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704 Kraewood Dr, Northfield, MN, 55057

3beds
2baths
1,570sqft
$569,000
$362price/sqft
$3,905/moest. monthly cost
$156,200/yrincome needed

About This Home

Welcome to the convenience of main level living with three bedrooms, two baths, and laundry all on the one level available for custom building in Kraewood, Northfield's newest development ideally located in an established west side neighborhood close to parks, schools, the college, Way Park, trails, and downtown. Note the Niagara design with no interior stairs, in-floor, radiant heating, quartz kitchen countertops, cultured marble vanity counters, tile backsplash and island in the kitchen, a gas fireplace with stone and wood surround, transom windows, luxury vinyl plank flooring in the kitchen, dining, living room, ensuite bath, carpet in the bedrooms, and vinyl flooring in the guest bath, painted millwork, concrete patio, insulated garage, and covered front porch. Choose this design or choose from an array of other designs. Reserve your lot and explore your many options for building the home of your dreams. The 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,Architectural Shingle
  • 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: Main Level

Basement

  • Basement: None

Bedroom

  • Level: Main
  • Area: 156
  • Dimensions: 12x13

Bedroom2

  • Level: Main
  • Area: 99
  • Dimensions: 9x11

Bedroom3

  • Level: Main
  • Area: 143
  • Dimensions: 11x13

Bedrooms & Bathrooms

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

Dining Room

  • Level: Main
  • Area: 64
  • Dimensions: 8x8

Features

  • Number of fireplaces: 1
  • Fireplace features: Gas,Living Room
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 1,570

Foyer

  • Level: Main
  • Area: 60
  • Dimensions: 5x12

Heating & Cooling

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

Interior Area

  • Total structure area: 1,570
  • Total interior livable area: 1,570 sqft

Kitchen

  • Level: Main
  • Area: 121
  • Dimensions: 11x11

Laundry

  • Level: Main
  • Area: 24
  • Dimensions: 4x6

Living Room

  • Level: Main
  • Area: 238
  • Dimensions: 14x17

Patio

  • Level: Main
  • Area: 140
  • Dimensions: 10x14

Porch

  • Level: Main
  • Area: 76
  • Dimensions: 4x19

Utility Room

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

Walk In Closet

  • Level: Main
  • Area: 40
  • Dimensions: 5x8

Property

Accessibility

  • Accessibility features: No Stairs Internal

Details

  • Parcel number: 2236156006
  • Zoning description: Residential-Single Family
  • Foundation area: 1570

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Front Porch,Patio

Lot

  • Lot size: 8,276 sqft
  • Features: Sod Included in Price
  • Lot size dimensions: 60 x 140

Parking

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

  • 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 $2,877$34,524
Home Insurance *$380$4,560
Property Taxes $478$5,736
Electricity $170$2,050
Total$3,905$46,860
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$133,885/yr
40% on housing$117,150/yr
45% on housing$104,133/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

$362This listing

vs Other Active Listings

Avg $/sqft

ZIP 55057$210
Rice County$180

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
2025-07-20Price change$99,000
2025-03-23Price change$569,000
2024-02-16Listed for sale$535,500

For Sale by Agent

AgentCarol Hong
BrokerageColdwell Banker Realty

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