514 W Mill St, Paynesville, MN, 56362
About This Home
Spacious craftsman-style home offering 5 bedrooms plus 2 versatile bonus/flex rooms, perfect for a home office, hobby space, or guest suite. One upper-level flex room includes a convenient kitchenette, creating great potential for multi-generational living or private retreat space. The main level features 3 bedrooms, a full bath, and a Heat & Glo gas Fireplace in living room. Upstairs, you’ll find 3 additional rooms, including a bedroom with its own 3/4 bath. Recent updates include fresh paint throughout much of the home, new flooring in the dining room and upper-level hallway, a new range hood/vent, new water heater (2025), and a new water softener (2026)—making this home move-in ready while still offering room to add value. Enjoy cozy evenings by the gas fireplace, relax on the front deck, and take advantage of the 3-car garage for ample storage and parking. The unfinished basement provides additional space and future finishing potential. Located in Paynesville, this home offers a unique blend of space, functionality, and classic character.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1928
Materials
- Roof: Metal
- Construction materials: Concrete
Type & Style
- Home type: SingleFamily
- Property subType: Single Family
Interior
Appliances
- Appliances included: Dishwasher,Dryer,Exhaust Fan,Freezer,Gas Water Heater,Microwave,Range,Refrigerator,Washer,Water Softener Owned
- Laundry features: In Basement
Basement
- Has basement: Yes
- Basement: Full,Unfinished
Bathroom
- Level: Main
- Area: 72
- Dimensions: 9x8
Bedroom
- Level: Main
- Area: 121
- Dimensions: 11x11
Bedroom2
- Level: Main
- Area: 120
- Dimensions: 12x10
Bedroom3
- Level: Main
- Area: 150
- Dimensions: 15x10
Bedroom4
- Level: Upper
- Area: 45
- Dimensions: 9x5
Bedroom5
- Level: Upper
- Area: 210
- Dimensions: 15x14
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 1
- 3/4 bathrooms: 1
- 1/2 bathrooms: 1
Dining Room
- Level: Main
- Area: 228
- Dimensions: 19x12
Features
- Number of fireplaces: 1
- Fireplace features: Gas,Living Room
- Fireplace: Yes
- Finished area below ground: 0
- Finished area above ground: 1,965
Flex Room
- Level: Upper
- Area: 266
- Dimensions: 19x14
Heating & Cooling
- Heating features: Forced Air
- Cooling features: Central Air
Interior Area
- Total structure area: 3,215
- Total interior livable area: 1,965 sqft
Kitchen
- Level: Main
- Area: 96
- Dimensions: 12x8
Living Room
- Level: Main
- Area: 270
- Dimensions: 18x15
Office
- Level: Main
- Area: 96
- Dimensions: 12x8
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 70387650000
- Zoning description: Residential-Single Family
- Foundation area: 1250
Features
- Levels: One and One Half
- Stories: 1
- Pool features: None
- Patio & porch: Deck
- Fencing: None
Lot
- Lot size: 7,840 sqft
- Features: Irregular Lot
- Lot size dimensions: 55 x 140
Parking
- Total spaces: 3
- Parking features: Detached Garage,Concrete,Shared Driveway,Insulated Garage
- Has garage: Yes
- Attached garage spaces: 3
- Covered spaces: 3
- 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
- Hail
- Inland Flooding
- Strong Wind
- Tornado
- Winter Weather
- Cold Wave
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters in Stearns 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 | $985 | $11,820 |
| Home Insurance * | $138 | $1,656 |
| Property Taxes | $1 | $12 |
| Electricity | $170 | $2,050 |
| Total | $1,294 | $15,528 |
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 |
|---|---|---|
| 2026-07-14 | Price change | $194,900 |
| 2026-06-15 | Price change | $204,900 |
| 2026-05-01 | Listed for sale | $214,900 |
| 2017-06-19 | Sold | $114,000 |
| 2017-05-16 | Pending sale | $115,000 |
| 2017-03-28 | Listed for sale | $115,000 |
| 2017-03-21 | Pending sale | $115,000 |
| 2017-03-02 | Listed for sale | $115,000 |
| 2017-02-21 | Pending sale | $115,000 |
| 2016-11-23 | Listed for sale | $115,000 |
| 2013-08-09 | Sold | $86,000 |
| 2010-05-03 | Sold | $42,500 |
| 2008-06-17 | Sold | $90,000 |
View on Zillow