1542 Spruce St
Farmington, MN 55024
3 bd 3 ba 2,720 sqft Built 2023 Lot 8,712 sqft single_family
Most recent sale
$218,800
Jun 29, 2021
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jul 2, 2024 | Sold | $652,477 | NorthstarMLS |
| Dec 7, 2023 | Listed | $652,977 | NorthstarMLS |
| May 15, 2023 | Listing removed | — | NorthstarMLS |
| May 1, 2023 | Listed | $509,900 | NorthstarMLS |
| Jun 29, 2021 | Sold | $218,800 | Public Record |
| Mar 30, 2021 | Listing removed | $482,075 | NorthstarMLS |
| Feb 2, 2021 | Listed | $482,075 | NorthstarMLS |
| Feb 2, 2021 | Listing removed | $474,300 | NorthstarMLS |
| Dec 14, 2020 | Listed | $474,300 | NorthstarMLS |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | — | $53,760 | $53,760 | $724 |
| 2023 | — | $89,600 | $89,600 | $1,316 |
| 2022 | — | $25,700 | $25,700 | $446 |
| 2021 | — | $15,000 | $15,000 | $264 |
Property facts
Year built
2023
Property type
single_family
Stories
1
Beds
3
Baths
3
Living area
2,720 sqft
Lot size
8,712 sqft
ZIP code
55024
City
Farmington
Street
Spruce St
Coordinates
44.63878, -93.12265
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 1542 Spruce St last sell?
1542 Spruce St most recently sold on Jun 29, 2021 for $218,800.
What is the current tax assessment for 1542 Spruce St?
The most recent total assessment for 1542 Spruce St (year 2025) is $53,760 with $724 in property tax.
How does 1542 Spruce St's assessment compare to its last sale price?
The current assessment is 75.4% below the last sale price of $218,800.
When was 1542 Spruce St built?
1542 Spruce St was built in 2023.
How does 1542 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 1542 Spruce St?
1542 Spruce St is a 3 bed, 3 bath, 2,720 sqft, 8,712 sqft lot single_family.
Is 1542 Spruce St a flip candidate?
No — 1542 Spruce St does not appear in our flips dataset.
Is 1542 Spruce St a tax-appeal candidate?
No — 1542 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