516 E School St, Owatonna, MN 55060
OFF MARKET

$198,400

Trulia Estimate
  • 3 Beds
  • 1.5 Baths
  • 2,741 sqft

516 E School St, Owatonna, MN 55060

Est. Refi. Payment $1,335/mo*
Refinance Your Home
Currently Off Market - Sold Nov 7, 2025 for $207,000

Home Value

Trulia Estimate
$198K
Since last month
Decreased$4K (-1.8%)
Since last year
Decreased$25K (-11.2%)
Since last sale
Decreased$8K (-3.9%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +39% in the last 10 years
MonthEstimated value
2026
September 2026$199K
August 2026$198K
July 2026$203K
June 2026$208K
May 2026$202K
April 2026$202K
March 2026$205K
February 2026$208K
January 2026$207K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
527 E Academy St, Owatonna, MN
0.04
Single-Family Home
$210,000
04/10/26
3
1
2,028
609 Harriet Ave, Owatonna, MN
0.16
Single-Family Home
$300,000
05/29/26
3
2
2,753
551 Agnes St, Owatonna, MN
0.12
Single-Family Home
$290,000
04/27/26
3
1.5
2,864
509 E Academy St, Owatonna, MN
0.03
Single-Family Home
$275,000
09/09/26
3
2
1,494
510 E School St, Owatonna, MN
0.01
Single-Family Home
$185,000
06/18/26
2
1
1,851
533 E Broadway St, Owatonna, MN
0.25
Single-Family Home
$215,000
05/20/26
3
1.5
2,155
571 E Academy St, Owatonna, MN
0.12
Single-Family Home
$250,000
06/22/26
4
1.5
2,937
603 E Academy St, Owatonna, MN
0.14
Single-Family Home
$239,900
06/29/26
3
1.5
1,321
719 Truman Ave, Owatonna, MN
0.32
Single-Family Home
$232,000
03/06/26
3
2
2,306

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
521 E Academy St, Owatonna, MN 55060
0.03
$323,400
3
2
1,805
Off Market
527 E Academy St, Owatonna, MN 55060
0.04
$210,000
3
1
2,028
Recently Sold
510 E School St, Owatonna, MN 55060
0.01
$185,000
2
1
1,851
Recently Sold
509 E Academy St, Owatonna, MN 55060
0.03
$275,000
3
2
1,494
Recently Sold
516 E Academy St, Owatonna, MN 55060
0.07
$276,100
3
1.5
2,292
Off Market
531 E School St, Owatonna, MN 55060
0.05
$269,800
2
2
2,222
Off Market
503 Lincoln Ave S, Owatonna, MN 55060
0.04
$250,400
3
2
2,682
Off Market
418 Lincoln Ave, Owatonna, MN 55060
0.05
$157,800
2
1
1,604
Off Market
448 E School St, Owatonna, MN 55060
0.05
$232,700
3
1
1,546
Off Market
445 E Academy Street E, Owatonna, MN 55060
0.06
$198,900
4
1
-
Off Market
445 E Academy St, Owatonna, MN 55060
0.06
$206,000
4
1
2,223
Off Market

Local Information

  • Map ViewExplore the area around 516 E School St.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1950
2,741 sqft
$72/sqft
2 Car Garage

About this House

Take a step in the right direction with this charming 2-story home with generous space for everyday living and entertaining. The main level offers both a large living room and a family room—perfect for hosting guests or relaxing with loved ones. Upstairs, you'll find 3 good sized bedrooms, 2 of which feature hardwood flooring and plenty of space to unwind. A full bath on the upper level and a convenient half bath on the main floor add functionality. Step out from the upper level onto a unique rooftop patio—an ideal spot for morning coffee or evening sunsets. Additional updates include a new electrical panel and fresh exterior paint. A backyard patio and a 2-stall garage round out this home.
516 E School St, Owatonna, MN 55060 is a 3 bedroom, 2 bathroom, 2,741 sqft single-family home built in 1950. It last sold for $207,000 on Nov 7, 2025 (10% below the $229,000 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $198,400, with a rent estimate of $1,919/month.
Last check for updates: about 15 hours ago
Listed by Matthew Kern, (507) 676-1602
RE/MAX Venture
Bought with: Matthew Kern, (507) 676-1602, RE/MAX Venture
Source: NorthstarMLS as distributed by MLS GRID, MLS#6740888

Home Details for 516 E School St

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: UnfinishedNumber of Rooms: 7Types of Rooms: Bedroom, Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Living Room
Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 2Number of Bathrooms (full): 1Number of Bathrooms (half): 1
Dimensions and Layout
Living Area: 2741 Square FeetFoundation Area: 765
Appliances & Utilities
Appliances: Dishwasher, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Water Softener RentedDishwasherDryerLaundry: In BasementMicrowaveRefrigerator
Heating & Cooling
Heating: Forced AirHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Forced Air
Fireplace & Spa
Number of Fireplaces: 1Fireplace: Family RoomHas a Fireplace
Gas & Electric
Electric: Circuit Breakers, 100 Amp Service, Power Company: OtherGas: Natural Gas
Levels, Entrance, & Accessibility
Stories: 2Levels: TwoAccessibility: None
View
No View

Exterior Features

Exterior Home Features
Roof: AsphaltPatio / Porch: Patio
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2No CarportHas a GarageHas an Attached GarageParking Spaces: 2Parking: Attached
Frontage
Road Frontage: City StreetResponsible for Road Maintenance: Public Maintained RoadNot on Waterfront
Water & Sewer
Sewer: City Sewer/Connected
Finished Area
Finished Area (above surface): 1976 Square Feet

Days on Market

Cumulative Days on Market: 105

Property Information

Year Built
Year Built: 1950
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family
Building
Construction Materials: FrameNot a New ConstructionNot Attached PropertyNo Additional Parcels
Property Information
Parcel Number: 171360103

Price & Status

Price
List Price: $229,000
Status Change & Dates
Off Market Date: Wed Oct 01 2025

Location

Direction & Address
City: OwatonnaCommunity: Replat Of Highland Park - Chambers
School Information
High School District: Owatonna

Building

Building Area
Building Area: 2741 Square Feet

HOA

No HOA

Lot Information

Lot Area: 8712 sqft

Offer

Contingencies: None

Miscellaneous

BasementMls Number: 6740888Above Grade Unfinished Area: 1976

Price and Tax history

DateEventPrice
Nov 7, 2025
Source: NorthstarMLS as distributed by MLS GRID #6740888
Sold
$207,000
Oct 1, 2025
Source: NorthstarMLS as distributed by MLS GRID #6740888
Pending
$229,000
Jul 21, 2025
Source: NorthstarMLS as distributed by MLS GRID #6740888
PriceChange
$229,000
Price decreased by 4%
Jun 18, 2025
Source: NorthstarMLS as distributed by MLS GRID #6740888
Listed For Sale
$239,000

Market trends in Owatonna

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$286K
$1.87KMoM
Sale-to-List Price
100.0%
0.1%MoM
Price per sq ft
$135
$6MoM
Available listings
133
4MoM

Around this home

What Locals Say about Owatonna

At least 111 Trulia users voted on each feature.

  • 89 % Say parking is easy

  • 89 % Say car is needed

  • 85 % Say yards are well-kept

  • 82 % Say it's dog friendly

  • 81 % Say there's holiday spirit

  • 73 % Say kids play outside

  • 69 % Say people would walk alone at night

  • 68 % Say it's quiet

  • 64 % Say streets are well-lit

  • 57 % Say neighbors are friendly

  • 53 % Say they plan to stay for at least 5 years

  • 50 % Say there are sidewalks

  • 45 % Say there's wildlife

  • 43 % Say it's walkable to restaurants

  • 34 % Say it's walkable to grocery stores

  • 25 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Circleb46
    "This is a nice, quiet neighborhood with lots of young families with children. A lovely area. Very friendly people in this NE neighborhood. Safe to go for walks. Neighbors look out for each other. "
    9
    Flag
  • d m
    "quiet, well maintained, family oriented neighborhood. nice parks and walking/biking trails good schools. "
    0
    Flag
  • Ismael J.
    " Most of my neighbors have dogs and they dont bark at all its a great neighborhood.I think the only eyesour is that we get a lot more water on the subpump and you see alot of water running down the street."
    3
    Flag
  • Julian R.
    "steele county free fair. Minnesota's largest county fair and free admission which is the only free county fair in Minnesota "
    0
    Flag
  • bcat93
    "We have lived in this neighborhood for 3 years now and love every second of it. The neighborhood is perfectly located for kids as the elementary and middle school are very close and the high school isn't far either. Our area is also very quiet. No loud car sounds from busy roads. It's like country living, but being close to town!"
    0
    Flag
  • Mskristine k.
    "I’ve lived in this neighborhood almost 10 years...we seriously couldn’t ask for a better neighborhood. "
    0
    Flag
  • Nmunye
    "I have been living in this town almost all my life. My neighbors became like family and we all look out for one another. If your thinking about moving here I recommend it but it is a little boring not much to do for teenagers."
    0
    Flag
  • circleb46
    "doesn't take long and we are in downtown Owatonna! Easy to find our street as we are right off of Rose Street. Rose street takes us directly to downtown! nice! "
    0
    Flag
  • Sam P.
    "top of the hill, makes for nice sunsets. good neighbors, little traffic, a nice place to live. close to gas station, lake, and grocery stores."
    1
    Flag
  • 1967sundog
    "I lived in the Rose Street, Owatonna, Mn area for 13 years. It is unique for there are family homes and rental apartments side by side "
    0
    Flag
  • circleb46
    "Very friendly neighborhood! Absolutely love this area. Quiet streets. Neighbors look out for each other. Lived here in this area for almost 3 years and really like it! "
    0
    Flag
  • Dvberg78
    "we've been lucky in this neighborhood to have good long-standing neighbors that we get along with I worry somewhat about the future as some of the houses in our area are becoming rental properties"
    0
    Flag
  • Natasha A.
    "Wonderful Neighborhood! Great neighbors, Safe, Family Friendly, Close to parks, only 1 mile from scenic Downtown Owatonna. Beautiful wooded backyards with deer and great bird watching.Its a must see !"
    0
    Flag

LGBTQ Local Legal Protections

Based on information submitted to the MLS GRID as of 2026-09-17 14:13:24 PDT. 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. Some IDX listings have been excluded from this website. Click here for more information
By searching NorthstarMLS listings you agree to the NorthstarMLS End User License Agreement

Frequently asked questions about 516 E School St

  • What is 516 E School St estimated to be worth?
    Trulia's estimated value for 516 E School St in Owatonna, MN is $198,400.
  • What is the price history for 516 E School St?
    516 E School St in Owatonna, MN last sold for $207,000 in November 2025.
  • Is Owatonna a buyer's or seller's market?
    Owatonna is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Owatonna?
    The median sale price in Owatonna is $286K. That is down $1.87K from the prior month.
  • Does 516 E School St have air conditioning?
    Yes, 516 E School St in Owatonna, MN has air conditioning.
  • Does 516 E School St have laundry facilities?
    Yes, 516 E School St in Owatonna, MN has laundry facilities.

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