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Single Family ResidenceResidential
$256,460$254 / 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 92How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Sep 24, 2026
Last sold for $175,000 on Aug 1, 2013

40407 502ND LN

PALISADE, MN 56469
2
Beds
0
Baths
1,008 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.
0.46 ac
Lot SizeThe size of the land the home sits on, from county records.
1967
Year BuiltThe year the home was originally built, according to county records.
3
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$256K
$236K low$277K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$175,000 · Aug 1, 2013

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$1,240 (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.$256,600 (2026)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$111,200
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$145,400
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$255,200
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$256,600

Climate Risk

Overall riskThe average of the five hazard scores below, on a 0 to 100 scale. Higher means greater projected risk over the coming decades.25
1
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
25
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
45
HeatProjected heat risk, scored 0 to 100, based on how many extremely hot days a year are expected. Higher is riskier.
53
StormProjected risk from heavy rainstorms, scored 0 to 100, based on how often extreme rainfall is expected. Higher is riskier.
4
DroughtProjected water shortage risk, scored 0 to 100. Higher means more strain on the local water supply.

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
StyleThe architectural style of the home, such as ranch or colonial.Ranch
CountyAITKIN
Lot (acres)The size of the land the home sits on, from county records.0.46
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Detached
PoolWhether the property has a pool, and what kind, such as in-ground.No

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

M
Aitkin High SchoolB
Middle · Grades 7–12 · 14.5 mi
E
Rippleside Elementary SchoolA-
Elementary · Grades PK–6 · 14.9 mi

District: Aitkin Public School District

Neighborhood · ZIP 56469These 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.105
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.93
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.46%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.10%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.13%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.1%
PopulationHow many people live in this area.1,318
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.4 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$60,454
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$74,051
Average tempThe average temperature here across a full year.40°F
Annual precipHow much rain and melted snow falls here in a typical year.28 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.59%

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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

40407 502nd 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.

  • Has a smaller lot than 80% of homes in Palisade 56469
  • Older than 79% of homes in Palisade 56469

What homes are worth in Palisade 56469

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

This home
$64K$664K

This home is worth more than 51% of homes in Palisade 56469.

How it measures up in Palisade 56469

The dot is this home. The mark in the middle is the typical home in Palisade 56469.

Estimated value$256,460
CheaperTypical $250,649Pricier

Pricier than 51% of homes nearby

Price per ft²$254
CheaperTypical $267Pricier

Pricier than 44% of homes nearby

Living area1,008 ft²
SmallerTypical 960 ft²Bigger

Bigger than 56% of homes nearby

Lot size0.46 ac
SmallerTypical 1.92 acBigger

Bigger than 20% of homes nearby

Year built1967
OlderTypical 1989Newer

Newer than 21% of homes nearby

How 40407 502nd Ln ranks against every home in each area.
MeasureThis homePalisade 56469Aitkin County
Estimated valuepricier than$256,46051% of homes42% of homes
Price per ft²pricier than$25444% of homes40% of homes
Living areabigger than1,008 ft²56% of homes50% of homes
Lot sizebigger than0.46 ac20% of homes31% of homes
Year builtnewer than196721% of homes26% of homes

About 40407 502nd Ln

How much is 40407 502nd Ln, Palisade, MN worth?

The TopHap Estimate for 40407 502nd Ln, Palisade, MN is $256,460 as of Sep 24, 2026. The likely range is $235,983 to $276,937. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 40407 502nd Ln, Palisade, MN last sell?

40407 502nd Ln, Palisade, MN last sold on Aug 1, 2013 for $175,000, according to the county's recorded deed.

How big is 40407 502nd Ln, Palisade, MN?

40407 502nd Ln, Palisade, MN has 2 bedrooms, 1,008 square feet of living space and a 0.46-acre lot.

When was 40407 502nd Ln, Palisade, MN built?

40407 502nd Ln, Palisade, MN was built in 1967, making it 59 years old. It is a ranch home.

What schools serve 40407 502nd Ln, Palisade, MN?

40407 502nd Ln, Palisade, MN is assigned to Aitkin High School (middle), rated B; Rippleside Elementary School (elementary), rated A-. All sit in Aitkin Public School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 40407 502nd Ln, Palisade, MN compare to other homes in Palisade 56469?

Among the 1,554 homes in Palisade 56469, it is worth more than 51% of them ($256,460 against a typical $250,649), its price per square foot is higher than 44% of them ($254 against a typical $267), it is bigger than 56% of them (1,008 ft² against a typical 960 ft²), its lot is bigger than 20% of them (0.46 ac against a typical 1.92 ac) and it is newer than 21% of them (1967 against a typical 1989). Measured against all of Aitkin County, it is worth more than 42% 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 40407 502nd Ln, Palisade, MN?

The 2026 property tax bill for 40407 502nd Ln, Palisade, MN was $1,240. The county assessed it at $256,600.

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