305 1st Street Ne

Morristown, MN
$ 515,000 Beds 3 Baths 3.5 Sq 2,576
Monthly Estimate* How much can I afford?

Step into a storybook setting where French Colonial charm meets coastal serenity and Southern grace, tucked along the banks of the Cannon River in the heart of Morristown. With two parcels included, the home plus an additional buildable lot with 165 feet of pristine shoreline, this property offers a level of privacy, beauty, and possibility that is rarely found. Inside, curated custom finishes and artisan craftsmanship create a home that feels both worldly and welcoming, from whitewashed cedar ceilings and layered textures to oversized windows that flood the open-concept main floor with natural light and frame the river like living artwork, where every window holds a river view and every detail tells a story. Designed for both gathering and quiet moments, you’ll enjoy morning coffee on one of two river-facing decks, evenings on the wraparound porch watching eagles soar, and days spent canoeing, fishing, or simply enjoying the peaceful rhythm of river life. The home features three generous bedrooms, including two spa-like ensuite retreats, blending comfort and luxury in perfect harmony. A four-stall tandem heated garage with large windows offers incredible space for vehicles, hobbies, kayaks, and more, feeling more like an extension of the home than a garage. This is more than a home, it’s a beautiful riverside lifestyle, where every detail was chosen with intention. And now, with a new price, it presents an incredible opportunity to own one of the most unique and special properties in the area. Located in the charming town of Morristown, just minutes from Faribault and with easy access to I-35 and Mankato, this home offers the rare combination of peaceful small-town living and convenient access to larger city amenities. Surrounded by lakes in every direction, this location is a dream for those who love the outdoors yet need accessibility...a perfect blend of convenience and rural beauty. Truly the best of both worlds!

Single Family

  • Price
  • $ 515,000
  • City
  • Morristown
  • Bedrooms
  • 3
  • Full Bathrooms
  • 3
  • County
  • RICE
  • Half Bathrooms
  • 1
  • Area
  • Original Town-Morristown
  • Lot Size
  • 0.7 Acres
  • Zip
  • 55052
  • Sqr Footage
  • 2,576
  • Year Built
  • 2020
  • Taxes
  • $ 5952
  • Style
  • Single Family
  • MLS#
  • 7049081
Listed By: eXp Realty
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 2576
Sewer City Sewer - In Street
Heating Forced Air,Wood Stove
Cooling Central Air
Roof Age 8 Years or Less,Asphalt,Pitched
Appliances Chandelier,Dishwasher,Dryer,Exhaust Fan,Range,Refrigerator,Stainless Steel Appliances,Washer
Garage Spaces 4
Year Built 2020
Electric Circuit Breakers
View North,River
Levels Two
Property Subtype Single Family
Tax Year 2025
Waterfront Features River Front,River View
Accessibility None
County Rice
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Original Town/Morristown
Full Baths 2
Directions Highway 60 West towards Morristown. South on Holland Avenue which turns into Bloomer Street East. North (right) on 1st Street NE to property on left. Listing includes the home and lot and adjacent pa
City Morristown
High School District Waterville-Elysian-Morristown
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 5952
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
Amenities Unit Balcony,Deck,Kitchen Center Island,Kitchen Window,Primary Bedroom Walk-In Closet,Panoramic View,Washer/Dryer Hookup,Wet Bar,Walk-In Closet
PostalCity Morristown

Interior Features

Basement Crawl Space
Fireplace Features Wood Burning,Wood Burning Stove
Basement (Y/N) No
Above Grade Finished Area 2576
Half Baths 1
3/4 Baths 1
Laundry Features Laundry Room,Upper Level
Total Bedrooms 3
Total Baths 4
Bath Desc Two Primary Baths,Full Primary,Private Primary,Main Floor 1/2 Bath,Separate Tub & Shower,Upper Level 3/4 Bath
Dining Room Description Eat In Kitchen,Kitchen/Dining Room,Living/Dining Room
Foundation Dimensions 1288
Fuel Natural Gas
Garage Dimensions 24x42
Garage Square Feet 1008
Waterfront Feet 165

Exterior Features

Parking Features Attached Garage,Concrete,Garage Door Opener,Heated Garage,Insulated Garage
Lot Features Accessible Shoreline,Corner Lot,Tree Coverage - Light
Water Source City Water - In Street
Lot Size Area 0.7
Building Area Total 2576
Lot Dimensions 165x185
Waterfront Y/N Yes
Foundation Area 1288
Road Frontage Type Cul De Sac,Paved Streets
Road Responsibility Public Maintained Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Faribault, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

4/4/2026 Listed $525,000
7/2/2026 2% - $515,000

Property vs Zip Code Average in 55052

Price
AVG $430K
$520K
Taxes
AVG $4,007
$5,952
Year Built
AVG 1978
2020
Visits
AVG 99
353
Data Provided by Inside Real Estate®

305 1st Street Ne Morristown, MN is a Single Family Home for sale at $515000 with 2576 sqft and a lot size of 0.7 Acres Acre(s). 305 1st Street Ne Morristown has 3 bedrooms, 3 baths and was built in 2020. The property's zip code is 55052 which is in Morristown, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.