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Single Family ResidenceResidential
$127,199$195 / 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 95How 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 $57,400 on Mar 1, 2001

502 E CHESTNUT ST

REDWOOD FALLS, MN 56283
0
Baths
652 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.
0.17 ac
Lot SizeThe size of the land the home sits on, from county records.
1948
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.

Valuation

$127K
$121K low$134K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$57,400 · Mar 1, 2001

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$1,248 (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.$108,700 (2026)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$10,000
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$98,700
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$104,600
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$108,700

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
CountyREDWOOD
Lot (acres)The size of the land the home sits on, from county records.0.17
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.

E
Reede Gray Elementary SchoolB-
Elementary · Grades PK–4 · 0.5 mi
M
Redwood Valley Middle SchoolC+
Middle · Grades 5–8 · 1.1 mi
H
Redwood Valley Senior High SchoolB-
High · Grades 9–12 · 1.1 mi

District: Redwood Area School District

Neighborhood · ZIP 56283These 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.121
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.91
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.12

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.89%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.17%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.12%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.0.9%
PopulationHow many people live in this area.6,831
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.40 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$62,905
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$79,024
Average tempThe average temperature here across a full year.45°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.58%

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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

502 E Chestnut St 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 less than 65% of homes in Redwood Falls 56283
  • Costs more per square foot than 81% of homes in Redwood County
  • Smaller than 96% of homes in Redwood Falls 56283
  • Has a smaller lot than 73% of homes in Redwood County

What homes are worth in Redwood Falls 56283

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

This home
$53K$485K

This home is worth more than 35% of homes in Redwood Falls 56283.

How it measures up in Redwood Falls 56283

The dot is this home. The mark in the middle is the typical home in Redwood Falls 56283.

Estimated value$127,199
CheaperTypical $160,788Pricier

Pricier than 35% of homes nearby

Price per ft²$195
CheaperTypical $165Pricier

Pricier than 69% of homes nearby

Living area652 ft²
SmallerTypical 1,175 ft²Bigger

Bigger than 4% of homes nearby

Lot size0.17 ac
SmallerTypical 0.25 acBigger

Bigger than 34% of homes nearby

Year built1948
OlderTypical 1956Newer

Newer than 38% of homes nearby

How 502 E Chestnut St ranks against every home in each area.
MeasureThis homeRedwood Falls 56283Redwood County
Estimated valuepricier than$127,19935% of homes51% of homes
Price per ft²pricier than$19569% of homes81% of homes
Living areabigger than652 ft²4% of homes5% of homes
Lot sizebigger than0.17 ac34% of homes27% of homes
Year builtnewer than194838% of homes48% of homes

About 502 E Chestnut St

How much is 502 E Chestnut St, Redwood Falls, MN worth?

The TopHap Estimate for 502 E Chestnut St, Redwood Falls, MN is $127,199 as of Sep 24, 2026. The likely range is $120,848 to $133,550. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 502 E Chestnut St, Redwood Falls, MN last sell?

502 E Chestnut St, Redwood Falls, MN last sold on Mar 1, 2001 for $57,400, according to the county's recorded deed.

How big is 502 E Chestnut St, Redwood Falls, MN?

502 E Chestnut St, Redwood Falls, MN has 652 square feet of living space and a 0.17-acre lot.

When was 502 E Chestnut St, Redwood Falls, MN built?

502 E Chestnut St, Redwood Falls, MN was built in 1948, making it 78 years old. The building has 1 story.

What schools serve 502 E Chestnut St, Redwood Falls, MN?

502 E Chestnut St, Redwood Falls, MN is assigned to Reede Gray Elementary School (elementary), rated B-; Redwood Valley Middle School (middle), rated C+; Redwood Valley Senior High School (high), rated B-. All sit in Redwood Area School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 502 E Chestnut St, Redwood Falls, MN compare to other homes in Redwood Falls 56283?

Among the 2,611 homes in Redwood Falls 56283, it is worth more than 35% of them ($127,199 against a typical $160,788), its price per square foot is higher than 69% of them ($195 against a typical $165), it is bigger than 4% of them (652 ft² against a typical 1,175 ft²), its lot is bigger than 34% of them (0.17 ac against a typical 0.25 ac) and it is newer than 38% of them (1948 against a typical 1956). Measured against all of Redwood County, it is worth more than 51% 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 502 E Chestnut St, Redwood Falls, MN?

The 2026 property tax bill for 502 E Chestnut St, Redwood Falls, MN was $1,248. The county assessed it at $108,700.

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