Google satellite image for 40357 505th St, Frazee, MN 56544

Off market feb 1999 for $57K

$274,963

Est. refi paymentEst. refi $406/mo

—

•

1 ba

•

768

sq ft

40357 505th St, Frazee, MN 56544

About this home

40357 505th St is a 768 square foot house on a 7.9 acre lot with 1 bathroom. - it last sold on February 26, 1999 for $57,900. Based on Redfin's Frazee data, we estimate the home's value is $274,963.

Single-familyProperty Type

1976Year Built

7.9 acresLot Size

$358Est. Price/Sq.Ft.

Source:Public Records

Redfin Estimate

$274,963

$217K since sold in February 1999$4,000 since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 30.8% lower than the average sale price ($398K) of 6 comparable homes.

SOLD SEP 4, 2026
$170,000
A
2 beds1 bath— sq ft
30886 Eagle Lake Rd #4, Frazee, MN 56544
SOLD SEP 9, 2026
$85,000
B
3 beds2 baths— sq ft
30121 Pleasant View Rd, Frazee, MN 56544
SOLD JUN 26, 2026
$155,000
C
Studio1 bath— sq ft
29280 Mchugh Rd, Detroit Lakes, MN 56501
SOLD MAY 6, 2026
$1,050,000
D
3 beds1 bath— sq ft
37417 S Little Mcdonald Dr, Perham, MN 56573
SOLD JUL 31, 2026
$425,000
E
1 bed1 bath— sq ft
50425 E Lake Seven Rd, Frazee, MN 56544
SOLD AUG 28, 2026
$500,000
F
2 beds1 bath— sq ft
33620 Wildwood Dr, Dent, MN 56528

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Earn from this home

Refinance

Est. cash available

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Market trends in 56544, MN

Last updated September 2026

Buyer's Market

Seller's Market

Buyer's market

Sale-to-List Price

97.6%

1.2% MoM

Median sale price

$427K

$2K MoM

Avg. days on market

38d

0 days MoM

Recently sold homes

4 MoM

New listings for sale

FOR SALE BY OWNER
$147,000
2 beds1 bath720 sq ft
107 5th St SE, Frazee, MN 56544
$624,900
3 beds3 baths1,200 sq ft
37871 Long Harbor Ln, Frazee, MN 56544
$359,900
4 beds3 baths3,606 sq ft
38414 County Road 150, Frazee, MN 56544
$479,000
5 beds3 baths3,612 sq ft
12590 Carow Cir, Frazee, MN 56544
$475,000
4 beds2 baths2,700 sq ft
12980 Carow Cir, Frazee, MN 56544
See all

Provided by Redfin

Sale history for 40357 505th St

Tax history for 40357 505th St

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Property details

Interior

Basement Information
Basement Type: Walk Out

Bathroom Information
# of Full Baths: 1

Exterior

Exterior Information
Foundation Type: Concrete Block
Exterior Wall: Steel
Roof Shape Type: Gable/Hip
Building Type: Single Family

Property Information
Living Sq. Ft: 768
Building Sq. Ft: 768
Legal Description: SECT-07 TWP-137 RANGE-039 7.90 AC PT GL 2 COM E1/4 COR SEC 7 S 87 DEG W 551.55' TO BG N 3 DEG W 320.82' S 87 DEG W 915' TO LK SWLY ALG LK TO E-W1/4 LN N 87 DEG E 1274' TO BG

Parking & Garage Information
Parking Type: Detached Garage
Garage/Parking Sq. Ft: 1,440
Garage / Carport Type: Detached

Lot Information
# of Buildings: 1
Land Sq. Ft: 344,124
Municipality Name: GORMAN TWP
Acres: 7.9
County Use Description: SINGLE FAM

Financial

Assessor Information
Assessment Year: 2025

Public facts

Beds: —
Baths: 1.0
Sq. Ft.: 768
Stories: —
Lot Size: 7.9 acres
Style: Single Family Residential
Year Built: 1976
Year Renovated: 1984
County: Otter Tail County
APN: 30000070036000

Home facts updated by county records on Sep 3, 2026

Around this home

Schools

Frazee Elementary School

Public PreK-6 • Assigned • 3.5mi

8/10

Frazee Secondary

Public 7-12 • Assigned • 3.3mi

6/10

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

3/10 Fire Factor

0.46% chance of being in a wildfire in next 30 years

1/10 Heat Factor

7 days above 96° expected this year, 12 days in 30 years

2/10 Wind Factor

Minor risk of severe winds over next 30 years

3/10 Air Factor

2 unhealthy days expected this year, 3 days in 30 years

Provided by First Street

Historical weather

Frazee, MN • 56544

Average low and high temperatures (°F)

-2

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.8 hours in June and 3.2 hours in December, placing it below the U.S. average for solar exposure.

9.8 hrs

3.2 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$262,000 – $317,000

Sell confidently with a local market expert in Frazee. 3 minutes to get started.

Nearby similar homes

$364,900

2 beds2 baths1,536 sq ft

17231 330th Ave, Frazee, MN 56544

$19,000

Land— sq ft

512 E Main Ave, Frazee, MN 56544

$465,000

3 beds2 baths2,884 sq ft

19417 County Highway 29, Detroit Lakes, MN 56501

$249,000

3 beds2 baths2,336 sq ft

452 4th St NW, Perham, MN 56573

OPEN SUN, 1PM TO 3PM

$219,000

3 beds1 bath1,161 sq ft

447 2nd Ave NE, Perham, MN 56573

$550,000

3 beds2 baths1,746 sq ft

1853 Aspen Dr, Detroit Lakes, MN 56501

New listings for sale in 56544

FOR SALE BY OWNER

$147,000

2 beds1 bath720 sq ft

107 5th St SE, Frazee, MN 56544

$624,900

3 beds3 baths1,200 sq ft

37871 Long Harbor Ln, Frazee, MN 56544

$359,900

4 beds3 baths3,606 sq ft

38414 County Road 150, Frazee, MN 56544

$479,000

5 beds3 baths3,612 sq ft

12590 Carow Cir, Frazee, MN 56544

$475,000

4 beds2 baths2,700 sq ft

12980 Carow Cir, Frazee, MN 56544

Home values near 40357 505th St

Data from public records.

Address	Redfin Estimate
40583 505th St, Frazee, MN - Beds \| 2 Baths \| 3210 Sq. Ft.	$386,032
40957 505th St, Frazee, MN - Beds \| 1 Baths \| 784 Sq. Ft.	$135,563

Address	Redfin Estimate
40310 505th St, Frazee, MN - Beds \| 2.5 Baths \| 1800 Sq. Ft.	$292,166
40490 513th St, Frazee, MN 3 Beds \| 2 Baths \| 2627 Sq. Ft.	$384,437

Address	Redfin Estimate
39996 505th St, Frazee, MN 4 Beds \| 1.5 Baths \| 1371 Sq. Ft.	$515,723
50739 404th Ave, Frazee, MN - Beds \| 2 Baths \| 1716 Sq. Ft.	$473,556

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GreatSchools Ratings provided by GreatSchools.org.

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