556 N Lake Dr Watertown, SD 57201
Estimated payment $3,889/month
Highlights
- Waterfront
- No HOA
- Wood Burning Fireplace
- Ranch Style House
- Forced Air Heating and Cooling System
About This Home
Enjoy lake living with this 3-bedroom, 2-bath home offering 90 feet of shoreline and endless potential. The home features a large, open living room filled with natural light and scenic lake views, creating a welcoming space for everyday living or entertaining. Appliances are included, and a kitchenette in the basement adds flexibility for guests, extended living, or recreation space. Major mechanical updates provide peace of mind, with the furnace, air conditioner, and water heater all less than 10 years old. Outside, you'll appreciate the detached double-stall garage plus an additional shed with an overhead door—perfect for lake toys, tools, or extra storage. Best of all, the property is located out of the flood zone. With solid bones and opportunity for updates, this property is ideal for buyers looking to build equity while enjoying the lake life either as a year-round residence or a getaway retreat.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,687
Year Built
- Built in 1967
Lot Details
- 0.35 Acre Lot
- Lot Dimensions are 90 x 167.31
- Waterfront
Home Design
- Ranch Style House
Interior Spaces
- 2,528 Sq Ft Home
- Wood Burning Fireplace
- Laminate Flooring
- Partial Basement
- Microwave
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Schools
- Select One Elementary School
Utilities
- Forced Air Heating and Cooling System
- Electric Water Heater
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 8184
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $5,687 | $533,868 | $320,344 | $213,524 |
| 2024 | $5,061 | $533,868 | $320,344 | $213,524 |
| 2023 | $4,569 | $444,890 | $266,953 | $177,937 |
| 2022 | $4,332 | $375,680 | $197,743 | $177,937 |
| 2021 | $4,054 | $341,414 | $171,950 | $169,464 |
| 2020 | $3,759 | $313,229 | $156,318 | $156,911 |
| 2019 | $3,657 | $288,738 | $146,092 | $142,646 |
| 2018 | $3,609 | $279,406 | $146,092 | $133,314 |
| 2017 | $3,461 | $279,406 | $146,092 | $133,314 |
| 2016 | $3,487 | $257,112 | $139,135 | $117,977 |
| 2015 | $3,589 | $242,624 | $139,135 | $103,489 |
| 2014 | -- | $242,624 | $139,135 | $103,489 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/14/2026 01/14/26 | For Sale | $664,900 | +118.0% | $263 / Sq Ft | |
| 08/31/2018 08/31/18 | Sold | $305,000 | -10.3% | $121 / Sq Ft | View Prior Sale |
| 07/12/2018 07/12/18 | Pending | -- | -- | -- | |
| 04/24/2018 04/24/18 | For Sale | $340,000 | -- | $134 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $305,000 | -- |
Source: Northeast South Dakota Association of REALTORS®
MLS Number: 32-2299
APN: 008184
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Ask me questions while you tour the home.