11241 40th St
Lake Elmo, MN 55042
4 bd 3 ba 2,543 sqft Built 2017 Lot 9,017 sqft single_family
Most recent sale
$635,000
Jul 13, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Aug 7, 2025 | Sold | $647,000 | NorthstarMLS |
| Jun 24, 2025 | Listed | $650,000 | NorthstarMLS |
| Jul 13, 2022 | Sold | $635,000 | MLS #6202059 |
| Jun 6, 2022 | Listed | $619,900 | MLS #6202059 |
| Aug 6, 2017 | Sold | $470,800 | MLS #4809819 |
| Mar 29, 2017 | Listed | $470,623 | MLS #4809819 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $414,400 | $185,000 | $599,400 | $5,910 |
| 2024 | $414,000 | $185,000 | $599,000 | $5,484 |
| 2023 | $389,700 | $171,700 | $561,400 | $4,952 |
| 2022 | $326,700 | $142,500 | $469,200 | $4,858 |
| 2021 | $326,700 | $132,500 | $459,200 | $4,264 |
| 2020 | $326,700 | $132,500 | $459,200 | $4,326 |
| 2019 | $332,300 | $135,000 | $467,300 | $4,256 |
| 2018 | $302,600 | $130,000 | $432,600 | $316 |
| 2017 | — | $28,600 | $28,600 | $74 |
Property facts
Year built
2017
Property type
single_family
Stories
2
Beds
4
Baths
3
Living area
2,543 sqft
Lot size
9,017 sqft
ZIP code
55042
City
Lake Elmo
Street
40th St
Coordinates
45.00711, -92.87892
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$3,815
Gross rental yield
7.21%
Implied cap rate
4.69%
Trend-extrapolated value
—
Frequently asked questions
When did 11241 40th St last sell?
11241 40th St most recently sold on Jul 13, 2022 for $635,000.
What is the current tax assessment for 11241 40th St?
The most recent total assessment for 11241 40th St (year 2025) is $599,400 with $5,910 in property tax.
How does 11241 40th St's assessment compare to its last sale price?
The current assessment is 5.6% below the last sale price of $635,000.
When was 11241 40th St built?
11241 40th St was built in 2017.
How does 11241 40th St compare to others on 40th St?
We track 8 other properties on 40th St. Browse the list under "Other properties on 40th St" to compare beds, baths, and sale history.
What are the property facts for 11241 40th St?
11241 40th St is a 4 bed, 3 bath, 2,543 sqft, 9,017 sqft lot single_family.
Is 11241 40th St a flip candidate?
No — 11241 40th St does not appear in our flips dataset.
Is 11241 40th St a tax-appeal candidate?
No — 11241 40th St is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-0.2%
Implied 1-yr
-0.7%
2026 Q3
$832.2K
2026 Q4
$830.8K
ZIP 55042 — Median Price History + Forecast
Explore nearby
Geography
Other properties on 40th St