NOT LISTED FOR SALE

1401 Spring Rd Faribault, MN 55021

Estimated Value: $288,000 - $325,000

4 Beds
1 Bath
1,908 Sq Ft
$162/Sq Ft Est. Value

About This Home

This home is located at 1401 Spring Rd, Faribault, MN 55021 and is currently estimated at $308,646, approximately $161 per square foot. 1401 Spring Rd is a home located in Rice County with nearby schools including Jefferson Elementary School, Faribault Middle School, and Faribault Senior High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 7, 2025
Sold by
Sherman Erick C and Sherman Shawn
Bought by
Sherman Erick C and Sherman Shawn
Current Estimated Value
$308,646

Purchase Details

Closed on
Aug 19, 2022
Sold by
Mulder Rhonda S
Bought by
Sherman Erick C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,235
Interest Rate
5.3%
Mortgage Type
FHA
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
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 Buyer Sale Price Title Company
Sherman Erick C $500 None Listed On Document
Sherman Erick C $267,000 North Star Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sherman Erick C $246,235
Previous Owner Mulder Rhonda S $109,987
Previous Owner Mulder Rhonda S $139,010
Source: Public Records

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 $3,024 $279,600 $75,700 $203,900
2024 $3,024 $259,200 $69,200 $190,000
2023 $2,672 $259,200 $69,200 $190,000
2022 $2,362 $231,700 $69,200 $162,500
2021 $2,170 $196,000 $56,200 $139,800
2020 $2,056 $181,500 $49,700 $131,800
2019 $1,912 $176,100 $48,500 $127,600
2018 $2,036 $164,100 $44,100 $120,000
2017 $1,882 $150,900 $41,900 $109,000
2016 $1,894 $135,600 $39,700 $95,900
2015 $1,814 $133,100 $39,700 $93,400
2014 -- $131,900 $39,700 $92,200
Source: Public Records

Map

Minnesota Rice County Faribault 55021

1401 Spring Rd, Faribault, MN

This home is located at 1401 Spring Rd, Faribault, MN 55021 and is currently estimated at $308,646, approximately $161 per square foot. 1401 Spring Rd is a home located in Rice County with nearby schools including Jefferson Elementary School, Faribault Middle School, and Faribault Senior High School.

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