401 Spruce St
Farmington, MN 55024
4 bd 2 ba 2,020 sqft Built 1905 Lot 10,215 sqft single_family
Most recent sale
$330,000
Sep 6, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Sep 6, 2022 | Sold | $330,000 | MLS #6229258 |
| Jul 1, 2022 | Listed | $330,000 | MLS #6229258 |
| Dec 17, 1991 | Sold | $91,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $197,187 | $52,743 | $249,930 | $3,966 |
| 2023 | $174,692 | $53,701 | $228,393 | $2,846 |
| 2022 | $153,568 | $45,831 | $199,399 | $2,926 |
| 2021 | $147,217 | $43,026 | $190,243 | $3,142 |
| 2020 | $147,217 | $43,026 | $190,243 | $2,774 |
| 2019 | $138,398 | $40,509 | $178,907 | $2,474 |
| 2018 | $117,627 | $37,627 | $155,254 | $2,714 |
| 2017 | $108,364 | $35,227 | $143,591 | $2,276 |
| 2016 | $100,079 | $33,048 | $133,127 | $2,035 |
| 2015 | $83,544 | $30,835 | $114,379 | $1,794 |
| 2014 | $78,140 | $28,173 | $106,313 | $1,637 |
| 2013 | $66,661 | $24,283 | $90,944 | $1,900 |
| 2012 | $76,968 | $24,222 | $101,190 | $1,994 |
| 2011 | $85,600 | $26,163 | $111,763 | $2,059 |
| 2008 | $134,200 | $44,100 | $178,300 | $2,393 |
Property facts
Year built
1905
Property type
single_family
Stories
2
Beds
4
Baths
2
Living area
2,020 sqft
Lot size
10,215 sqft
ZIP code
55024
City
Farmington
Street
Spruce St
Coordinates
44.63830, -93.14326
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$3,030
Gross rental yield
11.02%
Implied cap rate
7.16%
Trend-extrapolated value
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Frequently asked questions
When did 401 Spruce St last sell?
401 Spruce St most recently sold on Sep 6, 2022 for $330,000.
What is the current tax assessment for 401 Spruce St?
The most recent total assessment for 401 Spruce St (year 2025) is $249,930 with $3,966 in property tax.
How does 401 Spruce St's assessment compare to its last sale price?
The current assessment is 24.3% below the last sale price of $330,000.
When was 401 Spruce St built?
401 Spruce St was built in 1905.
How does 401 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 401 Spruce St?
401 Spruce St is a 4 bed, 2 bath, 2,020 sqft, 10,215 sqft lot single_family.
Is 401 Spruce St a flip candidate?
No — 401 Spruce St does not appear in our flips dataset.
Is 401 Spruce St a tax-appeal candidate?
No — 401 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