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 $409/sqft — This home is priced 40% above the typical McGregor single-family home of $293/sqft.
Powered by the Realgorithm™ — 32 active McGregor listings · NorthstarMLS
$2,424/month Estimated
- Principal & interest
- $2,022
- Property taxes
- $164
- Home insurance (est.)
- $233
- Special assessments
- $5 + pending
- HOA dues
- None
20% down ($79,980) · 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 $300K and $500K in McGregor:
- The field: 7 similar McGregor homes for sale — a short list right now.
Powered by the Realgorithm™ — real McGregor closings, zero guesses · NorthstarMLS
Key Features
- Property Type
- Single Family
- Year Built
- 1960
- Above Grade
- 977 sq ft
- Lot Size
- 0.37 acres
- Lot Features
- Tree Coverage - Medium
- Garage
- 2-car (Detached Garage, Gravel, Shared Driveway, Garage Door Opener)
- Heating
- Forced Air
- Cooling
- None
- Basement
- Yes
- Appliances
- Microwave, Range, Refrigerator
- Sewer
- Mound Septic, Septic System Compliant - Yes
- Water
- Sand Point
- Annual Taxes
- $1,973
- Special Assessments
- $65
- County
- Aitkin
- Days on Market
- 149
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
Shannon Barnum
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 August 10, 2026
Similar Homes for Sale Near 48525 194th Place, McGregor, MN
Frequently Asked Questions About 48525 194th Place
- Is $399,900 a good price for a home in McGregor?
- According to BuyPulse, 48525 194th Place rates Premium Pricing — at $409/sqft it's priced 40% above the typical McGregor single-family home of $293/sqft. 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.
- 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 many homes like 48525 194th Place are for sale in McGregor?
- 7 similar homes (single-family homes between $300K and $500K 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.