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Single Family ResidenceResidential
$723,627$173 / 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 Jul 14, 2026
Last sold for $300,000 on Aug 5, 2022

40407 STATE HIGHWAY 87

FRAZEE, MN 56544
5
Beds
0
Baths
4,176 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.
77.77 ac
Lot SizeThe size of the land the home sits on, from county records.
1923
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.
7
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.

Valuation

$724K
$668K low$779K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$300,000 · Aug 5, 2022
Est. Owner EquityRoughly how much of the home's value the owner would keep after paying off known loans. It is our estimate minus the loans still owed.$428,427
Est. Lendable EquityThe part of the owner's equity a lender would typically let them borrow against — about 80% of their equity.$342,742
Loan-to-ValueHow much is still owed on the home compared to what it is worth. 80% means loans equal 80% of our estimate, so it shifts when the estimate does.40%
1st MortgageA loan still believed to be open on this home, in the order lenders get repaid. The first position is paid back before the second.$240,000
WADENA STATE BANK · P · recorded Aug 5, 2022
2nd MortgageA loan still believed to be open on this home, in the order lenders get repaid. The first position is paid back before the second.$55,200
WADENA STATE BANK

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$2,446 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$835,400 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$200,600
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$634,800
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$835,400
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$835,400

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.25 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.30%

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
CountyBecker
Lot (acres)The size of the land the home sits on, from county records.77.77
ConstructionThe main material the home's frame and walls are built from.Frame (Unspecified)
FoundationWhat the home is built on, such as a concrete slab, a crawl space, or a basement.Concrete
RoofThe main material covering the roof, such as asphalt shingle or tile.Asphalt
HeatingThe type of heating system in the home.Forced Air
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Detached
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Shed · 192 ft²Porch · 1,300 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.

M
Frazee Secondary SchoolB
Middle · Grades 7–12 · 6.9 mi
E
Frazee Elementary SchoolA
Elementary · Grades PK–6 · 6.9 mi

District: Frazee-Vergas Public School District

Neighborhood · ZIP 56544These 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.109
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.85
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.15

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.75%
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.10%
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.5,654
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.28 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$72,543
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$91,214
Average tempThe average temperature here across a full year.40°F
Annual precipHow much rain and melted snow falls here in a typical year.25 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.59%

Ownership

OccupancyWhether the owner appears to live here or somewhere else. It is inferred from the mailing address on record.Owner occupied
Company ownedWhether the owner is a company or trust rather than a person.No

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 State Highway 87 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.

  • Worth more than 96% of homes in Frazee 56544
  • Costs less per square foot than 73% of homes in Becker County
  • Among the largest homes in Frazee 56544
  • Has a bigger lot than 94% of homes in Becker County
  • Older than 92% of homes in Becker County

What homes are worth in Frazee 56544

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

This home
$74K$819K

This home is worth more than 96% of homes in Frazee 56544.

How it measures up in Frazee 56544

The dot is this home. The mark in the middle is the typical home in Frazee 56544.

Estimated value$723,627
CheaperTypical $288,440Pricier

Pricier than 96% of homes nearby

Price per ft²$173
CheaperTypical $229Pricier

Pricier than 29% of homes nearby

Living area4,176 ft²
SmallerTypical 1,296 ft²Bigger

Bigger than almost all homes nearby

Lot size77.77 ac
SmallerTypical 2.61 acBigger

Bigger than 91% of homes nearby

Year built1923
OlderTypical 1980Newer

Newer than 11% of homes nearby

How 40407 State Highway 87 ranks against every home in each area.
MeasureThis homeFrazee 56544Becker County
Estimated valuepricier than$723,62796% of homes90% of homes
Price per ft²pricier than$17329% of homes27% of homes
Living areabigger than4,176 ft²almost all homesalmost all homes
Lot sizebigger than77.77 ac91% of homes94% of homes
Year builtnewer than192311% of homes8% of homes

About 40407 State Highway 87

How much is 40407 State Highway 87, Frazee, MN worth?

The TopHap Estimate for 40407 State Highway 87, Frazee, MN is $723,627 as of Jul 14, 2026. The likely range is $668,306 to $778,948. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 40407 State Highway 87, Frazee, MN last sell?

40407 State Highway 87, Frazee, MN last sold on Aug 5, 2022 for $300,000, according to the county's recorded deed. TopHap holds 2 recorded sales for this parcel.

How big is 40407 State Highway 87, Frazee, MN?

40407 State Highway 87, Frazee, MN has 5 bedrooms, 4,176 square feet of living space and a 77.77-acre lot.

When was 40407 State Highway 87, Frazee, MN built?

40407 State Highway 87, Frazee, MN was built in 1923, making it 103 years old. The building has 2 stories.

What schools serve 40407 State Highway 87, Frazee, MN?

40407 State Highway 87, Frazee, MN is assigned to Frazee Secondary School (middle), rated B; Frazee Elementary School (elementary), rated A. All sit in Frazee-Vergas Public School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 40407 State Highway 87, Frazee, MN compare to other homes in Frazee 56544?

Among the 3,322 homes in Frazee 56544, it is worth more than 96% of them ($723,627 against a typical $288,440), its price per square foot is higher than 29% of them ($173 against a typical $229), it is bigger than almost all of them (4,176 ft² against a typical 1,296 ft²), its lot is bigger than 91% of them (77.77 ac against a typical 2.61 ac) and it is newer than 11% of them (1923 against a typical 1980). Measured against all of Becker County, it is worth more than 90% 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 State Highway 87, Frazee, MN?

The 2025 property tax bill for 40407 State Highway 87, Frazee, MN was $2,446. The county assessed it at $835,400.

More homes on State Highway 87

Closest homes

More homes in Frazee 56544

Assigned schools

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