48405 197th Avenue, McGregor, MN 55760
3 Beds | 2 Baths | 1,408 Sq Ft | Single Family Home | MLS# 7157215
Is 48405 197th Avenue a Good Deal?
BuyPulse Verdict
Strong Value
At $313/sqft — This home is priced right at the typical McGregor single-family home of $318/sqft.
Your Negotiating Position
40 — Seller-leaning market
Day 4 — McGregor homes overall typically go under contract by day ~16, so this one is early in its window.
9 similar homes for sale — alternatives if they won't move.
Powered by the Realgorithm™ — 26 active McGregor listings · NorthstarMLS
$2,640/month Estimated
- Principal & interest
- $2,225
- Property taxes
- $153
- Home insurance (est.)
- $257
- Special assessments
- $5
- HOA dues
- None
20% down ($88,000) · 30-yr fixed, 6.5% · Can I afford this home?
Includes special assessments — the FM-metro cost most portals leave out. Estimates only; confirm before you offer.
Located in Sheshebe Point, McGregor, MN.
About This Home
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.
3D Home Tour
BuyPulse™ — Live Market Read
Homes like this one — single-family homes between $330K and $550K in McGregor:
- The field: 9 similar McGregor homes for sale — a short list right now.
Powered by the Realgorithm™ — real McGregor closings, zero guesses · NorthstarMLS
Key Features
- Built
- 1987
- Garage
- 2-Car Detached
- Style
- Two
- HOA
- None
- Annual Taxes
- $1,833 (2026)
- Specials/yr
- $65
Property Details
- Property Type
- Single Family
- Above Grade Sq Ft
- 704
- Below Grade Sq Ft
- 704
- Lot Size
- 0.548 acres
- Basement
- Yes
- Roof
- Asphalt
- Construction
- Frame
- County
- Aitkin
- List Date
- 2026-10-08
- Days on Market
- 4 days
- Parcel ID
- 291151900
Financial
- Total Tax incl. Assessments
- $1,898
- Specials Pending
- No
Home Systems & Utilities
- Heating
- Other, Wood Stove
- Cooling
- None
- Water
- Drilled, Private
- Sewer
- Septic System Compliant - Yes, Tank with Drainage Field
- Appliances
- Range, Refrigerator
Interior Features
- Laundry
- In Basement, Washer Hookup
- Fireplace
- 1 fireplace
Construction & Exterior
Construction & Structure
- Foundation Type
- Block
- Foundation Area
- 704 sqft
- Total Building Area
- 1,408 sqft
Exterior Features
- Exterior Features
- Wood
- Pool
- Yes
- Accessibility Features
- None
Parking & Garage
- Parking Features
- Detached Garage, Gravel
Lot & Land
- Lot Features
- Accessible Shoreline, Tree Coverage - Medium
- Road Surface
- Township
- Zoning Description
- Shoreline,Residential-Single Family
Waterfront
- Waterfront
- Yes
Agent & Office
- List Office
- Statement Realty
Price History
Listed at $440,000 on Oct 8, 2026 — No price changes
48405 197th Avenue is listed in McGregor, MN, part of Aitkin County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 48405 197th Avenue
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Listed by Statement Realty · Shown by Modern Market REALTORS®
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View Full Listing & PhotosMLS# 7157215 · Data refreshed October 11, 2026
Similar Homes for Sale Near 48405 197th Avenue, McGregor, MN
Frequently Asked Questions About 48405 197th Avenue
- Is $440,000 a good price for a home in McGregor?
- According to BuyPulse, 48405 197th Avenue rates Strong Value — at $313/sqft it's priced right at the typical McGregor single-family home of $318/sqft. Its negotiating-position score is 40/100 (Seller-leaning market), weighed on days on market, comparable inventory, and how McGregor homes are closing versus list. Powered by the Realgorithm™. Browse McGregor homes for sale to compare.
- What are the special assessments at 48405 197th Avenue — and what do they mean?
- This property has $65/yr in annual special assessments, with no specials pending. Special assessments are separate from property taxes — they are charges levied by the city for infrastructure improvements like streets, water, sewer, and sidewalks. Annual property taxes are $1,833/yr. Always factor both into your total monthly housing cost before making an offer.
What special assessments cost in Fargo-Moorhead — live figures on every home for sale.
- Does 48405 197th Avenue have a basement?
- Yes, 48405 197th Avenue has a finished basement with 704 sq ft of below-grade space.
- What type of heating and cooling does 48405 197th Avenue have?
- 48405 197th Avenue has Other, Wood Stove heating and None cooling.
- Where is 48405 197th Avenue located?
- 48405 197th Avenue is in the Sheshebe Point neighborhood of McGregor, MN 55760, in Aitkin County.
- Is 48405 197th Avenue still available?
- Yes — 48405 197th Avenue is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
- When was 48405 197th Avenue built?
- 48405 197th Avenue was built in 1987. It features frame construction, an asphalt roof, and a block foundation.
- Does 48405 197th Avenue have main-floor laundry?
- No — the laundry at 48405 197th Avenue is in the lower level.
- How walkable is 48405 197th Avenue?
- 48405 197th Avenue has a Walk Score of 0/100 (Car-Dependent) and a Bike Score of 25/100 (Minimal Bike Infrastructure). Scores provided by Walk Score® →
- How many homes like 48405 197th Avenue are for sale in McGregor?
- 9 similar homes (single-family homes between $330K and $550K in McGregor) are for sale right now — a short list right now.
- What does "BuyPulse" mean?
- BuyPulse™ is Modern Market REALTORS®’ live market-data brand for Fargo-Moorhead: cohort statistics — homes for sale, median days to pending, and share of sales closing at or over list price — computed from real NorthstarMLS closings, not estimates.
- What does "Realgorithm™" mean?
- The Realgorithm™ is Modern Market REALTORS®’ proprietary market-data engine — it computes every BuyPulse verdict from real NorthstarMLS closings (comparable active inventory, median days to pending, and sale-to-list price ratio) rather than an automated online estimate.
Local Companies to Help You Settle In
From inspection to closing to moving day, here are well-known local companies serving the McGregor area.
Listings courtesy of NorthstarMLS as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 10/13/2026, 1:17 AM CDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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