NOT LISTED FOR SALE

40135 321st Ln Aitkin, MN 56431

Estimated Value: $450,172 - $575,000

3 Beds
2 Baths
1,728 Sq Ft
$283/Sq Ft Est. Value

Last Sold July 28, 2025

Last sale price $485,000 $281 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $2,717/month

About This Home

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.

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
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
Gallagan Amy $485,000 --
Quinehan Craig $189,500 --
Ringdahl Mark $225,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gallagan Amy $332,078
Previous Owner Quinehan Craig $161,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/28/2025 07/28/25 Sold $485,000 0.0% $281 / Sq Ft View Prior Sale
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

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

  • K

    Seller's Agent in 2025

    Kelly Quinehan

    Keller Williams Classic Realty

    (612) 991-7513

    1 in this area

    7 Total Sales

    Kelly Quinehan
    Section Image

  • P

    Buyer's Agent in 2025

    Phillip Stanley

    RE/MAX

    (218) 838-5280

    4 in this area

    14 Total Sales

    Phillip Stanley
    Section Image
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Map

Minnesota Aitkin County Aitkin 56431

40135 321st Ln, Aitkin, MN

Not Listed for Sale

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