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501 3rd St W, Hastings, MN, 55033

2beds
2baths
1,511sqft
$264,900
$175price/sqft
$1,915/moest. monthly cost
$76,600/yrincome needed

About This Home

Charming, character-filled home just blocks from downtown Hastings! Beautiful brick and wood accents, this home offers a warm and inviting feel. The main level features a comfortable living room, dining area, kitchen, ¾ bath, and main floor laundry, as well as a flexible bonus space with direct access to the deck and fully fenced backyard. Upstairs, you'll find a generous primary bedroom, a full bathroom, and an additional bedroom perfect for a nursery, home office, dressing room, or hobby space. Updates include new electrical panel, newer windows, and garage roof in 2026. Situated on a fully fenced corner lot with a large detached two-car garage, the private backyard features native prairie plants that attract butterflies and birds, black cap & red raspberries, and gardens that bloom from spring to fall. This home is just a short walk to downtown Hastings, local shops, restaurants, parks, and the Mississippi River.

Getting Around

55
WalkingSomewhat Walkable
0
TransitVery Limited Transit
45
BikeSomewhat Bikeable

Schools

5/10
Hastings Middle SchoolGrades 5-80.6 mi
9/10
Hastings High SchoolGrades 9-121.6 mi

Construction

Condition

  • Year built: 1880

Materials

  • Roof: Age 8 Years or Less,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: Crawl Space,Partial

Bathroom

  • Level: Second
  • Area: 72
  • Dimensions: 9x8

Bathroom

  • Level: Main
  • Area: 49
  • Dimensions: 7x7

Bedroom

  • Level: Upper
  • Area: 180
  • Dimensions: 15x12

Bedroom2

  • Level: Upper
  • Area: 88
  • Dimensions: 11x8

Bedrooms & Bathrooms

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

Dining Room

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

Features

  • Finished area below ground: 0
  • Finished area above ground: 1,511

Flex Room

  • Level: Main
  • Area: 140
  • Dimensions: 14x10

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: None

Interior Area

  • Total structure area: 1,511
  • Total interior livable area: 1,511 sqft

Kitchen

  • Level: Main
  • Area: 227.5
  • Dimensions: 17.5x13

Living Room

  • Level: Main
  • Area: 210
  • Dimensions: 17.5x12

Utility Room

  • Level: Main
  • Area: 78.75
  • Dimensions: 10.5x7.5

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 193215061010
  • Zoning description: Residential-Single Family
  • Foundation area: 1062

Features

  • Levels: One and One Half
  • Stories: 1
  • Pool features: None
  • Patio & porch: Deck
  • Fencing: Full,Wood

Lot

  • Lot size: 9,191 sqft
  • Features: Corner Lot,Tree Coverage - Light
  • Lot size dimensions: 140 x 65

Parking

  • Total spaces: 2
  • Parking features: Detached Garage,Asphalt,Garage Door Opener
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Has uncovered spaces: Yes

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
    Strong WindVery High
  • Hail
    HailRelatively High
  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Strong Wind
Hail
Tornado
Cold Wave
Lightning
Winter Weather

FEMA Declared Disasters in Dakota 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 $1,339$16,068
Home Insurance *$183$2,196
Property Taxes $223$2,676
Electricity $170$2,050
Total$1,915$22,980
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$65,657/yr
40% on housing$57,450/yr
45% on housing$51,066/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: 11.3%
11.3%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 0.7%
0.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$175This listing

vs Other Active Listings

Avg $/sqft

ZIP 55033$159
Dakota County$173

vs Homes Sold Last Month

Median $/sqft

ZIP 55033$184
Dakota County$192

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
2026-08-03Price change$264,900
2026-07-21Listed for sale$269,900
2022-05-04Sold$225,000
2022-03-31Pending sale$209,900
2022-03-24Listed for sale$209,900
2019-08-30Sold$160,000
2019-08-12Pending sale$149,900
2019-07-15Listed for sale$149,900

For Sale by Agent

AgentMichelle Tjomsland
BrokerageInMotion Realty

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