51979 State Highway 48
Hinckley, MN 55037
3 bd 3 ba 2,300 sqft Built 1971 Lot 3,484,800 sqft single_family
Most recent sale
$505,000
Oct 25, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Oct 25, 2022 | Sold | $505,000 | MLS #6228204 |
| Aug 19, 2022 | Price changed | $525,000 | MLS #6228204 |
| Jul 29, 2022 | Price changed | $550,000 | MLS #6228204 |
| Jun 29, 2022 | Listed | $599,000 | MLS #6228204 |
| Jan 8, 1999 | Sold | $174,900 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $408,400 | $159,900 | $568,300 | $3,976 |
| 2020 | — | — | $330,800 | $2,072 |
| 2019 | — | — | $313,600 | $1,976 |
| 2018 | — | — | $294,900 | $1,950 |
| 2017 | $195,217 | $89,083 | $284,300 | $1,888 |
| 2016 | $185,989 | $87,911 | $273,900 | $1,812 |
| 2015 | $180,434 | $87,166 | $267,600 | $1,696 |
| 2014 | $175,240 | $87,060 | $262,300 | $1,692 |
| 2013 | $177,572 | $87,128 | $264,700 | $1,676 |
| 2012 | $179,428 | $90,172 | $269,600 | $1,690 |
| 2011 | $195,344 | $111,456 | $306,800 | $1,614 |
| 2010 | $221,800 | $122,600 | $344,400 | $1,660 |
Property facts
Year built
1971
Property type
single_family
Stories
1
Beds
3
Baths
3
Living area
2,300 sqft
Lot size
3,484,800 sqft
ZIP code
55037
City
Hinckley
Street
State Highway 48
Coordinates
46.01399, -92.60299
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$3,450
Gross rental yield
8.20%
Implied cap rate
5.33%
Trend-extrapolated value
—
Frequently asked questions
When did 51979 State Highway 48 last sell?
51979 State Highway 48 most recently sold on Oct 25, 2022 for $505,000.
What is the current tax assessment for 51979 State Highway 48?
The most recent total assessment for 51979 State Highway 48 (year 2025) is $568,300 with $3,976 in property tax.
How does 51979 State Highway 48's assessment compare to its last sale price?
The current assessment is 12.5% above the last sale price of $505,000.
When was 51979 State Highway 48 built?
51979 State Highway 48 was built in 1971.
How does 51979 State Highway 48 compare to others on State Highway 48?
We track 8 other properties on State Highway 48. Browse the list under "Other properties on State Highway 48" to compare beds, baths, and sale history.
What are the property facts for 51979 State Highway 48?
51979 State Highway 48 is a 3 bed, 3 bath, 2,300 sqft, 3,484,800 sqft lot single_family.
Is 51979 State Highway 48 a flip candidate?
No — 51979 State Highway 48 does not appear in our flips dataset.
Is 51979 State Highway 48 a tax-appeal candidate?
No — 51979 State Highway 48 is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+5.3%
Implied 1-yr
+21.1%
2026 Q3
$288K
2026 Q4
$288K
ZIP 55037 — Median Price History + Forecast
Explore nearby
Geography
Other properties on State Highway 48