




305 1st St NE, Morristown, MN, 55052
About This Home
Step into a storybook setting where French Colonial charm meets coastal serenity and Southern grace, tucked along the banks of the Cannon River in the heart of Morristown. With two parcels included, the home plus an additional buildable lot with 165 feet of pristine shoreline, this property offers a level of privacy, beauty, and possibility that is rarely found. Inside, curated custom finishes and artisan craftsmanship create a home that feels both worldly and welcoming, from whitewashed cedar ceilings and layered textures to oversized windows that flood the open-concept main floor with natural light and frame the river like living artwork, where every window holds a river view and every detail tells a story. Designed for both gathering and quiet moments, you’ll enjoy morning coffee on one of two river-facing decks, evenings on the wraparound porch watching eagles soar, and days spent canoeing, fishing, or simply enjoying the peaceful rhythm of river life. The home features three generous bedrooms, including two spa-like ensuite retreats, blending comfort and luxury in perfect harmony. A four-stall tandem heated garage with large windows offers incredible space for vehicles, hobbies, kayaks, and more, feeling more like an extension of the home than a garage. This is more than a home, it’s a beautiful riverside lifestyle, where every detail was chosen with intention. And now, with a new price, it presents an incredible opportunity to own one of the most unique and special properties in the area. Located in the charming town of Morristown, just minutes from Faribault and with easy access to I-35 and Mankato, this home offers the rare combination of peaceful small-town living and convenient access to larger city amenities. Surrounded by lakes in every direction, this location is a dream for those who love the outdoors yet need accessibility...a perfect blend of convenience and rural beauty. Truly the best of both worlds!
Getting Around
Schools
Construction
Condition
- Year built: 2020
Materials
- Roof: Age 8 Years or Less,Asphalt,Pitched
Type & Style
- Home type: SingleFamily
- Property subType: Single Family
Interior
Appliances
- Appliances included: Chandelier,Dishwasher,Dryer,Exhaust Fan,Range,Refrigerator,Stainless Steel Appliance(s),Washer
- Laundry features: Laundry Room,Upper Level
Basement
- Has basement: Yes
- Basement: Crawl Space
Bedroom
- Level: Upper
Bedroom2
- Level: Upper
Bedroom3
- Level: Upper
Bedroom4
- Level: Upper
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 2
- 3/4 bathrooms: 1
- 1/2 bathrooms: 1
Deck
- Level: Main
Deck
- Level: Upper
Den
- Level: Main
Dining Room
- Level: Main
Family Room
- Level: Upper
Features
- Fireplace features: Wood Burning,Wood Burning Stove
- Finished area below ground: 0
- Finished area above ground: 2,576
Heating & Cooling
- Heating features: Forced Air,Wood Stove
- Cooling features: Central Air
Interior Area
- Total structure area: 2,576
- Total interior livable area: 2,576 sqft
Kitchen
- Level: Main
Laundry
- Level: Upper
Living Room
- Level: Main
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 2023351100
- Zoning description: Residential-Single Family
- Foundation area: 1288
Features
- Levels: Two
- Stories: 2
- Patio & porch: Composite Decking,Covered,Deck,Wrap Around
- Has view: Yes
- View description: North,River
- Has water view: Yes
- Water view: River
- On waterfront: Yes
- Waterfront features: River Front,River View
- Frontage length: Water Frontage: 165
Lot
- Lot size: 0.70 Acres
- Features: Accessible Shoreline,Corner Lot,Tree Coverage - Light
- Lot size dimensions: 165 x 185
Parking
- Total spaces: 4
- Parking features: Attached,Concrete,Garage Door Opener,Heated Garage,Insulated Garage
- Has garage: Yes
- Attached garage spaces: 4
- Covered spaces: 4
- 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
- Cold Wave
- Winter Weather
- Drought
- Ice Storm
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters in Rice 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 | $2,604 | $31,248 |
| Home Insurance * | $301 | $3,612 |
| Property Taxes | $433 | $5,196 |
| Electricity | $217 | $2,607 |
| Total | $3,555 | $42,660 |
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 |
|---|---|---|
| 2026-04-04 | Listed for sale | $525,000 |
| 2025-11-09 | Listing removed | $539,000 |
| 2025-09-08 | Price change | $539,000 |
| 2025-06-13 | Price change | $549,000 |
| 2025-05-14 | Listed for sale | $555,000 |
| 2024-11-13 | Listing removed | $545,000 |
| 2024-08-23 | Listed for sale | $545,000 |
| 2024-08-21 | Listing removed | -- |
| 2024-07-09 | Price change | $549,900 |
| 2024-06-04 | Price change | $569,000 |
| 2024-05-16 | Price change | $584,000 |
| 2024-04-24 | Listed for sale | $599,000 |
| 2019-07-07 | Listing removed | $54,500 |
| 2019-07-07 | Price change | $54,500 |
| 2019-04-19 | Price change | $18,500 |
| 2018-07-09 | Price change | $54,500 |
| 2018-06-13 | Listed for sale | $20,000 |
| 2018-04-04 | Listing removed | $55,000 |
| 2017-09-27 | Price change | $55,000 |
| 2017-08-01 | Listed for sale | $75,000 |
