321 W Michigan St, Lake City, MN, 55041
About This Home
TWO BLOCKS FROM LAKE PEPEIN, IMMEDIATE POSSESSION! This is a wonderful ranch home featuring a hard surfaced countertop, nice floors, and much more PLUS a very large garage with ample room for benches, and storage. The double lot provides for ample free space for many outdoor activities. Inside space, plus outside space, plus close to Lake Pepin.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1971
Materials
- Roof: Metal
Type & Style
- Home type: SingleFamily
- Property subType: Single Family
Interior
Appliances
- Appliances included: Dishwasher,Dryer,Gas Water Heater,Range,Stainless Steel Appliance(s)
- Laundry features: Lower Level
Basement
- Has basement: Yes
- Basement: Block,Full
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
Features
- Finished area below ground: 300
- Finished area above ground: 1,008
Heating & Cooling
- Heating features: Forced Air
- Cooling features: Central Air
Interior Area
- Total structure area: 2,016
- Total interior livable area: 1,308 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: R220086703
- Zoning description: Residential-Single Family
- Foundation area: 1008
Features
- Levels: One
- Stories: 1
Lot
- Lot size: 10,759 sqft
- Lot size dimensions: 100 x 144
Parking
- Total spaces: 2
- Parking features: Detached Garage,Gravel,Garage Door Opener
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
- 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
- Strong Wind
- Cold Wave
- Hail
- Inland Flooding
- Tornado
- Winter Weather
- Heat Wave
- Ice Storm
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters in Wabasha 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 | $1,516 | $18,192 |
| Home Insurance * | $180 | $2,160 |
| Property Taxes | $275 | $3,300 |
| Electricity | $170 | $2,050 |
| Total | $2,141 | $25,692 |
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 |
|---|---|---|
| 2026-07-12 | Listed for sale | $299,900 |
| 2023-03-24 | Sold | $275,000 |
| 2022-04-08 | Sold | $156,000 |
| 2022-03-04 | Pending sale | $160,000 |
| 2022-03-02 | Listed for sale | $160,000 |
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