This 3+ acre lot is located in a prime location, with established retail and housing nearby. The land is situated near 37th St NW, which sees 23,300 cars daily. The utilities to the site are already paid for, and the parking lot is complete. This land is ideal for commercial or mixed-use development, with proximity to existing retail and residential areas.
Property Details
Property Features
Listing Office:
Office Name: Realty Growth Inc.
Other
Directions Information:
Directions: Heading East on 37th St NE turn right on East River Road NE. Turn right on Penny Lane NE. You will find this property of the left.
Price Information
Listing Price Info
Price Summary:
List Price: $849,900
Tax Information:
Annual Amount: $19,979
Tax Year: 2020
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Housing Market Comparison
See how this home compares to others in Rochester, MN.
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Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$19,979
$659,700
2019
$20,918
$659,700
2017
$21,142
$659,700
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
9
/10
Byron Intermediate School
501 10th Ave NE
Distance between this listing and this school8.66 miles
Public District Grades 3-5
7
/10
Pine Island Elementary School
8749 County Road 5 NW
Distance between this listing and this school11.38 miles
Public District Grades PK-4
8
/10
Dover-Eyota Elementary School
27 Knowledge Rd SW
Distance between this listing and this school12.65 miles
Public District Grades PK-5
Nearby Schools
5
/10
Rochester Math and Science Academy
415 16th St SW
Distance between this listing and this school4.07 miles
Public Charter Grades KG-8
7
/10
Byron Middle School
601 4th St NW
Distance between this listing and this school9.94 miles
Public District Grades 6-8
6
/10
Plainview-Elgin-Millville 4-6
210 2nd St SW
Distance between this listing and this school11.11 miles
Public District Grades 4-6
Nearby Schools
6
/10
Century High School
2525 Viola Rd NE
Distance between this listing and this school1.82 miles
Public District Grades 9-12
5
/10
John Marshall High School
1510 14th St NW
Distance between this listing and this school2.06 miles
Public District Grades 9-12
2
/10
Rochester Beacon Academy
2521 Pennington Dr NW
Distance between this listing and this school2.17 miles
The neighbors living near this home have an average income of $41,656. Typical income of Rochester, MN residents is less than $35k annually. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Living In Rochester, MN
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What type of housing is available in Rochester, MN?
Rochester's housing market showcases a diverse array of options, with single-family homes being a significant presence, reflecting a mix of contemporary and traditional styles. The market also includes a variety of apartments and townhouses, accommodating a range of preferences and needs. The city's homeownership rate is robust, with a substantial portion of residents owning their homes, while the remainder are engaged in the rental market.
Is Rochester, MN a good place to live?
Rochester is celebrated for its welcoming community spirit and vibrant cultural scene. The city prides itself on hosting annual events that reflect its rich heritage and the values of its residents. These gatherings, alongside the city's green spaces and public areas, contribute to Rochester's unique character and the quality of life enjoyed by its inhabitants.
Are things conveniently located in Rochester, MN?
The community benefits from a solid educational system, with numerous public and private schools catering to all levels of education, from elementary to high school. Rochester is also home to several healthcare facilities, including a major hospital known for its comprehensive services. The city's public library network serves as a valuable resource for residents, and the variety of retail and dining options reflects the local culture and caters to a range of tastes and preferences.
What does the transportation in Rochester, MN look like?
Rochester's transport infrastructure includes a network of roads and highways that facilitate travel and commuting within the city and to neighboring areas. Public transit options are available, providing residents with alternatives to private vehicle use. The city is also mindful of walkability and bikeability, with certain areas being particularly friendly to pedestrians and cyclists. While ride-sharing services are present, they complement the existing transport options, enhancing mobility for residents and visitors alike.
Frequently Asked Questions About 280 Penny Ln NE
What is the listing price of this property?
The listing price of 280 Penny Ln NE property is $849,900.
What type of property is this?
The property 280 Penny Ln NE is land located in Rochester, Minnesota, 55906.
Is this property for sale now?
Active Listing: 280 Penny Ln NE is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $19,979 (source: MLS/based on county public records data).
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This home is located at 280 Penny Ln NE in Rochester, MN and zip code 55906. It has been listed on Rocket Homes since January 11, 2024 and is currently priced at $849,900.
While more than 43 listings in Rochester, MN in October 2024 were sold above asking price, there were more than 35 listings sold at asking price, and more than 68 were sold below. In October 2024 in Rochester, MN there were 0.2% more homes for sale than in September 2024. In October 2024, listings were on the market for 39 days. During the same period, the median list price in this real estate market was $325,000.
From Rocket Homes Real Estate and based on county public records data.
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