4055 Wells Lake Ct Faribault, MN 55021
Estimated Value: $484,983 - $587,000
5
Beds
2
Baths
1,768
Sq Ft
$299/Sq Ft
Est. Value
About This Home
This home is located at 4055 Wells Lake Ct, Faribault, MN 55021 and is currently estimated at $529,496, approximately $299 per square foot. 4055 Wells Lake Ct 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 21, 2017
Sold by
Warnemunde Charles W and Lusk Amber J
Bought by
Mushitz John P and Mushitz Jennifer E
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,960
Outstanding Balance
$223,232
Interest Rate
3.5%
Mortgage Type
FHA
Estimated Equity
$306,264
Purchase Details
Closed on
Oct 28, 1999
Sold by
Thompson Tracy T
Bought by
Jones Brady E and Jones Helen M
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mushitz John P | $276,000 | Rice County Abstract & Title | |
| Jones Brady E | $170,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mushitz John P | $270,960 |
Source: Public Records
Tax History Compared to Growth
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 | $3,450 | $474,300 | $99,700 | $374,600 |
| 2024 | $3,190 | $430,900 | $93,300 | $337,600 |
| 2023 | $3,058 | $430,900 | $93,300 | $337,600 |
| 2022 | $2,754 | $392,300 | $86,800 | $305,500 |
| 2021 | $2,558 | $332,500 | $77,000 | $255,500 |
| 2020 | $2,396 | $312,900 | $77,000 | $235,900 |
| 2019 | $2,126 | $308,000 | $77,000 | $231,000 |
| 2018 | $2,026 | $271,900 | $77,000 | $194,900 |
| 2017 | $1,886 | $258,000 | $77,000 | $181,000 |
| 2016 | $1,886 | $227,100 | $77,000 | $150,100 |
| 2015 | $1,810 | $220,500 | $77,000 | $143,500 |
| 2014 | -- | $220,400 | $77,000 | $143,400 |
Source: Public Records
Map
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