NOT LISTED FOR SALE

2524 Salem Rd SW Rochester, MN 55902

Estimated Value: $739,000 - $762,686

5 Beds
2.5 Baths
2,390 Sq Ft
$316/Sq Ft Est. Value

Last Sold June 20, 2023

Last sale price $705,000 $295 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $4,859/month

Highlights

  • Beach Access
  • Lake View
  • Den
  • Mayo Senior High School Rated A-
  • Mud Room
  • 3 Car Attached Garage

About This Home

As of June 2023

Nestled on the peaceful and private Bamber Lake, this magnificent 5-bedroom, 3-bathroom home boasts over 2300 square feet of luxurious living space. Four bedrooms on the upper level are complimented by a lovely master suite with soaking tub and massive walk in shower, topped off with practical 2nd floor laundry. With an oversized 3-stall garage, this home is perfect for those who love their toys and have lots of gear. Enjoy the tranquil lake views, year round fishing with it being stocked with walleye, while being just minutes away from the heart of downtown. You can walk right out the front door to the professionally landscaped butterfly garden, access to the Rochester trail system and the quiet Mayowood trails through the woods are just a few minutes walk or bike ride away! This stunning property is the perfect mix of tranquility and convenience, making it an ideal place to call home.

Last Agent to Sell the Property

Karl Rogers

Dwell Realty Group LLC Listed on: 05/03/2023

Last Buyer's Agent

Matt Ulland

Re/Max Results

Re/Max Results

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,536

Year Built

  • Built in 2014

Lot Details

  • 0.33 Acre Lot
  • Split Rail Fence
  • Irregular Lot

HOA Fees

  • $64 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Interior Spaces

  • 2,390 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Mud Room
  • Entrance Foyer
  • Family Room with Fireplace
  • Living Room
  • Dining Room
  • Den
  • Lake Views

Kitchen

  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Basement

  • Drain
  • Block Basement Construction
  • Crawl Space

Outdoor Features

  • Beach Access

Utilities

  • Forced Air Heating and Cooling System
  • 200+ Amp Service
  • Water Softener is Owned
  • Cable TV Available

Community Details

  • Association fees include shared amenities
  • Salem Sound Association, Phone Number (507) 884-6678
  • Salem Sound Subdivision

Listing and Financial Details

  • Assessor Parcel Number 640941020709

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,536

Year Built

Built in 2014

Lot Details

0

HOA Fees

$64 per month

Parking

3

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 3
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: City Water/Connected
  • Fee Frequency: Annually
  • Year Built: 2014
  • Above Grade Finished Sq Ft: 2390
  • Water Body Name: Bamber
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: Cable
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Block, Crawl Space, Drain Tiled
  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Wall Oven, Washer, Water Softener Owned
  • Fireplace Features: Family Room, Gas
  • Living Area: 2390
  • Fireplace: Yes
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Den, Foyer, Laundry, Mud Room

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 5

Exterior Features

  • Roof: Asphalt
  • Fencing: Split Rail
  • ConstructionMaterialsDesc: Block,Concrete
  • PatioPorchType: Deck,Front Porch,Porch
  • LakeChain: N

Garage/Parking

  • Parking Features: Attached Garage, Concrete, Garage Door Opener

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers, 200+ Amp Service
  • Fuel: Natural Gas
  • Power Company: Rochester Public Utilities

Condo/Co-op/Association

  • HOA Fee Includes: Other, Shared Amenities
  • Phone: 507-884-6678
  • Association Fee: 770
  • Association: Yes
  • Amenities Unit: Ceiling Fan(s),Deck,Hardwood Floors,Kitchen Center Island,Primary Bedroom Walk-In Closet,Tile Floors,Vaulted Ceiling(s),Washer/Dryer Hookup,Walk-In Closet

Association/Amenities

  • HOA Management Co: Salem Sound

Schools

  • Junior High Dist: Rochester
  • SchoolDistrictPhone: 507-328-3000

Lot Info

  • Waterfront YN: No
  • PropertyAttachedYN: No
  • Lot Size: 112*130
  • Lot Size Sq Ft: 14418.36
  • Land Lease: No
  • Lot Features: Accessible Shoreline, Irregular Lot
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Fiber Cement

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 640941020709
  • Tax Annual Amount: 6536
  • TaxWithAssessments: 6536.0000

Multi Family

  • WaterfrontFeatures: Dock, Lake View

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 24, 2016
Sold by
Lee Sangil and Yuki Kumi
Bought by
Monson Jobe Kristine E and Jobe Matthew
Current Estimated Value
$754,672

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
Outstanding Balance
$331,994
Interest Rate
3.58%
Mortgage Type
New Conventional
Estimated Equity
$422,678

Purchase Details

Closed on
Jun 17, 2015
Sold by
Decook Builders Llc
Bought by
Lee Sangil and Yuki Kumi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,415
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 1, 2011
Closed on
Aug 16, 2012
Sold by
Olmsted National Bank
Bought by
Decook Builders Llc
Buyer's Agent
Adam DeCook
Edina Realty Rochester
List Price
$89,900
Sold Price
$70,000
Premium/Discount to List
-$19,900
-22.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.84%
Original Mortgage
$321,760
Interest Rate
3.48%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 25, 2011
Sold by
Stroebel Kirk
Bought by
Olmsted National Bank
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.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

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.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

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.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

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.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Monson Jobe Kristine E $450,000 Home Title Inc
Lee Sangil $429,900 Rochester Title & Escrow Co
Decook Builders Llc $70,000 Rochester Title & Escrow Co
Olmsted National Bank -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Monson Jobe Kristine E $417,000
Previous Owner Lee Sangil $365,415
Previous Owner Decook Builders Llc $321,760
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/20/2023 06/20/23 Sold $705,000 +4.4% $295 / Sq Ft
05/05/2023 05/05/23 Pending -- -- --
05/05/2023 05/05/23 For Sale $675,000 +864.3% $282 / Sq Ft
09/07/2012 09/07/12 Sold $70,000 -22.1% $26 / Sq Ft View Prior Sale
07/03/2012 07/03/12 Pending -- -- --
08/01/2011 08/01/11 For Sale $89,900 -- $33 / Sq Ft
Source: NorthstarMLS

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 $9,898 $669,000 $150,000 $519,000
2023 $8,280 $629,700 $150,000 $479,700
2022 $6,536 $551,100 $150,000 $401,100
2021 $7,132 $475,100 $100,000 $375,100
2020 $6,284 $437,600 $100,000 $337,600
2019 $6,182 $437,600 $100,000 $337,600
2018 $6,151 $432,600 $60,000 $372,600
2017 $6,168 $426,500 $60,000 $366,500
2016 $6,460 $422,900 $60,000 $362,900
2015 $781 $433,000 $60,000 $373,000
2014 $1,022 $65,000 $60,000 $5,000
2012 -- $60,000 $60,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: NorthstarMLS

MLS Number: 6357258

NorthstarMLS

APN: 64.09.41.020709