Lori Gustafson

48475 197th Avenue

McGregor, MN
$ 509,900 Beds 2 Baths 2 Sq 832 Virtual Tour
Monthly Estimate* How much can I afford?

Set along 50 feet of hard-sand shoreline on Lake Minnewawa, this 2020-built home keeps lake living simple in all the right ways. The one-level layout is comfortable and easy to settle into, with 2 bedrooms and 2 bathrooms, including a primary suite with a walk-in closet and private bath. The main living spaces feel open and bright without being oversized, and everything throughout the home has been exceptionally well kept. An attached garage handles parking and storage, while the additional 24x 36 detached garage and storage shed give you extra space for projects, tools or toys. Down by the water, the lakeside shed is a feature you do not often find and makes it easy to keep chairs, fishing gear, and lake essentials close to the shoreline instead of hauling everything back and forth. From the shoreline to the condition of the home itself, this property has been clearly cared for and is ready for its next chapter without a long to-do list waiting for you.

Single Family

  • Price
  • $ 509,900
  • City
  • McGregor
  • Bedrooms
  • 2
  • Full Bathrooms
  • 2
  • County
  • AITKIN
  • Half Bathrooms
  • 0
  • Area
  • Sheshebe Point
  • Lot Size
  • 0.54 Acres
  • Zip
  • 55760
  • Sqr Footage
  • 832
  • Year Built
  • 2020
  • Taxes
  • $ 2225
  • Style
  • Single Family
  • MLS#
  • 7078379
Listed By: Statement Realty
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 832
Sewer Septic System Compliant - Yes,Tank with Drainage Field
Heating Forced Air
Cooling Central Air
Roof Metal
Appliances Dishwasher,Dryer,Fuel Tank - Owned,Range,Refrigerator,Washer
Garage Spaces 2
Pool Features None
Construction Materials Post and Beam,Frame
Year Built 2020
Electric 200+ Amp Service
Levels One
Property Subtype Single Family
Tax Year 2026
Waterfront Features Lake Front
Accessibility No Stairs Internal
County Aitkin
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Sheshebe Point
Other Structures Garage(s),Storage Shed
Full Baths 1
Directions From McGregor,head north on Hwy 65 to a right on Goshawk (CR 6). Take a left on 188th,Sheshebe Point,and stay to the left to property on left.
City McGregor
High School District McGregor
Zoning Description Shoreline,Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 2225
Additional Parcels Y/N No
Virtual Tour https://www.zillow.com/view-imx/d72dad41-7f8d-49d8-8eab-988157d85387?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard
Standard Status Active
Lender Owned No
Amenities Unit Ceiling Fan(s),Kitchen Window,Primary Bedroom Walk-In Closet,Main Floor Primary Bedroom,Washer/Dryer Hookup
PostalCity McGregor

Interior Features

Basement Crawl Space,Storage Space,Unfinished,Wood
Basement (Y/N) Yes
Fireplace Y/N No
Above Grade Finished Area 832
3/4 Baths 1
Laundry Features Main Level
Total Bedrooms 2
Total Baths 2
Bath Desc Main Floor 3/4 Bath,Main Floor Full Bath
Dining Room Description Kitchen/Dining Room
Foundation Dimensions 26x32
Fuel Propane
Garage Dimensions 27x26
Garage Square Feet 572
Waterfront Feet 50

Exterior Features

Parking Features Attached Garage,Detached Garage,Gravel,Asphalt,Finished Garage,Heated Garage
Lot Features Accessible Shoreline
Water Source Drilled,Well
Lot Size Area 0.54
Building Area Total 832
Lot Dimensions 50x478
Waterfront Y/N Yes
Foundation Area 832
Road Frontage Type Township
Road Responsibility Public Maintained Road

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
Agent Photo

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

5/22/2026 Listed $529,900
7/2/2026 2% - $519,900
8/4/2026 2% - $509,900

Property vs Zip Code Average in 55760

Price
AVG $500K
$510K
Taxes
AVG $1,981
$2,225
Year Built
AVG 1978
2020
Visits
AVG 44
62
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

48475 197th Avenue McGregor, MN is a Single Family Home for sale at $509900 with 832 sqft and a lot size of 0.54 Acres Acre(s). 48475 197th Avenue McGregor has 2 bedrooms, 2 baths and was built in 2020. 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

By pressing Contact Me, you agree that Weichert® may contact you via phone about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. For any other information please read our Privacy Policy