$610,000
SOLD APR 30, 2025

16087 Elgin Ct Faribault, MN 55021

3 Beds
4 Baths
4,930 Sq Ft
0.98 Acres

Recently Sold

$124 Per Sq Ft

5% Below List Price

18 Days on Market

Highlights

  • Lake Front
  • Recreation Room
  • No HOA
  • Beach Access
  • Main Floor Primary Bedroom
  • Den

About This Home

As of April 2025

Introducing an extraordinary executive Tudor-style home on Kelly Dudley Lake, set on nearly an acre of land with over 150 feet of pristine lakeshore. This stunning property blends luxury with the serene beauty of nature. Enjoy year-round relaxation in your own personal retreat, with spacious outdoor entertaining areas, and easy access to recreational activities. Whether you’re savoring sunrise views over the water or hosting friends and family in this elegant setting, this home offers an unparalleled lakeside lifestyle. Nestled on a cul-de-sac this residence offers ultimate privacy and tranquility. The home was constructed with jumbo brick winter stress skin panels which enhance structural integrity and energy efficiency. It has R48 insulation in the ceilings, R36 insulation in the 12-inch walls. With stunning panoramic views of the water, this thoughtfully designed home features oak wood floors with rich White Oak timbers inside and a cozy, heat-sealed wood-burning fireplace create a warm and inviting atmosphere. The kitchen has Corian countertops. A walkout basement with nine-foot ceilings is ready for your customization into a future bonus living space, while the detached three-stall garage, complete with a floor drain, provides ample storage and convenience. This home has been cherished by the same family since its construction, making it a rare and truly special opportunity for the next lucky owner. There is an electric car charger which is hooked up and metered.

Last Agent to Sell the Property

Kathy Kalow

Edina Realty, Inc. Listed on: 03/20/2025

Edina Realty, Inc.

Last Buyer's Agent

Daryl Bauer

Re/Max Advantage Plus

Re/Max Advantage Plus

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,518

Year Built

  • Built in 1987

Lot Details

  • 0.98 Acre Lot
  • Lot Dimensions are 160x153.2x275x270
  • Lake Front
  • Many Trees
  • Zoning described as Shoreline,Residential-Single Family

Parking

  • 3 Car Garage

Home Design

  • Wood Siding

Interior Spaces

  • 1.5-Story Property
  • Wood Burning Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Den
  • Recreation Room
  • Utility Room Floor Drain

Kitchen

  • Range
  • Dishwasher
  • The kitchen features windows

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Block Basement Construction
  • Natural lighting in basement

Outdoor Features

  • Beach Access

Utilities

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

Community Details

  • No Home Owners Association
  • Bohn Smith Lake Shore Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1008101011

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,518

Year Built

Built in 1987

Lot Details

0

Parking

3

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 3
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: Well
  • Year Built: 1987
  • Above Grade Finished Sq Ft: 3086
  • Water Body Name: Kelly & Dudley
  • Unit Levels: One and One Half
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Block, Daylight/Lookout Windows, Finished, Full, Walkout
  • Appliances: Dishwasher, Dryer, Exhaust Fan, Range, Refrigerator, Washer, Water Softener Owned
  • Fireplace Features: Wood Burning
  • Living Area: 4930
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 1844
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Kitchen, Family Room, Bedroom 1, Bedroom 2, Bedroom 3, Den, Recreation Room

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bedrooms: 3

Exterior Features

  • Roof: Age Over 8 Years
  • Other Structures: Additional Garage
  • ConstructionMaterialsDesc: Block,Timber/Post & Beam,Frame
  • LakeChain: N

Garage/Parking

  • Parking Features: Detached, Gravel, Floor Drain

Utilities

  • Heating: Forced Air
  • Sewer: Private Sewer, Septic System Compliant - No
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Deck,Kitchen Window,Main Floor Primary Bedroom,Patio

Schools

  • Junior High Dist: Faribault
  • SchoolDistrictPhone: 507-333-6016

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: 160x153.2x275x270
  • Lot Size Sq Ft: 42688.8
  • Land Lease: No
  • Lot Features: Accessible Shoreline, Many Trees
  • Additional Parcels: No
  • Zoning Description: Shoreline,Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Yes
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone, Stucco, Wood Siding

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 1008101011
  • Tax Annual Amount: 4518
  • TaxWithAssessments: 4558.0000

Multi Family

  • WaterfrontFeatures: Lake Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2025
Closed on
Apr 24, 2025
Sold by
Bates John William and Bates Tara J
Bought by
Carr Michael T and Carr Denise M
Seller's Agent
Kathy Kalow
Edina Realty, Inc.
Buyer's Agent
Daryl Bauer
Re/Max Advantage Plus
List Price
$645,000
Sold Price
$610,000
Premium/Discount to List
-$35,000
-5.43%
Views
80
Current Estimated Value
$630,143

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,143
Avg. Annual Appreciation
4.89%
Original Mortgage
$488,000
Outstanding Balance
$485,830
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$144,313
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 $610,000 Trademark Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $488,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2025 04/30/25 Sold $610,000 -5.4% $124 / Sq Ft
04/07/2025 04/07/25 Pending -- -- --
03/20/2025 03/20/25 For Sale $645,000 -- $131 / 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 $4,558 $608,800 $135,700 $473,100
2024 $4,558 $556,200 $122,500 $433,700
2023 $3,772 $556,200 $122,500 $433,700
2022 $3,418 $483,300 $109,300 $374,000
2021 $3,150 $407,400 $91,600 $315,800
2020 $2,876 $380,000 $108,200 $271,800
2019 $2,852 $365,400 $108,200 $257,200
2018 $2,774 $357,000 $108,200 $248,800
2017 $2,954 $344,800 $108,200 $236,600
2016 $3,062 $342,400 $108,200 $234,200
2015 $2,966 $343,800 $108,200 $235,600
2014 -- $346,600 $108,200 $238,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6615565

NorthstarMLS

APN: 10.08.1.01.011