NOT LISTED FOR SALE

4508 198th St W Farmington, MN 55024

Estimated Value: $520,000 - $557,000

4 Beds
3 Baths
2,528 Sq Ft
$212/Sq Ft Est. Value

Last Sold August 12, 2013

Last sale price $314,000 $124 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $3,345/month

125 Days on Market

Highlights

  • 75 Feet of Waterfront
  • Deck
  • Wood Flooring
  • Under Construction
  • Vaulted Ceiling
  • 3 Car Attached Garage

About This Home

As of August 2013

Other Lots and Plans avail. Starting new bld. next door to Model. Amenities: Hardwd flrs, ceramic tile, walk-in pantry, stainless appliance. pkg, high eff. furnace & air cond, granite kit. countertops w/ under-mount sink. Choose selections.

Last Agent to Sell the Property

Cathryn Kennedy

Real Estate Masters, Ltd. Listed on: 04/09/2013

Last Buyer's Agent

Scotti Ringley

Keller Williams Premier Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,056

Year Built

  • Built in 2013 | Under Construction

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 75x135
  • 75 Feet of Waterfront
  • Lake Front

Home Design

  • Bi-Level Home
  • Brick Exterior Construction
  • Asphalt Shingled Roof

Interior Spaces

  • Woodwork
  • Vaulted Ceiling
  • Gas Fireplace
  • Combination Kitchen and Dining Room
  • Washer and Dryer Hookup

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Bathroom on Main Level

Finished Basement

  • Walk-Out Basement
  • Sump Pump

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Driveway

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Furnace Humidifier

Community Details

Listing and Financial Details

  • Assessor Parcel Number 145125006500

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,056

Year Built

Built in 2013 | Under Construction

Lot Details

0

Listing Details

  • Type: Single Family
  • Class: SINGLE FAMILY
  • Classification: NonHomestead
  • Amenities: Garage Door Opener, Hardwood Floors, Natural Woodwork, Tiled Floors, Vaulted Ceilings, Walk-In Closet, Washer/Dryer Hookups
  • Amenities Exterior: Deck, Driveway - Asphalt
  • Estimated Number of Acres: 0.23
  • Construction: Under Construction-Spec Home
  • Foundation Size: 1432
  • Mechanicals: Furnace Humidifier
  • New Development: Yes
  • Parcel Number: 145125006500
  • Projected Closed Date: 08/12/2013
  • Stories: Bi-Level Split
  • Taxes With Assessments: 2056
  • Comp Dev Subdiv Name: Mystic Meadows
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Dining Room: Combine with Kitchen, Informal Dining Room
  • Fireplace: Yes
  • Fireplace Type: Gas
  • Appliances: Dishwasher, Disposal, Microwave, Range/Stove, Refrigerator
  • Total Bedrooms: 4
  • Bathroom Description: 3/4 Basement, 3/4 Master, Main Floor 3/4 Bath, Main Floor Full Bath, Private Master
  • Total Bathrooms: 3
  • Three Quarter Bathrooms: 2
  • Full Bathrooms: 1
  • Total Bathrooms: 3
  • Room 1: Living Room, 16x15, On Level: Main
  • Room 2: Dining Room, 15x10, On Level: Main
  • Room 3: Family Room, 28x22, On Level: Lower
  • Room 4: Kitchen, 15x10, On Level: Main
  • Room 5: Bedroom, 15x10, On Level: Main
  • Room 6: Bedroom, 14.6x14.6, On Level: Main
  • Room 7: 13.6x11, On Level: Lower
  • Room 8: Bedroom, 13x12, On Level: Lower
  • Room 9: Foyer, 14x7, On Level: Main
  • Room 10: Pantry, 6.6x3, On Level: Main
  • Room 11: Laundry Room, 12x6.6, On Level: Main
  • Room 12: Deck, 12x12, On Level: Main
  • Room 13: Storage Room, 14x8, On Level: Lower
  • Basement Features: Finished, Sump Pump, Walkout
  • Basement Style: Walk-out
  • Finished Above Grade Sq Ft: 1432
  • Below Grade Finished Sq Ft: 1096
  • Total Fin Square Footage: 2528

Exterior Features

  • Frontage Road: City, Curb/Gutters, Paved, Sidewalk
  • LakeAcres: 20
  • Waterfront Name: Ann
  • Exterior: Brick
  • Roof: Asphalt Shingles
  • Waterfront: Yes
  • Water Frontage: 75
  • Waterfront Description: Lake

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 3

Utilities

  • Cooling: Central
  • Fuel: Natural Gas
  • Heat: Forced Air
  • Sewer: City
  • Water: City

Schools

  • School District: Farmington #192

Lot Info

  • Estimated Lot Dimensions: 75x135

Building Info

  • Year Built: 2013

Multi Family

  • Total Units Available: 2

Tax Info

  • Year: 2013
  • Tax Value: 2056

MLS Schools

  • School District: Farmington #192

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 12, 2025
Sold by
Peterson Jeromy L and Peterson Kristin R
Bought by
Peterson Family Trust and Peterson
Current Estimated Value
$534,726

Purchase Details

Listed on
Apr 9, 2013
Closed on
Aug 12, 2013
Sold by
Eternity Homes Llc
Bought by
Peterson Jeromy L and Peterson Kristin R
Seller's Agent
Cathryn Kennedy
Real Estate Masters, Ltd.
Buyer's Agent
Scotti Ringley
Keller Williams Premier Realty
List Price
$299,900
Sold Price
$314,000
Premium/Discount to List
$14,100
4.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.46%
Original Mortgage
$320,750
Interest Rate
4.25%
Mortgage Type
VA
Source: Public Records

Range of Values:

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Average Value
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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
Peterson Family Trust $500 None Listed On Document
Peterson Jeromy L $314,000 Title Recording Services
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Peterson Jeromy L $320,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/12/2013 08/12/13 Sold $314,000 +4.7% $124 / Sq Ft
07/13/2013 07/13/13 Pending -- -- --
04/09/2013 04/09/13 For Sale $299,900 -- $119 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

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 $6,224 $501,800 $141,400 $360,400
2023 $6,224 $509,100 $141,700 $367,400
2022 $5,930 $487,700 $141,300 $346,400
2021 $5,922 $415,500 $134,200 $281,300
2020 $5,816 $411,700 $127,800 $283,900
2019 $5,891 $389,700 $121,800 $267,900
2018 $5,620 $386,900 $115,900 $271,000
2017 $5,527 $359,500 $110,400 $249,100
2016 $5,687 $344,300 $105,100 $239,200
2015 $5,066 $337,284 $99,634 $237,650
2014 -- $316,356 $92,254 $224,102
2013 -- $41,880 $41,880 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2013

    Cathryn Kennedy

    Real Estate Masters, Ltd.

  • S

    Buyer's Agent in 2013

    Scotti Ringley

    Keller Williams Premier Realty

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4460481

REALTOR® Association of Southern Minnesota

APN: 14-51250-06-500

Minnesota Dakota County Farmington 55024

4508 198th St W, Farmington, MN

This home is located at 4508 198th St W, Farmington, MN 55024 since 09 April 2013 and is currently estimated at $534,726, approximately $211 per square foot. This property was built in 2013. 4508 198th St W is a home located in Dakota County with nearby schools including Riverview Elementary School, Robert Boeckman Middle School, and Farmington High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

REALTOR® Association of Southern Minnesota IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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