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312 Grove Ave, Montevideo, MN, 56265

1beds
1baths
1,039sqft
$147,000
$141price/sqft
$1,283/moest. monthly cost
$51,320/yrincome needed

About This Home

Welcome to this beautifully remodeled 1 bedroom, 1 bathroom studio-style home that’s been updated from top to bottom! From the moment you step inside, you’ll appreciate the fresh, modern feel with new flooring, stainless steel appliances, kitchen cabinets, windows, roof, carpeting, light fixtures, vinyl siding, and more. The open-concept main level seamlessly connects the kitchen, dining, and living spaces, all filled with tons of natural light that makes the home feel bright and inviting. Upstairs, a charming loft offers flexible space for extra sleeping, a home office, or a cozy retreat. Downstairs, you’ll find the primary bedroom complete with a walk-in closet and convenient access to laundry. Whether you’re looking for the perfect starter home or a solid investment opportunity, this one checks the boxes. Schedule your showing today!

Getting Around

58
WalkingSomewhat Walkable
0
TransitVery Limited Transit
60
BikeBikeable

Schools

--
Ramsey Elementary SchoolGrades K-20.6 mi
5/10
Montevideo Middle SchoolGrades 5-81.2 mi
7/10

Construction

Condition

  • Year built: 1922

Materials

  • Roof: Asphalt
  • Construction materials: Block

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Appliances

  • Appliances included: Chandelier,Dishwasher,Freezer,Gas Water Heater,Microwave,Range,Refrigerator,Stainless Steel Appliance(s)
  • Laundry features: In Basement,Lower Level

Basement

  • Has basement: Yes
  • Basement: Egress Window(s),Finished,Full

Bathroom

  • Level: Main
  • Area: 84
  • Dimensions: 10.5 x 8

Bedroom

  • Level: Lower
  • Area: 240
  • Dimensions: 15x16

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Dining Room

  • Level: Main
  • Area: 72
  • Dimensions: 8x9

Features

  • Finished area below ground: 360
  • Finished area above ground: 679

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,039
  • Total interior livable area: 1,039 sqft

Kitchen

  • Level: Main
  • Area: 200
  • Dimensions: 20x10

Laundry

  • Level: Lower
  • Area: 96
  • Dimensions: 16x6

Living Room

  • Level: Main
  • Area: 90
  • Dimensions: 12x7.5

Loft

  • Level: Upper
  • Area: 235.75
  • Dimensions: 20.5x11.5

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 703300205
  • Zoning description: Residential-Single Family
  • Foundation area: 360

Features

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

Lot

  • Lot size: 2,744 sqft
  • Features: Corner Lot
  • Lot size dimensions: 50 x 55

Parking

  • Parking features: Concrete

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

  • Cold Wave
    Cold WaveVery High
  • Winter Weather
    Winter WeatherVery High
  • Heat Wave
    Heat WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Hail
    HailModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Cold Wave
Winter Weather
Heat Wave
Inland Flooding
Strong Wind
Tornado
Hail
Ice Storm
Lightning

FEMA Declared Disasters in Chippewa 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 $743$8,916
Home Insurance *$163$1,956
Property Taxes $207$2,484
Electricity $170$2,050
Total$1,283$15,396
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$43,988/yr
40% on housing$38,490/yr
45% on housing$34,213/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: 11.0%
11.0%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 7.0%
7.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$141This listing

vs Other Active Listings

Avg $/sqft

ZIP 56265$95
Chippewa County$94

vs Homes Sold Last Month

Median $/sqft

ZIP 56265
Chippewa County$102

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
2026-04-17Listed for sale$147,000
2024-07-03Sold$48,000

For Sale by Agent

AgentJayme Sczublewski
BrokerageNew London Real Estate, Inc.

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