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 $2,690 (2026).

What school district is this property in?

This property is in the 761 - Owatonna school district.

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 11 days.

Sold / Closed

$258,000

Sold price · Closed Aug 25, 2026

$156/sqft

541 Prospect Street

541 Prospect Street, Owatonna, MN, 55060

3 Bedrooms2 Bathrooms1,602 Square Feet0.173 Acres

Days on market11

Year built1955

Garage spaces1

TypeResidential

Est. $4,500buyer credit when you buy with SODL

About this home

Character filled 1955 multi level home featuring 3 bedrooms, 2 baths, and a 1 car tuck-under garage. Enjoy vaulted ceilings with exposed wood beams that highlight its classic 1950s character. Recent updates include a freshly painted exterior, new landscaping, new front walkway and entry steps, remodeled primary bath, new gutters, and many additional improvements. A wonderful blend of timeless charm and modern updates, ready for you to call home!

Contact us

Write a message

Home facts

Property typeResidential

Property subtypeSingle Family

Year built1955

LevelsThree Level Split

Living area1,602 sqft

Above-grade finished1,326 sqft

Below-grade finished276 sqft

Lot size0.173 acres (95x80)

Days on market11

ListedJul 23, 2026

MLS #NST7114005

CountySteele

Parcel #170151406

Facts & features

Interior

Bedrooms: 3
Bathrooms: 2
Bath breakdown: 1 full / 1 half
Heating: Forced Air
Cooling: Central Air
Appliances: Disposal, Dryer, Gas Water Heater, Range, Refrigerator, Washer, Water Softener Rented

Property

Levels / stories: Three Level Split
Garage: 1 space · 13x24 · 312 sqft
Parking features: Concrete, Garage Door Opener, Tuckunder Garage
Patio & porch: Awning(s), Patio
Exterior features: Wood
Lot size: 0.173 acres

Construction

Property type: Residential
Property subtype: Single Family
Construction materials: Frame
Foundation: Block · 1,326 sqft
Roof: Age 8 Years or Less, Asphalt
Year built: 1955

Utilities

Water: City Water/Connected
Sewer: City Sewer/Connected
Fuel: Natural Gas
Electric: 100 Amp Service

Community & HOA

HOA: No HOA
School district: 761 - Owatonna
High school district: Owatonna

Financial & listing details

Annual tax: $2,690 (2026)
Listed: Jul 23, 2026
Days on market: 11
Manufactured home: Yes

Interior details

Total bathrooms2

Full baths1

3/4 baths0

Half baths1

1/4 baths0

BasementBlock, Partially Finished, Storage Space, Sump Pump, Walkout

HeatingForced Air

CoolingCentral Air

LaundryLower Level

AppliancesDisposal, Dryer, Gas Water Heater, Range, Refrigerator, Washer, Water Softener Rented

DiningKitchen/Dining Room

AmenitiesCeiling Fan(s), Kitchen Window, Vaulted Ceiling(s), Washer/Dryer Hookup

AccessibilityNone

Special features3 BR on One Level

Exterior & lot

ExteriorWood

RoofAge 8 Years or Less, Asphalt

FoundationBlock

Foundation area1,326 sqft

Patio/porchAwning(s), Patio

Lot featuresTree Coverage - Medium

Road frontageCity Street, Curbs, Paved Streets, Storm Sewer

Road responsibilityPublic Maintained Road

ZoningResidential-Single Family

Utilities

Water sourceCity Water/Connected

SewerCity Sewer/Connected

FuelNatural Gas

Parking & garage

ParkingConcrete, Garage Door Opener, Tuckunder Garage

Garage spaces1

Garage size312 sqft

Financial details

Annual taxes$2,690

Tax year2026

Taxes w/ assessments2690

Assessment pendingNo

Down payment resourceYes

Lender ownedNo

Short saleNo

ForeclosureNo

Schools

District761 - Owatonna

District number761

District phone5074448610

High schoolOwatonna

SODL flat fee brokerage

$4,500Estimated buyer credit

SODL platform fee $3,000Your buyer credit $4,500

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

$1,621/mo

Principal & interest$1,314

Property taxes$224

Home insurance (est.)$83

Down payment

$50,000

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.