Lori Gustafson

48525 194th Place

McGregor, MN
$ 384,900 Beds 2 Baths 1 Sq 977
Monthly Estimate* How much can I afford?

Lake Minnewawa is the setting for this well-kept, year-round 2-bedroom, 1-bath home located along a quiet bay. The one-level layout keeps things simple, while the lakeside deck, hot tub and firepit offer plenty of ways to enjoy the outdoors and take in the evening sunsets. A detached garage provides room for boats, ATVs and lake gear, along with a workbench area, new mini split and metal roof. Spend summer days boating and fishing, then come back for fall colors, snowmobile and ATV season, or a day of ice fishing. With a different view outside the window as the seasons change, this is a place you can enjoy all year long.

Single Family

  • Price
  • $ 384,900
  • City
  • McGregor
  • Bedrooms
  • 2
  • Full Bathrooms
  • 1
  • County
  • AITKIN
  • Half Bathrooms
  • 0
  • Area
  • SHESHEBE POINT
  • Lot Size
  • 0.37 Acres
  • Zip
  • 55760
  • Sqr Footage
  • 977
  • Year Built
  • 1960
  • Taxes
  • $ 1973
  • Style
  • Single Family
  • MLS#
  • 7046836
Listed By: Statement Realty
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 977
Sewer Mound Septic,Septic System Compliant - Yes
Heating Forced Air
Cooling None
Roof Asphalt
Appliances Microwave,Range,Refrigerator
Garage Spaces 2
Year Built 1960
Electric 100 Amp Service
View Bay,West
Levels One
Property Subtype Single Family
Tax Year 2026
Waterfront Features Lake Front
Accessibility None
County Aitkin
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name SHESHEBE POINT
Directions From McGregor,North on Hwy 65,Right on Goshawk St,Left on 188th Ave,at Y,Right on 486th St,Right on 194th Pl,Sign and property on left
City McGregor
High School District McGregor
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 1973
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
Amenities Unit Deck,Dock,Kitchen Window,Natural Woodwork,Patio,Tile Floors
PostalCity McGregor

Interior Features

Basement Partial
Basement (Y/N) Yes
Above Grade Finished Area 977
3/4 Baths 1
Total Bedrooms 2
Total Baths 1
Bath Desc Main Floor 3/4 Bath
Dining Room Description Breakfast Bar,Kitchen/Dining Room,Separate/Formal Dining Room
Foundation Dimensions irregular
Fuel Oil,Propane
Garage Dimensions 22x22
Garage Square Feet 484
Waterfront Feet 50

Exterior Features

Fencing Wood
Parking Features Detached Garage,Gravel,Shared Driveway,Garage Door Opener
Lot Features Tree Coverage - Medium
Water Source Sand Point
Lot Size Area 0.37
Building Area Total 977
Lot Dimensions 50x316x50x317
Waterfront Y/N Yes
Foundation Area 977
Road Frontage Type No Outlet/Dead End,Township

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Faribault, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

4/1/2026 Listed $399,900
9/10/2026 4% - $384,900

Property vs Zip Code Average in 55760

Price
AVG $500K
$380K
Taxes
AVG $1,981
$1,973
Year Built
AVG 1978
1960
Visits
AVG 44
71
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

48525 194th Place McGregor, MN is a Single Family Home for sale at $384900 with 977 sqft and a lot size of 0.37 Acres Acre(s). 48525 194th Place McGregor has 2 bedrooms, 1 baths and was built in 1960. The property's zip code is 55760 which is in McGregor, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Lori Gustafson

Lori Gustafson

Broker Associate/Sales Agent

507-323-4348

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