NOT LISTED FOR SALE

4050 Wells Lake Way Faribault, MN 55021

Estimated Value: $499,797 - $615,000

5 Beds
3 Baths
1,700 Sq Ft
$326/Sq Ft Est. Value

About This Home

This home is located at 4050 Wells Lake Way, Faribault, MN 55021 and is currently estimated at $554,199, approximately $325 per square foot. 4050 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.

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
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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

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 $3,504 $481,600 $80,200 $401,400
2024 $3,504 $483,700 $74,200 $409,500
2023 $3,412 $483,700 $74,200 $409,500
2022 $3,066 $436,800 $68,300 $368,500
2021 $2,832 $367,700 $59,400 $308,300
2020 $2,568 $343,900 $59,400 $284,500
2019 $2,222 $328,500 $59,400 $269,100
2018 $2,154 $283,200 $59,400 $223,800
2017 $2,304 $272,900 $59,400 $213,500
2016 $2,334 $257,600 $59,400 $198,200
2015 $2,104 $252,500 $59,400 $193,100
2014 -- $252,300 $59,400 $192,900
Source: Public Records

Map

Minnesota Rice County Faribault 55021

4050 Wells Lake Way, Faribault, MN

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