7019 40th St SW is a 1,440 square foot house on a 70 acre lot with 4 bedrooms and 1 bathroom. Based on Redfin's Byron data, we estimate the home's value is $858,556.
Single-familyProperty Type
1917Year Built
70 acresLot Size
$596Est. Price/Sq.Ft.
Source:Public Records
Redfin Estimate
$858,556
$49K since September
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 29.5% higher than the average sale price ($663K) of 5 comparable homes.
As the MLS and public records start to fill up, we'll list the details here.
Year
Property tax
Land + Additions
Assessment*
2026
$4,528 (+4.9%)
$451,300 + $72,200
$523,500
2025
$4,318 (+2.5%)
$396,600 + $72,200
$468,800
2024
$4,212 (+10.4%)
$380,800 + $72,200
$453,000
2023
$3,816 (−10.9%)
$332,600 + $72,200
$404,800
2022
$4,285 (+24.6%)
$291,600 + $72,200
$363,800
2021
$3,440 (−11.2%)
$291,600 + $72,200
$363,800
2020
$3,873 (+9.0%)
$291,600 + $65,800
$357,400
2019
$3,552 (+3.8%)
$291,600 + $59,000
$350,600
2018
$3,421 (+2.2%)
$291,600 + $59,000
$350,600
2017
$3,348 (+20.6%)
$299,700 + $59,000
$358,700
2015
$2,776 (−3.6%)
$292,100 + $900
$293,000
2014
$2,880
$280,700 + $800
$281,500
Tax history for 7019 40th St SW
Year
Property tax
Land + Additions
Assessment*
2026
$4,528 (+4.9%)
$451,300 + $72,200
$523,500
2025
$4,318 (+2.5%)
$396,600 + $72,200
$468,800
2024
$4,212 (+10.4%)
$380,800 + $72,200
$453,000
2023
$3,816 (−10.9%)
$332,600 + $72,200
$404,800
2022
$4,285 (+24.6%)
$291,600 + $72,200
$363,800
2021
$3,440 (−11.2%)
$291,600 + $72,200
$363,800
2020
$3,873 (+9.0%)
$291,600 + $65,800
$357,400
2019
$3,552 (+3.8%)
$291,600 + $59,000
$350,600
2018
$3,421 (+2.2%)
$291,600 + $59,000
$350,600
2017
$3,348 (+20.6%)
$299,700 + $59,000
$358,700
2015
$2,776 (−3.6%)
$292,100 + $900
$293,000
2014
$2,880
$280,700 + $800
$281,500
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
A2
Agricultural Protection District
The purpose of this district is to maintain, conserve and enhance agricultural lands, which are historically valuable for crop production, pastureland, and natural habitat for plant and animal life. The district is intended to encourage long-term agricultural uses and preserve prime agricultural farmland by restricting the location and density of non-farm dwellings and other non-farm land uses. The A-2 District does provide a slightly higher density of non-farm dwellings than the A-1 District and is intended to apply to those areas within the Comprehensive Plan's Resource Protection Area where major agricultural investments, large farms, and feedlots are more scattered and greater numbers on non-farm uses or small parcels are present.
Permitted uses
Include but are not limited to:
Agriculture
Dairy
Livestock production
Infrastructure-Other
Agriculture-Cropland
Housing-Mobile home park
Timberland
Property details
Interior
Basement Information
Basement Sq. Ft: 576
Bathroom Information
# of Full Baths: 1
Heating & Cooling
Air Conditioning Type: Central
Heating Type: Forced Air
Exterior
Exterior Information
Foundation Type: Concrete
Building Construction Quality: Average
Exterior Wall: Vinyl
Roof Covering Type: Asphalt
Roof Framing Type: Wood
Roof Shape Type: Hip
Building Type: Single Family
Property Information
Living Sq. Ft: 1,440
Adjusted Gross Sq. Ft: 1,654
Ground Floor Sq. Ft: 864
Building Sq. Ft: 2,736
# of Stories: 2
Stories Type: 2
Legal Description: SECT-23 TWP-106 RANGE-015 70.00 AC E1/2 SE1/4 LESS SW1/4 SE1/4 SE 1/4 SEC 23-106-15
Parking & Garage Information
Parking Type: Attached Finished Garage
Garage/Parking Sq. Ft: 720
Garage / Carport Type: Attached Finished
Lot Information
# of Buildings: 2
Land Sq. Ft: 3,049,200
Municipality Name: SALEM TWP
Acres: 70
County Use Description: SINGLE FAM
Financial
Assessor Information
Assessment Year: 2025
Tax District County: SALEM TWP /0531
Public facts
Beds: 4
Baths: 1.0
Sq. Ft.: 1,440
Stories: 2.0
Lot Size: 70 acres
Style: Single Family Residential
Year Built: 1917
Year Renovated: 1985
County: Olmsted County
APN: 652344068615
Home facts updated by county records on Sep 28, 2026
Around this home
Schools
Byron Elementary School
Public 3-5 • Assigned • 5.4mi
9/10
Byron Middle School
Public 6-8 • Assigned • 6.1mi
7/10
Byron Senior High School
Public 9-12 • Assigned • 7.0mi
8/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
1/10 Heat Factor
7 days above 97° expected this year, 14 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Byron, MN • 55920
Average low and high temperatures (°F)
22
6
30
14
48
28
57
38
69
48
78
60
83
65
77
60
74
55
64
44
44
30
29
14
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.7 hours in
June and 3.6 hours in December, placing it below the
U.S. average for solar exposure.
9.7 hrs
3.6 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$816,000 – $988,000
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