501 Prospect St

1,265 Sq. Ft.
$114 / Sq. Ft.
1,265
Sq. Ft.
$114
per Sq. Ft.

Description

Open floor plan offering 2 bedrooms, full bath and laundry on upper/main level - also accessible via chair stair lift. Seller will remove prior to closing if not requested in offer. Main level bedroom (#3), office and bonus or family room plus 3/4 bath. Emjoy the deck off of dining area or the paver patio out back (which features electrical for hot tub!) Shed is spacious 12' x 15' with overhead roller door. Propane tank is owned. You will love all of the gorgeous perennials, establish rhubarb, raspberries...Open floor plan offering 2 bedrooms, full bath and laundry on upper/main level - also accessible via chair stair lift. Seller will remove prior to closing if not requested in offer. Main level bedroom (#3), office and bonus or family room plus 3/4 bath. Emjoy the deck off of dining area or the paver patio out back (which features electrical for hot tub!) Shed is spacious 12' x 15' with overhead roller door. Propane tank is owned. You will love all of the gorgeous perennials, establish rhubarb, raspberries grapes and red currants! Check out the peace and quite of small town living. Neighborhood bar and grill, gas station/mini mart and post office make life easy!
  1. Listed by Keller Williams Preferred Realty

Property Details for 501 Prospect Street

Waterfront YN
No
Zoning Jurisdiction
Residential-Single Family
LISTING UPDATED: 06/09/2026 12:35 PM

Property Details for 501 Prospect Street

StatusComing Soon
MLS #7089346
Days on Compass-
Taxes$2,154 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential / Single Family
Year Built2000
Lot Size0.16 AC / 6,969 SF
CountyRedwood County

Location

Listing Courtesy of Keller Williams Preferred Realty
Add your commute

Building Information for 501 Prospect Street

Stories-Year Built2000Building Size-Lot Size0.16 AC / 6,969 SF

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$897 per month

30 year fixed, 6.36% Interest

Principal and Interest

$718

Property Taxes

$180

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 501 Prospect Street

Summary
Location and General Information
  • City Name: Milroy
  • County Or Parish: Redwood
  • County: Redwood-MN
  • Directions: Approaching Milroy Minnesota on Hwy 68, turn west on Superior Str and then north onto Prospect Street. Property will be on your left.
  • Latitude: 44.4191724
  • Longitude: -95.55505599
  • Map Coordinate: 999-A1
  • City and Location: Milroy
  • City and Location Text: Milroy(MN)
  • Postal Code: 56263
  • State Or Province: MN
Taxes and HOA Information
  • Additional Parcels: No
  • Association Fee: $.00
  • Association: No
  • Parcel Number: 852000500
  • Tax Annual Amount: $2,154.00
  • Tax Legal Description: Lot 5 & N 15 ft of Lot 6
  • Tax Other Annual Assessment Amount: $68.00
  • Tax Year: 2026
  • Tax With Assessments: 2222
School Information
  • High School District: 2904 - Tracy Area
  • School District Number: 2904
  • School District Phone: 5076295500
Property
Lot Information
  • Above Grade Fin SQFT: 1265.0
  • Below Grade Fin SQFT: 0.0
  • SQFT Total: 1265.0
  • Living Area Units: Square Feet
  • Lot Features: Tree Coverage - Light
  • Lot Size Area: 0.16
  • Lot Size Dimensions: 65 x 140
  • Lot Size Units: Acres
  • Other Structures: Storage Shed
  • Present Use: Yearly
  • Property Attached: No
  • Property Sub Type: Single Family
  • Property Type: Residential
  • SQFT Main Total: 840
  • Building Area Total: 1265.0
  • Above Grade SqFt Total: 1265
  • Below Grade SqFt Total: 0
Utilities
  • Electric: 200+ Amp Service
  • Sewer: City Sewer/Connected
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: Stair Chair Lift
  • Exterior Features: Wood
  • Fencing: Full, Wire
  • Foundation Area: 840.0
  • Foundation Details: Block
  • Fuel: Electric,Propane
  • Road Frontage Type: Paved Streets
  • Road Responsibility: Public Maintained Road
  • Roof: Age 8 Years or Less, Asphalt
  • Patio Porch Type: Deck,Patio
Interior Features
  • Appliances: Disposal, Dryer, Fuel Tank - Owned, Range, Refrigerator, Washer, Water Softener Owned
  • Basement Type: None
  • Amenities Unit: Cable,Ceiling Fan(s),Deck,Kitchen Window,Natural Woodwork,Patio,Tile Floors,Washer/Dryer Hookup
  • Bath Desc: Main Floor 3/4 Bath,Upper Level Full Bath
  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Bathrooms One Quarter: 0
  • Bathrooms Three Quarter: 1
  • Bathrooms Total Count: 2
  • Bedrooms Total: 3
  • Fireplaces Total: 0
  • FireplaceYN: No
  • Cooling: Central Air
  • Dining Room Description: Eat In Kitchen,Kitchen/Dining Room
  • Garage Dimensions: 11.5x1 and11.5x29
  • Garage Square Feet: 540
  • Heating: Forced Air, Other
  • Laundry Features: Laundry Closet
  • Levels: Split Entry (Bi-Level)
  • Room List: Bathroom, Bonus Room, Bedroom, Kitchen, Living Room, Office, Bedroom 2, Bedroom 3
  • Basement YN: Yes
Room Information
Room 1
  • Room Dimensions: 7'10 x 6'
  • Room Level: Upper
  • Room Type: Bathroom
Room 2
  • Room Dimensions: 18' x 11'7"
  • Room Level: Main
  • Room Type: Bonus Room
Room 3
  • Room Dimensions: 11.7 x 11'7"
  • Room Level: Upper
  • Room Type: Bedroom
Room 4
  • Room Dimensions: 15 x 10'8"
  • Room Level: Upper
  • Room Type: Kitchen
Room 5
  • Room Dimensions: 14 x 11.5
  • Room Level: Main
  • Room Type: Living Room
Room 6
  • Room Dimensions: 10'2 x 11'7"
  • Room Level: Main
  • Room Type: Office
Room 7
  • Room Dimensions: 11'5 x 9
  • Room Level: Upper
  • Room Type: Bedroom 2
Room 8
  • Room Dimensions: 11'7" x 8'7"
  • Room Level: Main
  • Room Type: Bedroom 3

Property History for 501 Prospect Street

DateEvent & SourcePriceAppreciation
Apr 23, 2020

Sold

NorthStar #5321572

$82,000
Mar 29, 2020

Pending

NorthStar #5321572

Oct 14, 2019

Listed (Active)

NorthStar #5321572

$83,900
DateEvent & SourcePrice
04/23/2020

Sold

NorthStar #5321572

$82,000
03/29/2020

Pending

NorthStar #5321572

10/14/2019

Listed (Active)

NorthStar #5321572

$83,900

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 501 Prospect Street

Taxable ValueLand$3,300Additions$113,300Total$116,600
Tax Record2024$2,128 ($177 / month)
Home Facts
Beds0StyleSingle Family ResidenceCountyREDWOODAPN85-200-0500

Schools near 501 Prospect Street

This home is within Milroy Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Rating
School
Distance
Milroy Elementary School
PublicPK to 6

Milroy Junior High School
Public7 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

501 Prospect Street is a single family home Coming Soon in Milroy, MN 56263. This property is currently priced at $144,000. This listing's school district is Milroy Public School District. Nearby schools include Milroy Elementary School and Milroy Junior High School. 501 Prospect Street is a 3-bed, 2-bath, 1,265 sqft single family home built in 2000.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Preferred Realty

Based on information submitted to the MLS GRID as of 06/09/2026 12:35 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.