5 months on rocket

295 Salem Point Dr SW, Rochester, MN, 55902

$475,000

Home List Price

$5,641*

Closing Credit

3 Bedrooms
3 Full Baths
2,401 SqFt
$198/SqFt
Townhouse

Location

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295 Salem Point Dr SW, Rochester$475,000

Buyer Closing Credits

$5,641*

1.25% Loan Amount

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Property Highlights

Home TypeTownhouse
ParkingAttached Garage, Concrete, Garage Door Opener, Guest Parking
Attached Garage2 spaces
Year Built1999
HeatingForced Air, Fireplace(s)
CoolingCentral Air
WaterfrontWater Access
FireplaceGas
MLS #6558363
StatusActive

About 295 Salem Point Dr SW

Welcome to the lake, where every day is a Lake Day! This three-bedroom, three-bath townhome is located just steps from Bamber Lake, offering private lake access, scenic trails, and a maintenance-free lifestyle. The beautiful home features main-floor living with a large kitchen, dining area, a four-season sunroom with a patio, a living room with a fireplace, and a primary owner's suite. Needing extra space? An office, hobby room, or a place for your guests? You will appreciate the spacious rooms located on the upper level. Don't miss this rare opportunity - call today to schedule a tour!

Property Details

Property Features

Property Information:

  • Year Built: 1999
  • Living Area: 2,401 SqFt

Listing Office:

  • Office Name: RE/MAX Results

Interior Features

Interior Information:

  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Washer, Water Softener
  • Basement: No
  • Fireplace: Gas

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Waterfront: Water Access

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Attached Garage, Concrete, Garage Door Opener, Guest Parking

Lot Features

Lot Information:

  • Lot: Irregular Lot, Few Trees

Utilities

Utilities Information:

  • Heating: Forced Air, Fireplace(s)
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Take Salem Rd West to Salem Point Dr. The house is on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $475,000
  • Price Per SqFt: $198/SqFt

HOA Fees:

  • Amount: $154
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $4,802
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Rochester, MN.

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Rochester, MN

City

Med. Sold Price

$325K

Med. Price/SqFt

$172

Avg. Days On Market

38

# of Sold Homes

106

295 Salem Point Dr SW vs Rochester

155 DAYS ON ROCKET

+117 Days

$475,000

+$150K More

$198/SqFt

+$25 More

KEY TAKEAWAY

This property is $150K more than the Median Sold Price and $25/SqFt more than other homes in Rochester, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6558363

Listing Office:

  • Office Name: RE/MAX Results

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Last updated on: 12/22/2024, 8:22:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$4,802$353,200
2019$4,696$333,200
2017$2,272$302,500

History based on county public records data.

Payment Calculator

$2,592

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,491

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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.

Nearby Schools

school-card-donut-924232
9
/10

  • Byron Intermediate School

  • 501 10th Ave NE

  • 6.66 miles

  • Public District Grades 3-5

school-card-donut-924233
7
/10

  • Bear Cave Intermediate School

  • 1021 10th St NW

  • 9.49 miles

  • Public District Grades 3-5

school-card-donut-924234
5
/10

  • Kasson-Mantorville Elementary School

  • 604 16th St NE

  • 12.16 miles

  • Public District Grades PK-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $178,972. Typical income of Rochester, MN residents is $200k+ annually. Typical family type is married, 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 295 Salem Point Dr SW

What is the listing price of this property?

The listing price of 295 Salem Point Dr SW property is $475,000.

What type of property is this?

The property 295 Salem Point Dr SW is a townhouse located in Rochester, Minnesota, 55902.

Is this property for sale now?

Active Listing: 295 Salem Point Dr SW 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 $4,802 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 295 Salem Point Dr SW has 3 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 295 Salem Point Dr SW is 2,401 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 295 Salem Point Dr SW is 1999.

Rocket Homes›Minnesota›Olmsted County›Rochester›55902›295 Salem Point Dr SW

This home is located at 295 Salem Point Dr SW in Rochester, MN and zip code 55902. This 2,401 square foot home was built in 1999. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since July 19, 2024 and is currently priced at $475,000.

While more than 26 listings in Rochester, MN in November 2024 were sold above asking price, there were more than 32 listings sold at asking price, and more than 48 were sold below. Between October 2024 and November 2024, Rochester, MN real estate market has seen decrease in the number of listings by 7.9%. In November 2024, listings were on the market for 38 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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