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2040 Greenwood Drive, Owatonna, MN 55060

New Listing

$349,900

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 2,202 Lot Size (sq. ft.): 9,583 Status: Active

Current Price: $349,900 List Date: 7/23/2026 Last Modified: 7/24/2026

Overview

Description

Don't miss this incredible opportunity to own a beautifully maintained home in NE Owatonna. Qualified buyers may also be eligible for a 1-0 interest rate buydown through the preferred lender (buyer qualification and lender terms apply). This move-in-ready 3-bedroom, 2-bath home offers 2,000 finished square feet with an open-concept layout, vaulted ceilings, and a spacious kitchen that flows seamlessly into the dining and living areas. The finished lower level features a cozy family room with a gas fireplace—perfect for relaxing or entertaining. You'll love the heated 3-car garage, maintenance-free composite deck, and fully privacy-fenced backyard, creating the ideal space for entertaining, pets, or simply enjoying summer evenings. Located near parks, schools, walking trails, and convenient I-35 access, this home combines comfort, functionality, and an exceptional location. With the financing incentive, now is the perfect time toschedule your showing!

Listing Details MLS# 7114349

General Property Information

Common Wall: No
Lot Measurement: Acres
Manufactured Home?: No
Multiple PIDs?: No
New Development: No
Number of Fireplaces: Yes
Waterfront YN: No
Year Built: 1995
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Bath Full: 2
Main Floor Total SqFt: 1101
Above Grd Total SqFt: 1101
Below Grd Total SqFt: 1101
Total SqFt: 2202
Total Finished Sqft: 2000.00
FireplaceYN: Yes
Style: (SF) Single Family
Foundation Size: 1101
Garage Stalls: 3
Lot Dimensions: 80 x 120
Acres: 0.22
Assessment Pending: No
Bath Three Quarters: 0
Bath Half: 0
Bath Quarter: 0
Association Fee: 0

Property Features

Accessible: None Air Conditioning: Central Air Amenities Unit: Cable; Ceiling Fan(s); Deck; Hardwood Floors; Kitchen Center Island; Kitchen Window; Main Floor Primary Bedroom; Paneled Doors; Patio; Primary Bedroom Walk-In Closet; Vaulted Ceiling(s); Walk-In Closet; Washer/Dryer Hookup Appliances: Dishwasher; Disposal; Freezer; Microwave; Range; Refrigerator Assumable Loan: Not Assumable Basement: Concrete Block; Full; Storage Space; Sump Pump Bath Description: Main Floor Full Bath; Full Basement Construction Materials: Block Construction Status: Previously Owned Dining Room Description: Breakfast Bar; Kitchen/Dining Room Electric: 100 Amp Service Existing Financing: Conventional Exterior: Vinyl Family Room Characteristics: 2 or More; Lower Level; Main Level Fencing: Wood Fireplace Characteristics: Gas Burning Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Laundry: Electric Dryer Hookup; In Basement; Washer Hookup Parking Characteristics: Garage Door Opener; Heated Garage; Insulated Garage; Storage Roof: Age Over 8 Years; Asphalt Shingles Sellers Terms: Cash; Conventional; FHA; VA Sewer: City Sewer/Connected Special Search: Main Floor Bedroom; Main Floor Primary Stories: One Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 349900
ListPrice: 349900
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 2040
Street Name: Greenwood
Street Suffix: Drive
Postal City: Owatonna
County: Steele
State: MN
Zip Code: 55060
Complex/Dev/Subdivision: Schultz # 2

Assessments

Assessment Balance: 64
Tax With Assessments: 4230

Building Information

Finished SqFt Above Ground: 1101
Finished SqFt Below Ground: 899

More Information

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

DP Resource: Yes
Homestead: Yes

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Square Feet: 757
Garage Door Opener: Yes
Heated Garage: Yes
Insulated Garage: Yes
Storage: Yes

Office/Member Info

Association: SPAAR

Location, Tax and Other Information

AssocFeeYN: No
Legal Description: BLK 2 LOT 18 SCHULTZ 2
Listing City: Owatonna
Map Page: 999
Municipality: Owatonna
School District: Owatonna
School District Phone: 507-444-8610
Zip Plus 4: 1369
Property ID Number: 172740218
Tax Year: 2026
Tax Amount: 4166
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Don't miss this incredible opportunity to own a beautifully maintained home in NE Owatonna. Qualified buyers may also be eligible for a 1-0 interest rate buydown through the preferred lender (buyer qualification and lender terms apply). This move-in-ready 3-bedroom, 2-bath home offers 2,000 finished square feet with an open-concept layout, vaulted ceilings, and a spacious kitchen that flows seamlessly into the dining and living areas. The finished lower level features a cozy family room with a gas fireplace—perfect for relaxing or entertaining. You'll love the heated 3-car garage, maintenance-free composite deck, and fully privacy-fenced backyard, creating the ideal space for entertaining, pets, or simply enjoying summer evenings. Located near parks, schools, walking trails, and convenient I-35 access, this home combines comfort, functionality, and an exceptional location. With the financing incentive, now is the perfect time toschedule your showing!
Directions: East on 26th St to St. Paul Rd south on St. Paul Rd to 20th St West on 20th St to Greenwood Dr North on Greenwood Dr to house.

Accessible

None: Yes

Air Conditioning

Central Air: Yes

Amenities Unit

Cable: Yes
Ceiling Fan(s): Yes
Deck: Yes
Hardwood Floors: Yes
Kitchen Center Island: Yes
Kitchen Window: Yes
Main Floor Primary Bedroom: Yes
Paneled Doors: Yes
Patio: Yes
Primary Bedroom Walk-In Closet: Yes
Vaulted Ceiling(s): Yes
Walk-In Closet: Yes
Washer/Dryer Hookup: Yes

Appliances

Dishwasher: Yes
Disposal: Yes
Freezer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes

Assumable Loan

Not Assumable: Yes

Basement

Concrete Block: Yes
Full: Yes
Storage Space: Yes
Sump Pump: Yes

Bath Description

Main Floor Full Bath: Yes
Full Basement: Yes

Construction Materials

Block: Yes

Construction Status

Previously Owned: Yes

Dining Room Description

Breakfast Bar: Yes
Kitchen/Dining Room: Yes

Electric

100 Amp Service: Yes

Existing Financing

Conventional: Yes

Exterior

Vinyl: Yes

Family Room Characteristics

2 or More: Yes
Lower Level: Yes
Main Level: Yes

Fencing

Wood: Yes

Fireplace Characteristics

Gas Burning: Yes

Foundation

Concrete Block: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Insurance Fee

Insurance Fee: 0

Laundry

Electric Dryer Hookup: Yes
In Basement: Yes
Washer Hookup: Yes

Patio, Porch and Deck Features

Composite Decking: Yes

Roof

Age Over 8 Years: Yes
Asphalt Shingles: Yes

Sellers Terms

Cash: Yes
Conventional: Yes
FHA: Yes
VA: Yes

Sewer

City Sewer/Connected: Yes

Special Search

Main Floor Bedroom: Yes
Main Floor Primary: Yes

Stories

One: Yes

Water

City Water/Connected: Yes

Room Information

Room Name	Dimensions	Level
Dining Room	8 x 12	Main
Family Room	24 x 20	Lower
First (1st) Bedroom	12 x 18	Main
Kitchen	9 x 12	Main
Living Room	12 x 16	Main
Second (2nd) Bedroom	9 x 10	Main
Third (3rd) Bedroom	11 x 18	Lower

Listing Office: Keller Williams Preferred Rlty

Last Updated: July - 24 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.