Welcome to 111 Franklin Avenue SW in the heart of Watertown! This spacious one-level home offers four bedrooms and two bathrooms, with a flexible layout and bright, open living spaces. The main level features great natural light throughout the living, dining, and kitchen areas, along with main-level laundry and three comfortable bedrooms. A three-season porch off the dining area provides the perfect spot to enjoy Minnesota’s spring, summer, and fall. The finished lower level includes a large family room with a gas fireplace, a second full kitchen, a fourth bedroom, a second laundry area, and a private entrance through the garage—ideal for a guest suite, or potential rental use. Recent updates include a new roof in 2020 and a new air conditioning unit in 2024. Outside, a maintenance-free deck overlooks a spacious, flat backyard. A versatile property with thoughtful features and a convenient location in charming Watertown.
Closed
$329,900
111 Franklin Ave SW, Watertown, MN 55388
4beds
2,640sqft
Single Family
Built in 1980
10,018.8 Square Feet Lot
$331,200 Zestimate®
$125/sqft
$2,508 Estimated rent
Home value
$331,200
$308,000 - $358,000
$2,508/mo
Zestimate® history
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$2,023/mo
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List your homeWhat's special
Spacious one-level homeTwo bathroomsSpacious flat backyardFourth bedroomBright open living spacesFour bedroomsThree comfortable bedrooms
Zillow last checked:
Listing updated:
Listed by:
Geoffrey S Serdar 952-258-3100,
Compass,
Sabrina T Bownik 952-270-3377
Bought with:
Lisa L. Nephew
Edina Realty, Inc.
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6818312
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
Bedroom
- Level: Main
- Area: 156 Square Feet
- Dimensions: 13 x 12
Bedroom 2
- Level: Main
- Area: 121 Square Feet
- Dimensions: 11 x 11
Bedroom 3
- Level: Main
- Area: 169 Square Feet
- Dimensions: 13 x 13
Bedroom 4
- Level: Lower
- Area: 182 Square Feet
- Dimensions: 14 x 13
Dining room
- Level: Main
- Area: 143 Square Feet
- Dimensions: 13 x 11
Family room
- Level: Lower
- Area: 442 Square Feet
- Dimensions: 26 x 17
Flex room
- Level: Lower
- Area: 150 Square Feet
- Dimensions: 15 x 10
Informal dining room
- Level: Lower
- Area: 238 Square Feet
- Dimensions: 17 x 14
Kitchen
- Level: Main
- Area: 130 Square Feet
- Dimensions: 13 x 10
Laundry
- Level: Lower
- Area: 63 Square Feet
- Dimensions: 09 x 07
Living room
- Level: Main
- Area: 340 Square Feet
- Dimensions: 20 x 17
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Range, Refrigerator, Washer
- Laundry: Lower Level, Main Level
Features
- Basement: Block,Daylight,Egress Window(s),Finished,Full,Sump Pump
- Number of fireplaces: 1
- Fireplace features: Family Room, Gas
Interior area
- Total structure area: 2,640
- Total interior livable area: 2,640 sqft
- Finished area above ground: 1,320
- Finished area below ground: 1,300
Property
Parking
- Total spaces: 2
- Parking features: Attached, Concrete
- Attached garage spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Fencing: None
Lot
- Size: 10,018 sqft
- Dimensions: 66 x 156
Details
- Foundation area: 1320
- Parcel number: 850500340
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family
Materials
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1980
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & neighborhood
Location
- Region: Watertown
- Subdivision: City Lts Of Watertown
HOA & financial
HOA
- Has HOA: No
Price history
| Date | Event | Price |
|---|---|---|
| 3/26/2026 | Sold | $329,900$125/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6818312 Report a problem | ||
| 2/28/2026 | Pending sale | $329,900$125/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6818312 Report a problem | ||
| 1/15/2026 | Listing removed | $1,115 |
Source: Zillow Rentals Report a problem | ||
| 12/7/2025 | Price change | $329,900-2.9%$125/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6818312 Report a problem | ||
| 12/2/2025 | Price change | $339,900-2.9%$129/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6818312 Report a problem | ||
| 11/14/2025 | Listed for sale | $349,900-13.6%$133/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6818312 Report a problem | ||
| 10/28/2025 | Listed for rent | $1,115 |
Source: Zillow Rentals Report a problem | ||
| 10/18/2025 | Listing removed | $1,115 |
Source: Zillow Rentals Report a problem | ||
| 9/9/2025 | Listed for rent | $1,115-42.8% |
Source: Zillow Rentals Report a problem | ||
| 8/5/2025 | Listing removed | $404,900$153/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6737985 Report a problem | ||
| 6/18/2025 | Price change | $404,900-1.2%$153/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6737985 Report a problem | ||
| 6/12/2025 | Listed for sale | $409,900+51.8%$155/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6737985 Report a problem | ||
| 7/4/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 5/30/2024 | Listed for rent | $1,950$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/16/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 4/29/2024 | Listed for rent | $1,950$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/9/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 3/11/2024 | Price change | $1,950+5.4%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/26/2024 | Listed for rent | $1,850+12.1%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/26/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 11/16/2021 | Price change | $1,650-2.9%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 11/5/2021 | Price change | $1,700-0.9%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 11/1/2021 | Price change | $1,715-0.6%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 10/18/2021 | Price change | $1,725-1.4%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 10/6/2021 | Listed for rent | $1,750$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 2/1/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 12/18/2020 | Sold | $270,000+58.8%$102/sqft |
Source: NorthstarMLS as distributed by MLS GRID #5668334 Report a problem | ||
| 7/12/2013 | Sold | $170,000$64/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #1994018 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,248 +9.9% | $343,200 +5.6% |
| 2024 | $3,866 +0.2% | $325,000 +2.2% |
| 2023 | $3,858 +8.2% | $318,000 -1.7% |
| 2022 | $3,564 +6.8% | $323,400 +29% |
| 2021 | $3,336 -1.8% | $250,700 +5.6% |
| 2020 | $3,398 +3.5% | $237,500 -0.8% |
| 2019 | $3,284 | $239,500 +16.9% |
| 2017 | $3,284 +122.8% | $204,900 +13% |
| 2016 | $1,474 | $181,400 +7.1% |
| 2015 | $1,474 +11.6% | $169,300 +15.6% |
| 2014 | $1,321 -50.6% | $146,500 |
| 2013 | $2,672 -4.5% | $146,500 -0.9% |
| 2012 | $2,798 +6% | $147,800 -10.3% |
| 2011 | $2,640 -2.4% | $164,800 |
| 2010 | $2,706 -5% | -- |
| 2009 | $2,848 | $208,500 -10.2% |
| 2007 | -- | $232,217 +6.1% |
| 2005 | -- | $218,928 +1.7% |
| 2004 | -- | $215,193 |
| 2002 | -- | -- |
| 2001 | $1,933 +5% | -- |
| 2000 | $1,841 | -- |
Find assessor info on the county website
Neighborhood: 55388
Nearby schools
GreatSchools rating
- 9/10Watertown-Mayer Middle SchoolGrades: 5-8Distance: 0.5 mi
- 8/10Watertown Mayer High SchoolGrades: 9-12Distance: 0.5 mi
- 9/10Watertown-Mayer Elementary SchoolGrades: K-4Distance: 1.3 mi
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Estimated market value
$331,200
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Estimated market value
$331,200
- Minnesota
- Carver County
- Watertown
- 55388
- 111 Franklin Ave SW
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