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407 S Minnesota St, Redwood Falls, MN, 56283

4beds
2baths
3,078sqft
$155,000
$50price/sqft
$1,304/moest. monthly cost
$52,160/yrincome needed

About This Home

Step into a home where history and charm meet modern comfort! This beautiful 2.25 story residence with timeless character showcases rich original woodwork, hardwood floors, and vintage details — ornate trim, built-in cabinetry, an enclosed front porch, and classic touches throughout. Spacious and inviting, the layout includes generous living and dining areas perfect for entertaining, along with plenty of natural light streaming through large, original windows. The upper floors offer versatile living space, including 4 bedrooms and a full bath, plus a cozy attic nook perfect for a home office, reading retreat, or guest bedrooms. New roof in 2019, new boiler in 2022, and the house is on an updated foundation of cement block. Attached 22’ x 20’ garage.

Getting Around

43
WalkingCar-Dependent
0
TransitVery Limited Transit
31
BikeSomewhat Bikeable

Schools

5/10
6/10

Construction

Condition

  • Year built: 1917

Materials

  • Roof: Asphalt

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Appliances

  • Appliances included: Dryer,Range,Refrigerator,Washer
  • Laundry features: Main Level

Basement

  • Has basement: Yes
  • Basement: Unfinished

Bedrooms & Bathrooms

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

Features

  • Number of fireplaces: 1
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 1,894

Heating & Cooling

  • Heating features: Hot Water
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 3,078
  • Total interior livable area: 3,078 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 882004020
  • Zoning description: Residential-Single Family
  • Foundation area: 947

Features

  • Levels: More Than 2 Stories
  • Patio & porch: Enclosed,Front Porch

Lot

  • Lot size: 3,615 sqft
  • Lot size dimensions: 40 x 90

Parking

  • Total spaces: 1
  • Parking features: Attached
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

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 WaveRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Cold Wave
Strong Wind
Winter Weather
Heat Wave
Inland Flooding
Tornado

FEMA Declared Disasters in Redwood 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 $783$9,396
Home Insurance *$128$1,536
Property Taxes $134$1,608
Electricity $259$3,115
Total$1,304$15,648
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$44,708/yr
40% on housing$39,120/yr
45% on housing$34,773/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: 13.0%
13.0%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 6.2%
6.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$50This listing

vs Other Active Listings

Avg $/sqft

ZIP 56283$95
Redwood County$89

vs Homes Sold Last Month

Median $/sqft

ZIP 56283
Redwood County$123

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
2026-04-30Price change$164,500
2026-03-26Price change$167,500
2026-02-19Price change$172,500
2025-11-12Price change$179,500
2025-07-28Price change$184,500
2025-07-15Price change$189,500
2025-07-08Price change$194,500
2025-06-25Listed for sale$199,500

For Sale by Agent

AgentAmanda Frank
BrokerageReiner Real Estate

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