$644,800
1 Bath
4,176 sqft (on 38 acres)
40407 State Highway 87, Frazee, MN 56544
Est. Refi. Payment $4,023/mo*
Refinance Your HomeCurrently Off Market - Sold Sep 26, 2022 for $952,000
Home Value
Trulia Estimate
$645KSince last month
Decreased$141K (-18%)Since last year
Increased$150K (+30.3%)Since last sale
Decreased$307K (-32.3%)Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.
Trulia Estimate
The of this home's value increased by +22% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| September 2026 | $645K |
2025 | |
2024 | |
2023 | |
2022 | |
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
3.91 | Lot/Land | $195,624 | 05/11/26 | - | - | ||
4.27 | Lot/Land | $75,000 | 09/25/26 | - | - | ||
5.67 | Lot/Land | $321,300 | 02/18/26 | - | - | ||
5.13 | Lot/Land | $400,000 | 01/30/26 | - | - | ||
6.73 | Lot/Land | $140,000 | 04/15/26 | - | - |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.46 | $269,800 | 3 | 1 | 1,596 | Off Market | |
0.85 | $344,600 | 3 | 1 | 2,176 | Off Market | |
1.29 | $341,700 | 2 | 2.5 | 1,988 | Off Market | |
1.34 | - | - | - | - | Off Market | |
1.41 | - | - | - | - | Off Market |
Local Information
- Map ViewExplore the area around 40407 State Highway 87.
- Schools1 Preschool School1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
Home Highlights
Lot/Land
Built in 1923
38 acre lot
4,176 sqft
$154/sqft
Garage
About this House
What's unique:Multiple outbuildingsRetail store
Prime Hunting Land! Located on the corner of Hwy 87 and Cty Rd 33 (51). 38.12 Acres that is adjacent to 44 Acres of State land. Great coverage of trees, some wet land (we know deer love the lowlands..) and some open area. This one won't last long!
40407 State Highway 87, Frazee, MN 56544 is a 1 bathroom, 4,176 sqft lot/land built in 1923. It last sold for $952,000 on Sep 26, 2022. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $644,800.
Home Details for 40407 State Highway 87
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Heating & Cooling Heating: Forced Air, Wood PelletHeating Fuel: Forced Air |
Levels, Entrance, & Accessibility Stories: 1Floors: Laminate |
Interior Details Number of Rooms: 7 |
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Exterior Home Features Roof: AsphaltExterior: CompositionFoundation Type: Concrete |
Parking & Garage GarageParking: Garage Detached |
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Year Built Year Built: 1923 |
Property Type / Style Property Type: Lot Land |
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Lot Area: 38.00 acres |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Sep 26, 2022 Source: NorthstarMLS as distributed by MLS GRID #6217083 | Sold | $952,000 |
Mar 1, 2014 Source: Agent Provided | ListingRemoved | $74,900 |
Jan 8, 2014 Source: Agent Provided | Listed For Sale | $74,900 |
Oct 2, 2013 Source: N/A | Sold | $166,000 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $2,446 | $864,800 |
Home facts updated by county records
Market trends in Frazee
Last updated August 2026
Avg. sale price
—
Sale-to-List Price
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Price per sq ft
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Available listings
5
Around this home
What Locals Say about Frazee
At least 2 Trulia users voted on each feature.
100 % Say kids play outside
100 % Say parking is easy
100 % Say there are sidewalks
80 % Say car is needed
75 % Say streets are well-lit
75 % Say there's holiday spirit
67 % Say neighbors are friendly
67 % Say yards are well-kept
67 % Say they plan to stay for at least 5 years
67 % Say it's walkable to grocery stores
60 % Say people would walk alone at night
50 % Say it's dog friendly
50 % Say it's quiet
50 % Say there's wildlife
50 % Say it's walkable to restaurants
Sourced by Trulia users. Learn more about our methodology.
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