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 $598 (2025).

What school district is this property in?

This property is in the 2897 - Redwood Area Schools school district.

How long has this property been on the market?

This property has been listed for 180 days.

Listed at

$40,000

Watsons Third Add

704 E Walnut Street, Redwood Falls, MN, 56283

0.239 Acres

Days on market180

Year built1937

ParkingGravel

TypeResidential

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About this home

Investor Opportunity! Handyman Special with Great Potential-This 1937 home is ready for its next chapter and perfect for investors, flippers, or handy buyers looking to build equity. The owner started by taking it down to the studs, giving you a blank slate to transform it into something special. It features a solid concrete block basement and sits on a spacious oversized corner lot, offering extra yard space and possibilities. The location is hard to beat! Situated across the street from a park with sand volleyball courts and picnic area, and just minutes from the 18-hole Redwood Falls Golf Club and beautiful Ramsey Park, a 256-acre destination featuring walking trails, a zoo, scenic waterfall, and outdoor recreation. Whether you’re looking for your next investment project, flip, or renovation opportunity, this property offers great potential in a fantastic location.

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Home facts

Property typeResidential

Property subtypeSingle Family

Year built1937

LevelsOne

Living area0 sqft

Above-grade finished0 sqft

Below-grade finished0 sqft

Lot size0.239 acres (120x70)

Days on market180

ListedMar 17, 2026

MLS #NST7036458

CountyRedwood

SubdivisionWatsons Third Add

Parcel #888671740

Facts & features

Interior

Bathrooms: 0
Heating: None
Cooling: None
Basement: Block, Daylight/Lookout Windows · 0 sqft finished
Living area: 0 sqft
Above-grade finished: 0 sqft

Property

Levels / stories: One
Parking features: Gravel
Exterior features: Other
Other structures: Other
Lot size: 0.239 acres
Lot dimensions: 120x70

Construction

Property type: Residential
Property subtype: Single Family
Foundation: Block · 748 sqft
Roof: Asphalt
Year built: 1937

Utilities

Water: City Water/Connected
Sewer: City Sewer/Connected
Fuel: Other

Community & HOA

Subdivision: Watsons Third Add
HOA: No HOA
School district: 2897 - Redwood Area Schools
High school district: Redwood Area Schools

Financial & listing details

Annual tax: $598 (2025)
Listed: Mar 17, 2026
Days on market: 180 · 167 cumulative
Manufactured home: Yes

Interior details

Total bathrooms0

Full baths0

3/4 baths0

Half baths0

1/4 baths0

BasementBlock, Daylight/Lookout Windows

HeatingNone

CoolingNone

AccessibilityNone

Exterior & lot

ExteriorOther

RoofAsphalt

FoundationBlock

Foundation area748 sqft

Lot featuresCorner Lot

Road frontageCity Street

ZoningResidential-Single Family

Utilities

Water sourceCity Water/Connected

SewerCity Sewer/Connected

FuelOther

Parking & garage

ParkingGravel

Garage spaces0

Financial details

Annual taxes$598

Tax year2025

Taxes w/ assessments598

Assessment pendingNo

Down payment resourceYes

Lender ownedNo

Short saleNo

ForeclosureNo

Schools

District2897 - Redwood Area Schools

District number2897

District phone5076448064

High schoolRedwood Area Schools

SODL flat fee brokerage

$0Estimated buyer credit

SODL platform fee $1,200Your buyer credit $0

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.

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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

$273/mo

Principal & interest$210

Property taxes$50

Home insurance (est.)$13

Down payment

$8,000

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.