RENTED NOV 1, 2025

718 E Elm St Redwood Falls, MN 56283

Estimated Value: $97,000 - $175,000

4 Beds
1.5 Baths
1,368 Sq Ft
$96/Sq Ft Est. Value

Last Sold August 11, 2025

Last sale price $97,000 $71 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $848/month

Highlights

  • No HOA
  • 2 Car Detached Garage
  • Forced Air Heating and Cooling System

About This Home

As of November 2025

This beautifully updated 4-bedroom home is move-in ready and full of modern finishes! Inside, you’ll find brand-new LVP and carpet throughout, a stunning kitchen with new cabinets and granite countertops, updated lighting, plus fresh bathroom fixtures that give the home a clean, contemporary feel.
The layout offers flexibility with 1 bedroom on the main floor, 2 spacious bedrooms upstairs, and a 4th bedroom in the walk-out basement—perfect for a separate living space or private access. The main level features a full bathroom, while the upper level has a convenient half bath. Outside, enjoy the oversized two-car detached garage and a concrete deck area over additional storage.
Contact us today to schedule your showing! -Application and background check required -Security deposit is one month's rent and is due after signing lease. -First month's rent is due prior to moving in. -Pets are allowed with additional $25 per pet per month. -No smoking is allowed in the home -Section 8 vouchers are accepted. -Landlord prefers a 1 year lease minimum. Will consider rent to own options for qualified applicants.

Last Agent to Rent the Property

Shannon Guetter

Re/Max Realty Plus Brokerage Phone: 5076168322 Listed on: 09/13/2025

Re/Max Realty Plus

Last Renter's Agent

Christian Peterson

Lakes Sotheby's International

Lakes Sotheby's International

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1959

Lot Details

  • 6,534

Parking

  • 2 Car Detached Garage

Interior Spaces

  • 1.5-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms

Partially Finished Basement

  • Walk-Out Basement
  • Laundry in Basement

Additional Features

  • Lot Dimensions are 60x120
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • Watsons Third Add Subdivision

Listing and Financial Details

  • Property Available on 9/13/25
  • Tenant pays for all utilities
  • The owner pays for insurance, taxes
  • Assessor Parcel Number 888671500

Home Details

Home Type

Single Family

Year Built

Built in 1959

Lot Details

6,534 Sq Ft Lot

Parking

2

Rental Info

  • Furnished: Unfurnished
  • Available Date: 2025-09-13
  • Lease Price: 1850
  • ApplicationFee: 35
  • SecurityDeposit: 1975
  • SmokingPermitted: N

Listing Details

  • Type: Residential Lease
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1959
  • Above Grade Finished Sq Ft: 992
  • Unit Levels: One and One Half
  • New Construction: No
  • FractionalOwnershipYN: No
  • Attribution Contact: 5076168322
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Partially Finished, Walkout
  • Living Area: 1368
  • Fireplace: No
  • Below Grade Finished Sq Ft: 376
  • Owner Pays: Insurance, Taxes
  • Basement YN: Yes

Beds/Baths

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

Garage/Parking

  • Parking Features: Detached Garage

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • LaundryFeatures: In Basement
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Redwood Area Schools
  • SchoolDistrictPhone: 5076448064

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 60x120
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • Yearly/Seasonal: Yearly

Tax Info

  • Assessor Parcel Number: 888671500

Multi Family

  • TenantPays: All Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2025
Closed on
Aug 6, 2025
Sold by
Harrington Gwenn
Bought by
Peterson Family Property Holdings Llc A and Crp Law And Property Limited Liability C
Seller's Agent
Nan Kaufenberg
River City Real Estate
Buyer's Agent
Shannon Guetter
Re/Max Realty Plus
List Price
$109,000
Sold Price
$97,000
Premium/Discount to List
-$12,000
-11.01%
Views
10
Current Estimated Value
$135,620

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,620
Avg. Annual Appreciation
62.37%
Original Mortgage
$72,750
Outstanding Balance
$72,688
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$58,953

Purchase Details

Closed on
Sep 1, 2007
Bought by
Harrington Gwenn C
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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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Peterson Family Property Holdings Llc A $97,000 --
Harrington Gwenn C $84,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Peterson Family Property Holdings Llc A $72,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/01/2025 11/01/25 Rented $1,850 0.0% --
09/21/2025 09/21/25 Price Changed $1,850 -6.3% $1 / Sq Ft
09/13/2025 09/13/25 For Rent $1,975 0.0% --
08/11/2025 08/11/25 Sold $97,000 -11.0% $71 / Sq Ft View Prior Sale
07/21/2025 07/21/25 Pending -- -- --
07/16/2025 07/16/25 For Sale $109,000 -- $80 / 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 $1,552 $130,200 $15,000 $115,200
2024 $1,424 $126,800 $15,000 $111,800
2023 $1,146 $116,500 $15,000 $101,500
2022 $1,026 $99,700 $15,000 $84,700
2021 $874 $88,200 $15,000 $73,200
2020 $896 $78,300 $15,100 $63,200
2019 $846 $74,900 $11,400 $63,500
2018 $814 $72,200 $8,900 $63,300
2017 $770 $0 $0 $0
2016 $770 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6788639

NorthstarMLS

APN: 88-867-1500

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