Lori Gustafson

34 5th Street Nw

Melrose, MN
$ 315,000 Beds 5 Baths 2 Sq 2,415
Monthly Estimate* How much can I afford?

A wooded .85-acre setting along the Sauk River gives this 5-bedroom rambler a sense of space both inside and out. Fresh paint and all new carpet create an updated feel throughout, while the large main-level living room is filled with natural light. The spacious kitchen offers plenty of room for cooking, gathering, and everyday use, with three bedrooms also located on the main level. Downstairs, the walk-out lower level adds two additional bedrooms, a dedicated office, and a massive storage room. Off the back of the home, a deck with stairs provides easy access to the private backyard, where mature trees create a well-established setting. The attached 2-car garage is heated and insulated for added year-round use. A brand-new water heater and a furnace installed in 2025 add two more notable updates.

Single Family

  • Price
  • $ 315,000
  • City
  • Melrose
  • Bedrooms
  • 5
  • Full Bathrooms
  • 2
  • County
  • STEARNS
  • Half Bathrooms
  • 0
  • Area
  • River Heights 1st Add
  • Lot Size
  • 0.85 Acres
  • Zip
  • 56352
  • Sqr Footage
  • 2,415
  • Year Built
  • 1969
  • Taxes
  • $ 3804
  • Style
  • Single Family
  • MLS#
  • 7145658
Listed By: Kris Lindahl Real Estate
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 2415
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Roof Age 8 Years or Less
Appliances Dishwasher,Dryer,Electric Water Heater,Microwave,Range,Refrigerator,Washer,Water Softener Owned
Garage Spaces 2
Construction Materials Frame
Year Built 1969
Electric 100 Amp Service
Levels One
Property Subtype Single Family
Tax Year 2026
Waterfront Features River Front
Accessibility Raised Outlets
County Stearns
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name River Heights 1st Add
Full Baths 2
Directions From I-94 follow Co Rd 13 North through town,left on 5th Street before high school. Home on the left.
City Melrose
High School District Melrose
Zoning Description Shoreline,Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 3804
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
Amenities Unit Ceiling Fan(s),Deck,Hardwood Floors,Hot Tub,Kitchen Window,Main Floor Primary Bedroom,Natural Woodwork,Patio,Security System
PostalCity Melrose

Interior Features

Basement Egress Window(s),Finished,Full,Storage Space,Walkout
Basement (Y/N) Yes
Fireplace Y/N No
Above Grade Finished Area 1510
Total Bedrooms 5
Below Grade Finished Area 905
Total Baths 2
Bath Desc Full Basement,Main Floor Full Bath
Dining Room Description Informal Dining Room,Living/Dining Room
Fuel Natural Gas
Garage Dimensions 28x28
Garage Square Feet 784
Waterfront Feet 111

Exterior Features

Fencing None
Parking Features Attached Garage,Concrete,Electric,Floor Drain,Heated Garage,Insulated Garage,Storage
Water Source City Water/Connected
Lot Size Area 0.85
Building Area Total 3000
Lot Dimensions 110x360x111x318
Waterfront Y/N Yes
Foundation Area 1526

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

9/21/2026 Listed $315,000

Property vs Zip Code Average in 56352

Price
AVG $290K
$320K
Taxes
AVG $2,633
$3,804
Year Built
AVG 1981
1969

Areas That We Cover

34 5th Street Nw Melrose, MN is a Single Family Home for sale at $315000 with 2415 sqft and a lot size of 0.85 Acres Acre(s). 34 5th Street Nw Melrose has 5 bedrooms, 2 baths and was built in 1969. The property's zip code is 56352 which is in Melrose, 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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