2309 Institute Rd SW is a 3,498 square foot house on a 4.33 acre lot with 3 bedrooms and 3 bathrooms. Based on Redfin's Rochester data, we estimate the home's value is $584,925.
Single-familyProperty Type
1936Year Built
4.33 acresLot Size
$167Est. Price/Sq.Ft.
Source:Public Records
Redfin Estimate
$584,925
$7,000 since July
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 10.2% lower than the average sale price ($651K) of 5 comparable homes.
As the MLS and public records start to fill up, we'll list the details here.
Year
Property tax
Land + Additions
Assessment*
2026
$7,076 (+12.4%)
$174,700 + $333,000
$507,700
2025
$6,294 (+13.4%)
$123,400 + $323,300
$446,700
2024
$5,552 (+7.0%)
$100,000 + $340,800
$440,800
2023
$5,190 (+0.2%)
$99,900 + $309,100
$409,000
2022
$5,180 (+7.2%)
$99,182 + $277,015
$376,197
2021
$4,834 (−2.2%)
$98,520 + $251,620
$350,140
2020
$4,944 (+21.5%)
$98,340 + $245,050
$343,390
2019
$4,070 (+2.3%)
$68,300 + $214,810
$283,110
2018
$3,980 (+1.1%)
$68,100 + $206,800
$274,900
2017
$3,938 (−1.5%)
$67,900 + $200,100
$268,000
2015
$3,998 (+1.9%)
$68,300 + $215,400
$283,700
2014
$3,922
$68,300 + $214,500
$282,800
Tax history for 2309 Institute Rd SW
Year
Property tax
Land + Additions
Assessment*
2026
$7,076 (+12.4%)
$174,700 + $333,000
$507,700
2025
$6,294 (+13.4%)
$123,400 + $323,300
$446,700
2024
$5,552 (+7.0%)
$100,000 + $340,800
$440,800
2023
$5,190 (+0.2%)
$99,900 + $309,100
$409,000
2022
$5,180 (+7.2%)
$99,182 + $277,015
$376,197
2021
$4,834 (−2.2%)
$98,520 + $251,620
$350,140
2020
$4,944 (+21.5%)
$98,340 + $245,050
$343,390
2019
$4,070 (+2.3%)
$68,300 + $214,810
$283,110
2018
$3,980 (+1.1%)
$68,100 + $206,800
$274,900
2017
$3,938 (−1.5%)
$67,900 + $200,100
$268,000
2015
$3,998 (+1.9%)
$68,300 + $215,400
$283,700
2014
$3,922
$68,300 + $214,500
$282,800
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning and permits
Zoning
Permits
R1
Mixed Single Family District
The R-1 district is intended to maintain and promote areas of low residential density where the emphasis is generally on the development of single-family dwellings of various styles. Uses supportive and in character with low-density residential are permitted. This district also provides opportunities for in-fill development in established areas through the efficient use of the existing housing stock and infrastructure
Permitted uses
Include but are not limited to:
Library
Museum / gallery
Death related/funeral home
Jul 13, 2020 • Active
Residential mechanical (hvac)
Replace the air conditioning unit.
HVAC
Jul 13, 2020 • Active
Residential electrical
Replace the wiring for an air conditioning unit.
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Interior
Basement Information
Basement Sq. Ft: 1,456
Basement Finish: Finished
Bathroom Information
# of Full Baths: 3
Heating & Cooling
Heating Type: Forced Air
Fireplace Information
# of Fireplaces: 1
Fireplace Type: Coal/Wood
Has Fireplace
Exterior
Exterior Information
Foundation Type: Concrete Block
Building Construction Quality: Good
Exterior Wall: Metal
Roof Framing Type: Wood
Roof Shape Type: Gable
Building Type: Single Family
Property Information
Subdivision Name: INSTITUTE HILLS 1ST SUB ANX
Living Sq. Ft: 3,498
Adjusted Gross Sq. Ft: 2,477
Ground Floor Sq. Ft: 1,456
Building Sq. Ft: 4,153
# of Stories: 2
Stories Type: 2
Legal Description: SECT-16 TWP-106 RANGE-014 INSTITUTE HILLS 1ST SUB ANX LOT-005 LOT 5 LESS BEG AT SECOR LOT 4 TH S54.02FT TH W41FT TH NWLY 55.21FT TH NWLY 20.4FT TO A PT IN S LINE SD LOT 4 TH E86.9FT TO BEG AND ALSO LESS BEG AT NWCOR LOT 4 TH W AL N LINE LOT 5 A DIST OF 124.3FT TH
Lot Information
# of Buildings: 1
Land Sq. Ft: 188,458
Legal Lot Number: 5
Municipality Name: ROCHESTER
Acres: 4.3264
County Use Description: SINGLE FAM
Financial
Assessor Information
Assessment Year: 2025
Tax District County: ROCHESTER CITY 0535
Public facts
Beds: 3
Baths: 3.0
Sq. Ft.: 3,498
Stories: 2.0
Lot Size: 4.33 acres
Style: Single Family Residential
Year Built: 1936
Year Renovated: 1970
County: Olmsted County
APN: 641614062692
Home facts updated by county records on Jul 9, 2026
Around this home
Schools
Bamber Valley Elementary School
Public PreK-5 • Assigned • 0.3mi
8/10
John Adams Middle School
Public 6-8 • Assigned • 4.8mi
5/10
Mayo Senior High School
Public 9-12 • Assigned • 2.8mi
9/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
1/10 Heat Factor
7 days above 98° expected this year, 15 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Rochester, MN • 55902
Average low and high temperatures (°F)
23
7
31
15
49
29
57
39
69
49
78
60
82
65
78
61
76
56
64
46
45
31
29
15
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.6 hours in
June and 3.6 hours in December, placing it below the
U.S. average for solar exposure.
9.6 hrs
3.6 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$556,000 – $673,000
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