$470,000

40172 Meadow Bay Frazee, MN 56544

Estimated payment $2,778/month

Total Views 2,192
3 Beds
1 Bath
672 Sq Ft
$699 Price per Sq Ft

Highlights

  • 180 Feet of Waterfront
  • Wood Burning Stove
  • The kitchen features windows
  • Deck
  • No HOA
  • Porch

About This Home

Beautifully Updated Year-Round Lake Home on Little Toad Lake! Tucked away on peaceful Meadow Bay, this charming property offers the perfect blend of modern updates and cozy lake living. Enjoy mornings on the covered front porch or take in the stunning lake views from the spacious deck. Inside, the home features refinished ceiling beams, a fully remodeled kitchen with brand-new cabinets, counters & appliances, as well as durable vinyl plank flooring throughout along with new lakeside upper and lower patio doors and windows.With 3 bedrooms, additional living space in the walkout basement, and a patio area perfect for entertaining, there's room for everyone to spread out and relax. The oversized 2-stall garage offers even more flexibility with space above ready to finish into a bunkhouse, guest suite or extra storage. Whether you're seeking a year-round residence or a peaceful lakeside retreat, this beautifully updated home checks every box! See documents for list of updated features. This property includes 2 parcels and has 180’ of lake frontage so there is plenty of room to roam. Nice level area to enjoy campfires by the lake, the perfect spot to relax & escape!! Schedule your showing today!!

Last Listed By

Michelle Borud

Beyond Realty Listed on: 05/01/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,826

Year Built

  • Built in 1981

Lot Details

  • 0.68 Acre Lot
  • Lot Dimensions are 180 x 200 x 150 x 166
  • 180 Feet of Waterfront
  • Lake Front

Parking

  • 2 Car Garage
  • Parking Storage or Cabinetry
  • Garage Door Opener

Interior Spaces

  • 672 Sq Ft Home
  • 1.5-Story Property
  • Wood Burning Stove
  • Family Room
  • Living Room
  • Dining Room
  • Utility Room

Kitchen

  • Range
  • Microwave
  • The kitchen features windows

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Bathroom

Laundry

  • Dryer
  • Washer

Partially Finished Basement

  • Walk-Out Basement
  • Basement Storage

Outdoor Features

  • Deck
  • Porch

Utilities

  • Forced Air Heating System
  • 200+ Amp Service
  • Propane
  • Private Water Source
  • Well

Community Details

  • No Home Owners Association
  • Meadow Bay Point 1St Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 150462000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,826

Year Built

Built in 1981

Lot Details

0

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Window Unit(s)
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: Submersible - 4 Inch, Private, Well
  • Year Built: 1981
  • Above Grade Finished Sq Ft: 672
  • Water Body Name: Little Toad
  • Unit Levels: One and One Half
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: Fiber Optic
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Block, Partially Finished, Storage Space, Walkout
  • Appliances: Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer, Water Softener Owned
  • Living Area: 672
  • Fireplace: No
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Kitchen, Porch, Deck, Bedroom 1, Bathroom, Bedroom 2, Bedroom 3, Family Room, Utility Room

Beds/Baths

  • Total Bedrooms: 3
  • Three Quarter Bathrooms: 1

Exterior Features

  • Roof: Asphalt
  • View: Lake
  • Lake Acres: 434
  • Lake Bottom: Hard,Sand
  • LakeChain: N
  • Elevation Highpoint to Waterfront Feet: 15-26
  • Waterfront Frontage: 180

Garage/Parking

  • Parking Features: Detached, Garage Door Opener, Storage

Utilities

  • Heating: Forced Air, Wood Stove
  • Sewer: Private Sewer, Tank with Drainage Field
  • Electric: 200+ Amp Service
  • Fuel: Propane

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Deck,Dock,Kitchen Window,Patio,Porch,Vaulted Ceiling(s)

Schools

  • Junior High Dist: Frazee-Vergas
  • SchoolDistrictNumber: 23
  • SchoolDistrictPhone: 218-334-3181

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: 180 x 200 x 150 x 166
  • Lot Size Sq Ft: 29620.8
  • Land Lease: No
  • Lot Features: Many Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Fiber Board, Log Siding

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 150462000
  • Tax Annual Amount: 1826
  • TaxWithAssessments: 1886.0000

Multi Family

  • WaterfrontFeatures: Lake Front

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $1,524 $244,400 $114,800 $129,600
2023 $1,524 $220,000 $110,000 $110,000
2022 $1,332 $161,900 $86,900 $75,000
2021 $1,214 $160,200 $86,900 $73,300
2020 $1,302 $160,200 $86,900 $73,300
2019 $1,300 $161,300 $86,900 $74,400
2018 $1,206 $156,000 $86,900 $69,100
2017 $1,298 $132,400 $67,100 $65,300
2016 $1,326 $138,500 $73,400 $65,100
2015 $1,320 $136,500 $73,400 $63,100
2014 -- $151,000 $90,200 $60,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2025 05/01/25 For Sale $470,000 -- $699 / Sq Ft
Source: NorthstarMLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $280,000 None Available
Deed $280,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $224,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $186,000 New Conventional
Previous Owner $188,000 New Conventional
Closed $280,000 No Value Available
Source: Public Records

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Source: NorthstarMLS

MLS Number: 6709720

NorthstarMLS

APN: R150462000