$397,000
$33K PRICE DROP

4381 Lilac Rd Gilbert, MN 55741

Estimated payment $2,125/month

Total Views 3,789
4 Beds
2 Baths
1,616 Sq Ft
$246 Price per Sq Ft

About This Home

Discover your private paradise at the end of a secluded road on pristine Lost Lake. This beautifully renovated 4-bedroom, 2-bathroom home sits on 1.8 wooded acres, just 10 minutes from Giants Ridge. Completely updated with a brand new 28x24 addition, this move-in-ready gem offers modern comfort in an idyllic lakeside setting. Every detail has been thoughtfully refreshed throughout. Step outside to your own sandy shoreline—perfect for swimming, kayaking, and peaceful mornings by the water. The private lake frontage provides rare seclusion, while the 2-stall garage offers ample storage for boats and recreational equipment. Whether you're seeking a year-round residence, weekend retreat, or vacation rental investment, this property delivers the best of Minnesota lake living with world-class skiing and golf at Giants Ridge right at your doorstep.Call for a tour today!!

Listing Agent

Norma Jean Jofs

Next Door Realty Brokerage Phone: Listed on: 01/28/2026

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1981

Parking

  • 2

Kitchen

  • Microwave
  • Dishwasher

Laundry

  • Dryer
  • Washer

Listing and Financial Details

  • Assessor Parcel Number 677-0012-00033

Home Details

Home Type

Single Family

Year Built

Built in 1981

Lot Details

1.8 Acres

Parking

2

Listing Details

  • Directions: From Biwabik turn right onto Hwy 4, right onto Heritage Trail E, left onto Lilac Rd and the property is on the right near the end of the rd.
  • Tax Year: 2025
  • Reso Roof: Asphalt Shingle
  • Year Built: 1981
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer

Utilities

  • Sewer: Private Sewer

Lot Info

  • Development Status: Previously Owned
  • Parcel Number: 677-0012-00033

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
Collateral Analytics

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ICE

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Average Value
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List Price
Sold Price
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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 $1,036 $162,100 $61,600 $100,500
2023 $1,036 $154,600 $58,900 $95,700
2022 $1,562 $142,900 $54,600 $88,300
2021 $1,434 $109,500 $47,100 $62,400
2020 $1,448 $109,500 $47,100 $62,400
2019 $1,440 $107,600 $45,200 $62,400
2018 $1,570 $107,600 $45,200 $62,400
2017 $1,584 $115,800 $56,700 $59,100
2016 $1,542 $115,800 $56,700 $59,100
2015 $1,443 $108,200 $54,300 $53,900
2014 $1,443 $108,200 $54,300 $53,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/12/2026 02/12/26 Price Changed $397,000 -4.3% $246 / Sq Ft
02/07/2026 02/07/26 Price Changed $415,000 -3.5% $257 / Sq Ft
01/28/2026 01/28/26 For Sale $429,900 +65.3% $266 / Sq Ft
07/06/2023 07/06/23 Sold $260,000 0.0% $275 / Sq Ft View Prior Sale
05/30/2023 05/30/23 Pending -- -- --
05/24/2023 05/24/23 For Sale $259,900 +85.8% $275 / Sq Ft
09/07/2021 09/07/21 Sold $139,900 0.0% $148 / Sq Ft View Prior Sale
07/29/2021 07/29/21 Pending -- -- --
07/27/2021 07/27/21 For Sale $139,900 -- $148 / Sq Ft
Source: Lake Superior Area REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $260,000 American Title
Warranty Deed $260,000 American Title
Warranty Deed $139,900 American Title
Warranty Deed $89,900 Consolidated Title & Abstrac
Deed $139,900 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $170,000 New Conventional
Closed $170,000 New Conventional
Previous Owner $104,900 New Conventional
Closed $104,900 No Value Available
Source: Public Records

Source: Lake Superior Area REALTORS®

MLS Number: 6123448

APN: 677001200033

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