NOT LISTED FOR SALE

4038 Wells Lake Way Faribault, MN 55021

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

4 Beds
2.5 Baths
2,454 Sq Ft
$195/Sq Ft Est. Value

Last Sold March 07, 2023

Last sale price $410,000 $167 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $2,767/month

Highlights

  • Deeded Waterfront Access Rights
  • Recreation Room
  • No HOA
  • Lake View
  • Sun or Florida Room
  • The kitchen features windows

About This Home

As of March 2023

You will instantly feel at home when you walk in the door! This home features lake views with deed access along with multiple spaces inside and out to enjoy and relax. The main floor offers an open floor plan with the attached heated garage, the natural light is endless! The upper level has three bedrooms with a full bathroom, lower level is a walk out with a spacious family room, bathroom and 4th bedroom, basement rec room is a great flex room that could be used for multiple purposes. Enjoy the inside hot tub during these cold months! The lowest level has the 3rd stall garage with ample amount of storage. Come warmer days, enjoy the covered front porch or the back deck!

Last Agent to Sell the Property

Marissa Babcock

Weichert, REALTORS- Heartland Listed on: 02/01/2023

Weichert, REALTORS- Heartland

Last Buyer's Agent

Katie Rose

Keller Williams Select Realty

Keller Williams Select Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,568

Year Built

  • Built in 1988

Lot Details

  • 0.67 Acre Lot
  • Lot Dimensions are 126x232
  • Irregular Lot
  • Few Trees

Parking

  • 3 Car Attached Garage
  • Parking Storage or Cabinetry
  • Heated Garage
  • Insulated Garage

Home Design

  • Split Level Home
  • Vinyl Siding

Interior Spaces

  • Gas Fireplace
  • Family Room
  • Living Room with Fireplace
  • Dining Room
  • Recreation Room
  • Sun or Florida Room
  • Lake Views

Kitchen

  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • The kitchen features windows

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Window Egress

Outdoor Features

  • Deeded Waterfront Access Rights

Utilities

  • Forced Air Heating and Cooling System
  • Shared Water Source
  • Well

Community Details

  • No Home Owners Association
  • S View Second Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1033101013

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,568

Year Built

Built in 1988

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: Shared System, Well
  • Year Built: 1988
  • Above Grade Finished Sq Ft: 1142
  • Water Body Name: Wells
  • Unit Levels: Four or More Level Split
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Daylight/Lookout Windows, Egress Window(s), Finished, Walkout
  • Appliances: Dishwasher, Dryer, Freezer, Microwave, Range, Refrigerator, Washer
  • Fireplace Features: Gas, Living Room
  • Living Area: 2454
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 1312
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Family Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Recreation Room, Sun Room
  • SqFtTotal: 2454.00

Beds/Baths

  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Three Quarter Bathrooms: 1

Exterior Features

  • Roof: Age 8 Years or Less, Asphalt
  • View: Lake
  • Other Structures: Storage Shed
  • LakeChain: N

Garage/Parking

  • Parking Features: Attached Garage, Concrete, Heated Garage, Insulated Garage, Storage

Utilities

  • Heating: Forced Air
  • Sewer: Private Sewer
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Deck,Hot Tub,Kitchen Window,Natural Woodwork

Schools

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

Lot Info

  • Waterfront YN: No
  • PropertyAttachedYN: No
  • Lot Size: 126X232
  • Lot Size Sq Ft: 29185.2
  • Land Lease: No
  • Lot Features: Irregular Lot, Tree Coverage - Light
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 1033101013
  • Tax Annual Amount: 2568
  • TaxWithAssessments: 2608.0000

Multi Family

  • WaterfrontFeatures: Deeded Access, Lake View

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

Listed on
Feb 1, 2023
Closed on
Mar 7, 2023
Sold by
Maas Thomas J and Maas Sharon L
Bought by
Shine Michael Christopher and Shine Donna
Seller's Agent
Marissa Babcock
Weichert, REALTORS- Heartland
Buyer's Agent
Katie Rose
Keller Williams Select Realty
List Price
$399,900
Sold Price
$410,000
Premium/Discount to List
$10,100
2.53%
Views
21

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.97%
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:

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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 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

Property History

Date Event Price List to Sale Price per Sq Ft
03/07/2023 03/07/23 Sold $410,000 +2.5% $167 / Sq Ft
02/01/2023 02/01/23 Pending -- -- --
02/01/2023 02/01/23 For Sale $399,900 -- $163 / 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 $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

Agents Affiliated with this Home

  • Marissa Babcock

    Seller's Agent in 2023

    Marissa Babcock

    Weichert, REALTORS- Heartland

    (507) 210-1617

    182 Total Sales

    Marissa Babcock
    Section Image
  • Katie Rose

    Buyer's Agent in 2023

    Katie Rose

    Keller Williams Select Realty

    (952) 451-7741

    44 Total Sales

    Katie Rose
    Section Image
See All Agents

Map

Source: NorthstarMLS

MLS Number: 6327907

NorthstarMLS

APN: 10.33.1.01.013

Minnesota Rice County Faribault 55021

4038 Wells Lake Way, Faribault, MN

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