$360,000
SOLD JUN 30, 2025

49136 Riverside Ln Waterville, MN 56096

2 Beds
1 Bath
992 Sq Ft
0.28 Acres

Recently Sold

$363 Per Sq Ft

16% Below List Price

14 Days on Market

Highlights

  • 85 Feet of Waterfront
  • Deck
  • Eat-In Kitchen
  • Beach Access
  • No HOA
  • Living Room

About This Home

As of June 2025

Check out this rare North Shore gem on Tetonka Lake! Nestled on the coveted private part of desirable Tetonka Lake, this charming year-round lake home offers the perfect blend of rustic character, peaceful surroundings, and untapped potential. With only two owners in its history, this beloved property exudes warmth and a “cabin-at-the-lake” vibe that invites you to slow down and soak it all in.
Step inside to find soaring vaulted ceilings, a cozy wood burning fireplace, a large kitchen island for gathering, and an open-concept layout where the kitchen, great room, and deck space flow seamlessly, framed by breathtaking lake views. The wall of windows and sliding doors lead to a spacious, nearly wraparound deck where morning coffee or evening sunsets are simply unforgettable.
Two cozy bedrooms and a 3/4 bath complete the main level, while the unfinished walkout basement offers the chance to nearly double your square footage. It's ready for a future bedroom, bath, and bonus living space, imagine the possibilities! Following the Waterville flooding, the lower level was professionally cleaned and gutted, providing a fresh slate for your dream design. Whether you're envisioning a cozy retreat, a modern update, or a multi-generational getaway, this home is ready to rise to the occasion. Tucked away in a quiet and desirable location, you're just minutes from the heart of Waterville, a short hop to Elysian, and an easy commute to Mankato or Faribault. Here, life feels like a getaway...but it’s home!

Last Agent to Sell the Property

Hailey Warner

eXp Realty Listed on: 05/16/2025

eXp Realty

Co-Listed By

Parker Pemberton

eXp Realty

Last Buyer's Agent

Evan Knutson

Weichert, REALTORS- Heartland

Weichert, REALTORS- Heartland

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,078

Year Built

  • Built in 1962

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 85x155
  • 85 Feet of Waterfront
  • Lake Front

Home Design

  • Pitched Roof

Interior Spaces

  • 992 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Living Room
  • Unfinished Basement
  • Walk-Out Basement
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Outdoor Features

  • Beach Access
  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Propane
  • Shared Water Source
  • Well

Community Details

  • No Home Owners Association
  • Raedeke Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 146410040

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,078

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: Shared System, Well
  • Year Built: 1962
  • Above Grade Finished Sq Ft: 992
  • Water Body Name: Tetonka
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • FoundationDimensions: 992
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Block, Unfinished, Walkout
  • Fireplace Features: Wood Burning
  • Living Area: 992
  • Fireplace: Yes
  • Basement YN: Yes
  • Dining Room Type: Living Room, Kitchen, Bedroom 1, Bedroom 2, Deck, Laundry

Beds/Baths

  • Total Bedrooms: 2
  • Three Quarter Bathrooms: 1

Exterior Features

  • Roof: Asphalt, Pitched
  • View: North
  • PatioPorchType: Deck
  • Lake Acres: 1357
  • LakeChain: N
  • Waterfront Frontage: 85

Garage/Parking

  • Parking Features: Asphalt
  • ParkingOpen: 1

Utilities

  • Heating: Forced Air
  • Sewer: Private Sewer
  • Electric: Circuit Breakers
  • Fuel: Propane

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Deck

Schools

  • Junior High Dist: Waterville-Elysian-Morristown
  • SchoolDistrictNumber: 2143
  • SchoolDistrictPhone: 507-275-3115

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: 85x155
  • Lot Size Sq Ft: 12283.92
  • Land Lease: No
  • Lot Features: Accessible Shoreline, Some Trees
  • Additional Parcels: No
  • Zoning Description: Shoreline,Residential-Single Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Wood Siding

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 146410040
  • Tax Annual Amount: 3078
  • TaxWithAssessments: 4100.0000

Multi Family

  • WaterfrontFeatures: Lake Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2025
Closed on
Jun 30, 2025
Sold by
Bokelmann Melodee Lynn
Bought by
Malecha Ali and Malecha William
Seller's Agent
Hailey Warner
eXp Realty
Buyer's Agent
Evan Knutson
Weichert, REALTORS- Heartland
List Price
$429,000
Sold Price
$360,000
Premium/Discount to List
-$69,000
-16.08%
Views
23

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
101.33%
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
Warranty Deed $360,000 On-Site Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $30,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2025 06/30/25 Sold $360,000 -16.1% $363 / Sq Ft
05/30/2025 05/30/25 Pending -- -- --
05/16/2025 05/16/25 For Sale $429,000 -- $432 / 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 $3,798 $350,800 $225,600 $125,200
2024 $4,100 $359,700 $225,600 $134,100
2023 $3,090 $356,500 $225,600 $130,900
2022 $2,608 $338,000 $215,000 $123,000
2021 $2,488 $251,000 $150,000 $101,000
2020 $2,504 $233,300 $142,000 $91,300
2019 $2,446 $217,100 $132,140 $84,960
2018 $2,431 $202,900 $130,784 $72,116
2017 $1,925 $212,500 $142,000 $70,500
2016 $1,894 $217,500 $147,000 $70,500
2015 $1,879 $217,500 $147,000 $70,500
2014 $1,803 $217,500 $147,000 $70,500
2013 $1,820 $222,800 $147,000 $75,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6715548

NorthstarMLS

APN: 14.641.0040