$549,900
SOLD MAY 23, 2025

48409 197th Ave McGregor, MN 55760

3 Beds
2.5 Baths
2,100 Sq Ft
0.55 Acres

Recently Sold

$262 Per Sq Ft

23 Days on Market

Highlights

  • 68 Feet of Waterfront
  • Bonus Room
  • The kitchen features windows
  • Beach Access
  • No HOA
  • Living Room

About This Home

As of May 2025

**Offer Deadline-12pm on Sunday April 27, 2025** One step inside this clean and updated lake home and you won't want to leave. The main level beams with natural light! Who needs a TV when you have views of Lake Minnewawa from every room? The kitchen is well equipped with plenty of counterspace and cupboards. The large island is great for entertaining, and you will love the stainless-steel appliances and gas stove. The open floor plan with three large sliding glass doors leading out to the deck creates a harmonious blend of indoor and outdoor spaces. The main floor primary suite boasts the same amazing lake views and has a large bathroom and walk in closet. Come right in off the lake into the lower level where there are two nice sized bedrooms, a full bath and bonus room. The cozy family room centered around a fireplace is the perfect spot to hang out. Boat to several bars and restaurants and enjoy hours on the lake. Come home to your amazing firepit for smores and conversation. A detached garage and small storage shed round out this turnkey property.

Last Agent to Sell the Property

Kari Horbacz

Statement Realty Listed on: 04/19/2025

Last Buyer's Agent

Betty Christian

Christian Realty North

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,769

Year Built

  • Built in 1987

Lot Details

  • 0.55 Acre Lot
  • Lot Dimensions are 68x503x33x519
  • 68 Feet of Waterfront
  • Lake Front
  • Partially Fenced Property
  • Chain Link Fence

Parking

  • 2 Car Garage

Home Design

  • Bi-Level Home

Interior Spaces

  • Central Vacuum
  • Family Room with Fireplace
  • Living Room
  • Combination Kitchen and Dining Room
  • Bonus Room
  • Finished Basement
  • Walk-Out Basement

Kitchen

  • Range
  • Dishwasher
  • The kitchen features windows

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Beach Access

Utilities

  • Forced Air Heating and Cooling System
  • Propane
  • Private Water Source
  • Well
  • Drilled Well
  • Septic System

Community Details

  • No Home Owners Association
  • Sheshebe Point Subdivision

Listing and Financial Details

  • Assessor Parcel Number 291152100

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,769

Year Built

Built in 1987

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
  • Fireplaces: 1
  • Water Source: Drilled, Private, Well
  • Year Built: 1987
  • Above Grade Finished Sq Ft: 1140
  • Water Body Name: Minnewawa
  • Unit Levels: Split Entry (Bi-Level)
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: Cable,Fiber Optic
  • FoundationDimensions: 24x40
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Finished, Walkout
  • Appliances: Central Vacuum, Dishwasher, Dryer, Range, Refrigerator, Washer
  • Fireplace Features: Family Room, Gas
  • Living Area: 2100
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 960
  • Basement YN: Yes
  • Dining Room Type: Kitchen, Living Room, Dining Room, Bedroom 1, Family Room, Bedroom 2, Bedroom 3, Bonus Room

Beds/Baths

  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Three Quarter Bathrooms: 1

Exterior Features

  • Roof: Asphalt
  • PoolFeatures: None
  • Fencing: Chain Link, Partial
  • Other Structures: Storage Shed
  • ConstructionMaterialsDesc: Block
  • PatioPorchType: Deck,Porch,Rear Porch
  • Lake Acres: 2451
  • Lake Bottom: Hard,Sand
  • LakeChain: N
  • Elevation Highpoint to Waterfront Feet: 4-10
  • Waterfront Frontage: 68

Garage/Parking

  • Parking Features: Detached, Asphalt, Shared Driveway
  • Garage Square Feet: 704

Utilities

  • Heating: Forced Air, Fireplace(s)
  • Sewer: Holding Tank, Septic System Compliant - Yes
  • Fuel: Propane
  • Power Company: Lake Country Power

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Dock,Kitchen Center Island,Kitchen Window,Primary Bedroom Walk-In Closet,Patio,Porch,Vaulted Ceiling(s)

Schools

  • Junior High Dist: McGregor
  • SchoolDistrictNumber: 4
  • SchoolDistrictPhone: 218-768-2111

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: 68x503x33x519
  • Lot Size Sq Ft: 24045.12
  • Land Lease: No
  • Lot Features: Accessible Shoreline, Many Trees
  • Additional Parcels: No
  • Zoning Description: Shoreline,Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 291152100
  • Tax Annual Amount: 2769
  • TaxWithAssessments: 2834.0000

Multi Family

  • WaterfrontFeatures: Lake Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2025
Closed on
May 23, 2025
Sold by
Jedlicka Janet and The Jane Ann Aitken Trust Dated 1/99
Bought by
Correll Mark and Correll Carrie
Seller's Agent
Kari Horbacz
Statement Realty
Buyer's Agent
Betty Christian
Christian Realty North
List Price
$549,900
Sold Price
$549,900
Views
40
Current Estimated Value
$558,737

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,837
Avg. Annual Appreciation
4.69%
Original Mortgage
$544,900
Outstanding Balance
$543,935
Interest Rate
6.62%
Mortgage Type
New Conventional
Estimated Equity
$13,068

Purchase Details

Closed on
Apr 16, 2021
Sold by
Carleton John John
Bought by
Aitken Jane Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,000
Interest Rate
3.04%

Purchase Details

Closed on
Aug 1, 2006
Bought by
Abrahamson James D and Abrahamson Kathleen A
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Deed $549,900 --
Deed $430,000 --
Warranty Deed $412,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $544,900 New Conventional
Previous Owner $427,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/23/2025 05/23/25 Sold $549,900 0.0% $262 / Sq Ft
05/12/2025 05/12/25 Pending -- -- --
04/19/2025 04/19/25 For Sale $549,900 -- $262 / 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 $3,130 $523,600 $220,700 $302,900
2024 $2,769 $504,800 $225,800 $279,000
2023 $2,828 $458,500 $192,200 $266,300
2022 $2,302 $415,100 $143,900 $271,200
2021 $2,020 $291,300 $111,500 $179,800
2020 $2,064 $253,100 $111,500 $141,600
2019 $1,996 $252,200 $111,500 $140,700
2018 $2,334 $237,700 $111,500 $126,200
2017 $2,302 $237,700 $111,500 $126,200
2016 $2,358 $233,800 $107,600 $126,200
2014 $2,209 $235,100 $107,600 $127,500
2012 $22 $260,200 $124,700 $135,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6705674

NorthstarMLS

APN: 29-1-152100