Alexander Steven and Jenna Colette Thamel acquire 5540 Timber Trail, Independence, appraised at $850,000

The home at 5540 Timber Trail, Independence, Hennepin County, was sold on June 26 by Christine Lea Larson and Edward Cheney Vanecek for $850,000.

Alexander Steven and Jenna Colette Thamel were listed as the buyers.

Property taxes on the home totaled $9,301 in 2025, or 1.1% of the sale price.

This property is the only sale in Independence, Hennepin County, between May 26 and June 26.

This article is based on data published by BlockShopper.com.

U.S. home prices continued to rise in 2025, with the national median reaching about $447,000 in June. That's up 1.13% from a year earlier, according to Redfin. The data also show a significant gap in supply and demand, with 36% more sellers than buyers (a difference of 508,715 homes). By Redfin’s definition, a balanced market has seller and buyer numbers within 10% of each other.