48475 197th Avenue, McGregor, MN 55760
2 Beds | 2 Baths | 832 Sq Ft | Single Family Home | MLS# 7078379
Price Drop on M Markdowns — was $519,900 (↓ $10,000)
Is 48475 197th Avenue a Good Deal?
BuyPulse Verdict
Premium Pricing
At $613/sqft — This home is priced 93% above the typical McGregor single-family home of $318/sqft.
Your Negotiating Position
84 — Strong buyer leverage
Day 145 — McGregor homes overall typically go under contract by day ~16. This one is past that window.
9 similar homes for sale — alternatives if they won't move.
This seller already cut $10,000 — motivation showing.
Powered by the Realgorithm™ — 26 active McGregor listings · NorthstarMLS
$3,065/month Estimated
- Principal & interest
- $2,578
- Property taxes
- $185
- Home insurance (est.)
- $297
- Special assessments
- $5
- HOA dues
- None
20% down ($101,980) · 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
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.
3D Home Tour
BuyPulse™ — Live Market Read
Homes like this one — single-family homes between $382K and $637K 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
- 2020
- Garage
- 2-Car
- Style
- One
- HOA
- None
- Annual Taxes
- $2,225 (2026)
- Specials/yr
- $65
Property Details
- Property Type
- Single Family
- Above Grade Sq Ft
- 832
- Lot Size
- 0.54 acres
- Basement
- Yes
- Roof
- Metal
- Construction
- Post and Beam, Frame
- County
- Aitkin
- List Date
- 2026-05-21
- Days on Market
- 145 days
- Parcel ID
- 291155200
Financial
- Total Tax incl. Assessments
- $2,290
- Specials Pending
- No
Home Systems & Utilities
- Heating
- Forced Air
- Cooling
- Central Air
- Electric
- 200+ Amp Service
- Water
- Drilled, Well
- Sewer
- Septic System Compliant - Yes, Tank with Drainage Field
- Appliances
- Dishwasher, Dryer, Fuel Tank - Owned, Range, Refrigerator, Washer
Interior Features
- Laundry
- Main Level
Construction & Exterior
Construction & Structure
- Foundation Type
- Slab, Wood
- Foundation Area
- 832 sqft
- Total Building Area
- 832 sqft
Exterior Features
- Exterior Features
- Vinyl
- Pool
- Yes
- Other Structures
- Garage(s), Storage Shed
- Accessibility Features
- No Stairs Internal
Parking & Garage
- Parking Features
- Attached Garage, Detached Garage, Gravel, Asphalt, Finished Garage, Heated Garage
Lot & Land
- Lot Features
- Accessible Shoreline
- Road Surface
- Township
- Zoning Description
- Shoreline,Residential-Single Family
Waterfront
- Waterfront
- Yes
Agent & Office
- List Office
- Statement Realty
Price History
Reduced $10,000 (1.9%)
- Price reduced to $519,900 — Jul 2, 2026
- Price reduced to $509,900 — Aug 4, 2026
48475 197th Avenue is listed in McGregor, MN, part of Aitkin County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 48475 197th Avenue
Associate Broker · Modern Market REALTORS®
Your McGregor real estate expert since 2012 — I represent you, not the seller. Quick to respond, easy to text.
Listed by Statement Realty · Shown by Modern Market REALTORS®
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View Full Listing & PhotosMLS# 7078379 · Data refreshed August 4, 2026
Similar Homes for Sale Near 48475 197th Avenue, McGregor, MN
Frequently Asked Questions About 48475 197th Avenue
- Is $509,900 a good price for a home in McGregor?
- According to BuyPulse, 48475 197th Avenue rates Premium Pricing — at $613/sqft it's priced 93% above the typical McGregor single-family home of $318/sqft. Its negotiating-position score is 84/100 (Strong buyer leverage), 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 48475 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 $2,225/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 48475 197th Avenue have a basement?
- Yes, 48475 197th Avenue has a basement.
- What type of heating and cooling does 48475 197th Avenue have?
- 48475 197th Avenue has Forced Air heating and Central Air cooling.
- Where is 48475 197th Avenue located?
- 48475 197th Avenue is in the Sheshebe Point neighborhood of McGregor, MN 55760, in Aitkin County.
- Is 48475 197th Avenue still available?
- Yes — 48475 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 48475 197th Avenue built?
- 48475 197th Avenue was built in 2020. It features post and beam, frame construction, a metal roof, and a slab, wood foundation.
- Does 48475 197th Avenue have main-floor laundry?
- Yes — the laundry at 48475 197th Avenue is on the main level.
- How walkable is 48475 197th Avenue?
- 48475 197th Avenue has a Walk Score of 0/100 (Car-Dependent) and a Bike Score of 18/100 (Minimal Bike Infrastructure). Scores provided by Walk Score® →
- How many homes like 48475 197th Avenue are for sale in McGregor?
- 9 similar homes (single-family homes between $382K and $637K in McGregor) are for sale right now — a short list right now.
- What does "M Markdowns" mean?
- M Markdowns™ is Modern Market REALTORS®’ real estate tracker of homes for sale with verified MLS price reductions across the Fargo-Moorhead metro and Minnesota lake country. Every reduction is sourced directly from NorthstarMLS — minimum $2,000 drop to filter noise.
- 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, 8:29 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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