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451 Paul Ave, Lake Wilson, MN, 56151

5beds
2baths
2,440sqft
$198,000
$81price/sqft
$1,500/moest. monthly cost
$60,000/yrincome needed

About This Home

Discover this one-of-a-kind gem featuring breathtaking original woodwork and all the "big" updates already done. This home perfectly balances historic soul with modern peace of mind. The Highlights: Main Floor Living: A convenient main-floor bedroom sits alongside an expansive living room and formal dining area—perfect for hosting. Spacious Upstairs: Four additional bedrooms feature raised ceilings and a second full bath, offering plenty of room for family or a home office. The Crown Jewel: Step outside to the largest yard in town! This massive outdoor oasis is a rare find and provides endless possibilities for gardening, play, or entertaining. Don't miss out on this unique blend of classic craftsmanship and unmatched outdoor space.

Getting Around

6
WalkingCar-Dependent
0
TransitVery Limited Transit
31
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Year built: 1915

Materials

  • Roof: Age 8 Years or Less
  • Construction materials: Block,Frame

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Microwave

Basement

  • Has basement: Yes
  • Basement: Full,Storage Space,Sump Pump,Unfinished

Bathroom

  • Level: Main

Bathroom

  • Level: Upper

Bedroom

  • Level: Main

Bedroom2

  • Level: Upper

Bedroom3

  • Level: Upper

Bedroom4

  • Level: Upper

Bedroom5

  • Level: Upper

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 2
  • Full bathrooms: 2

Dining Room

  • Level: Main

Features

  • Finished area below ground: 0
  • Finished area above ground: 2,440

Heating & Cooling

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

Interior Area

  • Total structure area: 3,340
  • Total interior livable area: 2,440 sqft

Kitchen

  • Level: Main

Living Room

  • Level: Main

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 281000340
  • Zoning description: Residential-Single Family
  • Foundation area: 1100

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Deck,Rear Porch

Lot

  • Lot size: 0.77 Acres
  • Lot size dimensions: 245 x 155 irregular

Parking

  • Total spaces: 2
  • Parking features: Attached
  • 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

  • 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 $1,001$12,012
Home Insurance *$156$1,872
Property Taxes $138$1,656
Electricity $205$2,469
Total$1,500$18,000
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$51,428/yr
40% on housing$45,000/yr
45% on housing$40,000/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

$81This listing

vs Other Active Listings

Avg $/sqft

ZIP 56151$43
Murray County$111

vs Homes Sold Last Month

Median $/sqft

ZIP 56151
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)

No zestimate history available

Price History

DateEventPrice
2026-05-08Listed for sale$198,000

For Sale by Agent

AgentMaike Houser
BrokerageKeller Williams Preferred Rlty

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