3242 Lilac Ave
Lake Elmo, MN 55042
3 bd 3 ba 2,200 sqft Built 2021 Lot 10,019 sqft single_family
Most recent sale
$556,652
Dec 16, 2021
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Dec 16, 2021 | Sold | $556,652 | MLS #5755166 |
| Jun 3, 2021 | Sold | $115,900 | Public Record |
| May 11, 2021 | Listed | $543,900 | MLS #5755166 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $418,000 | $150,000 | $568,000 | $5,548 |
| 2024 | $410,100 | $155,000 | $565,100 | $5,120 |
| 2023 | $385,800 | $144,600 | $530,400 | $4,630 |
| 2022 | — | $120,000 | $120,000 | $1,496 |
| 2021 | — | $79,800 | $79,800 | $892 |
| 2020 | — | $44,700 | $44,700 | $498 |
| 2019 | — | $9,600 | $9,600 | $114 |
Property facts
Year built
2021
Property type
single_family
Stories
2
Beds
3
Baths
3
Living area
2,200 sqft
Lot size
10,019 sqft
ZIP code
55042
City
Lake Elmo
Street
Lilac Ave
Coordinates
44.99788, -92.87092
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
$3,300
Gross rental yield
7.11%
Implied cap rate
4.62%
Trend-extrapolated value
—
Frequently asked questions
When did 3242 Lilac Ave last sell?
3242 Lilac Ave most recently sold on Dec 16, 2021 for $556,652.
What is the current tax assessment for 3242 Lilac Ave?
The most recent total assessment for 3242 Lilac Ave (year 2025) is $568,000 with $5,548 in property tax.
How does 3242 Lilac Ave's assessment compare to its last sale price?
The current assessment is 2.0% above the last sale price of $556,652.
When was 3242 Lilac Ave built?
3242 Lilac Ave was built in 2021.
How does 3242 Lilac Ave compare to others on Lilac Ave?
We track 8 other properties on Lilac Ave. Browse the list under "Other properties on Lilac Ave" to compare beds, baths, and sale history.
What are the property facts for 3242 Lilac Ave?
3242 Lilac Ave is a 3 bed, 3 bath, 2,200 sqft, 10,019 sqft lot single_family.
Is 3242 Lilac Ave a flip candidate?
Yes — 3242 Lilac Ave appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 3242 Lilac Ave a tax-appeal candidate?
No — 3242 Lilac 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 Lilac Ave