Lori Gustafson

205 3rd Street Se

Melrose, MN
$ 154,900 Beds 2 Baths 1 Sq 960
Monthly Estimate* How much can I afford?

Charming 2-bedroom, 1-bath home, 1-stall attached garage in Melrose! The main level features an eat-in kitchen, a cozy living room with a huge corner window allowing ample natural light, 2 bedrooms, and a full bathroom. The basement is unfinished and ready for your touch — it does feature an egress window for a future bedroom. The 3-season porch overlooks the spacious backyard, with a patio providing ample space to entertain outdoors. Updates include a newer combination boiler/tankless water heater, paint throughout, carpet in bedrooms, and garage service door. A great opportunity for a first home or an easy-living downsize.

Single Family

  • Price
  • $ 154,900
  • City
  • Melrose
  • Bedrooms
  • 2
  • Full Bathrooms
  • 1
  • County
  • STEARNS
  • Half Bathrooms
  • 0
  • Area
  • Townsite Of Melrose
  • Lot Size
  • 0.17 Acres
  • Zip
  • 56352
  • Sqr Footage
  • 960
  • Year Built
  • 1964
  • Taxes
  • $ 1538
  • Style
  • Single Family
  • MLS#
  • 7146386
Listed By: Central MN Realty LLC
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 960
Sewer City Sewer/Connected
Heating Baseboard,Boiler,Hot Water
Cooling Wall Unit(s)
Roof Asphalt
Appliances Cooktop,Dryer,Exhaust Fan,Refrigerator,Tankless Water Heater,Washer
Garage Spaces 1
Year Built 1964
Levels One
Property Subtype Single Family
Tax Year 2026
Accessibility None
County Stearns
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Townsite Of Melrose
Other Structures Storage Shed
Full Baths 1
Directions From I-94,North on Co Rd 13,right on 3rd Street,home on left
City Melrose
High School District Melrose
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 1538
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
PostalCity Melrose

Interior Features

Basement Block,Daylight/Lookout Windows,Egress Window(s),Full,Sump Pump,Unfinished
Basement (Y/N) Yes
Fireplace Y/N No
Above Grade Finished Area 960
Total Bedrooms 2
Total Baths 1
Bath Desc Main Floor Full Bath
Dining Room Description Kitchen/Dining Room
Foundation Dimensions 24x40
Fuel Natural Gas
Garage Dimensions 14x22
Garage Square Feet 308

Exterior Features

Parking Features Attached Garage,Concrete
Water Source City Water/Connected
Lot Size Area 0.17
Building Area Total 1920
Lot Dimensions 50x150
Waterfront Y/N No
Foundation Area 960

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

9/18/2026 Listed $154,900

Property vs Zip Code Average in 56352

Price
AVG $290K
$150K
Taxes
AVG $2,633
$1,538
Year Built
AVG 1981
1964
Visits
AVG 43
2
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

205 3rd Street Se Melrose, MN is a Single Family Home for sale at $154900 with 960 sqft and a lot size of 0.17 Acres Acre(s). 205 3rd Street Se Melrose has 2 bedrooms, 1 baths and was built in 1964. 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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