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    • Price cut: $39.9K (6/3)
    $710,000

    40698 Chestnut Rd, Lanesboro, MN 55949

    3beds
    2,324sqft
    : 
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    Single Family
    Built in 2006
    22.54 Acres Lot
    $679,200 Zestimate®
    $306/sqft
    $-- HOA

    What's special

    Escape to the beauty of the bluff country with this stunning hobby farm nestled halfway between Rushford and Lanesboro. This Amish-built home was thoughtfully updated in 2021, blending timeless craftsmanship with modern comfort to create a truly inviting space. Step inside to a spacious, open-concept main living area designed with entertaining in mind. The seamless flow between the kitchen, dining, and living room creates the perfect gathering place whether you're hosting holidays, family dinners, or simply enjoying the peaceful surroundings. Outside, the property is fully equipped for hobby farming, equestrian use, or small business potential. The barn features a horse stall, tack room, and water access, while the impressive 70x120 pole shed offers both water and electricity ideal for equipment storage, workshops, or expanded operations. An additional insulated shed with electricity provides even more flexibility. For those with a green thumb or year-round growing ambitions, the greenhouse is a standout feature, complete with gas heat and a water hydrant. Two additional smaller sheds round out the outbuildings, offering ample storage and versatility. Surrounded by the rolling hills and natural beauty of southeastern Minnesota, this property offers the perfect balance of rural tranquility and functional living. Whether you're dreaming of horses, gardening, or simply space to breathe, this hobby farm is ready to bring your vision to life.
    61 days
    |
    1,150
    |
    50
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Camille Hanson 507-313-3885,

    Edina Realty, Inc.

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7055574MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 1
      • 3/4 bathrooms: 2
      Bedroom
      • Level: Upper
      • Area: 140 Square Feet
      • Dimensions: 10x14
      Bedroom 2
      • Level: Upper
      • Area: 110 Square Feet
      • Dimensions: 10x11
      Bedroom 3
      • Level: Main
      • Area: 156 Square Feet
      • Dimensions: 12x13
      Bathroom
      • Level: Upper
      • Area: 55 Square Feet
      • Dimensions: 5x11
      Bathroom
      • Level: Main
      • Area: 45 Square Feet
      • Dimensions: 5x9
      Family room
      • Level: Main
      • Area: 240 Square Feet
      • Dimensions: 15x16
      Kitchen
      • Level: Upper
      • Area: 392 Square Feet
      • Dimensions: 14x28
      Laundry
      • Level: Main
      • Area: 130 Square Feet
      • Dimensions: 10x13
      Living room
      • Level: Upper
      • Area: 392 Square Feet
      • Dimensions: 14x28
      Other
      • Level: Main
      • Area: 84 Square Feet
      • Dimensions: 6x14
      Heating
      • Forced Air, Fireplace(s)
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Dryer, ENERGY STAR Qualified Appliances, Humidifier, Gas Water Heater, Range, Refrigerator, Stainless Steel Appliance(s), Washer, Water Softener Owned
      Features
      • Basement: Block,Finished,Full
      • Number of fireplaces: 1
      • Fireplace features: Double Sided, Electric
      Interior area
      • Total structure area: 2,688
      • Total interior livable area: 2,324 sqft
      • Finished area above ground: 2,324
      • Finished area below ground: 0
      Video & virtual tour

      Property

      Parking
      • Total spaces: 1
      • Parking features: Attached, Garage Door Opener, Gravel, Insulated Garage, Other
      • Attached garage spaces: 1
      • Has uncovered spaces: Yes
      Accessibility
      • Accessibility features: None
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Composite Decking, Covered, Deck, Wrap Around
      • Pool features: None
      • Fencing: Electric,Full,Wood
      Lot
      • Size: 22.54 Acres
      • Features: Suitable for Horses, Tillable
      Details
      • Additional structures: Barn(s), Greenhouse, Hog House, Lean-To, Shed(s), Pole Building, Stable(s)
      • Foundation area: 1344
      • Parcel number: 040264020
      • Zoning description: Residential-Single Family
      • Horse amenities: Tack Room

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family
      Materials
      • Block
      • Roof: Age 8 Years or Less
      Condition
      • New construction: No
      • Year built: 2006

      Utilities & green energy

      • Electric: 150 Amp Service
      • Gas: Propane
      • Sewer: Septic System Compliant - Yes
      • Water: Well

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Lanesboro

      Financial & listing details

      • Price per square foot: $306/sqft
      • Tax assessed value: $359,600
      • Annual tax amount: $1,198
      • Date on market: 5/14/2026

        Estimated market value

        $679,200

        $645,000 - $713,000

        $3,050/mo

        Price history

        DateEventPrice
        6/3/2026Price change$710,000-5.3%$306/sqft
        Source: NorthstarMLS as distributed by MLS GRID #7055574 Report a problem
        5/16/2026Listed for sale$749,900+294.7%$323/sqft
        Source: NorthstarMLS as distributed by MLS GRID #7055574 Report a problem
        9/2/2020Sold$190,000+18.8%$82/sqft
        Source: Public Record Report a problem
        1/23/2017Sold$160,000+6.7%$69/sqft
        Source: Public Record Report a problem
        12/21/2012Sold$150,000$65/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,628 +6.8%$328,539 +6%
        2024$1,525 +19.4%$309,833 +9.3%
        2023$1,277 +48.9%$283,600 +11.5%
        2022$858 $254,400 +5%
        2021-- $242,300 +7.9%
        2020$684 -61%$224,500 +6.9%
        2019$1,754 +237.3%$210,100
        2018$520 $210,100 +10.3%
        2017$520 $190,400 +3.9%
        2016$520 $183,200 +0.5%
        2015$520 $182,300 -0.4%
        2014$520 $183,000 +19.6%
        2013$520 -13%$153,000 +6.8%
        2012$598 $143,200
        2011-- --
        2010-- --
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 55949

        Getting around

        0 / 100
        Car-Dependent
        1 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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