The very low temperature and luminosity of Teegarden's Star explains why it was not discovered earlier, since it has an apparent magnitude of only 15.1 (and an absolute magnitude of 17.22). Like most red and brown dwarfs it emits most of its energy in the infrared spectrum. It is also older than the Sun, with age of 8 billion years. It was discovered in 2003. Astronomers had long thought it was likely that many undiscovered dwarf stars existed within 20 light-years of Earth, because stellar-population surveys show the count of known nearby dwarf stars to be lower than otherwise expected, and these stars are dim and easily overlooked. Teegarden's team thought that these dim stars might be found by data mining some of the huge optical sky survey data sets taken by various programs for other purposes in previous years. So they reexamined the NEAT asteroid tracking data set and found this star. The star was then located on photographic plates from the Palomar Sky Survey taken in 1951. This discovery is significant as the team did not have direct access to any telescopes and did not include professional astronomers at the time of the discovery. The parallax was initially measured as 0.43 ± 0.13 arcseconds. This would have placed its distance at only 7.50 light-years, making Teegarden's Star only the third star system in order of distance from the Sun, ranking between Barnard's Star and Wolf 359. However, even at that time the anomalously low luminosity (the absolute magnitude would have been 18.5) and high uncertainty in the parallax suggested that it was in fact somewhat farther away, still one of the Sun's nearest neighbors but not nearly as high in the ranking in order of distance. A more accurate parallax measurement of 0.2593 arcseconds was made by George Gatewood in 2009, yielding the now accepted distance of 12.578 light-years.