Active

$499,900

945 Reed St N, Waterville, MN 56096

4beds

1,242sqft

Est.:

Single Family

Built in 1984

8,712 Square Feet Lot

$487,100 Zestimate^®

$402/sqft

$-- HOA

What's special

In-ground sprinkler systemTwo-car detached garageFreshly updated main levelBoat houseBrand new water heaterNew triple pane windowsThree bedrooms

Are you looking for a three, potential four-bedroom, two-bathroom home with a flat entrance to the water and a two-car detached garage on Lake Tetonka? This is it! This property offers numerous opportunities, whether you are looking for a seasonal retreat, a year-round residence, or an investment property. The layout features separate living spaces on each floor, allowing you to live on the main level while renting out or hosting an Airbnb on the upper level. The freshly updated main level includes three bedrooms, one bathroom, a sunroom, main-floor laundry, brand new water heater and a beautiful kitchen with all new appliances and new triple pane windows last year. The upstairs living area includes one bedroom, one bathroom, and its own kitchen. Outside, you can enjoy watching the sunsets on the deck, a flat walk to the lake, a boat house, an in-ground sprinkler system, and an insulated, heated two-car detached garage. This property is truly one of a kind. Come see it for yourself!

47 days

670

12

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
3/4 bathrooms: 2

Bedroom

Level: Main
Area: 76 Square Feet
Dimensions: 8x9.5

Bedroom 2

Level: Main
Area: 64 Square Feet
Dimensions: 8x8

Bedroom 3

Level: Main
Area: 76 Square Feet
Dimensions: 8x9.5

Bedroom 4

Level: Upper
Area: 72 Square Feet
Dimensions: 8x9

Dining room

Level: Main

Kitchen

Level: Main
Area: 102 Square Feet
Dimensions: 12x8.5

Kitchen 2nd

Level: Upper
Area: 165 Square Feet
Dimensions: 11x15

Living room

Level: Main

Heating

Ductless Mini-Split, Forced Air

Cooling

Central Air

Appliances

Included: Cooktop, Dishwasher, Microwave, Refrigerator

Features

Basement: Crawl Space
Has fireplace: No

Interior area

Total structure area: 1,242
Total interior livable area: 1,242 sqft
Finished area above ground: 1,242
Finished area below ground: 0

Property

Parking

Total spaces: 2
Parking features: Detached Garage, Asphalt, Concrete, Shared Driveway, Garage, Garage Door Opener, Heated Garage, Insulated Garage
Garage spaces: 2
Has uncovered spaces: Yes
Details: Garage Dimensions (32x24)

Accessibility

Accessibility features: None

Features

Levels: One and One Half
Stories: 1.5
Patio & porch: Deck
Fencing: None
Has view: Yes
View description: Lake, West
Has water view: Yes
Water view: Lake
Waterfront features: Lake Front, Waterfront Elevation(0-4), Lake Bottom(Gravel, Soft, Weeds)

Lot

Size: 8,712 Square Feet
Dimensions: 68 x 188
Features: Irregular Lot, Tree Coverage - Light

Details

Additional structures: Garage(s), Boat House
Foundation area: 621
Parcel number: 246000200
Zoning description: Residential-Single Family

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family

Materials

Roof: Age Over 8 Years,Asphalt

Condition

New construction: No
Year built: 1984

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: $402/sqft
Tax assessed value: $379,800
Annual tax amount: $842
Date on market: 4/6/2026

Estimated market value

$487,100

$463,000 - $511,000

$1,992/mo

Price history

Date	Event	Price
4/6/2026	Listed for sale	$499,900+122.2%$402/sqft
Source: NorthstarMLS as distributed by MLS GRID #7034029 Report a problem
11/1/2016	Listing removed	$225,000$181/sqft
Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #4613861 Report a problem
4/14/2016	Listed for sale	$225,000$181/sqft
Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #4613861 Report a problem
11/29/2015	Listing removed	$225,000$181/sqft
Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #4613861 Report a problem
6/19/2015	Listed for sale	$225,000+36.8%$181/sqft
Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #4613861 Report a problem
1/1/2005	Sold	$164,500$132/sqft
Source: Agent Provided Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$842 -11.9%	$379,800 +0.7%
2024	$956 -74.8%	$377,200 +1.1%
2023	$3,788 +12.2%	$373,200 +23.5%
2022	$3,376 +1.3%	$302,100 +30%
2021	$3,332 +1.5%	$232,400 +4.8%
2020	$3,282 +0.5%	$221,800 +2.6%
2019	$3,267 -4.5%	$216,200 +4.8%
2018	$3,421 +9.5%	$206,200 +0.8%
2017	$3,125 +0.4%	$204,500 +1.6%
2016	$3,113 -2%	$201,200
2015	$3,177 +9.4%	$201,200
2014	$2,903 -1.1%	$201,200 -1.6%
2013	$2,936 -2%	$204,500
2012	$2,996 +1.9%	$204,500 -3.4%
2011	$2,940 +7.8%	$211,600
2010	$2,728 +1.7%	$211,600 -2%
2009	$2,682	$215,900

Find assessor info on the county website

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