3054 224th St
Farmington, MN 55024
5 bd 3 ba 2,498 sqft Built 2016 Lot 11,761 sqft single_family
Most recent sale
$486,500
Apr 29, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 8, 2026 | Listed | $514,900 | NorthstarMLS |
| Apr 29, 2022 | Sold | $486,500 | MLS #6168025 |
| Mar 30, 2022 | Price changed | $480,000 | MLS #6168025 |
| Mar 23, 2022 | Listed | $499,900 | MLS #6168025 |
| Jul 19, 2016 | Sold | $338,000 | Public Record |
| Mar 4, 2016 | Sold | $50,900 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $379,697 | $88,233 | $467,930 | $5,806 |
| 2023 | $368,200 | $88,900 | $457,100 | $5,546 |
| 2022 | $309,806 | $76,855 | $386,661 | $5,524 |
| 2021 | $287,689 | $72,812 | $360,501 | $5,196 |
| 2020 | $287,689 | $72,812 | $360,501 | $5,044 |
| 2019 | $279,519 | $56,021 | $335,540 | $4,608 |
| 2018 | $247,044 | $52,744 | $299,788 | $4,436 |
| 2017 | $229,157 | $49,812 | $278,969 | $442 |
| 2016 | — | $25,200 | $25,200 | $1,133 |
| 2015 | — | $40,600 | $40,600 | $1,056 |
| 2014 | — | $37,800 | $37,800 | $1,036 |
| 2013 | — | $34,000 | $34,000 | $1,058 |
| 2012 | — | $33,000 | $33,000 | $1,073 |
| 2011 | — | $34,700 | $34,700 | $1,107 |
| 2009 | — | $33,800 | $33,800 | $964 |
| 2008 | — | $33,800 | $33,800 | $681 |
| 2007 | — | $1,100 | $1,100 | $12 |
Property facts
Year built
2016
Property type
single_family
Stories
2
Beds
5
Baths
3
Living area
2,498 sqft
Lot size
11,761 sqft
ZIP code
55024
City
Farmington
Street
224th St
Coordinates
44.62450, -93.12834
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
$3,747
Gross rental yield
9.24%
Implied cap rate
6.01%
Trend-extrapolated value
—
Frequently asked questions
When did 3054 224th St last sell?
3054 224th St most recently sold on Apr 29, 2022 for $486,500.
What is the current tax assessment for 3054 224th St?
The most recent total assessment for 3054 224th St (year 2025) is $467,930 with $5,806 in property tax.
How does 3054 224th St's assessment compare to its last sale price?
The current assessment is 3.8% below the last sale price of $486,500.
When was 3054 224th St built?
3054 224th St was built in 2016.
How does 3054 224th St compare to others on 224th St?
We track 8 other properties on 224th St. Browse the list under "Other properties on 224th St" to compare beds, baths, and sale history.
What are the property facts for 3054 224th St?
3054 224th St is a 5 bed, 3 bath, 2,498 sqft, 11,761 sqft lot single_family.
Is 3054 224th St a flip candidate?
No — 3054 224th St does not appear in our flips dataset.
Is 3054 224th St a tax-appeal candidate?
No — 3054 224th St 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 224th St