1961 single family home for sale at 115 1st Street in Shelly, MN — 3 bed, 2 bath (photo 1 of 34)

115 1st Street, Shelly, MN 56581

3 Beds | 2 Baths | 2,084 Sq Ft | Single Family Home | MLS# 7132607

$163,500

Is 115 1st Street a Good Deal?

BuyPulse Verdict

Excellent Value

At $78/sqft — This home is priced 27% below the Shelly median of $108/sqft.

Powered by the Realgorithm™ — 2 active Shelly listings · NorthstarMLS

$1,045/month Estimated

Principal & interest
$827
Property taxes
$109
Home insurance (est.)
$95
Special assessments
$14
HOA dues
None

20% down ($32,700) · 30-yr fixed, 6.5% · Can I afford this home?

Includes special assessments — the FM-metro cost most portals leave out. Estimates only; confirm before you offer.

Shelly, MN Active

Deciding Week · Day 6 of 7

Day count from the MLS listing date · cohort stats from the last 90 days · NorthstarMLS

Located in Mauritsons 1st Add, Shelly, MN.

About This Home

Enjoy small-town living in this quiet rural community! This spacious 3-bedroom, 2-bathroom home offers over 2,000 sq. ft., with all three bedrooms conveniently located on the main floor. A newer roof adds peace of mind, while two decks provide great spaces to relax and entertain. Plus, you'll find two detached double garages offering plenty of parking and storage. A great opportunity to enjoy peaceful living with room to spread out! Schedule your showing TODAY!

Key Features

Property Type
Single Family
Year Built
1961
Above Grade
1,042 sq ft
Below Grade
1,042 sq ft
Garage
4-car (Detached Garage)
Heating
Forced Air
Cooling
Central Air
Basement
Finished
Sewer
City Sewer - In Street
Water
City Water - In Street
Annual Taxes
$1,303
Special Assessments
$165
County
Norman
Days on Market
4

115 1st Street is listed in Shelly, MN, part of Norman County. Browse all Minnesota homes for sale on Modern Market REALTORS®.

Showing — 115 1st Street

Shannon Barnum

Associate Broker · Modern Market REALTORS®

Your Shelly real estate expert since 2012 — I represent you, not the seller. Quick to respond, easy to text.

Listed by KW Inspire Realty Keller Williams (Grand Forks) · Shown by Modern Market REALTORS®

Schedule a Home Tour View Full Listing & Photos

MLS# 7132607 · Data refreshed August 25, 2026

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Frequently Asked Questions About 115 1st Street

Is $163,500 a good price for a home in Shelly?
According to BuyPulse, 115 1st Street rates Excellent Value — at $78/sqft it's priced 27% below the Shelly median of $108/sqft. Powered by the Realgorithm™. Browse Shelly homes for sale to compare.
What are the special assessments at 115 1st Street — and what do they mean?
This property has $165/yr in annual special assessments, with no specials pending. Special assessments are separate from property taxes — they are charges levied by the city for infrastructure improvements like streets, water, sewer, and sidewalks. Annual property taxes are $1,303/yr. Always factor both into your total monthly housing cost before making an offer.
Does 115 1st Street have a basement?
Yes, 115 1st Street has a finished basement with 1,042 sq ft of below-grade space.
What type of heating and cooling does 115 1st Street have?
115 1st Street has Forced Air heating and Central Air cooling.
Where is 115 1st Street located?
115 1st Street is in the Mauritsons neighborhood of Shelly, MN 56581, in Norman County.
Is 115 1st Street still available?
Yes — 115 1st Street is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
When was 115 1st Street built?
115 1st Street was built in 1961. It features a poured concrete foundation.
How walkable is 115 1st Street?
115 1st Street has a Walk Score of 3/100 (Car-Dependent) and a Bike Score of 38/100 (Minimal Bike Infrastructure). Scores provided by Walk Score® →

Local Companies to Help You Settle In

From inspection to closing to moving day, here are well-known local companies serving the Shelly area.