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20461 Cypress Dr

Farmington, MN 55024

3 bd 3 ba 2,570 sqft Built 2005 Lot 3,267 sqft townhomes
Most recent sale
$383,100
Jul 13, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Jul 13, 2022 Sold $383,100 MLS #6202201
May 26, 2022 Listed $365,000 MLS #6202201
Aug 12, 2009 Sold $162,000 MLS #3692575
Jul 3, 2009 Price changed $166,900 MLS #3692575
May 31, 2009 Listed $185,500 MLS #3692575
Dec 30, 2005 Sold $225,900 MLS #3116370
Nov 7, 2005 Listed $273,910 MLS #3116370

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $274,667 $80,666 $355,333 $4,426
2023 $287,800 $81,200 $369,000 $4,476
2022 $251,800 $70,600 $322,400 $4,602
2021 $248,100 $61,100 $309,200 $4,450
2020 $248,100 $61,100 $309,200 $4,520
2019 $243,200 $58,200 $301,400 $4,268
2018 $224,900 $53,900 $278,800 $4,010
2017 $203,500 $49,900 $253,400 $3,832
2016 $187,200 $47,600 $234,800 $3,597
2015 $168,500 $45,300 $213,800 $3,278
2014 $163,700 $41,400 $205,100 $3,045
2013 $143,100 $36,800 $179,900 $3,158
2012 $141,700 $36,800 $178,500 $3,234
2011 $153,200 $38,700 $191,900 $3,150
2009 $182,000 $53,200 $235,200 $3,875
2008 $182,000 $53,200 $235,200 $3,661
2007 $199,700 $53,200 $252,900 $3,063

Property facts

Year built
2005
Property type
townhomes
Stories
1
Beds
3
Baths
3
Living area
2,570 sqft
Lot size
3,267 sqft
ZIP code
55024
City
Farmington
Street
Cypress Dr
Coordinates
44.65401, -93.16913

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
$3,855
Gross rental yield
12.08%
Implied cap rate
7.85%
Trend-extrapolated value

Frequently asked questions

When did 20461 Cypress Dr last sell?
20461 Cypress Dr most recently sold on Jul 13, 2022 for $383,100.
What is the current tax assessment for 20461 Cypress Dr?
The most recent total assessment for 20461 Cypress Dr (year 2025) is $355,333 with $4,426 in property tax.
How does 20461 Cypress Dr's assessment compare to its last sale price?
The current assessment is 7.2% below the last sale price of $383,100.
When was 20461 Cypress Dr built?
20461 Cypress Dr was built in 2005.
How does 20461 Cypress Dr compare to others on Cypress Dr?
We track 8 other properties on Cypress Dr. Browse the list under "Other properties on Cypress Dr" to compare beds, baths, and sale history.
What are the property facts for 20461 Cypress Dr?
20461 Cypress Dr is a 3 bed, 3 bath, 2,570 sqft, 3,267 sqft lot townhomes.
Is 20461 Cypress Dr a flip candidate?
No — 20461 Cypress Dr does not appear in our flips dataset.
Is 20461 Cypress Dr a tax-appeal candidate?
No — 20461 Cypress Dr 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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