1615 40th St SW is a 1,352 square foot house on a 0.62 acre lot with 4 bedrooms and 2 bathrooms. Based on Redfin's Rochester data, we estimate the home's value is $325,989.
Single-familyProperty Type
1973Year Built
0.62 acresLot Size
$241Est. Price/Sq.Ft.
Source:Public Records
Redfin Estimate
$325,989
$3,000 since October
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 14.2% lower than the average sale price ($380K) of 6 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
$3,300 (+4.6%)
$52,200 + $261,700
$313,900
2025
$3,154 (+9.9%)
$51,700 + $241,500
$293,200
2024
$2,870 (+13.5%)
$53,200 + $242,400
$295,600
2023
$2,528 (+3.4%)
$42,670 + $206,540
$249,210
2022
$2,446 (+7.4%)
$32,671 + $189,400
$222,071
2021
$2,278 (−4.4%)
$32,360 + $175,760
$208,120
2020
$2,382 (+8.2%)
$32,280 + $172,570
$204,850
2019
$2,202
$32,120 + $166,080
$198,200
2018
$2,202 (+6.6%)
$31,900 + $159,700
$191,600
2017
$2,066 (+22.1%)
$26,900 + $147,500
$174,400
2015
$1,692 (+0.7%)
$26,200 + $124,400
$150,600
2014
$1,680
$26,200 + $125,200
$151,400
Tax history for 1615 40th St SW
Year
Property tax
Land + Additions
Assessment*
2026
$3,300 (+4.6%)
$52,200 + $261,700
$313,900
2025
$3,154 (+9.9%)
$51,700 + $241,500
$293,200
2024
$2,870 (+13.5%)
$53,200 + $242,400
$295,600
2023
$2,528 (+3.4%)
$42,670 + $206,540
$249,210
2022
$2,446 (+7.4%)
$32,671 + $189,400
$222,071
2021
$2,278 (−4.4%)
$32,360 + $175,760
$208,120
2020
$2,382 (+8.2%)
$32,280 + $172,570
$204,850
2019
$2,202
$32,120 + $166,080
$198,200
2018
$2,202 (+6.6%)
$31,900 + $159,700
$191,600
2017
$2,066 (+22.1%)
$26,900 + $147,500
$174,400
2015
$1,692 (+0.7%)
$26,200 + $124,400
$150,600
2014
$1,680
$26,200 + $125,200
$151,400
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
R1
Low Density Residential District
The purpose of this district is to provide for low density residential development in those areas described as Suburban Subdivision Area within the Comprehensive Plan that have suitable soils for long-term private sewage systems and those areas suitable for Low Density Residential within the Urban Service or Reserve Area served by Public or other centralized sewage collection and treatment system.
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Property details
Interior
Basement Information
Basement Sq. Ft: 1,176
Bathroom Information
# of Full Baths: 2
Heating & Cooling
Heating Type: Hot Water
Fireplace Information
# of Fireplaces: 1
Has Fireplace
Room Information
# of Rooms: 7
Exterior
Exterior Information
Foundation Type: Concrete Block
Building Style Type: Split Level
Building Construction Quality: Average
Exterior Wall: Vinyl
Roof Covering Type: Asphalt
Roof Framing Type: Wood
Roof Shape Type: Gable
Building Type: Single Family
Property Information
Subdivision Name: LILLIES 1ST SUB
Living Sq. Ft: 1,352
Adjusted Gross Sq. Ft: 1,754
Ground Floor Sq. Ft: 1,352
Building Sq. Ft: 3,152
# of Stories: 1.25
Stories Type: 1 1/4
Legal Description: SECT-22 TWP-106 RANGE-014 LILLIE'S 1ST SUB .62 AC LOT 19 LESS TH PT DES AS PARCEL 23 ON MN DOT ROW PLAT 55-61
Parking & Garage Information
Parking Type: Unfinished Attached Garage
Garage/Parking Sq. Ft: 1,392
Garage / Carport Type: Unfinished Attached
Lot Information
# of Buildings: 1
Land Sq. Ft: 27,007
Legal Lot Number: 19
Municipality Name: ROCHESTER TWP
Acres: 0.62
County Use Description: SINGLE FAM
Financial
Assessor Information
Assessment Year: 2025
Tax District County: ROCHESTER TWP /0535
Public facts
Beds: 4
Baths: 2.0
Sq. Ft.: 1,352
Stories: 1.25
Lot Size: 0.62 acres
Style: Single Family Residential
Year Built: 1973
Year Renovated: 1995
County: Olmsted County
APN: 642243070381
Home facts updated by county records on Sep 28, 2026
Around this home
Schools
K - 12
Preschool & daycare
Bamber Valley Elementary School
Public PreK-5 • Assigned • 2.0mi
8/10
Willow Creek Middle School
Public 6-8 • Assigned • 2.6mi
5/10
Mayo Senior High School
Public 9-12 • Assigned • 3.4mi
9/10
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, 15 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
Rochester, MN • 55902
Average low and high temperatures (°F)
23
7
31
15
49
29
57
39
69
49
78
60
83
66
77
61
74
56
62
46
45
31
29
15
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.6 hours in
June and 3.6 hours in December, placing it below the
U.S. average for solar exposure.
9.6 hrs
3.6 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$310,000 – $375,000
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