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  • $420,000

    17137 Franchise Way, Farmington, MN 55024

    5beds
    2,478sqft
    Single Family
    Built in 1980
    0.25 Acres Lot
    $420,300 Zestimate®
    $169/sqft
    $3,178 Estimated rent

    Home value

    $420,300

    $395,000 - $446,000

    $3,178/mo

    Zestimate® history
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    What's special

    Some homes just feel different the moment you walk in. Not because they’re flashy or overdone, but because they’ve been truly cared for over the years. Welcome to this beautifully maintained four-level split in Lakeville, proudly owned by the same owner since 1997. From the moment you step inside, you’ll notice the warmth and character that make this home stand out from the rest. The inviting living room features gorgeous wood ceilings and wood accents, a cozy wood-burning fireplace, and a layout that instantly feels like home. Just off the living room, enjoy a walkout to the flat backyard, creating the perfect setup for summer nights, kids playing, pets running around, or simply relaxing outside. The main level flows beautifully with a formal dining area and an updated kitchen featuring hardwood floors, newer countertops, stainless steel appliances, and recently updated carpet throughout portions of the home. You’ll also find a convenient half bath, laundry area, and an attached garage with clean epoxy floors. Upstairs offers three bedrooms, including a full bathroom and a 3/4 bathroom, while the finished lower level provides even more flexibility with two additional bedrooms, perfect for guests, office space, workout room, or multigenerational living. Outside, the large driveway and side parking area/carport give you extra space for a boat, trailer, toys, or additional vehicles, something that’s getting harder and harder to find. Major updates have already been taken care of, including furnace (2018), water softener (2017), electrical panel (2024), water heater (2015), roof (2017), garage door (2024), carpet (2020), and driveway seal coating (2025). If you’ve been searching for a home with real character, functional space, and pride of ownership you can actually feel, this Lakeville home is one you won’t want to miss.

    Zillow last checked:

    Listing updated:

    Listed by:

    Demyan Trofimovich 651-767-2462,

    eXp Realty

    Bought with:

    Katie Chandler

    RE/MAX Results

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7076462MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    • Full bathrooms: 1
    • 3/4 bathrooms: 1
    • 1/2 bathrooms: 1
    Bedroom
    • Level: Upper
    • Area: 195 Square Feet
    • Dimensions: 15 x 13
    Bedroom 2
    • Level: Upper
    • Area: 117 Square Feet
    • Dimensions: 13 x 9
    Bedroom 3
    • Level: Upper
    • Area: 120 Square Feet
    • Dimensions: 12 x 10
    Bedroom 4
    • Level: Basement
    • Area: 81 Square Feet
    • Dimensions: 9x9
    Bedroom 5
    • Level: Basement
    • Area: 165 Square Feet
    • Dimensions: 15x11
    Dining room
    • Level: Main
    • Area: 150 Square Feet
    • Dimensions: 15 x 10
    Family room
    • Level: Lower
    • Area: 286 Square Feet
    • Dimensions: 22 x 13
    Informal dining room
    • Level: Main
    • Area: 140 Square Feet
    • Dimensions: 14 x 10
    Kitchen
    • Level: Main
    • Area: 132 Square Feet
    • Dimensions: 12 x 11
    Living room
    • Level: Main
    • Area: 210 Square Feet
    • Dimensions: 14 x 15
    Storage
    • Level: Basement
    • Area: 44 Square Feet
    • Dimensions: 11x4
    Heating
    • Forced Air
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
    Features
    • Basement: Drain Tiled,Partial,Sump Pump
    • Number of fireplaces: 1
    • Fireplace features: Family Room, Other
    Interior area
    • Total structure area: 2,478
    • Total interior livable area: 2,478 sqft
    • Finished area above ground: 2,002
    • Finished area below ground: 476

    Property

    Parking
    • Total spaces: 2
    • Parking features: Attached, Garage Door Opener
    • Attached garage spaces: 2
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: None
    Features
    • Levels: Four or More Level Split
    Lot
    • Size: 0.25 Acres
    Details
    • Foundation area: 1522
    • Parcel number: 222085003240
    • Zoning description: Residential-Single Family

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family
    Condition
    • New construction: No
    • Year built: 1980

    Utilities & green energy

    • Gas: Natural Gas
    • Sewer: City Sewer/Connected
    • Water: City Water/Connected

    Community & neighborhood

    Location
    • Region: Farmington

    HOA & financial

    HOA
    • Has HOA: No

    Price history

    DateEventPrice
    6/26/2026Sold$420,000-1.2%$169/sqft
    Source: NorthstarMLS as distributed by MLS GRID #7076462 Report a problem
    6/4/2026Pending sale$425,000$172/sqft
    Source: NorthstarMLS as distributed by MLS GRID #7076462 Report a problem
    5/23/2026Listed for sale$425,000+254.2%$172/sqft
    Source: NorthstarMLS as distributed by MLS GRID #7076462 Report a problem
    10/31/1997Sold$120,000-7.6%$48/sqft
    Source: Public Record Report a problem
    8/12/1996Sold$129,900$52/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$5,134 -0.9%$449,300 -1.4%
    2023$5,180 +3.5%$455,600 +5%
    2022$5,006 +6.9%$433,900 +22.7%
    2021$4,684 +2.2%$353,700 +7.7%
    2020$4,582 -2.6%$328,564 -1.3%
    2019$4,706 $332,900 +6.4%
    2018$4,706 +5.9%$312,800 +9.4%
    2017$4,445 +7.3%$285,800 +8%
    2016$4,141 +4.9%$264,700 +14.1%
    2015$3,947 +3.4%$231,990 +5.3%
    2014$3,816 +11.9%$220,218 +15.4%
    2013$3,411 +7%$190,897
    2012$3,187 +8.9%--
    2011$2,927 -7.5%--
    2010$3,165 -1.4%--
    2009$3,209 +0%--
    2008$3,209 +11.5%--
    2007$2,877 +8.6%--
    2006$2,650 +46.5%--
    2004$1,809 +4.3%--
    2003$1,734 +18.9%--
    2002$1,458 -22.3%--
    2001$1,876 --

    Find assessor info on the county website

    Neighborhood: 55024

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $420,300
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    Estimated market value
    $420,300