Rare opportunity to own 5 private acres in SW Rochester with mature trees, expansive lawn and panoramic views. This distinctive 4-bedroom, 3-bath home offers over 3,200 finished sq ft with vaulted ceilings, exposed beams, natural woodwork, hardwood floors and large windows showcasing the surrounding property. Features include two fireplaces, a finished lower level, spacious deck and multiple outdoor living areas. Exceptional garage and workshop space includes 4 total garage stalls, a detached garage and workshop area. Private drive and heavily wooded setting provide excellent privacy while remaining within Rochester city limits. A unique acreage property offering space, character and a hard-to-find setting.
Folwell, located between Downtown Rochester and the Zumbro River corridor, is a residential and civic Rochester neighborhood with leafy blocks and a walkable park-and-trail feel. The neighborhood’s character concentrates around the Mayo Civic Center and Soldiers Field Veterans Memorial, where event crowds, riverfront paths, and downtown storefronts set the pace. Housing leans toward mid-century ramblers and tidy infill, with pockets of older homes closer to the river. Silver Lake Park frames daily routines with shoreline loops and open lawns. The Zumbro River Trail stitches together parks, bridges, and downtown streetscapes. Cafes and galleries along nearby 1st Avenue SW add a low-key, urban edge.
Provided by Walk Score and Local Logic
Market insights
2715 Salem Rd SW · $975,000
DAYS ON MARKET
14 days
The average home goes pending in 28 days.
SALE-TO-LIST
98.7%
Most homes are selling 1% below list price.
LIST PRICE
$975,000
Median sale price in this area is $351,274. (64% lower than this home)
PRICE DROP
0 price drops
28% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Finished basement with daylight/lookout windows
Block foundation in basement
Two fireplaces (electric and gas)
Vaulted ceilings
Natural woodwork
French doors
Panoramic and city views
Washer/dryer hookup
Water softener (owned)
Exercise room
Bedrooms
4 bedrooms total
Three bedrooms on one level
Bathrooms
2 full bathrooms
1 half bathroom (main floor)
Primary suite includes private full bath
Full bathroom in basement
Kitchen
Kitchen with center island
Eat-in kitchen
Range
Microwave
Dishwasher
Refrigerator
Disposal
Exhaust fan
Laundry & utility
Washer and dryer listed among appliances
Washer/dryer hookup
Water softener owned
Flooring
Hardwood floors
Tile floors
Heating & cooling
Boiler hot water heating
Central air conditioning
Exterior features
Deck
Patio
Wood exterior
Workshop
Irregular lot with heavy tree coverage
Private road frontage
Cul-de-sac/no outlet with paved streets
Home design
Residential property
Four-or-more level split
City and panoramic views
No exterior stairs (accessible)
Parking
Attached garage with asphalt surface
Garage door opener
4 garage spaces
Construction
Asphalt roof
Block foundation
Foundation area reported
Utilities
Well water
City sewer (connected)
Natural gas
Electricity and solar
View estimated energy costs and solar savings for this home
Architecturally designed Post and Beam styled home on 5 acres with remodeled kitchen and baths. Hilltop location w/views of the Lakes yet minutes from Mayo. One of a kind home! Only the brick fireplace wall is load bearing so the possibilities are endless. Hardwood floors, second heated building with electricity and almost 1000 sq ft. 3 additional multi-purpose rooms not counted in total bedrooms.
Public Records
Jun 20, 1997
Sold
$277,500
$85/sq ft
Public Records
May 1, 1990
Sold
$286,250
$87/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$10,102 (−16.0%)
$143,700 + $545,800
$689,500
2025
$12,022 (+19.8%)
$175,000 + $622,000
$797,000
2024
$10,036 (+20.1%)
$150,000 + $594,400
$744,400
2023
$8,356 (+15.1%)
$150,000 + $480,500
$630,500
2022
$7,260 (+7.8%)
$100,000 + $422,800
$522,800
2021
$6,732 (+0.5%)
$100,000 + $388,800
$488,800
2020
$6,700 (+12.5%)
$100,000 + $366,500
$466,500
2019
$5,956 (+2.1%)
$63,600 + $353,200
$416,800
2018
$5,832 (−0.5%)
$63,500 + $341,900
$405,400
2017
$5,864 (+13.6%)
$63,400 + $338,500
$401,900
2015
$5,164 (−0.1%)
$62,900 + $304,400
$367,300
2014
$5,170
$63,000 + $310,500
$373,500
Public record
Public record
Zoning
Permits
Beds
4
Baths
2.5
Stories
1.5
Lot width
—
Lot depth
—
Lot size
5 Acres
Year renovated
1995
Finished Sq. Ft.
3,331
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,331
Year built
1968
Style
Single Family Residential
County
Olmsted County
APN
640914041702
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 28, 2026.
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
Apr 29, 2025 • Final
Residential appliance (furnace or ac)
Replace the existing boiler.
HVAC
Apr 25, 2025 • Final
Residential electrical
Install electrical wiring for a replacement boiler.
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.
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
83
66
77
61
74
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 9.8 hours in
June and 3.6 hours in December, placing it below the
U.S. average for solar exposure.
9.8 hrs
3.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2715 Salem Rd SW
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $574,900 and $887,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $575K to $887K.