1255 Palmer Dr
Lake Elmo, MN 55042
3 bd 3 ba 3,164 sqft Built 2022 Lot 17,337 sqft single_family
Most recent sale
$1,453,815
Aug 30, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Aug 30, 2022 | Sold | $1,453,815 | MLS #6176912 |
| Apr 21, 2022 | Listed | $1,425,000 | MLS #6176912 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $924,000 | $327,100 | $1,251,100 | $13,416 |
| 2024 | $907,400 | $287,100 | $1,194,500 | $11,850 |
| 2023 | $196,800 | $310,300 | $507,100 | $4,388 |
| 2022 | — | $257,500 | $257,500 | $3,210 |
| 2021 | — | $227,500 | $227,500 | $2,542 |
| 2020 | — | $230,000 | $230,000 | $2,556 |
| 2019 | — | $10,500 | $10,500 | $124 |
Property facts
Year built
2022
Property type
single_family
Stories
1
Beds
3
Baths
3
Living area
3,164 sqft
Lot size
17,337 sqft
ZIP code
55042
City
Lake Elmo
Street
Palmer Dr
Coordinates
44.96714, -92.86976
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$4,746
Gross rental yield
3.92%
Implied cap rate
2.55%
Trend-extrapolated value
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Frequently asked questions
When did 1255 Palmer Dr last sell?
1255 Palmer Dr most recently sold on Aug 30, 2022 for $1,453,815.
What is the current tax assessment for 1255 Palmer Dr?
The most recent total assessment for 1255 Palmer Dr (year 2025) is $1,251,100 with $13,416 in property tax.
How does 1255 Palmer Dr's assessment compare to its last sale price?
The current assessment is 13.9% below the last sale price of $1,453,815.
When was 1255 Palmer Dr built?
1255 Palmer Dr was built in 2022.
How does 1255 Palmer Dr compare to others on Palmer Dr?
We track 8 other properties on Palmer Dr. Browse the list under "Other properties on Palmer Dr" to compare beds, baths, and sale history.
What are the property facts for 1255 Palmer Dr?
1255 Palmer Dr is a 3 bed, 3 bath, 3,164 sqft, 17,337 sqft lot single_family.
Is 1255 Palmer Dr a flip candidate?
No — 1255 Palmer Dr does not appear in our flips dataset.
Is 1255 Palmer Dr a tax-appeal candidate?
No — 1255 Palmer Dr 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 Palmer Dr