1518 Spruce St
Farmington, MN 55024
4 bd 3 ba 2,076 sqft Built 2024 Lot 10,672 sqft single_family
Most recent sale
$218,800
Jun 29, 2021
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 20, 2025 | Sold | $585,000 | NorthstarMLS |
| Jan 3, 2025 | Listed | $589,900 | NorthstarMLS |
| Dec 6, 2024 | Price changed | $589,900 | NorthstarMLS |
| Oct 30, 2024 | Listed | $599,900 | NorthstarMLS |
| Oct 2, 2024 | Listed | $619,500 | NorthstarMLS |
| Jul 9, 2024 | Price changed | $619,500 | NorthstarMLS |
| Jun 21, 2024 | Listed | $599,900 | NorthstarMLS |
| Mar 23, 2024 | Price changed | $609,000 | NorthstarMLS |
| Mar 22, 2024 | Listed | $635,000 | NorthstarMLS |
| Jan 1, 2022 | Listing removed | $478,100 | NorthstarMLS |
| Sep 10, 2021 | Listed | $478,100 | NorthstarMLS |
| Aug 9, 2021 | Listing removed | $519,000 | NorthstarMLS |
| Jun 29, 2021 | Sold | $218,800 | Public Record |
| May 26, 2021 | Price changed | $519,000 | NorthstarMLS |
| May 12, 2021 | Listed | $499,000 | NorthstarMLS |
| Apr 9, 2021 | Listing removed | $459,600 | NorthstarMLS |
| Mar 19, 2021 | Price changed | $459,600 | NorthstarMLS |
| Feb 4, 2021 | Listed | $454,600 | NorthstarMLS |
| Feb 2, 2021 | Listing removed | $434,200 | NorthstarMLS |
| Dec 15, 2020 | Listed | $434,200 | NorthstarMLS |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | — | $89,600 | $89,600 | $1,352 |
| 2023 | — | $89,600 | $89,600 | $1,316 |
| 2022 | — | $25,700 | $25,700 | $446 |
| 2021 | — | $15,200 | $15,200 | $266 |
Property facts
Year built
2024
Property type
single_family
Stories
2
Beds
4
Baths
3
Living area
2,076 sqft
Lot size
10,672 sqft
ZIP code
55024
City
Farmington
Street
Spruce St
Coordinates
44.63850, -93.12294
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
$1,313
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 1518 Spruce St last sell?
1518 Spruce St most recently sold on Jun 29, 2021 for $218,800.
What is the current tax assessment for 1518 Spruce St?
The most recent total assessment for 1518 Spruce St (year 2025) is $89,600 with $1,352 in property tax.
How does 1518 Spruce St's assessment compare to its last sale price?
The current assessment is 59.0% below the last sale price of $218,800.
When was 1518 Spruce St built?
1518 Spruce St was built in 2024.
How does 1518 Spruce St compare to others on Spruce St?
We track 8 other properties on Spruce St. Browse the list under "Other properties on Spruce St" to compare beds, baths, and sale history.
What are the property facts for 1518 Spruce St?
1518 Spruce St is a 4 bed, 3 bath, 2,076 sqft, 10,672 sqft lot single_family.
Is 1518 Spruce St a flip candidate?
No — 1518 Spruce St does not appear in our flips dataset.
Is 1518 Spruce St a tax-appeal candidate?
No — 1518 Spruce 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 Spruce St