This home's estimate is 3.8% lower than the average sale price ($809K) of 5 comparable homes.
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- Sale & tax history
- Property details
- Neighborhood
- Climate


2603 Institute Rd SW, Rochester, MN 55902
About this home
Pre-inspected 2 story w/ 2.93 wooded acres & 4600 sq ft. Circle drive, 1520 sq ft heated workshop, 6 bedrms on 1 level, 5 ba. Hardwd floors, 2 FR, 2nd kitchen, main fl laundry. Property is now hooked up to city sewer. Private well, 20 x 30 deck. Just 3.5 miles to Mayo Clinic. Update the kitchen/baths for great equity. See visual tour!
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Market trends in 55902, MN
Last updated July 2026
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Provided by Redfin
Sale history for 2603 Institute Rd SW
Tax history for 2603 Institute Rd SW
*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
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 infrastructureInclude but are not limited to:
- Library
- Museum / gallery
- Death related/funeral home
Rewire the electrical system in an attached garage.
Electrical
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
Other
- Home Information
- Living Area: 4508
- Main Level Finished Area: 1390.0000
- Building Area Total: 4600
- Levels: Two
Around this home
Schools
Public PreK-5 • Assigned • 0.3mi
Public 6-8 • Assigned • 4.8mi
Public 9-12 • Assigned • 3.0mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 98° expected this year, 15 days in 30 years
Minor risk of severe winds over next 30 years
1 unhealthy days expected this year, 1 days in 30 years
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.
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Nearby similar homes
New listings for sale in 55902
Home values near 2603 Institute Rd SW
| Address | Redfin Estimate |
|---|---|
4 Beds | 4 Baths | - Sq. Ft. | $863,718 |
4 Beds | 5 Baths | 5162 Sq. Ft. | $1,572,419 |
| Address | Redfin Estimate |
|---|---|
3 Beds | 3 Baths | 3498 Sq. Ft. | $584,925 |
5 Beds | 4 Baths | 3736 Sq. Ft. | $588,872 |
| Address | Redfin Estimate |
|---|---|
3 Beds | 3.5 Baths | 4275 Sq. Ft. | $804,617 |
5 Beds | 4 Baths | - Sq. Ft. | $1,343,072 |
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