4061 Monarch Ln
Lake Elmo, MN 55042
3 bd 3 ba 2,849 sqft Built 2018 Lot 6,970 sqft single_family
Most recent sale
$625,000
Apr 28, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 30, 2024 | Sold | $649,900 | NorthstarMLS |
| Apr 23, 2024 | Price changed | $670,000 | NorthstarMLS |
| Mar 28, 2024 | Listed | $680,000 | NorthstarMLS |
| Apr 28, 2022 | Sold | $625,000 | MLS #6156139 |
| Feb 23, 2022 | Listed | $625,000 | MLS #6156139 |
| Feb 13, 2021 | Listing removed | $599,900 | NorthstarMLS |
| Mar 30, 2019 | Sold | $579,000 | MLS #5002406 |
| Feb 7, 2019 | Relisted | $599,000 | MLS #5002406 |
| Jan 22, 2019 | Listing removed | $599,000 | NorthstarMLS |
| Dec 19, 2018 | Listing removed | — | GreaterLakes |
| Oct 22, 2018 | Listing removed | $599,000 | NorthstarMLS |
| Oct 15, 2018 | Listing removed | $599,000 | GreaterLakes |
| Sep 10, 2018 | Listed | $599,000 | MLS #5002406 |
| Sep 10, 2018 | Listing removed | $589,900 | NorthstarMLS |
| Jul 11, 2018 | Listing removed | $599,000 | NorthstarMLS |
| Jul 11, 2018 | Listed | $589,900 | MLS #4978216 |
| May 30, 2018 | Price changed | $599,000 | MLS #4943831 |
| Apr 24, 2018 | Listed | $609,000 | MLS #4943831 |
| Apr 21, 2018 | Listing removed | $620,000 | NorthstarMLS |
| Feb 8, 2018 | Listed | $620,000 | MLS #4906513 |
| Jan 21, 2018 | Listing removed | $619,900 | NorthstarMLS |
| Sep 26, 2017 | Price changed | $619,900 | MLS #4861151 |
| Aug 27, 2017 | Price changed | $599,000 | MLS #4861151 |
| Aug 2, 2017 | Listed | $587,000 | MLS #4861151 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $507,000 | $200,000 | $707,000 | $7,150 |
| 2024 | $510,800 | $150,000 | $660,800 | $6,144 |
| 2023 | $480,900 | $168,700 | $649,600 | $5,868 |
| 2022 | $403,200 | $140,000 | $543,200 | $5,716 |
| 2021 | $388,600 | $132,500 | $521,100 | $4,878 |
| 2020 | $373,200 | $135,000 | $508,200 | $4,720 |
| 2019 | $152,400 | $125,000 | $277,400 | $2,806 |
| 2018 | — | $7,700 | $7,700 | $90 |
Property facts
Year built
2018
Property type
single_family
Stories
1
Beds
3
Baths
3
Living area
2,849 sqft
Lot size
6,970 sqft
ZIP code
55042
City
Lake Elmo
Street
Monarch Ln
Coordinates
45.00792, -92.87573
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$4,274
Gross rental yield
8.21%
Implied cap rate
5.33%
Trend-extrapolated value
—
Frequently asked questions
When did 4061 Monarch Ln last sell?
4061 Monarch Ln most recently sold on Apr 28, 2022 for $625,000.
What is the current tax assessment for 4061 Monarch Ln?
The most recent total assessment for 4061 Monarch Ln (year 2025) is $707,000 with $7,150 in property tax.
How does 4061 Monarch Ln's assessment compare to its last sale price?
The current assessment is 13.1% above the last sale price of $625,000.
When was 4061 Monarch Ln built?
4061 Monarch Ln was built in 2018.
How does 4061 Monarch Ln compare to others on Monarch Ln?
We track 7 other properties on Monarch Ln. Browse the list under "Other properties on Monarch Ln" to compare beds, baths, and sale history.
What are the property facts for 4061 Monarch Ln?
4061 Monarch Ln is a 3 bed, 3 bath, 2,849 sqft, 6,970 sqft lot single_family.
Is 4061 Monarch Ln a flip candidate?
No — 4061 Monarch Ln does not appear in our flips dataset.
Is 4061 Monarch Ln a tax-appeal candidate?
No — 4061 Monarch Ln 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 Monarch Ln