NOT LISTED FOR SALE

16089 Elgin Ct Faribault, MN 55021

Estimated Value: $467,000 - $556,000

3 Beds
2 Baths
2,225 Sq Ft
$226/Sq Ft Est. Value

Last Sold November 20, 2024

Last sale price $456,800 $205 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $2,872/month

81 Days on Market

Highlights

  • 210 Feet of Waterfront
  • Deck
  • Living Room with Fireplace
  • Beach Access
  • Wood Burning Stove
  • Main Floor Primary Bedroom

About This Home

As of November 2024

More than just lakefront! Welcome to the “Northwoods” in Rice County! Heavily wooded lot of nearly one acre tucked away on a non thru street, perched on a peninsula between Dudley and Kelly Lake. With 210 feet of lakeshore, this is the perfect blend of country, lake and seclusion. Uniquely designed home offers charming knotty pine walls and ceilings, a striking stacked brick fireplace with a wood feature insert, exposed beams, and a cozy open loft/bedroom with a private balcony. You will love all the outdoor entertaining spaces including the massive wrap around deck spanning over 500 sq ft. Features include main floor primary bedroom with walk thru bath, updated stainless steel kitchen appliances, family room wood stove, 3 season porch with hot tub, 2 slider doors to deck and walkout lower level. The deck & stairs are crafted from naturally durable ironwood. Seller to install new septic. 2 car detached garage. Just minutes to I-35 access and numerous area lakes. Pristine spring fed lake. Immerse yourself in the breathtaking views of the lake and surrounding countryside from your private sanctuary!

Last Agent to Sell the Property

Daryl Bauer

Re/Max Advantage Plus Listed on: 07/29/2024

Re/Max Advantage Plus

Last Buyer's Agent

Tracy Steinberg

ERA Gillespie Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,904

Year Built

  • Built in 1978

Lot Details

  • 0.9 Acre Lot
  • Lot Dimensions are 210x275x75x260
  • 210 Feet of Waterfront
  • Lake Front
  • Cul-De-Sac
  • Street terminates at a dead end
  • Unpaved Streets
  • Many Trees

Parking

  • 2 Car Garage

Home Design

  • Flex
  • Pitched Roof
  • Wood Siding

Interior Spaces

  • 1.5-Story Property
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Free Standing Fireplace
  • Circulating Fireplace
  • Stone Fireplace
  • Fireplace Features Masonry
  • Entrance Foyer
  • Family Room
  • Living Room with Fireplace
  • 2 Fireplaces
  • Dining Room

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • The kitchen features windows

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Block Basement Construction
  • Basement Storage
  • Basement Window Egress

Outdoor Features

  • Beach Access
  • Deck
  • Patio
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Well
  • Electric Water Heater
  • Water Softener is Owned
  • Septic System
  • High Speed Internet

Community Details

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

Listing and Financial Details

  • Assessor Parcel Number 1008101010

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,904

Year Built

Built in 1978

Lot Details

0.9 Acres

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: None
  • Fireplaces: 2
  • Water Source: Well
  • Year Built: 1978
  • Above Grade Finished Sq Ft: 1462
  • Water Body Name: Kelly & Dudley
  • Unit Levels: One and One Half
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: DSL
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Block, Daylight/Lookout Windows, Egress Window(s), Finished, Full, Storage Space, Walkout
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer, Water Softener Owned
  • Fireplace Features: Circulating, Fireplace Footings, Free Standing, Full Masonry, Living Room, Stone, Wood Burning, Wood Burning Stove
  • Living Area: 2225
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 763
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Kitchen, Bedroom 1, Bathroom, Foyer, Bedroom 2, Family Room, Bedroom 3, Flex Room, Laundry, Three Season Porch, Deck, Patio

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Three Quarter Bathrooms: 1

Exterior Features

  • Roof: Age Over 8 Years, Asphalt, Pitched
  • Fencing: None
  • View: East, Lake, Panoramic
  • PatioPorchType: Deck,Patio,Wrap Around
  • LakeChain: N
  • Elevation Highpoint to Waterfront Feet: 15-26
  • Waterfront Frontage: 210

Garage/Parking

  • Parking Features: Detached, Asphalt

Utilities

  • Heating: Forced Air
  • Sewer: Private Sewer, Septic System Compliant - No, Tank with Drainage Field
  • Electric: Circuit Breakers
  • Fuel: Electric

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Balcony,Ceiling Fan(s),Deck,Hot Tub,Kitchen Window,Main Floor Primary Bedroom,Patio,Panoramic View,Skylight,Sun Room,Tile Floors,Vaulted Ceiling(s),Washer/Dryer Hookup

Schools

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

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: 210x275x75x260
  • Lot Size Sq Ft: 39204
  • Land Lease: No
  • Lot Features: Accessible Shoreline, Many Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Wood Siding

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 1008101010
  • Tax Annual Amount: 2904
  • TaxWithAssessments: 2904.0000

Multi Family

  • WaterfrontFeatures: Lake Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2024
Closed on
Nov 15, 2024
Sold by
Storch Duane W and Storch Dorothy V
Bought by
Peterson Rick and Peterson Kristine
Seller's Agent
Daryl Bauer
Re/Max Advantage Plus
Buyer's Agent
Tracy Steinberg
ERA Gillespie Real Estate
List Price
$499,900
Sold Price
$456,800
Premium/Discount to List
-$43,100
-8.62%
Views
72
Current Estimated Value
$503,031

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,231
Avg. Annual Appreciation
7.52%
Original Mortgage
$308,000
Outstanding Balance
$303,822
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$199,209
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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Purchase History

Date Buyer Sale Price Title Company
Peterson Rick $456,800 Trademark Title
Peterson Rick $456,800 Trademark Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Peterson Rick $308,000
Closed Peterson Rick $308,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/20/2024 11/20/24 Sold $456,800 -4.7% $205 / Sq Ft
10/18/2024 10/18/24 Pending -- -- --
09/09/2024 09/09/24 Price Changed $479,500 -4.1% $216 / Sq Ft
07/29/2024 07/29/24 For Sale $499,900 -- $225 / Sq Ft
Source: NorthstarMLS

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 $3,060 $426,700 $137,200 $289,500
2024 $3,060 $393,300 $123,800 $269,500
2023 $2,658 $393,300 $123,800 $269,500
2022 $2,374 $343,800 $110,400 $233,400
2021 $2,316 $289,700 $94,600 $195,100
2020 $2,078 $285,200 $110,700 $174,500
2019 $2,080 $270,000 $110,700 $159,300
2018 $2,026 $266,500 $110,700 $155,800
2017 $2,158 $258,000 $110,700 $147,300
2016 $2,242 $256,500 $110,700 $145,800
2015 $2,170 $257,700 $110,700 $147,000
2014 -- $259,600 $110,700 $148,900
Source: Public Records

Agents Affiliated with this Home

  • Daryl Bauer

    Seller's Agent in 2024

    Daryl Bauer

    RE/MAX

    (952) 240-5773

    357 Total Sales

    Daryl Bauer
    Section Image
  • Tracy Steinberg

    Buyer's Agent in 2024

    Tracy Steinberg

    ERA Gillespie Real Estate

    (507) 213-1154

    96 Total Sales

    Tracy Steinberg
    Section Image
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Map

Source: NorthstarMLS

MLS Number: 6577844

NorthstarMLS

APN: 10.08.1.01.010

Minnesota Rice County Faribault 55021

16089 Elgin Ct, Faribault, MN

Not Listed for Sale

Detached

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NorthstarMLS Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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