Closed

$50,000

511 1st St N, Waterville, MN 56096

3beds

1,292sqft

Single Family Residence

Built in 1948

0.57 Acres Lot

$50,400 Zestimate^®

$39/sqft

$1,540 Estimated rent

Home value

$50,400

Estimated sales range

Not available

$1,540/mo

Zestimate^® history

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Owner options

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$1,540/mo

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$1,540/mo

Rent Zestimate^®

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$256/mo

Est. payment

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$256/mo

Est. payment

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What's special

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.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 1
Full bathrooms: 1

Heating

Baseboard

Cooling

None

Features

Basement: Block
Number of fireplaces: 1

Interior area

Total structure area: 1,292
Total interior livable area: 1,292 sqft
Finished area above ground: 1,292
Finished area below ground: 0

Property

Parking

Total spaces: 2
Parking features: Attached
Attached garage spaces: 2

Accessibility

Accessibility features: Accessible Approach with Ramp, Roll-In Shower

Features

Levels: One
Stories: 1

Lot

Size: 0.57 Acres
Dimensions: 132 x 189

Details

Foundation area: 1292
Parcel number: 240273100
Zoning description: Residential-Single Family

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Condition

New construction: No
Year built: 1948

Utilities & green energy

Gas: Natural Gas
Sewer: City Sewer/Connected
Water: City Water/Connected

Community & neighborhood

Location

Region: Waterville

HOA & financial

HOA

Has HOA: No

Price history

Date	Event	Price
5/28/2025	Sold	$50,000-9.1%$39/sqft
Source: NorthstarMLS as distributed by MLS GRID #6716103 Report a problem
5/15/2025	Pending sale	$55,000$43/sqft
Source: NorthstarMLS as distributed by MLS GRID #6716103 Report a problem
5/6/2025	Listed for sale	$55,000-31.7%$43/sqft
Source: NorthstarMLS as distributed by MLS GRID #6716103 Report a problem
7/2/1998	Sold	$80,500$62/sqft
Source: Agent Provided Report a problem