622 5th St
Farmington, MN 55024
3 bd 2 ba 1,657 sqft Built 1940 Lot 10,846 sqft single_family
Most recent sale
$285,000
Oct 5, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Oct 5, 2022 | Sold | $285,000 | MLS #6250052 |
| Aug 17, 2022 | Listed | $310,000 | MLS #6250052 |
| Jul 26, 2022 | Sold | $306,300 | Public Record |
| Jan 26, 2007 | Sold | $224,000 | Public Record |
| Nov 30, 2005 | Sold | $208,500 | Public Record |
| Jun 23, 2005 | Sold | $150,000 | Public Record |
| Sep 22, 2003 | Sold | $65,000 | Public Record |
| Sep 19, 2003 | Sold | $187,500 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $195,423 | $52,872 | $248,295 | $3,114 |
| 2023 | $196,909 | $54,592 | $251,501 | $3,076 |
| 2022 | $173,601 | $46,617 | $220,218 | $3,648 |
| 2021 | $170,042 | $42,001 | $212,043 | $3,572 |
| 2020 | $170,042 | $42,001 | $212,043 | $3,898 |
| 2019 | $153,392 | $39,467 | $192,859 | $3,182 |
| 2018 | $134,689 | $36,806 | $171,495 | $3,252 |
| 2017 | $134,590 | $34,943 | $169,533 | $3,229 |
| 2016 | $128,954 | $33,058 | $162,012 | $2,901 |
| 2015 | $105,677 | $30,829 | $136,506 | $2,577 |
| 2014 | $95,478 | $28,057 | $123,535 | $2,442 |
| 2013 | $83,452 | $24,387 | $107,839 | $2,762 |
| 2012 | $95,651 | $24,287 | $119,938 | $2,868 |
| 2011 | $102,414 | $26,026 | $128,440 | $2,241 |
| 2009 | $151,700 | $42,300 | $194,000 | $2,460 |
| 2008 | $151,700 | $42,300 | $194,000 | $2,360 |
| 2007 | $150,400 | $42,300 | $192,700 | $2,135 |
Property facts
Year built
1940
Property type
single_family
Stories
2
Beds
3
Baths
2
Living area
1,657 sqft
Lot size
10,846 sqft
ZIP code
55024
City
Farmington
Street
5th St
Coordinates
44.63551, -93.14236
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,486
Gross rental yield
10.47%
Implied cap rate
6.80%
Trend-extrapolated value
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Frequently asked questions
When did 622 5th St last sell?
622 5th St most recently sold on Oct 5, 2022 for $285,000.
What is the current tax assessment for 622 5th St?
The most recent total assessment for 622 5th St (year 2025) is $248,295 with $3,114 in property tax.
How does 622 5th St's assessment compare to its last sale price?
The current assessment is 12.9% below the last sale price of $285,000.
When was 622 5th St built?
622 5th St was built in 1940.
How does 622 5th St compare to others on 5th St?
We track 8 other properties on 5th St. Browse the list under "Other properties on 5th St" to compare beds, baths, and sale history.
What are the property facts for 622 5th St?
622 5th St is a 3 bed, 2 bath, 1,657 sqft, 10,846 sqft lot single_family.
Is 622 5th St a flip candidate?
No — 622 5th St does not appear in our flips dataset.
Is 622 5th St a tax-appeal candidate?
No — 622 5th 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 5th St