Adam Cole
Counselor Realty of Rochester
(507) 516-3238
83 Total Sales
2 in Waseca
$167K - $200K Price Range
1208 Elm Ave E Waseca, MN 56093
Waseca AreaEstimated Value: $357,317
3
Beds
2
Baths
1,459
Sq Ft
$245/Sq Ft
Est. Value
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!
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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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 2, 2024
Closed on
Oct 31, 2025
Sold by
Bought by
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
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$142,683
Avg. Annual Appreciation
-33.95%
Purchase Details
Closed on
Jun 3, 2014
Sold by
Bought by
Purchase Details
Closed on
Apr 1, 2008
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,200
Interest Rate
6.1%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 10, 2008
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,200
Interest Rate
6.1%
Mortgage Type
Purchase Money Mortgage
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Waseca, MN
-
Adam Cole
-
David Prouty
David Prouty
Get a Rebate Real Estate
(612) 482-1281
59 Total Sales
1 in Waseca
$232,200 Price
-
Colleen Schultz
Colleen Schultz
Keller Williams Premier Realty Lake Minnetonka
(952) 649-6656
104 Total Sales
1 in Waseca
$206,000 Price
-
Patrick Sullivan
Patrick Sullivan
Responds QuicklyRE/MAX Advantage Plus
(952) 209-8837
216 Total Sales
1 in Waseca
$150,000 Price
-
Jennifer Fielding
Jennifer Fielding
eXp Realty
(507) 431-1625
110 Total Sales
2 in Waseca
$185K - $240K Price Range
-
Kevin Kolbet
Kevin Kolbet
Kolbet Realtors
(641) 552-0245
262 Total Sales
1 in Waseca
$415,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $500,000 | -- | ||
| $305,000 | -- | ||
| $84,600 | -- | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $169,200 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $4,424 | $284,156 | $0 | $0 |
| 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
Seller's Agent in 2025
Daryl Bauer
RE/MAX
(952) 240-5773
343 Total Sales
-
Michael Danberry
Buyer's Agent in 2025
Michael Danberry
Realty Executives
(507) 676-3950
109 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6562682
APN: 17.123.0070
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of NorthstarMLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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