704 E Walnut St, Redwood Falls, MN, 56283
About This Home
Investor Opportunity! Handyman Special with Great Potential-This 1937 home is ready for its next chapter and perfect for investors, flippers, or handy buyers looking to build equity. The owner started by taking it down to the studs, giving you a blank slate to transform it into something special. It features a solid concrete block basement and sits on a spacious oversized corner lot, offering extra yard space and possibilities. The location is hard to beat! Situated across the street from a park with sand volleyball courts and picnic area, and just minutes from the 18-hole Redwood Falls Golf Club and beautiful Ramsey Park, a 256-acre destination featuring walking trails, a zoo, scenic waterfall, and outdoor recreation. Whether you’re looking for your next investment project, flip, or renovation opportunity, this property offers great potential in a fantastic location.
Getting Around
Car-Dependent
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1937
Materials
- Roof: Asphalt
Type & Style
- Home type: SingleFamily
- Property subType: Single Family
Interior
Basement
- Has basement: Yes
- Basement: Block,Daylight
Features
- Finished area below ground: 0
- Finished area above ground: 0
Heating & Cooling
- Heating features: None
- Cooling features: None
Interior Area
- Total structure area: 550
- Total interior livable area: 550 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 888671740
- Zoning description: Residential-Single Family
- Foundation area: 748
Features
- Levels: One
- Stories: 1
Lot
- Lot size: 10,410 sqft
- Features: Corner Lot
- Lot size dimensions: 120 x 70
Parking
- Parking features: Gravel
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
- Winter Weather
- Cold Wave
- Heat Wave
- Strong Wind
- Hail
- Inland Flooding
- Ice Storm
- Lightning
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters in Redwood County and Minnesota
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $202 | $2,424 |
| Home Insurance * | $33 | $396 |
| Property Taxes | $27 | $324 |
| Electricity | $170 | $2,050 |
| Total | $432 | $5,184 |
Income You'd Need if You Spent...
Minnesota FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-18 | Listed for sale | $40,000 |
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