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$250,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 1 Full Bath
  • 1 Partial Bath
  • 1,602 Sq. Ft.
  • 1 Car Garage
  • Updated 2 days ago
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Character filled 1955 multi level home featuring 3 bedrooms, 2 baths, and a 1 car tuck-under garage. Enjoy vaulted ceilings with exposed wood beams that highlight its classic 1950s character. Recent updates include a freshly painted exterior, new landscaping, new front walkway and entry steps, remodeled primary bath, new gutters, and many additional improvements. A wonderful blend of timeless charm and modern updates, ready for you to call home!

Full Property Details for 541 Prospect St

General

  • Price: $250,000
  • Taxes: $2,690 (2026)
  • Status: Active
  • Type: Single Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7114005
  • Updated: 7/24/2026
  • Added to Site: 3 day(s) ago

Interior

  • Appliances: Disposal, Dryer, Gas Water Heater, Range, Refrigerator, Washer, Water Softener Rented

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 3

Other Rooms

  • Dining Room: Kitchen/Dining Room
  • Formal Dining Room: Kitchen/Dining Room
  • Laundry: Lower Level, Lower Level

Additional Information

  • Amenities: Ceiling Fan(s), Kitchen Window, Vaulted Ceiling(s), Washer/Dryer Hookup

Exterior

  • Porch/Patio/Deck: Awning(s), Patio

Parking

  • Garage: Yes
  • Garage Description: 13 x 24
  • Garage Spaces: 1
  • Parking Features: Concrete, Garage Door Opener, Tuckunder Garage

Location

  • County: Steele
  • Township: Owatonna
  • Driving Directions: From Main St head south on Lincoln Ave then turn left on Prospect St, property is on the right side

School Information

  • School District: 761 - Owatonna
  • High School District: Owatonna

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central Air
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)

Structural Information

  • Exterior Const.: Frame
  • Basement: Yes
  • Finished basement: Yes
  • Basement Desc.: Block, Partially Finished, Storage Space, Sump Pump, Walk-Out
  • Foundation Size: 1326
  • Roof: Age 8 Years or Less, Asphalt
  • Disability Access: None
  • Square Feet: 1,602
  • Above Ground: 1,326 Sq. Ft.
  • Below Ground: 702 Sq. Ft.
  • Finished Down/Base.: 2,028 Sq. Ft.
  • Year Built: 1955

Lot Features

  • Lot Size (Acres): 0.173
  • Lot Dimensions: 95 x 80
  • Frontage: City Street, Curbs, Paved Streets, Storm Sewer
  • Zoning: Residential-Single Family
  • Lot Description: Medium Tree Coverage

Financial Considerations

  • Tax Amount: $2,690
  • Tax Year: 2026
  • Terms: Conventional, VA, FHA, Cash, USDA

Disclosures and Reports

  • Legal Description: COM ON S LN OF NW1/4 OF NE1/4 436.5' E OF W LN OF NE1/4 E ON S LN OF NW1/4 OF NE1/4-80' N PAR W LN OF NE1/4 95.32' TO S
  • Property ID: 170151406

Listed by eXp Realty

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Listing agents

— 541 Prospect St —

  • eXp Realty

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 541 Prospect St

School District:Owatonna Public School District
NameGradesDistance
Lincoln Elementary School, Owatonna, MN
747 Havana Road, Owatonna, MN 55060
K-50.4 mi
Owatonna Junior High School
500 15th Street Northeast, Owatonna, MN 55060
6-81.6 mi
Owatonna Senior High School
333 East School Street, Owatonna, MN 55060
9-120.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 541 Prospect St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/23/2026
Listed
$250,000
19.05%
MLS
4/18/2025
Sold
$210,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 541 Prospect St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,566
6%
$201,100
3%
2024
$2,420
-1%
$194,300
10%
2023
$2,434
16%
$176,500
4%
2022
$2,102
-1%
$170,500
24%
2021
$2,124
1%
$137,298
—
2020
$2,112
16%
$136,906
4%
2019
$1,820
-1%
$131,516
7%
2018
$1,834
9%
$122,500
—
2017
$1,690
—
$122,990
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by eXp Realty

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541 Prospect Street, Owatonna, MN 55060 (MLS# 7114005) is a Single Family property with 3 bedrooms, 1 full bathroom and 1 partial bathroom. 541 Prospect Street is currently listed for $250,000 and was received on July 23, 2026. Want to learn more about 541 Prospect Street? Do you have questions about finding other Single Family real estate for sale in Owatonna? You can browse all Owatonna real estate or contact a Coldwell Banker agent to request more information.

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