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340 Main St N, Chatfield, MN, 55923

4beds
3baths
4,150sqft
$725,000
$175price/sqft
$5,625/moest. monthly cost
$225,000/yrincome needed

About This Home

Custom-Built Brick Beauty on Nearly an Acre – Timeless Design Meets Modern Comfort! Built in 2007, this custom full-brick masterpiece offers over 4,000 finished square feet of quality craftsmanship and thoughtful design, set on nearly one acre across three lots. Every inch of this home showcases comfort and care, from the zero-step entry to the heated floors throughout, including the garage. Step inside to discover stunning hickory hardwood floors, soaring ceilings, and a layout that blends elegance with everyday functionality. The great room features a beautiful fireplace and large custom built-ins, flowing effortlessly into a chef-inspired kitchen with granite countertops, stainless steel appliances, and a spacious dining area perfect for entertaining or family gatherings. The primary suite offers a peaceful retreat with a soaking tub, roll-in shower, and main-level laundry for total convenience. A second bedroom or office adds flexibility to the upper level. The lower level is designed as a complete second living space, featuring an open-concept kitchen, dining, and family room, two additional bedrooms, a full bath, second laundry, and multiple private entrances; accessible through the garage, interior, or walkout sliding doors to the backyard patio. Ideal for multi-generational living, a caregiver arrangement, or rental potential, this level mirrors the same attention to quality as the main floor. Situated on a walkout lot with scenic open space, this custom home delivers timeless beauty, unmatched comfort, and incredible versatility. Don't miss this rare opportunity to own a truly exceptional property.

Getting Around

50
WalkingSomewhat Walkable
0
TransitVery Limited Transit
62
BikeBikeable

Schools

7/10
8/10
Chatfield SecondaryGrades 7-120.3 mi

Construction

Condition

  • Year built: 2007

Materials

  • Roof: Age Over 8 Years
  • Construction materials: Frame

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Appliances

  • Laundry features: Lower Level,Main Level

Basement

  • Has basement: Yes
  • Basement: Concrete

Bedroom

  • Level: Main
  • Area: 270
  • Dimensions: 18x15

Bedroom2

  • Level: Main
  • Area: 168
  • Dimensions: 14x12

Bedroom3

  • Level: Lower
  • Area: 180
  • Dimensions: 15x12

Bedroom4

  • Level: Lower

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 2
  • 3/4 bathrooms: 1

Dining Room

  • Level: Main
  • Area: 304
  • Dimensions: 19x16

Features

  • Number of fireplaces: 1
  • Fireplace features: Gas
  • Fireplace: Yes
  • Finished area below ground: 2,075
  • Finished area above ground: 2,075

Great Room

  • Level: Main
  • Area: 396
  • Dimensions: 22x18

Heating & Cooling

  • Heating features: Forced Air,In-Floor Heating
  • Cooling features: Central Air

Interior Area

  • Total structure area: 4,150
  • Total interior livable area: 4,150 sqft

Kitchen

  • Level: Main
  • Area: 156
  • Dimensions: 13x12

Recreation Room

  • Level: Lower
  • Area: 384
  • Dimensions: 32x12

Property

Accessibility

  • Accessibility features: Doors 36"+,Hallways 42"+,No Stairs External,Partially Wheelchair,Roll-In Shower

Details

  • Parcel number: 513134077973
  • Zoning description: Residential-Single Family
  • Foundation area: 2075

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Patio

Lot

  • Lot size: 0.94 Acres
  • Lot size dimensions: 297 x 186

Parking

  • Total spaces: 3
  • Parking features: Attached,Concrete,Floor Drain,Heated Garage,Insulated Garage
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3

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

  • Cold Wave
    Cold WaveVery High
  • Tornado
    TornadoVery High
  • Hail
    HailRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Drought
    DroughtModerate
  • Heat Wave
    Heat WaveModerate
  • Landslide
    LandslideModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Cold Wave
Tornado
Hail
Inland Flooding
Strong Wind
Winter Weather
Drought
Heat Wave
Landslide
Lightning

FEMA Declared Disasters in Olmsted County and Minnesota

Flood
Severe Storm
Straight Line Winds

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

MonthlyAnnual
Mortgage $3,665$43,980
Home Insurance *$579$6,948
Property Taxes $1,031$12,372
Electricity $350$4,200
Total$5,625$67,500
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$192,857/yr
40% on housing$168,750/yr
45% on housing$150,000/yr

Minnesota FAIR Plan Programs

Minnesota FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,160Commercial: 101
Total Premiums$4.54M
Total Exposure$457.44M

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.

Insurance Growth Rate5-year average: 10.0%
10.0%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 3.2%
3.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$175This listing

vs Other Active Listings

Avg $/sqft

ZIP 55923$164
Olmsted County$175

vs Homes Sold Last Month

Median $/sqft

ZIP 55923$172
Olmsted County$177

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

DateEventPrice
2025-10-25Listed for sale$725,000

For Sale by Agent

AgentAdam Cole
BrokerageCounselor Realty of Rochester

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