Does this property have an HOA?

No, this property does not have a homeowners association.

What are the annual property taxes?

Annual property taxes are $2,552 (2025).

Does this home have a garage?

Yes, this home has a 1-car garage.

How long has this property been on the market?

This property was listed for 138 days.

Pending

$149,900

$154/sqft

Institute Add

1062 Putnam Avenue, Red Wing, MN, 55066

1 Bedrooms1 Bathroom974 Square Feet0.21 Acres

Days on market138

Year built1912

Garage spaces1

TypeResidential

Est. $1,497buyer credit when you buy with SODL

About this home

Cute 1BR/1BA home with an upper-level office/den historically used as a bedroom. Enjoy a private patio between the house and detached garage—perfect for relaxing or entertaining. Updates include roof (2017), boiler (2009), retaining wall (2018), vinyl siding (2011), and garage door (2024). Move-in ready and ideal as a starter home. Conveniently located close to downtown, offering easy access to shops, dining, and amenities.

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Home facts

Property typeResidential

Property subtypeSingle Family Residence

Year built1912

LevelsOne and One Half

Living area974 sqft

Above-grade finished974 sqft

Below-grade finished0 sqft

Lot size0.21 acres (58x133x64x161)

Days on market138

ListedAug 14, 2025

MLS #NST6770686

CountyGoodhue

SubdivisionInstitute Add

Parcel #553001000

Facts & features

Interior

Bedrooms: 1
Bathrooms: 1
Bath breakdown: 1 full
Heating: Boiler
Cooling: Window Unit(s)
Appliances: Dishwasher, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Washer, Water Softener Owned

Property

Levels / stories: One and One Half
Garage: 1 space · 24x14x11x13 · 401 sqft
Parking features: Detached Garage, Gravel
Patio & porch: Patio
Pool: None
Lot size: 0.21 acres

Construction

Property type: Residential
Property subtype: Single Family Residence
Construction materials: Frame
Foundation: 480 sqft
Roof: Age 8 Years or Less, Architectural Shingle, Asphalt
Year built: 1912

Utilities

Water: City Water - In Street
Sewer: City Sewer - In Street
Fuel: Natural Gas
Electric: Circuit Breakers

Community & HOA

Subdivision: Institute Add
HOA: No HOA
School district: Red Wing

Financial & listing details

Annual tax: $2,552 (2025)
Listed: Aug 14, 2025
Days on market: 138
Manufactured home: Yes

Interior details

Total bathrooms1

Full baths1

3/4 baths0

Half baths0

1/4 baths0

BasementUnfinished

HeatingBoiler

CoolingWindow Unit(s)

LaundryIn Basement

AppliancesDishwasher, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Washer, Water Softener Owned

AccessibilityNone

Exterior & lot

RoofAge 8 Years or Less, Architectural Shingle, Asphalt

Foundation area480 sqft

Patio/porchPatio

Road frontageCity Street

ZoningResidential-Single Family

Utilities

Water sourceCity Water - In Street

SewerCity Sewer - In Street

FuelNatural Gas

Parking & garage

ParkingDetached Garage, Gravel

Garage spaces1

Garage size401 sqft

Financial details

Annual taxes$2,552

Tax year2025

Taxes w/ assessments2552

Assessment pendingNo

Down payment resourceYes

Lender ownedNo

Short saleNo

ForeclosureNo

Schools

District number1183

District phone6513854500

High schoolRed Wing

SODL flat fee brokerage

$1,497Estimated buyer credit

SODL platform fee $3,000Your buyer credit $1,497

Buyer-side commission

3.0%

How SODL buyer credits work

When you buy with SODL, the brokerage charges a flat $3,000 platform fee at closing. The remaining buyer-side commission (typically 3% of the purchase price) is credited directly back to you at closing, reducing the cash you bring to the table.

Tour homes with SODL’s flexible showing network
Submit offers and manage your transaction through the platform
Keep more money at closing through transparent flat-fee pricing

A clear, modern way to buy with expert guidance and meaningful savings.

Estimated monthly payment

$1,050/mo

Principal & interest$788

Property taxes$213

Home insurance (est.)$50

Down payment

$29,980

0%50%

Credit score

Loan term

These payment estimates are for illustration purposes only and may vary based on your lender, interest rate, credit profile, down payment, taxes, insurance, and loan terms. For a more accurate monthly payment estimate, speak with your lender or connect with SODL’s preferred lending partner.