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57380 240th St

Wells, MN 56097

4 bd 2 ba 2,328 sqft Built 1932 Lot 217,800 sqft single_family
Most recent sale
$279,900
Jul 1, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Jul 1, 2022 Sold $279,900 MLS #7029676
May 4, 2022 Listed $279,900 MLS #7029676
Apr 3, 2020 Sold $175,000 MLS #7023046
Jan 20, 2020 Relisted $174,900 MLS #7023046
Jan 16, 2020 Listing removed $174,900 Mankato
Jan 15, 2020 Listed $174,900 MLS #7023046
Aug 1, 2018 Sold $155,000 Public Record
Apr 5, 2012 Sold $125,000 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2020 $103,600 $808
2019 $92,300 $762
2018 $64,486 $27,814 $92,300 $770
2017 $59,772 $27,328 $87,100 $738
2016 $81,100 $696
2015 $77,800 $606
2014 $76,900 $638
2013 $84,300 $798
2011 $69,800 $38,400 $108,200 $917

Property facts

Year built
1932
Property type
single_family
Stories
1
Beds
4
Baths
2
Living area
2,328 sqft
Lot size
217,800 sqft
ZIP code
56097
City
Wells
Street
240th St
Coordinates
43.83271, -93.72107

Comparable properties nearby

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$1,679
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value

Frequently asked questions

When did 57380 240th St last sell?
57380 240th St most recently sold on Jul 1, 2022 for $279,900.
What is the current tax assessment for 57380 240th St?
The most recent total assessment for 57380 240th St (year 2020) is $103,600 with $808 in property tax.
How does 57380 240th St's assessment compare to its last sale price?
The current assessment is 63.0% below the last sale price of $279,900.
When was 57380 240th St built?
57380 240th St was built in 1932.
How does 57380 240th St compare to others on 240th St?
We track 3 other properties on 240th St. Browse the list under "Other properties on 240th St" to compare beds, baths, and sale history.
What are the property facts for 57380 240th St?
57380 240th St is a 4 bed, 2 bath, 2,328 sqft, 217,800 sqft lot single_family.
Is 57380 240th St a flip candidate?
No — 57380 240th St does not appear in our flips dataset.
Is 57380 240th St a tax-appeal candidate?
No — 57380 240th St is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+4.0%
Implied 1-yr
+16.1%
2025 Q4
$174.2K
2026 Q1
$179.7K
ZIP 56097 — Median Price History + Forecast

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