Does this property have an HOA?

No, this property does not have a homeowners association.

What are the annual property taxes?

Annual property taxes are $1,194 (2025).

What school district is this property in?

This property is in the 2143 - Waterville-Elysian-Morristown school district.

Does this home have a garage?

Yes, this home has a 2-car garage.

How long has this property been on the market?

This property has been listed for 80 days.

Listed at

$440,000

$373/sqft

Outlots-Snows Add

945 Reed Street, Waterville, MN, 56096

4 Bedrooms2 Bathrooms1,179 Square Feet0.2 Acres

Days on market80

Year built1984

Garage spaces2

TypeResidential

Est. $10,200buyer credit when you buy with SODL

Interested?

Pick a date to request a showing

Cancel anytime, free.

About this home

Virtual Tour is an informational Video! Experience the ultimate year-round lake lifestyle in this beautifully updated 4-bed, 2-bath Lake Tetonka cottage featuring 65 feet of level shoreline and premier western exposure for breathtaking sunset views. Perfect for swimming, boating, and premier fishing, the property includes a private dock for a boat or pontoon. The main residence offers a cozy yet modern interior with stainless steel appliances, a updated furnace, ac and water heater. Perfect for multi-generational living, rental potential, or guest accommodations, the private-access upper loft serves as a complete suite equipped with its own kitchen, living room, bedroom, and bath. Outdoor entertainment options abound with a versatile lakeside boat house that functions as a screened-in porch during summer months and offers drive-on ATV access for ice fishing in the winter. The massive 32x22 insulated and heated garage pulls double duty as the ultimate party space and for recreational toy storage. Located in a golf-cart and ATV-friendly community, residents enjoy casual transport to local restaurants, taverns, parks, and the city sand beach. Waterville serves as the perfect central rest stop along the 39-mile, fully paved Sakatah Singing Hills State Trail, spanning from Mankato to Faribault. This cottage is the ultimate destination to gather, relax, and create lasting memories with family and friends for years to come. Book your tour today. It can close fast so you can still enjoy lakelife this summer!

View this property at

Date

Sep 27, 2026

Time

6pm – 8pm

Address

945 Reed Street, Waterville, MN, 56096

Listed By: True Life Real Estate Solution • NST7108020 • Source: Property Details provided by NorthstarMLS and may not match the public record.

Contact us

Write a message

Home facts

Property typeResidential

Property subtypeSingle Family

Year built1984

LevelsOne and One Half

Living area1,179 sqft

Above-grade finished1,179 sqft

Below-grade finished0 sqft

Lot size0.2 acres (32 X 182 X 66 X 188)

Days on market80

ListedJul 11, 2026

MLS #NST7108020

CountyLe Sueur

SubdivisionOutlots-Snows Add

Parcel #246000200

Facts & features

Interior

Bedrooms: 4
Bathrooms: 2
Bath breakdown: 2 3/4
Heating: Forced Air
Cooling: Central Air, Ductless Mini-Split, Window Unit(s)
Appliances: Dryer, Gas Water Heater, Range, Refrigerator, Washer

Property

Levels / stories: One and One Half
Garage: 2 spaces · 22 X 31 · 702 sqft
Carport: 2
Parking features: Detached Garage, Asphalt, Concrete, Shared Driveway, Finished Garage, Garage Door Opener, Heated Garage, Insulated Garage, Multiple Garages
Patio & porch: Front Porch, Patio
Exterior features: Shakes, Vinyl

Construction

Property type: Residential
Property subtype: Single Family
Construction materials: Block, Frame
Foundation: Block · 840 sqft
Roof: Age 8 Years or Less, Asphalt
Year built: 1984

Utilities

Water: City Water/Connected
Sewer: City Sewer/Connected
Fuel: Natural Gas
Electric: Circuit Breakers

Community & HOA

Subdivision: Outlots-Snows Add
HOA: No HOA
School district: 2143 - Waterville-Elysian-Morristown
High school district: Waterville-Elysian-Morristown

Financial & listing details

Annual tax: $1,194 (2025)
Tax with assessments: 860
Listed: Jul 11, 2026
Days on market: 80 · 86 cumulative
Manufactured home: Yes

Interior details

Total bathrooms2

Full baths0

3/4 baths2

Half baths0

1/4 baths0

BasementCrawl Space

HeatingForced Air

CoolingCentral Air, Ductless Mini-Split, Window Unit(s)

AppliancesDryer, Gas Water Heater, Range, Refrigerator, Washer

DiningInformal Dining Room

AmenitiesDock, Main Floor Primary Bedroom, Patio, Panoramic View, Washer/Dryer Hookup

AccessibilityNone

Special features3 BR on One Level, All Living Facilities on One Level, Main Floor Primary, Main Floor Bedroom, Main Floor Laundry

Exterior & lot

ExteriorShakes, Vinyl

RoofAge 8 Years or Less, Asphalt

FoundationBlock

Foundation area840 sqft

Patio/porchFront Porch, Patio

Lot featuresAccessible Shoreline, Tree Coverage - Medium, Underground Utilities

Road frontageCity Street, Paved Streets, Street Lights, Storm Sewer

Road responsibilityPublic Maintained Road

ZoningShoreline,Residential-Single Family

Utilities

Water sourceCity Water/Connected

SewerCity Sewer/Connected

FuelNatural Gas

Parking & garage

ParkingDetached Garage, Asphalt, Concrete, Shared Driveway, Finished Garage, Garage Door Opener, Heated Garage, Insulated Garage, Multiple Garages

Garage spaces2

Garage size702 sqft

Financial details

Annual taxes$1,194

Tax year2025

Taxes w/ assessments860

Assessment pendingNo

Down payment resourceYes

Lender ownedNo

Short saleNo

ForeclosureNo

Schools

District2143 - Waterville-Elysian-Morristown

District number2143

District phone5072753115

High schoolWaterville-Elysian-Morristown

SODL flat fee brokerage

$10,200Estimated buyer credit

SODL platform fee $3,000Your buyer credit $10,200

Buyer-side commission

3.0%

How SODL buyer credits work

When you buy with SODL, the brokerage charges a flat $3,000 platform fee at closing. The remaining buyer-side commission (typically 3% of the purchase price) is credited directly back to you at closing, reducing the cash you bring to the table.

Tour homes with SODL’s flexible showing network
Submit offers and manage your transaction through the platform
Keep more money at closing through transparent flat-fee pricing

A clear, modern way to buy with expert guidance and meaningful savings.

Estimated monthly payment

$2,559/mo

Principal & interest$2,312

Property taxes$100

Home insurance (est.)$147

Down payment

$88,000

0%50%

Credit score

Loan term

These payment estimates are for illustration purposes only and may vary based on your lender, interest rate, credit profile, down payment, taxes, insurance, and loan terms. For a more accurate monthly payment estimate, speak with your lender or connect with SODL’s preferred lending partner.