45227 316th Ave, Vergas, MN, 56587
About This Home
Gorgeous Loon Lake! Welcome to a huge 30 x30 shop/ garage! Situated on 1.39 acres with 150 ft. of shoreline on beautiful Loon Lake just outside of Vergas, MN. Could be living area while a cabin was built closer to the lake. The garage shop has a 1000. gal septic tank, deep well, concrete floor heat, drain. Shop area has slider windows , attic storage space, fully foamed making it energy efficient. Seller will consider Contract for Deed, terms negotiable
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1997
Materials
- Foundation: Slab
- Roof: Asphalt
Type & Style
- Home type: SingleFamily
- Property subType: Single Family
Interior
Appliances
- Laundry features: Main Level
Bathroom
- Level: Main
Bedrooms & Bathrooms
- Bathrooms: 1
- 3/4 bathrooms: 1
Features
- Finished area below ground: 0
- Finished area above ground: 2,250
Heating & Cooling
- Heating features: Dual Fuel/Off Peak
- Cooling features: None
Interior Area
- Total structure area: 2,250
- Total interior livable area: 2,250 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 16000990931000
- Zoning description: Residential-Single Family
- Foundation area: 2250
Features
- Levels: One
- Stories: 1
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- On waterfront: Yes
- Waterfront features: Lake Front
- Frontage length: Water Frontage: 150
Lot
- Lot size: 1.52 Acres
- Features: Accessible Shoreline
- Lot size dimensions: 150 x 350
Parking
- Total spaces: 3
- Parking features: Attached,Floor Drain,Garage,Heated Garage
- Has garage: Yes
- Attached garage spaces: 3
- Covered spaces: 3
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Winter Weather
- Cold Wave
- Inland Flooding
- Strong Wind
- Tornado
- Hail
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Otter Tail County and Minnesota
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,017 | $24,204 |
| Home Insurance * | $164 | $1,968 |
| Property Taxes | $171 | $2,052 |
| Electricity | $189 | $2,277 |
| Total | $2,541 | $30,492 |
Income You'd Need if You Spent...
Minnesota FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2025-10-19 | Price change | $489,000 |
| 2025-05-13 | Price change | $499,000 |
| 2024-07-13 | Price change | $549,900 |
| 2024-03-27 | Listed for sale | $599,000 |
| 2024-03-25 | Listing removed | -- |
| 2023-08-26 | Listed for sale | $599,000 |
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