Rochester, MN Real Estate News

By inboundREM Market Updates
(InboundREM)
Historic Southwest Neighborhood SpotlightThe Historic Southwest neighborhood, as the name implies, is a well-established historic district rich in stories and well-known for its beautifully built estate-style residences. The neighborhood was established in 1863 when most of the lots were purchased, and initial homes were built in the community. As the area developed and the Mayo Clinic was constructed, additional homes were developed to support the growing demand, with growth ramping up between 1912 to 1914. In this post, we'll offer an in-depth review of the top highlights that make up why the Historic Southwest neighborhood is kept in high regard for buyers looking at a new home in the city.Check out our original blog post at https://www.domaillerealestate.com/.Historic CommunityAs a ...
Comments 0
By inboundREM Market Updates
(InboundREM)
Real Estate Tax In RochesterReal Estate ad-valorem taxes or property taxes are obtained from the property value inclusive of the land. This tax is different in every state and also within the state itself. Although the regular procedure of evaluating your property value and the method of calculating your property tax based on the recent real estate tax rate is the same across the state, the measure of collecting real estate taxes differs. The standard Real Estate Tax rates in the state of Minnesota are almost similar to the national average of 1.08%. In Olmsted County where Rochester is particularly located, the standard effective real estate tax rate is higher at 1.20%.Check out our original neighborhood post at https://www.domaillerealestate.com/.How Taxes are ComputedYour Real Estate...
Comments 0
By inboundREM Market Updates
(InboundREM)
How to Effectively Clean and Disinfect Your Rochester HomeCorona VirusThe Corona Virus Pandemic has drastically changed how we live our lives, and it's essential to understand the new normal to help protect yourself and your family from this deadly virus. The Covid-19 virus is an envelope-type virus with a fatty sphere-like membrane that covers and protects the human cell-damaging RNA. The virus transfers from person to person through air droplets. It can also be transferred from touching surfaces with the virus and touching your nose or mouth with your hands and other items. The best way to stop the transfer of the virus is by disrupting its transmission or killing the virus.Check out our original neighborhood post at https://www.domaillerealestate.com/.Washing Your Hands and Social Di...
Comments 1
By inboundREM Market Updates
(InboundREM)
Scenic Oaks, Rochester, MN Neighborhood Information and Market ReportThe Scenic Oaks NeighborhoodScenic Oaks is a premier luxury subdivision on the southwestern edge of the city of Rochester, MN. Like most other communities in this part of the city, Scenic Oaks provides an escape from the busy city streets of the region located a reasonable distance away from the downtown area. Residents enjoy a fantastic collection of outdoor amenities, and the streets come with paved walkways that are perfect for a morning walk during a sunny day.Homes in Scenic Oaks is a collection of luxury single-family homes that come in three to five-bedroom models. These residences feature a classic suburban design with various exterior layouts, including stone, hardwood, stucco, brick, and more. Inside these ho...
Comments 0
By inboundREM Market Updates
(InboundREM)
Century Hills, Rochester, MN Neighborhood Information and Market ReportThe Century Hills NeighborhoodCentury Hills is a beautiful suburban neighborhood on the eastern end of the city of Rochester, MN. The quiet luxury subdivision offers a relaxed living environment with homes featuring spacious lots and green spaces, occupying a good portion of the development. Homes in this community range between four to five-bedroom models with spacious open floor layouts providing comfortable living spaces that buyers will surely appreciate. Each house comes with an attached garage and private driveway with ample space for multiple vehicles. The neighborhood is an excellent option for large families looking to purchase their dream home a short drive away from the city center.Check out our original n...
Comments 0
By inboundREM Market Updates
(InboundREM)
Country Club Manor, Rochester, MN Neighborhood Information and Market ReportThe Country Club Manor NeighborhoodCountry Club Manor is a lovely suburban neighborhood northwest of the downtown district of Rochester, MN. The neighborhood serves as an ideal bedroom community perfect for families looking for a new home in the region. There's a varied selection of single-family homes in the community ranging 1,100 sqft to 2,800 sqft. Typical home models come in single or two-story layouts with three to four-bedroom designs. Home prices in the area begin in the mid $200,000s to the high $300,000s. If you're looking for an affordable starter home with easy access to everything you need, you'll surely love what The Country Club Manor has to offer.Check out our original neighborhood post at https:...
Comments 0
By inboundREM Market Updates
(InboundREM)
Echo Ridge, Rochester, MN Neighborhood Information and Market ReportThe Echo Ridge NeighborhoodEcho Ridge is a private suburban subdivision in the southwestern district of Rochester, MN. The picturesque community offers a beautiful selection of single-family homes with spacious home lots that come with large and open backyards. Residents get to enjoy a green living environment with tree-lined streets and wooded areas throughout the suburb. Each home offers comfortable open floor layouts with three to five-bedroom designs. Single floor homes come with a minimum of 1,700 sqft of living space while the two-floor models feature a minimum of 2,400 sqft. If you're in the market for a new home on the southern outskirts of the city of Rochester then Echo Ridge is an excellent place to start you...
Comments 0
By inboundREM Market Updates
(InboundREM)
Downtown Rochester, MN Neighborhood Information and Market ReportThe Downtown Rochester NeighborhoodDowntown Rochester is the city center and the primary business district of the city of Rochester, MN. The neighborhood is a highly urbanized area filled with various buildings and residential developments. Most properties available for purchase in the district are either condominiums or apartment units. These homes are fantastic for individuals or families looking to move into the downtown area close to work. Properties here are also great for investors looking to purchase a rental property that has easy access to everything the city has to offer. If you would like to get more information about the neighborhood, including available units for sale, please click the link below.Check out our...
Comments 0
By inboundREM Market Updates
(InboundREM)
Northern Heights, Rochester, MN Neighborhood Information and Market ReportThe Northern Heights NeighborhoodNorthern Heights is a residential cul de sac neighborhood in the northeastern portion of the city of Rochester, MN. The subdivision sits close to two nearby schools, which are Churchill Elementary School and Century High School. The community features affordable single-family homes, making it an ideal place to consider your purchase if you're in the market for a starter home in Rochester. The many nearby establishments, public parks, community attractions, and schools also make it a convenient place, especially for those who plan to move here with their entire family.Check out our original neighborhood post at https://www.domaillerealestate.com/.Northern Heights AmenitiesThe Northe...
Comments 0
By inboundREM Market Updates
(InboundREM)
Merrihills, Rochester, MN Neighborhood Information and Market ReportThe Merrihills NeighborhoodMerrihills is a lovely neighborhood in the southern portion of the city of Rochester, MN. The subdivision is southeast of the Bamber Valley Elementary School and south of the John Withers Sports Complex. The neighborhood features a fantastic collection of suburban single-family homes in spacious lots surrounded by wooded areas and beautiful tree-lined streets. Houses in the community range between four to five-bedroom contemporary suburban models with a few custom luxury home builds. Large property lots provide ample space between neighbors, offering you a private living environment with spacious backyards and well-maintained front yards. Homeowners have lots of opportunities to do a variety o...
Comments 1
By inboundREM Market Updates
(InboundREM)
Mayo Woodlands, Rochester, MN Neighborhood Information and Market ReportThe Mayo Woodlands NeighborhoodMayo Woodlands is a beautiful luxury subdivision southwest of the city of Rochester, MN. The neighborhood features beautifully designed custom residences with lavish furnishings and exquisite exterior designs. Large home lots provide ample space for well-maintained yards and open green spaces. Inside these homes, you'll find all the amenities of a modern home, including multiple bedrooms and baths, a large living room, a gourmet kitchen and dining area, and ample parking space. If you're in the market for your new dream home, you'll surely love what this community has to offer.Check out our original neighborhood post at https://www.domaillerealestate.com/Mayo Woodlands AmenitiesThe nei...
Comments 0
By inboundREM Market Updates
(InboundREM)
Eagle Ridge, Rochester, MN Neighborhood Information and Market ReportThe Eagle Ridge NeighborhoodEagle Ridge is a highly sought after suburban neighborhood in the heart of the city of Rochester, MN. The neighborhood has easy access to the downtown area and everything the city has to offer. Homes in the community are well-built with varying exterior designs and architecture providing a welcoming feel whenever you take a drive through the subdivision. Home models come in one or two-floor layouts providing buyers with the option to choose one that best suits their needs. The one-floor design is especially great if you want to avoid climbing up and down the stairs every day.Check out our original neighborhood post at https://www.domaillerealestate.com/Eagle Ridge AmenitiesEagle Ridge reside...
Comments 0
By inboundREM Market Updates
(InboundREM)
Boulder Ridge, Rochester, MN Neighborhood Information and Market ReportThe Boulder Ridge NeighborhoodBoulder Ridge is a beautiful residential subdivision in the northern outskirts of the city of Rochester, MN. The neighborhood is right next to the Crimson Ridge neighborhood and sits along the similarly named, Boulder Ridge Drive. Like other neighborhoods in the area, Boulder Ridge is an ideal bedroom community for home buyers in the market who are interested in a house just outside the city limits.Real estate in Boulder Ridge is single-family attached homes with two-bedroom floor layouts. These residences come with an attached parking garage, an eat-in kitchen, living room, 1.5 baths, and a dining area. Homes in the subdivision are perfect housing options for buyers in the market who ar...
Comments 0
By inboundREM Market Updates
(InboundREM)
Manor Woods, Rochester, MN Neighborhood Information and Market ReportThe Manor Woods NeighborhoodManor Woods is a beautiful suburban neighborhood located in the northwestern portion of the city of Rochester, MN. The subdivision provides a relaxing living environment surrounded by mature trees perfect for buyers looking for a place to move into with their family. Homes in the area are well built and they feature open floor layouts with multiple bedrooms and baths. Residents enjoy an ample parking space with an attached garage and private driveway. Backyards are also quite large with some inner properties that feature open green spaces next to small ponds.Check out our original neighborhood post at https://www.domaillerealestate.com/Manor Woods AmenitiesThere are two public parks availabl...
Comments 1
By inboundREM Market Updates
(InboundREM)
Crimson Ridge, Rochester, MN Neighborhood Information and Market ReportThe Crimson Ridge NeighborhoodCrimson Ridge is a well-developed suburban neighborhood on the northern edge of the city of Rochester, MN. The neighborhood provides a convenient home location with easy access to schools, restaurants, stores, and public parks. Residents are a short drive away from Downtown Rochester making it an ideal location for busy professionals who prefer to live farther from the busy city center. Homes in Crimson Ridge are beautifully built suburban single-family homes with classic contemporary American designs. These residences come in three to four-bedroom layouts with an attached parking garage and driveway. The interior features a full kitchen, a living room space, dining room, and multiple ba...
Comments 2
By inboundREM Market Updates
(InboundREM)
Closing Costs in Rochester, MNClosing CostsClosing costs are the various fees a home buyer and seller has to pay upon finalizing a real estate transaction. As a buyer or seller, you need to familiarize yourself with these costs to make sure there are no surprise expenses at the end of your deal. If you're planning to buy or sell a property in Rochester, our team can help walk you through these costs as well as the various ins and outs involved in your deal.Check out our original neighborhood post at https://www.domaillerealestate.com/.Home Buyers Closing CostsThere are many fees that a home buyer has to cover when closing a real estate transaction. These include credit report fees, title insurance fees, real estate administrative fees, appraisal fees, loan discount points, lender insura...
Comments 0
By inboundREM Market Updates
(InboundREM)
Cost of Living in Rochester, MNCost of Living IndexCost of living is the many fees an individual or family has to pay to maintain a good quality of life in a particular city. If you're planning to move into a new community, you'll want to ensure you review these costs to identify if you can afford to live in your new neighborhood. The cost of living in Rochester is rated at 93 out of 100, which is 9% less than the state average and 7% below the national average. This means that residents can expect most expenses in the community are a right amount lower than other cities in the region. Various factors affecting the total cost of living are as follows:Goods/services (33%)Housing (30%)Grocery (13%)Utilities (10%)Transportation (9%) andHealth care (5%)Check out our original neighborhood po...
Comments 1
By inboundREM Market Updates
(InboundREM)
Badger Ridge, Rochester, MN Neighborhood Information and Market ReportThe Badger Ridge NeighborhoodBadger Ridge is a beautiful residential neighborhood in the northwestern part of the city of Rochester, MN. The neighborhood is bordered by Valleyhigh Road NW to the north and 19th Street NW to the south. Houses in the community are excellent residential options for employees working in nearby companies such as Mayo Clinic Laboratories, Benchmark Electronics Inc, IBM, Crenlo, and more. There are mostly single-family homes and a few townhouses in Badger Ridge. These residences come in three or four-bedroom models that feature spacious open floor layouts and large lots with ample yard space. Each house comes with multiple baths, parking garage, private driveway, full kitchen, dining area, an...
Comments 3
By inboundREM Market Updates
(InboundREM)
Lincolnshire-Arbor Glen, Rochester, MN Neighborhood Information and Market ReportThe Lincolnshire-Arbor Glen NeighborhoodLincolnshire-Arbor Glen is a well developed residential neighborhood in the northwestern part of the city of Rochester, MN. Located just outside the city center, residents can enjoy a quiet living community within a reasonable distance from the busy streets of Downtown Rochester. Homes for sale in Lincolnshire-Arbor Glen are mostly single-family homes ranging between three to five-bedroom layouts. These houses typically come with an attached parking garage, multiple baths, dining room, full kitchen, and living room. Residences in the community are quite affordable, making it an excellent choice for home buyers looking to get their first home in the city.Check out our ...
Comments 1
By inboundREM Market Updates
(InboundREM)
Hart Farms, Rochester, MN Neighborhood Information and Market ReportThe Hart Farms NeighborhoodThe Hart Farms Subdivision is a new residential development situated on the southern outskirts of the city of Rochester, MN. The subdivision is located along the 18th Avenue, north of County Road 117. The neighborhood features beautiful luxury homes that are some of the most sought after real estate properties in the city of Rochester. If you are looking for a spacious and well designed home conveniently located, you'll love the selection of fantastic homes for sale in Hart Farms.Check out our original neighborhood post at https://www.domaillerealestate.com/ Hart Farms AmenitiesHart Farms is a lovely residential community offering several amenities to the families living in the area. Hart Farm...
Comments 4