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Single Family ResidenceResidential
$219,134$165 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 88How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Aug 30, 2026
Last sold for $222,000 on Jun 4, 2019

12723 TERRACE LN

LITTLE FALLS, MN 56345
4
Beds
2.5
Baths
1,328 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.58 ac
Lot SizeThe size of the land the home sits on, from county records.
1958
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
2
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$219K
$194K low$244K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$222,000 · Jun 4, 2019

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$2,560 (2026)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$337,000 (2026)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$102,300
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$234,700
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$322,200
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$337,000

Climate Risk

Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.54 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.51%

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
CountyMORRISON
Effective Year BuiltAn adjusted build year that accounts for condition and major remodels. A big renovation can make a home count as newer than it is.1985
Lot (acres)The size of the land the home sits on, from county records.0.58
ConstructionThe main material the home's frame and walls are built from.Frame (Unspecified)
RoofThe main material covering the roof, such as asphalt shingle or tile.Asphalt
HeatingThe type of heating system in the home.Central
CoolingThe type of cooling or air conditioning in the home.None
FireplaceWhether the home has a fireplace, and what kind.Yes
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Attached
PoolWhether the property has a pool, and what kind, such as in-ground.No
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Deck · 462 ft²Porch · 312 ft²

Transaction History(2)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Lincoln Elementary SchoolA-
Elementary · Grades PK–2 · 2.0 mi
H
Little Falls Senior High SchoolB-
High · Grades 9–12 · 2.6 mi
M
Community Middle SchoolC-
Middle · Grades 6–8 · 2.8 mi

District: Little Falls Public School District

Neighborhood · ZIP 56345These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.114
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.92
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.14

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.95%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.14%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.14%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.3%
PopulationHow many people live in this area.14,699
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.62 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$59,507
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$74,831
Average tempThe average temperature here across a full year.42°F
Annual precipHow much rain and melted snow falls here in a typical year.27 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.59%

Owner Tools

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

12723 Terrace Ln measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Older than 69% of homes in Morrison County

What homes are worth in Little Falls 56345

Each bar is how many homes fall in that price range. The marker is this home.

This home
$70K$548K

This home is worth more than 55% of homes in Little Falls 56345.

How it measures up in Little Falls 56345

The dot is this home. The mark in the middle is the typical home in Little Falls 56345.

Estimated value$219,134
CheaperTypical $206,165Pricier

Pricier than 55% of homes nearby

Price per ft²$165
CheaperTypical $155Pricier

Pricier than 59% of homes nearby

Living area1,328 ft²
SmallerTypical 1,378 ft²Bigger

Bigger than 46% of homes nearby

Lot size0.58 ac
SmallerTypical 0.57 acBigger

Bigger than 50% of homes nearby

Year built1958
OlderTypical 1974Newer

Newer than 38% of homes nearby

How 12723 Terrace Ln ranks against every home in each area.
MeasureThis homeLittle Falls 56345Morrison County
Estimated valuepricier than$219,13455% of homes47% of homes
Price per ft²pricier than$16559% of homes44% of homes
Living areabigger than1,328 ft²46% of homes46% of homes
Lot sizebigger than0.58 ac50% of homes38% of homes
Year builtnewer than195838% of homes31% of homes

About 12723 Terrace Ln

How much is 12723 Terrace Ln, Little Falls, MN worth?

The TopHap Estimate for 12723 Terrace Ln, Little Falls, MN is $219,134 as of Aug 30, 2026. The likely range is $193,880 to $244,388. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 12723 Terrace Ln, Little Falls, MN last sell?

12723 Terrace Ln, Little Falls, MN last sold on Jun 4, 2019 for $222,000, according to the county's recorded deed. TopHap holds 2 recorded sales for this parcel.

How big is 12723 Terrace Ln, Little Falls, MN?

12723 Terrace Ln, Little Falls, MN has 4 bedrooms, 2.5 bathrooms, 1,328 square feet of living space and a 0.58-acre lot.

When was 12723 Terrace Ln, Little Falls, MN built?

12723 Terrace Ln, Little Falls, MN was built in 1958, making it 68 years old. The building has 1 story.

What schools serve 12723 Terrace Ln, Little Falls, MN?

12723 Terrace Ln, Little Falls, MN is assigned to Lincoln Elementary School (elementary), rated A-; Little Falls Senior High School (high), rated B-; Community Middle School (middle), rated C-. All sit in Little Falls Public School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 12723 Terrace Ln, Little Falls, MN compare to other homes in Little Falls 56345?

Among the 6,385 homes in Little Falls 56345, it is worth more than 55% of them ($219,134 against a typical $206,165), its price per square foot is higher than 59% of them ($165 against a typical $155), it is bigger than 46% of them (1,328 ft² against a typical 1,378 ft²), its lot is bigger than 50% of them (0.58 ac against a typical 0.57 ac) and it is newer than 38% of them (1958 against a typical 1974). Measured against all of Morrison County, it is worth more than 47% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 12723 Terrace Ln, Little Falls, MN?

The 2026 property tax bill for 12723 Terrace Ln, Little Falls, MN was $2,560. The county assessed it at $337,000.

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