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700 Kraewood Dr, Northfield, MN, 55057

2beds
2baths
1,874sqft
$599,000
$320price/sqft
$4,102/moest. monthly cost
$164,080/yrincome needed

About This Home

Main Floor Living! Treasure a two bedroom, two bath rambler with a separate laundry room conveniently located next to the primary bedroom, a walk-in pantry, office space, and spacious, sun-filled rooms all on one level. Note the quartz, kitchen counters with a tile backsplash, cultured marble bath counters, painted millwork, luxury vinyl plank flooring in main living areas, carpet in bedrooms, a gas fireplace with a mantel and tile or stone front, and an insulated garage. Thrive in Northfield's newest development ideally located in an established west side neighborhood close to parks, schools, the college, Cherry Park, Way Park, trails, and downtown. Choose this design or choose from an array of other designs. Reserve your lot today and explore your many options for building the home of your dreams. Pricing is subject to change.

Getting Around

26
WalkingCar-Dependent
0
TransitVery Limited Transit
51
BikeBikeable

Schools

8/10
Northfield Middle SchoolGrades 6-82.2 mi
9/10

Construction

Condition

  • Year built: 2026

Materials

  • Roof: Age 8 Years or Less
  • Construction materials: Frame

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Appliances

  • Appliances included: Air-To-Air Exchanger,Gas Water Heater
  • Laundry features: Laundry Room,Main Level

Basement

  • Basement: None

Bedroom

  • Level: Main
  • Area: 169
  • Dimensions: 13x13

Bedroom2

  • Level: Main
  • Area: 130
  • Dimensions: 13x10

Bedrooms & Bathrooms

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

Dining Room

  • Level: Main
  • Area: 130
  • Dimensions: 13x10

Features

  • Number of fireplaces: 1
  • Fireplace features: Gas,Living Room
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 1,874

Foyer

  • Level: Main
  • Area: 90
  • Dimensions: 6x15

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,874
  • Total interior livable area: 1,874 sqft

Kitchen

  • Level: Main
  • Area: 182
  • Dimensions: 13x14

Laundry

  • Level: Main
  • Area: 54
  • Dimensions: 6x9

Living Room

  • Level: Main
  • Area: 360
  • Dimensions: 18x20

Other

  • Level: Main
  • Area: 42
  • Dimensions: 6x7

Patio

  • Level: Main
  • Area: 100
  • Dimensions: 10x10

Utility Room

  • Level: Main
  • Area: 66
  • Dimensions: 11x6

Walk In Closet

  • Level: Main
  • Area: 56
  • Dimensions: 8x7

Property

Accessibility

  • Accessibility features: No Stairs Internal

Details

  • Parcel number: 2236156007
  • Zoning description: Residential-Single Family
  • Foundation area: 1874

Features

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

Lot

  • Lot size: 10,018 sqft
  • Features: Sod Included in Price
  • Lot size dimensions: 70 x 140

Parking

  • Total spaces: 2
  • Parking features: Attached,Concrete,Insulated Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

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

  • Strong Wind
    Strong WindVery High
  • Tornado
    TornadoVery High
  • Cold Wave
    Cold WaveRelatively High
  • Hail
    HailRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Strong Wind
Tornado
Cold Wave
Hail
Winter Weather
Inland Flooding
Lightning

FEMA Declared Disasters in Rice 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 $3,028$36,336
Home Insurance *$400$4,800
Property Taxes $504$6,048
Electricity $170$2,050
Total$4,102$49,224
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$140,640/yr
40% on housing$123,060/yr
45% on housing$109,386/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: 10.8%
10.8%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 4.2%
4.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$320This listing

vs Other Active Listings

Avg $/sqft

ZIP 55057$210
Rice County$179

vs Homes Sold Last Month

Median $/sqft

ZIP 55057$184
Rice County$165

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
2026-03-06Price change$599,000
2025-07-25Price change$123,900
2025-03-30Price change$589,000
2024-02-15Listed for sale$565,000

For Sale by Agent

AgentCarol Hong
BrokerageColdwell Banker Realty

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