You'll love this property with its great lot overlooking a nice pond area. The main floor flows very nicely and has a great kitchen layout with it's larger snack bar, huge walk-in pantry. Patio door to the deck overlooking pond. Great room with fireplace. The master is a good size, great 3/4 bath, walk-in closet. Nice 2nd bedroom or could be a main floor office. Main floor laundry conveniently located between the bedrooms. The lower level is a walk-out and has a bar area, fireplace, 2 additional bedrooms, 3/4 bath, large storage room. Nice outbuilding with plenty of space for your toys inside or outside on the concrete. The lot is fully fenced installed in 2019. Carpet upstairs replaced June 2021, carpet in lower level replaced Nov. 2021. Buyer to verify Rochester school as there are changes for 22-23. New Overland Elem. 22-23, New Jr. High (Dakota) 22-23.
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Market trends in 55960, MN
Last updated October 2026
Buyer's Market
Seller's Market
Balanced market
Sale-to-list price
97.7%
2.1% MoM
Median sale price
$530K
$55K MoM
Avg. days on market
56d
37 days MoM
Recently sold homes
6
1 MoM
Provided by Redfin
Sale history for 550 River Park Rd SE
Date
Event
Price
NORTHSTARMLS as Distributed by MLS Grid #6133430
Feb 1, 2022
Sold
$550,000
Dec 14, 2021
Pending
—
Dec 11, 2021
Contingent
—
Dec 6, 2021
Listed
$559,900
NORTHSTARMLS as Distributed by MLS Grid #5204623
Aug 30, 2019
Sold
$430,000
Aug 1, 2019
Pending
—
Jul 26, 2019
Contingent
—
Jul 24, 2019
Price Changed
$439,900
Jun 7, 2019
Price Changed
$449,900
May 15, 2019
Price Changed
$469,900
May 2, 2019
Price Changed
$479,900
Mar 30, 2019
Listed
$489,000
+34
Beautiful views from this amazing four bedroom (two up, two down), three bath home. Fantastic layout featuring a large kitchen with granite counters and a "pantry room". Open layout with dining that opens to the deck overlooking the scenic views and pond behind, living area with fireplace, spacious master with private bath featuring double sink vanity with granite top, gorgeous ceramic tile shower, and walk-in closet, main floor laundry, and a private mud room as you step in from the three-stall heated garage. Lower level walk-out family room with wet bar and fireplace, plus tons of storage space. Storage shed for all your toys! Only a few short minutes from downtown Rochester! School bus stop for both Pine Island and Rochester schools.
NORTHSTARMLS as Distributed by MLS Grid #5046147
Dec 9, 2018
Listing Removed
—
Feb 1, 2012
Listed
$60,000
NORTHSTARMLS as Distributed by MLS Grid #5041936
Dec 9, 2018
Listing Removed
—
Feb 28, 2011
Listed
$80,000
NORTHSTARMLS as Distributed by MLS Grid #SEMN4034503
Feb 1, 2012
Listed
$60,000
NORTHSTARMLS as Distributed by MLS Grid #SEMN4027031
Feb 28, 2011
Listed
$80,000
Year
Property tax
Land + Additions
Assessment*
2026
$7,640 (+14.0%)
$150,000 + $389,500
$539,500
2025
$6,702 (+9.8%)
$99,200 + $370,400
$469,600
2024
$6,106 (+7.5%)
$100,000 + $374,600
$474,600
2023
$5,680 (+12.8%)
$100,000 + $342,700
$442,700
2022
$5,036
$80,000 + $318,400
$398,400
2021
$5,032 (+6.1%)
$80,000 + $321,600
$401,600
2020
$4,744 (+1.5%)
$79,060 + $282,430
$361,490
2019
$4,672 (+2.4%)
$78,800 + $270,480
$349,280
2018
$4,562 (+1.7%)
$78,600 + $259,800
$338,400
2017
$4,484 (+24.2%)
$78,200 + $246,600
$324,800
2015
$3,610 (+232.4%)
$75,000 + $188,000
$263,000
2014
$1,086
$65,000
Tax history for 550 River Park Rd SE
Year
Property tax
Land + Additions
Assessment*
2026
$7,640 (+14.0%)
$150,000 + $389,500
$539,500
2025
$6,702 (+9.8%)
$99,200 + $370,400
$469,600
2024
$6,106 (+7.5%)
$100,000 + $374,600
$474,600
2023
$5,680 (+12.8%)
$100,000 + $342,700
$442,700
2022
$5,036
$80,000 + $318,400
$398,400
2021
$5,032 (+6.1%)
$80,000 + $321,600
$401,600
2020
$4,744 (+1.5%)
$79,060 + $282,430
$361,490
2019
$4,672 (+2.4%)
$78,800 + $270,480
$349,280
2018
$4,562 (+1.7%)
$78,600 + $259,800
$338,400
2017
$4,484 (+24.2%)
$78,200 + $246,600
$324,800
2015
$3,610 (+232.4%)
$75,000 + $188,000
$263,000
2014
$1,086
$65,000
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.