NOT LISTED FOR SALE

5305 198th St W Farmington, MN 55024

Estimated Value: $451,000 - $486,000

5 Beds
3.5 Baths
2,856 Sq Ft
$167/Sq Ft Est. Value

Last Sold September 05, 2024

Last sale price $460,000 $161 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,929/month

20 Days on Market

Highlights

  • 1 Fireplace
  • 3 Car Attached Garage
  • Forced Air Heating and Cooling System
  • No HOA
  • Brick Veneer

About This Home

As of September 2024

Welcome to a home that combines elegance with comfort through carefully selected features! Enjoy the cozy ambiance of a beautiful fireplace, perfect for relaxing evenings. The spacious kitchen with a convenient island provides ample counter and storage space, ideal for meal preparation. The primary bedroom offers tranquility, complemented by a roomy walk-in closet for all your wardrobe needs. The primary bathroom exudes luxury with double sinks, a separate tub, and a shower, akin to a spa-like retreat. Step outside to the inviting patio, perfect for relaxing or entertaining. Partial flooring replacement ensures a fresh feel throughout. Don't miss out on this rare find - a mature yet rejuvenated dream home, both impressive and welcoming! This home has been virtually staged to illustrate its potential.

Last Agent to Sell the Property

Amber Broadway

Opendoor Brokerage, LLC Listed on: 07/15/2024

Co-Listed By

Cory Schwalbe

Opendoor Brokerage, LLC

Last Buyer's Agent

Joseph Lawler

Minnesota Realty Company

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,126

Year Built

  • Built in 2002

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 72x139

Parking

  • 3 Car Attached Garage

Home Design

  • Brick Veneer
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • 1 Fireplace
  • Finished Basement

Bedrooms and Bathrooms

  • 5 Bedrooms

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • Vermillion Grove Subdivision

Listing and Financial Details

  • Assessor Parcel Number 148250002040

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,126

Year Built

Built in 2002

Lot Details

0

Parking

3

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 3
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: City Water/Connected
  • Year Built: 2002
  • Above Grade Finished Sq Ft: 1896
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Finished
  • Living Area: 2856
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 960
  • Basement YN: Yes

Beds/Baths

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5

Garage/Parking

  • Parking Features: Attached Garage

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

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

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 72x139
  • Lot Size Sq Ft: 10018.8
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick Veneer, Vinyl Siding

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 148250002040
  • Tax Annual Amount: 5126
  • TaxWithAssessments: 5126.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2024
Closed on
Sep 3, 2024
Sold by
Opendoor Property J Llc
Bought by
Albrecht Melissa and Albrecht Lance
Seller's Agent
Amber Broadway
Opendoor Brokerage, LLC
Buyer's Agent
Joseph Lawler
Minnesota Realty Company
List Price
$466,000
Sold Price
$460,000
Premium/Discount to List
-$6,000
-1.29%
Views
15
Current Estimated Value
$475,653

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,653
Avg. Annual Appreciation
2.95%
Original Mortgage
$460,000
Interest Rate
6.77%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 27, 2024
Closed on
Jun 27, 2024
Sold by
Lorenzana Raul and Lorenzana Michelle
Bought by
Opendoor Property J Llc A Delaware Limi
Seller's Agent
Rick Thram
Edina Realty, Inc.
Buyer's Agent
Amber Broadway
Opendoor Brokerage, LLC
List Price
$455,000
Sold Price
$455,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.92%

Purchase Details

Closed on
Mar 14, 2003
Sold by
Brand/Anderson Homes Inc
Bought by
Lorenzana Raul and Lorenzana Michelle L

Purchase Details

Closed on
Jul 22, 2002
Sold by
The Rottlund Company Inc
Bought by
Brandl/Anderson Homes Inc
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
Albrecht Melissa $460,000 Fidelity National Title
Albrecht Melissa $460,000 --
Opendoor Property J Llc A Delaware Limi $455,000 --
Lorenzana Raul $289,850 --
Brandl/Anderson Homes Inc $1,073,504 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Albrecht Melissa $460,000
Previous Owner Albrecht Melissa $437,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/05/2024 09/05/24 Sold $460,000 -1.3% $161 / Sq Ft
08/05/2024 08/05/24 Pending -- -- --
07/15/2024 07/15/24 For Sale $466,000 +2.4% $163 / Sq Ft
06/27/2024 06/27/24 Sold $455,000 0.0% $157 / Sq Ft View Prior Sale
06/27/2024 06/27/24 Pending -- -- --
06/27/2024 06/27/24 For Sale $455,000 -- $157 / 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 $5,126 $404,400 $108,200 $296,200
2023 $5,126 $420,900 $108,400 $312,500
2022 $4,640 $406,400 $108,200 $298,200
2021 $4,758 $331,500 $94,000 $237,500
2020 $4,620 $336,600 $89,500 $247,100
2019 $4,758 $315,800 $85,200 $230,600
2018 $4,437 $318,300 $81,200 $237,100
2017 $4,310 $290,200 $77,300 $212,900
2016 $4,288 $275,200 $73,600 $201,600
2015 $3,830 $253,354 $67,567 $185,787
2014 -- $238,639 $62,418 $176,221
2013 -- $212,697 $55,192 $157,505
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6569328

NorthstarMLS

APN: 14-82500-02-040