Score
0Rochester, MN
2841 19th Ave NW APT B
140K
2 beds
2 baths
1,036 sqft
2 bd • 2 ba • 1,036 sf
This analysis was generated on 2/23/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$139,900
Price/Sq.Ft
$135
Year Built
1985
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Affordability: At $139,900, the property is priced below the median home price in Rochester, making it an attractive option for first-time homebuyers or investors.
• Convenient location: The property is located in a convenient NW location with access to the city bus line, providing easy transportation options.
• Detached garage: The single-car detached garage provides secure parking and additional storage space.
• Low climate risk: The property has minimal flood and fire risk (1/10), reducing the likelihood of expensive insurance premiums and property damage.
• Rental potential: The property can be rented for approximately $1260 per month, offering a solid return on investment. Rochester's strong rental market supports stable occupancy rates.
The Bad
• Property condition: The listing is described as a "handyman special," indicating that the property requires significant improvements. New carpet/flooring is needed, and other cosmetic updates may be desired.
• School ratings: The elementary and middle schools have ratings of 3/10 and 4/10, respectively, which may be a concern for buyers with children.
• Window/Wall AC Units: The property relies on window/wall AC units, which are less efficient and less effective than central air conditioning.
The Ugly
• Small living space: At 1,036 square feet, the property may feel cramped for some buyers, especially those with families.
• Baseboard heating: Baseboard heating can be less efficient and less comfortable than forced-air heating.
• Property History: The property sold for $96,700 in 2002. While the current list price represents a significant increase, it reflects the overall appreciation of real estate in Rochester over the past two decades, largely influenced by the Mayo Clinic's expansion and the subsequent increase in demand for housing.
• 44.7% price increase in 2 years: The property was listed for sale for 44.7% more than it was purchased for in 2023. This is an aggressive increase even in the current market, given the needed repairs.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
• Investors seeking rental income: The property can be rented for approximately $1260/month, providing immediate cash flow. The Rochester rental market is strong due to the Mayo Clinic.
• Buyers seeking affordable homeownership: The list price of $139,900 makes this property accessible for buyers on a budget, especially with the potential to increase its value through renovations.
• Buyers comfortable with handyman projects: This property is ideal for those looking to customize their home and increase its value through sweat equity.
• Individuals needing access to public transportation: Proximity to the city bus line makes this property suitable for those who rely on public transportation.
Not For
• Buyers seeking a move-in ready property: Given the need for improvements, this property is not suitable for those who prefer a home that requires no immediate renovations.
• Buyers with limited renovation budgets: The cost of flooring, paint, and other potential repairs should be factored into the overall affordability of this property.
• Buyers who prefer upscale amenities or finishes: This property is a basic unit and may not appeal to those seeking high-end features or modern designs.
• Individuals without a vehicle: While close to the bus line, some errands may require a vehicle.
Demographics
Area Median Income
$79,486
Property History
Price History
Ownership Timeline
Property Taxes
$1,200
2024 Tax Assessment
0.0%from previous year
Assessed Value$82,300
Tax Rate1.46%
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
Data provided by Shadowmap
Loading sunlight data...
Schools
Nearby school quality by education level
Elementary
3.0/10
Below AverageMiddle
4.5/10
AverageFinancials
Monthly Costs
Unlock Premium Features
Supercharge Your Property Analysis
Get unlimited AI-powered insights and analysis to make confident decisions about any property you're interested in.
Best for serious buyers
- Unlimited AI analysis
- Unlimited AI chat
- Advanced tools & insights
$24.92/mo
Billed yearlySave 17% ($60/year)
Cancel anytime • 30-day money-back guarantee
Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$139,900
Price/sqft
$135
Layout
2 bd•2 ba
Days on market
25 daysat time of analysis
Stats in the Area
Based on 2 comparable properties nearby
Average Price
$239,950
41.7%
Your price is 41.7% below average
Median Price
$242,000
42.2%
Based on 2 recent sales
Price per Sq.Ft
$219
38.3%
Your price is 38.3% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 1816 19th Street NW, Rochester, MN 55901 | $237,900 | 988 | 3 | 2 | $24178.3% | 9/23/2024 |
| 2016 17th Avenue NW, Rochester, MN 55901 | $242,000 | 1,224 | 3 | 2 | $19846.4% | 10/16/2024 |
1816 19th Street NW, Rochester, MN 55901
Price: $237,900
Sq.Ft: 988
Beds/Baths: 3/2
$/Sq.Ft:
$24178.3%
Sale Date: 9/23/2024
2016 17th Avenue NW, Rochester, MN 55901
Price: $242,000
Sq.Ft: 1,224
Beds/Baths: 3/2
$/Sq.Ft:
$19846.4%
Sale Date: 10/16/2024
Frequently Asked Questions
Property Discussion
Start the Conversation
Share your insights on this property—did you visit the open house? Know of any hidden pros or cons? Your street-level knowledge could be exactly what another buyer needs.
You
Analyze Any Property for Free
Get instant insights and potential savings on any Zillow listing.
Free Analysis
AI-Powered Insights
Instant Results