Very rare opportunity to own a home on Waverly Lake! This beautiful home offers gorgeous North views of the lake from almost all rooms of the house and 86ft of shoreline! Enjoy the peace and quiet from your brand new 40x16 deck or patio or take it all in from the gazebo. This home offers a huge kitchen remodel, new roof on the house and gazebo, new siding, almost all new windows, two bathroom remodels and all new flooring throughout the house! You'll love the tandem garage to store your boat or lake toys and the convenience of Hwy 12 just a few blocks away for an easy commute.
Closed
$615,000
506 Franklin Ave, Waverly, MN 55390
3beds
1,928sqft
Single Family Residence
Built in 1963
0.62 Acres Lot
$648,500 Zestimate®
$319/sqft
$2,115 Estimated rent
Home value
$648,500
$616,000 - $681,000
$2,115/mo
Zestimate® history
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$3,804/mo
Est. payment
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$3,804/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Amber Simon 612-710-0834,
Keller Williams Classic Rlty NW
Bought with:
Katie D Gagnon
Kg Realty
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6562461
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
Bedroom
- Level: Upper
- Area: 132 Square Feet
- Dimensions: 12x11
Bedroom 2
- Level: Upper
- Area: 120 Square Feet
- Dimensions: 12x10
Bedroom 3
- Level: Lower
- Area: 156 Square Feet
- Dimensions: 13x12
Dining room
- Level: Upper
- Area: 273 Square Feet
- Dimensions: 21x13
Family room
- Level: Lower
- Area: 288 Square Feet
- Dimensions: 24x12
Kitchen
- Level: Upper
- Area: 234 Square Feet
- Dimensions: 18x13
Living room
- Level: Upper
- Area: 264 Square Feet
- Dimensions: 24x11
Patio
- Level: Lower
- Area: 640 Square Feet
- Dimensions: 40x16
Heating
- Forced Air, Fireplace(s)
Cooling
- Central Air
Appliances
- Included: Cooktop, Dishwasher, Double Oven, Dryer, Gas Water Heater, Microwave, Refrigerator, Wall Oven, Washer, Water Softener Owned, Wine Cooler
- Laundry: Lower Level
Features
- Basement: Block,Egress Window(s),Finished,Full,Walk-Out Access
- Number of fireplaces: 1
- Fireplace features: Brick, Wood Burning
Interior area
- Total structure area: 1,928
- Total interior livable area: 1,928 sqft
- Finished area above ground: 1,352
- Finished area below ground: 576
Property
Parking
- Total spaces: 3
- Parking features: Attached, Concrete, Garage Door Opener, Heated Garage, Tandem Garage, Tuckunder Garage
- Attached garage spaces: 3
- Has uncovered spaces: Yes
- Details: Garage Dimensions (20x18 37x12), Garage Door Height (7), Garage Door Width (16)
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck, Patio
- Pool features: None
- Fencing: None
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Dock, Lake Front, Lake View, Waterfront Elevation(0-4), Lake Bottom(Gravel, Hard, Sand)
- Frontage length: Water Frontage: 86
Lot
- Size: 0.62 Acres
- Dimensions: 285 x 86 x 312 x 77
- Features: Accessible Shoreline, Irregular Lot
Details
- Additional structures: Gazebo
- Foundation area: 1014
- Parcel number: 116012000030
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Block, Concrete
- Roof: Age 8 Years or Less,Asphalt,Pitched
Condition
- New construction: No
- Year built: 1963
Utilities & green energy
- Electric: Circuit Breakers, 100 Amp Service
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Lakeland Terrace
HOA
- Has HOA: No
Location
- Region: Waverly
Financial & listing details
- Price per square foot: $319/sqft
- Tax assessed value: $472,400
- Annual tax amount: $5,894
- Date on market: 7/3/2024
- Cumulative days on market: 6 days
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 9/6/2024 | Sold | $615,000+11.8%$319/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6562461 Report a problem | ||
| 7/24/2024 | Pending sale | $549,900$285/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6562461 Report a problem | ||
| 7/18/2024 | Listed for sale | $549,900+139.1%$285/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6562461 Report a problem | ||
| 8/11/2014 | Sold | $230,000-4.1%$119/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #2158080 Report a problem | ||
| 4/3/2014 | Listed for sale | $239,900+4.3%$124/sqft |
Source: Coldwell Banker Burnet - Buffalo #4462251 Report a problem | ||
| 8/10/2010 | Sold | $230,000$119/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,818 -0.9% | $472,400 +0.8% |
| 2024 | $5,870 -0.4% | $468,600 -5% |
| 2023 | $5,894 +13.3% | $493,100 +2.5% |
| 2022 | $5,200 +16.9% | $481,100 +33.3% |
| 2021 | $4,448 +5.4% | $360,800 +9.6% |
| 2020 | $4,222 -62.8% | $329,200 +16.7% |
| 2019 | $11,342 +168.6% | $282,100 +13.5% |
| 2018 | $4,222 +19.3% | $248,600 +24.9% |
| 2017 | $3,540 -9.2% | $199,100 |
| 2016 | $3,898 | -- |
| 2015 | $3,898 +1.3% | -- |
| 2014 | $3,848 -6.3% | -- |
| 2013 | $4,105 -13.7% | -- |
| 2012 | $4,759 +2.9% | -- |
| 2011 | $4,625 -3.8% | -- |
| 2010 | $4,808 +7.5% | -- |
| 2009 | $4,473 +4.9% | -- |
| 2008 | $4,265 +19.7% | -- |
| 2007 | $3,562 +39.8% | -- |
| 2006 | $2,548 +31.5% | -- |
| 2005 | $1,938 +10% | -- |
| 2004 | $1,762 +8.3% | -- |
| 2003 | $1,627 -2.8% | -- |
| 2002 | $1,673 -27.5% | -- |
| 2001 | $2,307 | -- |
Find assessor info on the county website
Neighborhood: 55390
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Nearby schools
GreatSchools rating
- 4/10Humphrey Elementary SchoolGrades: PK-4Distance: 0.3 mi
- 5/10Howard Lake Middle SchoolGrades: 5-8Distance: 5.5 mi
- 8/10Howard Lake-Waverly-Winsted Sec.Grades: 9-12Distance: 5.5 mi
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Estimated market value
$648,500
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Estimated market value
$648,500
- Minnesota
- Wright County
- Waverly
- 55390
- 506 Franklin Ave
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