3 Beds   2 Baths   Single-Family
Get the Preforeclosure Address

Main St
Farmington, MN 55024

*Rental Value Coming Soon

Overview

This Single-Family Preforeclosure is located at Main St, Farmington, MN 55024. It has 3 Beds 2 Baths. This property is currently in auction.
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Status: Active
Listing ID: 63710050
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Homes near Main St in Farmington, Minnesota


Learn about Main St in Farmington, MN

This single-family property is available as a preforeclosure at Main St. This property features 3 bedrooms and 2 bathrooms, perfect for investment and/or your personal residence. Our team of real estate experts has conducted a thorough analysis of the current market conditions in Farmington, specifically for Main St and comparable listings. Based on this expert analysis, the estimated market value is still being calculated. If purchased for rental purposes, this property might present an opportunity to make monthly rental income. The rental value will be updated on this listing soon. Factors considered in this calculation include the property location, condition, status, and convenience, all assessed by our experienced professionals. Properties like this one on Main St are updated daily along with others in Farmington, Minnesota, ensuring you have the most current and accurate information. Since this property is a preforeclosure, be sure to check out our Foreclosure Timeline for Main St below to see detailed and helpful information about what stage of the foreclosure process this listing is in.


Foreclosure Timeline

Main St in Farmington Minnesota Property History

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

Find out more about this property on Main St
View Preforeclosure Status
07/22/25
Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.

This Property Has An Auction

Get up-to-date information and real-time property status updates:

Address: Main St Farmington MN 55024

Auction Time Left

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The countdown is usually accurate but not exact. To be safe, place bids 2 hours before the bidding ends.

What is the city of Farmington, MN like?

Farmington, Minnesota is a charming suburban city that offers a blend of a friendly community atmosphere and access to urban amenities. With a population that values family-friendly activities, residents enjoy various parks, recreational areas, and community events throughout the year. The city has prioritized green spaces, making it an ideal place for outdoor enthusiasts.

The local economy is supported by a mix of small businesses and larger corporations, providing a variety of employment opportunities. Farmington's strategic location, just a short drive from Minneapolis-Saint Paul, enables residents to easily enjoy the cultural and economic benefits of the larger Twin Cities area while still enjoying a quieter, suburban lifestyle.

Education is highly regarded in Farmington, with a number of top-rated public and private schools serving the community, making it an attractive location for families. Additionally, the city boasts convenient access to public transportation options, ensuring easy connectivity to surrounding areas.

Nearby Schools

There are 4 schools in the area. Nearby schools include Farmington High School and Riverview Elementary School.

Farmington High School
Riverview Elementary School
Akin Road Elementary School
Farmington Middle School

Nearby Attractions

There are plenty of activities near this property like Farmington Library, Farmington Community Center, and more.

Farmington Library
Farmington Community Center
Dakota County Technical College
HealthPartners Clinic

What kind of public transportation is there?


Public transportation options include: Metro Transit bus services connecting to nearby cities, Park and Ride facilities for commuters heading to Minneapolis-Saint Paul. Other services include ride-sharing services like Uber and Lyft.

Nearby Parks


Parks nearby include Rambling River Park, Dakota City Heritage Village and more.

Rambling River Park
Dakota City Heritage Village
Maitland Park
Rivers Edge Park

Cellular & Internet Providers


Services available in the area include cellular and internet options.

Cellular Providers

Verizon
AT&T
T-Mobile
Sprint

Internet Providers

Xfinity
CenturyLink
Frontier
Rental Chart
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for Main St in Farmington Minnesota
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Property Information

Public Records

Community & Neighborhood

This property in Farmington, MN is located in the A H Sprutes Add Subdivision.


Preforeclosure

The property located at Main St in Farmington, MN is listed as a Preforeclosure

This listing located at Main St in Farmington, MN could be available as a Rent-to-Own listing as well, additional diligence will be required from the buyer to determine if this listing can be approved as a RTO.

Please take note that this property in Farmington, Minnesota is not listed as a Rent-to-Own (RTO) opportunity. It is currently in an initial default stage in Farmington, MN, commonly referred to as Pre-Foreclosure, indicating that the homeowner has missed at least one payment and is considered delinquent. However, instead of going through a potentially lengthy foreclosure process, which could take up to 18 months, the homeowner may be open to considering a Rent-to-Own option that covers their mortgage.

Since Pre-Foreclosure properties are not formally listed for sale, there is no asking price available. Instead, you’ll find either the original loan balance or an Estimated Market Value (EMV) provided. To make a reasonable offer for this home, it’s advisable to use either the loan balance or EMV amount in conjunction with local sale price comparables to determine an appropriate offer. Alternatively, the homeowner might be willing to work with you on a monthly amount that can help them avoid the foreclosure process.

You may also want to check with a real estate attorney or other legal authority to discuss the potential risks of executing a Rent-to-Own agreement with the current Pre-foreclosure owner. If the current owner in Farmington, Minnesota doesn't make their mortgage payments, they could lose the property which would directly affect you and your Rent-to-Own agreement.

For this reason, many buyers find a real estate investor or investment company to buy a Pre-Foreclosure property from the current owner. The investor/investment company could then offer you a Rent-to-Own agreement on that property that you worked out with them in advance, which could stabilize the investment and prevent complications.

This is an important legal concept to understand before moving forward

First Steps to Buying a Preforeclosure

Preforeclosure status means the owner of the property has defaulted on his mortgage obligation and the lender is taking steps to foreclose on the loan and take possession of the property. This situation places the property owner and the lender in a disadvantaged position. But it may not be too late for the property owner to work things out with his lender.  At the same time the lender may be interested in allowing a short sale (sale of the property for less than the amount owed) just to avoid the costly process of foreclosure on the loan, and then the expense of marketing the property. That leaves open the opportunity for a real estate investor to come in and solve the problem for both parties.

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Auction Information

Loan Information

Legal Information

Credit Information Center

County Information

Document Center

Listing History

Start Date End Date Listing Type Bank Name
07/22/25   Preforeclosure
06/19/25   Preforeclosure Lakeview Loan Servicing LLC
06/18/25   Preforeclosure Crosscountry Mortgage Inc
02/16/23 04/05/23 Preforeclosure CROSSCOUNTRY MORTGAGE INC
02/08/23 04/05/23 Preforeclosure Crosscountry Mortgage LLC
12/28/08 04/13/09 Foreclosure

Similar Homes Nearby Farmington, MN


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Main St
Farmington, MN 55024

3 Beds   2 Baths   Single-Family

 

Status: Active Listing ID: 63710050

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Listing URL

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