Investor Opportunity! Handyman Special with Great Potential-This 1937 home is ready for its next chapter and perfect for investors, flippers, or handy buyers looking to build equity. The owner started by taking it down to the studs, giving you a blank slate to transform it into something special. It features a solid concrete block basement and sits on a spacious oversized corner lot, offering extra yard space and possibilities. The location is hard to beat! Situated across the street from a park with sand volleyball courts and picnic area, and just minutes from the 18-hole Redwood Falls Golf Club and beautiful Ramsey Park, a 256-acre destination featuring walking trails, a zoo, scenic waterfall, and outdoor recreation. Whether you’re looking for your next investment project, flip, or renovation opportunity, this property offers great potential in a fantastic location.
Active
$40,000
704 E Walnut St, Redwood Falls, MN 56283
0beds
0baths
550sqft
:
Get pre-qualifiedN/A
Single Family
Built in 1937
10,410 Square Feet Lot
$-- Zestimate®
$73/sqft
$-- HOA
What's special
Extra yard spaceSpacious oversized corner lot
- 130 days |
- 205 |
- 4 |
Zillow last checked:
Listing updated:
Listed by:
Tina Giernet 507-430-2251,
Truly Home Real Estate
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7036458
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 0
- Bathrooms: 0
Heating
- None
Cooling
- None
Features
- Basement: Block,Daylight
- Has fireplace: No
Interior area
- Total structure area: 550
- Total interior livable area: 550 sqft
- Finished area above ground: 0
- Finished area below ground: 0
Property
Parking
- Parking features: Gravel
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
Lot
- Size: 10,410 Square Feet
- Dimensions: 120 x 70
- Features: Corner Lot
Details
- Additional structures: Other
- Foundation area: 748
- Parcel number: 888671740
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family
Materials
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1937
Utilities & green energy
- Gas: Other
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Watsons Third Add
HOA
- Has HOA: No
Location
- Region: Redwood Falls
Financial & listing details
- Price per square foot: $73/sqft
- Tax assessed value: $24,900
- Annual tax amount: $598
- Date on market: 3/18/2026
- Cumulative days on market: 32 days
Estimated market value
Not available
Estimated sales range
Not available
$899/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/18/2026 | Listed for sale | $40,000$73/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7036458 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,068 -5% | $24,900 -2% |
| 2024 | $1,124 +9.8% | $25,400 +0.4% |
| 2023 | $1,024 +0.4% | $25,300 +3.7% |
| 2022 | $1,020 +77.1% | $24,400 +3.4% |
| 2021 | $576 +85.8% | $23,600 +3.1% |
| 2020 | $310 | $22,900 +5% |
| 2019 | -- | $21,800 -0.5% |
| 2018 | -- | $21,900 |
| 2017 | -- | -- |
| 2016 | -- | -- |
| 2015 | -- | -- |
| 2014 | -- | -- |
| 2013 | -- | -- |
| 2012 | -- | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 56283
Nearby schools
GreatSchools rating
- 5/10Reede Gray Elementary SchoolGrades: PK-4Distance: 0.7 mi
- 6/10Redwood Valley Middle SchoolGrades: 5-8Distance: 1 mi
- 6/10Redwood Valley Senior High SchoolGrades: 9-12Distance: 1 mi
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