NOT LISTED FOR SALE

23638 480th St McGregor, MN 55760

Estimated Value: $352,292 - $413,000

2 Beds
2 Baths
1,728 Sq Ft
$224/Sq Ft Est. Value

Last Sold November 08, 2024

Last sale price $340,000 $197 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $2,125/month

30 Days on Market

Highlights

  • 240 Feet of Waterfront
  • The kitchen features windows
  • Laundry Room
  • No HOA
  • Porch
  • 1-Story Property

About This Home

As of November 2024

Tucked away from the paved road you will find a Cedar sided cottage at the water's edge with no other cabins or homes in sight. The almost 5-acre property has been loved by the same family since the 1960's when the south side of Rat Lake was first divided into lots. Rat Lake is 431 acres and has various species of fish including Crappies, Blue Gills, Northerns and Bass. Sit at the water's edge with 240 feet of shoreline with some sand, sit on the dock and view the mostly undisturbed natural beauty across the lake or relax on the deck or screened in porch. Inside the year around home, the natural woodwork and large lakeside windows gives you an up north feel. The open floor plans keep everyone comfortable while you relax in front of the large fireplace made from bricks from the Ancker Hospital in St. Paul. The lower level has another gathering space, a sleeping space, a bathroom, and a laundry and storage room. When you have your limit of fish, jump on the 4-wheeler trail & explore, head east just a 1/4 mile, and you are at the entrance to the Minnesota National Golf Course. Head west 1/4 mile, and you are at Larson's Barn (popular for weddings and an occasional Saturday night polka dance) There are many restaurant options in the McGregor and Palisade areas and many other lakes to enjoy.

Last Agent to Sell the Property

Kay Hill

Edina Realty, Inc. Listed on: 09/11/2024

Edina Realty, Inc.

Last Buyer's Agent

Kay Hill

Edina Realty, Inc. Listed on: 09/11/2024

Edina Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,330

Year Built

  • Built in 1967

Lot Details

  • 4.94 Acre Lot
  • Lot Dimensions are 240x678x61x493x414
  • 240 Feet of Waterfront
  • Lake Front
  • Many Trees
  • Zoning described as Shoreline

Parking

  • 2 Car Garage

Home Design

  • Pillar, Post or Pier Foundation
  • Metal Roof
  • Cedar

Interior Spaces

  • 1-Story Property
  • Wood Burning Fireplace
  • Family Room
  • Living Room with Fireplace
  • Combination Dining and Living Room

Kitchen

  • Range
  • Microwave
  • The kitchen features windows

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Laundry Room
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Drainage System
  • Block Basement Construction

Outdoor Features

  • Porch

Utilities

  • No Cooling
  • Forced Air Heating System
  • Propane
  • Private Water Source
  • Well
  • Drilled Well
  • Electric Water Heater
  • Water Softener is Owned
  • Fuel Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 390040105

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,330

Year Built

Built in 1967

Lot Details

0

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: None
  • Garage Spaces: 2
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: Submersible - 4 Inch, Drilled, Private, Well
  • Year Built: 1967
  • Above Grade Finished Sq Ft: 864
  • Water Body Name: Rat
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: None
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Block, Drainage System, Finished, Full, Posts, Walkout
  • Appliances: Electric Water Heater, Fuel Tank - Rented, Microwave, Range, Refrigerator, Washer, Water Softener Owned
  • Fireplace Features: Living Room, Wood Burning
  • Living Area: 1728
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 864
  • Basement YN: Yes
  • Dining Room Type: Kitchen, Dining Room, Living Room, Bedroom 1, Family Room, Bedroom 2, Laundry, Three Season Porch

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Three Quarter Bathrooms: 1

Exterior Features

  • Roof: Age Over 8 Years, Metal
  • PoolFeatures: None
  • View: Lake
  • ConstructionMaterialsDesc: Frame
  • PatioPorchType: Deck,Enclosed,Porch
  • Lake Bottom: Sand,Soft,Weeds
  • LakeChain: N
  • Elevation Highpoint to Waterfront Feet: 0-4
  • Waterfront Frontage: 240

Garage/Parking

  • Parking Features: Detached, Gravel

Utilities

  • Heating: Forced Air, Fireplace(s)
  • Sewer: Private Sewer, Tank with Drainage Field
  • Electric: Circuit Breakers
  • Fuel: Propane
  • Power Company: Mille Lacs Energy Co-op

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Deck,Kitchen Window,Washer/Dryer Hookup

Schools

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

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: 240x678x61x493x414
  • Lot Size Sq Ft: 215186.4
  • Land Lease: No
  • Lot Features: Many Trees
  • Additional Parcels: No
  • Zoning Description: Shoreline
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Cedar

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 390040105
  • Tax Annual Amount: 1330
  • TaxWithAssessments: 1330.0000

Multi Family

  • WaterfrontFeatures: Lake Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2024
Closed on
Nov 8, 2024
Sold by
Mcbride Mary and Mcbride Michael
Bought by
Bendt Kyle and Bendt April
Seller's Agent
Kay Hill
Edina Realty, Inc.
Buyer's Agent
Kay Hill
Edina Realty, Inc.
List Price
$362,500
Sold Price
$340,000
Premium/Discount to List
-$22,500
-6.21%
Views
33
Current Estimated Value
$387,573

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,573
Avg. Annual Appreciation
11.33%
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Bendt Kyle $340,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/08/2024 11/08/24 Sold $340,000 -6.2% $197 / Sq Ft
10/11/2024 10/11/24 Pending -- -- --
09/11/2024 09/11/24 For Sale $362,500 -- $210 / 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
2025 $1,340 $238,300 $111,900 $126,400
2024 $1,330 $232,000 $110,900 $121,100
2023 $1,406 $229,200 $108,200 $121,000
2022 $1,480 $215,600 $99,800 $115,800
2021 $1,414 $172,100 $80,300 $91,800
2020 $1,454 $163,500 $80,400 $83,100
2019 $1,422 $162,000 $79,900 $82,100
2018 $1,398 $151,900 $80,000 $71,900
2017 $1,630 $152,600 $80,900 $71,700
2016 $1,688 $176,800 $105,100 $71,700
2014 $1,704 $187,900 $116,200 $71,700
2012 $16 $200,900 $122,300 $78,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6600654

NorthstarMLS

APN: 39-0-040105