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Preforeclosure Homes in East Gull Lake, MN

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East Gull Lake, MN Foreclosures

How much do homes sell for in East Gull Lake, MN?
The average home price is currently $1,308,766.
What’s the average rental cost in East Gull Lake, MN?
The average rental price in East Gull Lake is $1,929.
What is the most expensive home in East Gull Lake?
The most expensive home sold in East Gull Lake had a price of $7,145,738.
What is currently the cheapest priced home in East Gull Lake, MN?
The cheapest home for sale in East Gull Lake is priced at $23,486.

Living in East Gull Lake, MN

East Gull Lake, MN, is a peaceful lakeside community known for its stunning views and tight-knit atmosphere. Residents enjoy a variety of outdoor recreational activities, access to quality education, and a supportive neighborhood, making it ideal for families and retirees. With local amenities nearby, life in East Gull Lake strikes a balance between serene nature and community convenience.

Current Market Conditions in East Gull Lake, MN

East Gull Lake's real estate market has shown consistent growth over the past year with a gradual increase in property value. Demand for lakefront properties remains high due to their uniqueness and lifestyle offerings. Buyers from urban areas are seeking properties in this tranquil community, leading to rising prices and low inventory.

The market currently favors sellers, with homes often selling above asking price. The seasonal fluctuations influence activity, particularly in summer and early fall when buyers are more active. Investors are also seeing potential in the rental market due to the popularity of vacation homes in the area.

Home Value Estimator For East Gull Lake, MN

There are currently 430 real estate properties in East Gull Lake, MN, with a median automated valuation model (AVM) price of $989,861.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in East Gull Lake, MN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in East Gull Lake, MN, is $1,308,766.00, with the most expensive house in East Gull Lake, MN, topping out at $7,145,738.00 and the cheapest home in East Gull Lake, MN, clocking in at $23,486.00. In other words, there’s something for every potential homebuyer or savvy investor in East Gull Lake, MN!

Rent Prices In East Gull Lake, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in East Gull Lake, MN, is on a rollercoaster ride. The average rent price in East Gull Lake, MN, is $1,929.00. Indeed, when looking to rent in East Gull Lake, MN, you can expect to pay as little as $790.00 or as much as $2,440.00, with the average rent median estimated to be $2,060.00. The good news is that finding an affordable and desirable property to rent in East Gull Lake, MN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

East Gull Lake, MN Preforeclosure Homes


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