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Single Family ResidenceResidential
$147,771$352 / 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 79How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Jun 23, 2026
Last sold for $135,000 on Sep 10, 2024

56480 198TH ST

PARK RAPIDS, MN 56470
1
Beds
1
Baths
420 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.
0.64 ac
Lot SizeThe size of the land the home sits on, from county records.
1959
Year BuiltThe year the home was originally built, according to county records.
3
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.
1
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$148K
$117K low$179K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$135,000 · Sep 10, 2024
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.$47,771
Est. Lendable EquityThe part of the owner's equity a lender would typically let them borrow against — about 80% of their equity.$38,217
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.68%
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.$100,000
COMMUNITY FIRST BANK · recorded Sep 10, 2024

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$610 (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.$87,900 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$77,900
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$10,000
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$87,900
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$87,900

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.110 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
StyleThe architectural style of the home, such as ranch or colonial.Modular
CountyBecker
Lot (acres)The size of the land the home sits on, from county records.0.64
FoundationWhat the home is built on, such as a concrete slab, a crawl space, or a basement.Pier/Post & Beam
RoofThe main material covering the roof, such as asphalt shingle or tile.Metal
HeatingThe type of heating system in the home.Forced Air
CoolingThe type of cooling or air conditioning in the home.None
GarageWhether the property has a garage, and details like whether it is attached to the home.Carport (Unspecified)
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Shed · 96 ft²

Transaction History(4)

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
Park Rapids Century Elementary SchoolB+
Elementary · Grades PK–4 · 8.2 mi
M
Park Rapids Century Middle SchoolD
Middle · Grades 5–8 · 8.2 mi
H
Park Rapids High SchoolC+
High · Grades 9–12 · 8.4 mi

District: Park Rapids Public School District

Neighborhood · ZIP 56470These 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.141
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 100.18

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.66%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.19%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.9.2%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.2%
PopulationHow many people live in this area.11,238
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.27 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$64,376
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$83,690
Average tempThe average temperature here across a full year.39°F
Annual precipHow much rain and melted snow falls here in a typical year.26 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.Absentee owner
Company ownedWhether the owner is a company or trust rather than a person.Yes

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

56480 198th 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 87% of homes in Becker County
  • Costs more per square foot than 89% of homes in Park Rapids 56470
  • Smaller than 97% of homes in Park Rapids 56470
  • Has a smaller lot than 69% of homes in Park Rapids 56470
  • Older than 75% of homes in Park Rapids 56470

What homes are worth in Park Rapids 56470

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

This home
$69K$867K

This home is worth more than 21% of homes in Park Rapids 56470.

How it measures up in Park Rapids 56470

The dot is this home. The mark in the middle is the typical home in Park Rapids 56470.

Estimated value$147,771
CheaperTypical $237,040Pricier

Pricier than 21% of homes nearby

Price per ft²$352
CheaperTypical $197Pricier

Pricier than 89% of homes nearby

Living area420 ft²
SmallerTypical 1,256 ft²Bigger

Bigger than 3% of homes nearby

Lot size0.64 ac
SmallerTypical 1.38 acBigger

Bigger than 31% of homes nearby

Year built1959
OlderTypical 1980Newer

Newer than 25% of homes nearby

How 56480 198th St ranks against every home in each area.
MeasureThis homePark Rapids 56470Becker County
Estimated valuepricier than$147,77121% of homes13% of homes
Price per ft²pricier than$35289% of homes77% of homes
Living areabigger than420 ft²3% of homes3% of homes
Lot sizebigger than0.64 ac31% of homes36% of homes
Year builtnewer than195925% of homes25% of homes

About 56480 198th St

How much is 56480 198th St, Park Rapids, MN worth?

The TopHap Estimate for 56480 198th St, Park Rapids, MN is $147,771 as of Jun 23, 2026. The likely range is $116,739 to $178,802. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 56480 198th St, Park Rapids, MN last sell?

56480 198th St, Park Rapids, MN last sold on Sep 10, 2024 for $135,000, according to the county's recorded deed. TopHap holds 3 recorded sales for this parcel.

How big is 56480 198th St, Park Rapids, MN?

56480 198th St, Park Rapids, MN has 1 bedrooms, 1 bathrooms, 420 square feet of living space and a 0.64-acre lot.

When was 56480 198th St, Park Rapids, MN built?

56480 198th St, Park Rapids, MN was built in 1959, making it 67 years old. It is a modular home.

What schools serve 56480 198th St, Park Rapids, MN?

56480 198th St, Park Rapids, MN is assigned to Park Rapids Century Elementary School (elementary), rated B+; Park Rapids Century Middle School (middle), rated D; Park Rapids High School (high), rated C+. All sit in Park Rapids Public School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 56480 198th St, Park Rapids, MN compare to other homes in Park Rapids 56470?

Among the 8,719 homes in Park Rapids 56470, it is worth more than 21% of them ($147,771 against a typical $237,040), its price per square foot is higher than 89% of them ($352 against a typical $197), it is bigger than 3% of them (420 ft² against a typical 1,256 ft²), its lot is bigger than 31% of them (0.64 ac against a typical 1.38 ac) and it is newer than 25% of them (1959 against a typical 1980). Measured against all of Becker County, it is worth more than 13% 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 56480 198th St, Park Rapids, MN?

The 2025 property tax bill for 56480 198th St, Park Rapids, MN was $610. The county assessed it at $87,900.

Closest homes

More homes in Park Rapids 56470

Assigned schools

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