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5231 173rd St

Lakeville, MN 55024

2 bd 2 ba 1,540 sqft Built 2005 townhomes
Most recent sale
$257,915
Oct 31, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Oct 31, 2022 Sold $257,915 NorthstarMLS
Sep 30, 2022 Listed $249,900 NorthstarMLS
Jun 20, 2016 Sold $162,200 Public Record
Oct 28, 2011 Sold $96,500 Public Record
Jul 6, 2006 Sold $182,521 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $198,400 $53,300 $251,700 $2,758
2023 $173,218 $49,398 $222,616 $2,454
2022 $144,531 $41,788 $186,319 $2,380
2021 $128,510 $39,061 $167,571 $2,218
2020 $123,385 $36,883 $160,268 $2,200
2019 $113,818 $33,588 $147,406 $2,040
2018 $100,048 $30,354 $130,402 $1,851
2017 $89,006 $28,207 $117,213 $1,723
2016 $80,528 $26,439 $106,967 $1,642
2015 $71,245 $24,822 $96,067 $1,362
2014 $60,691 $20,879 $81,570 $1,225
2013 $78,206 $21,676 $99,882 $1,576
2012 $89,745 $23,544 $113,289 $1,700
2011 $117,000 $30,200 $147,200 $1,830
2009 $136,600 $35,400 $172,000 $1,986
2008 $138,800 $35,400 $174,200 $1,943
2007 $76,400 $35,400 $111,800 $976

Property facts

Year built
2005
Property type
townhomes
Stories
2
Beds
2
Baths
2
Living area
1,540 sqft
Lot size
ZIP code
55024
City
Lakeville
Street
173rd St
Coordinates
44.69972, -93.16823

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$2,310
Gross rental yield
10.75%
Implied cap rate
6.99%
Trend-extrapolated value

Frequently asked questions

When did 5231 173rd St last sell?
5231 173rd St most recently sold on Oct 31, 2022 for $257,915.
What is the current tax assessment for 5231 173rd St?
The most recent total assessment for 5231 173rd St (year 2025) is $251,700 with $2,758 in property tax.
How does 5231 173rd St's assessment compare to its last sale price?
The current assessment is 2.4% below the last sale price of $257,915.
When was 5231 173rd St built?
5231 173rd St was built in 2005.
How does 5231 173rd St compare to others on 173rd St?
We track 8 other properties on 173rd St. Browse the list under "Other properties on 173rd St" to compare beds, baths, and sale history.
What are the property facts for 5231 173rd St?
5231 173rd St is a 2 bed, 2 bath, 1,540 sqft townhomes.
Is 5231 173rd St a flip candidate?
No — 5231 173rd St does not appear in our flips dataset.
Is 5231 173rd St a tax-appeal candidate?
No — 5231 173rd St is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+1.2%
Implied 1-yr
+4.7%
2026 Q3
$446.6K
2026 Q4
$451.5K
ZIP 55024 — Median Price History + Forecast

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