301 7th St NW, New Richland, MN, 56072
About This Home
Welcome to this stunning corner-lot home in New Richland, a place where generous space, high-end updates, and everyday convenience come together. This spacious home offers room to live, grow, and enjoy. Perfectly located 30 minutes to Owatonna, 25 from Albert Lea, and 45 minutes to Mankato, giving you access to employment, amenities, and regional cities without sacrificing small-town. Inside, the flow is seamless. This home also includes two ovens (1 gas + 1 electric) in the gourmet kitchen. The main level opens to kitchen and living spaces that connect naturally, making daily life feel easy. Two bedrooms share a dual bathroom while the expansive primary suite offers a peaceful retreat. Main-level laundry with top end appliances and multiple walk-in closets add functional touches you’ll appreciate every day. Downstairs you’ll find a very large rec area that’s open for games, movies, or workouts, and a fully renovated with new flooring, bedroom & bath that feel like their own inset suite — ideal for guests. This home has been carefully refreshed over the past five years including replacing the stove, refrigerator, dishwasher, washer and dryer. The major systems are newer: furnace & A/C from 2020, tankless water heater in 2022, and a reverse osmosis water softener in 2020. Step outdoors and you’ll love the composite multi-level deck, shaded by mature trees, and bordered by a 6-foot privacy fence installed few years ago. The corner lot adds breathing room, and the attached garage with concrete driveway. The local school is walking distance away, a real bonus for convenience. Where else can you find a house with this much livable space & for little over $100 per finished SQ FT?
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 2006
Materials
- Roof: Age Over 8 Years
- Construction materials: Concrete
Type & Style
- Home type: SingleFamily
- Property subType: Single Family
Interior
Appliances
- Appliances included: Cooktop,Dishwasher,Disposal,Double Oven,Dryer,Water Osmosis System
- Laundry features: Electric Dryer Hookup,Main Level,Sink,Washer Hookup
Basement
- Has basement: Yes
- Basement: Egress Window(s),Finished,Full,Concrete,Sump Pump
Bedroom
- Level: Lower
- Area: 225
- Dimensions: 15x15
Bedroom2
- Level: Main
- Area: 156
- Dimensions: 13x12
Bedroom3
- Level: Main
- Area: 156
- Dimensions: 13x12
Bedroom4
- Level: Lower
- Area: 182
- Dimensions: 14x13
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Deck
- Level: Main
- Area: 400
- Dimensions: 40x10
Dining Room
- Level: Main
- Area: 90
- Dimensions: 10x9
Features
- Number of fireplaces: 1
- Fireplace features: Decorative,Gas
- Fireplace: Yes
- Finished area below ground: 1,867
- Finished area above ground: 2,077
Heating & Cooling
- Heating features: Forced Air
- Cooling features: Central Air
Interior Area
- Total structure area: 2,077
- Total interior livable area: 2,077 sqft
Kitchen
- Level: Lower
- Area: 228
- Dimensions: 12x19
Living Room
- Level: Main
- Area: 342
- Dimensions: 18x19
Recreation Room
- Level: Lower
- Area: 1092
- Dimensions: 26x42
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 153250270
- Zoning description: Residential-Single Family
- Foundation area: 2077
Features
- Levels: One
- Stories: 1
- Pool features: None
- Patio & porch: Composite Decking
- Fencing: Privacy,Wood
Lot
- Lot size: 0.34 Acres
- Features: Corner Lot,Tree Coverage - Medium
- Lot size dimensions: 105 x 143
Parking
- Total spaces: 2
- Parking features: Attached,Concrete
- 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
- Cold Wave
- Drought
- Hail
- Tornado
- Winter Weather
- Inland Flooding
How This Home’s Risks Compare
FEMA Declared Disasters in Waseca 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 | $1,870 | $22,440 |
| Home Insurance * | $320 | $3,840 |
| Property Taxes | $419 | $5,028 |
| Electricity | $175 | $2,102 |
| Total | $2,784 | $33,408 |
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)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-19 | Price change | $399,900 |
| 2026-03-14 | Listed for sale | $409,900 |
| 2026-01-02 | Listing removed | $419,900 |
| 2025-10-15 | Price change | $419,900 |
| 2025-09-02 | Price change | $434,900 |
| 2025-08-25 | Listed for sale | $449,900 |
| 2019-09-13 | Sold | $217,500 |
| 2019-08-27 | Pending sale | $225,000 |
| 2019-06-29 | Price change | $225,000 |
| 2019-06-04 | Price change | $249,900 |
| 2019-05-02 | Listed for sale | $287,700 |
| 2009-06-05 | Sold | $132,000 |
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