31 3rd St NE Faribault, MN 55021
About This Home
The Lofts on 1st and 3rd in Faribault offers a truly unique opportunity to immerse yourself in the heart of a vibrant and historic community. Housed in the beautifully renovated building, our upper-floor apartments bring together both comfort and style. These spacious apartments showcase architectural charm with features like large windows, soaring fifteen-foot ceilings, and stylish touches of exposed brick and wood beams. Designed with modern living in mind, the open-concept living space allows for seamless flow between kitchen, dining, and living areas. A generous bathroom, convenient in-unit laundry, and plentiful storage make everyday living a breeze. Plus, the culinary delights of the highly-rated Redemption Restaurant are right on the main floor. Join us at the Lofts on 1st and 3rd, where historic charm meets modern luxury living.
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/26/2023 09/26/23 | Price Changed | $1,800 | +20.0% | $2 / Sq Ft |
| 08/08/2023 08/08/23 | For Rent | $1,500 | 0.0% | -- |
| 05/10/2023 05/10/23 | For Rent | $1,500 | -- | -- |
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 | $2,138 | $144,400 | $0 | $144,400 |
| 2024 | $2,138 | $124,800 | $0 | $124,800 |
| 2023 | $1,874 | $124,800 | $0 | $124,800 |
| 2022 | $2,018 | $123,200 | $0 | $123,200 |
| 2021 | $1,994 | $123,800 | $0 | $123,800 |
| 2020 | $2,096 | $70,200 | $0 | $70,200 |
| 2019 | $2,096 | $68,700 | $0 | $68,700 |
| 2018 | $1,906 | $66,600 | $0 | $66,600 |
| 2017 | $2,110 | $60,100 | $0 | $60,100 |
| 2016 | $2,160 | $63,400 | $0 | $63,400 |
| 2015 | $986 | $63,400 | $0 | $63,400 |
| 2014 | -- | $33,900 | $0 | $33,900 |
Map
- 227 3rd Ave NE
- 15 1st St SE
- 210 5th Ave NE
- 826 Central Ave N Unit 8
- 207 Shumway Ave
- 4 5th Ave NW
- 626 4th Ave NW
- 117 9th St NW
- 521 2nd St NW
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- 322 8th St NW
- 415 8th St NW
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- 416 8th St NW
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- 14xx Division St E
- 614 6th St NW
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- 522 7th Ave NW
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- 31 3rd St NE
- 31 3rd St NE Unit 201
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- 31 3rd St NE Unit 3
- 31 3rd St NE Unit 2
- 31 3rd St NE Unit 4
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- 227 Central Ave N
- 32 2nd St NE
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