40698 Chestnut Rd, Lanesboro, MN, 55949
About This Home
Escape to the beauty of the bluff country with this stunning hobby farm nestled halfway between Rushford and Lanesboro. This Amish-built home was thoughtfully updated in 2021, blending timeless craftsmanship with modern comfort to create a truly inviting space. Step inside to a spacious, open-concept main living area designed with entertaining in mind. The seamless flow between the kitchen, dining, and living room creates the perfect gathering place whether you're hosting holidays, family dinners, or simply enjoying the peaceful surroundings. Outside, the property is fully equipped for hobby farming, equestrian use, or small business potential. The barn features a horse stall, tack room, and water access, while the impressive 70x120 pole shed offers both water and electricity ideal for equipment storage, workshops, or expanded operations. An additional insulated shed with electricity provides even more flexibility. For those with a green thumb or year-round growing ambitions, the greenhouse is a standout feature, complete with gas heat and a water hydrant. Two additional smaller sheds round out the outbuildings, offering ample storage and versatility. Surrounded by the rolling hills and natural beauty of southeastern Minnesota, this property offers the perfect balance of rural tranquility and functional living. Whether you're dreaming of horses, gardening, or simply space to breathe, this hobby farm is ready to bring your vision to life.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 2006
Materials
- Roof: Age 8 Years or Less
- Construction materials: Block
Type & Style
- Home type: SingleFamily
- Property subType: Single Family
Interior
Appliances
- Appliances included: Dishwasher,Dryer,ENERGY STAR Qualified Appliances,Humidifier,Gas Water Heater,Range,Refrigerator,Stainless Steel Appliance(s),Washer,Water Softener Owned
Basement
- Has basement: Yes
- Basement: Block,Finished,Full
Bathroom
- Level: Upper
- Area: 55
- Dimensions: 5x11
Bathroom
- Level: Main
- Area: 45
- Dimensions: 5x9
Bedroom
- Level: Upper
- Area: 140
- Dimensions: 10x14
Bedroom2
- Level: Upper
- Area: 110
- Dimensions: 10x11
Bedroom3
- Level: Main
- Area: 156
- Dimensions: 12x13
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 1
- 3/4 bathrooms: 2
Family Room
- Level: Main
- Area: 240
- Dimensions: 15x16
Features
- Number of fireplaces: 1
- Fireplace features: Double Sided,Electric
- Fireplace: Yes
- Finished area below ground: 0
- Finished area above ground: 2,324
Heating & Cooling
- Heating features: Forced Air,Fireplace(s)
- Cooling features: Central Air
Interior Area
- Total structure area: 2,688
- Total interior livable area: 2,324 sqft
Kitchen
- Level: Upper
- Area: 392
- Dimensions: 14x28
Laundry
- Level: Main
- Area: 130
- Dimensions: 10x13
Living Room
- Level: Upper
- Area: 392
- Dimensions: 14x28
Other
- Level: Main
- Area: 84
- Dimensions: 6x14
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 040264020
- Zoning description: Residential-Single Family
- Foundation area: 1344
- Horse amenities: Tack Room
Features
- Levels: Two
- Stories: 2
- Pool features: None
- Patio & porch: Composite Decking,Covered,Deck,Wrap Around
- Fencing: Electric,Full,Wood
Lot
- Lot size: 22.54 Acres
- Features: Suitable for Horses,Tillable
- Lot size dimensions: Irreg
Parking
- Total spaces: 1
- Parking features: Attached,Garage Door Opener,Gravel,Insulated Garage,Other
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Cold Wave
- Tornado
- Hail
- Landslide
- Lightning
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Fillmore County and Minnesota
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,514 | $42,168 |
| Home Insurance * | $413 | $4,956 |
| Property Taxes | $290 | $3,480 |
| Electricity | $196 | $2,352 |
| Total | $4,413 | $52,956 |
Income You'd Need if You Spent...
Minnesota FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-23 | Price change | $695,000 |
| 2026-06-03 | Price change | $710,000 |
| 2026-05-16 | Listed for sale | $749,900 |
| 2020-09-02 | Sold | $190,000 |
| 2017-01-23 | Sold | $160,000 |
| 2012-12-21 | Sold | $150,000 |
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