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.
School Info
Assigned Schools Information:
Century Senior High School, Public District Grades 8-12
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
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Rochester, MN.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some or all of the property listings above may have been submitted to the Regional Multiple Listing Service (RMLS) by the listing broker for distribution to cooperating brokers through Broker reciprocity. Attribution of the listing broker may be found on the detail page for all properties. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. No part of this search utility may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise. Home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation.
DMCA Notice Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/5/2024, 6:22:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$4,309
Per Month
Principal & Interest
$4,242
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$2,615
Powered By
Advertisement
NMLS#3030
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.
High School
7
/10
Century Senior High School
2525 Viola Rd NE
Distance between this listing and this school1.81 miles
Public District Grades 8-12
Nearby Schools
9
/10
Byron Elementary School
501 10th Ave NE
Distance between this listing and this school8.66 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
7
/10
Pine Island Elementary School
223 1st Ave SE
Distance between this listing and this school13.41 miles
Public District Grades PK-4
Nearby Schools
5
/10
Rochester Math and Science Academy
415 16th St SW
Distance between this listing and this school4.06 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 5-8
6
/10
Plainview-Elgin-Millville 4-6
210 2nd St SW
Distance between this listing and this school11.09 miles
Public District Grades 4-6
Assigned Schools
7
/10
Century Senior High School
2525 Viola Rd NE
Distance between this listing and this school1.81 miles
Public District Grades 8-12
Nearby Schools
5
/10
John Marshall Senior High School
1510 14th St NW
Distance between this listing and this school2.07 miles
Public District Grades 8-12
1
/10
Rochester Off-Campus Charter High School
2364 Valleyhigh Dr NW
Distance between this listing and this school2.37 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. Typical family type is single, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Living In Rochester, MN
Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.
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 are the assigned schools for this property?
The assigned schools for 280 Penny Ln NE are: Century Senior High School: GreatSchools Rating 7/10
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).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
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. Between September 2024 and October 2024, Rochester, MN real estate market has seen increase in the number of listings by 0.2%. While the average time on the market in October 2024 was 39 days, the median list price was $325,000.
From Rocket Homes Real Estate and based on county public records data.
Soccer
Soccer
Pro Boxing
Hiking/backpacking
Forever 21
Burlington
Nordstrom Rack
Dominos Pizza
Popeyes
Chipotle
Mazda
Dodge
Pontiac
Rhythmic Contemporary Hits
Urban Contemporary
Rock