Date
Details
Price
Change
Source
10/08/2026
Listed
$440,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$440,000 Just Listed
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Property Description
Enjoy year-round living on Lake Minnewawa with 70 feet of nice shoreline, gradual elevation to the water, and a beautiful yard shaded by mature trees. This 3-bedroom, 2-bath home features a comfortable living room with a fireplace and a family room with a walkout basement. A lakeside deck with great views of the water can be accessed from the living room and dining room making indoor and outdoor living seamless. One bedroom and full bath are located on the main floor, while the walkout lower level has a family room and two additional bedrooms, including one with direct access to the lakeside patio. The gently sloping yard leads down to the water's edge, with plenty of space to enjoy the outdoors and spend evenings around a fire. A detached two-stall garage has an unfinished bonus room above, adding extra space for storage or future use. Plenty of space to make this place your own and enjoy lake life for years to come.
Full Property Details
Full Property Details for 48405 197th Ave
General
- Price: $440,000
- Taxes: $1,833 (2026)
- Status: Active
- Type: Single Family
- Source: NorthStarMLS_RMLS
- MLS ID: 7157215
- Updated: 10/9/2026
- Added to Site: 1 day(s) ago
Interior
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Wood-Burning
- Appliances: Range, Refrigerator
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 1
- 3/4 Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Dining Room: Kitchen/Dining Room
- Formal Dining Room: Kitchen/Dining Room
- Laundry: In Basement, Washer Hookup, In Basement, Washer Hookup
Additional Information
- Amenities: Ceiling Fan(s), Deck, Kitchen Window, Patio
Exterior
- Porch/Patio/Deck: Deck, Patio
Parking
- Garage: Yes
- Garage Description: 24 x 28
- Garage Spaces: 2
- Parking Features: Detached Garage, Gravel
Location
- County: Aitkin
- Township: McGregor
- Subdivision: Sheshebe Point
- Driving Directions: From McGregor head north on Hwy 65 to a right on CR 6 (Goshawk) to a left on 188th, stay to the left to property on 197th
School Information
- School District: 4 - McGregor
- High School District: McGregor
Heating & Cooling
- Cooling Type: None
- Heating Type: Other, Wood Stove
- Heating Fuel: Propane, Wood
Utilities
- Sewer: Septic System Compliant - Yes, Tank with Drainage Field
- Water: Drilled, Private
Structural Information
- Exterior Const.: Block
- Basement: Yes
- Finished basement: Yes
- Basement Desc.: Finished, Full, Walk-Out
- Foundation Size: 704
- Roof: Asphalt
- Disability Access: None
- Square Feet: 1,408
- Above Ground: 704 Sq. Ft.
- Below Ground: 704 Sq. Ft.
- Finished Down/Base.: 1,408 Sq. Ft.
- Year Built: 1987
Lot Features
- Lot Size (Acres): 0.548
- Lot Dimensions: 70 x 480
- Frontage: Township
- Zoning: Shoreline, Residential-Single Family
- Lot Description: Accessible Shoreline, Medium Tree Coverage
Water Features
- Water Front Desc.: Lakefront
- Water Front Feet: 70
- Water Front Elev.: 4-10
- Lake Front: Yes
- Lake Bottom: Hard, Rocky, Sand
Financial Considerations
- Tax Amount: $1,833
- Tax Year: 2026
- Terms: Conventional, Cash
Disclosures and Reports
- Legal Description: LOT 90
- Property ID: 291151900
Listed by Statement Realty
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NMLS#: 1598647
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Schools
Schools serving 48405 197th Ave
School District:McGregor Public School District
| Name | Grades | Distance |
|---|---|---|
Mcgregor Elementary School 148 South 2nd Street, McGregor, MN 55760 | PK-6 | 7.4 mi |
Mcgregor Secondary 148 South 2nd Street, McGregor, MN 55760 | 7-12 | 7.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 48405 197th Ave
Tax History
Tax History for 48405 197th Ave
Year
Property Taxes
Change
Tax Assessment
Change
2026
$1,833
-1%
$342,600
-4%
2024
$1,843
12%
$357,200
2%
2024
$1,643
10%
$351,300
13%
2023
$1,487
8%
$311,800
17%
2022
$1,379
3%
$265,600
38%
2021
$1,339
-2%
$191,900
5%
2020
$1,365
1%
$183,500
1%
2019
$1,353
3%
$182,300
3%
2018
$1,319
5%
$176,300
—
2017
$1,261
-4%
$176,300
2%
2016
$1,313
—
$172,400
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 48405 197th Ave
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48405 197th Avenue, McGregor, MN 55760 (MLS# 7157215) is a Single Family property with 3 bedrooms, 1 full bathroom and 1 partial bathroom. 48405 197th Avenue is currently listed for $440,000 and was received on October 08, 2026. Want to learn more about 48405 197th Avenue? Do you have questions about finding other Single Family real estate for sale in McGregor? You can browse all McGregor real estate or contact a Coldwell Banker agent to request more information.