The Lake is calling! All 2400+ acres of it! Enjoy this compact year round cabin with 40 feet of sandy shoreline and a gentle slope to the water, (yet the elevation prevented it from flooding) great for swimming, fishing, boating, and soaking up amazing views looking west across the lake while sitting in your 12x20 screened in covered porch! Close to town, food, gas, parks and trails and just steps from the Public Beach providing endless options for fun, gatherings, and recreation.
The home is being sold as-is and includes all the furnishings, the dock, Pontoon and Solar powered lift. It's a gem in need of some repairs and TLC. The views and location alone make it a great opportunity for anyone looking to build equity and customize their personal lake retreat.
Pending
Price cut: $10K (7/20)
$249,000
735 Reed St, Waterville, MN 56096
1beds
525sqft
Single Family
Built in 1950
5,052 Square Feet Lot
$-- Zestimate®
$474/sqft
$-- HOA
What's special
- 103 days |
- 573 |
- 17 |
Zillow last checked:
Listing updated:
Listed by:
Julie Meister 507-210-6880,
BH Realty Group
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7072094
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- 3/4 bathrooms: 1
Porch
- Level: Main
- Area: 240 Square Feet
- Dimensions: 12x20
Heating
- Forced Air
Cooling
- Window Unit(s)
Appliances
- Included: Gas Water Heater, Microwave, Range, Refrigerator
- Laundry: None
Features
- Basement: Crawl Space
- Has fireplace: No
Interior area
- Total structure area: 543
- Total interior livable area: 525 sqft
- Finished area above ground: 525
- Finished area below ground: 0
Property
Parking
- Parking features: Open
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: No Stairs Internal, Partially Wheelchair
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Deck, Screened
- Has view: Yes
- View description: Panoramic
- Waterfront features: Lake Front, Waterfront Elevation(10-15), Lake Bottom(Sand)
- Frontage length: Water Frontage: 40
Lot
- Size: 5,052 Square Feet
- Dimensions: 40 x 128
- Features: Accessible Shoreline
Details
- Foundation area: 543
- Parcel number: 246000370
- Zoning description: Shoreline,Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family
Materials
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1950
Utilities & green energy
- Electric: Circuit Breakers
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Outlots-Snows Add
HOA
- Has HOA: No
Location
- Region: Waterville
Financial & listing details
- Price per square foot: $474/sqft
- Tax assessed value: $227,600
- Annual tax amount: $3,186
- Date on market: 5/14/2026
- Cumulative days on market: 103 days
Estimated market value
Not available
Estimated sales range
Not available
$1,053/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/7/2026 | Pending sale | $249,000$474/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7072094 Report a problem | ||
| 7/20/2026 | Price change | $249,000-3.9%$474/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7072094 Report a problem | ||
| 6/28/2026 | Price change | $259,000-7.2%$493/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7072094 Report a problem | ||
| 6/10/2026 | Price change | $279,000-6.7%$531/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7072094 Report a problem | ||
| 5/22/2026 | Price change | $299,000-14.3%$570/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7072094 Report a problem | ||
| 5/14/2026 | Listed for sale | $349,000$665/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7072094 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,962 +8.3% | $227,600 +0.5% |
| 2024 | $2,734 -1.2% | $226,400 +0.8% |
| 2023 | $2,768 +3.6% | $224,700 +1.2% |
| 2022 | $2,672 +0.1% | $222,000 +20% |
| 2021 | $2,668 +2.7% | $185,000 +3.7% |
| 2020 | $2,598 +0.6% | $178,400 +3.7% |
| 2019 | $2,583 +1.8% | $172,000 +2.6% |
| 2018 | $2,537 +9.1% | $167,700 +0.5% |
| 2017 | $2,325 +1.8% | $166,900 +1.8% |
| 2016 | $2,285 -0.8% | $163,900 -0.7% |
| 2015 | $2,303 +3.2% | $165,000 |
| 2014 | $2,231 +0.7% | $165,000 -1.3% |
| 2013 | $2,215 -0.6% | $167,200 |
| 2012 | $2,229 +3% | $167,200 -2.1% |
| 2011 | $2,165 +10.7% | $170,700 -0.3% |
| 2010 | $1,956 +1.2% | $171,200 -0.5% |
| 2009 | $1,932 | $172,100 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 56096
Nearby schools
GreatSchools rating
- 6/10Waterville Elementary SchoolGrades: PK-4Distance: 0.9 mi
- 8/10Waterville-Elysian-Morristown Jr.Grades: 7-8Distance: 6.4 mi
- 6/10Waterville-Elysian-Morristown Sr.Grades: 9-12Distance: 0.9 mi
- $485,3002 bd1 ba1.4k sqft733 Reed St N, Waterville, MN 56096Off Market
- $189,9001 bd0 ba639 sqft737 Reed St, Waterville, MN 56096Off Market
- $178,3002 bd0 ba639 sqft736 Reed St, Waterville, MN 56096Off Market
- $374,2004 bd1 ba1.3k sqft731 Reed St N, Waterville, MN 56096Off Market
- $183,500-- bd-- ba-- sqft813 Reed St N, Waterville, MN 56096Off Market
- $525,0002 bd2 ba1.9k sqft813 Reed St N, Waterville, MN 56096Sold
- $409,4002 bd2 ba5.6k sqft734 Reed St N, Waterville, MN 56096Off Market
- $356,7001 bd0 ba1.3k sqft729 Reed St N, Waterville, MN 56096Off Market
A local agent can set up tours, give advice and negotiate with sellers.
Similar homes
- $159,9002 bd1 ba704 sqft6271 French Lake Path, Faribault, MN 55021For Sale
MLS ID #7078122, Rick Tonjum, Edina Realty, Inc.. NorthstarMLS as distributed by MLS GRID - $189,9002 bd1 ba668 sqft605 Division St W, Faribault, MN 55021For Sale
MLS ID #7063205, Ben Olsen, Integrity Realty. NorthstarMLS as distributed by MLS GRID - $124,9002 bd1 ba486 sqft6000 Fairbanks Path APT 15, Faribault, MN 55021For Sale
MLS ID #7001941, The Huerkamp Home Group, Keller Williams Preferred Rlty. NorthstarMLS as distributed by MLS GRID
