This watermill, also known as Žagač’s or Putar's watermill, stopped working in 1963. Located at the beginning of the Bistrica area in Ivanac, this old watermill also served as a family home. It was built from massive building material so, according to its size, it belonged to larger watermills in the Ivanec region. Today, there are no architectural or material remains of this watermill at the site, the only proof of its existence are some rare photos, which renew our memories and have influence on the visual perception of the past appearance.

In addition to their role in milling, the family that lived there actively participated in the social and economic life of Ivanec. Andro Milić, a member of the family, is mentioned in the weekly journal Naše praviče from 1908, which reports on the Assembly of Handicraft Cooperative in the “Ivančica” Inn.