1989 single family home for sale at 53375 Lake Avenue in McGregor, MN — 3 bed, 3 bath (photo 1 of 50)

53375 Lake Avenue, McGregor, MN 55760

3 Beds | 3 Baths | 2,519 Sq Ft | Single Family Home | MLS# 7124295

$459,500

Is 53375 Lake Avenue a Good Deal?

BuyPulse Verdict

Excellent Value

At $182/sqft — This home is priced 43% below the typical McGregor single-family home of $318/sqft.

Your Negotiating Position

68 — Strong buyer leverage

Day 27 — 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.

Powered by the Realgorithm™ — 26 active McGregor listings · NorthstarMLS

$2,787/month Estimated

Principal & interest
$2,323
Property taxes
$196
Home insurance (est.)
$268
HOA dues
None

20% down ($91,900) · 30-yr fixed, 6.5% · Can I afford this home?

Estimates only; confirm before you offer.

McGregor, MN Active

About This Home

Set on approximately 10 wooded acres, with Savanna Portage State Park bordering the east property line and the Glacier Lake Aquatic Management Area along the south, this property offers an exceptional setting for outdoor recreation, wildlife and room to roam. Public access to Big Sandy Lake is just minutes away. A 40x80 pole building with lean-to, 26x32 workshop with in-floor heat and attached heated two-stall garage offer substantial space for storage, equipment and hobbies. The well-maintained home offers warm wood tones and Northwoods character throughout. A two-sided brick fireplace anchors the upper living and dining areas, with a kitchen featuring stainless appliances and breakfast bar seating. The main level includes laundry and a half bath. The finished lower level offers a second living area with stone fireplace, custom bar and walkout access. A Generac whole-home backup generator adds peace of mind year-round. Outside, enjoy the deck and firepit seating area surrounded by mature trees. With room for recreation and everyday living, this property combines acreage, substantial outbuilding space and easy access to the outdoors.

Virtual Tour

Take a virtual tour of this home

BuyPulse™ — Live Market Read

Homes like this one — single-family homes between $345K and $574K 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
1989
Garage
10-Car
Style
Three Level Split
HOA
None
Annual Taxes
$2,354 (2026)

Property Details

Property Type
Single Family
Above Grade Sq Ft
1,522
Below Grade Sq Ft
997
Lot Size
10 acres
Basement
Yes
Roof
Asphalt
County
Aitkin
List Date
2026-09-18
Days on Market
24 days
Parcel ID
320044601

Financial

Total Tax incl. Assessments
$2,354

Home Systems & Utilities

Heating
Dual Fuel/Off Peak, Forced Air, Fireplace(s)
Cooling
Central Air
Electric
200+ Amp Service
Water
Drilled, Private, Well
Sewer
Private Sewer, Septic System Compliant - Yes, Tank with Drainage Field
Appliances
Dishwasher, Dryer, Exhaust Fan, Freezer, Fuel Tank - Rented, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer, Water Softener Owned

Interior Features

Laundry
Main Level, Sink
Fireplace
2 fireplaces

Construction & Exterior

Construction & Structure

Foundation Type
Block
Foundation Area
1,452 sqft
Total Building Area
2,939 sqft

Exterior Features

Exterior Features
Cedar
Other Structures
Garage(s), Lean-To, Pole Building, Workshop
Accessibility Features
None

Parking & Garage

Parking Features
Attached Garage, Detached Garage, Asphalt, Concrete, Electric, Garage Door Opener, Heated Garage, Insulated Garage, Multiple Garages, Storage

Lot & Land

Lot Features
Property Adjoins Public Land, Tree Coverage - Heavy
Road Surface
County Road, Paved Streets
Zoning Description
Residential-Single Family

Agent & Office

List Office
Northland Sotheby's International Realty

Price History

Listed at $459,500 on Sep 15, 2026 — No price changes

53375 Lake Avenue is listed in McGregor, MN, part of Aitkin County. Browse all Minnesota homes for sale on Modern Market REALTORS®.

Showing — 53375 Lake Avenue

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 Northland Sotheby's International Realty · Shown by Modern Market REALTORS®

Schedule a Home Tour View Full Listing & Photos

MLS# 7124295 · Data refreshed September 30, 2026

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Frequently Asked Questions About 53375 Lake Avenue

Is $459,500 a good price for a home in McGregor?
According to BuyPulse, 53375 Lake Avenue rates Excellent Value — at $182/sqft it's priced 43% below the typical McGregor single-family home of $318/sqft. Its negotiating-position score is 68/100 (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.
Does 53375 Lake Avenue have a basement?
Yes, 53375 Lake Avenue has a finished basement with 997 sq ft of below-grade space.
What type of heating and cooling does 53375 Lake Avenue have?
53375 Lake Avenue has Dual Fuel/Off Peak, Forced Air, Fireplace(s) heating and Central Air cooling.
Where is 53375 Lake Avenue located?
53375 Lake Avenue is in McGregor, MN 55760, in Aitkin County.
Is 53375 Lake Avenue still available?
Yes — 53375 Lake Avenue is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
When was 53375 Lake Avenue built?
53375 Lake Avenue was built in 1989. It features an asphalt roof and a block foundation.
Does 53375 Lake Avenue have main-floor laundry?
Yes — the laundry at 53375 Lake Avenue is on the main level.
How walkable is 53375 Lake Avenue?
53375 Lake Avenue 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 53375 Lake Avenue are for sale in McGregor?
9 similar homes (single-family homes between $345K and $574K 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.

MLS GRID 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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