Find Your Dream Home: Search 10,000+ Homes for Sale

20550 Iceland Avenue, Lakeville, MN 55044

$275,000

Property Type: Residential Bedrooms: 3 Baths: 1 Square Footage: 2,016 Lot Size (sq. ft.): 12,197 Status: Closed

Current Price: $275,000 List Date: 6/06/2025 Last Modified: 6/27/2026

Overview

Description

Charming opportunity in a prime Lakeville location, just blocks from downtown and steps from scenic biking trails that lead to Antlers Park, Casperson Park, and Ritter Farm Park. This solidly built 3-bedroom rambler is full of potential and ready for your vision and updates. The home features a functional layout, spacious living area, and great bones. While the bathroom floor is uneven, tile needs attention, and the windows are older, this property offers the perfect chance to build instant equity with some TLC. Whether you're an investor or a homeowner looking for a project in a desirable neighborhood, this is the one you've been waiting for!

Listing Details MLS# 6728418

General Property Information

Common Wall: No
Lot Measurement: Acres
Manufactured Home?: No
Multiple PIDs?: No
New Development: No
Waterfront YN: No
Year Built: 1968
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Bath Full: Yes
Main Floor Total SqFt: 1008
Above Grd Total SqFt: 1008
Below Grd Total SqFt: 1008
Total SqFt: 2016
Total Finished Sqft: 1008.00
FireplaceYN: No
Style: (SF) Single Family
Foundation Size: 1008
Garage Stalls: 2
Lot Dimensions: 135x90
Acres: 0.28
Assessment Pending: Yes
Number of Fireplaces: 0
Bath Three Quarters: 0
Bath Half: 0
Bath Quarter: 0
Association Fee: 0

Property Features

Accessible: None Air Conditioning: Central Air Amenities Unit: Hardwood Floors; Kitchen Window Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer Assumable Loan: Not Assumable Basement: Full; Unfinished Bath Description: Main Floor Full Bath Construction Materials: Block Construction Status: Previously Owned Dining Room Description: Informal Dining Room Exterior: Fiber Board Financing Terms: Cash Foundation: None Fuel: Natural Gas Heating: Forced Air Laundry: In Basement Lot Description: Tree Coverage - Light Parking Characteristics: Garage Door Opener Pool Description: None Road Frontage: City Street; Paved Streets Road Responsibility: Public Maintained Road Roof: Age Over 8 Years; Asphalt Shingles Sellers Terms: Cash; Conventional; FHA; VA Sewer: City Sewer/Connected Special Search: 3 BR on One Level; Main Floor Primary Stories: One Water: City Water/Connected

Contract Information

Off Market Date: 2025-06-10
Contingency: None
Closed Date: 2025-06-26
Original List Price: 275000
Sales Close Price: 275000
ListPrice: 275000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 20550
Street Name: Iceland
Street Suffix: Avenue
Postal City: Lakeville
County: Dakota
State: MN
Zip Code: 55044
Complex/Dev/Subdivision: Glenn Add

Assessments

Assessment Balance: 1771
Tax With Assessments: 3104

Building Information

Finished SqFt Above Ground: 1008

More Information

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

DP Resource: Yes
Homestead: Yes

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Dimensions: 24x22
Garage Square Feet: 528
Garage Door Opener: Yes

Public Survey Info

Range#: 20
Section#: 29
Township#: 114

Office/Member Info

Association: SPAAR

Location, Tax and Other Information

AssocFeeYN: No
Legal Description: GLENN ADDITION A W 135 FT OF N 90 FT OF S 532.52 FT OF
Listing City: Lakeville
Map Page: 176
Municipality: Lakeville
School District: Lakeville
School District Phone: 952-232-2000
Zip Plus 4: 2830
Property ID Number: 223020000060
Tax Year: 2025
Tax Amount: 2762
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Charming opportunity in a prime Lakeville location, just blocks from downtown and steps from scenic biking trails that lead to Antlers Park, Casperson Park, and Ritter Farm Park. This solidly built 3-bedroom rambler is full of potential and ready for your vision and updates. The home features a functional layout, spacious living area, and great bones. While the bathroom floor is uneven, tile needs attention, and the windows are older, this property offers the perfect chance to build instant equity with some TLC. Whether you're an investor or a homeowner looking for a project in a desirable neighborhood, this is the one you've been waiting for!
Directions: Hwy 50 to Dodd, South to 205th, East to Iceland, South to home.

Accessible

None: Yes

Air Conditioning

Central Air: Yes

Amenities Unit

Hardwood Floors: Yes
Kitchen Window: Yes

Appliances

Dishwasher: Yes
Dryer: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Assumable Loan

Not Assumable: Yes

Basement

Full: Yes
Unfinished: Yes

Bath Description

Main Floor Full Bath: Yes

Construction Materials

Block: Yes

Construction Status

Previously Owned: Yes

Dining Room Description

Informal Dining Room: Yes

Exterior

Fiber Board: Yes

Financing Terms

Cash: Yes

Foundation

None: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Insurance Fee

Insurance Fee: 0

Laundry

In Basement: Yes

Lot Description

Tree Coverage - Light: Yes

Pool Description

None: Yes

Road Frontage

City Street: Yes
Paved Streets: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Age Over 8 Years: Yes
Asphalt Shingles: Yes

Sellers Terms

Cash: Yes
Conventional: Yes
FHA: Yes
VA: Yes

Sewer

City Sewer/Connected: Yes

Special Search

3 BR on One Level: Yes
Main Floor Primary: Yes

Stories

One: Yes

Water

City Water/Connected: Yes

Room Information

Room Name	Dimensions	Level
Third (3rd) Bedroom	11x10	Main
Second (2nd) Bedroom	13x10	Main
First (1st) Bedroom	13x10	Main
Informal Dining Room	10x09	Main
Kitchen	10x08	Main
Living Room	15.5x13	Main

Listing Office: Edina Realty, Inc.

Last Updated: June - 27 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.