Pending

$500,000

Est. $3,672/mo —

•

2,978

sq ft

2938 Ivory Rd NE, Rochester, MN 55906

About this home

Located in a sought-after NE neighborhood, this beautiful walkout townhome combines the convenience of main-level living with the extra space of a finished lower level. Step inside to an inviting open-concept design featuring tall ceilings, a stylish kitchen with quartz countertops, stainless steel appliances, ample cabinetry, and a spacious living room centered around a cozy corner gas fireplace. Just off the living area, a bright sunroom provides the perfect spot to relax and enjoy the natural light. From the kitchen, step out onto a maintenance-free deck with stairs leading down to the backyard. The main-floor primary suite offers a private retreat with a lovely bath featuring a walk-in shower with glass doors and a generous walk-in closet. An additional bedroom and full bathroom are also located on the main level. A convenient mudroom with laundry sits just off the garage entry for everyday ease. The walkout lower level expands your living space with a large family room, third and fourth bedrooms, a bathroom, and a versatile bonus room ideal for a home gym, office, or craft area. You’ll also appreciate the expansive storage room. Step outside to enjoy the private lower-level patio. Freshly painted and ready for a new owner to enjoy everything this property has to offer. Ask about the flooring allowance that is also available.

TownhomeProperty Type

2015Year Built

3,920 sq ftLot Size

$168Price/Sq.Ft.

$358/moHOA Dues

2 car garageParking

Listed by Corey Mercer • Jason Mitchell Group

Listing updated: Aug 4, 2026 at 07:42pm

Redfin checked: a few seconds ago

•Source:NORTHSTARMLS as Distributed by MLS Grid #7028543

Payment calculator

$3,672 per month

Principal and interest$2,628

Property taxes

HOA dues

Home insurance

Utilities

5 minutes to get started. No credit impact.

Mortgage resources

Open houses

No upcoming open houses.

Nearby open houses (10)

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2505 E River Rd NE, Rochester, MN 55906
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$325,000
3 beds2 baths1,695 sq ft
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4 beds4 baths3,536 sq ft
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OPEN SUN, 11AM TO 12:30PM
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3 beds2 baths1,512 sq ft
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OPEN SUN, 1PM TO 2:30PM
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Around this home

Schools

K - 12
Preschool & daycare

Jefferson Elementary School

Public PreK-5 • Assigned • 1.6mi

8/10

Kellogg Middle School

Public 6-8 • Assigned • 1.5mi

5/10

Century Senior High School

Public 9-12 • Assigned • 0.3mi

8/10

Provided by GreatSchools

About Northern

Heights

Northern Heights, located between Elton Hills Drive NW and 55th Street NW, is a residential and park-adjacent Rochester neighborhood with mid-century streetscapes and wooded ravines. The neighborhood’s character concentrates around the Elton Hills Drive NW corridor near 55th Street NW, where local errands and a steady weekday rhythm cluster around small storefronts and service stops. Housing leans toward ramblers and split-levels with mature trees and generous setbacks. Side streets feed into pocket parks and trail links that frame daily walks and bike loops. A short drive connects to the Douglas State Trail and the Quarry Hill Nature Center for longer outdoor stretches.

Provided by Walk Score and Local Logic

Market insights

2938 Ivory Rd NE · $500,000

DAYS ON MARKET

The average home goes pending in 19 days.

SALE-TO-LIST

Most homes are selling 1% below list price.

LIST PRICE

Median sale price in this area is $289,183. (42% lower than this home)

PRICE DROP

26% of homes in this area have had a price drop in the past month.

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Living

Interior features
Finished basement with daylight/lookout and egress windows
Walkout basement
Two fireplaces (gas) — in the living room and family room
Kitchen and dining combined
Main floor primary bedroom, main floor bedroom, main floor laundry

Bedrooms
4 bedrooms total
Main level bedrooms included
Lower level bedrooms included

Bathrooms
One full bath on the main floor
Two three-quarter baths (main floor and basement)

Kitchen
Range
Microwave
Dishwasher
Refrigerator

Laundry & utility
Main level laundry
Washer
Dryer
Owned water softener

Heating & cooling
Forced air heating
Central air conditioning

Sale and tax history for 2938 Ivory Rd NE

Sale History
Tax History

Date

Event

Price

NORTHSTARMLS as Distributed by MLS Grid #7028543

Aug 4, 2026

Pending

—

Jul 26, 2026

Contingent

—

Jun 3, 2026

Price Changed

$500,000

$168/sq ft

Mar 6, 2026

Listed

$525,000

$176/sq ft

Mar 4, 2026

Coming Soon

$525,000

$176/sq ft

RENT. #1

Nov 13, 2022

Rental Removed

—

NORTHSTARMLS as Distributed by MLS Grid #6234576

Nov 15, 2022

Listing Removed

—

Oct 27, 2022

Relisted

—

Oct 21, 2022

Pending

—

Jul 27, 2022

Relisted

—

Jul 22, 2022

Pending

—

Jul 22, 2022

Contingent

—

Jul 13, 2022

Listed

$465,000

$156/sq ft

Year

Property tax

Land + Additions

Assessment*

2026

$6,978 (+7.6%)

$50,000 + $453,900

$503,900

2025

$6,484 (+10.5%)

$35,000 + $428,800

$463,800

2024

$5,868 (+8.3%)

$35,000 + $430,900

$465,900

2023

$5,416 (−6.0%)

$35,000 + $391,900

$426,900

2022

$5,762 (+1.7%)

$35,000 + $383,800

$418,800

2021

$5,668 (+2.6%)

$34,980 + $376,420

$411,400

2020

$5,526 (+5.0%)

$34,780 + $349,700

$384,480

2019

$5,262 (+27.1%)

$34,640 + $333,050

$367,690

2018

$4,140 (+55.5%)

$33,800 + $252,500

$286,300

2017

$2,662 (+3,814.7%)

$35,000 + $147,500

$182,500

2015

$68

$4,000

Public record

Public record
Zoning
Permits

Beds

Baths

Stories

—

Lot width

—

Lot depth

—

Lot size

3,920 Sq. Ft.

Year renovated

—

Finished Sq. Ft.

2,978

Unfinished Sq. Ft.

—

Total Sq. Ft.

2,978

Year built

2015

Style

Townhouse

County

Olmsted County

APN

731934081468

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 9, 2026.

Low Density Small Lot District

The R-2 district is intended to maintain and promote areas with a mixture of residential dwelling types that are of an overall low-density or are undergoing a conversion from predominantly single-family detached dwellings to duplexes and other attached dwellings. Certain supportive non-residential uses, and compatible infill development, consistent with the character of the area are permitted.

Permitted uses

Include but are not limited to:

Library
Museum / gallery
Death related/funeral home

May 17, 2017 • Final

Residential building (new building)

Construct a new one-story single-family townhome with two bedrooms, a two-car garage, a deck, and an unfinished basement.

New construction

May 17, 2017 • Final

Residential mechanical (hvac)

Install a new heating and air conditioning system in a single-family townhome. The residence includes a garage, a deck, and an unfinished basement.

HVAC

New construction

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

2/10 Heat Factor

7 days above 99° 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 • 55906

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

80/ 100

Very good sunlight

Sunscore

There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

10.1 hrs

5.4 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 2938 Ivory Rd NE

$492,066

$7,934 under list price of $500K

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $450K to $585K.

SOLD JUN 23, 2026
$496,250 Last sold price
4 beds4 baths— sq ft
2227 Viola Heights Dr NE, Rochester, MN 55906
larger lot
23 years older
SOLD JUN 18, 2026
$515,000 Last sold price
3 beds3 baths— sq ft
1318 21st Ave NE, Rochester, MN 55906
larger lot
36 years older
SOLD JUN 30, 2026
$450,000 Last sold price
3 beds3 baths— sq ft
2272 Coral Ct NE, Rochester, MN 55906
smaller lot
11 years older
SOLD MAY 4, 2026
$585,000 Last sold price
4 beds3 baths— sq ft
3752 Stone Point Dr NE, Rochester, MN 55906
larger lot
11 years older
no basement
SOLD AUG 12, 2026
$540,000 Last sold price
4 beds3 baths— sq ft
2537 Lisa Ln NE, Rochester, MN 55906
larger lot
117 years older
SOLD JUL 31, 2026
$482,000 Last sold price
4 beds4 baths— sq ft
2516 Colleen Ln NE, Rochester, MN 55906
larger lot
14 years older

Rental earnings

Est. $3,500 per month, based on comparable rentals

This home is pending

The seller has accepted an offer, and this property is now .

Questions? Redfin partner agents are here to help

Typically responds in about 1 minute.

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Details provided by NORTHSTARMLS as Distributed by MLS Grid and may not match the public record. Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Payment calculator

Mortgage resources

Open houses

Nearby open houses (10)

Around this home

Schools

Market insights

Property details

Sale and tax history for 2938 Ivory Rd NE

Public record

Climate risks

Historical weather

Sun exposure

Redfin Estimate for 2938 Ivory Rd NE

This home is pending

Questions? Redfin partner agents are here to help

Nearby similar homes

New listings for sale in 55906

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