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  • Price cut: $6.5K (9/1)
    $208,500

    514 State St E, Cannon Falls, MN 55009

    2beds
    1,354sqft
    : 
    $1,414/mo
    Get pre-qualified
    Single Family
    Built in 1926
    7,840 Square Feet Lot
    $205,700 Zestimate®
    $154/sqft
    $-- HOA

    What's special

    CHARM, SPACE & OPPORTUNITY IN CANNON FALLS! This sweet and functional home offer over 1,300 finished sq. ft. home has been loved by the same owner for 21 years and offers plenty of room to make it your own and build equity along the way. Even better—the amazing unfinished upper level is ready for your ideas and offers potential for approximately 300 additional finished square feet! The main level offers comfortable living spaces, newer appliances, a 3-season porch, huge deck, separate dining room, new front and side doors and ceiling fans in the living room, porch and bedroom. The walkout lower level includes an office space that would be perfect 3rd bedroom with the addition of an egress window, a convenient 1/2 bath in the laundry room and a new washer. The breezeway provides easy access from the walkout to the back yard. Outside, enjoy a large deck, original detached garage PLUS a newer storage/mini-garage—perfect for bikes, kayaks, outdoor gear, workshop space and more. Street and alley parking add even more convenience. Roof and mechanicals updated in 2019. Located in charming Cannon Falls, where rivers, trails and beautiful natural surroundings make it easy to enjoy biking, hiking, kayaking, fishing and the outdoors. Priced with room to improve, personalize and create equity—bring your ideas and make this one your own! Seller prefers to sell in as-is condition and has priced it accordingly to secure a quick sale. Closing date flexibility is appreciated.
    14 days
    842
    36

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Gwendolyn Marty 651-238-1886,

    Jason Mitchell Real Estate Minnesota

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7131123MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 1
      • 1/2 bathrooms: 1
      Bedroom
      • Level: Main
      • Area: 110 Square Feet
      • Dimensions: 11x10
      Bedroom 2
      • Level: Lower
      • Area: 121 Square Feet
      • Dimensions: 11x11
      Other
      • Level: Lower
      • Area: 104 Square Feet
      • Dimensions: 13x8
      Deck
      • Level: Main
      • Area: 144 Square Feet
      • Dimensions: 18x8
      Dining room
      • Level: Main
      • Area: 110 Square Feet
      • Dimensions: 11x10
      Family room
      • Level: Lower
      • Area: 187 Square Feet
      • Dimensions: 17x11
      Foyer
      • Level: Main
      • Area: 16 Square Feet
      • Dimensions: 4x4
      Garage
      • Level: Main
      • Area: 228 Square Feet
      • Dimensions: 19x12
      Kitchen
      • Level: Main
      • Area: 110 Square Feet
      • Dimensions: 10x11
      Living room
      • Level: Main
      • Area: 234 Square Feet
      • Dimensions: 13x18
      Office
      • Level: Lower
      • Area: 99 Square Feet
      • Dimensions: 11x9
      Other
      • Level: Main
      • Area: 112 Square Feet
      • Dimensions: 14x8
      Other
      • Level: Upper
      • Area: 288 Square Feet
      • Dimensions: 24x12
      Walk in closet
      • Level: Main
      • Area: 25 Square Feet
      • Dimensions: 5x5
      Workshop
      • Level: Main
      • Area: 168 Square Feet
      • Dimensions: 14x12
      Heating
      • Forced Air
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer, Water Softener Owned
      Features
      • Basement: Finished,Full,Walk-Out Access
      • Has fireplace: No
      Interior area
      • Total structure area: 1,728
      • Total interior livable area: 1,354 sqft
      • Finished area above ground: 832
      • Finished area below ground: 522

      Property

      Parking
      • Total spaces: 1
      • Parking features: Detached Garage, Gravel
      • Garage spaces: 1
      • Details: Garage Dimensions (19x12)
      Accessibility
      • Accessibility features: None
      Features
      • Levels: One and One Half
      • Stories: 1.5
      Lot
      • Size: 7,840 Square Feet
      • Dimensions: 142 x 60
      Details
      • Foundation area: 890
      • Parcel number: 521401320
      • Zoning description: Residential-Single Family

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family
      Condition
      • New construction: No
      • Year built: 1926

      Utilities & green energy

      • Gas: Natural Gas
      • Sewer: City Sewer/Connected
      • Water: City Water/Connected

      Community & HOA

      Community
      • Subdivision: Cannon Falls City Add
      HOA
      • Has HOA: No
      Location
      • Region: Cannon Falls

      Financial & listing details

      • Price per square foot: $154/sqft
      • Tax assessed value: $188,700
      • Annual tax amount: $2,718
      • Date on market: 8/20/2026

        Estimated market value

        $205,700

        $195,000 - $216,000

        $1,681/mo

        Price history

        DateEventPrice
        9/1/2026Price change$208,500-3%$154/sqft
        Source: NorthstarMLS as distributed by MLS GRID #7131123 Report a problem
        8/24/2026Listed for sale$215,000+53.6%$159/sqft
        Source: NorthstarMLS as distributed by MLS GRID #7131123 Report a problem
        5/24/2016Listing removed$140,000$103/sqft
        Source: Bridge Realty, LLC #4715089 Report a problem
        5/13/2016Listed for sale$140,000-3.1%$103/sqft
        Source: Bridge Realty, LLC #4715089 Report a problem
        6/1/2005Sold$144,500$107/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,718 +37.5%$159,133
        2024$1,977 +8.7%$159,133 -7.4%
        2023$1,819 +6.7%$171,800 +7.8%
        2022$1,705 +10.3%$159,300 +16.4%
        2021$1,545 +5.1%$136,800 +9.7%
        2020$1,471 -30.4%$124,700 +5.8%
        2019$2,112 $117,900 +8.3%
        2018$2,112 +49.6%$108,900 +4.9%
        2017$1,412 +34.5%$103,800 +8.1%
        2016$1,050 $96,000 +3.2%
        2015$1,050 $93,000 +8.9%
        2014$1,050 +14.4%$85,400 +0.4%
        2013$918 -15.5%$85,100 -11.4%
        2012$1,086 -19.3%$96,000 -16%
        2011$1,346 +1.7%$114,300 -1.5%
        2010$1,324 -2.9%$116,000 -2.8%
        2009$1,364 -6.1%$119,400
        2008$1,452 +9%$119,400
        2007$1,332 -2.5%--
        2006$1,366 +11.4%--
        2005$1,226 +7%--
        2004$1,146 -3.4%--
        2003$1,186 +20.5%--
        2002$984 +17.1%--
        2001$840 --
        Find assessor info on the county website

        Monthly payment

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        Payment breakdown

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        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 55009

        Getting around

        29 / 100
        Car-Dependent
        37 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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