NOT LISTED FOR SALE

20515 493rd Ln McGregor, MN 55760

Estimated Value: $425,058 - $529,000

2 Beds
1 Bath
756 Sq Ft
$631/Sq Ft Est. Value

Last Sold August 26, 2022

Last sale price $415,900 $550 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $2,813/month

6 Days on Market

Highlights

  • 60 Feet of Waterfront
  • No HOA
  • Space Heater
  • Deck
  • Patio
  • Wood Burning Fireplace

About This Home

As of August 2022

Adorable log cabin with sandy shoreline on sought after Big Sandy Lake. Property is located on a quiet cove of Davis Bay. The rock fireplace is wood burning and can heat the cabin easily if you decide to enjoy all the local wintertime activities! The large lakeside deck offers million dollar sunset views! There is one bdr on the main level and a full loft area with an additional 2 beds. Due to the lower ceiling height, this square footage is not calculated in the total finished sq ft. You'll love the newly remodeled bath, it has a unique stone floor w/ceramic tile shower and stone accents. There is a 2 stall detached garage as you drive onto the property and also an 18X28 storage/workshop by the cabin, great for storing all the lake toys. This well maintained and loved cabin is the perfect place to start your family's lake cabin memories.

Last Listed By

Shawn Hoover

Aspen Realty Listed on: 07/22/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,730

Year Built

  • Built in 1940

Lot Details

  • 0.42 Acre Lot
  • Lot Dimensions are 60x290x71x301
  • 60 Feet of Waterfront
  • Lake Front
  • Unpaved Streets

Parking

  • 2 Car Garage

Home Design

  • Pitched Roof
  • Log Siding

Interior Spaces

  • 756 Sq Ft Home
  • 1.5-Story Property
  • Wood Burning Fireplace
  • Stone Fireplace
  • Living Room with Fireplace
  • Crawl Space
  • Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Outdoor Features

  • Deck
  • Patio

Utilities

  • Space Heater
  • Private Water Source
  • Sand Point Well
  • Well

Community Details

  • No Home Owners Association
  • Bellhorn Heights Third Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 291330500

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,730

Year Built

Built in 1940

Lot Details

0

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Wall Unit(s)
  • Garage Spaces: 2
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: Private, Sand Point, Well
  • Year Built: 1940
  • Above Grade Finished Sq Ft: 756
  • Water Body Name: Big Sandy
  • Unit Levels: One and One Half
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: Cable,DSL
  • FoundationDimensions: 24X33
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Crawl Space
  • Appliances: Range, Refrigerator
  • Fireplace Features: Living Room, Stone, Wood Burning
  • Living Area: 756
  • Fireplace: Yes
  • Basement YN: No
  • Dining Room Type: Living Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2, Deck, Patio
  • SqFtTotal: 756.00

Beds/Baths

  • Total Bedrooms: 2
  • Three Quarter Bathrooms: 1

Exterior Features

  • Roof: Asphalt, Pitched
  • View: Bay, West
  • Other Structures: Workshop
  • ConstructionMaterialsDesc: Log
  • Lake Acres: 6088
  • Lake Bottom: Reeds,Sand
  • LakeChain: N
  • Waterfront Frontage: 60

Garage/Parking

  • Parking Features: Detached, Gravel
  • Garage Square Feet: 624

Utilities

  • Heating: Fireplace(s), Space Heater
  • Sewer: Private Sewer, Tank with Drainage Field
  • Fuel: Propane,Wood
  • Power Company: Lake Country Power

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: McGregor
  • SchoolDistrictNumber: 4
  • SchoolDistrictPhone: 218-768-2111

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: 60X290X71X301
  • Lot Size Sq Ft: 18469.44
  • Land Lease: No
  • Lot Features: Tree Coverage - Medium
  • Additional Parcels: No
  • Zoning Description: Shoreline,Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Seasonal

Building Info

  • Construction Materials: Log

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 291330500
  • Tax Annual Amount: 1730
  • TaxWithAssessments: 1730.0000

Multi Family

  • WaterfrontFeatures: Lake Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2022
Closed on
Aug 26, 2022
Sold by
Roger L Kapsner Revocable Trust Dated 1
Bought by
Minske Troy and Minske Paula
Seller's Agent
Shawn Hoover
Aspen Realty
Buyer's Agent
Shawn Hoover
Aspen Realty
List Price
$349,900
Sold Price
$415,900
Premium/Discount to List
$66,000
18.86%
Total Days on Market
6
Current Estimated Value
$477,015

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,115
Avg. Annual Appreciation
3.72%
Original Mortgage
$410,900
Outstanding Balance
$398,028
Interest Rate
5.51%
Mortgage Type
New Conventional
Estimated Equity
$61,014

Purchase Details

Closed on
Jun 1, 2000
Bought by
Kapsner Roger and Roger L Kapsner Rev Trust

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Minske Troy $415,900 --
Kapsner Roger $177,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Minske Troy $410,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2022 08/26/22 Sold $415,900 +18.9% $550 / Sq Ft
07/25/2022 07/25/22 Pending -- -- --
07/18/2022 07/18/22 For Sale $349,900 -- $463 / Sq Ft
Source: NorthstarMLS

Tax History Compared to Growth

Source: Public Records

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 $2,016 $316,300 $227,600 $88,700
2023 $1,770 $336,100 $242,600 $93,500
2022 $1,730 $269,000 $186,700 $82,300
2021 $1,752 $197,700 $143,000 $54,700
2020 $1,692 $195,100 $135,600 $59,500
2019 $1,606 $184,400 $131,900 $52,500
2018 $1,506 $168,900 $120,700 $48,200
2017 $1,324 $161,000 $112,800 $48,200
2016 $1,248 $142,200 $94,000 $48,200
2014 $1,198 $132,100 $91,100 $41,000
2012 $13 $163,700 $105,200 $58,500
Source: Public Records

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Source: NorthstarMLS

MLS Number: 6236365

NorthstarMLS

APN: 29-1-330500