$55,000
SOLD OCT 23, 2025

201 Main St SE Preston, MN 55965

4 Beds
1.5 Baths
1,275 Sq Ft
8,276 Sq Ft Lot

Recently Sold

$43 Per Sq Ft

15% Below List Price

3 Days on Market

Highlights

  • No HOA
  • Forced Air Heating System
  • Wood Burning Fireplace
  • Living Room
  • Dining Room

About This Home

As of October 2025

Welcome to Pleasant Street! Here's your opportunity for you to put your talents to work and renovate this classic 1880s home that sits prominently on the corner of Pleasant and Main in downtown Preston - just a block from the world-famous trout fishery known as the South Branch of the Root River! This home is also adjacent to the newly renovated Preston Train Depot, along with a nearby park and access to the miles of bike trails literally outside your door. This 4 bedroom, 1 and 1/2 bath home needs lots of TLC, and the price at almost half of assessed value reflects the current condition. It features updated water supply lines throughout the house, and it was occupied for the past year so the owner believes the heating system is operational. Bring your inspectors and offers! This one won't last long at this price! Please note, adjacent garage is no longer part of this property. Survey is attached.

Last Agent to Sell the Property

Frank Lehto

Pathfinder Realty, LLC Listed on: 10/11/2025

Last Buyer's Agent

Frank Lehto

Pathfinder Realty, LLC Listed on: 10/11/2025

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1887

Lot Details

  • 8,364 Sq Ft Lot

Interior Spaces

  • 1,275 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Living Room
  • Dining Room
  • Partial Basement

Bedrooms and Bathrooms

  • 4 Bedrooms

Parking

  • On-Street Parking
  • Unassigned Parking

Utilities

  • No Cooling
  • Forced Air Heating System

Community Details

  • No Home Owners Association
  • Bk Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 170258000

Home Details

Home Type

Single Family

Year Built

Built in 1887

Lot Details

8,364 Sq Ft Lot

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: None
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: City Water/Connected
  • Year Built: 1887
  • Above Grade Finished Sq Ft: 1275
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Partial
  • Fireplace Features: Wood Burning
  • Living Area: 1275
  • Fireplace: Yes
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4

Beds/Baths

  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 4

Exterior Features

  • Roof: Asphalt
  • View: River
  • Other Structures: Storage Shed

Garage/Parking

  • Parking Features: On-Street Parking Only, Other, Unassigned

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas
  • Power Company: Other

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Fillmore Central
  • SchoolDistrictPhone: 507-765-3843

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: Irregular
  • Lot Size Sq Ft: 8363.52
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Fiber Board

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 170258000
  • Tax Annual Amount: 1478
  • TaxWithAssessments: 1478.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2025
Closed on
Oct 22, 2025
Sold by
Schreier Ronald and Schreier Marilyn
Bought by
Merchlewitz Shane R and Rudlono Jared M
Seller's Agent
Frank Lehto
Pathfinder Realty, LLC
Buyer's Agent
Frank Lehto
Pathfinder Realty, LLC
List Price
$65,000
Sold Price
$55,000
Premium/Discount to List
-$10,000
-15.38%
Views
6
Current Estimated Value
$85,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,667
Avg. Annual Appreciation
230.49%

Purchase Details

Listed on
Oct 11, 2025
Closed on
Oct 17, 2025
Sold by
Schreier Ronald and Schreier Marilyn
Bought by
Schreier Ronald and Schreier Marilyn
Seller's Agent
Frank Lehto
Pathfinder Realty, LLC
Buyer's Agent
Frank Lehto
Pathfinder Realty, LLC
List Price
$65,000
Sold Price
$55,000
Premium/Discount to List
-$10,000
-15.38%
Views
6

Purchase Details

Closed on
Apr 29, 2022
Sold by
Ott Sylivia
Bought by
Schreier Ronald and Schreier Marilyn
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Type Sale Price Title Company
Warranty Deed $55,000 None Listed On Document
Quit Claim Deed $500 None Listed On Document
Deed $15,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/23/2025 10/23/25 Sold $55,000 -15.4% $43 / Sq Ft
10/14/2025 10/14/25 Pending -- -- --
10/11/2025 10/11/25 For Sale $65,000 -- $51 / Sq Ft
Source: NorthstarMLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,478 $110,900 $18,700 $92,200
2024 $1,478 $98,300 $18,700 $79,600
2023 $766 $98,300 $18,700 $79,600
2022 $766 $82,000 $18,700 $63,300
2021 $766 $67,900 $18,200 $49,700
2020 $642 $67,900 $18,200 $49,700
2019 $652 $53,300 $16,500 $36,800
2018 $630 $53,300 $16,500 $36,800
2017 -- $52,600 $16,500 $36,100
2016 $578 $52,000 $16,500 $35,500
2015 $583 $30,800 $9,906 $20,894
2014 $583 $29,300 $9,887 $19,413
2013 $583 $32,200 $9,894 $22,306
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6803820

NorthstarMLS

APN: 17.0258.000

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