228 Terrace Dr
Willmar, MN 56201
3 bd 2 ba 2,496 sqft Built 1957 Lot 9,060 sqft single_family
Most recent sale
$232,000
Aug 9, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Apr 15, 2026 | Price changed | $289,900 | NorthstarMLS |
| Mar 16, 2026 | Price changed | $295,000 | NorthstarMLS |
| Mar 7, 2026 | Listed | $299,000 | NorthstarMLS |
| Jan 5, 2026 | Price changed | $299,000 | NorthstarMLS |
| Nov 12, 2025 | Price changed | $309,000 | NorthstarMLS |
| Oct 29, 2025 | Listed | $320,000 | NorthstarMLS |
| Aug 9, 2022 | Sold | $232,000 | MLS #6233668 |
| Jul 13, 2022 | Listed | $220,000 | MLS #6233668 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2022 | $120,500 | $20,000 | $140,500 | $1,692 |
| 2020 | — | — | $102,498 | $1,476 |
| 2019 | — | — | $101,299 | $1,244 |
| 2018 | — | $83,968 | $83,968 | $1,238 |
| 2017 | — | $85,058 | $85,058 | $1,248 |
| 2016 | — | $83,750 | $83,750 | $1,184 |
| 2015 | — | $83,750 | $83,750 | $1,112 |
| 2014 | — | $88,700 | $88,700 | $1,548 |
| 2013 | — | $85,600 | $85,600 | $1,726 |
| 2012 | — | $88,400 | $88,400 | $1,856 |
| 2011 | — | $94,400 | $94,400 | $1,792 |
Property facts
Year built
1957
Property type
single_family
Stories
4
Beds
3
Baths
2
Living area
2,496 sqft
Lot size
9,060 sqft
ZIP code
56201
City
Willmar
Street
Terrace Dr
Coordinates
45.10089, -95.04604
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,392
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 228 Terrace Dr last sell?
228 Terrace Dr most recently sold on Aug 9, 2022 for $232,000.
What is the current tax assessment for 228 Terrace Dr?
The most recent total assessment for 228 Terrace Dr (year 2022) is $140,500 with $1,692 in property tax.
How does 228 Terrace Dr's assessment compare to its last sale price?
The current assessment is 39.4% below the last sale price of $232,000.
When was 228 Terrace Dr built?
228 Terrace Dr was built in 1957.
How does 228 Terrace Dr compare to others on Terrace Dr?
We track 8 other properties on Terrace Dr. Browse the list under "Other properties on Terrace Dr" to compare beds, baths, and sale history.
What are the property facts for 228 Terrace Dr?
228 Terrace Dr is a 3 bed, 2 bath, 2,496 sqft, 9,060 sqft lot single_family.
Is 228 Terrace Dr a flip candidate?
No — 228 Terrace Dr does not appear in our flips dataset.
Is 228 Terrace Dr a tax-appeal candidate?
No — 228 Terrace Dr is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-0.4%
Implied 1-yr
-1.7%
2026 Q3
$232.2K
2026 Q4
$231.2K
ZIP 56201 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Terrace Dr