4 months on rocket

1517 Spruce St, Farmington, MN, 55024

$549,900

Home List Price

$6,530*

Closing Credit

5 Bedrooms
1 Full Bath
2,707 SqFt
$203/SqFt
House

Location

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1517 Spruce St, Farmington$549,900

Buyer Closing Credits

$6,530*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached Garage, Asphalt, Garage Door Opener
Attached Garage3 spaces
Year BuiltNew Const., 2023
HeatingForced Air
CoolingCentral Air
BasementYes
WaterfrontLake
MLS #6590849
StatusActive

About 1517 Spruce St

Highly desirable neighborhood Sapphire Lake located just off of #3 in downtown Farmington. This 5 bed, 3 bath home will be completed by 2.1.25. Noted features inc quality construction! Open & spacious floor plan, vaulted ceilings, solid wood doors, hardwood & tile floors. LL offers a large family/ amusement room & a walk out to the lake. Maintenance free deck inc: to enjoy those evening sunsets. Visit our model home at 1604 Spruce St. for more details. Builder is offering incentives. Don't miss out!

Property Details

Property Features

Property Information:

  • Year Built: 2023
  • Living Area: 2,707 SqFt

Listing Office:

  • Office Name: Keller Williams Realty Integrity

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Humidifier, Gas Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances
  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Waterfront: Lake

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: Yes
  • Parking: Attached Garage, Asphalt, Garage Door Opener

Lot Features

Lot Information:

  • Lot: Accessible Shoreline, Few Trees

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Hwy #3 to Spruce St, East 1 mile to 1517 Spruce on Left located on Sapphire Lake.

Price Information

Listing Price Info

Price Summary:

  • List Price: $549,900
  • Price Per SqFt: $203/SqFt

Tax Information:

  • Annual Amount: $260
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Farmington, MN.

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Farmington, MN

City

Med. Sold Price

$410.5K

Med. Price/SqFt

$193

Avg. Days On Market

40

# of Sold Homes

36

1517 Spruce St vs Farmington

120 DAYS ON ROCKET

+80 Days

$549,900

+$139.3K More

$203/SqFt

+$10 More

KEY TAKEAWAY

This property is $139.3K more than the Median Sold Price and $10/SqFt more than other homes in Farmington, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6590849

Listing Office:

  • Office Name: Keller Williams Realty Integrity

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Last updated on: 12/22/2024, 9:22:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$260$14,900

History based on county public records data.

Payment Calculator

$2,812

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,715

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-941991
4
/10

  • Farmington Elementary School

  • 500 Maple St

  • 0.94 miles

  • Public District Grades KG-5

school-card-donut-941992
4
/10

  • Riverview Elementary School

  • 4100 208th St W

  • 1.26 miles

  • Public District Grades KG-5

school-card-donut-941993
5
/10

  • Akin Road Elementary School

  • 5231 195th St W

  • 3.13 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $79,730. The most common annual income of people living in Farmington, MN is between $35k-100k. Typical family type is married, with kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1517 Spruce St

What is the listing price of this property?

The listing price of 1517 Spruce St property is $549,900.

What type of property is this?

The property 1517 Spruce St is a house located in Farmington, Minnesota, 55024.

Is this property for sale now?

Active Listing: 1517 Spruce St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $260 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1517 Spruce St has 5 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 1517 Spruce St is 2,707 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1517 Spruce St is 2023.

Rocket Homes›Minnesota›Dakota County›Farmington›55024›1517 Spruce St

This home is located at 1517 Spruce St in Farmington, MN and zip code 55024. This 2,707 square foot home was built in 2023. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since August 23, 2024 and is currently priced at $549,900.

Over 10 listings were sold over their listed price in November 2024 in Farmington, MN. In the same period over 15 listings were sold below the listed price and 11 listings were sold for the listed price. Between October 2024 and November 2024, Farmington, MN real estate market has seen decrease in the number of listings by 13.1%. In November 2024 median list price was $410,588 and the average listing age was 40 days.

From Rocket Homes Real Estate and based on county public records data.

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