40559 321st Ln

Aitkin, MN 56431

$899,000
Price
3
Beds
3,715 Sq. Ft.
$242 / Sq. Ft.
3,715
Sq. Ft.
$242
per Sq. Ft.

Description

What an opportunity to own this piece of paradise. A unique one owner property that is truly like no other! Boating, fishing, hunting and recreation along with an abundance of wildlife right out your front door. Ideal for year-round enjoyment from kayaking in the summer to snowmobiling in the winter. Nestled on 31 acres of heavily wood land with approx. 150’ level lakeshore on Hanging Kettle Lake and over 1400’ of frontage on the Ripple River, it offers a rare blend of privacy, recreation, and comfort...What an opportunity to own this piece of paradise. A unique one owner property that is truly like no other! Boating, fishing, hunting and recreation along with an abundance of wildlife right out your front door. Ideal for year-round enjoyment from kayaking in the summer to snowmobiling in the winter. Nestled on 31 acres of heavily wood land with approx. 150’ level lakeshore on Hanging Kettle Lake and over 1400’ of frontage on the Ripple River, it offers a rare blend of privacy, recreation, and comfort only minutes from downtown Aitkin. 3-bedroom 3 bath country home with an open floor plan, offering vaulted ceilings, hardwood flooring, main floor laundry-mudroom convenience, office-sunroom, eat in kitchen with huge walk-in pantry, separate dining area and a gorgeous living room with a wall of windows showcasing stunning lake views, primary bedroom with double closets and a full bathroom. Upstairs loft with 2 bedrooms, large closets and a ¾ bathroom. Basement includes a family room with a wood burning fireplace, wet bar and bonus room, utility room, ample storage throughout and a 3-season porch. Enjoy the southern exposure from your lake facing deck overlooking a meticulously cared for and landscaped yard. 2+ stall insulated and heated garage with upper storage, workshop area and has a floor drain, plus a 30 x 40 pole building with a concrete floor, electricity, upper storage shelving and plenty of room for larger equipment. Off peak electric basement in floor heating, mini split A/C & heat, wood burning fireplace & a heat & glo gas fireplace, newer on demand hot water baseboard boiler. This property is clearly designed for year-round enjoyment and offers a lifestyle that balances rustic charm with modern amenities.
  1. Listed by Cummings Janzen Realty, Inc

Property Details for 40559 321st Lane

View
Lake, South
Waterfront Features
Lake Front, River View
Waterfront YN
Yes
Zoning Jurisdiction
Shoreline,Residential-Single Family
LISTING UPDATED: 10/08/2025 09:32 PM

Property Details for 40559 321st Lane

StatusActive
MLS #6789522
Days on Compass105
Taxes$4,412 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1992
Lot Size31.10 AC / 1,354,716 SF
CountyAitkin County

Location

Listing Courtesy of Cummings Janzen Realty, Inc
Add your commute

Building Information for 40559 321st Lane

Stories-Year Built1992Building Size-Lot Size31.10 AC / 1,354,716 SF

Payment Calculator

$4,810 per month

30 year fixed, 6.28% Interest

Principal and Interest

$4,442

Property Taxes

$368

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 40559 321st Lane

Summary
Location and General Information
  • City Name: Aitkin
  • County Or Parish: Aitkin
  • County: Aitkin-MN
  • Directions: From downtown Aitkin take Deer Street (County Road 12) approx. 2 miles then right on Oak Ave (County Road 39) follow approx. 1 mile then right on 321st Lane property on both sides of gravel road.
  • Latitude: 46.479568
  • Longitude: -93.6983
  • Nbr of Acres: 320
  • Lake Bottom: Hard, Undeveloped, Weeds
  • Lake Chain: N
  • Lake Name: Recreational Development
  • PLAT: 35
  • Map Coordinate: 999-A1
  • Map Coordinate Source: King's Street Atlas
  • City and Location: Aitkin
  • City and Location Text: Aitkin(MN)
  • Postal Code: 56431
  • State Or Province: MN
  • Public Survey Township: 46
  • Waterfront Property YN: No
  • Complex Name: Hanging Kettle
  • Waterfront Footage: 01017000
  • Waterfront Descrip: 0-4
  • Waterfront Frontage: 150
  • Waterfront Desc: Level
Taxes and HOA Information
  • Additional Parcels: No
  • Association Fee: $.00
  • Association: No
  • Parcel Number: 070026205
  • Tax Annual Amount: $4,412.00
  • Tax Legal Description: 13.00 AC OF NE SW & 3.90 AC OF LOT 2 & E 690 FT OF NW SE LESS .59 AC
  • Tax Other Annual Assessment Amount: $.00
  • Tax Year: 2025
  • Tax With Assessments: 4412.0000
School Information
  • High School District: 8001 - Aitkin
  • School District Number: 8001
  • School District Phone: 218-927-2115
Property
Lot Information
  • Above Grade Fin SQFT: 2195.0
  • Below Grade Fin SQFT: 1520.0
  • SQFT Total: 3715.0
  • Lot Features: Many Trees
  • Lot Size Area: 31.1
  • Lot Size Dimensions: 415x66x147x144x222x215x1160x957x1424x168x335x150
  • Lot Size Square Feet: 1354716.0
  • Lot Size Units: Acres
  • Other Structures: Pole Building
  • Present Use: Yearly
  • Property Attached: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • SQFT Main Total: 1520.0000
  • Building Area Total: 3715.0
  • Above Grade SqFt Total: 2195.0000
  • Below Grade SqFt Total: 1520.0000
Property and Assessments
  • Age Of Property: 33
Utilities
  • Electric: 200+ Amp Service
  • Sewer: Private Sewer, Tank with Drainage Field
  • Water Source: Drilled, Well
Interior and Exterior Features
Exterior Features
  • Accessibility Features: None
  • Foundation Area: 1520.0
  • Fuel: Electric,Propane,Wood
  • Road Frontage Type: Private Road, Township
  • Road Responsibility: Private Maintained Road
  • Roof: Age Over 8 Years, Asphalt
  • Patio Porch Type: Deck,Front Porch,Screened,Wrap Around
Interior Features
  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Fuel Tank - Rented, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer, Water Softener Owned
  • Basement Type: Drain Tiled, Egress Window(s), Finished, Full, Storage Space, Walkout
  • Amenities Unit: Ceiling Fan(s),Deck,Hardwood Floors,Kitchen Center Island,Kitchen Window,Main Floor Primary Bedroom,Multiple Phone Lines,Natural Woodwork,Porch,Vaulted Ceiling(s),Washer/Dryer Hookup,Wet Bar
  • Bath Desc: 3/4 Basement,Full Primary,Main Floor Full Bath,Upper Level 3/4 Bath
  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Bathrooms One Quarter: 0
  • Bathrooms Three Quarter: 2
  • Bathrooms Total Count: 3
  • Bedrooms Total: 3
  • Fireplace Features: Family Room, Gas, Living Room, Wood Burning
  • Fireplaces Total: 2
  • FireplaceYN: Yes
  • Cooling: Ductless Mini-Split
  • Dining Room Description: Breakfast Bar,Kitchen/Dining Room
  • Garage Dimensions: 24 x 36
  • Garage Square Feet: 864
  • Heating: Baseboard, Boiler, Ductless Mini-Split, Dual, Fireplace(s), Radiant Floor
  • Levels: One and One Half
  • Room Type: Living Room, Dining Room, Kitchen, Pantry (Walk-In), Bedroom 1, Primary Bathroom, Office, Laundry, Loft, Bedroom 2, Bedroom 3, Bathroom, Family Room, Bonus Room, Bar/Wet Bar Room, Mud Room, Utility Room, Three Season Porch
  • Room List: Living Room, Dining Room, Kitchen, Pantry (Walk-In), Bedroom 1, Primary Bathroom, Office, Laundry, Loft, Bedroom 2, Bedroom 3, Bathroom, Family Room, Bonus Room, Bar/Wet Bar Room, Mud Room, Utility Room, Three Season Porch
  • Basement YN: Yes
Room Information
Room 1
  • Room Dimensions: 14.2 x 21.9
  • Room Level: Main
  • Room Type: Living Room
Room 2
  • Room Level: Main
  • Room Type: Dining Room
Room 3
  • Room Dimensions: 13.7 x 24
  • Room Level: Main
  • Room Type: Kitchen
Room 4
  • Room Dimensions: 3 x 9
  • Room Level: Main
  • Room Type: Pantry (Walk-In)
Room 5
  • Room Dimensions: 16.11 x 13.8
  • Room Level: Main
  • Room Type: Bedroom 1
Room 6
  • Room Dimensions: 9.11 x 9.4
  • Room Level: Main
  • Room Type: Primary Bathroom
Room 7
  • Room Dimensions: 16.5 x 10
  • Room Level: Main
  • Room Type: Office
Room 8
  • Room Dimensions: 16.7 x 6.8
  • Room Level: Main
  • Room Type: Laundry
Room 9
  • Room Dimensions: 13.9 x 18.10
  • Room Level: Upper
  • Room Type: Loft
Room 10
  • Room Dimensions: 13.4 x 13.6
  • Room Level: Upper
  • Room Type: Bedroom 2
Room 11
  • Room Dimensions: 13.5 x 13.10
  • Room Level: Upper
  • Room Type: Bedroom 3
Room 12
  • Room Dimensions: 9.9 x 6.5
  • Room Level: Upper
  • Room Type: Bathroom
Room 13
  • Room Dimensions: 17 x 17
  • Room Level: Basement
  • Room Type: Family Room
Room 14
  • Room Dimensions: 16 x 26
  • Room Level: Basement
  • Room Type: Bonus Room
Room 15
  • Room Dimensions: 7 x 9
  • Room Level: Basement
  • Room Type: Bathroom
Room 16
  • Room Dimensions: 8 x 12
  • Room Level: Basement
  • Room Type: Bar/Wet Bar Room
Room 17
  • Room Dimensions: 9 x 21
  • Room Level: Basement
  • Room Type: Mud Room
Room 18
  • Room Dimensions: 9 x 15
  • Room Level: Basement
  • Room Type: Utility Room
Room 19
  • Room Dimensions: 10 x 48
  • Room Level: Basement
  • Room Type: Three Season Porch

Property History for 40559 321st Lane

DateEvent & SourcePriceAppreciation
Sep 16, 2025

Price Change

NorthStar #6789522

$899,000—
Sep 16, 2025

Listed (Active)

NorthStar #6789522

—
DateEvent & SourcePrice
09/16/2025

Price Change

NorthStar #6789522

$899,000
09/16/2025

Listed (Active)

NorthStar #6789522

—

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 40559 321st Lane

Taxable ValueLand$289,400Additions$551,700Total$841,100
Tax Record2024$4,412 ($368 / month)
Home Facts
Beds0Total Finished SqFt1,520 SqFtAbove Grade Finished SqFt1,520 SqFtLot Size1,354,716 SqFtStyleSingle Family ResidenceYear Built1992CountyAITKINAPN07-0-026205

Schools near 40559 321st Lane

This home is within Aitkin Public School District.
Rating
School
Type
Grades
Distance
Rippleside Elementary School
Public - PK to 6
Aitkin Secondary School
Public - 7 to 12
Aitkin Alternative Learning Program
Public - 8 to 12
Rating
School
Distance
Rippleside Elementary School
PublicPK to 6

Aitkin Secondary School
Public7 to 12

Aitkin Alternative Learning Program
Public8 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 40559 321st Lane, Aitkin, MN 56431

40559 321st Lane is a single family home for sale in Aitkin, MN 56431. This property was listed for sale on September 16, 2025 by Cummings Janzen Realty, Inc, it's currently listed at $899,000. This listing's school district is Aitkin Public School District. Nearby schools include Rippleside Elementary School, Aitkin Secondary School and Aitkin Alternative Learning Program. 40559 321st Lane is a 3-bed, 3-bath, 3,715 sqft single family home built in 1992.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Cummings Janzen Realty, Inc

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 01/01/2026 12:30 AM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.