1581 Spruce St
Farmington, MN 55024
5 bd 4 ba 3,296 sqft Built 2024 Lot 6,926 sqft single_family
Most recent sale
$542,215
Sep 15, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Apr 16, 2025 | Sold | $599,803 | NorthstarMLS |
| Mar 20, 2025 | Price changed | $629,900 | NorthstarMLS |
| Oct 9, 2024 | Listed | $600,000 | NorthstarMLS |
| Mar 28, 2023 | Price changed | $564,900 | NorthstarMLS |
| Jan 5, 2023 | Listed | $614,900 | NorthstarMLS |
| Sep 15, 2022 | Sold | $542,215 | MLS #6190195 |
| Sep 13, 2022 | Listed | $614,900 | MLS #6259922 |
| May 4, 2022 | Listed | $520,000 | MLS #6190195 |
| Dec 1, 2021 | Sold | $370,700 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | — | $84,900 | $84,900 | $1,282 |
| 2023 | — | $84,900 | $84,900 | $1,248 |
| 2022 | — | $800 | $800 | $14 |
Property facts
Year built
2024
Property type
single_family
Stories
2
Beds
5
Baths
4
Living area
3,296 sqft
Lot size
6,926 sqft
ZIP code
55024
City
Farmington
Street
Spruce St
Coordinates
44.63937, -93.12175
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
$4,944
Gross rental yield
10.94%
Implied cap rate
7.11%
Trend-extrapolated value
—
Frequently asked questions
When did 1581 Spruce St last sell?
1581 Spruce St most recently sold on Sep 15, 2022 for $542,215.
What is the current tax assessment for 1581 Spruce St?
The most recent total assessment for 1581 Spruce St (year 2025) is $84,900 with $1,282 in property tax.
How does 1581 Spruce St's assessment compare to its last sale price?
The current assessment is 84.3% below the last sale price of $542,215.
When was 1581 Spruce St built?
1581 Spruce St was built in 2024.
How does 1581 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 1581 Spruce St?
1581 Spruce St is a 5 bed, 4 bath, 3,296 sqft, 6,926 sqft lot single_family.
Is 1581 Spruce St a flip candidate?
Yes — 1581 Spruce St appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 1581 Spruce St a tax-appeal candidate?
No — 1581 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