Welcome to 408 Franklin Ave SW in charming Watertown – a well-built 2-bedroom home that’s full of opportunity. Featuring a nice flat yard, functional layout and a solid structure, this property is a great place to call home. Gain instant equity with the simple addition of an egress window in the basement. While some cosmetic updates will make it shine, this home has great bones to build upon. Only a few blocks to a fabulous park and the home field of the Watertown Red Devils for all of you townball fans! Don’t miss your chance to make it your own!
Closed
$295,000
408 Franklin Ave SW, Watertown, MN 55388
2beds
1,294sqft
Single Family Residence
Built in 1953
10,018 Square Feet Lot
$296,500 Zestimate®
$228/sqft
$1,999 Estimated rent
Home value
$296,500
$273,000 - $323,000
$1,999/mo
Zestimate® history
Owner options
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$1,809/mo
Est. payment
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$1,809/mo
Est. payment
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List your homeWhat's special
Flat yardFunctional layout
Zillow last checked:
Listing updated:
Listed by:
The Schaust Team 612-799-7889,
Compass,
Douglas P Schaust 612-240-9736
Bought with:
John E. Beise
RE/MAX Advantage Plus
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6800262
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
Bedroom
- Level: Main
- Area: 156 Square Feet
- Dimensions: 13x12
Bedroom 2
- Level: Main
- Area: 132 Square Feet
- Dimensions: 12x11
Family room
- Level: Lower
- Area: 234 Square Feet
- Dimensions: 18x13
Kitchen
- Level: Main
- Area: 168 Square Feet
- Dimensions: 14x12
Living room
- Level: Main
- Area: 264 Square Feet
- Dimensions: 22x12
Other
- Level: Lower
- Area: 100 Square Feet
- Dimensions: 10x10
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer, Water Softener Owned
- Laundry: Lower Level
Features
- Basement: Block,Full,Partially Finished,Sump Pump,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 1,294
- Total interior livable area: 1,294 sqft
- Finished area above ground: 960
- Finished area below ground: 334
Property
Parking
- Total spaces: 1
- Parking features: Concrete, Garage Door Opener, No Int Access to Dwelling
- Garage spaces: 1
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Pool features: None
- Fencing: None
Lot
- Size: 10,018 Square Feet
- Dimensions: 66 x 156
- Features: Tree Coverage - Medium
Details
- Foundation area: 970
- Parcel number: 850500860
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Block
Condition
- New construction: No
- Year built: 1953
Utilities & green energy
- Electric: Circuit Breakers, 100 Amp Service
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: City Lts Of Watertown
HOA
- Has HOA: No
Location
- Region: Watertown
Financial & listing details
- Price per square foot: $228/sqft
- Tax assessed value: $225,500
- Annual tax amount: $2,388
- Date on market: 11/7/2025
- Cumulative days on market: 25 days
Price history
| Date | Event | Price |
|---|---|---|
| 12/5/2025 | Sold | $295,000-1.6%$228/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6800262 Report a problem | ||
| 11/7/2025 | Pending sale | $299,900$232/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6800262 Report a problem | ||
| 10/30/2025 | Listing removed | $299,900$232/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6800262 Report a problem | ||
| 10/10/2025 | Listed for sale | $299,900$232/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6800262 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,402 +0.6% | $225,500 +5.4% |
| 2024 | $2,388 +3.1% | $214,000 +1.1% |
| 2023 | $2,316 +11.9% | $211,700 +1.1% |
| 2022 | $2,070 -0.1% | $209,300 +27.1% |
| 2021 | $2,072 +3.4% | $164,700 +4% |
| 2020 | $2,004 +14.3% | $158,400 +3.5% |
| 2019 | $1,754 | $153,000 +15.9% |
| 2017 | $1,754 +9.1% | $132,000 +37.2% |
| 2016 | $1,608 | $96,200 +10.2% |
| 2015 | $1,608 +17.5% | $87,300 +20.2% |
| 2014 | $1,368 -0.6% | $72,600 -28% |
| 2013 | $1,376 -7.5% | $100,800 -0.9% |
| 2012 | $1,488 +3.6% | $101,700 -10.8% |
| 2011 | $1,436 +1.1% | $114,000 |
| 2010 | $1,420 -3.9% | -- |
| 2009 | $1,478 | $136,800 -3% |
| 2007 | -- | $140,986 +4.5% |
| 2005 | -- | $134,897 +1.4% |
| 2004 | -- | $133,042 |
| 2002 | -- | -- |
| 2001 | $1,055 +0.2% | -- |
| 2000 | $1,053 | -- |
Find assessor info on the county website
Neighborhood: 55388
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Nearby schools
GreatSchools rating
- 9/10Watertown-Mayer Middle SchoolGrades: 5-8Distance: 0.7 mi
- 8/10Watertown Mayer High SchoolGrades: 9-12Distance: 0.7 mi
- 9/10Watertown-Mayer Elementary SchoolGrades: K-4Distance: 1.3 mi
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Estimated market value
$296,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$296,500
- Minnesota
- Carver County
- Watertown
- 55388
- 408 Franklin Ave SW
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