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506 S Washington Ave, Saint Peter, MN, 56082

2beds
2baths
1,620sqft
$295,000
$182price/sqft
$2,202/moest. monthly cost
$88,080/yrincome needed

About This Home

This move-in ready 2-bedroom, 1 3/4 -bath one-level townhome is located across the street from St. Peter’s Community Center, public library, and Gorman park, and is within walking distance of grocery stores and Gustavus Adolphus College. Step into a large living room with a gas fireplace, abundant natural light, and sliding doors leading to a patio overlooking the park. The dining room and kitchen, with generous storage, are adjoining the living room, making this home ideal for entertaining. The large master suite has ample windows, two large closets, and a 3/4 bathroom. The second bedroom is adjacent to a full bathroom that includes shower and jacuzzi tub. Recently updated with fresh paint, plumbing, and new appliances—including refrigerator, dishwasher, and heat recovery ventilator—this home is move-in ready. Washer and dryer also stay with the home. Large attached 2-car garage behind the unit provides easy access to the home without having to navigate the weather. Yard maintenance, driveway and sidewalk snow removal, and garbage/recycling delivery to/from the curb are covered by the homeowner’s association.

Getting Around

67
WalkingSomewhat Walkable
0
TransitVery Limited Transit
49
BikeSomewhat Bikeable

Schools

6/10
St. Peter Middle SchoolGrades 5-80.3 mi
8/10
--
South Elementary SchoolGrades K-10.7 mi

Construction

Condition

  • Year built: 2001

Materials

  • Foundation: Slab
  • Roof: Asphalt

Type & Style

  • Home type: SingleFamily

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Garbage disposal,Range / Oven,Refrigerator,Washer

Basement

  • Basement: None

Bedrooms & Bathrooms

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

Features

  • Flooring: Carpet,Linoleum / Vinyl
  • Fireplace features: masonry
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Forced air,Heat pump,Electric
  • Cooling features: Central

Interior Area

  • Total interior livable area: 1,620 sqft

Property

Details

  • Parcel number: 194860010

Features

  • Exterior features: Vinyl,Brick
  • Has spa: Yes
  • Has view: Yes
  • View description: Park,City

Lot

  • Lot size: 0.45 Acres

Parking

  • Total spaces: 2
  • Parking features: Garage - Attached,Off-street

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
  • Strong Wind
    Strong WindVery High
  • Winter Weather
    Winter WeatherVery High
  • Hail
    HailRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Tornado
    TornadoRelatively High
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Cold Wave
Strong Wind
Winter Weather
Hail
Inland Flooding
Tornado
Heat Wave

FEMA Declared Disasters in Nicollet 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 $1,491$17,892
Home Insurance *$201$2,412
Property Taxes $340$4,080
Electricity $170$2,050
Total$2,202$26,424
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$75,497/yr
40% on housing$66,060/yr
45% on housing$58,720/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: 2.3%
2.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$182This listing

vs Other Active Listings

Avg $/sqft

ZIP 56082$147
Nicollet County$141

vs Homes Sold Last Month

Median $/sqft

ZIP 56082
Nicollet County

Current Market Trends

No market data available for this area

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-05-09Listed for sale$295,000
2009-07-07Sold$165,000

For Sale by Owner

AgentProperty Owner

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