$499,000

40699 Mary Lake Rd Emily, MN 56447

Estimated payment $2,894/month

Total Views 300
1 Bed
2 Baths
1,040 Sq Ft
$480 Price per Sq Ft

Highlights

  • Popular Property
  • Deck
  • No HOA
  • 200 Feet of Waterfront
  • Loft
  • Forced Air Heating and Cooling System

About This Home

Cozy Cabin on Mary Lake – 200' of Prime Lakeshore. Enjoy lake life at its best with this charming cabin just steps from the water! Nestled on nearly 1 acre along 200 feet of level frontage with crystal-clear water and a hard sand beach—ideal for swimming, relaxing, and lake activities. This well-maintained cabin features fresh paint inside and out, along with recent updates including a newer roof, septic system, fence, and mechanicals. The one-bedroom layout includes additional sleeping areas, making it perfect for family getaways or hosting guests. Located on the peaceful eastern shore of Mary Lake, this property was once part of a historic resort and offers stunning sunset views across the water. Whether you're looking for a weekend retreat, a rental opportunity, or a spot to build your dream lake home (with potential to subdivide or add another structure), this parcel provides flexibility and value. Don't miss this unique opportunity to own a slice of lakefront paradise!

Listing Agent

Brent Nordstrom

Lakes Area Realty Listed on: 07/31/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,658

Year Built

  • Built in 1989

Lot Details

  • 0.89 Acre Lot
  • 200 Feet of Waterfront
  • Lake Front
  • Wood Fence
  • Chain Link Fence
  • Irregular Lot
  • Unpaved Streets

Interior Spaces

  • 1,040 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Loft
  • Basement
  • Crawl Space

Kitchen

  • Cooktop
  • Microwave

Bedrooms and Bathrooms

  • 1 Bedroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Propane
  • Well
  • Septic System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 74300521

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,658

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: Well
  • Year Built: 1989
  • Above Grade Finished Sq Ft: 1040
  • Water Body Name: Mary
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Block, Crawl Space
  • Appliances: Cooktop, Dryer, Microwave, Refrigerator, Washer
  • Fireplace Features: Living Room
  • Living Area: 1040
  • Fireplace: Yes
  • Basement YN: Yes
  • Dining Room Type: Kitchen, Living Room, Bedroom 1, Loft, Deck

Beds/Baths

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

Exterior Features

  • Roof: Age 8 Years or Less, Asphalt
  • Fencing: Chain Link, Wood
  • View: Lake, West
  • Other Structures: Storage Shed
  • PatioPorchType: Deck
  • Lake Acres: 412
  • Lake Bottom: Hard,Sand
  • LakeChain: Y
  • Waterfront Frontage: 200
  • Lake Chain Acreage: 1145
  • Lake Chain Name: Emily

Garage/Parking

  • Parking Features: Gravel
  • Garage Square Feet: 0
  • ParkingOpen: 2

Utilities

  • Heating: Forced Air, Fireplace(s)
  • Sewer: Private Sewer, Septic System Compliant - Yes
  • Fuel: Propane

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Crosby-Ironton
  • SchoolDistrictNumber: 182
  • SchoolDistrictPhone: 218-545-8801

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: 200 x 265 x IRR
  • Lot Size Sq Ft: 38768.4
  • Land Lease: No
  • Lot Features: Irregular Lot, Many Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Wood Siding

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 74300521
  • Tax Annual Amount: 1658
  • TaxWithAssessments: 1658.0000

Multi Family

  • WaterfrontFeatures: Lake Front

Map

Range of Values:

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Average Value
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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 $1,552 $379,500 $263,600 $115,900
2023 $2,156 $325,800 $235,700 $90,100
2022 $1,460 $312,100 $215,900 $96,200
2021 $15 $229,400 $169,600 $59,800
2020 $15 $204,200 $141,800 $62,400
2019 $1,534 $174,700 $99,900 $74,800
2018 $1,514 $163,400 $93,700 $69,700
2017 $1,522 $162,000 $93,700 $68,300
2016 $1,622 $166,600 $101,000 $65,600
2015 $1,892 $185,700 $125,000 $60,700
2014 $1,084 $221,600 $159,000 $62,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2025 07/31/25 For Sale $499,000 +8.5% $480 / Sq Ft
11/14/2022 11/14/22 Sold $460,000 -1.1% $442 / Sq Ft
10/04/2022 10/04/22 Pending -- -- --
08/23/2022 08/23/22 Price Changed $464,900 -2.1% $447 / Sq Ft
08/08/2022 08/08/22 Price Changed $474,900 -1.0% $457 / Sq Ft
07/18/2022 07/18/22 Price Changed $479,900 -1.0% $461 / Sq Ft
07/06/2022 07/06/22 Price Changed $484,900 -1.0% $466 / Sq Ft
06/29/2022 06/29/22 Price Changed $489,900 -2.0% $471 / Sq Ft
06/23/2022 06/23/22 Price Changed $499,900 -2.0% $481 / Sq Ft
06/15/2022 06/15/22 For Sale $510,000 -- $490 / Sq Ft
Source: NorthstarMLS

Purchase History

Date Type Sale Price Title Company
Deed $460,000 --
Deed $499,900 --
Warranty Deed $225,000 --
Warranty Deed $225,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $399,920 New Conventional
Source: Public Records

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Source: NorthstarMLS

MLS Number: 6754783

NorthstarMLS

APN: 740302303H20009