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940 Nicollet Ave, Big Lake, MN, 55309

3beds
1baths
1,104sqft
$245,000
$222price/sqft
$1,832/moest. monthly cost
$73,280/yrincome needed

About This Home

Beautifully updated 3 bedroom 1 bathroom rambler! This home is the perfect starter home! Multiple lots included to equal a full .36 acres! This home a bunch of updates including new flooring, butcher block counter tops, appliances, fresh paint, bathroom updates, and ceiling fans! Enjoy the convenient location that is walking distance to Lake Mitchell, Big Lake Trails, Public Beach, Brand New Park Amenities, Big Lake Boat Access, Fishing Docks and the Local Farmers Market on Summer Thursday Evenings!

Getting Around

2
WalkingCar-Dependent
0
TransitVery Limited Transit
27
BikeSomewhat Bikeable

Schools

7/10
5/10
Big Lake Middle SchoolGrades 6-81.5 mi
9/10

Construction

Condition

  • Year built: 1940

Materials

  • Roof: Asphalt

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Appliances

  • Appliances included: Dryer,Freezer,Gas Water Heater,Microwave,Range,Refrigerator,Washer
  • Laundry features: In Basement

Basement

  • Has basement: Yes
  • Basement: Block,Partial,Storage Space,Unfinished

Bedroom

  • Level: Main
  • Area: 160
  • Dimensions: 16x10

Bedroom2

  • Level: Main
  • Area: 117
  • Dimensions: 13x9

Bedroom3

  • Level: Main
  • Area: 91
  • Dimensions: 13x7

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 1
  • 3/4 bathrooms: 1

Features

  • Finished area below ground: 0
  • Finished area above ground: 1,104

Foyer

  • Level: Main
  • Area: 110
  • Dimensions: 11x10

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,684
  • Total interior livable area: 1,104 sqft

Kitchen

  • Level: Main
  • Area: 120
  • Dimensions: 12x10

Living Room

  • Level: Main
  • Area: 288
  • Dimensions: 18x16

Storage

  • Level: Lower
  • Area: 360
  • Dimensions: 20x18

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 654220265
  • Zoning description: Residential-Single Family
  • Foundation area: 1104

Features

  • Levels: One
  • Stories: 1
  • Has view: Yes
  • View description: Lake
  • Has water view: Yes
  • Water view: Lake
  • Waterfront features: Lake View

Lot

  • Lot size: 0.36 Acres
  • Features: Tree Coverage - Medium
  • Lot size dimensions: 135 x 120 x 135 x 120

Parking

  • Parking features: Gravel,Open
  • Has uncovered spaces: Yes

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

  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Lightning
Strong Wind
Tornado
Cold Wave
Hail
Inland Flooding
Winter Weather

FEMA Declared Disasters in Sherburne County and Minnesota

Flood
Severe Storm
Straight Line Winds

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

MonthlyAnnual
Mortgage $1,238$14,856
Home Insurance *$163$1,956
Property Taxes $261$3,132
Electricity $170$2,050
Total$1,832$21,984
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$62,811/yr
40% on housing$54,960/yr
45% on housing$48,853/yr

Minnesota FAIR Plan Programs

Minnesota FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,160Commercial: 101
Total Premiums$4.54M
Total Exposure$457.44M

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.

Insurance Growth Rate5-year average: 11.6%
11.6%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 4.3%
4.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$222This listing

vs Other Active Listings

Avg $/sqft

ZIP 55309$170
Sherburne County$177

vs Homes Sold Last Month

Median $/sqft

ZIP 55309$181
Sherburne County$175

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)

Price History

DateEventPrice
2026-08-06Listed for sale$245,000
2021-12-10Sold$190,000
2021-11-17Pending sale$184,900
2021-10-30Listed for sale$184,900
2017-11-06Sold$98,000

For Sale by Agent

AgentAlex Powell
BrokerageJPW Realty

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