Coming Soon

5531 197th St W Unit 802, Farmington, MN, 55024

$255,000

Home List Price

$3,028*

Closing Credit

2 Bedrooms
1 Full Bath, 1 Partial
1,418 SqFt
$180/SqFt
Townhouse

Location

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5531 197th St W Unit 802, Farmington$255,000

Buyer Closing Credits

$3,028*

1.25% Loan Amount

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Property Highlights

Home TypeTownhouse
ParkingAttached Garage, Asphalt, Garage Door Opener, Insulated Garage
Attached Garage2 spaces
Year Built2005
HeatingForced Air
CoolingCentral Air
FireplaceLiving Room
MLS #6638354
Active DateDecember 19, 2024
StatusComing Soon

About 5531 197th St W Unit 802

Welcome to this beautifully maintained townhome in Farmington, featuring two bedrooms, two bathrooms, and modern updates throughout. Nestled on a private street with only four homes, this quiet retreat offers a serene living experience with direct access to nearby parks, walking trails, and quick access to Pilot Knob Road for an easy commute. The clean, bright interior showcases neutral colors and a thoughtfully updated design. The large primary bedroom features a spacious walk-in closet, while the upstairs bathroom is equipped with dual sinks for added convenience. Recent updates include a new roof (May 2024), a repaved driveway (October 2022), and a new washer. The attached garage boasts an insulated door and upgraded lighting for added functionality and storage. With modern living, natural beauty, and a friendly community all in one place, this townhome is a true gem!

Property Details

Property Features

Property Information:

  • Year Built: 2005
  • Living Area: 1,418 SqFt

Listing Office:

  • Office Name: Keller Williams Preferred Rlty

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
  • Basement: No
  • Fireplace: Living Room

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Attached Garage, Asphalt, Garage Door Opener, Insulated Garage

Lot Features

Lot Information:

  • Lot: Few Trees

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Pilot Knob to 197th

Price Information

Listing Price Info

Price Summary:

  • List Price: $255,000
  • Price Per SqFt: $180/SqFt

HOA Fees:

  • Amount: $370
  • Frequency: Monthly
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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

5531 197th St W Unit 802 vs Farmington

$255,000

-$155.5K Less

$180/SqFt

-$13 Less

KEY TAKEAWAY

This property is $155.5K less than the Median Sold Price and $13/SqFt less than other homes in Farmington, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6638354

Listing Office:

  • Office Name: Keller Williams Preferred Rlty

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Last updated on: 12/17/2024, 11:52:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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$1,710

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

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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-4286938
5
/10

  • Akin Road Elementary School

  • 5231 195th St W

  • 0.39 miles

  • Public District Grades KG-5

school-card-donut-4286939
7
/10

  • Meadowview Elementary School

  • 6100 195th St W

  • 0.62 miles

  • Public District Grades KG-5

school-card-donut-4286940
8
/10

  • Great Oaks Academy Charter School

  • 6300 212th St W

  • 1.80 miles

  • Public Charter Grades KG-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $98,322. Most Farmington, MN residents have annual incomes between $35k-100k. Residents typically live in married, with kids family. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5531 197th St W Unit 802

What is the listing price of this property?

The listing price of 5531 197th St W Unit 802 property is $255,000.

What type of property is this?

The property 5531 197th St W Unit 802 is a townhouse located in Farmington, Minnesota, 55024.

Is this property for sale now?

Coming Soon: 5531 197th St W Unit 802 is Coming Soon. This listing has not previously been on the market, but will be on the market soon (no showings are allowed yet). A listing contract has been executed.

How many bedrooms and bathrooms does this property have?

The property at 5531 197th St W Unit 802 has 2 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 5531 197th St W Unit 802 is 1,418 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5531 197th St W Unit 802 is 2005.

Rocket Homes›Minnesota›Dakota County›Farmington›55024›5531 197th St W Unit 802

This home is located at 5531 197th St W Unit 802 in Farmington, MN and zip code 55024 in the Charleswood neighborhood. This 1,418 square foot home was built in 2005. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since December 17, 2024 and is currently priced at $255,000.

In November 2024, from all listings sold in Farmington, MN there were more than 10 sold above asking price, over 15 sold below and more than 11 were sold right at the asked price. In November 2024 in Farmington, MN there were 13.1% less homes for sale than in October 2024. In November 2024, listings were on the market for 40 days. During the same period, the median list price in this real estate market was $410,588.

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

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