NOT LISTED FOR SALE

20050 Wells Lake Way Faribault, MN 55021

Estimated Value: $466,272 - $490,000

3 Beds
2 Baths
1,920 Sq Ft
$249/Sq Ft Est. Value

About This Home

This home is located at 20050 Wells Lake Way, Faribault, MN 55021 and is currently estimated at $478,068, approximately $248 per square foot. 20050 Wells Lake Way is a home located in Rice County with nearby schools including Lincoln Elementary School, Faribault Middle School, and Faribault Senior High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 18, 2023
Sold by
Shine Michael C and Shine Donna J
Bought by
Shine Michael C and Shine Donna J
Current Estimated Value
$478,068

Purchase Details

Closed on
Mar 7, 2023
Sold by
Maas Thomas J and Maas Sharon L
Bought by
Shine Michael Christopher and Shine Donna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
6.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 26, 2001
Sold by
Larson James D and Larson Heather C
Bought by
Maas Thomas J and Maas Sharon L

Purchase Details

Closed on
Jun 12, 1997
Sold by
Lechtenbergt Bradley and Lechtenbergt Lee Ann
Bought by
Larson James D
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Shine Michael C -- None Listed On Document
Shine Michael Christopher $410,000 Title Fusion
Maas Thomas J $157,500 --
Larson James D $142,700 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shine Michael Christopher $328,000
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 $3,120 $432,400 $82,800 $349,600
2024 $3,120 $413,500 $76,700 $336,800
2023 $2,918 $413,500 $76,700 $336,800
2022 $2,608 $375,300 $70,500 $304,800
2021 $2,414 $316,100 $61,300 $254,800
2020 $2,260 $296,500 $61,300 $235,200
2019 $1,778 $291,600 $61,300 $230,300
2018 $1,702 $236,100 $61,300 $174,800
2017 $1,876 $220,500 $61,300 $159,200
2016 $1,904 $211,300 $61,300 $150,000
2015 $1,692 $207,500 $61,300 $146,200
2014 -- $207,400 $61,300 $146,100
Source: Public Records

Map

Minnesota Rice County Faribault 55021

20050 Wells Lake Way, Faribault, MN

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