4540 198th Ct
Farmington, MN 55024
4 bd 4 ba 3,310 sqft Built 2014 Lot 10,106 sqft single_family
Most recent sale
$570,000
Apr 23, 2024
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Apr 23, 2024 | Sold | $570,000 | NorthstarMLS |
| Feb 8, 2024 | Listed | $575,000 | NorthstarMLS |
| Jan 2, 2014 | Sold | $393,058 | Public Record |
| Jul 19, 2013 | Sold | $86,900 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $401,200 | $138,000 | $539,200 | $6,790 |
| 2023 | $375,600 | $137,900 | $513,500 | $6,264 |
| 2022 | $306,200 | $125,600 | $431,800 | $6,162 |
| 2021 | $309,200 | $119,600 | $428,800 | $6,172 |
| 2020 | $288,511 | $113,628 | $402,139 | $6,032 |
| 2019 | $287,722 | $108,095 | $395,817 | $6,461 |
| 2018 | $277,145 | $102,540 | $379,685 | $6,013 |
| 2017 | $235,710 | $96,342 | $332,052 | $5,431 |
| 2016 | $239,667 | $90,205 | $329,872 | $5,563 |
| 2015 | — | $47,453 | $47,453 | $794 |
| 2014 | — | $69,800 | $69,800 | $1,458 |
| 2013 | — | $67,700 | $67,700 | $2,056 |
| 2012 | — | $71,300 | $71,300 | $2,086 |
| 2011 | — | $79,200 | $79,200 | $2,151 |
| 2009 | — | $103,500 | $103,500 | $2,424 |
| 2008 | — | $69,300 | $69,300 | $1,838 |
| 2007 | — | $34,200 | $34,200 | $513 |
Property facts
Year built
2014
Property type
single_family
Stories
2
Beds
4
Baths
4
Living area
3,310 sqft
Lot size
10,106 sqft
ZIP code
55024
City
Farmington
Street
198th Ct
Coordinates
44.66448, -93.15244
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$4,965
Gross rental yield
10.45%
Implied cap rate
6.79%
Trend-extrapolated value
—
Frequently asked questions
When did 4540 198th Ct last sell?
4540 198th Ct most recently sold on Apr 23, 2024 for $570,000.
What is the current tax assessment for 4540 198th Ct?
The most recent total assessment for 4540 198th Ct (year 2025) is $539,200 with $6,790 in property tax.
How does 4540 198th Ct's assessment compare to its last sale price?
The current assessment is 5.4% below the last sale price of $570,000.
When was 4540 198th Ct built?
4540 198th Ct was built in 2014.
How does 4540 198th Ct compare to others on 198th Ct?
We track 4 other properties on 198th Ct. Browse the list under "Other properties on 198th Ct" to compare beds, baths, and sale history.
What are the property facts for 4540 198th Ct?
4540 198th Ct is a 4 bed, 4 bath, 3,310 sqft, 10,106 sqft lot single_family.
Is 4540 198th Ct a flip candidate?
No — 4540 198th Ct does not appear in our flips dataset.
Is 4540 198th Ct a tax-appeal candidate?
No — 4540 198th Ct is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+1.2%
Implied 1-yr
+4.7%
2026 Q3
$446.6K
2026 Q4
$451.5K
ZIP 55024 — Median Price History + Forecast
Explore nearby
Geography
Other properties on 198th Ct