4365 40th St SW Waverly, MN 55390
Estimated payment $4,197/month
Highlights
- Home fronts a creek
- No HOA
- Forced Air Heating System
- 1,742,400 Sq Ft lot
- Zoned For Horses
About This Home
Located just 1.5 miles north of Waverly, this property earns its name from the unique presence of Twelve Mile Creek, which meanders entirely through the land. Originating from Waverly and Little Waverly Lakes, the creek flows through a scenic wooded corridor before ultimately connecting to the North Fork Crow River approximately half a mile to the north. These wooded creek and river corridors serve as habitat corridors for wildlife, and it shows. Deer sign, turkey tracks, actual turkeys, and ducks were seen on the property. With this kind of natural setting, you can literally hunt right out your back door. Given the connection to both lakes and a river system, it's entirely possible that fish species occasionally travel through the creek as well. On either side of the wooded creek corridor lies productive tillable ground, about 26 total acres with a solid CPI rating of 79.6. The eastern field, just over 6 acres, is a great candidate for a larger food plot setup. The tillable land is currently rented for the 2025 crop season, and the tenant will be allowed to harvest the crops. After that, the new owner has full flexibility—keep it in production, convert it to pasture for horses, or design and convert it into more habitat. The farm site includes an older farmhouse with just under 2,000 finished square feet, featuring three bedrooms and one bath, along with additional rooms that could easily serve as extra bedrooms or an office. If you desire a new or larger home, there is plenty of space to build your dream home off the asphalt county road. The existing septic system was updated in 2016 and is sized for a 4-bedroom home, and there’s a drilled well already in place. One of the real highlights here is the impressive 80' x 45' fully concrete shop. The front includes a covered porch; inside, half the space is heated, while the other half has in-floor PEX lines already installed for future heat if desired. The seller previously used the heated portion for machine work—it’s clean, functional, and includes in-floor heat, water, and plumbing stubbed in for a toilet. Additional outbuildings include a lean-to and a detached 2-car garage, providing even more space for gear, equipment, or toys. Welcome to the country!!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,416
Year Built
- Built in 1910
Lot Details
- 40 Acre Lot
- Lot Dimensions are 1320 x 1320 x 1320 x 1320
- Home fronts a creek
Parking
- 2 Car Garage
- Insulated Garage
Interior Spaces
- 1,980 Sq Ft Home
- 2-Story Property
- Basement
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Utilities
- Forced Air Heating System
- Heating System Uses Oil
- Drilled Well
Additional Features
- Tillable Land
- Zoned For Horses
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 211000291200
Map
Home Values in the Area
Average Home Value in this Area
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 | $2,416 | $635,400 | $448,700 | $186,700 |
| 2024 | $2,342 | $604,000 | $436,500 | $167,500 |
| 2023 | $2,208 | $597,800 | $433,000 | $164,800 |
| 2022 | $2,336 | $501,100 | $350,000 | $151,100 |
| 2021 | $2,332 | $451,500 | $313,200 | $138,300 |
| 2020 | $2,240 | $426,300 | $290,300 | $136,000 |
| 2019 | $1,962 | $255,400 | $0 | $0 |
| 2018 | $1,818 | $117,100 | $0 | $0 |
| 2017 | $2,082 | $360,600 | $0 | $0 |
| 2016 | $2,140 | $0 | $0 | $0 |
| 2015 | $2,096 | $0 | $0 | $0 |
| 2014 | -- | $0 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/11/2025 08/11/25 | Price Changed | $750,000 | -11.8% | $379 / Sq Ft |
| 06/04/2025 06/04/25 | For Sale | $850,000 | -- | $429 / Sq Ft |
Source: NorthstarMLS
MLS Number: 6733477
APN: 211-000-291200
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