540 E School St, Owatonna, MN 55060
Property image
Property image
OFF MARKET

540 E School St
Owatonna, MN 55060

  • 3 Beds
  • 2 Baths
  • 1,928 sqft

$242,200

Trulia Estimate
as of Aug 22, 2026
Est. Refi. Payment $1,558/mo*
Refinance Your Home

$242,200

Trulia Estimate
as of Aug 22, 2026
Est. Refi. Payment $1,558/mo*
Refinance Your Home
3 Beds
2 Baths
1,928 sqft

Home Value

Trulia Estimate
$242K
Since last month
Decreased$3K (-1.3%)
Since last year
Decreased$1K (-0.6%)
Since last sale
Increased$73K (+42.6%)
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 +75% in the last 10 years
MonthEstimated value
2026
August 2026$243K
July 2026$246K
June 2026$245K
May 2026$243K
April 2026$242K
March 2026$239K
February 2026$237K
January 2026$232K
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
516 E School St, Owatonna, MN
0.05
Single-Family Home
$207,000
11/07/25
3
1.5
2,741
603 E Academy St, Owatonna, MN
0.09
Single-Family Home
$239,900
06/29/26
3
1.5
1,321
527 E Academy St, Owatonna, MN
0.04
Single-Family Home
$210,000
04/10/26
3
1
2,028
620 Truman Ave, Owatonna, MN
0.20
Single-Family Home
$250,000
09/24/25
3
1.5
1,648
533 E Broadway St, Owatonna, MN
0.25
Single-Family Home
$215,000
05/20/26
3
1.5
2,155
512 Agnes St, Owatonna, MN
0.15
Single-Family Home
$234,800
08/19/26
3
1.5
1,322
531 E Main St, Owatonna, MN
0.18
Single-Family Home
$230,000
11/06/25
4
1.5
1,621
719 Truman Ave, Owatonna, MN
0.28
Single-Family Home
$232,000
03/06/26
3
2
2,306
510 E School St, Owatonna, MN
0.06
Single-Family Home
$185,000
06/18/26
2
1
1,851
551 Agnes St, Owatonna, MN
0.10
Single-Family Home
$290,000
04/27/26
3
1.5
2,864

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
558 E School St, Owatonna, MN 55060
0.04
$267,500
3
2
2,141
Off Market
527 E Academy St, Owatonna, MN 55060
0.04
$210,000
3
1
2,028
Recently Sold
521 E Academy St, Owatonna, MN 55060
0.05
$324,500
3
2
1,805
Off Market
571 E Academy St, Owatonna, MN 55060
0.07
$250,000
4
1.5
2,937
Recently Sold
531 E School St, Owatonna, MN 55060
0.04
$274,100
2
2
2,222
Off Market
540 E Academy St, Owatonna, MN 55060
0.07
$291,000
3
1.5
2,479
Off Market
516 E School St, Owatonna, MN 55060
0.05
$207,000
3
1.5
2,741
Recently Sold
510 E School St, Owatonna, MN 55060
0.06
$185,000
2
1
1,851
Recently Sold
603 E Academy St, Owatonna, MN 55060
0.09
$239,900
3
1.5
1,321
Recently Sold
516 E Academy St, Owatonna, MN 55060
0.08
$280,400
3
1.5
2,292
Off Market
579 E School St, Owatonna, MN 55060
0.09
$218,500
3
1.5
1,934
Off Market
556 Phelps St, Owatonna, MN 55060
0.08
$351,200
4
2.5
3,229
Off Market

Local Information

  • Map ViewExplore the area around 540 E School St.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1952
Living Area
1,928 sqft
Price/Sqft
$126
Parking
Garage

About this House

The search is over for you when you say YES to this home! This well maintained home offers three bedrooms, with a lower level master suite, a full main level bath and a .75 lower level bath, vinyl siding, vinyl windows, fenced in backyard. Come, see and stay!
540 E School St, Owatonna, MN 55060 is a 3 bedroom, 2 bathroom, 1,928 sqft single-family home built in 1952. It last sold for $170,000 on Sep 28, 2020. It is currently off market. The Trulia Estimate is $242,200, with a rent estimate of $2,055/month.

Home Details for 540 E School St

Interior Features

Interior Details
BasementNumber of Rooms: 8Types of Rooms: Walk In Closet, Dining Room
Heating & Cooling
Heating: Forced AirCooling System: CentralHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 1Floors: Hardwood
Appliances & Utilities
DryerRefrigeratorWasher
Fireplace & Spa
Fireplace

Exterior Features

Exterior Home Features
Roof: AsphaltExterior: VinylFoundation Type: Concrete Block
Parking & Garage
GarageParking Space: 1Parking: Garage Attached

Property Information

Year Built
Year Built: 1952
Property Type / Style
Property Type: Single Family Home

Lot Information

Lot Area: 8712 sqft

Price and Tax history

DateEventPrice
Sep 28, 2020
Source: NorthstarMLS as distributed by MLS GRID #5652001
Sold
$170,000
Sep 16, 2020
Source: Agent Provided
Pending
$159,900
Sep 12, 2020
Source: Agent Provided
PendingToActive
$159,900
Sep 8, 2020
Source: Agent Provided
Pending
$159,900
Sep 4, 2020
Source: Agent Provided
Listed For Sale
$159,900

Market trends in Owatonna

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$288K
$10.42KMoM
Sale-to-List Price
99.9%
0.6%MoM
Price per sq ft
$130
$3MoM
Available listings
129
18MoM

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

Frequently asked questions about 540 E School St

  • What is 540 E School St estimated to be worth?
    Trulia's estimated value for 540 E School St in Owatonna, MN is $242,200.
  • What is the price history for 540 E School St?
    540 E School St in Owatonna, MN last sold for $170,000 in September 2020.
  • Is Owatonna a buyer's or seller's market?
    Owatonna is currently a balanced market, based on recent for-sale activity.
  • What's the median sale price in Owatonna?
    The median sale price in Owatonna is $288K. That is up $10.42K from the prior month.
  • Does 540 E School St have air conditioning?
    Yes, 540 E School St in Owatonna, MN has air conditioning.
  • Does 540 E School St have laundry facilities?
    Yes, 540 E School St in Owatonna, MN has in-unit laundry.

Explore by feature - Pet Friendly

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Explore by feature - Washer/dryer

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Off Market Homes Near 540 E School St

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