12659 Terrace Ln, Little Falls, MN, 56345
About This Home
Charming 4-bed, 2-bath rambler on nearly ½ acre in Little Falls with deeded Mississippi River access—conveniently located close to town! Enjoy a peaceful, tree-lined setting with a backyard easement leading right to the river—perfect for a future dock, boating, fishing, or simply relaxing by the water. A spacious 12x38 deck provides the perfect spot for outdoor entertaining or unwinding. Bright and inviting main level features a cozy free standing gas fireplace, newer windows, furnace, and central air. Lower level kitchenette adds great flexibility for guests or potential rental. Newer septic, storage shed, and plenty of space to enjoy the outdoors. A wonderful blend of comfort, charm, and nature!
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1977
Materials
- Foundation: Wood
- Roof: Asphalt
- Construction materials: Other
Type & Style
- Home type: SingleFamily
- Property subType: Single Family
Interior
Appliances
- Appliances included: Dishwasher,Microwave,Range,Refrigerator
- Laundry features: In Basement
Basement
- Has basement: Yes
- Basement: Finished,Full,Walk-Out Access
Bedroom
- Level: Main
- Area: 144
- Dimensions: 12x12
Bedroom2
- Level: Main
- Area: 144
- Dimensions: 12x12
Bedroom3
- Level: Lower
- Area: 165
- Dimensions: 11x15
Bedroom4
- Level: Lower
- Area: 110
- Dimensions: 11x10
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
Deck
- Level: Main
- Area: 456
- Dimensions: 12x38
Dining Room
- Level: Main
- Area: 100
- Dimensions: 10x10
Family Room
- Level: Lower
- Area: 288
- Dimensions: 12x24
Features
- Number of fireplaces: 1
- Fireplace features: Free Standing,Gas,Living Room
- Fireplace: Yes
- Finished area below ground: 900
- Finished area above ground: 934
Heating & Cooling
- Heating features: Forced Air
- Cooling features: Central Air
Interior Area
- Total structure area: 1,846
- Total interior livable area: 1,846 sqft
Kitchen
- Level: Main
- Area: 120
- Dimensions: 10x12
Kitchen
- Level: Lower
- Area: 80
- Dimensions: 8x10
Living Room
- Level: Main
- Area: 266
- Dimensions: 14x19
Storage
- Level: Lower
- Area: 70
- Dimensions: 7x10
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 160618000
- Zoning description: Residential-Single Family
- Foundation area: 912
Features
- Levels: One
- Stories: 1
- Has view: Yes
- View description: West
- On waterfront: Yes
- Waterfront features: Deeded Access,River Front,Waterfront Elevation(4-10),Lake Bottom(Gravel,Hard,Rocky)
Lot
- Lot size: 0.43 Acres
- Lot size dimensions: 95 x 185
Parking
- Total spaces: 2
- Parking features: Attached,Garage,Insulated Garage
- 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
- Inland Flooding
- Lightning
- Strong Wind
- Cold Wave
- Hail
- Tornado
- Heat Wave
- Ice Storm
- Wildfire
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Morrison 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 | $1,920 | $23,040 |
| Home Insurance * | $261 | $3,132 |
| Property Taxes | $263 | $3,156 |
| Electricity | $170 | $2,050 |
| Total | $2,614 | $31,368 |
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 |
|---|---|---|
| 2026-04-08 | Listed for sale | $399,900 |
| 2025-06-13 | Sold | $275,500 |
| 2025-05-31 | Pending sale | $309,900 |
| 2025-05-02 | Price change | $309,900 |
| 2025-02-10 | Price change | $319,900 |
| 2024-11-25 | Listed for sale | $334,900 |
| 2023-11-09 | Listing removed | -- |
| 2023-10-27 | Listed for sale | $324,900 |
| 2023-10-25 | Listing removed | -- |
| 2023-10-22 | Price change | $2,195 |
| 2023-10-11 | Listed for rent | $2,295 |
| 2023-10-11 | Listing removed | -- |
| 2023-08-12 | Price change | $324,900 |
| 2023-06-16 | Listed for sale | $338,500 |
| 2022-09-08 | Sold | $350,000 |
| 2022-08-12 | Pending sale | $340,000 |
| 2022-08-02 | Price change | $340,000 |
| 2022-07-25 | Listed for sale | $350,000 |
| 2020-06-01 | Sold | $190,000 |
| 2020-05-22 | Pending sale | $192,900 |
| 2020-05-06 | Listed for sale | $192,900 |
| 2020-03-24 | Pending sale | $192,900 |
| 2020-03-16 | Listed for sale | $192,900 |
| 2016-06-21 | Sold | $225,000 |
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