4365 40th Street SW, Waverly, MN 55390 (MLS# 7056338)


$675,000
4365 40th Street SW
Waverly, MN 55390
MLS# 7056338
3 beds  |  1 baths  |  2556 sqft


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Property Description
Located just 1.5 miles north of Waverly, this property earns its name from the unique presence of Twelve Mile Creek, which meanders entirely through the land. Originating from Waverly and Little Waverly Lakes, the creek flows through a scenic wooded corridor before ultimately connecting to the North Fork Crow River approximately half a mile to the north. These wooded creek and river corridors serve as habitat corridors for wildlife, and it shows. Deer sign, turkey tracks, actual turkeys, and ducks were seen on the property. With this kind of natural setting, you can literally hunt right out your back door. Given the connection to both lakes and a river system, it's entirely possible that fish species occasionally travel through the creek as well. On either side of the wooded creek corridor lies productive tillable ground, about 26+/- acres with a solid CPI rating of 79.6. The eastern field, just over 6 acres, is a great candidate for a larger food plot setup. The tillable land is currently rented for the 2026 crop season at $190/ac as it's been a long time friend/renter. Tenant will be allowed to harvest the crops. After that, the new owner has full flexibility—keep it in production, convert it to pasture for horses, or design and convert it into more habitat. The farm site includes an older farmhouse with just under 2,000 finished square feet, featuring three bedrooms and one bath, along with additional rooms that could easily serve as extra bedrooms or an office. If you desire a new or larger home, there is plenty of space to build your dream home off the asphalt county road. The existing septic system was updated in 2016 and is sized for a 4-bedroom home, and there’s a drilled well already in place. One of the real highlights here is the impressive 80' x 45' fully concrete shop. The front includes a covered porch; inside, half the space is heated, while the other half has in-floor PEX lines already installed for future heat if desired. The seller previously used the heated portion for machine work—it’s clean, functional, and includes in-floor heat, water, and plumbing stubbed in for a toilet. Additional outbuildings include a lean-to and a detached 2-car garage, providing even more space for gear, equipment, or toys. Welcome to the country!!

Details
Maps
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Active
Contingency: None
Current Price: $675,000
Original List Price: 675000
ListPrice: 675000
List Date: 2026-04-15
Office/Member Info
Association: MAAR
General Property Information
Common Wall: No
Lot Measurement: Acres
Manufactured Home?: No
Multiple PIDs?: No
New Development: No
Number of Fireplaces: 0
Waterfront Present: Yes
Year Built: 1910
Yearly/Seasonal: Yearly
Zoning: Agriculture
Lot Dimensions: 1320 x 1320 x 1320 x 1320
Acres: 40
Bath Three Quarters: 0
Bath Half: 0
Lake/Waterfront Name: Twelvemile Creek
Bath Quarter: 0
Main Floor Total SqFt: 1116
Above Grd Total SqFt: 1980
Below Grd Total SqFt: 576
Total Finished Sqft: 1980.00
FireplaceYN: No
Foundation Size: 1116
Style: (SF) Single Family
Garage Stalls: 2
Association Fee: 0
Assessment Pending: Unknown
Bedrooms: 3
Baths Total: 1
Bath Full: 1
Total SqFt: 2556
Location, Tax and Other Information
AssocFeeYN: No
Legal Description: SECT-29 TWP-119 RANGE-026 UNPLATTED LAND MARYSVILLE TWP 40.00 AC NW OF NE
Listing City: Waverly
Map Page: 71
Municipality: Marysville Twp
School District: Howard Lake-Waverly-Winsted
School District Phone: 320-543-3521
DNR Lake Classification: Not Applicable
Zip Plus 4: 5525
Property ID Number: 211000291200
Tax Year: 2025
Tax Amount: 2416
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Located just 1.5 miles north of Waverly, this property earns its name from the unique presence of Twelve Mile Creek, which meanders entirely through the land. Originating from Waverly and Little Waverly Lakes, the creek flows through a scenic wooded corridor before ultimately connecting to the North Fork Crow River approximately half a mile to the north. These wooded creek and river corridors serve as habitat corridors for wildlife, and it shows. Deer sign, turkey tracks, actual turkeys, and ducks were seen on the property. With this kind of natural setting, you can literally hunt right out your back door. Given the connection to both lakes and a river system, it's entirely possible that fish species occasionally travel through the creek as well. On either side of the wooded creek corridor lies productive tillable ground, about 26+/- acres with a solid CPI rating of 79.6. The eastern field, just over 6 acres, is a great candidate for a larger food plot setup. The tillable land is currently rented for the 2026 crop season at $190/ac as it's been a long time friend/renter. Tenant will be allowed to harvest the crops. After that, the new owner has full flexibility—keep it in production, convert it to pasture for horses, or design and convert it into more habitat. The farm site includes an older farmhouse with just under 2,000 finished square feet, featuring three bedrooms and one bath, along with additional rooms that could easily serve as extra bedrooms or an office. If you desire a new or larger home, there is plenty of space to build your dream home off the asphalt county road. The existing septic system was updated in 2016 and is sized for a 4-bedroom home, and there’s a drilled well already in place. One of the real highlights here is the impressive 80' x 45' fully concrete shop. The front includes a covered porch; inside, half the space is heated, while the other half has in-floor PEX lines already installed for future heat if desired. The seller previously used the heated portion for machine work—it’s clean, functional, and includes in-floor heat, water, and plumbing stubbed in for a toilet. Additional outbuildings include a lean-to and a detached 2-car garage, providing even more space for gear, equipment, or toys. Welcome to the country!!
Directions: In Waverly from the int. of Hwy. 12 and Co Rd 8, N on 8 approx. 2.5 miles to 40th St SW. East of 40th approx. 1 mile to driveway/address on south side of 40th St. SW
Accessible
None: 1
Acreage Information
Tillable Acres: 26
Air Conditioning
None: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 2416
Basement
Other: 1
Building Information
Finished SqFt Above Ground: 1980
Construction Status
Previously Owned: 1
Exterior
Metal: 1
Foundation
Stone: 1
Fuel
Oil: 1
Heating
Forced Air: 1
Insurance Fee
Insurance Fee: 0
Lake Details
Lake Depth: 0
Lake/Waterfront
Creek/Stream: 1
Lease Details
Land Leased: Not Applicable
Lot Description
Suitable for Horses: 1
Tillable: 1
Tree Coverage - Medium: 1
Miscellaneous Information
DP Resource: Yes
Homestead: Yes
Outbuildings
Lean-To: 1
Pole Building: 1
Workshop: 1
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Square Feet: 672
Insulated Garage: 1
Public Survey Info
Range#: 26
Section#: 29
Township#: 119
Road Frontage
Paved Streets: 1
Sewer
Mound Septic: 1
Stories
More Than 2 Stories: 1
Water
Drilled: 1
Location Tax and Other Information
House Number: 4365
Street Name: 40th
Street Suffix: Street
Street Direction Suffix: SW
Postal City: Waverly
County: Wright
State: MN
Zip Code: 55390
Property Features
Accessible: None
Air Conditioning: None
Basement: Other
Construction Status: Previously Owned
Exterior: Metal
Foundation: Stone
Fuel: Oil
Heating: Forced Air
Lot Description: Suitable for Horses; Tillable; Tree Coverage - Medium
Outbuildings: Lean-To; Pole Building; Workshop
Parking Characteristics: Insulated Garage
Road Frontage: Paved Streets
Sewer: Mound Septic
Stories: More Than 2 Stories
Water: Drilled

IDX
Listing Office: Whitetail Properties Real Estate

Last Updated: April - 17 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.