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503 13th St

Farmington, MN 55024

4 bd 2 ba 1,921 sqft Built 1998 Lot 6,752 sqft single_family
Most recent sale
$325,000
Jan 14, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Jan 14, 2022 Sold $325,000 MLS #6124024
Nov 19, 2021 Price changed $319,900 MLS #6124024
Nov 4, 2021 Listed $324,900 MLS #6124024
Oct 5, 2021 Sold $335,758 Public Record
Jul 28, 1998 Sold $122,300 Public Record
Apr 2, 1998 Sold $32,900 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $245,700 $77,000 $322,700 $4,000
2023 $236,600 $77,000 $313,600 $4,074
2022 $195,478 $63,762 $259,240 $3,722
2021 $185,218 $60,288 $245,506 $3,814
2020 $185,218 $60,288 $245,506 $4,502
2019 $175,306 $57,120 $232,426 $4,185
2018 $158,255 $53,679 $211,934 $4,080
2017 $143,460 $50,380 $193,840 $3,927
2016 $133,415 $47,454 $180,869 $3,788
2015 $124,430 $45,321 $169,751 $3,374
2014 $112,945 $39,693 $152,638 $3,269
2013 $97,862 $34,720 $132,582 $3,623
2012 $98,660 $33,595 $132,255 $2,722
2011 $107,895 $36,023 $143,918 $2,489
2009 $159,800 $57,200 $217,000 $2,796
2008 $159,800 $57,200 $217,000 $2,780
2007 $138,600 $57,200 $195,800 $2,175

Property facts

Year built
1998
Property type
single_family
Stories
2
Beds
4
Baths
2
Living area
1,921 sqft
Lot size
6,752 sqft
ZIP code
55024
City
Farmington
Street
13th St
Coordinates
44.63735, -93.12835

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$2,882
Gross rental yield
10.64%
Implied cap rate
6.92%
Trend-extrapolated value

Frequently asked questions

When did 503 13th St last sell?
503 13th St most recently sold on Jan 14, 2022 for $325,000.
What is the current tax assessment for 503 13th St?
The most recent total assessment for 503 13th St (year 2025) is $322,700 with $4,000 in property tax.
How does 503 13th St's assessment compare to its last sale price?
The current assessment is 0.7% below the last sale price of $325,000.
When was 503 13th St built?
503 13th St was built in 1998.
How does 503 13th St compare to others on 13th St?
We track 8 other properties on 13th St. Browse the list under "Other properties on 13th St" to compare beds, baths, and sale history.
What are the property facts for 503 13th St?
503 13th St is a 4 bed, 2 bath, 1,921 sqft, 6,752 sqft lot single_family.
Is 503 13th St a flip candidate?
No — 503 13th St does not appear in our flips dataset.
Is 503 13th St a tax-appeal candidate?
No — 503 13th St is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+1.2%
Implied 1-yr
+4.7%
2026 Q3
$446.6K
2026 Q4
$451.5K
ZIP 55024 — Median Price History + Forecast

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