Lori Gustafson

505 4th Street S

Princeton, MN
$ 330,000 Beds 4 Baths 2 Sq 2,654
Monthly Estimate* How much can I afford?

Charming corner-lot rambler in the heart of Princeton! This beautifully maintained home blends authentic character with modern convenience. The main level shines with original hardwood floors, classic built-ins, and abundant storage throughout. Fall in love with the updated kitchen, featuring ample cabinetry and an informal dining area perfect for morning coffee. The finished lower level offers incredible versatility, showcasing a massive recreation room, dedicated laundry and utility space, plus a flexible 4th bedroom ideal for guests, a home office, or a gym. Outside, enjoy the convenience of an attached garage, a private fenced area for entertainment, bonfires, and furry friends, and You are just minutes away from historic downtown Princeton, local schools, parks, shopping, and dining.

Single Family

  • Price
  • $ 330,000
  • City
  • Princeton
  • Bedrooms
  • 4
  • Full Bathrooms
  • 2
  • County
  • MILLE LACS
  • Half Bathrooms
  • 0
  • Area
  • Ross-Mere
  • Lot Size
  • 0.2 Acres
  • Zip
  • 55371
  • Sqr Footage
  • 2,654
  • Year Built
  • 1963
  • Taxes
  • $ 4086
  • Style
  • Single Family
  • MLS#
  • 7124747
Listed By: Real Broker, LLC
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 2654
Sewer City Sewer/Connected
Heating Boiler,Hot Water
Cooling Ductless Mini-Split,Window Unit(s)
Roof Age Over 8 Years,Asphalt
Appliances Cooktop,Dishwasher,Dryer,Freezer,Gas Water Heater,Microwave,Refrigerator,Wall Oven,Washer,Water Softener Owned
Garage Spaces 2
Year Built 1963
Electric Circuit Breakers
Levels One
Property Subtype Single Family
Tax Year 2026
Accessibility None
County Mille Lacs
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Ross-Mere
Full Baths 1
Directions S Rum River Dr to 4th St S.
City Princeton
High School District Princeton
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 4086
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
Amenities Unit Cable,Ceiling Fan(s),Hardwood Floors,Kitchen Window,Patio
PostalCity Princeton

Interior Features

Basement Finished,Full
Basement (Y/N) Yes
Fireplace Y/N No
Above Grade Finished Area 1500
3/4 Baths 1
Laundry Features In Basement
Total Bedrooms 4
Below Grade Finished Area 1154
Total Baths 2
Bath Desc Main Floor Full Bath
Dining Room Description Breakfast Area,Informal Dining Room
Fuel Natural Gas
Garage Dimensions 25x22
Garage Square Feet 550

Exterior Features

Fencing Wood
Parking Features Attached Garage,Gravel,Heated Garage,Insulated Garage
Lot Features Corner Lot,Tree Coverage - Medium
Water Source City Water/Connected
Lot Size Area 0.2
Building Area Total 3000
Lot Dimensions 155x70
Waterfront Y/N No
Foundation Area 1500
Road Frontage Type City Street

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
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

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

8/21/2026 Listed $330,000

Property vs Zip Code Average in 55371

Price
AVG $440K
$330K
Taxes
AVG $2,996
$4,086
Year Built
AVG 1990
1963
Visits
AVG 49
21
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

505 4th Street S Princeton, MN is a Single Family Home for sale at $330000 with 2654 sqft and a lot size of 0.2 Acres Acre(s). 505 4th Street S Princeton has 4 bedrooms, 2 baths and was built in 1963. The property's zip code is 55371 which is in Princeton, 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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