5531 197th St W Unit 802 Farmington, MN 55024
2
Beds
1.5
Baths
1,418
Sq Ft
$370/mo
HOA Fee
Highlights
- Loft
- 2 Car Attached Garage
- Forced Air Heating and Cooling System
- Stainless Steel Appliances
- Patio
- 1-minute walk to Meadow View Park
About This Home
As of February 2025Welcome to this beautifully maintained townhome in Farmington, featuring two bedrooms, two bathrooms, and modern updates throughout. Nestled on a private street with only four homes, this quiet retreat offers a serene living experience with direct access to nearby parks, walking trails, and quick access to Pilot Knob Road for an easy commute. The clean, bright interior showcases neutral colors and a thoughtfully updated design. The large primary bedroom features a spacious walk-in closet, while the upstairs bathroom is equipped with dual sinks for added convenience. Recent updates include a new roof (May 2024), arepaved driveway (October 2022), and a new washer. The attached garage boasts an insulated door andupgraded lighting for added functionality and storage. With modern living, natural beauty, and a friendly community all in one place, this townhome is a true gem!
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $2,796
Year Built
- Built in 2005
HOA Fees
- $370 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Insulated Garage
- Garage Door Opener
Home Design
- Pitched Roof
Interior Spaces
- 1,418 Sq Ft Home
- 2-Story Property
- Living Room with Fireplace
- Loft
Kitchen
- Range
- Microwave
- Dishwasher
- Stainless Steel Appliances
Bedrooms and Bathrooms
- 2 Bedrooms
Laundry
- Dryer
- Washer
Additional Features
- Patio
- Forced Air Heating and Cooling System
Community Details
- Association fees include hazard insurance, lawn care, ground maintenance, professional mgmt, trash, sewer, snow removal
- First Residential Association, Phone Number (952) 277-2700
- Charleswood Crossing Subdivision
Listing and Financial Details
- Assessor Parcel Number 141660010802
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 17, 2024
Closed on
Feb 3, 2025
Sold by
Nowrang Nicholas and Durda Natalia
Bought by
Nelson Kathryn
Seller's Agent
Jason Huerkamp
Keller Williams Preferred Rlty
Buyer's Agent
Lisa Handley
RE/MAX Advantage Plus
List Price
$255,000
Sold Price
$255,000
Total Days on Market
45
Views
6
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$861
Avg. Annual Appreciation
0.94%
Original Mortgage
$199,700
Outstanding Balance
$199,353
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$56,508
Purchase Details
Closed on
Sep 28, 2018
Sold by
Olson Kelly M and Olson Nicholas E
Bought by
Drozd Vadim A and Drozd Elina
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,905
Interest Rate
4.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 22, 2007
Sold by
Centex Homes Minnesota Division
Bought by
Kocher Aaron J and Jaeger Kelly M
Similar Homes in Farmington, MN
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $255,000 | -- | |
| Warranty Deed | $179,900 | Titlesmart Inc | |
| Warranty Deed | $169,990 | -- | |
| Deed | $235,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $199,700 | New Conventional | |
| Previous Owner | $230,743 | FHA | |
| Previous Owner | $170,905 | New Conventional | |
| Previous Owner | $163,500 | New Conventional | |
| Closed | $232,800 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/03/2025 02/03/25 | Sold | $255,000 | 0.0% | $180 / Sq Ft |
| 01/03/2025 01/03/25 | Off Market | $255,000 | -- | -- |
| 12/19/2024 12/19/24 | For Sale | $255,000 | -- | $180 / Sq Ft |
Source: NorthstarMLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2023 | $2,796 | $242,500 | $52,400 | $190,100 |
| 2022 | $2,456 | $230,100 | $52,200 | $177,900 |
| 2021 | $2,420 | $189,700 | $45,400 | $144,300 |
| 2020 | $2,252 | $186,000 | $43,300 | $142,700 |
| 2019 | $2,071 | $169,400 | $41,200 | $128,200 |
| 2018 | $1,994 | $155,600 | $38,200 | $117,400 |
| 2017 | $1,793 | $147,200 | $35,300 | $111,900 |
| 2016 | $1,679 | $132,300 | $33,700 | $98,600 |
| 2015 | $1,341 | $96,830 | $25,270 | $71,560 |
| 2014 | -- | $81,897 | $21,954 | $59,943 |
| 2013 | -- | $71,651 | $18,648 | $53,003 |
Source: Public Records
Agents Affiliated with this Home
-
Jason Huerkamp
Seller's Agent in 2025
Jason Huerkamp
Keller Williams Preferred Rlty
(612) 314-6330
29 in this area
1,474 Total Sales
-
Dawn Peterson
Seller Co-Listing Agent in 2025
Dawn Peterson
Keller Williams Preferred Rlty
(952) 243-3585
4 in this area
52 Total Sales
-
Lisa Handley
Buyer's Agent in 2025
Lisa Handley
RE/MAX Advantage Plus
(612) 390-6520
11 in this area
251 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6638354
APN: 14-16600-10-802
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