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Single Family ResidenceResidential
$286,777$194 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 96How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Sep 24, 2026
Last sold for $239,000 on Oct 23, 2019

505 ELM ST

FARMINGTON, MN 55024
3
Beds
3
Baths
1,480 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.
0.24 ac
Lot SizeThe size of the land the home sits on, from county records.
1942
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
1
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$287K
$276K low$298K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$239,000 · Oct 23, 2019

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$3,248 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$243,900 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$55,200
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$188,700
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$231,700
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$243,900

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
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.1971
Lot (acres)The size of the land the home sits on, from county records.0.23
ConstructionThe main material the home's frame and walls are built from.Wood (Unspecified)
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Detached
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(4)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Foreclosure Filings(1)

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

E
Riverview Elementary SchoolB
Elementary · Grades KG–5 · 0.5 mi
M
Dodge Middle SchoolC+
Middle · Grades 6–8 · 0.5 mi
H
Farmington High SchoolC
High · Grades 9–12 · 3.2 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

505 Elm 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.

  • Worth less than 79% of homes in Farmington 55024
  • Costs more per square foot than 65% of homes in Farmington 55024
  • Smaller than 83% of homes in Farmington 55024
  • Older than 97% of homes in Farmington 55024

What homes are worth in Farmington 55024

Each bar is how many homes fall in that price range. The marker is this home.

This home
$197K$668K

This home is worth more than 21% 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.

Estimated value$286,777
CheaperTypical $382,946Pricier

Pricier than 21% of homes nearby

Price per ft²$194
CheaperTypical $181Pricier

Pricier than 65% of homes nearby

Living area1,480 ft²
SmallerTypical 1,944 ft²Bigger

Bigger than 17% of homes nearby

Lot size0.24 ac
SmallerTypical 0.26 acBigger

Bigger than 38% of homes nearby

Year built1942
OlderTypical 1999Newer

Newer than 3% of homes nearby

How 505 Elm St ranks against every home in each area.
MeasureThis homeFarmington 55024Dakota County
Estimated valuepricier than$286,77721% of homes24% of homes
Price per ft²pricier than$19465% of homes64% of homes
Living areabigger than1,480 ft²17% of homes22% of homes
Lot sizebigger than0.24 ac38% of homes37% of homes
Year builtnewer than19423% of homes4% of homes

About 505 Elm St

How much is 505 Elm St, Farmington, MN worth?

The TopHap Estimate for 505 Elm St, Farmington, MN is $286,777 as of Sep 24, 2026. The likely range is $275,977 to $297,577. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 505 Elm St, Farmington, MN last sell?

505 Elm St, Farmington, MN last sold on Oct 23, 2019 for $239,000, according to the county's recorded deed. TopHap holds 3 recorded sales for this parcel.

How big is 505 Elm St, Farmington, MN?

505 Elm St, Farmington, MN has 3 bedrooms, 3 bathrooms, 1,480 square feet of living space and a 0.23-acre lot.

When was 505 Elm St, Farmington, MN built?

505 Elm St, Farmington, MN was built in 1942, making it 84 years old. The building has 1 story.

What schools serve 505 Elm St, Farmington, MN?

505 Elm St, Farmington, MN is assigned to Riverview Elementary School (elementary), rated B; Dodge 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 505 Elm St, Farmington, MN compare to other homes in Farmington 55024?

Among the 13,094 homes in Farmington 55024, it is worth more than 21% of them ($286,777 against a typical $382,946), its price per square foot is higher than 65% of them ($194 against a typical $181), it is bigger than 17% of them (1,480 ft² against a typical 1,944 ft²), its lot is bigger than 38% of them (0.24 ac against a typical 0.26 ac) and it is newer than 3% of them (1942 against a typical 1999). Measured against all of Dakota County, it is worth more than 24% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 505 Elm St, Farmington, MN?

The 2025 property tax bill for 505 Elm St, Farmington, MN was $3,248. The county assessed it at $243,900.

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