1 of 13

511 1st Street N

Waterville, MN 56096

3 beds
1 bath
1,292 sqft
~1/2 acre lot
$42 per sqft
1948 build
– on site

This property offers an exciting opportunity for those looking to invest in a desirable location near the swimming beach and boat landing on Lake Tetonka. Due to severe damage sustained during a recent flood, the basement on the north end of the home has collapsed. It's important to note that the garage and the living room do not have a basement underneath. As a result, the selling price reflects the value of the lot alone. Situated close to downtown Waterville, this lot provides easy access to nearby lakes and trails. Build a summer retreat or a comfortable year-round residence. All utilities have been disconnected. Whether you're an investor or looking to build, this is a chance to develop a property that reflects whatever your vision is. Selling-As-Is.

Listing courtesy of NORTHSTAR / Patricia Jewison / Edina Realty, Inc.

Last checked: Checking… • Last updated May 8, 2025 •

MLS# 6716103 —

The Building

Year Built:

1948
New Construction:

false
Age Of Property:

77
Construction Materials:

Wood Siding
Accessibility Features:

Wheelchair Ramp(s), Roll-In Shower
Levels:

One
Main Level Finished Area:

1292.0000
Basement:

Block
Basement:

true
Foundation Area:

1292
Manufactured Home:

No
Building Area Total:

1292
Above Grade Finished Area:

1292

Interior

Fireplace:

true
Fireplaces Total:

1

Room Dimensions

Living Area:

1292

Location

Directions:

Hwy 13 to Sakatah Boulevard to North First Street
Latitude:

44.223176
Longitude:

-93.570369

The Property

Parcel Number:

240273100
Zoning Description:

Residential-Single Family
Property Type:

Residential
Property Subtype:

Single Family Residence
Property Attached:

false
Additional Parcels:

false
Lot Size Area:

0.57
Lot Size Dimensions:

132 x 189
Lot Size SqFt:

24916.32
Lot Size Units:

Acres
Water Source:

City Water/Connected
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2025
Tax Annual Amount:

820
Tax With Assessments:

838.0000

Beds

Bedrooms Total:

3

Baths

Total Baths:

1
Full Baths:

1

Heating & Cooling

Heating:

Baseboard
Cooling:

None

Utilities

Sewer:

City Sewer/Connected

Schools

High School District:

Waterville-Elysian-Morristown

The Community

Association:

false
Assessment Pending:

Yes

Parking

Parking Features:

Attached Garage
Garage Spaces:

2
Garage SqFt:

624

Monthly cost estimate

Asking price

$55,000

Expense	Monthly cost
Mortgage	$294
Taxes	$68
Insurance	$15
Utilities	$182 See report
Total	$559/mo.^*
	^*This is an estimate

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Max Internet Speed

Midco

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Sale history

Date	Event	Source	Price	% Change
5/6/25 May 6, 2025	Listed / Active	NORTHSTAR	$55,000

House For Sale

$55,000

Cost Est.

$559/mo.

We're sorry, Estately does not offer showings for this property.

You can contact the listing brokerage Edina Realty, Inc. at (507) 385-7575

Listing provided by broker:

Patricia Jewison

Edina Realty, Inc.

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Similar sold homes

This house located in Waterville, MN 56096 is currently for sale for $55,000. 511 1st Street N is a 1,292 square foot house with 3 beds and 1 bath that has been on Estately for 7 days. This house is in the attendance area of Morristown Elementary School, Wem High School, Waterville Elysian Morristown Jr High, and Waterville Elementary School.

Listing Courtesy of: NORTHSTAR and Edina Realty, Inc..

Estately, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Thomas Rehman, a licensed Real Estate Broker in the state of Minnesota, and a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed.

©2025 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved. Information deemed reliable but not guaranteed. Property data presented reflects information otherwise available from public records. The REALTOR® providing this information may not have represented the buyer or seller in some or all of the transactions.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. RMLS and Estately, Inc. assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

Open house information subject to change without notice.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.