4 months on rocket

440 Water St N, Northfield, MN, 55057

$599,000

Land

Location

Image provided by Mapbox

Property Highlights

Home TypeOther
WaterfrontCreek/Stream
MLS #6557783
StatusActive

About 440 Water St N

Prime Development Land in Northfield, MN Discover a unique investment opportunity with this approximately 5-acre parcel, ideal for multifamily development in Northfield, MN. Perfectly positioned close to schools, shopping, dining, and major highways, this property offers convenience and growth potential. - **Location:** Centrally located with easy access to amenities. - **Zoning:** N2-B – Neighborhood General - Ready for multifamily development. - **Utilities:** Water, sewer, electricity, and gas available at the site. New connections to water & sewer will need to be installed. - **Topography:** On high-ground - **Attractions:** Near St. Olaf and Carleton Colleges, downtown Northfield, and scenic parks. #### Development Potential: With a growing demand for quality housing, this land is perfect for apartments, townhomes, or condos. Northfield's thriving community, strong economy, and beautiful surroundings make this an ideal investment.

Property Details

Property Features

Listing Office:

  • Office Name: Revival Commercial Real Estate

Exterior Features

Exterior Information:

  • Waterfront: Creek/Stream

School Info

Assigned Schools Information:

  • Northfield High School, Public District Grades 9-12
  • Northfield Middle School, Public District Grades 6-8
  • Sibley Elementary, Public District Grades KG-5

Other

Directions Information:

  • Directions: From Hwy 3 go North and turn on East on Water Street.

Price Information

Listing Price Info

Price Summary:

  • List Price: $599,000

Tax Information:

  • Annual Amount: $3,432
  • Tax Year: 2021
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Housing Market Comparison

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

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Northfield, MN

City

Med. Sold Price

$377K

Med. Price/SqFt

$171

Avg. Days On Market

27

# of Sold Homes

19

440 Water St N vs Northfield

137 DAYS ON ROCKET

+110 Days

$599,000

+$222K More

KEY TAKEAWAY

This property is $222K more than the Median Sold Price in Northfield, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6557783

Listing Office:

  • Office Name: Revival Commercial Real Estate

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Property Sales & Tax

Listing History

Mar 04, 2021Home Sold
$265,000

Tax History

YEARPROP. TAXASSESSMENT
2021$3,432$275,400
2019$3,306$213,400
2018$3,308$210,600
2017$3,172$199,000

History based on county public records data.

Payment Calculator

$3,057

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,862

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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.

Elementary School

school-card-donut-2191099
7
/10

  • Sibley Elementary

  • 1400 Maple St

  • 1.41 miles

  • Public District Grades KG-5

Middle School

school-card-donut-2191100
6
/10

  • Northfield Middle School

  • 2200 Division St S

  • 2.05 miles

  • Public District Grades 6-8

High School

school-card-donut-2191101
7
/10

  • Northfield High School

  • 1400 Division St S

  • 1.43 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $32,333. Typical income of Northfield, MN residents is less than $35k annually. Most families are single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 440 Water St N

What is the listing price of this property?

The listing price of 440 Water St N property is $599,000.

What type of property is this?

The property 440 Water St N is land located in Northfield, Minnesota, 55057.

Is this property for sale now?

Active Listing: 440 Water St N is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 440 Water St N are:
Sibley Elementary: GreatSchools Rating 7/10
Northfield Middle School: GreatSchools Rating 6/10
Northfield High School: GreatSchools Rating 7/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $3,432 (source: MLS/based on county public records data).

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

The last sale was on March 4, 2021 for $265,000. (source: MLS/tax record).
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Rocket Homes›Minnesota›Rice County›Northfield›55057›440 Water St N

This home is located at 440 Water St N in Northfield, MN and zip code 55057. It has been listed on Rocket Homes since June 21, 2024 and is currently priced at $599,000.

Over 6 listings were sold over their listed price in October 2024 in Northfield, MN. In the same period over 9 listings were sold below the listed price and 4 listings were sold for the listed price. The number of listings in Northfield, MN increased by 21.3% between September 2024 and October 2024. In October 2024 median list price was $377,000 and the average listing age was 27 days.

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

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