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15495 120th Ave, Little Falls, MN, 56345

3beds
1baths
1,604sqft
$365,000
$228price/sqft
$2,503/moest. monthly cost
$100,120/yrincome needed

About This Home

Nestled within the serene expanses of Little Falls, this 3-bedroom, 1-bathroom home is a true haven for families, business owners, and hobby farmers alike. Embrace a lifestyle that combines rustic charm with modern convenience on a sprawling 10-acre property, where dreams of wide-open spaces and self-sufficiency become reality. The estate presents a unique opportunity for those with a vision. Whether you're an equine enthusiast, an aspiring auto mechanic, or a business owner seeking the tranquility of a rural home-office, this property offers endless possibilities. Imagine cultivating your own hobby farm or setting up your bespoke workshop in the extensive garage space, complete with a professional paint sprayer, air compressors, and drains. Exceptional features include a heated office, a 14 ft garage door ideal for RVs or commercial vehicles, and a comprehensive array of tools that come with the sale. Comfort and sustainability go hand-in-hand with a wood stove and supplemental propane heat, alongside newly installed solar panels that ensure a step towards off-grid living. The home itself boasts a durable steel roof and a newly updated septic system, both installed in 2019. Experience the ease of main-level living with ample space upstairs for additional needs. The vast, sunlit kitchen and open-concept living area are perfect for family gatherings. An attached 2-stall garage serves as a cozy retreat with heating, offering a relaxed space to unwind. Step into a world where your entrepreneurial and personal aspirations can flourish, all within the peaceful backdrop of this versatile homestead.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
32
BikeSomewhat Bikeable

Schools

8/10
Lincoln Elementary SchoolGrades PK-51.6 mi
4/10
Community Middle SchoolGrades 6-83.1 mi
6/10

Construction

Condition

  • Year built: 1900

Materials

  • Roof: Metal

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Basement

  • Has basement: Yes
  • Basement: Crawl Space

Bathroom

  • Level: Main
  • Area: 74.75
  • Dimensions: 6.5 x 11.5

Bedroom

  • Level: Main
  • Area: 225
  • Dimensions: 15x15

Bedroom2

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

Bedroom3

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

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full bathrooms: 1

Dining Room

  • Level: Main
  • Area: 62.5
  • Dimensions: 5 x 12.5

Features

  • Fireplace features: Gas,Living Room
  • Finished area below ground: 0
  • Finished area above ground: 1,604

Heating & Cooling

  • Heating features: Forced Air,Wood Stove
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 1,604
  • Total interior livable area: 1,604 sqft

Kitchen

  • Level: Main
  • Area: 175
  • Dimensions: 12.5 x 14

Living Room

  • Level: Main
  • Area: 275.5
  • Dimensions: 14.5 x 19

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 220183000
  • Zoning description: Business/Commercial,Residential-Single Family
  • Foundation area: 1160

Features

  • Levels: One and One Half
  • Stories: 1
  • Fencing: Partial
  • Topography of land: Level

Lot

  • Lot size: 10 Acres
  • Lot size dimensions: 330 x 1320

Parking

  • Total spaces: 6
  • Parking features: Attached,Detached Garage,Asphalt,Floor Drain,Garage,Garage Door Opener,Heated Garage,Insulated Garage,Multiple Garages
  • Has garage: Yes
  • Attached garage spaces: 6
  • Covered spaces: 6
  • 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

  • Inland Flooding
    Inland FloodingVery High
  • Lightning
    LightningVery High
  • Cold Wave
    Cold WaveRelatively High
  • Hail
    HailRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Drought
    DroughtModerate
  • Tornado
    TornadoModerate
  • Wildfire
    WildfireModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Inland Flooding
Lightning
Cold Wave
Hail
Strong Wind
Drought
Tornado
Wildfire
Winter Weather

FEMA Declared Disasters in Morrison 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 $1,845$22,140
Home Insurance *$251$3,012
Property Taxes $237$2,844
Electricity $170$2,050
Total$2,503$30,036
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$85,817/yr
40% on housing$75,090/yr
45% on housing$66,746/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: 10.4%
10.4%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: -1.4%
-1.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$228This listing

vs Other Active Listings

Avg $/sqft

ZIP 56345$129
Morrison County$141

vs Homes Sold Last Month

Median $/sqft

ZIP 56345
Morrison County$141

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
2026-05-04Price change$419,900
2026-04-12Price change$429,900
2026-03-29Listed for sale$450,000
2019-04-02Sold$185,000
2006-01-25Sold$50,000

For Sale by Agent

AgentJenessa Schendzielos
BrokerageRE/MAX Results

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