Lori Gustafson

1621 40th Street Nw

Rochester, MN
$ 278,000 Beds 4 Baths 2 Sq 1,786
Monthly Estimate* How much can I afford?

Welcome home to this beautifully updated 4-bedroom, 2 full bath property offering space, comfort, and convenience in a desirable NW Rochester location near shopping, schools, parks, and everyday amenities. Step inside to find warm hardwood floors, spacious living areas, and a layout designed for both daily living and entertaining. The bathrooms feature tile finishes, while the full lower-level bath creates a spa-like retreat with floor-to-ceiling tile and a relaxing Jacuzzi tub. Outside, enjoy a fully fenced backyard with added privacy fencing—perfect for pets, play, or summer gatherings. An oversized 2-car garage provides excellent storage and room for hobbies or projects. Roof just replaced and A/C panel just updated to breakers. This move-in ready home blends updates, functionality, and location all in one package. " SELLER OFFERING $4,000 TO BUYERS RATE"

Single Family

  • Price
  • $ 278,000
  • City
  • Rochester
  • Bedrooms
  • 4
  • Full Bathrooms
  • 2
  • County
  • OLMSTED
  • Half Bathrooms
  • 0
  • Area
  • Sunrise Estates 1st Sub
  • Lot Size
  • 0.176 Acres
  • Zip
  • 55901
  • Sqr Footage
  • 1,786
  • Year Built
  • 1965
  • Taxes
  • $ 3240
  • Style
  • Single Family
  • MLS#
  • 7061706
Listed By: Keller Williams Premier Realty
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 1786
Sewer City Sewer/Connected
Heating Baseboard
Cooling Ductless Mini-Split
Garage Spaces 2
Year Built 1965
Levels Split Entry (Bi-Level)
Property Subtype Single Family
Tax Year 2025
Accessibility None
County Olmsted
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Sunrise Estates 1st Sub
Full Baths 2
Directions 52 S,exit 58 to hwy 22,left on 41st St NW,right on county 112 (18th ave NW),left on 40th st Nw,house on left
High School John Marshall
City Rochester
High School District Rochester
Zoning Description Residential-Single Family
Lot Size Units Acres
Elementary School Robert Gage
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 3240
Middle/Junior High School John Adams
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
Amenities Unit Deck,Kitchen Window,Patio
PostalCity Rochester

Interior Features

Basement Finished,Full
Basement (Y/N) Yes
Fireplace Y/N No
Above Grade Finished Area 913
Laundry Features In Basement
Total Bedrooms 4
Below Grade Finished Area 873
Total Baths 2
Bath Desc Full Basement,Main Floor Full Bath
Fuel Natural Gas
Garage Square Feet 528

Exterior Features

Fencing Full,Privacy,Wood
Parking Features Detached Garage,Concrete,Garage Door Opener
Water Source City Water/Connected
Lot Size Area 0.176
Building Area Total 1806
Lot Dimensions 63x120x65x120
Waterfront Y/N No
Foundation Area 893
Road Frontage Type City Street

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Faribault, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Robert Gage Elementary School
Middle School John Adams Middle School
High School John Marshall High School

Price History

4/24/2026 Listed $314,000
5/26/2026 5% - $299,900
6/9/2026 3% - $293,900
7/21/2026 2% - $289,000
8/13/2026 4% - $279,000
9/17/2026 1% - $278,000

Property vs Zip Code Average in 55901

Price
AVG $390K
$280K
Taxes
AVG $6,274
$3,240
Year Built
AVG 1996
1965
Visits
AVG 105
294
Data Provided by Inside Real Estate®

Areas That We Cover

1621 40th Street Nw Rochester, MN is a Single Family Home for sale at $278000 with 1786 sqft and a lot size of 0.176 Acres Acre(s). 1621 40th Street Nw Rochester has 4 bedrooms, 2 baths and was built in 1965. The property's zip code is 55901 which is in Rochester, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Lori Gustafson

Lori Gustafson

Broker Associate/Sales Agent

507-323-4348

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