NOT LISTED FOR SALE

4572 198th St W Farmington, MN 55024

Estimated Value: $513,000 - $620,000

0 Acre
-- Price per Acre
0 Sq Ft Lot

Last Sold July 11, 2012

Last sale price $60,350

Est. 874% increase in value since last sale

Current estimated payment $3,681/month

902 Days on Market

About This Lot

As of July 2012

Very Nice lots for sale in Mystic Meadows in Farmington, bring your own builder or use ours

Last Agent to Sell the Property

Tom Lawrence

Performance Plus Real Estate Listed on: 11/07/2009

Last Buyer's Agent

John Skjerping

ArtCraft Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,186

Lot Details

  • Level Lot
  • Finished Lot(s)

Farming

  • Agricultural

Utilities

  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 145125006290

Property Details

Property Type

Land

Est. Annual Taxes

$7,186

Lot Details

0

Listing Details

  • Class: Lot/Land
  • Classification: Nonhomestead
  • Sub Type: Agriculture
  • Parcel Number: 145125006290
  • Development Status: Finished Lot
  • Land Improvements: Curbs/Gutters, Paved
  • Topography: Level
  • Special Features: None
  • Property Sub Type: LotsLands

Utilities

  • On Site Utilities: Cable Tv, City Water, Electric, Natural Gas, Telephone

Lot Info

  • Lot/Land Description: Paved Streets

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 1, 2020
Sold by
Johnson Timothy Loring and Johnson Margaret Mary
Bought by
Lybeck Thomas J and Lybeck Lisa K
Current Estimated Value
$587,595

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Outstanding Balance
$213,859
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$373,736

Purchase Details

Closed on
Jun 19, 2019
Sold by
Lovell Larry S and Lovell Teresa C
Bought by
Johnson Timothy Loring and Johnson Margaret Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 7, 2009
Closed on
Jul 11, 2012
Sold by
William Huttner Construction Inc
Bought by
Hoagland Farmers Inc
Seller's Agent
Tom Lawrence
Performance Plus Real Estate
Buyer's Agent
John Skjerping
ArtCraft Realty
List Price
$80,350
Sold Price
$60,350
Premium/Discount to List
-$20,000
-24.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.66%

Purchase Details

Closed on
Feb 8, 2006
Sold by
Giles Properties Inc
Bought by
William Huttner Construction Inc
Source: Public Records

Range of Values:

Collateral Analytics

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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
Lybeck Thomas J $510,000 Quality Title Of Willmar Inc
Johnson Timothy Loring $404,000 Quality Title Of Willmar
Hoagland Farmers Inc $60,351 Bankers Title Llc
William Huttner Construction Inc $789,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lybeck Thomas J $308,000
Previous Owner Johnson Timothy Loring $274,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/11/2012 07/11/12 Sold $60,350 -24.9% --
04/27/2012 04/27/12 Pending -- -- --
11/07/2009 11/07/09 For Sale $80,350 -- --
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 $7,186 $586,100 $141,400 $444,700
2023 $7,186 $574,400 $141,700 $432,700
2022 $6,260 $552,700 $141,300 $411,400
2021 $6,208 $438,600 $125,600 $313,000
2020 $6,134 $431,400 $119,600 $311,800
2019 $6,020 $409,300 $113,900 $295,400
2018 $5,868 $394,700 $108,500 $286,200
2017 $4,970 $374,000 $103,300 $270,700
2016 $5,223 $312,600 $98,300 $214,300
2015 $4,636 $309,489 $92,818 $216,671
2014 -- $289,324 $85,754 $203,570
2013 -- $98,792 $63,249 $35,543
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2012

    Tom Lawrence

    Performance Plus Real Estate

  • J

    Buyer's Agent in 2012

    John Skjerping

    ArtCraft Realty

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 3517413

REALTOR® Association of Southern Minnesota

APN: 14-51250-06-290

Minnesota Dakota County Farmington 55024

4572 198th St W, Farmington, MN

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