9 days on rocket

728 1st Ave SW Unit 501, Rochester, MN, 55902

$174,900

Home List Price

$2,077*

Closing Credit

2 Bedrooms
1 Full Bath
988 SqFt
$177/SqFt
Condo
Schools Nearby

Location

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728 1st Ave SW Unit 501, Rochester$174,900

Buyer Closing Credits

$2,077*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingCovered, Guest Parking
Year Built1979
HeatingForced Air
CoolingCentral Air
WaterfrontRiver Front
MLS #6521728
StatusActive

About 728 1st Ave SW Unit 501

Introducing a captivating top-floor condo near the heart of downtown that seamlessly blends modern comfort with natural beauty. This 2-bedroom property features brand new carpet, a fresh coat of paint throughout, and new faucets creating a clean and inviting atmosphere that is ready for you to move in and make it your own. The unit has its own laundry. The large living room has a wonderful view of downtown. It is a secure building equipped with an elevator for ease and accessibility. Out the back door of the building are walking and bike paths along the Zumbro River and downtown. One block away from the Peoples Food Co-op to the south and one block away from Soldiers Field Memorial, Park, and Golf Course to the north. Only two blocks from the Mayo clinic and the downtown skyway. Association fees of $275 per month covers water, sewer, snow removal, lawn care, trash removal, exterior insurance, and maintenance. Rentals are allowed. No pets.

Property Details

Property Features

Property Information:

  • Year Built: 1979
  • Living Area: 988 SqFt

Listing Office:

  • Office Name: RE/MAX Results

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Range, Refrigerator
  • Basement: No

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Waterfront: River Front

Parking Information:

  • Parking: Covered, Guest Parking

Virtual/3D Tour

  • 3D Tour: 728 1st Ave SW Unit 501

3D Tour

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

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: From South Broadway turn west on 6th Street SW, turn south on 1st Avenue SW and the building will be on the east side of the street before Soldier Field Park

Price Information

Listing Price Info

Price Summary:

  • List Price: $174,900
  • Price Per SqFt: $177/SqFt

HOA Fees:

  • Amount: $275
  • Frequency: Monthly
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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

728 1st Ave SW Unit 501 vs Rochester

9 DAYS ON ROCKET

-37 Days

$174,900

-$139.4K Less

$177/SqFt

+$11 More

KEY TAKEAWAY

This property is $139.4K less than the Median Sold Price and $11/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: #6521728

Listing Office:

  • Office Name: RE/MAX Results

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Last updated on: 4/28/2024, 2:22:16 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

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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-2338940
7
/10

  • Folwell Elementary School

  • 603 15th Ave SW

  • 1.08 miles

  • Public District Grades PK-5

school-card-donut-2338941
6
/10

  • Washington Elementary School

  • 1200 11th Ave NW

  • 1.53 miles

  • Public District Grades KG-5

school-card-donut-2338942
6
/10

  • Longfellow Choice Elementary School

  • 1615 Marion Rd SE

  • 1.83 miles

  • Public District Grades PK-5

Middle School

school-card-donut-2338943
5
/10

  • Friedell Middle School

  • 1200 S Broadway

  • 0.62 miles

  • Public District Grades 6-8

school-card-donut-2338944
7
/10

  • Lincoln K-8 Choice Elementary School

  • 1122 8th Ave SE

  • 0.77 miles

  • Public District Grades KG-8

school-card-donut-2338945
1
/10

  • Willow Creek Middle School

  • 2425 11th Ave SE

  • 2.20 miles

  • Public District Grades 6-8

High School

school-card-donut-2338946
6
/10

  • Mayo Senior High School

  • 1420 11th Ave SE

  • 1.20 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 $88,345. Typical income of Rochester, MN residents is between $35k-100k annually. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 728 1st Ave SW Unit 501

What is the listing price of this property?

The listing price of 728 1st Ave SW Unit 501 property is $174,900.

What type of property is this?

The property 728 1st Ave SW Unit 501 is a condo located in Rochester, Minnesota, 55902.

Is this property for sale now?

Active Listing: 728 1st Ave SW Unit 501 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 728 1st Ave SW Unit 501 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

How many bedrooms and bathrooms does this property have?

The property at 728 1st Ave SW Unit 501 has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 728 1st Ave SW Unit 501 is 988 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 728 1st Ave SW Unit 501 is 1979.

Rocket Homes›Minnesota›Olmsted County›Rochester›55902›728 1st Ave SW Unit 501

This home is located at 728 1st Ave SW Unit 501 in Rochester, MN and zip code 55902 in the Downtown neighborhood. This 988 square foot home was built in 1979. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since April 19, 2024 and is currently priced at $174,900.

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 inventory of homes for sale in Rochester, MN between February 2024 and March 2024 increased by 23.1%. In March 2024 median list price was $314,304 and the average listing age was 46 days.

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

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