Lori Gustafson

116 Ridgely Road

Mankato, MN
$ 364,900 Beds 4 Baths 2.5 Sq 2,762
Monthly Estimate* How much can I afford?

Rare to find a home within city limits situated on just under a half-acre ravine lot where the ravine doesn’t encroach on your backyard! Located on the secluded and quiet Ridgely Road, this home offers the best of both worlds—a peaceful, private setting with a backyard made for enjoying and entertaining. The spacious backyard features over 650 sqft of deck space, garden boxes, and a storage shed, giving you plenty of room to relax, garden, and gather with friends and family. Step inside and immediately feel at home, with a welcoming tiled foyer leading into the spacious living room featuring beautiful hardwood floors. Just off the living room, the kitchen overlooks the backyard and offers a sliding glass door that opens directly to the deck. Continue into the den, featuring natural woodwork and a gas fireplace to keep you cozy on those cold winter nights. The main level is completed by 3 bedrooms, a full bath, and a convenient half bath located just off a backyard entrance. The finished basement offers even more living space with a spacious family room, 4th bedroom, additional bathroom, utility room, and storage room. For those needing extra room for vehicles, hobbies, or storage, the two-stall tandem garage offers nearly 700 square feet of space, with heater installed. Recent updates include a new sump pump, front door, water heater, radon system, and basement I-beams. A rare combination of usable yard space, a beautiful ravine setting, extensive outdoor living, and a secluded location—this is one you won’t want to miss!

Single Family

  • Price
  • $ 364,900
  • City
  • Mankato
  • Bedrooms
  • 4
  • Full Bathrooms
  • 2
  • County
  • BLUE EARTH
  • Half Bathrooms
  • 1
  • Area
  • Dolph Heights Add
  • Lot Size
  • 0.482 Acres
  • Zip
  • 56001
  • Sqr Footage
  • 2,762
  • Year Built
  • 1950
  • Taxes
  • $ 3986
  • Style
  • Single Family
  • MLS#
  • 7123950
Listed By: Edina Realty, Inc.
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 2762
Sewer City Sewer/Connected
Heating Forced Air,Fireplace(s)
Cooling Central Air
Roof Asphalt
Appliances Dishwasher,Disposal,Dryer,Gas Water Heater,Water Osmosis System,Microwave,Range,Refrigerator,Washer,Water Softener Owned
Garage Spaces 2
Construction Materials Frame
Year Built 1950
Levels One
Property Subtype Single Family
Tax Year 2026
Accessibility None
County Blue Earth
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Dolph Heights Add
Other Structures Storage Shed
Full Baths 1
Directions From Stadium Rd: Turn North onto Warren St. Turn Left onto Malin St. Turn Right onto Highland Ave. Turn Left on to Haynes St. Turn Right onto Ridgely Rd.
City Mankato
High School District Mankato
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 3986
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
Amenities Unit Ceiling Fan(s),Deck,Hardwood Floors,Kitchen Window,Main Floor Primary Bedroom,Natural Woodwork,Tile Floors
PostalCity Mankato

Interior Features

Basement Block,Egress Window(s),Finished,Storage Space,Sump Pump
Total Fireplaces 1
Fireplace Features Gas
Basement (Y/N) Yes
Fireplace Y/N Yes
Above Grade Finished Area 1616
Half Baths 1
3/4 Baths 1
Total Bedrooms 4
Below Grade Finished Area 1146
Total Baths 3
Bath Desc 1/2 Basement,Main Floor 1/2 Bath,Main Floor Full Bath,Shower Only
Dining Room Description Informal Dining Room
Fuel Natural Gas
Garage Dimensions 41x17
Garage Square Feet 697

Exterior Features

Parking Features Attached Garage,Concrete,Garage Door Opener,Heated Garage,Tandem Garage
Lot Features Tree Coverage - Medium
Water Source City Water/Connected
Lot Size Area 0.482
Building Area Total 2962
Lot Dimensions 97.5x242.8x71x39.3x195.4
Waterfront Y/N No
Foundation Area 1346
Road Frontage Type City Street,Curbs,No Outlet/Dead End,Paved Streets
Road Responsibility Public Maintained Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Faribault, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

8/20/2026 Listed $374,900
9/15/2026 3% - $364,900

Property vs Zip Code Average in 56001

Price
AVG $390K
$360K
Taxes
AVG $4,061
$3,986
Year Built
AVG 1973
1950
Visits
AVG 71
19
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

116 Ridgely Road Mankato, MN is a Single Family Home for sale at $364900 with 2762 sqft and a lot size of 0.482 Acres Acre(s). 116 Ridgely Road Mankato has 4 bedrooms, 2 baths and was built in 1950. The property's zip code is 56001 which is in Mankato, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.

Lori Gustafson

Lori Gustafson

Broker Associate/Sales Agent

507-323-4348

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