5220 Palmer Ln
Rochester, MN 55901
4 bd 4 ba 3,537 sqft Built 1999 Lot 23,522 sqft single_family
Most recent sale
$640,000
Aug 24, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Aug 24, 2022 | Sold | $640,000 | MLS #6215015 |
| Jul 4, 2022 | Listed | $599,500 | MLS #6215015 |
| Oct 26, 1998 | Sold | $45,900 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $544,500 | $50,000 | $594,500 | $8,580 |
| 2023 | $527,800 | $50,000 | $577,800 | $7,544 |
| 2022 | $437,000 | $50,000 | $487,000 | $6,700 |
| 2021 | $419,100 | $50,000 | $469,100 | $6,462 |
| 2020 | $419,100 | $50,000 | $469,100 | $6,506 |
| 2019 | $403,000 | $50,000 | $453,000 | $6,040 |
| 2018 | $377,700 | $45,000 | $422,700 | $5,762 |
| 2017 | $355,600 | $44,900 | $400,500 | $5,682 |
| 2016 | $344,400 | $44,800 | $389,200 | $5,302 |
| 2015 | $310,300 | $44,400 | $354,700 | $5,026 |
| 2014 | $313,100 | $44,400 | $357,500 | $4,830 |
| 2013 | $304,500 | $44,300 | $348,800 | $5,022 |
| 2012 | $306,357 | $44,343 | $350,700 | $4,980 |
| 2011 | $308,142 | $44,358 | $352,500 | $4,870 |
| 2010 | $314,200 | $60,000 | $374,200 | $4,788 |
| 2009 | $317,300 | $60,000 | $377,300 | $4,690 |
Property facts
Year built
1999
Property type
single_family
Stories
1
Beds
4
Baths
4
Living area
3,537 sqft
Lot size
23,522 sqft
ZIP code
55901
City
Rochester
Street
Palmer Ln
Coordinates
44.07758, -92.53365
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$5,306
Gross rental yield
9.95%
Implied cap rate
6.47%
Trend-extrapolated value
—
Frequently asked questions
When did 5220 Palmer Ln last sell?
5220 Palmer Ln most recently sold on Aug 24, 2022 for $640,000.
What is the current tax assessment for 5220 Palmer Ln?
The most recent total assessment for 5220 Palmer Ln (year 2025) is $594,500 with $8,580 in property tax.
How does 5220 Palmer Ln's assessment compare to its last sale price?
The current assessment is 7.1% below the last sale price of $640,000.
When was 5220 Palmer Ln built?
5220 Palmer Ln was built in 1999.
How does 5220 Palmer Ln compare to others on Palmer Ln?
We track 2 other properties on Palmer Ln. Browse the list under "Other properties on Palmer Ln" to compare beds, baths, and sale history.
What are the property facts for 5220 Palmer Ln?
5220 Palmer Ln is a 4 bed, 4 bath, 3,537 sqft, 23,522 sqft lot single_family.
Is 5220 Palmer Ln a flip candidate?
No — 5220 Palmer Ln does not appear in our flips dataset.
Is 5220 Palmer Ln a tax-appeal candidate?
No — 5220 Palmer 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
-0.5%
Implied 1-yr
-1.9%
2026 Q3
$356.4K
2026 Q4
$354.7K
ZIP 55901 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Palmer Ln