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5383 187th St

Farmington, MN 55024

4 bd 3 ba 2,238 sqft Built 1993 Lot 11,282 sqft single_family
Most recent sale
$395,500
Jan 13, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
May 28, 2024 Sold $420,000 NorthstarMLS
Apr 6, 2024 Price changed $415,000 NorthstarMLS
Mar 13, 2024 Listed $420,000 NorthstarMLS
Jan 13, 2022 Sold $395,500 Public Record
Aug 23, 2021 Sold $395,500 NorthstarMLS
Jul 8, 2021 Listed $362,000 NorthstarMLS
Sep 16, 2015 Sold $270,700 NorthstarMLS
May 26, 2015 Listed $272,900 NorthstarMLS
Dec 22, 2010 Sold $200,000 NorthstarMLS
Nov 9, 2010 Price changed $199,900 NorthstarMLS
Oct 16, 2010 Price changed $212,000 NorthstarMLS
Aug 6, 2010 Price changed $219,900 NorthstarMLS
Jul 8, 2010 Listed $225,000 NorthstarMLS
Oct 9, 2003 Sold $244,000 Public Record
Apr 12, 1993 Sold $28,400 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $308,750 $89,093 $397,843 $4,946
2023 $310,087 $90,962 $401,049 $4,866
2022 $253,906 $77,710 $331,616 $4,746
2021 $238,379 $73,617 $311,996 $4,506
2020 $230,829 $69,831 $300,660 $4,528
2019 $215,024 $59,803 $274,827 $4,228
2018 $195,095 $56,297 $251,392 $4,003
2017 $180,190 $53,108 $233,298 $3,834
2016 $175,534 $51,115 $226,649 $3,841
2015 $176,500 $50,800 $227,300 $3,633
2014 $152,791 $41,812 $194,603 $3,314
2013 $141,561 $40,071 $181,632 $3,242
2012 $153,230 $42,681 $195,911 $3,328
2011 $173,600 $49,100 $222,700 $3,304
2009 $207,900 $64,200 $272,100 $3,601
2008 $216,700 $64,200 $280,900 $3,611
2007 $216,700 $64,200 $280,900 $3,283

Property facts

Year built
1993
Property type
single_family
Stories
2
Beds
4
Baths
3
Living area
2,238 sqft
Lot size
11,282 sqft
ZIP code
55024
City
Farmington
Street
187th St
Coordinates
44.67806, -93.17409

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
$3,357
Gross rental yield
10.19%
Implied cap rate
6.62%
Trend-extrapolated value

Frequently asked questions

When did 5383 187th St last sell?
5383 187th St most recently sold on Jan 13, 2022 for $395,500.
What is the current tax assessment for 5383 187th St?
The most recent total assessment for 5383 187th St (year 2025) is $397,843 with $4,946 in property tax.
How does 5383 187th St's assessment compare to its last sale price?
The current assessment is 0.6% above the last sale price of $395,500.
When was 5383 187th St built?
5383 187th St was built in 1993.
How does 5383 187th St compare to others on 187th St?
We track 8 other properties on 187th St. Browse the list under "Other properties on 187th St" to compare beds, baths, and sale history.
What are the property facts for 5383 187th St?
5383 187th St is a 4 bed, 3 bath, 2,238 sqft, 11,282 sqft lot single_family.
Is 5383 187th St a flip candidate?
No — 5383 187th St does not appear in our flips dataset.
Is 5383 187th St a tax-appeal candidate?
No — 5383 187th 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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