3890 Wells Lake Way Faribault, MN 55021
Estimated payment $5,034/month
Total Views
818
3
Beds
2.5
Baths
2,680
Sq Ft
$310
Price per Sq Ft
Highlights
- 207 Feet of Waterfront
- Multiple Garages
- Deck
- Beach Access
- RV Access or Parking
- Family Room with Fireplace
About This Home
Stunning Lakefront Rambler on Beautiful Wells Lake – A Rare Opportunity!Discover your dream home on the north shore of Wells Lake with this exceptional 3-bedroom, 3-bathroom rambler that perfectly blends comfort, luxury, and functionality. Nestled on a flat, spacious lot with over 200 feet of pristine shoreline, this one-of-a-kind property offers panoramic south-facing lake views, a sandy beach, and a truly remarkable 2,200 sq ft attached shop with 13' RV garage door, in addition to a generous 3-car garage. As you arrive, the grand double driveway and elegant paver front entry welcomes you home, while the covered front porch invites you to relax and take in the serene surroundings and bubbling water feature in the landscaping. Step inside to an open-concept vaulted living, dining, and kitchen area, all oriented to maximize breathtaking views of the lake. The custom-designed kitchen is a chef’s delight, featuring a massive center island with a built-in oven, an oversized breakfast bar, and beautiful oak cabinetry with a built-in hutch. From here, step out onto the expansive, maintenance-free wraparound deck with a motorized awning — perfect for sunny days. Arguably the best feature of the home is the incredible 4-season porch, offering vaulted ceilings, a cozy gas fireplace, and floor-to-ceiling windows that flood the space with natural light and offer unobstructed lake views. Enjoy direct access to the deck for seamless indoor-outdoor living. The main level also features a spacious primary suite with walk-in closet, walkthrough full main bath, and sliding glass door to the 4-season porch, a second bedroom with potential for a home office, offering direct access to the attached shop, and main floor laundry. Downstairs, you’ll find a third bedroom, craft room, a cozy family room with fireplace and wet bar, 3/4 bath, and walkout access to a length of home stamped concrete patio with a dry ceiling system — ideal for enjoying rainy days in comfort. The attached heated shop is a rare and valuable feature, perfect for RV enthusiasts, hobbyists, or small business needs, with its own bathroom and utility sinks. Located just minutes from the historic river town of Faribault, you’ll enjoy the charm of rural lake living with the convenience of nearby shopping, dining, and amenities. This home includes a one-year home warranty for added peace of mind. Don’t miss your chance to own this extraordinary lakeside retreat – homes like this don’t come around often!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,198
Year Built
- Built in 1988
Lot Details
- 1.31 Acre Lot
- 207 Feet of Waterfront
- Lake Front
- Unpaved Streets
Parking
- 5 Car Attached Garage
- Multiple Garages
- Heated Garage
- Insulated Garage
- Garage Door Opener
- RV Access or Parking
Home Design
- Pitched Roof
- Shake Siding
Interior Spaces
- 1-Story Property
- Family Room with Fireplace
- 2 Fireplaces
- Living Room with Fireplace
- Hobby Room
- Utility Room Floor Drain
- Washer
Kitchen
- Built-In Oven
- Range
- Microwave
- Dishwasher
- The kitchen features windows
Bedrooms and Bathrooms
- 3 Bedrooms
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Sump Pump
- Drain
Eco-Friendly Details
- Air Exchanger
Outdoor Features
- Beach Access
- Deck
- Patio
- Porch
Utilities
- Forced Air Heating and Cooling System
- 200+ Amp Service
- Private Water Source
- Well
Community Details
- No Home Owners Association
- Dels View Subdivision
Listing and Financial Details
- Assessor Parcel Number 1034226028
Map
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Home Values in the Area
Average Home Value in this Area
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 | $5,238 | $661,600 | $163,100 | $498,500 |
| 2024 | $5,238 | $630,600 | $155,500 | $475,100 |
| 2023 | $4,332 | $630,600 | $155,500 | $475,100 |
| 2022 | $4,362 | $547,200 | $140,300 | $406,900 |
| 2021 | $4,150 | $517,400 | $155,700 | $361,700 |
| 2020 | $3,818 | $499,000 | $155,700 | $343,300 |
| 2019 | $3,568 | $482,400 | $155,700 | $326,700 |
| 2018 | $44 | $442,900 | $155,700 | $287,200 |
| 2017 | $3,616 | $431,000 | $155,700 | $275,300 |
| 2016 | $3,730 | $413,900 | $155,700 | $258,200 |
| 2015 | $3,600 | $413,800 | $155,700 | $258,100 |
| 2014 | -- | $416,000 | $155,700 | $260,300 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/09/2025 05/09/25 | For Sale | $829,900 | -- | $310 / Sq Ft |
Source: NorthstarMLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $400,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $400,000 | Construction |
Source: Public Records
Similar Homes in Faribault, MN
Source: NorthstarMLS
MLS Number: 6718205
APN: 10.34.2.26.028
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