587th Ave
Lafayette, MN 56054
Studio
990 sqft (on 5.11 acres)
Studio
990 sqft
(on 5.11 acres)
Home Value
Trulia Estimate
$510KSince last month
Decreased$8K (-1.5%)Since last year
Decreased$14K (-2.6%)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 decreased by -50% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| August 2026 | $510K |
| July 2026 | $518K |
| June 2026 | $511K |
| May 2026 | $518K |
| April 2026 | $500K |
| March 2026 | $520K |
| February 2026 | $497K |
| January 2026 | $509K |
2025 | |
2024 | |
2023 | |
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 |
|---|---|---|---|---|---|---|---|
2.94 | Single-Family Home | $300,000 | 09/19/25 | 3 | 2 | 1,842 | |
2.80 | Single-Family Home | $591,000 | 03/20/26 | 4 | 3 | 3,772 | |
2.57 | Single-Family Home | $559,000 | 10/17/25 | 4 | 2.5 | 4,171 | |
3.16 | Single-Family Home | $400,000 | 12/15/25 | 2 | 4 | 2,218 | |
4.46 | Single-Family Home | $198,700 | 02/26/26 | 2 | 2 | 1,603 | |
4.63 | Single-Family Home | $185,000 | 07/02/26 | 4 | 2 | 1,502 | |
4.00 | Single-Family Home | $280,000 | 08/21/25 | 4 | 3 | 2,856 | |
4.06 | Single-Family Home | $349,900 | 06/25/26 | 4 | 2 | 3,036 | |
4.29 | Single-Family Home | $135,000 | 10/24/25 | 3 | 2 | 1,355 | |
4.59 | Single-Family Home | $365,000 | 01/02/26 | 5 | 3 | 3,519 |
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 |
|---|---|---|---|---|---|---|
4.48 | $188,200 | Studio | - | 1,944 | Off Market |
Local Information
- Map ViewExplore the area around 587th Ave.
- Schools1 Preschool School3 Elementary Schools1 Middle School2 High Schools
- Shop & Eat
-- mins to
Home Highlights
Property Type
Single-Family Home
Year Built
2021
Lot Size
5.11 acres
Living Area
990 sqft
Price/Sqft
$515
About this House
This single-family home is located at 587th Ave, Lafayette, MN. 587th Ave is in Lafayette, MN and in ZIP code 56054. This property has approximately 990 sqft of floor space. This property has a lot size of 5.11 acres and was built in 2021.
587th Ave, Lafayette, MN 56054 is a studio, 990 sqft single-family home built in 2021. It is currently off market. The Trulia Estimate is $509,800, with a rent estimate of $1,579/month.
Home Details for 587th Ave
|
|---|
Year Built Year Built: 2021 |
Property Type / Style Property Type: Single Family Home |
|
|---|
Lot Area: 5.11 acres |
Price and Tax history
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $4,172 | $737,300 |
Home facts updated by county records
Market trends in Lafayette
Last updated July 2026
Avg. sale price
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Sale-to-List Price
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Price per sq ft
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Available listings
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Around this home
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Frequently asked questions about 587th Ave
- What is 587th Ave estimated to be worth?Trulia's estimated value for 587th Ave in Lafayette, MN is $509,800.
- Is Lafayette a buyer's or seller's market?Lafayette is currently a buyer's market, based on recent for-sale activity.
- What are the closest schools to 587th Ave?The closest schools to 587th Ave in Lafayette, MN are Esy (Elementary/Middle/High), Jefferson Elementary School (rated 5/10), New Ulm High School (rated 9/10).
- How big is the lot at 587th Ave?The lot at 587th Ave in Lafayette, MN is about 5.1 acres.
Apartments for Rent
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Off Market Homes Near 587th Ave
SOLDDEC 15, 2025
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Homes for sale near 587th Ave
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