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741 9th St SW, Pine Island, MN, 55963

4beds
3baths
2,510sqft
$394,900
$157price/sqft
$2,973/moest. monthly cost
$118,920/yrincome needed

About This Home

Large ranch style home in a young established neighborhood, features include Trex decking, all appliances, 4 bedrooms, 3 full baths, large kitchen with center island, nice storage in the lower level, well maintained.

Getting Around

5
WalkingCar-Dependent
0
TransitVery Limited Transit
16
BikeSomewhat Bikeable

Schools

6/10
8/10
Pine Island SecondaryGrades 9-121.0 mi
7/10

Construction

Condition

  • Year built: 2001

Materials

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

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Dryer,Gas Water Heater,Range,Refrigerator,Washer,Water Softener Owned
  • Laundry features: Laundry Room,Main Level

Basement

  • Has basement: Yes
  • Basement: Finished

Bathroom

  • Level: Main

Bathroom

  • Level: Main

Bathroom

  • Level: Lower

Bedroom

  • Level: Main

Bedroom2

  • Level: Main

Bedroom3

  • Level: Lower

Bedroom4

  • Level: Lower

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 3

Family Room

  • Level: Lower

Features

  • Finished area below ground: 1,190
  • Finished area above ground: 1,320

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Heat Pump

Interior Area

  • Total structure area: 2,640
  • Total interior livable area: 2,510 sqft

Kitchen

  • Level: Main

Living Room

  • Level: Main

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 850611060386
  • Zoning description: Residential-Single Family
  • Foundation area: 1320

Features

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

Lot

  • Lot size: 10,454 sqft
  • Features: Tree Coverage - Medium
  • Lot size dimensions: 80 x 135

Parking

  • Total spaces: 3
  • Parking features: Attached
  • 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 WaveRelatively High
  • Tornado
    TornadoRelatively High
  • Hail
    HailModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Tornado
Hail
Strong Wind
Winter Weather

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 $1,996$23,952
Home Insurance *$218$2,616
Property Taxes $548$6,576
Electricity $211$2,540
Total$2,973$35,676
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$101,931/yr
40% on housing$89,190/yr
45% on housing$79,280/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

$157This listing

vs Other Active Listings

Avg $/sqft

ZIP 55963$188
Olmsted County$175

vs Homes Sold Last Month

Median $/sqft

ZIP 55963$170
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
2026-07-20Listed for sale$394,900

For Sale by Agent

AgentCharles Steele
BrokerageEdina Realty, Inc.

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