Listed at
$305,000
$168/sqft

City Lts Of Watertown

413 Franklin Avenue, Watertown, MN, 55388
4  Bedrooms2  Bathrooms1,814  Square Feet0.221  Acres
Days on market234
Year built2026
Garage spaces2
TypeResidential
Est. $6,150buyer credit when you buy with SODL
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About this home

This is a Carver County Community Land Trust property - Please look at the link below for guidelines and application. An application must be filled out prior to making an offer. This home has income limits in order to qualify. NO CASH buyers allowed. Must be a 1st time buyer (meaning cannot have owned a home within the last 3 years) Must be an owner occupied home. Welcome to 413 Franklin Ave NW — a thoughtfully designed 4-bedroom, 2-bath home built by the Carver County Community Development Agency as part of the Community Land Trust program. Offering 1,046 finished square feet on the main level and 768 finished square feet in the walkout lower level, this home delivers modern style, smart layout, and exceptional value. This is an infill build nestled within an established neighborhood featuring mature trees and a welcoming community feel — a rare opportunity to enjoy new construction in a setting that already feels like home. The location offers walkability to Watertown-Mayer High School and convenient access to local parks, shops, and everyday amenities. Inside, the bright, open main level features warm wood-tone flooring, large windows that flood the space with natural light, and a clean, inviting kitchen complete with quartz countertops and a center island — perfect for everyday living and entertaining. The finished walkout lower level includes two additional bedrooms and a full bath, with an unfinished family room area ready for future equity and personalization. Outside, you’ll appreciate the detached 22x22 garage and manageable yard in a quiet residential setting. This home is available to qualifying first-time homebuyers through the Carver County Community Land Trust program. Buyers must meet income guidelines (at or below 80% AMI) and complete the required pre-screening and approval process.

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Home facts

Property typeResidential
Property subtypeSingle Family Residence
Year built2026
LevelsOne
Living area1,814 sqft
Above-grade finished1,046 sqft
Below-grade finished768 sqft
Lot size0.221 acres (66x157)
Days on market234
ListedFeb 6, 2026
New constructionYes
MLS #NST7017209
CountyCarver
SubdivisionCity Lts Of Watertown
Parcel #850500100

Facts & features

Interior

Bedrooms
4
Bathrooms
2
Bath breakdown
2 full
Heating
Forced Air
Cooling
Central Air
Appliances
Dishwasher, Dryer, Range, Refrigerator, Stainless Steel Appliances, Washer

Property

Levels / stories
One
Garage
2 spaces · 22x22 · 484 sqft
Parking features
Detached Garage, Gravel, Garage Door Opener
Patio & porch
Front Porch
Lot size
0.221 acres
Lot dimensions
66x157

Construction

Property type
Residential
Property subtype
Single Family Residence
Construction materials
Frame
Foundation
1,046 sqft
Roof
Age 8 Years or Less, Asphalt
New construction
Yes

Utilities

Water
City Water/Connected
Sewer
City Sewer/Connected
Fuel
Natural Gas
Electric
Circuit Breakers, 100 Amp Service
Land lease
Yes · $25

Community & HOA

Subdivision
City Lts Of Watertown
HOA
No HOA
School district
Watertown-Mayer

Financial & listing details

Annual tax
$1,000 (2026)
Listed
Feb 6, 2026
Days on market
234 · 19 cumulative
Manufactured home
Yes

Interior details

Total bathrooms2
Full baths2
3/4 baths0
Half baths0
1/4 baths0
BasementDrain Tiled, Egress Window(s), Finished, Concrete, Partially Finished, Sump Pump
HeatingForced Air
CoolingCentral Air
LaundryLower Level, Washer Hookup
AppliancesDishwasher, Dryer, Range, Refrigerator, Stainless Steel Appliances, Washer
DiningBreakfast Area, Eat In Kitchen, Informal Dining Room, Living/Dining Room
AmenitiesKitchen Center Island, Kitchen Window, Paneled Doors, Washer/Dryer Hookup, Walk-In Closet
AccessibilityNone
Special featuresDivided Bdr Flr Plan, Main Floor Primary, Main Floor Bedroom

Exterior & lot

RoofAge 8 Years or Less, Asphalt
Foundation area1,046 sqft
Patio/porchFront Porch
Lot featuresTree Coverage - Light
Road frontageCity Street, Curbs, Paved Streets
Road responsibilityPublic Maintained Road
ZoningResidential-Single Family

Utilities

Water sourceCity Water/Connected
SewerCity Sewer/Connected
FuelNatural Gas

Parking & garage

ParkingDetached Garage, Gravel, Garage Door Opener
Garage spaces2
Garage size484 sqft

Financial details

Annual taxes$1,000
Tax year2026
Taxes w/ assessments1000
Assessment pendingNo
Down payment resourceYes
Lender ownedNo
Short saleNo
ForeclosureNo

Schools

District number681
District phone9529550480
High schoolWatertown-Mayer
SODL flat fee brokerage
$6,150Estimated buyer credit
SODL platform fee $3,000Your buyer credit $6,150

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

$1,788/mo
Principal & interest$1,603
Property taxes$83
Home insurance (est.)$102
%
$61,000
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.

Location

413 Franklin Avenue, Watertown, MN, 55388

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Listing information

MLS #NST7017209
StatusPending
Last updatedFeb 25, 2026, 6:15 PM
Originally listedFeb 6, 2026, 12:44 PM
Listing officeRE/MAX Advisors-West

Listing information provided courtesy of the MLS. This information is deemed reliable but is not guaranteed.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.