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Single Family ResidenceResidential
$297,969$177 / 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 81How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Oct 21, 2026

56643 240TH ST

WELLS, MN 56097
4
Beds
2.5
Baths
1,683 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.
7.19 ac
Lot SizeThe size of the land the home sits on, from county records.
2005
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.

Valuation

$298K
$240K low$356K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$2,902 (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.$457,100 (2026)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$79,300
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$377,800
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$415,100
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$457,100

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.31
1
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
20
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
61
HeatProjected heat risk, scored 0 to 100, based on how many extremely hot days a year are expected. Higher is riskier.
56
StormProjected risk from heavy rainstorms, scored 0 to 100, based on how often extreme rainfall is expected. Higher is riskier.
19
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
CountyFARIBAULT
Lot (acres)The size of the land the home sits on, from county records.7.19
ConstructionThe main material the home's frame and walls are built from.Wood (Unspecified)
RoofThe main material covering the roof, such as asphalt shingle or tile.Asphalt
HeatingThe type of heating system in the home.Forced Air With Air Conditioning
CoolingThe type of cooling or air conditioning in the home.Yes
GarageWhether the property has a garage, and details like whether it is attached to the home.Mixed
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.DeckShed · 3,200 ft²Porch · 232 ft²

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

M
Maple River Secondary SchoolA-
Middle · Grades 6–12 · 12.4 mi
E
Maple River Elementary SchoolA-
Elementary · Grades PK–5 · 12.4 mi

District: Maple River School District

Neighborhood · ZIP 56097These 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.106
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.84
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.92%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.18%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.11%
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.3,880
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.21 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$64,102
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$80,742
Average tempThe average temperature here across a full year.45°F
Annual precipHow much rain and melted snow falls here in a typical year.31 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

56643 240th 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 more than 88% of homes in Faribault County
  • Costs more per square foot than 87% of homes in Faribault County
  • Bigger than 67% of homes in Wells 56097
  • Has a bigger lot than 86% of homes in Faribault County
  • Newer than 96% of homes in Wells 56097

What homes are worth in Wells 56097

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

This home
$33K$411K

This home is worth more than 86% of homes in Wells 56097.

How it measures up in Wells 56097

The dot is this home. The mark in the middle is the typical home in Wells 56097.

Estimated value$297,969
CheaperTypical $163,118Pricier

Pricier than 86% of homes nearby

Price per ft²$177
CheaperTypical $120Pricier

Pricier than 84% of homes nearby

Living area1,683 ft²
SmallerTypical 1,448 ft²Bigger

Bigger than 67% of homes nearby

Lot size7.19 ac
SmallerTypical 0.3 acBigger

Bigger than 84% of homes nearby

Year built2005
OlderTypical 1947Newer

Newer than 96% of homes nearby

How 56643 240th St ranks against every home in each area.
MeasureThis homeWells 56097Faribault County
Estimated valuepricier than$297,96986% of homes88% of homes
Price per ft²pricier than$17784% of homes87% of homes
Living areabigger than1,683 ft²67% of homes67% of homes
Lot sizebigger than7.19 ac84% of homes86% of homes
Year builtnewer than200596% of homes95% of homes

About 56643 240th St

How much is 56643 240th St, Wells, MN worth?

The TopHap Estimate for 56643 240th St, Wells, MN is $297,969 as of Oct 21, 2026. The likely range is $239,978 to $355,960. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 56643 240th St, Wells, MN last sell?

56643 240th St, Wells, MN last sold on Jan 1, 1900, according to the county's recorded deed.

How big is 56643 240th St, Wells, MN?

56643 240th St, Wells, MN has 4 bedrooms, 2.5 bathrooms, 1,683 square feet of living space and a 7.19-acre lot.

When was 56643 240th St, Wells, MN built?

56643 240th St, Wells, MN was built in 2005, making it 21 years old. The building has 1 story.

What schools serve 56643 240th St, Wells, MN?

56643 240th St, Wells, MN is assigned to Maple River Secondary School (middle), rated A-; Maple River Elementary School (elementary), rated A-. All sit in Maple River School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 56643 240th St, Wells, MN compare to other homes in Wells 56097?

Among the 1,735 homes in Wells 56097, it is worth more than 86% of them ($297,969 against a typical $163,118), its price per square foot is higher than 84% of them ($177 against a typical $120), it is bigger than 67% of them (1,683 ft² against a typical 1,448 ft²), its lot is bigger than 84% of them (7.19 ac against a typical 0.3 ac) and it is newer than 96% of them (2005 against a typical 1947). Measured against all of Faribault County, it is worth more than 88% 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 56643 240th St, Wells, MN?

The 2025 property tax bill for 56643 240th St, Wells, MN was $2,902. The county assessed it at $457,100.

More homes on 240th St

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Assigned schools

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