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Office BuildingCommercial
Last sold for $60,000 on Feb 11, 2003

423 3RD ST

FARMINGTON, MN 55024
1
Baths
1,393 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
1,742 ft²
Lot SizeThe size of the land the home sits on, from county records.
1929
Year BuiltThe year the home was originally built, according to county records.

Valuation

Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$60,000 · Feb 11, 2003

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$1,836 (2024)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$98,300 (2024)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$18,100
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$80,200
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$93,100
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$98,300

Climate Risk

Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.7 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.6%
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.minimal

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Office Building
CountyDakota
Effective Year BuiltAn adjusted build year that accounts for condition and major remodels. A big renovation can make a home count as newer than it is.1999
Lot (acres)The size of the land the home sits on, from county records.0.04
ConstructionThe main material the home's frame and walls are built from.Concrete
HeatingThe type of heating system in the home.None

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Farmington Elementary SchoolB
Elementary · Grades KG–5 · 0.4 mi
M
Boeckman Middle SchoolC+
Middle · Grades 6–8 · 0.6 mi
H
Farmington High SchoolC
High · Grades 9–12 · 3.1 mi

District: Farmington Area Public Schools

Neighborhood · ZIP 55024These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.51
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.78
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.14

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.98%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.30%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.3.3%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.1%
PopulationHow many people live in this area.38,340
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.439 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$117,017
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$132,927
Average tempThe average temperature here across a full year.45°F
Annual precipHow much rain and melted snow falls here in a typical year.32 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.58%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

423 3rd St measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Smaller than 87% of homes in Farmington 55024
  • Has a smaller lot than 98% of homes in Farmington 55024
  • Older than 97% of homes in Farmington 55024

How it measures up in Farmington 55024

The dot is this home. The mark in the middle is the typical home in Farmington 55024.

Living area1,393 ft²
SmallerTypical 1,941 ft²Bigger

Bigger than 13% of homes nearby

Lot size1,742 ft²
SmallerTypical 0.26 acBigger

Bigger than 2% of homes nearby

Year built1929
OlderTypical 1999Newer

Newer than 3% of homes nearby

How 423 3rd St ranks against every home in each area.
MeasureThis homeFarmington 55024Dakota County
Living areabigger than1,393 ft²13% of homes17% of homes
Lot sizebigger than1,742 ft²2% of homes2% of homes
Year builtnewer than19293% of homes3% of homes

About 423 3rd St

When did 423 3rd St, Farmington, MN last sell?

423 3rd St, Farmington, MN last sold on Feb 11, 2003 for $60,000, according to the county's recorded deed.

How big is 423 3rd St, Farmington, MN?

423 3rd St, Farmington, MN has 1 bathrooms, 1,393 square feet of living space and a 0.04-acre lot.

When was 423 3rd St, Farmington, MN built?

423 3rd St, Farmington, MN was built in 1929, making it 97 years old.

What schools serve 423 3rd St, Farmington, MN?

423 3rd St, Farmington, MN is assigned to Farmington Elementary School (elementary), rated B; Boeckman Middle School (middle), rated C+; Farmington High School (high), rated C. All sit in Farmington Area Public Schools. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 423 3rd St, Farmington, MN compare to other homes in Farmington 55024?

Among the 13,095 homes in Farmington 55024, it is bigger than 13% of them (1,393 ft² against a typical 1,941 ft²), its lot is bigger than 2% of them (1,742 ft² against a typical 0.26 ac) and it is newer than 3% of them (1929 against a typical 1999). These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 423 3rd St, Farmington, MN?

The 2024 property tax bill for 423 3rd St, Farmington, MN was $1,836. The county assessed it at $98,300.

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