49136 Riverside Ln Waterville, MN 56096
2
Beds
1
Bath
992
Sq Ft
0.28
Acres
Highlights
- 85 Feet of Waterfront
- Deck
- Eat-In Kitchen
- Beach Access
- No HOA
- Living Room
About This Home
As of June 2025Check 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!
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
Similar Homes in Waterville, MN
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Home Values in the Area
Average Home Value in this Area
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $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
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 | $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
-
Hailey Warner
Seller's Agent in 2025
Hailey Warner
eXp Realty
(507) 210-1625
114 Total Sales
-
Parker Pemberton
Seller Co-Listing Agent in 2025
Parker Pemberton
eXp Realty
(952) 254-4348
1,139 Total Sales
-
Evan Knutson
Buyer's Agent in 2025
Evan Knutson
Weichert, REALTORS- Heartland
(507) 210-9140
256 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6715548
APN: 14.641.0040
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