5 Walden Place - Photo 1
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5 Walden Place
5 Walden Place
5 Walden Place
5 Walden Place
5 Walden Place

5 Walden Place, Northfield, MN 55057 - MLS# 7091212

MLS® #: 7091212|Days on Market: 129|Listed: Jun 15, 2026

$555,000

$599,000↓ 7.3%
Bedrooms
3
Bathrooms
4
Square Feet
2,064
Acres
0.817
Year Built
1939
Property Type
Residential
Heating
Natural Gas, Forced Air, Fireplace(s)
Cooling
Central Air
Garages
1
Days on Market
129
School District
659 - Northfield

Motivated Seller! Nestled on nearly an acre of beautifully landscaped gardens and private grounds in the wooded foothills of St. Olaf College, this one-of-a-kind cottage offers over 3 bedrooms and 4 baths, blending timeless charm with understated elegance.

From the moment you arrive, you'll be captivated by the warmth and character that fill every room. Step into the sunlit living room featuring gorgeous wood floors and one of two wood-burning fireplaces. Charming sliding barn doors lead to the spacious owner's suite, complete with a private three-quarter en-suite bath. The inviting dining room showcases built-in display cabinets and French doors that open to a fabulous screened porch—perfect for enjoying Minnesota's beautiful summer and fall seasons. From the porch, step outside to a spacious paver patio surrounded by lush gardens and peaceful natural views.

The upper level features two unique bedrooms and two full baths. One bedroom offers wood floors, a second wood-burning fireplace, and an in-room clawfoot tub with shower, creating a truly memorable retreat. The second bedroom features a private Juliet Balcony, the perfect place to enjoy your morning coffee while taking in the sights and fragrances of the surrounding gardens.

The walkout lower level provides flexible space that could serve as a fourth bedroom, home office, guest suite, or hobby room.

Until recently, this stunning property operated as a successful bed-and-breakfast known as "The Contented Cottage"—a name that perfectly reflects the comfort, character, and charm found throughout the home. Lovingly maintained and thoughtfully updated over the years, recent improvements include a new roof and gutters in 2026.

Enjoy the best of both worlds with a peaceful country setting and the convenience of City of Northfield utilities, all within an excellent commuter location. And if you've ever dreamed of keeping a few chickens, the coop is already in place and waiting for its next owners.

5 Walden Place, Northfield, MN 55057

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Interior Information

BasementBlock, Daylight/Lookout Windows, Partial, Partially Finished, Walkout
AppliancesDishwasher, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Washer, Water Softener Owned
CoolingCentral Air
HeatingForced Air, Fireplace(s)
FuelNatural Gas
Fireplaces2
Fireplace FeaturesLiving Room, Other, Wood Burning
LaundryIn Basement
Dining RoomSeparate/Formal Dining Room
ElectricCircuit Breakers

Size & Levels

LevelsTwo
Total Finished Sq Ft2,567 sq ft
Above Grade Finished1,800 sq ft
Below Grade Finished264 sq ft
Main Level Finished1,044 sq ft

Bathrooms

Full Baths2
3/4 Baths2
Bathroom Details3/4 Primary, Bathroom Ensuite, Private Primary, Main Floor 3/4 Bath, Upper Level Full Bath

Rooms

Main Level Rooms

Living Room12' x 22'
Dining Room9'5" x 12'
Kitchen6' x 12'
Bedroom16' x 15'
Screened Porch13'8" x 18'5"
Patio8'2" x 14'

Upper Level Rooms

Bedroom 212' x 18'
Bedroom 310'6" x 12'

Basement Level Rooms

Den15' x 12'

Exterior & Parking

ExteriorStone, Wood
ConstructionFrame
RoofAge 8 Years or Less
FoundationBlock
Patio / PorchDeck, Patio, Screened
Garage Stalls1
ParkingTuckunder Garage

Lot & Utilities

Property SubtypeSingle Family
Lot Size0.817 acres
Lot Dimensions165 X 209
Lot DescriptionIrregular Lot, Tree Coverage - Medium
ZoningResidential-Single Family
TownshipNorthfield
CountyRice
SewerCity Sewer/Connected
WaterCity Water/Connected
Road FrontageCounty Road, Paved Streets
Other StructuresChicken Coop/Barn
Power CompanyXcel Energy

Financial & Tax Information

Annual Taxes$7,430
Tax Year2026
Tax w/ Assessments$7,430
Assessment PendingNo
Parcel Number2235475007
Financing OptionsConventional, Cash
Assumable MortgageNot Assumable
List TypeExclusive Right To Sell

Location

Call 612-356-2121For Showings and Questions

Neighborhood at a Glance

In this neighborhood, homes were most commonly built in 2000-2009, about 82% of occupied homes are owner-occupied, and the average commute is 15 minutes.

Cost of Ownership

Median home value

$300,000

Lower than the Northfield median

The midpoint of estimated values for owner-occupied homes.

Median property taxes paid

$3,736/yr

Lower than the Northfield median

The midpoint of annual property taxes paid by homeowners.

Typical monthly owner costs (with mortgage)

$1,928/mo

Lower than the Northfield median

Median monthly housing costs for owners with a mortgage.

Typical monthly owner costs (no mortgage)

$718/mo

Lower than the Northfield median

Median monthly housing costs for owners without a mortgage.

Median rent

$1,099/mo

Similar to the Northfield median

The midpoint of monthly gross rent, including utilities.

Homes in the Area

Owner-occupied homes

82%

Higher than Northfield overall

The share of occupied homes lived in by their owners.

Median year built

1987

Similar to the Northfield median

The midpoint of years when homes in the area were built.

Home age by decade

The share of homes built during each period.

  • 2010-201913%
  • 2000-200922%
  • 1990-199912%
  • 1980-19898%
  • 1970-197915%
  • 1960-19698%
  • 1950-19597%
  • 1939 or earlier11%

Types of homes

The share of housing units in each building type.

  • Single-family detached60%
  • Townhome / attached18%
  • 5+ units19%

Getting Around

Average commute

15 min

Lower than the Northfield median

The average one-way travel time to work for commuters.

How people get to work

The share of workers using each listed way to get to work.

  • Drive alone35%
  • Carpool5%
  • Walk or bike40%
  • Work from home19%

Homes with broadband

91%

Similar than Northfield overall

The share of households with a broadband internet subscription.

Estimates for the surrounding census tract, not this specific home.

Source: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Schools

Northfield Public School District

This home is in the Greenvale Park Elementary, Northfield Middle and Northfield Senior High attendance areas of Northfield Public School District.

Elementary

Greenvale Park Elementary

Grades PK-5 · 1.1 mi away

Enrollment
488
Students per teacher
11.9

500 Lincoln Pkwy, Northfield, MN 55057

(507) 645-3500

Middle

Northfield Middle

Grades 6-8 · 1.8 mi away

Enrollment
845
Students per teacher
19.2

2200 Division St S, Northfield, MN 55057

(507) 663-0650

High

Northfield Senior High

Grades 9-12 · 1.3 mi away

Enrollment
1,283
Students per teacher
21

1400 Division St S, Northfield, MN 55057

(507) 663-0630

School assignments can change. Verify enrollment with Northfield Public School District.

Sources: Minnesota Department of Education attendance areas (2025-26); NCES Common Core of Data 2024 via the Urban Institute Education Data Portal.

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Listed by: Edina Realty, Inc.
Source: NorthstarMLS

Copyright 2026 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Pederson Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.