Tucked away from the paved road you will find a Cedar sided cottage at the water's edge with no other cabins or homes in sight. The almost 5-acre property has been loved by the same family since the 1960's when the south side of Rat Lake was first divided into lots. Rat Lake is 431 acres and has various species of fish including Crappies, Blue Gills, Northerns and Bass. Sit at the water's edge with 240 feet of shoreline with some sand, sit on the dock and view the mostly undisturbed natural beauty across the lake or relax on the deck or screened in porch. Inside the year around home, the natural woodwork and large lakeside windows gives you an up north feel. The open floor plans keep everyone comfortable while you relax in front of the large fireplace made from bricks from the Ancker Hospital in St. Paul. The lower level has another gathering space, a sleeping space, a bathroom, and a laundry and storage room. When you have your limit of fish, jump on the 4-wheeler trail & explore, head east just a 1/4 mile, and you are at the entrance to the Minnesota National Golf Course. Head west 1/4 mile, and you are at Larson's Barn (popular for weddings and an occasional Saturday night polka dance) There are many restaurant options in the McGregor and Palisade areas and many other lakes to enjoy.
Closed
$340,000
23638 480th St, McGregor, MN 55760
2beds
1,728sqft
Single Family Residence
Built in 1967
4.94 Acres Lot
$365,700 Zestimate®
$197/sqft
$1,523 Estimated rent
Home value
$365,700
Estimated sales range
Not available
$1,523/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Kay Hill 218-232-5489,
Edina Realty, Inc.
Bought with:
Kay Hill
Edina Realty, Inc.
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6600654
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
Bedroom
- Level: Main
- Area: 190 Square Feet
- Dimensions: 10x19
Bedroom 2
- Level: Lower
- Area: 225 Square Feet
- Dimensions: 10x22.5
Dining room
- Level: Main
- Area: 141.75 Square Feet
- Dimensions: 10.5x13.5
Family room
- Level: Lower
- Area: 236.25 Square Feet
- Dimensions: 10.5x22.5
Kitchen
- Level: Main
- Area: 90.25 Square Feet
- Dimensions: 9.5x9.5
Laundry
- Level: Lower
- Area: 115.5 Square Feet
- Dimensions: 10.5x11
Living room
- Level: Main
- Area: 195.75 Square Feet
- Dimensions: 13.5x14.5
Other
- Level: Main
- Area: 168 Square Feet
- Dimensions: 12x14
Heating
- Forced Air, Fireplace(s)
Cooling
- None
Appliances
- Included: Electric Water Heater, Microwave, Range, Refrigerator, Washer, Water Softener Owned
- Laundry: Lower Level, Laundry Room
Features
- Basement: Block,Drainage System,Finished,Full,Posts,Walk-Out Access
- Number of fireplaces: 1
- Fireplace features: Living Room, Wood Burning
Interior area
- Total structure area: 1,728
- Total interior livable area: 1,728 sqft
- Finished area above ground: 864
- Finished area below ground: 864
Property
Parking
- Total spaces: 2
- Parking features: Detached Garage, Gravel
- Garage spaces: 2
- Details: Garage Dimensions (28x28)
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck, Enclosed, Porch
- Pool features: None
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Lake Front, Waterfront Elevation(0-4), Lake Bottom(Sand, Soft, Weeds)
- Frontage length: Water Frontage: 240
Lot
- Size: 4.94 Acres
- Dimensions: 240 x 678 x 61 x 493 x 414
- Features: Tree Coverage - Heavy
Details
- Foundation area: 864
- Parcel number: 390040105
- Zoning description: Shoreline
- Other equipment: Fuel Tank - Rented
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Frame
- Roof: Age Over 8 Years,Metal
Condition
- New construction: No
- Year built: 1967
Utilities & green energy
- Electric: Circuit Breakers, Power Company: Mille Lacs Energy Co-op
- Gas: Propane
- Sewer: Private Sewer, Tank with Drainage Field
- Water: 4-Inch Submersible, Drilled, Private, Well
Community & neighborhood
Location
- Region: Mcgregor
HOA & financial
HOA
- Has HOA: No
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 11/8/2024 | Sold | $340,000-6.2%$197/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6600654 Report a problem | ||
| 10/11/2024 | Pending sale | $362,500$210/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6600654 Report a problem | ||
| 9/11/2024 | Listed for sale | $362,500$210/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6600654 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,340 +0.8% | $238,266 +2.7% |
| 2024 | $1,330 -5.4% | $232,068 +1.3% |
| 2023 | $1,406 -5% | $229,178 +6.3% |
| 2022 | $1,480 +4.7% | $215,578 +25.3% |
| 2021 | $1,414 -2.8% | $172,078 +5.2% |
| 2020 | $1,454 +2.3% | $163,500 +0.9% |
| 2019 | $1,422 +1.7% | $162,000 +6.6% |
| 2018 | $1,398 -14.2% | $151,900 -0.5% |
| 2017 | $1,630 -3.4% | $152,600 -13.7% |
| 2016 | $1,688 -0.9% | $176,800 -5.9% |
| 2014 | $1,704 +10497% | $187,900 -6.5% |
| 2012 | $16 | $200,900 |
| 2011 | -- | $200,900 +8.8% |
| 2009 | $1,266 | $184,700 |
Find assessor info on the county website
Neighborhood: 55760
Nearby schools
GreatSchools rating
- 7/10Mcgregor Elementary SchoolGrades: PK-6Distance: 7.6 mi
- 6/10Mcgregor SecondaryGrades: 7-12Distance: 7.6 mi
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- Minnesota
- Aitkin County
- McGregor
- 55760
- 23638 480th St
Nearby cities
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