OFF MARKET

Off market may 2016 for $415K

$773,637

Est. refi paymentEst. refi $2,854/mo

•

—

sq ft

2603 Institute Rd SW, Rochester, MN 55902

About this home

Single-familyProperty Type

1973Year Built

2.93 acresLot Size

4 car garageParking

Listed by Tami Greenslade • Property Brokers of Minnesota

Redfin checked: 2 minutes ago

•Source:NORTHSTARMLS as Distributed by MLS Grid #5126895

Redfin Estimate

$773,637

$359K since sold in May 2016$10K since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 14.6% lower than the average sale price ($906K) of 6 comparable homes.

SOLD SEP 18, 2026
$915,000
A
5 beds5 baths— sq ft
1337 Woodland Dr SW, Rochester, MN 55902
SOLD JUN 26, 2026
$980,000
B
6 beds4 baths— sq ft
2728 Headland Ct SW, Rochester, MN 55902
SOLD JUN 26, 2026
$725,000
C
5 beds4 baths— sq ft
1526 Monterey Ln SW, Rochester, MN 55902
SOLD MAY 1, 2026
$740,000
D
5 beds5 baths— sq ft
1429 20th St SW, Rochester, MN 55902
SOLD JUN 30, 2026
$975,000
E
5 beds4 baths— sq ft
1103 Baihly Heights Ln SW, Rochester, MN 55902
SOLD AUG 28, 2026
$1,100,000
F
5 beds4 baths— sq ft
4080 Ironton Ln SW, Rochester, MN 55902

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Earn from this home

Refinance

Est. cash available

Get cash now or lower your monthly rate

Rent

$3,527/mo

Redfin rental estimate

List your home for rent

Market trends in 55902, MN

Last updated September 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

98.1%

0.6% MoM

Median sale price

$564K

$49K MoM

Avg. days on market

51d

8 days MoM

Recently sold homes

112

26 MoM

New listings for sale

COMING SOON
$575,000
2 beds2 baths2,368 sq ft
3862 Berkshire Rd SW, Rochester, MN 55902
COMING SOON
$279,900
3 beds2 baths1,716 sq ft
1544 3rd Ave SW, Rochester, MN 55902
$1,350,000
4 beds4 baths5,169 sq ft
2702 Mayo Prairie Ln SW, Rochester, MN 55902
$499,900
4 beds3 baths2,658 sq ft
3588 Hart Ln SW, Rochester, MN 55902
$329,900
3 beds2 baths2,434 sq ft
215 Highland Ct SW, Rochester, MN 55902
$2,100,000
5 beds5 baths5,649 sq ft
1335 Hamlet Rd SW, Rochester, MN 55902
$285,000
3 beds2 baths1,248 sq ft
415 23rd Ave SW, Rochester, MN 55902
$499,900
4 beds4 baths3,148 sq ft
1915 Folwell Dr SW, Rochester, MN 55902
$149,900
2 beds1 bath841 sq ft
1903 Greenview Pl SW #1, Rochester, MN 55902
$1,250,000
4 beds4 baths4,523 sq ft
4720 55th Ave SW, Rochester, MN 55902
See all

Provided by Redfin

Sale history for 2603 Institute Rd SW

Year

Property tax

Land + Additions

Assessment*

2026

$9,304 (+9.2%)

$150,000 + $491,600

$641,600

2025

$8,522 (+12.8%)

$100,000 + $489,000

$589,000

2024

$7,552 (+10.2%)

$75,000 + $507,000

$582,000

2023

$6,854 (+6.5%)

$75,000 + $458,100

$533,100

2022

$6,434 (+6.9%)

$75,000 + $392,700

$467,700

2021

$6,020 (−0.6%)

$75,000 + $362,100

$437,100

2020

$6,058 (+12.6%)

$75,000 + $346,900

$421,900

2019

$5,382 (+0.8%)

$66,050 + $310,040

$376,090

2018

$5,338 (+1.2%)

$66,000 + $304,600

$370,600

2017

$5,276 (+11.9%)

$65,800 + $295,200

$361,000

2015

$4,714 (+1.6%)

$65,300 + $269,800

$335,100

2014

$4,642

$65,300 + $269,800

$335,100

Tax history for 2603 Institute Rd SW

Year

Property tax

Land + Additions

Assessment*

2026

$9,304 (+9.2%)

$150,000 + $491,600

$641,600

2025

$8,522 (+12.8%)

$100,000 + $489,000

$589,000

2024

$7,552 (+10.2%)

$75,000 + $507,000

$582,000

2023

$6,854 (+6.5%)

$75,000 + $458,100

$533,100

2022

$6,434 (+6.9%)

$75,000 + $392,700

$467,700

2021

$6,020 (−0.6%)

$75,000 + $362,100

$437,100

2020

$6,058 (+12.6%)

$75,000 + $346,900

$421,900

2019

$5,382 (+0.8%)

$66,050 + $310,040

$376,090

2018

$5,338 (+1.2%)

$66,000 + $304,600

$370,600

2017

$5,276 (+11.9%)

$65,800 + $295,200

$361,000

2015

$4,714 (+1.6%)

$65,300 + $269,800

$335,100

2014

$4,642

$65,300 + $269,800

$335,100

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning
Permits

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

2.94 Acres

Year renovated

1990

Sq. Ft.

4,258

Year built

1973

Style

Single Family Residential

County

Olmsted County

APN

641614062690

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 28, 2026.

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

Sep 10, 2025 • Active

Residential appliance (electricial) - licensed contractors only

Rewire the electrical system in an attached garage.

Electrical

Aug 26, 2025 • Active

Residential appliance (furnace or ac) - licensed contractors only

Replace the air conditioning unit.

HVAC

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

Parking

Parking Information
Parking Features: Attached Garage, Detached, Garage Door Opener
Garage Spaces: 4
Garage Sq. Ft.: 528

Interior

Virtual Tour

Bedroom Information
# of Bedrooms: 6

Bathroom Information
# of Full Baths (Total): 1
# of Three Quarter Baths (Total): 2
# of Half Baths (Total): 2
Description: 1/2 Basement,3/4 Basement,Main Floor 1/2 Bath

Room 1 Information
Room Type: Bedroom 1
Room Dimensions: 16'5X13'
Room Level: Upper

Room 2 Information
Room Type: Bedroom 5
Room Dimensions: 13'3X9'

Room 3 Information
Room Type: Laundry
Room Dimensions: 19'X5'

Room 4 Information
Room Type: Dining Room
Room Dimensions: 11'4X13'3
Room Level: Main

Room 5 Information
Room Type: Family Room

Room 6 Information
Room Level: Upper

Room 7 Information
Room Type: Bedroom 4
Room Dimensions: 12'5X12'5
Room Level: Upper

Room 8 Information
Room Type: Kitchen
Room Dimensions: 12'3X13'3
Room Level: Main

Room 9 Information
Room Type: Bedroom 2
Room Dimensions: 16'X11'
Room Level: Upper

Room 10 Information
Room Type: Kitchen- 2nd

Room 11 Information
Room Type: Bedroom 3
Room Dimensions: 12'X10'5
Room Level: Upper

Room 12 Information
Room Type: Bedroom 4
Room Dimensions: 12'5X12'5
Room Level: Upper

Room 13 Information
Room Type: Kitchen
Room Dimensions: 12'3X13'3
Room Level: Main

Room 14 Information
Room Type: Bedroom 2
Room Dimensions: 16'X11'
Room Level: Upper

Room 15 Information
Room Type: Kitchen- 2nd

Room 16 Information
Room Type: Bedroom 3
Room Dimensions: 12'X10'5
Room Level: Upper

Basement Information
Basement Features: Block, Finished, Full

Dining Room Information
Dining Room Features: Eat In Kitchen,Separate/Formal Dining Room

Other Rooms Information
3 BR on One Level,Main Floor Laundry

Fireplace Information
Has Fireplace
# of Fireplaces: 1
Fireplace Features: Wood Burning

Heating & Cooling
Heating Information: Fireplace(s), Hot Water
Cooling Information: Central Air

Interior Features
Room Type: Dining Room, Family Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Deck, Bedroom 5, Kitchen- 2nd, Laundry
Appliances: Dishwasher, Exhaust Fan, Iron Filter, Range, Refrigerator, Washer, Water Softener Owned

Exterior

Building Information
Construction Materials: Stucco
Roof: Asphalt, Other

Property Information
FractionalOwnershipYN: No
Property Type: Residential
Property Sub Type: Single Family Residence
Other Structures: Workshop, Storage Shed
Above Grade Finished Area: 3,308
Below Grade Finished Area: 1,200
Amenities: Deck,Hardwood Floors,Kitchen Window,Natural Woodwork

Lot Information
Lot Features: Public Transit (w/in 6 blks), Corner Lot, Tree Coverage - Medium
Lot Size Area: 2.93
Lot Size Units: Acres
Lot Size Dimensions: 500 x 368
Road Frontage Type: City Street

Financial

Assessment Information
Other Annual Assessment Amount: $21,527.14

Tax Information
Tax Annual Amount: $4,714
Tax Year: 2015
Tax With Assessments: $26,241

Lease / Rent Details
RentalLicense Y/N: No

Utilities

Utility Information
Water Source: Well
Sewer: City Sewer/Connected
Fuel: Natural Gas

Location

School Information
Elementary School: Bamber Valley
Middle Or Junior High School: Willow Creek
High School: Mayo
High School District: Rochester
School District Number: 535
School District Phone: 507-328-3000

Location Information
Directions: Bamber Valley Rd, left on Institute Rd SW, immediate left into the circle driveway of property.

Public facts

Beds: 6
Baths: 4.0
Sq. Ft.: 4,258
Stories: 2.0
Lot Size: 2.94 acres
Style: Single Family Residential
Year Built: 1973
Year Renovated: 1990
County: Olmsted County
APN: 641614062690

Home facts updated by county records on Sep 28, 2026

Other

Home Information
Living Area: 4508
Main Level Finished Area: 1390.0000
Building Area Total: 4600
Levels: Two

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 • 3.0mi

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

2/10 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)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.7 hours in June and 3.6 hours in December, placing it below the U.S. average for solar exposure.

9.7 hrs

3.6 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$735,000 – $890,000

Sell confidently with a local market expert in Rochester. 3 minutes to get started.

Nearby similar homes

$1,350,000

4 beds4 baths5,169 sq ft

2702 Mayo Prairie Ln SW, Rochester, MN 55902

$1,795,000

6 beds8 baths6,753 sq ft

2683 Headland Ct SW, Rochester, MN 55902

$375,000

4 beds2 baths1,894 sq ft

1034 14th Ave SW, Rochester, MN 55902

$715,000

5 beds4 baths3,475 sq ft

2915 Lake Vista Dr NW, Rochester, MN 55901

$930,000

4 beds4 baths2,996 sq ft

814 10th Ave SW, Rochester, MN 55902

$499,900

4 beds3 baths2,736 sq ft

3799 Odyssey Dr SW, Rochester, MN 55902

New listings for sale in 55902

COMING SOON

$575,000

2 beds2 baths2,368 sq ft

3862 Berkshire Rd SW, Rochester, MN 55902

COMING SOON

$279,900

3 beds2 baths1,716 sq ft

1544 3rd Ave SW, Rochester, MN 55902

$1,350,000

4 beds4 baths5,169 sq ft

2702 Mayo Prairie Ln SW, Rochester, MN 55902

$499,900

4 beds3 baths2,658 sq ft

3588 Hart Ln SW, Rochester, MN 55902

$329,900

3 beds2 baths2,434 sq ft

215 Highland Ct SW, Rochester, MN 55902

$2,100,000

5 beds5 baths5,649 sq ft

1335 Hamlet Rd SW, Rochester, MN 55902

$285,000

3 beds2 baths1,248 sq ft

415 23rd Ave SW, Rochester, MN 55902

$499,900

4 beds4 baths3,148 sq ft

1915 Folwell Dr SW, Rochester, MN 55902

$149,900

2 beds1 bath841 sq ft

1903 Greenview Pl SW #1, Rochester, MN 55902

Home values near 2603 Institute Rd SW

Data from public records.

Address	Redfin Estimate
2501 Institute Rd SW, Rochester, MN 4 Beds \| 4 Baths \| - Sq. Ft.	$840,417
3170 Wright Rd SW, Rochester, MN 4 Beds \| 5 Baths \| 5162 Sq. Ft.	$1,528,395

Address	Redfin Estimate
2309 Institute Rd SW, Rochester, MN 3 Beds \| 3 Baths \| 3498 Sq. Ft.	$606,954
2112 Alice Ln SW, Rochester, MN 5 Beds \| 4 Baths \| 3736 Sq. Ft.	$585,409

Address	Redfin Estimate
2520 Institute Rd SW, Rochester, MN 3 Beds \| 3.5 Baths \| 4275 Sq. Ft.	$838,740
2121 Balsam Ct SW, Rochester, MN 5 Beds \| 4 Baths \| - Sq. Ft.	$1,321,403

Property information provided by NORTHSTARMLS as Distributed by MLS Grid when last listed in 2015. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Earn from this home

Market trends in 55902, MN

Sale history for 2603 Institute Rd SW

Tax history for 2603 Institute Rd SW

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 55902

Home values near 2603 Institute Rd SW

More real estate resources