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220 Grace Ave, Iona, MN, 56141

5beds
2baths
2,488sqft
$139,000
$56price/sqft
$1,106/moest. monthly cost
$44,240/yrincome needed

About This Home

Looking for a home that feels like "home"? This spacious 5-bedroom residence perfectly balances its original vintage soul with the clean, fresh updates you’ve been looking for. Why You’ll Love It: The main floor features gorgeous original wood floors that add a sense of history and warmth you just can't find in new builds. Enjoy fresh paint throughout and brand-new, plush carpeting in the bedrooms for ultimate comfort. Large, updated windows let the sunlight pour in while keeping the home quiet and energy-efficient. Space for Everyone: With five bedrooms, you have all the flexibility you need for guests, office, or a dedicated playroom. This home has a unique personality and a "lived-in" charm. It’s the perfect spot for anyone who appreciates a house with a story but wants the ease of modern updates.

Getting Around

13
WalkingCar-Dependent
0
TransitVery Limited Transit
30
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Year built: 1890

Materials

  • Roof: Age Over 8 Years,Asphalt
  • Construction materials: Concrete,Frame

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Appliances

  • Appliances included: Electric Water Heater,Range,Refrigerator,Washer,Water Softener Owned
  • Laundry features: In Kitchen

Basement

  • Has basement: Yes
  • Basement: Block,Concrete

Bathroom

  • Level: Main

Bathroom

  • Level: Upper

Bedroom

  • Level: Main

Bedroom2

  • Level: Main

Bedroom3

  • Level: Main

Bedroom4

  • Level: Upper

Bedroom5

  • Level: Upper

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 2
  • Full bathrooms: 1
  • 3/4 bathrooms: 1

Features

  • Finished area below ground: 0
  • Finished area above ground: 1,738

Heating & Cooling

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

Interior Area

  • Total structure area: 2,488
  • Total interior livable area: 2,488 sqft

Kitchen

  • Level: Main

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 271210140
  • Zoning description: Residential-Single Family
  • Foundation area: 869

Features

  • Levels: Two
  • Stories: 2
  • Fencing: None

Lot

  • Lot size: 10,846 sqft
  • Features: Corner Lot
  • Lot size dimensions: 165 x 66

Parking

  • Parking features: Gravel,Electric Vehicle Charging Station(s),RV Access/Parking

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

  • Strong Wind
    Strong WindVery High
  • Winter Weather
    Winter WeatherVery High
  • Cold Wave
    Cold WaveRelatively High
  • Drought
    DroughtRelatively High
  • Hail
    HailRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Ice Storm
    Ice StormRelatively High
  • Tornado
    TornadoRelatively High

How This Home’s Risks Compare

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

FEMA Declared Disasters in Murray 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 $702$8,424
Home Insurance *$110$1,320
Property Taxes $85$1,020
Electricity $209$2,518
Total$1,106$13,272
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$37,920/yr
40% on housing$33,180/yr
45% on housing$29,493/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: 13.2%
13.2%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 3.9%
3.9%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$56This listing

vs Other Active Listings

Avg $/sqft

ZIP 56141$174
Murray County$113

vs Homes Sold Last Month

Median $/sqft

ZIP 56141
Murray County$112

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
2026-04-06Price change$139,000
2026-01-16Listed for sale$149,000
2005-05-01Sold$7,500

For Sale by Agent

AgentMaike Houser
BrokerageKeller Williams Preferred Rlty

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