Seller's Agent in 2025
Daryl Bauer
RE/MAX
(952) 240-5773
15 in this area
358 Total Sales
1208 Elm Ave E Waseca, MN 56093
3
Beds
2
Baths
1,459
Sq Ft
2.7
Acres
Highlights
- RV Access or Parking
- 117,612 Sq Ft lot
- Home Office
- Lake View
- No HOA
- The kitchen features windows
About This Home
As of October 2025DRASTIC PRICE DROP! Seller has slashed to rock-bottom pricing on this rare turn-key 5 unit short term rental property plus single family home. NOW PRICED FOR IMMEDIATE SALE! FAST CLOSING! Whether you're an investor looking to capitalize on the growing tourism market or a family seeking a lifestyle change, this property offers a rare opportunity to blend business with pleasure. Welcome to Lodging at Lake Aire with incredible views of Clear Lake. Thriving business nestled in a serene setting offering both comfort and potential for growth. 3 bed home + 5 short term rental units + 2.7 acres + lake views = ENDLESS POSSIBILITIES! The charming home provides a cozy retreat for residents or a manager's quarters, while the 5-unit short term rental caters to a steady flow of guests who appreciate the tranquility and beauty of the area. Rentals have remodeled rooms and includes 3 efficiency, 2 one bedroom, on site laundry and private patios for each room. The charming main home features curved archways, stacked stone fireplace, updated kitchen & baths, hardwood floors, built in hutches and an oversized heated 2 car garage. Imagine the possibilities: expand the lodging options, create outdoor recreational spaces, or develop a community hub that draws visitors year-round. There is plenty of land to potentially add additional amenities or rentals & includes a 2nd curb cut off Elm Ave. With its established clientele and prime location, Lodging at Lake Aire is ready to continue its success story with your vision and passion. Located in the quaint small town of Waseca near numerous lakes, camping and bike paths. This property is meticulously maintained and ready for operation from day one! Don't miss the chance to turn this opportunity into your dream!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,696
Year Built
- Built in 1946
Lot Details
- 2.7 Acre Lot
- Lot Dimensions are 263x432x253x475
- Many Trees
- Additional Parcels
- Zoning described as Business/Commercial,Residential-Single Family
Parking
- 2 Car Garage
- Heated Garage
- Garage Door Opener
- Shared Driveway
- Parking Lot
- RV Access or Parking
Home Design
- Wood Siding
Interior Spaces
- 1,459 Sq Ft Home
- 1.5-Story Property
- Gas Fireplace
- Entrance Foyer
- Living Room with Fireplace
- Dining Room
- Home Office
- Lake Views
- Dryer
Kitchen
- Range
- Microwave
- Dishwasher
- Disposal
- The kitchen features windows
Bedrooms and Bathrooms
- 3 Bedrooms
- Walk-In Closet
- 2 Full Bathrooms
Unfinished Basement
- Drainage System
- Sump Pump
- Block Basement Construction
Outdoor Features
- Patio
Utilities
- Forced Air Heating and Cooling System
- Gas Water Heater
- Water Softener is Owned
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 171230070
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 2, 2024
Closed on
Oct 31, 2025
Sold by
Childs Erin
Bought by
Superior Real Estate Of Mn Llc
Seller's Agent
Daryl Bauer
Re/Max Advantage Plus
Buyer's Agent
Michael Danberry
Realty Executives Associates
List Price
$498,000
Sold Price
$500,000
Premium/Discount to List
$2,000
0.4%
Views
346
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-95.88%
Original Mortgage
$400,000
Outstanding Balance
$400,000
Interest Rate
6.26%
Mortgage Type
New Conventional
Estimated Equity
-$47,900
Purchase Details
Closed on
Jun 3, 2014
Sold by
Jensen John John
Bought by
Tate Michael Michael
Purchase Details
Closed on
Apr 1, 2008
Sold by
Jensen John F and Nelson Catherine Lj
Bought by
Nelson Blain J and Nelson Joan D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,600
Interest Rate
5.94%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 10, 2008
Sold by
Cj & Bj Properties Llc
Bought by
Jensen John F
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,600
Interest Rate
5.94%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $500,000 | -- | |
| Deed | $305,000 | -- | |
| Contract Of Sale | $84,600 | -- | |
| Quit Claim Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $400,000 | New Conventional | |
| Previous Owner | $84,600 | Purchase Money Mortgage | |
| Previous Owner | $169,200 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/31/2025 10/31/25 | Sold | $500,000 | +6.6% | $343 / Sq Ft |
| 10/16/2025 10/16/25 | Pending | -- | -- | -- |
| 10/14/2025 10/14/25 | Price Changed | $469,000 | -5.8% | $321 / Sq Ft |
| 10/14/2025 10/14/25 | For Sale | $498,000 | 0.0% | $341 / Sq Ft |
| 10/02/2025 10/02/25 | Pending | -- | -- | -- |
| 08/28/2025 08/28/25 | Price Changed | $498,000 | -8.6% | $341 / Sq Ft |
| 08/22/2025 08/22/25 | Price Changed | $545,000 | -5.7% | $374 / Sq Ft |
| 08/12/2025 08/12/25 | Price Changed | $578,000 | -1.7% | $396 / Sq Ft |
| 07/29/2025 07/29/25 | Price Changed | $588,000 | -1.7% | $403 / Sq Ft |
| 06/27/2025 06/27/25 | Price Changed | $598,000 | -0.2% | $410 / Sq Ft |
| 05/24/2025 05/24/25 | Price Changed | $599,000 | -4.8% | $411 / Sq Ft |
| 04/09/2025 04/09/25 | Price Changed | $629,500 | -1.6% | $431 / Sq Ft |
| 02/04/2025 02/04/25 | Price Changed | $640,000 | -1.5% | $439 / Sq Ft |
| 09/05/2024 09/05/24 | Price Changed | $650,000 | -3.7% | $446 / Sq Ft |
| 07/02/2024 07/02/24 | For Sale | $675,000 | -- | $463 / Sq Ft |
Source: NorthstarMLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $3,940 | $268,400 | $98,900 | $169,500 |
| 2023 | $3,732 | $252,000 | $90,600 | $161,400 |
| 2022 | $3,614 | $217,000 | $115,100 | $101,900 |
| 2021 | $3,482 | $188,400 | $99,700 | $88,700 |
| 2020 | $3,326 | $186,600 | $99,700 | $86,900 |
| 2019 | $3,210 | $177,600 | $95,100 | $82,500 |
| 2018 | $3,102 | $171,400 | $86,100 | $85,300 |
| 2017 | $2,818 | $148,300 | $83,212 | $65,088 |
| 2016 | $2,716 | $144,500 | $82,782 | $61,718 |
| 2015 | -- | $137,200 | $77,604 | $59,596 |
| 2012 | -- | $172,900 | $90,500 | $82,400 |
Source: Public Records
Agents Affiliated with this Home
-
Daryl Bauer
-
Michael Danberry
Buyer's Agent in 2025
Michael Danberry
Realty Executives
(507) 676-3950
25 in this area
120 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6562682
APN: 17.123.0070
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