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4501 40th Street SW, Rochester, MN 55902

$7,300,000
Property Type: Land Lot Size (sq. ft.): 13,738,824 Status: Closed
Current Price: $7,300,000 List Date: 12/20/2022 Last Modified: 6/03/2025

Overview

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.

Listing Details MLS# 6318214

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

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

Contract Information

Off Market Date
2023-04-17
Contingency
None
Closed Date
2023-04-21
Original List Price
7885000
Sales Close Price
7300000
ListPrice
7885000
Owner is an Agent?
No
Auction?
No

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

Assessments

Tax With Assessments
18111
Assessment Balance
0

Builder Information

Builder Restrictions
Open

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
14
Section#
20
Township#
106

Office/Member Info

Association
SEMR
MLSID
RMLS

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.

Development Status

Site Plan Approved
Yes

Existing Financing

Conventional
Yes

Financing Terms

Conventional
Yes

Insurance Fee

Insurance Fee
0

Restriction/Covenants

None
Yes

Sellers Terms

Cash
Yes
Conventional
Yes

Topography

Rolling
Yes

Available Utilities

None Connected
Yes

Improvements

None
Yes

Land Inclusions

Abstract
Yes
Platted
Yes
Soil Test Available
Yes
Survey
Yes
Survey Stakes
Yes
Topographic Map
Yes
Listing Office: Re/Max Results
IDX
Last Updated: June - 03 - 2025
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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