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Residential (General/Single)Residential
$839,679$277 / 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 93How 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 $220,000 on Feb 5, 2019

8540 GRACE LN

LORETTO, MN 55357
4
Beds
3 / 3
Baths
3,027 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.
8.53 ac
Lot SizeThe size of the land the home sits on, from county records.
2019
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.

Valuation

$840K
$778K low$901K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$220,000 · Feb 5, 2019

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$11,082 (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.$878,200 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$258,800
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$619,400
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$882,300
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$878,200

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.45 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.51%
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.minimal

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Residential (General/Single)
CountyHENNEPIN
HeatingThe type of heating system in the home.Floor/Wall Furnace
CoolingThe type of cooling or air conditioning in the home.Package
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Attached
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(1)

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
Hanover Elementary SchoolA+
Elementary · Grades KG–5 · 3.3 mi
H
Buffalo High SchoolB+
High · Grades 9–12 · 10.0 mi
M
Buffalo Community Middle SchoolB+
Middle · Grades 6–8 · 12.1 mi

District: Buffalo-Hanover-Montrose Schools

Neighborhood · ZIP 55357These 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.42
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.96
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.11

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.97%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.36%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.6.2%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.0%
PopulationHow many people live in this area.3,155
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.162 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$128,581
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$177,942
Average tempThe average temperature here across a full year.44°F
Annual precipHow much rain and melted snow falls here in a typical year.30 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

8540 Grace 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.

  • Worth more than 91% of homes in Hennepin County
  • Costs less per square foot than 74% of homes in Loretto 55357
  • Bigger than 93% of homes in Hennepin County
  • Has a bigger lot than 98% of homes in Hennepin County
  • Newer than 98% of homes in Hennepin County

What homes are worth in Loretto 55357

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

This home
$112K$1.5M

This home is worth more than 83% of homes in Loretto 55357.

How it measures up in Loretto 55357

The dot is this home. The mark in the middle is the typical home in Loretto 55357.

Estimated value$839,679
CheaperTypical $489,621Pricier

Pricier than 83% of homes nearby

Price per ft²$277
CheaperTypical $328Pricier

Pricier than 26% of homes nearby

Living area3,027 ft²
SmallerTypical 1,820 ft²Bigger

Bigger than 88% of homes nearby

Lot size8.53 ac
SmallerTypical 2.53 acBigger

Bigger than 86% of homes nearby

Year built2019
OlderTypical 1997Newer

Newer than 96% of homes nearby

How 8540 Grace Ln ranks against every home in each area.
MeasureThis homeLoretto 55357Hennepin County
Estimated valuepricier than$839,67983% of homes91% of homes
Price per ft²pricier than$27726% of homes49% of homes
Living areabigger than3,027 ft²88% of homes93% of homes
Lot sizebigger than8.53 ac86% of homes98% of homes
Year builtnewer than201996% of homes98% of homes

About 8540 Grace Ln

How much is 8540 Grace Ln, Loretto, MN worth?

The TopHap Estimate for 8540 Grace Ln, Loretto, MN is $839,679 as of Sep 24, 2026. The likely range is $777,875 to $901,483. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 8540 Grace Ln, Loretto, MN last sell?

8540 Grace Ln, Loretto, MN last sold on Feb 5, 2019 for $220,000, according to the county's recorded deed.

How big is 8540 Grace Ln, Loretto, MN?

8540 Grace Ln, Loretto, MN has 4 bedrooms, 3 bathrooms and 3,027 square feet of living space.

When was 8540 Grace Ln, Loretto, MN built?

8540 Grace Ln, Loretto, MN was built in 2019, making it 7 years old. The building has 2 stories.

What schools serve 8540 Grace Ln, Loretto, MN?

8540 Grace Ln, Loretto, MN is assigned to Hanover Elementary School (elementary), rated A+; Buffalo High School (high), rated B+; Buffalo Community Middle School (middle), rated B+. All sit in Buffalo-Hanover-Montrose Schools. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 8540 Grace Ln, Loretto, MN compare to other homes in Loretto 55357?

Among the 1,498 homes in Loretto 55357, it is worth more than 83% of them ($839,679 against a typical $489,621), its price per square foot is higher than 26% of them ($277 against a typical $328), it is bigger than 88% of them (3,027 ft² against a typical 1,820 ft²), its lot is bigger than 86% of them (8.53 ac against a typical 2.53 ac) and it is newer than 96% of them (2019 against a typical 1997). Measured against all of Hennepin County, it is worth more than 91% 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 8540 Grace Ln, Loretto, MN?

The 2025 property tax bill for 8540 Grace Ln, Loretto, MN was $11,082. The county assessed it at $878,200.

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