$650,000
SOLD NOV 26, 2024

2278 240th St W Farmington, MN 55024

3 Beds
2 Baths
2,240 Sq Ft
12.01 Acres

Recently Sold

$290 Per Sq Ft

3% Below List Price

28 Days on Market

Highlights

  • Multiple Garages
  • No HOA
  • 2 Car Attached Garage
  • 1 Fireplace

About This Home

As of November 2024

Quintessential farm house on a pristine 12 acre hobby farm on paved road. Includes 40x70 pole shed with concrete floor, historic barn and silo, two additional outbuildings, all with steel roofs and siding. Main level in this traditional 2-story farmhouse includes kitchen, multi-purpose bonus room with laundry, living room with gas fireplace, formal dining room, office, full bath, three-season porch and mudroom off garage. Upper level to loft, three large bedrooms and 3/4 bath is accessed via open stairway. Exterior features include 24x26 attached garage, paved drive, 700 sq. ft. deck and covered front porch. Bring your horses, cattle, toys or just the willingness to enjoy all that this property has to offer!

Last Agent to Sell the Property

Eric Ruud

Top Notch Properties & Realty Services Listed on: 10/04/2024

Last Buyer's Agent

Jeffrey Nivala, Jr.

Level-One Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,486

Year Built

  • Built in 1900

Lot Details

  • 12.01 Acre Lot
  • Lot Dimensions are 331x1287
  • Additional Parcels

Parking

  • 2 Car Attached Garage
  • Multiple Garages

Interior Spaces

  • 2,240 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace
  • Unfinished Basement
  • Partial Basement

Bedrooms and Bathrooms

  • 3 Bedrooms

Utilities

  • Boiler Heating System
  • Propane
  • Well

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 070160026011

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,486

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Ductless Mini-Split
  • Garage Spaces: 2
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: Well
  • Year Built: 1900
  • Above Grade Finished Sq Ft: 2240
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Partial, Unfinished
  • Fireplace Features: Gas
  • Living Area: 2240
  • Fireplace: Yes
  • Basement YN: Yes

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Three Quarter Bathrooms: 1

Exterior Features

  • Other Structures: Additional Garage, Barn(s), Pole Building, Silo
  • PatioPorchType: Covered,Deck,Porch,Rear Porch
  • Farm Type: Hobby,Wooded/Hunting

Garage/Parking

  • Parking Features: Attached Garage, Asphalt, Multiple Garages
  • Garage Square Feet: 624

Utilities

  • Heating: Boiler, Ductless Mini-Split
  • Sewer: Private Sewer
  • Fuel: Propane

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Farmington
  • SchoolDistrictNumber: 192
  • SchoolDistrictPhone: 651-463-5000

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 331x1287
  • Lot Size Sq Ft: 523155.6
  • Land Lease: No
  • Additional Parcels Description: 070160026012
  • Additional Parcels: Yes
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly
  • Crop Type: Other

Building Info

  • Construction Materials: Wood Siding

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 070160026011
  • Tax Annual Amount: 3486
  • TaxWithAssessments: 3486.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2024
Closed on
Nov 26, 2024
Sold by
Roger G Randall Trust Agreement Dated D
Bought by
Leatherman Sue
Seller's Agent
Eric Ruud
Top Notch Properties & Realty Services
Buyer's Agent
Jeffrey Nivala, Jr.
Level-One Realty
List Price
$669,900
Sold Price
$650,000
Premium/Discount to List
-$19,900
-2.97%
Views
78
Current Estimated Value
$657,370

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,370
Avg. Annual Appreciation
1.26%
Original Mortgage
$370,000
Outstanding Balance
$366,816
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$290,554
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $650,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $370,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/26/2024 11/26/24 Sold $650,000 -3.0% $290 / Sq Ft
11/01/2024 11/01/24 Pending -- -- --
10/26/2024 10/26/24 For Sale $669,900 +3.1% $299 / Sq Ft
10/26/2024 10/26/24 Off Market $650,000 -- --
10/04/2024 10/04/24 For Sale $669,900 -- $299 / Sq Ft
Source: NorthstarMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,414 $400,300 $117,100 $283,200
2023 $3,414 $402,700 $126,300 $276,400
2022 $3,024 $376,000 $125,300 $250,700
2021 $3,050 $302,700 $104,400 $198,300
2020 $2,978 $298,100 $104,400 $193,700
2019 $3,347 $279,300 $99,400 $179,900
2018 $3,151 $310,500 $120,500 $190,000
2017 $3,070 $286,900 $109,600 $177,300
2016 $3,261 $273,300 $109,600 $163,700
2015 $3,083 $267,302 $105,118 $162,184
2014 -- $277,198 $105,562 $171,636
2013 -- $221,687 $93,243 $128,444
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6613307

NorthstarMLS

APN: 07-01600-26-011