10 months on rocket

503 8th Ave SW, Rochester, MN, 55902

$899,999

Home List Price

$10,000*

Closing Credit

4 Bedrooms
1 Full Bath, 1 Partial
3,124 SqFt
$288/SqFt
House
Schools Nearby

Location

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503 8th Ave SW, Rochester$899,999

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingAttached Garage, Detached
Attached Garage4 spaces
Year Built1910
HeatingHot Water
CoolingDuctless, Mini Split
BasementYes
FireplaceLiving Room
MLS #6372573
StatusActive

About 503 8th Ave SW

Very Charming, 2 story Neoclassical design home located in Historic Old SW. Walk to Folwell School, Mayo Clinic Campus & Downtown. Updated, Pre-inspected, neutral decor, move in condition. Beautiful, private, landscaped large lot with mature trees. Wrap-around large deck & summer house building above detached garage. 4 car garage (2 car attached & 2 car detached garage), wood floors, wood burning fireplace. Main floor has large living room, large formal dining room, office, foyer, half bath, eat-in kitchen, and large family room. Upper level has 4 bedrooms (large primary bedroom with private 3/4 bath) & 2 baths. Lower level has laundry, storage & utility areas.

Property Details

Property Features

Property Information:

  • Year Built: 1910
  • Living Area: 3,124 SqFt

Listing Office:

  • Office Name: Edina Realty, Inc.

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer, Water Softener
  • Basement: Yes
  • Fireplace: Living Room

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Garage Space: 4 spaces
  • Attached Garage: Yes
  • Parking: Attached Garage, Detached

Lot Features

Lot Information:

  • Lot: Some Trees

Utilities

Utilities Information:

  • Heating: Hot Water
  • Cooling: Ductless, Mini Split

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
  • Folwell 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: Hwy 52 to 6th St SW, then north on 8th Ave, home will be on your left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $899,999
  • Price Per SqFt: $288/SqFt

Tax Information:

  • Annual Amount: $8,176
  • 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

$314.3K

Med. Price/SqFt

$166

Avg. Days On Market

46

# of Sold Homes

120

503 8th Ave SW vs Rochester

311 DAYS ON ROCKET

+265 Days

$899,999

+$585.6K More

$288/SqFt

+$122 More

KEY TAKEAWAY

This property is $585.6K more than the Median Sold Price and $122/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: #6372573

Listing Office:

  • Office Name: Edina Realty, Inc.

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Last updated on: 4/27/2024, 9:22:15 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 17, 2018Home Sold
$720,000

Tax History

YEARPROP. TAXASSESSMENT
2020$8,176$577,100
2019$8,126$554,200
2017$7,516$457,800

History based on county public records data.

Payment Calculator

$4,559

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,765

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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-1139484
7
/10

  • Folwell Elementary School

  • 603 15th Ave SW

  • 0.53 miles

  • Public District Grades PK-5

school-card-donut-1139485
6
/10

  • Washington Elementary School

  • 1200 11th Ave NW

  • 1.17 miles

  • Public District Grades KG-5

school-card-donut-1139486
6
/10

  • Longfellow Choice Elementary School

  • 1615 Marion Rd SE

  • 2.39 miles

  • Public District Grades PK-5

Middle School

school-card-donut-1139487
5
/10

  • Friedell Middle School

  • 1200 S Broadway

  • 1.04 miles

  • Public District Grades 6-8

school-card-donut-1139488
7
/10

  • Lincoln K-8 Choice Elementary School

  • 1122 8th Ave SE

  • 1.34 miles

  • Public District Grades KG-8

school-card-donut-1139489
1
/10

  • Willow Creek Middle School

  • 2425 11th Ave SE

  • 2.66 miles

  • Public District Grades 6-8

High School

school-card-donut-1139490
6
/10

  • Mayo Senior High School

  • 1420 11th Ave SE

  • 1.75 miles

  • Public District Grades 8-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $45,234. The most common annual income of people living in Rochester, MN is between $35k-100k. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 503 8th Ave SW

What is the listing price of this property?

The listing price of 503 8th Ave SW property is $899,999.

What type of property is this?

The property 503 8th Ave SW is a house located in Rochester, Minnesota, 55902.

Is this property for sale now?

Active Listing: 503 8th Ave 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 503 8th Ave SW are:
Folwell Elementary School: GreatSchools Rating 7/10
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 $8,176 (source: MLS/based on county public records data).

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

The last sale was on January 17, 2018 for $720,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 503 8th Ave SW has 4 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 503 8th Ave SW is 3,124 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 503 8th Ave SW is 1910.

Rocket Homes›Minnesota›Olmsted County›Rochester›55902›503 8th Ave SW

This home is located at 503 8th Ave SW in Rochester, MN and zip code 55902 in the Historic Southwest neighborhood. This 3,124 square foot home was built in 1910. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since June 20, 2023 and is currently priced at $899,999.

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. The number of listings in Rochester, MN increased by 23.1% between February 2024 and March 2024. In March 2024, listings were on the market for 46 days. During the same period, the median list price in this real estate market was $314,304.

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

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