$535,000
SOLD JUL 17, 2025

551 40th St SE Buffalo, MN 55313

6 Beds
3 Baths
3,151 Sq Ft
6.2 Acres

Recently Sold

$170 Per Sq Ft

3% Below List Price

11 Days on Market

Highlights

  • Second Kitchen
  • Mud Room
  • Party Room
  • Sun or Florida Room
  • No HOA
  • The kitchen features windows

About This Home

As of July 2025

Looking for privacy, trees, wildlife, and nature? This stunning 6-acre retreat has it all! Tucked away in a serene, wooded setting, this spacious 6-bedroom, 3-bath walkout rambler offers the perfect blend of comfort and functionality. The main level features 3 bedrooms and 1 full bath, while the fully finished lower level includes a second kitchen, 3 additional bedrooms, and 2 bathrooms?ideal for multigenerational living or guests. Outside, enjoy room to roam with a large pole building, shed, and barn?perfect for a couple of horses, hobby farming, or storing all your outdoor toys. Don?t miss your chance to own this private slice of paradise!

Last Agent to Sell the Property

Josh Pomerleau

JPW Realty Listed on: 05/16/2025

JPW Realty

Co-Listed By

Amy Teal

JPW Realty

Last Buyer's Agent

Traivis Dykema

eXp Realty

eXp Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,024

Year Built

  • Built in 1969

Lot Details

  • 6.2 Acre Lot
  • Lot Dimensions are 519x520
  • Partially Fenced Property
  • Many Trees

Parking

  • 2 Car Attached Garage

Home Design

  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Wood Burning Fireplace
  • Mud Room
  • Family Room with Fireplace
  • Living Room
  • Sun or Florida Room
  • Finished Basement
  • Walk-Out Basement

Kitchen

  • Second Kitchen
  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher
  • The kitchen features windows

Bedrooms and Bathrooms

  • 6 Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Well
  • Water Softener is Owned
  • Septic System

Community Details

  • No Home Owners Association
  • Party Room

Listing and Financial Details

  • Assessor Parcel Number 208300301200

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,024

Year Built

Built in 1969

Lot Details

0

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: Well
  • Year Built: 1969
  • Above Grade Finished Sq Ft: 1471
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Finished, Walkout
  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer, Water Softener Owned
  • Fireplace Features: Family Room, Wood Burning
  • Living Area: 3151
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 1680
  • Basement YN: Yes
  • Dining Room Type: Living Room, Family Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 6, Sun Room, Mud Room, Kitchen- 2nd
  • Shared Rooms: Amusement/Party Room

Beds/Baths

  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Three Quarter Bathrooms: 1

Exterior Features

  • Fencing: Partial
  • Other Structures: Barn(s), Pole Building, Storage Shed
  • Farm Type: Hobby
  • Soil Type: Sand

Garage/Parking

  • Parking Features: Attached Garage

Utilities

  • Heating: Forced Air
  • Sewer: Septic System Compliant - Yes
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Deck,Kitchen Window,Patio,Porch,Walk-In Closet

Schools

  • Junior High Dist: Buffalo-Hanover-Montrose
  • SchoolDistrictPhone: 763-682-8707

Lot Info

  • Topography: Low Land,Rolling
  • PropertyAttachedYN: No
  • Lot Size: 519x520
  • Lot Size Sq Ft: 270072
  • Land Lease: No
  • Lot Features: Many Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly
  • Crop Type: Other

Building Info

  • Construction Materials: Fiber Board, Vinyl Siding, Wood Siding

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 208300301200
  • Tax Annual Amount: 5024
  • TaxWithAssessments: 5024.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2025
Closed on
Jul 14, 2025
Sold by
Nusbaum Carol I
Bought by
Keller Steven and Keller Rosalie
Seller's Agent
Josh Pomerleau
JPW Realty
Buyer's Agent
Traivis Dykema
eXp Realty
List Price
$550,000
Sold Price
$535,000
Premium/Discount to List
-$15,000
-2.73%
Views
37
Current Estimated Value
$565,805

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,805
Avg. Annual Appreciation
20.52%
Original Mortgage
$335,000
Outstanding Balance
$327,220
Interest Rate
5.97%
Mortgage Type
New Conventional
Estimated Equity
$238,585

Purchase Details

Closed on
Nov 14, 1997
Sold by
Lundberg Arnold Earl and Lundberg Janice Frances
Bought by
Nusbaum Carol I
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $535,000 All American Title Company
Warranty Deed $200,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $335,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/17/2025 07/17/25 Sold $535,000 -2.7% $170 / Sq Ft
05/27/2025 05/27/25 Pending -- -- --
05/16/2025 05/16/25 For Sale $550,000 -- $175 / Sq Ft
Source: NorthstarMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,005 $550,800 $203,800 $347,000
2024 $5,024 $530,400 $200,200 $330,200
2023 $4,940 $559,500 $200,200 $359,300
2022 $4,526 $512,200 $189,800 $322,400
2021 $4,594 $404,400 $129,000 $275,400
2020 $4,504 $396,600 $129,000 $267,600
2019 $3,808 $383,200 $0 $0
2018 $3,584 $348,000 $0 $0
2017 $3,422 $333,700 $0 $0
2016 $3,468 $0 $0 $0
2015 $3,396 $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6720864

NorthstarMLS

APN: 208-300-301200