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Single Family ResidenceResidential
$249,058$156 / 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 91How 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 $230,000 on Aug 5, 2025

940 1ST ST NW

WELLS, MN 56097
2
Beds
2
Baths
1,593 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.
0.95 ac
Lot SizeThe size of the land the home sits on, from county records.
1965
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.

Valuation

$249K
$227K low$271K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$230,000 · Aug 5, 2025

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$3,388 (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.$207,400 (2026)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$10,200
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$197,200
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$198,300
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$207,400

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.0.95
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.Hot Water
CoolingThe type of cooling or air conditioning in the home.Yes
FireplaceWhether the home has a fireplace, and what kind.Yes
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
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Deck · 456 ft²

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.

M
United South Central High SchoolC-
Middle · Grades 7–12 · 0.9 mi
E
United South Central Elementary SchoolA-
Elementary · Grades PK–6 · 0.9 mi

District: United South Central 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

940 1st St Nw 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 80% of homes in Faribault County
  • Costs more per square foot than 78% of homes in Faribault County
  • Has a bigger lot than 70% of homes in Faribault County
  • Newer than 71% of homes in Faribault County

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
$35K$441K

This home is worth more than 74% 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$249,058
CheaperTypical $162,933Pricier

Pricier than 74% of homes nearby

Price per ft²$156
CheaperTypical $121Pricier

Pricier than 73% of homes nearby

Living area1,593 ft²
SmallerTypical 1,452 ft²Bigger

Bigger than 61% of homes nearby

Lot size0.95 ac
SmallerTypical 0.29 acBigger

Bigger than 67% of homes nearby

Year built1965
OlderTypical 1947Newer

Newer than 70% of homes nearby

How 940 1st St Nw ranks against every home in each area.
MeasureThis homeWells 56097Faribault County
Estimated valuepricier than$249,05874% of homes80% of homes
Price per ft²pricier than$15673% of homes78% of homes
Living areabigger than1,593 ft²61% of homes62% of homes
Lot sizebigger than0.95 ac67% of homes70% of homes
Year builtnewer than196570% of homes71% of homes

About 940 1st St Nw

How much is 940 1st St Nw, Wells, MN worth?

The TopHap Estimate for 940 1st St Nw, Wells, MN is $249,058 as of Sep 24, 2026. The likely range is $227,458 to $270,658. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 940 1st St Nw, Wells, MN last sell?

940 1st St Nw, Wells, MN last sold on Aug 5, 2025 for $230,000, according to the county's recorded deed.

How big is 940 1st St Nw, Wells, MN?

940 1st St Nw, Wells, MN has 2 bedrooms, 2 bathrooms, 1,593 square feet of living space and a 0.95-acre lot.

When was 940 1st St Nw, Wells, MN built?

940 1st St Nw, Wells, MN was built in 1965, making it 61 years old. The building has 1 story.

What schools serve 940 1st St Nw, Wells, MN?

940 1st St Nw, Wells, MN is assigned to United South Central High School (middle), rated C-; United South Central Elementary School (elementary), rated A-. All sit in United South Central School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 940 1st St Nw, Wells, MN compare to other homes in Wells 56097?

Among the 1,735 homes in Wells 56097, it is worth more than 74% of them ($249,058 against a typical $162,933), its price per square foot is higher than 73% of them ($156 against a typical $121), it is bigger than 61% of them (1,593 ft² against a typical 1,452 ft²), its lot is bigger than 67% of them (0.95 ac against a typical 0.29 ac) and it is newer than 70% of them (1965 against a typical 1947). Measured against all of Faribault County, it is worth more than 80% 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 940 1st St Nw, Wells, MN?

The 2025 property tax bill for 940 1st St Nw, Wells, MN was $3,388. The county assessed it at $207,400.

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