5698 Kelvin Ave
Lake Elmo, MN 55042
6 bd 5 ba 4,511 sqft Built 2022 Lot 48,918 sqft single_family
Most recent sale
$1,150,000
Oct 14, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 2, 2025 | Sold | $1,195,000 | NorthstarMLS |
| Mar 5, 2025 | Listed | $1,239,000 | NorthstarMLS |
| Jan 9, 2025 | Listed | $1,239,000 | NorthstarMLS |
| Nov 4, 2024 | Price changed | $1,279,900 | NorthstarMLS |
| Oct 3, 2024 | Listed | $1,329,900 | NorthstarMLS |
| Oct 14, 2022 | Sold | $1,150,000 | MLS #6244796 |
| Aug 4, 2022 | Listed | $1,195,000 | MLS #6244796 |
| Jul 7, 2022 | Listed | $1,295,000 | MLS #6231559 |
| Feb 15, 2022 | Price changed | $1,295,000 | MLS #6151624 |
| Feb 11, 2022 | Listed | $1,195,000 | MLS #6151624 |
| Nov 2, 2021 | Listed | $1,195,000 | MLS #6120213 |
| Mar 27, 2021 | Listing removed | $201,000 | NorthstarMLS |
| Mar 1, 2020 | Listing removed | $825,500 | NorthstarMLS |
| Aug 5, 2018 | Listed | $201,000 | MLS #4988969 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $980,100 | $221,900 | $1,202,000 | $12,850 |
| 2024 | $815,700 | $221,900 | $1,037,600 | $10,172 |
| 2023 | $231,400 | $236,800 | $468,200 | $4,040 |
| 2022 | — | $196,500 | $196,500 | $2,450 |
| 2021 | — | $174,000 | $174,000 | $1,944 |
| 2020 | — | $174,000 | $174,000 | $1,962 |
| 2019 | — | $176,500 | $176,500 | $250 |
Property facts
Year built
2022
Property type
single_family
Stories
2
Beds
6
Baths
5
Living area
4,511 sqft
Lot size
48,918 sqft
ZIP code
55042
City
Lake Elmo
Street
Kelvin Ave
Coordinates
45.03050, -92.89887
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$6,767
Gross rental yield
7.06%
Implied cap rate
4.59%
Trend-extrapolated value
—
Frequently asked questions
When did 5698 Kelvin Ave last sell?
5698 Kelvin Ave most recently sold on Oct 14, 2022 for $1,150,000.
What is the current tax assessment for 5698 Kelvin Ave?
The most recent total assessment for 5698 Kelvin Ave (year 2025) is $1,202,000 with $12,850 in property tax.
How does 5698 Kelvin Ave's assessment compare to its last sale price?
The current assessment is 4.5% above the last sale price of $1,150,000.
When was 5698 Kelvin Ave built?
5698 Kelvin Ave was built in 2022.
How does 5698 Kelvin Ave compare to others on Kelvin Ave?
We track 8 other properties on Kelvin Ave. Browse the list under "Other properties on Kelvin Ave" to compare beds, baths, and sale history.
What are the property facts for 5698 Kelvin Ave?
5698 Kelvin Ave is a 6 bed, 5 bath, 4,511 sqft, 48,918 sqft lot single_family.
Is 5698 Kelvin Ave a flip candidate?
No — 5698 Kelvin Ave does not appear in our flips dataset.
Is 5698 Kelvin Ave a tax-appeal candidate?
No — 5698 Kelvin Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-0.2%
Implied 1-yr
-0.7%
2026 Q3
$832.2K
2026 Q4
$830.8K
ZIP 55042 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Kelvin Ave