NOT LISTED FOR SALE

704 7th St Farmington, MN 55024

Estimated Value: $314,701 - $350,000

3 Beds
2 Baths
1,025 Sq Ft
$325/Sq Ft Est. Value

About This Home

This home is located at 704 7th St, Farmington, MN 55024 and is currently estimated at $332,925, approximately $324 per square foot. 704 7th St is a home located in Dakota County with nearby schools including Farmington Elementary School, Robert Boeckman Middle School, and Farmington High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 20, 2018
Sold by
Melby Allan Edward and Melby Darla
Bought by
Schmidt Matthew J
Current Estimated Value
$332,925

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,500
Outstanding Balance
$205,398
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$127,527

Purchase Details

Closed on
May 2, 1997
Sold by
Estate Of Ronald O Gilbertson
Bought by
Melby Allan and Cohoon Pamela A
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Schmidt Matthew J $250,000 First American Title Insuran
Melby Allan $111,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schmidt Matthew J $237,500
Source: Public Records

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 $3,250 $278,500 $60,700 $217,800
2023 $3,250 $277,200 $60,800 $216,400
2022 $3,260 $272,000 $60,700 $211,300
2021 $3,048 $241,900 $52,700 $189,200
2020 $2,860 $226,500 $53,400 $173,100
2019 $2,644 $206,900 $50,900 $156,000
2018 $2,631 $190,300 $48,500 $141,800
2017 $2,575 $182,200 $46,100 $136,100
2016 $2,356 $174,400 $43,900 $130,500
2015 $2,211 $136,144 $38,977 $97,167
2014 -- $135,600 $39,500 $96,100
2013 -- $123,300 $35,500 $87,800
Source: Public Records

Map

Minnesota Dakota County Farmington 55024

704 7th St, Farmington, MN

This home is located at 704 7th St, Farmington, MN 55024 and is currently estimated at $332,925, approximately $324 per square foot. 704 7th St is a home located in Dakota County with nearby schools including Farmington Elementary School, Robert Boeckman Middle School, and Farmington High School.

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