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506 Main St

Farmington, MN 55024

4 bd 2 ba 1,744 sqft Built 1947 Lot 10,243 sqft multi_family
No recorded sales

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
May 3, 2022 Sold $346,364 Public Record
Nov 1, 2004 Sold $202,000 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $240,200 $55,200 $295,400 $4,460
2023 $219,912 $52,844 $272,756 $3,332
2022 $190,400 $48,000 $238,400 $4,144
2021 $208,900 $45,300 $254,200 $4,456
2020 $165,300 $43,200 $208,500 $3,810
2019 $140,700 $41,100 $181,800 $3,393
2018 $127,700 $39,200 $166,900 $3,223
2017 $116,200 $36,000 $152,200 $3,035
2016 $128,200 $36,000 $164,200 $3,375
2015 $106,300 $33,600 $139,900 $2,755
2014 $105,700 $30,200 $135,900 $2,838
2013 $101,000 $29,200 $130,200 $2,831
2012 $107,300 $30,800 $138,100 $2,858
2011 $110,400 $32,400 $142,800 $2,732
2009 $152,700 $42,400 $195,100 $3,273
2008 $158,900 $42,400 $201,300 $3,270
2007 $156,700 $42,400 $199,100 $2,984

Property facts

Year built
1947
Property type
multi_family
Stories
1
Beds
4
Baths
2
Living area
1,744 sqft
Lot size
10,243 sqft
ZIP code
55024
City
Farmington
Street
Main St
Coordinates
44.64122, -93.14131

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Frequently asked questions

When did 506 Main St last sell?
No public-record sale is on file for 506 Main St.
What is the current tax assessment for 506 Main St?
The most recent total assessment for 506 Main St (year 2025) is $295,400 with $4,460 in property tax.
When was 506 Main St built?
506 Main St was built in 1947.
How does 506 Main St compare to others on Main St?
We track 8 other properties on Main St. Browse the list under "Other properties on Main St" to compare beds, baths, and sale history.
What are the property facts for 506 Main St?
506 Main St is a 4 bed, 2 bath, 1,744 sqft, 10,243 sqft lot multi_family.
Is 506 Main St a flip candidate?
No — 506 Main St does not appear in our flips dataset.
Is 506 Main St a tax-appeal candidate?
No — 506 Main St 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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