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238 Locust Ave, Owatonna, MN, 55060

2beds
1baths
1,240sqft
$125,000
$101price/sqft
$1,073/moest. monthly cost
$42,920/yrincome needed

About This Home

This inviting residence features 2 bedrooms. The main floor offers a warm and functional layout, including a large kitchen with a breakfast bar, and a convenient half bath. A single car garage provides excellent storage and parking. Step outside to enjoy the backyard, ideal for relaxing or entertaining. While the home may benefit from updates, it remains in great overall condition and is filled with potential for its next owner.

Getting Around

22
WalkingCar-Dependent
0
TransitVery Limited Transit
33
BikeSomewhat Bikeable

Schools

5/10
5/10
8/10

Construction

Condition

  • Year built: 1910

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Basement

  • Has basement: Yes
  • Basement: Partial

Bedroom

  • Level: Upper
  • Area: 182
  • Dimensions: 14x13

Bedroom2

  • Level: Upper

Bedrooms & Bathrooms

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

Dining Room

  • Level: Main

Family Room

  • Level: Main

Features

  • Finished area below ground: 0
  • Finished area above ground: 1,240

Heating & Cooling

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

Interior Area

  • Total structure area: 1,240
  • Total interior livable area: 1,240 sqft

Kitchen

  • Level: Main
  • Area: 159.5
  • Dimensions: 14.5x11

Laundry

  • Level: Main
  • Area: 84
  • Dimensions: 14x6

Living Room

  • Level: Main
  • Area: 255
  • Dimensions: 15x17

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 171320231
  • Zoning description: Residential-Single Family
  • Foundation area: 1240

Features

  • Levels: One and One Half
  • Stories: 1

Lot

  • Lot size: 5,662 sqft
  • Lot size dimensions: 128 x 45

Parking

  • Total spaces: 1
  • Parking features: Detached Garage
  • 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
  • Tornado
    TornadoRelatively High
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Strong Wind
Tornado
Hail
Inland Flooding
Winter Weather

FEMA Declared Disasters in Steele 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 $632$7,584
Home Insurance *$95$1,140
Property Taxes $176$2,112
Electricity $170$2,050
Total$1,073$12,876
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$36,788/yr
40% on housing$32,190/yr
45% on housing$28,613/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: 10.7%
10.7%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 1.8%
1.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$101This listing

vs Other Active Listings

Avg $/sqft

ZIP 55060$144
Steele County$144

vs Homes Sold Last Month

Median $/sqft

ZIP 55060$145
Steele County$128

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
2026-05-05Price change$142,000
2026-03-31Price change$149,900
2026-02-26Price change$159,900
2026-01-27Price change$162,000
2025-12-26Listed for sale$169,900
2021-03-10Listing removed--
2016-07-21Sold$107,900
2016-05-18Price change$104,900
2016-04-30Price change$99,000
2016-04-13Price change$104,500
2016-03-29Listed for sale$109,000
2014-09-19Sold$82,000
2014-08-13Pending sale$79,900
2014-06-05Listed for sale$79,900
2011-12-30Sold$99,900
2011-07-27Sold$99,900
2010-07-30Sold$109,900
2008-11-07Sold$119,900
2008-06-25Sold$119,900
2007-11-09Sold$119,900
2006-10-24Sold$139,900
2005-10-21Sold$119,900
2005-03-22Sold$109,900

For Sale by Agent

AgentDebra L. Schmidt
BrokerageHelp-U-Sell Heritage Real Est.

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