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3118 Salem Point Dr SW, Rochester, MN, 55902

$4,900,000

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

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

School Info

Assigned Schools Information:

  • Mayo Senior High School, Public District Grades 8-12
  • Friedell Middle School, Public District Grades 6-8
  • Lincoln K-8 Choice Elementary School, Public District Grades KG-8
  • Willow Creek Middle School, Public District Grades 6-8
  • Bamber Valley Elementary School, Public District Grades PK-5
  • Washington Elementary School, Public District Grades KG-5
  • Longfellow Choice Elementary School, Public District Grades PK-5

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

$314.3K

Med. Price/SqFt

$166

Avg. Days On Market

46

# of Sold Homes

120

3118 Salem Point Dr SW vs Rochester

36 DAYS ON ROCKET

-10 Days

$4,900,000

+$4.5M More

$453/SqFt

+$287 More

KEY TAKEAWAY

This property is $4.5M more than the Median Sold Price and $287/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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Last updated on: 4/27/2024, 5:22:16 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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.

Elementary School

school-card-donut-1464661
5
/10
  • Bamber Valley Elementary School

  • 2001 Bamber Valley Rd SW

  • 0.92 miles

  • Public District Grades PK-5

school-card-donut-1464662
6
/10
  • Washington Elementary School

  • 1200 11th Ave NW

  • 2.70 miles

  • Public District Grades KG-5

school-card-donut-1464663
6
/10
  • Longfellow Choice Elementary School

  • 1615 Marion Rd SE

  • 3.77 miles

  • Public District Grades PK-5

Middle School

school-card-donut-1464664
5
/10
  • Friedell Middle School

  • 1200 S Broadway

  • 2.40 miles

  • Public District Grades 6-8

school-card-donut-1464665
7
/10
  • Lincoln K-8 Choice Elementary School

  • 1122 8th Ave SE

  • 2.93 miles

  • Public District Grades KG-8

school-card-donut-1464666
1
/10
  • Willow Creek Middle School

  • 2425 11th Ave SE

  • 3.52 miles

  • Public District Grades 6-8

High School

school-card-donut-1464667
6
/10
  • Mayo Senior High School

  • 1420 11th Ave SE

  • 3.17 miles

  • Public District Grades 8-12

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. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

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 are the assigned schools for this property?

The assigned schools for 3118 Salem Point Dr SW are:
Bamber Valley Elementary School: GreatSchools Rating 5/10
Washington Elementary School: GreatSchools Rating 6/10
Longfellow Choice Elementary School: GreatSchools Rating 6/10
Friedell Middle School: GreatSchools Rating 5/10
Lincoln K-8 Choice Elementary School: GreatSchools Rating 7/10
Willow Creek Middle School: GreatSchools Rating 1/10
Mayo Senior High School: GreatSchools Rating 6/10

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 March 2024 more than 48 listings in Rochester, MN were sold above the asking price. During the same period more than 31 listings were sold at asking price, while more than 41 were sold below. In March 2024 in Rochester, MN there were 23.1% more homes for sale than in February 2024. While the average time on the market in March 2024 was 46 days, the median list price was $314,304.

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

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