Sara Payne and Erik Wardenaar have spent much of the past decade meticulously restoring an Italianate-style house that one of Northfield’s founding families built.
Now there’s just one item left on their to-do list.
“What’s not done yet is finding the next stewards of this house,” Payne said.
All in all, it took years to research the history of the John and Sarah Way House, update or replace virtually every system and carefully document the entire process. The couple recently listed the 142-year-old house for $748,000, making it one of the oldest — and most expensive — houses for sale in the Norman Rockwell-esque Minnesota town.
Though the Way House is one-of-a-kind, buyers now have more options in Northfield, which is about an hour’s drive south of the Twin Cities. Thirty-five new listings appeared in June — nearly twice as many as the same time last year.
And sales have been brisk. During the first half of the year, there have been 105 closings in Northfield, 15% more than last year, according to the St. Paul Area Association of Realtors.
Yet the median price of those sales in June was $351,000, a 7% decline compared to a year prior and well below the 16-county metro median of $401,000. (Only a portion of Northfield is technically within the metro area.)
On average, it took 49 days to sell a house in Northfield. Payne and Wardenaar listed the Way House in early July.