4 years on rocket

3857 Mayo Ridge Ln SW, Rochester, MN, 55902

$205,000

Land

Location

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Property Highlights

Home TypeOther
MLS #5662408
StatusActive

About 3857 Mayo Ridge Ln SW

Brand new SW acreage lots available in Mayowood Estates! Acreage's vary from 2 - 6 acres & you can choose from heavily wooded, partially wooded, open w/ views, walk-outs, day windows, & flat lots perfect for an in-ground pool. 11 cul-de-sac lots conveniently located off Bamber Valley Rd. Take the new entrance on Mayowood Estates Dr SW to what is sure to be Rochester's most desirable SW acreage development. Easy commute to Hwy 52 & downtown amenities including Mayo Clinic campus. Choose your lot now & take your time designing your dream home! 24 lots in Phase 1 - don't wait!

Property Details

Property Features

Listing Office:

  • Office Name: RE/MAX Results

Other

Directions Information:

  • Directions: S on Bamber Valley Rd SW, west on Mayowood Estates Dr, right on Glenwood Road, right on Mayo Ridge Lane

Price Information

Listing Price Info

Price Summary:

  • List Price: $205,000

Tax Information:

  • Annual Amount: $248
  • 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

3857 Mayo Ridge Ln SW vs Rochester

1493 DAYS ON ROCKET

+1454 Days

$205,000

-$120K Less

KEY TAKEAWAY

This property is $120K less than the Median Sold Price in Rochester, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #5662408

Listing Office:

  • Office Name: RE/MAX Results

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Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$248$29,900

History based on county public records data.

Payment Calculator

$1,091

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$681

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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.

Nearby Schools

school-card-donut-699586
9
/10
  • Byron Intermediate School

  • 501 10th Ave NE

  • 6.62 miles

  • Public District Grades 3-5

school-card-donut-699587
7
/10
  • Bear Cave Intermediate School

  • 1021 10th St NW

  • 7.95 miles

  • Public District Grades 3-5

school-card-donut-699588
5
/10
  • Kasson-Mantorville Elementary School

  • 604 16th St NE

  • 11.84 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. The majority of Rochester, MN residents have income $200k+ annually. Residents typically live in married, no kids family. The most common level of education of people living 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 3857 Mayo Ridge Ln SW

What is the listing price of this property?

The listing price of 3857 Mayo Ridge Ln SW property is $205,000.

What type of property is this?

The property 3857 Mayo Ridge Ln SW is land located in Rochester, Minnesota, 55902.

Is this property for sale now?

Active Listing: 3857 Mayo Ridge Ln 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 $248 (source: MLS/based on county public records data).
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Rocket HomesMinnesotaOlmsted CountyRochester559023857 Mayo Ridge Ln SW

This home is located at 3857 Mayo Ridge Ln SW in Rochester, MN and zip code 55902. It has been listed on Rocket Homes since October 16, 2020 and is currently priced at $205,000.

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%. 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.

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