556 N Lake Dr Watertown, SD 57201
Watertown AreaEstimated payment $3,671/month
3
Beds
2
Baths
2,528
Sq Ft
$237
Price per Sq Ft
Highlights
- Lake Front
- No HOA
- Carpet
- Ranch Style House
- Wood Burning Fireplace
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
- $5,844
Year Built
- Built in 1970
Lot Details
- 15,058 Sq Ft Lot
- Lot Dimensions are 90 x 167.31
- Lake Front
Parking
- 2 Car Garage
Home Design
- Ranch Style House
- Block Foundation
- Composition Roof
Interior Spaces
- 2,528 Sq Ft Home
- Wood Burning Fireplace
- Basement Fills Entire Space Under The House
Kitchen
- Microwave
- Dishwasher
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Schools
- Lincoln Elementary Watertown 14-4
- Watertown JHS Middle School
- Watertown High School
Utilities
- Heating System Uses Natural Gas
Community Details
- No Home Owners Association
- Other Outside Jurisdiction Subdivision
Map
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2026 | $5,844 | $533,868 | $320,344 | $213,524 |
| 2025 | $5,844 | $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 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 06/05/2026 06/05/26 | For Sale | $600,000 | +96.7% | $237 / 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 |
Source: REALTOR® Association of the Sioux Empire
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $305,000 | -- |
Source: Public Records
About the Listing Agent
Sally Solum grew up in Sioux Falls. Her education after high school was at Black Hills State University in Spearfish, where she obtained a Bachelor of Science degree in Accounting. She also attended South Dakota State University in Brookings and earned a Masters degree in Vocational Teacher Education. Sally taught at Lake Area Technical Institute in the Financial Services program, specializing in accounting and income taxes. She was the Volunteer Income Tax Assistance coordinator at LATI
Sally's Other Listings
Source: REALTOR® Association of the Sioux Empire
MLS Number: 22605361
APN: 008184
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.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the REALTOR® Association of the Sioux Empire, Inc., Multiple Listing Service. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange™ logo or the Internet Data Exchange thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
Information is deemed reliable but not guaranteed.
Copyright 2026 REALTOR® Association of the Sioux Empire, Inc., Inc. Multiple Listing Service. All rights reserved.
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