12871 Terrace Ln
Little Falls, MN 56345
4 bd 3 ba 2,570 sqft Built 1967 Lot 52,272 sqft single_family
Most recent sale
$432,500
Jun 30, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jun 30, 2022 | Sold | $432,500 | MLS #6181198 |
| May 3, 2022 | Price changed | $450,000 | MLS #6181198 |
| Apr 19, 2022 | Listed | $475,000 | MLS #6181198 |
| Nov 11, 2014 | Sold | $250,000 | MLS #4460787 |
| Sep 3, 2014 | Price changed | $269,000 | MLS #4460787 |
| Mar 28, 2014 | Listed | $279,000 | MLS #4460787 |
| Jan 1, 2014 | Sold | $250,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | — | — | $359,900 | $3,144 |
| 2023 | — | — | $327,400 | $3,176 |
| 2022 | — | — | $244,900 | $2,672 |
| 2021 | — | — | $229,200 | $2,570 |
| 2020 | — | — | $229,200 | $2,650 |
| 2019 | — | — | $201,500 | $2,428 |
| 2018 | — | — | $202,000 | $2,498 |
| 2017 | — | — | $182,200 | $2,274 |
| 2016 | — | — | $172,500 | $2,014 |
| 2015 | — | — | $172,500 | $2,090 |
| 2014 | — | — | $182,200 | $2,200 |
| 2013 | — | — | $185,300 | $2,378 |
| 2011 | $146,258 | $66,136 | $212,394 | $2,166 |
| 2010 | $146,258 | $66,136 | $212,394 | $2,336 |
| 2006 | — | — | $220,200 | $2,100 |
Property facts
Year built
1967
Property type
single_family
Stories
2
Beds
4
Baths
3
Living area
2,570 sqft
Lot size
52,272 sqft
ZIP code
56345
City
Little Falls
Street
Terrace Ln
Coordinates
45.94940, -94.38750
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$3,855
Gross rental yield
10.70%
Implied cap rate
6.95%
Trend-extrapolated value
—
Frequently asked questions
When did 12871 Terrace Ln last sell?
12871 Terrace Ln most recently sold on Jun 30, 2022 for $432,500.
What is the current tax assessment for 12871 Terrace Ln?
The most recent total assessment for 12871 Terrace Ln (year 2025) is $359,900 with $3,144 in property tax.
How does 12871 Terrace Ln's assessment compare to its last sale price?
The current assessment is 16.8% below the last sale price of $432,500.
When was 12871 Terrace Ln built?
12871 Terrace Ln was built in 1967.
How does 12871 Terrace Ln compare to others on Terrace Ln?
We track 8 other properties on Terrace Ln. Browse the list under "Other properties on Terrace Ln" to compare beds, baths, and sale history.
What are the property facts for 12871 Terrace Ln?
12871 Terrace Ln is a 4 bed, 3 bath, 2,570 sqft, 52,272 sqft lot single_family.
Is 12871 Terrace Ln a flip candidate?
No — 12871 Terrace Ln does not appear in our flips dataset.
Is 12871 Terrace Ln a tax-appeal candidate?
No — 12871 Terrace Ln is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+1.8%
Implied 1-yr
+7.2%
2026 Q3
$270.8K
2026 Q4
$275.2K
ZIP 56345 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Terrace Ln