$115,000
$127,000
9.4%For more information regarding the value of a property, please contact us for a free consultation.
31026 Co Hwy 4 #8 Vergas, MN 56587
1 SqFt
Key Details
Sold Price $115,000
Property Type Single Family Home
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1 sqft
Price per Sqft $115,000
MLS Listing ID 6072502
Sold Date 10/08/21
HOA Fees $125/ann
Year Built 1940
Annual Tax Amount $1,115
Tax Year 2021
Contingent None
Lot Size 871 Sqft
Acres 0.02
Lot Dimensions 870 sq ft
Property Description
Loon Lake- Looking for the perfect investment property to work on over the winter, and sell in the spring? Or perhaps put your own touches on this blank canvas and keep it for yourself to enjoy! This twin home cabin sits on a newly formed CIC with 660 ft feet of shoreline, on Loon Lake near Vergas. At this point, buyer has the option of purchasing both units if they choose, and removing center wall to make a larger cabin. Both units have been stripped to the studs and are waiting to be completed. Once remodeling is complete, enjoy lake life without the work of mowing, snow removal or taking the dock in and out. Each unit comes with a shared dock and storage space. Septic lines and water lines have been dug under the frost line, so if remodeled to accommodate winter, these could be used year round. With only a $1500 per year HOA fee, these units will rise in value quickly.
Location
State MN
County Otter Tail
Zoning Residential-Single Family
Body of Water Loon
Rooms
Family Room Other
Basement Crawl Space
Interior
Heating None
Cooling None
Fireplace No
Appliance None
Exterior
Parking Features Open
Waterfront Description Lake Front
Road Frontage No
Building
Story One
Foundation 500
Sewer Shared Septic
Water Shared System
Level or Stories One
Structure Type Wood Siding
New Construction false
Schools
School District Perham-Dent
Others
HOA Fee Include Beach Access,Dock,Parking,Shared Amenities,Lawn Care,Water
Restrictions Other Covenants,Pets - Dogs Allowed,Pets - Number Limit
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