48525 194th Place, McGregor, MN 55760
2 Beds | 1 Bath | 977 Sq Ft | Single Family Home | MLS# 7046836
Is 48525 194th Place a Good Deal?
BuyPulse Verdict
Premium Pricing
At $394/sqft — This home is priced 24% above the typical McGregor single-family home of $318/sqft.
Your Negotiating Position
76 — Strong buyer leverage
Day 194 — McGregor homes overall typically go under contract by day ~16. This one is past that window.
5 similar homes for sale — alternatives if they won't move.
Powered by the Realgorithm™ — 26 active McGregor listings · NorthstarMLS
$2,340/month Estimated
- Principal & interest
- $1,946
- Property taxes
- $164
- Home insurance (est.)
- $225
- Special assessments
- $5 + pending
- HOA dues
- None
20% down ($76,980) · 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
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.
BuyPulse™ — Live Market Read
Homes like this one — single-family homes between $289K and $481K in McGregor:
- The field: 5 similar McGregor homes for sale — a short list right now.
Powered by the Realgorithm™ — real McGregor closings, zero guesses · NorthstarMLS
Key Features
- Built
- 1960
- Garage
- 2-Car Detached
- Style
- One
- HOA
- None
- Annual Taxes
- $1,973 (2026)
- Specials/yr
- $65 + pending
Property Details
- Property Type
- Single Family
- Above Grade Sq Ft
- 977
- Lot Size
- 0.37 acres
- Basement
- Yes
- Roof
- Asphalt
- County
- Aitkin
- List Date
- 2026-04-01
- Days on Market
- 194 days
- Parcel ID
- 291158100
Financial
- Total Tax incl. Assessments
- $2,038
- Specials Pending
- Yes
Home Systems & Utilities
- Heating
- Forced Air
- Cooling
- None
- Electric
- 100 Amp Service
- Water
- Sand Point
- Sewer
- Mound Septic, Septic System Compliant - Yes
- Appliances
- Microwave, Range, Refrigerator
Construction & Exterior
Construction & Structure
- Foundation Type
- Block
- Foundation Area
- 977 sqft
- Total Building Area
- 977 sqft
Exterior Features
- Exterior Features
- Vinyl
- Fenced Area
- Yes
- View
- Bay, West
- Accessibility Features
- None
Parking & Garage
- Parking Features
- Detached Garage, Gravel, Shared Driveway, Garage Door Opener
Lot & Land
- Lot Features
- Tree Coverage - Medium
- Road Surface
- No Outlet/Dead End, Township
- Zoning Description
- Residential-Single Family
Waterfront
- Waterfront
- Yes
Agent & Office
- List Office
- Statement Realty
Price History
- Price reduced to $384,900 — Sep 10, 2026
48525 194th Place is listed in McGregor, MN, part of Aitkin County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 48525 194th Place
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®
First-Time Home Buyer Guide for Fargo-Moorhead — ND/MN buyer programs, budgeting, and the 7-step process.
View Full Listing & PhotosMLS# 7046836 · Data refreshed September 22, 2026
Similar Homes for Sale Near 48525 194th Place, McGregor, MN
Frequently Asked Questions About 48525 194th Place
- Is $384,900 a good price for a home in McGregor?
- According to BuyPulse, 48525 194th Place rates Premium Pricing — at $394/sqft it's priced 24% above the typical McGregor single-family home of $318/sqft. Its negotiating-position score is 76/100 (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 48525 194th Place — and what do they mean?
- This property has $65/yr in annual special assessments with additional 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 $1,973/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 48525 194th Place have a basement?
- Yes, 48525 194th Place has a basement.
- What type of heating and cooling does 48525 194th Place have?
- 48525 194th Place has Forced Air heating and None cooling.
- Where is 48525 194th Place located?
- 48525 194th Place is in the Sheshebe Point neighborhood of McGregor, MN 55760, in Aitkin County.
- Is 48525 194th Place still available?
- Yes — 48525 194th Place is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
- When was 48525 194th Place built?
- 48525 194th Place was built in 1960. It features an asphalt roof and a block foundation.
- How walkable is 48525 194th Place?
- 48525 194th Place has a Walk Score of 0/100 (Car-Dependent) and a Bike Score of 17/100 (Minimal Bike Infrastructure). Scores provided by Walk Score® →
- How many homes like 48525 194th Place are for sale in McGregor?
- 5 similar homes (single-family homes between $289K and $481K 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, 6:31 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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