$7,300,000
4501 40th Street SW
Rochester, MN 55902
MLS# 6318214
Status: Closed



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Property Description
This extremely desirable 315.4+/- acre property is ready to be developed with gorgeous large lot homesites. This property has preliminary GDP approval and is ready to begin site improvements. This property offer beautiful large wooded areas full of Royal Oak trees and a creek. When developed this property will offer some of the most desirable large lot home sites in the Rochester area. Only minutes from schools, shopping and downtown Rochester, you don't want to miss this great opportunity.

Details
Maps
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Closed
Off Market Date: 2023-04-17
Contingency: None
Current Price: $7,300,000
Closed Date: 2023-04-21
Original List Price: 7885000
Sales Close Price: 7300000
ListPrice: 7885000
List Date: 2022-12-19
Office/Member Info
Association: SEMR
MLSID: RMLS
General Property Information
Comp Sale YN: No
Development: No
Drainage: Natural Type
Lot Measurement: Acres
Multiple PIDs?: No
Plat Recorded: No
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Lot Dimensions: 2612x5199x2615x5267
Acres: 315.4
Association Fee: 0
Location, Tax and Other Information
AssocFeeYN: No
Elementary School: Bamber Valley
High School: Mayo
Listing City: Rochester
Map Page: 999
Middle School: Willow Creek
Municipality: Rochester Twp
Rental License?: No
School District: Rochester
School District Phone: 507-328-3000
Zip Plus 4: 1267
Property ID Number: 642034041898
Tax Year: 2022
Tax Amount: 18111
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: This extremely desirable 315.4+/- acre property is ready to be developed with gorgeous large lot homesites. This property has preliminary GDP approval and is ready to begin site improvements. This property offer beautiful large wooded areas full of Royal Oak trees and a creek. When developed this property will offer some of the most desirable large lot home sites in the Rochester area. Only minutes from schools, shopping and downtown Rochester, you don't want to miss this great opportunity.
Directions: Bamber Valley Road SW South to 40th St SW turn West.
Assessments
Assessment Balance: 0
Tax With Assessments: 18111
Builder Information
Builder Restrictions: Open
Development Status
Site Plan Approved: 1
Existing Financing
Conventional: 1
Financing Terms
Conventional: 1
Insurance Fee
Insurance Fee: 0
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 14
Section#: 20
Township#: 106
Restriction/Covenants
None: 1
Sellers Terms
Cash: 1
Conventional: 1
Topography
Rolling: 1
Available Utilities
None Connected: 1
Improvements
None: 1
Land Inclusions
Abstract: 1
Platted: 1
Soil Test Available: 1
Survey: 1
Survey Stakes: 1
Topographic Map: 1
Location Tax and Other Information
House Number: 4501
Street Name: 40th
Street Suffix: Street
Street Direction Suffix: SW
Postal City: Rochester
County: Olmsted
State: MN
Zip Code: 55902
Property Features
Available Utilities: None Connected
Development Status: Site Plan Approved
Existing Financing: Conventional
Financing Terms: Conventional
Improvements: None
Land Inclusions: Abstract; Platted; Soil Test Available; Survey; Survey Stakes; Topographic Map
Sellers Terms: Cash; Conventional
Topography: Rolling

IDX
Listing Office: Re/Max Results

Last Updated: June - 03 - 2025

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