This is a Carver County Community Land Trust property - Please look at the link below for guidelines and application. An application must be filled out prior to making an offer. This home has income limits in order to qualify. NO CASH buyers allowed. Must be a 1st time buyer (meaning cannot have owned a home within the last 3 years) Must be an owner occupied home.
Welcome to 413 Franklin Ave NW — a thoughtfully designed 4-bedroom, 2-bath home built by the Carver County Community Development Agency as part of the Community Land Trust program. Offering 1,046 finished square feet on the main level and 768 finished square feet in the walkout lower level, this home delivers modern style, smart layout, and exceptional value.
This is an infill build nestled within an established neighborhood featuring mature trees and a welcoming community feel — a rare opportunity to enjoy new construction in a setting that already feels like home. The location offers walkability to Watertown-Mayer High School and convenient access to local parks, shops, and everyday amenities.
Inside, the bright, open main level features warm wood-tone flooring, large windows that flood the space with natural light, and a clean, inviting kitchen complete with quartz countertops and a center island — perfect for everyday living and entertaining. The finished walkout lower level includes two additional bedrooms and a full bath, with an unfinished family room area ready for future equity and personalization.
Outside, you’ll appreciate the detached 22x22 garage and manageable yard in a quiet residential setting.
This home is available to qualifying first-time homebuyers through the Carver County Community Land Trust program. Buyers must meet income guidelines (at or below 80% AMI) and complete the required pre-screening and approval process.
Closed
$305,000
413 Franklin Ave NW, Watertown, MN 55388
4beds
2,092sqft
Single Family
Built in 2026
9,626 Square Feet Lot
$306,100 Zestimate®
$146/sqft
$2,859 Estimated rent
Home value
$306,100
$291,000 - $321,000
$2,859/mo
Zestimate® history
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$1,910/mo
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Est. payment
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List your homeWhat's special
Modern styleManageable yardCenter islandSmart layoutBright open main levelClean inviting kitchenTwo additional bedrooms
Zillow last checked:
Listing updated:
Listed by:
Gregory R Anderson 952-368-0345,
RE/MAX Advisors-West
Bought with:
John E. Beise
RE/MAX Advantage Plus
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7017209
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Bedroom
- Level: Main
- Area: 143 Square Feet
- Dimensions: 13x11
Bedroom 2
- Level: Main
- Area: 117 Square Feet
- Dimensions: 13x9
Bedroom 3
- Level: Lower
- Area: 208 Square Feet
- Dimensions: 13x16
Bedroom 4
- Level: Lower
- Area: 117 Square Feet
- Dimensions: 13x9
Dining room
- Level: Main
- Area: 130 Square Feet
- Dimensions: 10x13
Kitchen
- Level: Main
- Area: 208 Square Feet
- Dimensions: 13x16
Living room
- Level: Main
- Area: 143 Square Feet
- Dimensions: 13x11
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Range, Refrigerator, Stainless Steel Appliance(s), Washer
- Laundry: Lower Level, Washer Hookup
Features
- Basement: Drain Tiled,Egress Window(s),Finished,Concrete,Partially Finished,Sump Pump
- Has fireplace: No
Interior area
- Total structure area: 2,092
- Total interior livable area: 2,092 sqft
- Finished area above ground: 1,046
- Finished area below ground: 768
Property
Parking
- Total spaces: 2
- Parking features: Detached Garage, Gravel, Garage Door Opener
- Garage spaces: 2
- Has uncovered spaces: Yes
- Details: Garage Dimensions (22x22), Garage Door Height (7), Garage Door Width (16)
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Front Porch
Lot
- Size: 9,626 Square Feet
- Dimensions: 66 x 157
- Features: Tree Coverage - Light
Details
- Foundation area: 1046
- Parcel number: 850500100
- On leased land: Yes
- Lease amount: $25
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family
Materials
- Frame
- Roof: Age 8 Years or Less,Asphalt
Condition
- New construction: Yes
- Year built: 2026
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: $146/sqft
- Tax assessed value: $45,000
- Annual tax amount: $1,000
- Date on market: 2/6/2026
- Cumulative days on market: 19 days
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 4/15/2026 | Sold | $305,000$146/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7017209 Report a problem | ||
| 2/25/2026 | Pending sale | $305,000$146/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7017209 Report a problem | ||
| 2/6/2026 | Listed for sale | $305,000$146/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7017209 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $45,000 |
| 2024 | -- | $45,000 |
| 2023 | -- | $45,000 -1.7% |
| 2022 | -- | $45,800 +20.2% |
| 2021 | -- | $38,100 |
| 2020 | -- | $38,100 |
| 2019 | $952 | $38,100 -7.5% |
| 2017 | $952 -94.4% | $41,200 |
| 2016 | $16,946 | $41,200 -54.6% |
| 2015 | $16,946 +417.3% | $90,700 +21.3% |
| 2014 | $3,276 +110% | $74,800 -27.2% |
| 2013 | $1,560 -33.8% | $102,800 -1% |
| 2012 | $2,356 -4.3% | $103,800 -10.7% |
| 2011 | $2,462 +30.4% | $116,300 |
| 2010 | $1,888 -23.6% | -- |
| 2009 | $2,470 | $143,400 -2.3% |
| 2007 | -- | $146,741 +5% |
| 2005 | -- | $139,761 +1.4% |
| 2004 | -- | $137,864 |
| 2002 | -- | -- |
| 2001 | $1,187 +10.2% | -- |
| 2000 | $1,077 | -- |
Find assessor info on the county website
Neighborhood: 55388
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Nearby schools
GreatSchools rating
- 9/10Watertown-Mayer Middle SchoolGrades: 5-8Distance: 0.5 mi
- 8/10Watertown Mayer High SchoolGrades: 9-12Distance: 0.5 mi
- 9/10Watertown-Mayer Elementary SchoolGrades: K-4Distance: 1.2 mi
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Estimated market value
$306,100
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Estimated market value
$306,100
- Minnesota
- Carver County
- Watertown
- 55388
- 413 Franklin Ave NW
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