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407 5th Ave SW, Little Falls, MN, 56345

5beds
2baths
2,240sqft
$299,000
$133price/sqft
$2,200/moest. monthly cost
$88,000/yrincome needed

About This Home

This well-cared-for 5 bedroom - 2 bathroom home features updated flooring, fixtures, and a refreshed main floor bathroom. Situated on a desirable corner lot in a quiet neighborhood, the property offers both comfort and convenience. Enjoy a spacious heated two-car garage, two storage sheds for added functionality, and a deck that's perfect for relaxing or entertaining outdoors. Home includes efficient baseboard gas boiler heat and central air conditioning. Don't miss out on your opportunity to move into this truly turn key home.

Getting Around

33
WalkingCar-Dependent
0
TransitVery Limited Transit
49
BikeSomewhat Bikeable

Schools

8/10
Lincoln Elementary SchoolGrades PK-20.2 mi
4/10
Community Middle SchoolGrades 6-81.4 mi
6/10

Construction

Condition

  • Year built: 1963

Materials

  • Roof: Age 8 Years or Less,Architectural Shingle,Asphalt
  • Construction materials: Block,Frame

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Appliances

  • Appliances included: Cooktop,Gas Water Heater,Microwave,Range

Basement

  • Has basement: Yes
  • Basement: Egress Window(s),Finished,Full

Bathroom

  • Level: Upper
  • Area: 55
  • Dimensions: 11x5

Bathroom

  • Level: Lower
  • Area: 40
  • Dimensions: 8x5

Bedroom

  • Level: Upper
  • Area: 163.52
  • Dimensions: 14.6x11.2

Bedroom2

  • Level: Upper
  • Area: 121
  • Dimensions: 11x11

Bedroom3

  • Level: Upper
  • Area: 84.6
  • Dimensions: 9x9.4

Bedroom4

  • Level: Lower
  • Area: 151.5
  • Dimensions: 15x10.10

Bedroom5

  • Level: Lower
  • Area: 143
  • Dimensions: 13x11

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 2
  • Full bathrooms: 2

Dining Room

  • Level: Upper
  • Area: 126
  • Dimensions: 12x10.5

Family Room

  • Level: Lower
  • Area: 195
  • Dimensions: 15x13

Features

  • Finished area below ground: 1,120
  • Finished area above ground: 1,120

Heating & Cooling

  • Heating features: Baseboard,Boiler
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,240
  • Total interior livable area: 2,240 sqft

Kitchen

  • Level: Upper
  • Area: 99
  • Dimensions: 9x11

Laundry

  • Level: Lower
  • Area: 169
  • Dimensions: 13x13

Living Room

  • Level: Upper
  • Area: 174
  • Dimensions: 15x11.6

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 490514000
  • Zoning description: Residential-Single Family
  • Foundation area: 1984

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Deck
  • Fencing: Chain Link

Lot

  • Lot size: 10,497 sqft
  • Features: Corner Lot
  • Lot size dimensions: 150 x 70

Parking

  • Total spaces: 2
  • Parking features: 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

  • Lightning
    LightningVery High
  • Inland Flooding
    Inland FloodingRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Lightning
Inland Flooding
Cold Wave
Hail
Strong Wind

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 $1,511$18,132
Home Insurance *$206$2,472
Property Taxes $295$3,540
Electricity $188$2,267
Total$2,200$26,400
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$75,428/yr
40% on housing$66,000/yr
45% on housing$58,666/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

$133This listing

vs Other Active Listings

Avg $/sqft

ZIP 56345$130
Morrison County$142

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
2026-07-29Price change$299,000
2026-07-22Listed for sale$310,000

For Sale by Agent

AgentAaron Colombe
BrokerageEdina Realty, Inc.

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