$485,000
SOLD JUL 28, 2025

40135 321st Ln Aitkin, MN 56431

3 Beds
1.5 Baths
1,728 Sq Ft
2.41 Acres

Recently Sold

$281 Per Sq Ft

1% Above List Price

61 Days on Market

Highlights

  • 100 Feet of Waterfront
  • 105,154 Sq Ft lot
  • No HOA
  • Beach Access
  • Main Floor Primary Bedroom
  • The kitchen features windows

About This Home

As of July 2025

Welcome to this idyllic, authentic and charming original 1900 homestead, very unique and special legacy property on Hanging Kettle lake! Originally a farmhouse, this hand planed log interior 2 story, 3
bedroom, 2 bath features 1728 FSF and breathtaking charm and unknown history on 2.4 acres! Original hardwoods in FR, added lakeside metal roof porch and frontside metal roof porch and deck. Original Barn and a well house located near newly built Sherman pole garage for all the toys. Central air added. 4th BDRM off kitchen is non-conforming. Being sold "AS IS". 100' shoreline. Hanging Kettle lake is on the Ripple River system and connects to Diamond lake, then Ripple and Elm Island lakes. Great fishing lake! Beautiful pond views in front. Sellers have loved and cherished this special property. Tons of parking and space for family gatherings, reunions & more! 5 Minutes from town, Block North Brew Pub, shopping, hospital, etc. and 20 min to Crosby, 35 min to Brainerd lakes area.

Last Agent to Sell the Property

Kelly Quinehan

Keller Williams Classic Realty Listed on: 05/05/2025

Keller Williams Classic Realty

Last Buyer's Agent

Phillip Stanley

RE/MAX Northland

RE/MAX Northland

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,232

Year Built

  • Built in 1900

Lot Details

  • 2.41 Acre Lot
  • Lot Dimensions are 286x332x70x161
  • 100 Feet of Waterfront
  • Lake Front
  • Many Trees

Parking

  • 2 Car Garage

Home Design

  • Pitched Roof
  • Metal Roof
  • Log Siding

Interior Spaces

  • 1,728 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Utility Room
  • Crawl Space

Kitchen

  • Range
  • Microwave
  • Wine Cooler
  • The kitchen features windows

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Beach Access

Utilities

  • Forced Air Heating and Cooling System
  • Propane
  • Well
  • Electric Water Heater
  • Septic System

Community Details

  • No Home Owners Association
  • Nestruds Sunset Acres Subdivision

Listing and Financial Details

  • Assessor Parcel Number 071131702

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,232

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: Well
  • Year Built: 1900
  • Above Grade Finished Sq Ft: 1728
  • Water Body Name: Hanging Kettle
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: Cable,Fiber Optic
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Crawl Space
  • Appliances: Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer, Wine Cooler
  • Living Area: 1728
  • Fireplace: No
  • Basement YN: No
  • Dining Room Type: Living Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Utility Room

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • One Quarter Bathrooms: 1

Exterior Features

  • Roof: Age Over 8 Years, Asphalt, Metal, Pitched
  • View: West
  • Other Structures: Additional Garage, Barn(s), Boat House, Chicken Coop/Barn, Other, Pole Building, Root Cellar, Storage Shed
  • PatioPorchType: Covered,Deck,Front Porch,Patio,Porch,Rear Porch
  • Lake Bottom: Sand,Soft
  • LakeChain: N
  • Elevation Highpoint to Waterfront Feet: 26-40
  • Waterfront Frontage: 100

Garage/Parking

  • Parking Features: Detached, Gravel

Utilities

  • Heating: Forced Air
  • Sewer: Private Sewer, Septic System Compliant - Yes
  • Electric: Circuit Breakers
  • Fuel: Propane
  • Power Company: Mille Lacs Energy Co-op

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Ceiling Fan(s),Dock,Hardwood Floors,Kitchen Window,Main Floor Primary Bedroom,Natural Woodwork,Patio,Porch,Security System,Washer/Dryer Hookup

Schools

  • Junior High Dist: Aitkin
  • SchoolDistrictPhone: 218-927-2115

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: 286x332x70x161
  • Lot Size Sq Ft: 105153.84
  • Land Lease: No
  • Lot Features: Accessible Shoreline, Many Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Log Siding

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 071131702
  • Tax Annual Amount: 2232
  • TaxWithAssessments: 2232.0000

Multi Family

  • WaterfrontFeatures: Dock, Lake Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2025
Closed on
Jul 28, 2025
Sold by
Quinehan Kelly and Quinehan Craig
Bought by
Gallagan Amy
Seller's Agent
Kelly Quinehan
Keller Williams Classic Realty
Buyer's Agent
Phillip Stanley
RE/MAX Northland
List Price
$480,000
Sold Price
$485,000
Premium/Discount to List
$5,000
1.04%
Views
88
Current Estimated Value
$488,793

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,793
Avg. Annual Appreciation
1.60%
Original Mortgage
$332,078
Outstanding Balance
$331,797
Interest Rate
6.84%
Mortgage Type
New Conventional
Estimated Equity
$156,996

Purchase Details

Closed on
Jun 30, 2016
Sold by
Ringdahl Mark Mark
Bought by
Quinehan Craig

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,000
Interest Rate
3.58%

Purchase Details

Closed on
Apr 1, 2009
Bought by
Ringdahl Mark and Ringdahl Janine
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $485,000 --
Deed $189,500 --
Warranty Deed $225,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $332,078 New Conventional
Previous Owner $161,000 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/28/2025 07/28/25 Sold $485,000 0.0% $281 / Sq Ft
07/08/2025 07/08/25 Pending -- -- --
07/02/2025 07/02/25 Off Market $485,000 -- --
06/23/2025 06/23/25 Price Changed $465,000 -1.1% $269 / Sq Ft
05/27/2025 05/27/25 Price Changed $470,000 -2.1% $272 / Sq Ft
05/08/2025 05/08/25 For Sale $480,000 -- $278 / 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 $2,232 $429,300 $225,800 $203,500
2024 $1,974 $401,700 $225,700 $176,000
2023 $1,682 $366,600 $216,100 $150,500
2022 $1,784 $292,900 $167,300 $125,600
2021 $1,620 $238,200 $139,400 $98,800
2020 $1,592 $220,400 $129,500 $90,900
2019 $1,584 $207,200 $129,500 $77,700
2018 $1,472 $198,300 $124,600 $73,700
2017 $1,424 $185,500 $119,700 $65,800
2016 $1,500 $185,500 $119,700 $65,800
2014 $1,456 $189,600 $127,300 $62,300
2012 $14 $199,700 $138,700 $61,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6715288

NorthstarMLS

APN: 07-1-131702