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331 Willow St E, Detroit Lakes, MN, 56501

3beds
3baths
3,212sqft
$369,900
$115price/sqft
$2,457/moest. monthly cost
$98,280/yrincome needed

About This Home

Rare opportunity to own a spacious, income-generating home in one of the city’s most walkable neighborhoods. Just blocks from schools, the hospital, beach, grocery stores, restaurants, and daily amenities, this charming stucco home offers 3 bedrooms, 3 bathrooms, and potential for 2 additional bedrooms which need egress windows. A private upper-level 1-bedroom, 1-bath suite with a separate entrance provides excellent flexibility for rental income, guests, or a home-based business. The property also features an oversized 2-stall detached garage, large private deck, partially fenced backyard, custom firepit, and an optional hot tub available for purchase. Perfect as a primary residence, investment property, or both, this versatile home delivers exceptional potential in an unbeatable location.

Getting Around

56
WalkingSomewhat Walkable
0
TransitVery Limited Transit
54
BikeBikeable

Schools

6/10
Rossman Elementary SchoolGrades PK-50.6 mi
5/10

Construction

Condition

  • Year built: 1939

Materials

  • Roof: Asphalt
  • Construction materials: Frame

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Gas Water Heater,Microwave,Range,Refrigerator,Washer
  • Laundry features: Lower Level

Basement

  • Has basement: Yes
  • Basement: Full

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 2
  • 3/4 bathrooms: 1

Features

  • Number of fireplaces: 2
  • Fireplace features: Electric Log,Gas
  • Fireplace: Yes
  • Finished area below ground: 1,120
  • Finished area above ground: 2,092

Heating & Cooling

  • Heating features: Forced Air,Fireplace(s),Other
  • Cooling features: Central Air

Interior Area

  • Total structure area: 3,212
  • Total interior livable area: 3,212 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 492330000
  • Zoning description: Residential-Single Family
  • Foundation area: 1064

Features

  • Levels: One and One Half
  • Stories: 1
  • Patio & porch: Deck
  • Fencing: Partial

Lot

  • Lot size: 9,147 sqft
  • Lot size dimensions: 149 x 60

Parking

  • Total spaces: 2
  • Parking features: Detached Garage,Concrete,Storage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

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

  • Winter Weather
    Winter WeatherVery High
  • Cold Wave
    Cold WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Winter Weather
Cold Wave
Inland Flooding
Strong Wind
Tornado

FEMA Declared Disasters in Becker 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 $1,870$22,440
Home Insurance *$233$2,796
Property Taxes $84$1,008
Electricity $270$3,250
Total$2,457$29,484
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$84,240/yr
40% on housing$73,710/yr
45% on housing$65,520/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: 11.5%
11.5%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 0.1%
0.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$115This listing

vs Other Active Listings

Avg $/sqft

ZIP 56501$236
Becker County$250

vs Homes Sold Last Month

Median $/sqft

ZIP 56501
Becker County$169

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
2026-08-16Price change$359,900
2026-07-20Price change$369,900
2026-06-17Listed for sale$379,900
2020-11-05Listing removed$259,900
2020-09-22Price change$259,900
2020-09-04Listed for sale$269,900
2013-09-30Sold$200,000
2013-07-24Price change$209,000
2013-07-13Price change$224,900
2013-07-04Listed for sale$239,000
2010-04-09Sold$142,000

For Sale by Agent

AgentLief Rogstad
BrokerageAction Realty of Detroit Lakes

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