8 months on rocket

3118 Salem Point Dr SW, Rochester, MN, 55902

$4,900,000

4 Bedrooms
3 Full Baths, 2 Partial
10,807 SqFt
$453/SqFt
House

Location

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Property Highlights

Home TypeSingle Family Residence
ParkingConcrete, Floor Drain, Garage Door Opener, Heated Garage, Insulated Garage, Tuckunder Garage
Garage3 spaces
Year Built2004
HeatingForced Air, Radiant Floor
CoolingCentral Air, Zoned
BasementYes
WaterfrontLake Front
FireplaceAmusement Room, Family Room, Gas, Living Room, Primary Bedroom, Other
ViewBay
MLS #6508201
StatusActive

About 3118 Salem Point Dr SW

Exquisite doesn't begin to describe this amazing custom designed and build home with over $6.5 million spent at time of build. The detail and craftsmanship throughout this home will delight you as you walk through this amazing lakefront home. You will enjoy all the fabulous finishes and unique amenities thom offers: large 2 story entry, coffered, lighted and beamed ceilings, gourmet main kitchen, plus a complete impressive butlers area with full 2nd kitchen, pantry, laundry with office area. The large formal living room with built-ins, fireplace and ample size for a grand piano. The great room with 2 story ceiling and windows. Entertain in the amazing lower level with if full wet bar including all appliances, game room, theater room, large family room, workout room, plus an outstanding office of your dreams that could be the 4th bedroom. The outside won’t disappoint with the front fountains, heater driveway, large deck and large patios with amazing views of Bamber Lake.

Property Details

Property Features

Property Information:

  • Year Built: 2004
  • Living Area: 10,807 SqFt

Listing Office:

  • Office Name: RE/MAX Results

Interior Features

Interior Information:

  • Appliances: Cooktop, Dishwasher, Disposal, Double Oven, Dryer, Exhaust Fan, Freezer, Humidifier, Gas Water Heater, Water Filtration System, Microwave, Range, Refrigerator, Trash Compactor, Washer, Water Softener
  • Basement: Yes
  • Fireplace: Amusement Room, Family Room, Gas, Living Room, Primary Bedroom, Other

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Waterfront: Lake Front
  • View: Bay

Parking Information:

  • Garage Space: 3 spaces
  • Parking: Concrete, Floor Drain, Garage Door Opener, Heated Garage, Insulated Garage, Tuckunder Garage

Lot Features

Lot Information:

  • Lot: Accessible Shoreline, Underground Utilities

Utilities

Utilities Information:

  • Heating: Forced Air, Radiant Floor
  • Cooling: Central Air, Zoned

Other

Directions Information:

  • Directions: West Salem Road to Salem Point Dr SW, west to home.

Price Information

Listing Price Info

Price Summary:

  • List Price: $4,900,000
  • Price Per SqFt: $453/SqFt

HOA Fees:

  • Amount: $1740
  • Frequency: Annually

Tax Information:

  • Annual Amount: $33,160
  • Tax Year: 2020
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Housing Market Comparison

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

Med. Sold Price

$325K

Med. Price/SqFt

$172

Avg. Days On Market

39

# of Sold Homes

146

3118 Salem Point Dr SW vs Rochester

244 DAYS ON ROCKET

+205 Days

$4,900,000

+$4.5M More

$453/SqFt

+$281 More

KEY TAKEAWAY

This property is $4.5M more than the Median Sold Price and $281/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: #6508201

Listing Office:

  • Office Name: RE/MAX Results

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Property Sales & Tax

Listing History

Jul 26, 2017Home Sold
$1,980,000

Tax History

YEARPROP. TAXASSESSMENT
2020$33,160$2,072,600
2019$33,844$2,029,300
2017$35,970$2,091,100

History based on county public records data.

Payment Calculator

$24.6K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$14.7K

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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-490995
9
/10
  • Byron Intermediate School

  • 501 10th Ave NE

  • 6.31 miles

  • Public District Grades 3-5

school-card-donut-490996
7
/10
  • Bear Cave Intermediate School

  • 1021 10th St NW

  • 9.57 miles

  • Public District Grades 3-5

school-card-donut-490997
5
/10
  • Kasson-Mantorville Elementary School

  • 604 16th St NE

  • 11.81 miles

  • Public District Grades PK-4

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. Most families are married, 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

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 3118 Salem Point Dr SW

What is the listing price of this property?

The listing price of 3118 Salem Point Dr SW property is $4,900,000.

What type of property is this?

The property 3118 Salem Point Dr SW is a house located in Rochester, Minnesota, 55902.

Is this property for sale now?

Active Listing: 3118 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 $33,160 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on July 26, 2017 for $1,980,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 3118 Salem Point Dr SW has 4 bedrooms and 3 full and 2 half bathrooms.

What is the square footage of this property?

The property 3118 Salem Point Dr SW is 10,807 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 3118 Salem Point Dr SW is 2004.
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Rocket Homes›Minnesota›Olmsted County›Rochester›55902›3118 Salem Point Dr SW

This home is located at 3118 Salem Point Dr SW in Rochester, MN and zip code 55902. This 10,807 square foot home was built in 2004. Features: 4 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since March 22, 2024 and is currently priced at $4,900,000.

In October 2024, from all listings sold in Rochester, MN there were more than 43 sold above asking price, over 68 sold below and more than 35 were sold right at the asked price. Between September 2024 and October 2024, Rochester, MN real estate market has seen increase in the number of listings by 0.2%. The median list price of listings available in October 2024 was $325,000, while the average time on the real estate market was 39 days.

From Rocket Homes Real Estate and based on county public records data.

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