18607 Explorer Way
Farmington, MN 55024
5 bd 4 ba 3,122 sqft Built 1999 Lot 9,583 sqft single_family
Most recent sale
$450,000
Jul 1, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jul 1, 2022 | Sold | $450,000 | MLS #6187203 |
| Jun 12, 2022 | Relisted | $439,900 | MLS #6187203 |
| May 31, 2022 | Listed | $439,900 | MLS #6187203 |
| Dec 15, 2017 | Sold | $325,500 | MLS #4878565 |
| Oct 20, 2017 | Price changed | $325,500 | MLS #4878565 |
| Sep 24, 2017 | Listed | $349,800 | MLS #4878565 |
| Mar 2, 1999 | Sold | $37,905 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $360,816 | $99,484 | $460,300 | $5,714 |
| 2023 | $368,400 | $98,500 | $466,900 | $5,664 |
| 2022 | $297,500 | $85,128 | $382,628 | $5,466 |
| 2021 | $293,661 | $80,901 | $374,562 | $5,396 |
| 2020 | $293,661 | $80,901 | $374,562 | $5,294 |
| 2019 | $275,836 | $76,599 | $352,435 | $5,367 |
| 2018 | $277,026 | $72,902 | $349,928 | $5,075 |
| 2017 | $251,111 | $68,733 | $319,844 | $4,942 |
| 2016 | $236,646 | $65,104 | $301,750 | $4,633 |
| 2015 | $211,881 | $62,183 | $274,064 | $4,262 |
| 2014 | $208,035 | $57,745 | $265,780 | $4,080 |
| 2013 | $188,818 | $51,238 | $240,056 | $3,989 |
| 2012 | $174,977 | $49,165 | $224,142 | $4,074 |
| 2011 | $188,203 | $52,289 | $240,492 | $3,978 |
| 2009 | $258,000 | $76,200 | $334,200 | $4,508 |
| 2008 | $258,000 | $76,200 | $334,200 | $4,498 |
| 2007 | $261,200 | $76,200 | $337,400 | $4,018 |
Property facts
Year built
1999
Property type
single_family
Stories
2
Beds
5
Baths
4
Living area
3,122 sqft
Lot size
9,583 sqft
ZIP code
55024
City
Farmington
Street
Explorer Way
Coordinates
44.67916, -93.18638
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
$4,683
Gross rental yield
12.49%
Implied cap rate
8.12%
Trend-extrapolated value
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Frequently asked questions
When did 18607 Explorer Way last sell?
18607 Explorer Way most recently sold on Jul 1, 2022 for $450,000.
What is the current tax assessment for 18607 Explorer Way?
The most recent total assessment for 18607 Explorer Way (year 2025) is $460,300 with $5,714 in property tax.
How does 18607 Explorer Way's assessment compare to its last sale price?
The current assessment is 2.3% above the last sale price of $450,000.
When was 18607 Explorer Way built?
18607 Explorer Way was built in 1999.
How does 18607 Explorer Way compare to others on Explorer Way?
We track 6 other properties on Explorer Way. Browse the list under "Other properties on Explorer Way" to compare beds, baths, and sale history.
What are the property facts for 18607 Explorer Way?
18607 Explorer Way is a 5 bed, 4 bath, 3,122 sqft, 9,583 sqft lot single_family.
Is 18607 Explorer Way a flip candidate?
No — 18607 Explorer Way does not appear in our flips dataset.
Is 18607 Explorer Way a tax-appeal candidate?
No — 18607 Explorer Way 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 Explorer Way