NOT LISTED FOR SALE

408 Elm St Farmington, MN 55024

Estimated Value: $240,000 - $288,826

3 Beds
1 Bath
1,355 Sq Ft
$201/Sq Ft Est. Value

Last Sold March 05, 2024

Last sale price $252,500 $186 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $1,699/month

40 Days on Market

Highlights

  • No HOA
  • Forced Air Heating and Cooling System
  • Family Room
  • Living Room

About This Home

As of March 2024

Three bedroom one bath home nestled into downtown Farmington. This home has large living room, tiled kitchen and dining room floors, three bedrooms on one level and flex room that can have many uses. Outside lends to an oversized 1 car garage, storage shed and partially fenced back yard with alley access for additional parking. Call today for a showing!

Last Agent to Sell the Property

Eric Ruud

Top Notch Properties & Realty Services Listed on: 12/05/2023

Last Buyer's Agent

Jason Daley

Bridge Realty, LLC

Bridge Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,597

Year Built

  • Built in 1910

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 170x60

Parking

  • 1 Car Garage

Interior Spaces

  • 1,355 Sq Ft Home
  • 2-Story Property
  • Family Room
  • Living Room
  • Partial Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 147700024040

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,597

Year Built

Built in 1910

Lot Details

0

Parking

1

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 1
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1910
  • Above Grade Finished Sq Ft: 1355
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Partial
  • Living Area: 1355
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Family Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 3

Garage/Parking

  • Parking Features: Detached
  • Garage Square Feet: 432

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No

Schools

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

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 170x60
  • Lot Size Sq Ft: 10018.8
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding, Wood Siding

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 147700024040
  • Tax Annual Amount: 2597
  • TaxWithAssessments: 2854.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 5, 2023
Closed on
Mar 5, 2024
Sold by
Ruud Eric and Ruud Rebecca
Bought by
Thomas Austin
Seller's Agent
Eric Ruud
Top Notch Properties & Realty Services
Buyer's Agent
Jason Daley
Bridge Realty, LLC
List Price
$274,900
Sold Price
$252,500
Premium/Discount to List
-$22,400
-8.15%
Views
108
Current Estimated Value
$272,207

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,707
Avg. Annual Appreciation
6.37%
Original Mortgage
$212,500
Outstanding Balance
$209,152
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$68,210

Purchase Details

Closed on
Aug 30, 2004
Sold by
Edmison Daniel L and Edmison Sandra J
Bought by
Baker Ronald S and Baker Carolyn T
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 Buyer Sale Price Title Company
Thomas Austin $252,500 --
Baker Ronald S $170,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thomas Austin $212,500
Previous Owner Ruud Eric A $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/05/2024 03/05/24 Sold $252,500 -2.8% $186 / Sq Ft
01/15/2024 01/15/24 Pending -- -- --
01/02/2024 01/02/24 Price Changed $259,900 -1.9% $192 / Sq Ft
12/18/2023 12/18/23 Price Changed $264,900 -3.6% $195 / Sq Ft
12/05/2023 12/05/23 For Sale $274,900 -- $203 / 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 $2,740 $223,000 $51,300 $171,700
2023 $2,740 $225,000 $51,400 $173,600
2022 $3,008 $214,000 $51,300 $162,700
2021 $2,860 $191,700 $44,600 $147,100
2020 $2,860 $178,900 $42,000 $136,900
2019 $2,657 $170,700 $40,000 $130,700
2018 $2,625 $153,100 $38,100 $115,000
2017 $2,619 $145,200 $36,300 $108,900
2016 $2,512 $139,600 $34,600 $105,000
2015 $2,316 $128,200 $33,400 $94,800
2014 -- $121,800 $31,100 $90,700
2013 -- $110,000 $28,000 $82,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6463963

NorthstarMLS

APN: 14-77000-24-040