NOT LISTED FOR SALE

2504 Salem Rd SW Rochester, MN 55902

Estimated Value: $863,000 - $911,000

4 Beds
5 Baths
4,143 Sq Ft
$212/Sq Ft Est. Value

About This Home

This home is located at 2504 Salem Rd SW, Rochester, MN 55902 and is currently estimated at $877,213, approximately $211 per square foot. 2504 Salem Rd SW is a home located in Olmsted County with nearby schools including Bamber Valley Elementary School, John Adams Middle School, and Mayo Senior High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 18, 2020
Sold by
Leary James C and Leary Cathy A
Bought by
Clausen Karl D and Clausen Susan L
Current Estimated Value
$877,213

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,400
Outstanding Balance
$454,183
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$423,030

Purchase Details

Closed on
Oct 29, 2010
Sold by
Murphy Matthew R and Murphy Raechel M
Bought by
Leary James C and Leary Cathy A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
4.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 7, 2006
Sold by
Quinn Obrien Patricia A and Obrien William
Bought by
Murphy Matthew R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.48%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Clausen Karl D $662,000 Results Title
Leary James C $540,000 Burnet Title Rochester
Murphy Matthew R $550,000 Edina Realty Title
Clausen Karl Karl $662,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Clausen Karl D $510,400
Previous Owner Leary James C $320,000
Previous Owner Murphy Matthew R $417,000
Closed Clausen Karl Karl $510,400
Source: Public Records

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $11,578 $768,800 $160,000 $608,800
2023 $10,122 $750,100 $150,000 $600,100
2022 $7,780 $657,000 $150,000 $507,000
2021 $6,648 $554,000 $100,000 $454,000
2020 $6,778 $482,700 $100,000 $382,700
2019 $6,174 $472,000 $100,000 $372,000
2018 $5,477 $432,100 $60,000 $372,100
2017 $5,492 $382,200 $60,000 $322,200
2016 $5,898 $376,000 $59,500 $316,500
2015 $5,462 $395,200 $59,800 $335,400
2014 $5,366 $388,800 $59,700 $329,100
2012 -- $390,000 $59,694 $330,306
Source: Public Records

Map

Minnesota Olmsted County Rochester 55902

2504 Salem Rd SW, Rochester, MN

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