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877 Picadilly Ln NW, Rochester, MN, 55901

2beds
2baths
1,632sqft
$419,000
$257price/sqft
$2,635/moest. monthly cost
$105,400/yrincome needed

About This Home

This newly built townhome by Dan Severson Builders offers effortless single-level living with 2 spacious bedrooms and 2 well-appointed bathrooms. At the heart of the home is a light and airy kitchen, featuring quality custom cabinetry, sleek countertops, stainless steel appliances, vaulted ceilings, and a skylight that fills the space with natural light. A convenient pantry adds extra storage, while the open-concept living area anchored by a cozy corner fireplace, creates an inviting atmosphere for relaxation and entertaining. A versatile den or bonus room offers endless possibilities-perfect for a home office, workout space, or extra living area and opens to a private patio with nearby access to the scenic trails of Essex Park. The primary bedroom is a peaceful retreat, with a luxurious ensuite bathroom and a spacious walk-in closet. With abundant natural light throughout, this beautifully crafted, move-in-ready townhome is ready for you to make it your own. *Please note that the photographs of the staged home in this listing are shown here only to help envision how living areas might be arranged.

Getting Around

5
WalkingCar-Dependent
0
TransitVery Limited Transit
52
BikeBikeable

Schools

6/10
3/10
Dakota Middle SchoolGrades 6-83.9 mi

Construction

Condition

  • New construction: Yes
  • Year built: 2023

Materials

  • Roof: Asphalt

Type & Style

  • Home type: Townhouse
  • Property subType: (TH) Side x Side

Interior

Appliances

  • Appliances included: Air-To-Air Exchanger,Dishwasher,Microwave,Range,Refrigerator
  • Laundry features: Main Level

Basement

  • Basement: None

Bedroom

  • Level: Main
  • Area: 209
  • Dimensions: 11x19

Bedroom2

  • Level: Main
  • Area: 132
  • Dimensions: 11x12

Bedrooms & Bathrooms

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

Dining Room

  • Level: Main
  • Area: 132
  • Dimensions: 11x12

Features

  • Number of fireplaces: 1
  • Fireplace features: Gas
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 1,632

Heating & Cooling

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

Interior Area

  • Total structure area: 1,632
  • Total interior livable area: 1,632 sqft

Kitchen

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

Laundry

  • Level: Main

Living Room

  • Level: Main
  • Area: 306
  • Dimensions: 18x17

Sun Room

  • Level: Main
  • Area: 120
  • Dimensions: 8x15

Property

Accessibility

  • Accessibility features: No Stairs External,No Stairs Internal

Details

  • Parcel number: 741432086555
  • Attached to another structure: Yes
  • Zoning description: Residential-Single Family
  • Foundation area: 1632

Features

  • Levels: One
  • Stories: 1
  • Pool features: None
  • Patio & porch: Patio
  • Fencing: None

Lot

  • Lot size: 0.16 sqft
  • Lot size dimensions: 7111

Parking

  • Total spaces: 2
  • Parking features: Attached,Concrete
  • 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

  • Cold Wave
    Cold WaveVery High
  • Inland Flooding
    Inland FloodingRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

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

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 $2,118$25,416
Home Insurance *$239$2,868
Property Taxes $108$1,296
Electricity $170$2,050
Total$2,635$31,620
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$90,342/yr
40% on housing$79,050/yr
45% on housing$70,266/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

$257This listing

vs Other Active Listings

Avg $/sqft

ZIP 55901$149
Olmsted County$174

vs Homes Sold Last Month

Median $/sqft

ZIP 55901$175
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)

No zestimate history available

Price History

DateEventPrice
2026-03-11Price change$429,000
2025-11-14Price change$445,000
2025-09-10Price change$449,000
2025-06-12Price change$453,000
2025-02-28Listed for sale$459,000

New Construction

AgentMary DaRos
BrokerageEdina Realty, Inc.

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