NOT LISTED FOR SALE

502 11th St SW Faribault, MN 55021

Estimated Value: $94,000 - $158,000

2 Beds
1 Bath
673 Sq Ft
$172/Sq Ft Est. Value

Last Sold March 10, 2023

Last sale price $60,000 $89 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $692/month

Highlights

  • No HOA
  • Living Room
  • Entrance Foyer
  • Porch
  • Laundry Room
  • Forced Air Heating System

About This Home

As of March 2023

Your new 2+ bedroom home in a private, tucked away locale with a large fenced yard. Room to grow in the lower level. Set up perfectly for a home based business with a large 4+ car garage and workshop. Build your own equity! An open, flowing floorplan with hardwood floors, waiting for your finishing touches. Walk, hike and bike to the Cannon River Reservoir, Rive Bend Nature Center and sports complex, downtown, schools, shopping and surrounded by multiple lakes and minutes from state land. Plumbing damage is apparent. No water turn on for inspections.

Last Agent to Sell the Property

Cory Rudnitski

RE/MAX Advantage Plus Listed on: 01/24/2023

RE/MAX Advantage Plus

Last Buyer's Agent

Dave Campbell

Weichert, REALTORS- Heartland

Weichert, REALTORS- Heartland

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $774

Year Built

  • Built in 1926

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 44x150x45x147
  • Few Trees

Parking

  • 4 Car Garage

Home Design

  • Unfinished Walls
  • Wood Siding

Interior Spaces

  • 673 Sq Ft Home
  • 1.5-Story Property
  • Entrance Foyer
  • Living Room
  • Dining Room
  • Utility Room
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Natural lighting in basement

Outdoor Features

  • Porch

Utilities

  • No Cooling
  • Forced Air Heating System

Community Details

  • No Home Owners Association
  • Southern Heights 1St Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1806251031

Home Details

Home Type

Single Family

Est. Annual Taxes

$774

Year Built

Built in 1926

Lot Details

0

Parking

4

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: None
  • Garage Spaces: 4
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1926
  • Above Grade Finished Sq Ft: 673
  • Unit Levels: One and One Half
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: 20
  • Property Sub Type: Detached

Interior Features

  • Basement: Daylight/Lookout Windows, Full, Unfinished
  • Living Area: 673
  • Fireplace: No
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Kitchen, Foyer, Bedroom 1, Bedroom 2, Unfinished, Utility Room, Laundry
  • SqFtTotal: 1069.00

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Roof: Asphalt
  • PoolFeatures: None
  • ConstructionMaterialsDesc: Block,Insulating Concrete Forms
  • PatioPorchType: Porch

Garage/Parking

  • Parking Features: Detached

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No

Schools

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

Lot Info

  • Topography: Level
  • PropertyAttachedYN: No
  • Lot Size: 44x150x45x147
  • Lot Size Sq Ft: 6534
  • Land Lease: No
  • Lot Features: Tree Coverage - Light
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Stucco, Wood Siding

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 1806251031
  • Tax Annual Amount: 774
  • TaxWithAssessments: 774.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2023
Closed on
Mar 13, 2023
Sold by
Vrtmg Asset Trust
Bought by
Walker Ryan J
Seller's Agent
Cory Rudnitski
RE/MAX Advantage Plus
Buyer's Agent
Dave Campbell
Weichert, REALTORS- Heartland
List Price
$69,900
Sold Price
$60,000
Premium/Discount to List
-$9,900
-14.16%
Views
263
Current Estimated Value
$115,982

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,982
Avg. Annual Appreciation
26.43%

Purchase Details

Listed on
Jan 24, 2023
Closed on
Mar 10, 2023
Sold by
Us Bank Trust National Association Not
Bought by
Walker Ryan
Seller's Agent
Cory Rudnitski
RE/MAX Advantage Plus
Buyer's Agent
Dave Campbell
Weichert, REALTORS- Heartland
List Price
$69,900
Sold Price
$60,000
Premium/Discount to List
-$9,900
-14.16%
Views
263

Purchase Details

Closed on
Nov 29, 2021
Sold by
Kabrud Patrick J and Wells Fargo Bank Na
Bought by
Specialized Loan Servicing Llc

Purchase Details

Closed on
May 5, 2008
Sold by
Reineke Ronald C and Reineke Constance L
Bought by
Rabrud Patrick J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Walker Ryan J $60,000 Northstar Title
Walker Ryan $60,000 --
Specialized Loan Servicing Llc -- None Available
Rabrud Patrick J $33,729 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/10/2023 03/10/23 Sold $60,000 -14.2% $89 / Sq Ft
01/24/2023 01/24/23 Pending -- -- --
01/24/2023 01/24/23 For Sale $69,900 -- $104 / 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 $1,002 $79,400 $35,400 $44,000
2024 $1,002 $72,900 $34,300 $38,600
2023 $904 $72,900 $34,300 $38,600
2022 $774 $90,700 $32,100 $58,600
2021 $720 $77,400 $25,400 $52,000
2020 $666 $71,800 $24,300 $47,500
2019 $700 $66,300 $21,000 $45,300
2018 $698 $69,700 $21,000 $48,700
2017 $706 $67,800 $21,000 $46,800
2016 $770 $66,400 $21,000 $45,400
2015 $658 $70,200 $16,600 $53,600
2014 -- $70,300 $16,600 $53,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6326445

NorthstarMLS

APN: 18.06.2.51.031