1040 Spruce St
Newport, MN 55055
2 bd 3 ba 2,344 sqft Built 2021 Lot 6,534 sqft single_family
Most recent sale
$529,975
Apr 22, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Apr 22, 2022 | Sold | $529,975 | MLS #6115454 |
| Oct 17, 2021 | Listed | $529,975 | MLS #6115454 |
| Sep 1, 2021 | Listing removed | $464,990 | NorthstarMLS |
| Jun 27, 2021 | Listed | $464,990 | MLS #6016108 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $315,700 | $128,200 | $443,900 | $6,044 |
| 2024 | $335,100 | $185,900 | $521,000 | $6,660 |
| 2023 | $117,900 | $214,600 | $332,500 | $4,266 |
| 2022 | — | $128,000 | $128,000 | $2,426 |
| 2021 | — | $57,900 | $57,900 | $1,104 |
| 2020 | — | $57,900 | $57,900 | $110 |
Property facts
Year built
2021
Property type
single_family
Stories
1
Beds
2
Baths
3
Living area
2,344 sqft
Lot size
6,534 sqft
ZIP code
55055
City
Newport
Street
Spruce St
Coordinates
44.88513, -92.97517
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$3,516
Gross rental yield
7.96%
Implied cap rate
5.17%
Trend-extrapolated value
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Frequently asked questions
When did 1040 Spruce St last sell?
1040 Spruce St most recently sold on Apr 22, 2022 for $529,975.
What is the current tax assessment for 1040 Spruce St?
The most recent total assessment for 1040 Spruce St (year 2025) is $443,900 with $6,044 in property tax.
How does 1040 Spruce St's assessment compare to its last sale price?
The current assessment is 16.2% below the last sale price of $529,975.
When was 1040 Spruce St built?
1040 Spruce St was built in 2021.
How does 1040 Spruce St compare to others on Spruce St?
We track 8 other properties on Spruce St. Browse the list under "Other properties on Spruce St" to compare beds, baths, and sale history.
What are the property facts for 1040 Spruce St?
1040 Spruce St is a 2 bed, 3 bath, 2,344 sqft, 6,534 sqft lot single_family.
Is 1040 Spruce St a flip candidate?
No — 1040 Spruce St does not appear in our flips dataset.
Is 1040 Spruce St a tax-appeal candidate?
No — 1040 Spruce 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
+5.0%
Implied 1-yr
+20.1%
2026 Q3
$466K
2026 Q4
$483.7K
ZIP 55055 — Median Price History + Forecast
Explore nearby
Geography
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