$315,000
SOLD OCT 25, 2024

504 3rd St NE Faribault, MN 55021

3 Beds
3 Baths
2,284 Sq Ft
0.53 Acres

Recently Sold

$138 Per Sq Ft

7 Days on Market

About This Home

As of October 2024

An incredible investment opportunity is knocking at your door! This well-maintained triplex is brimming with potential and charm. Step into the upstairs unit, where you'll find a fresh coat of paint, sleek new drywall and trim, updated plumbing, and contemporary fixtures. It's a space that feels both fresh and inviting. The basement unit shines with its recent paint job, updated trim, and plush new carpeting—creating a cozy retreat with modern appeal. The main floor unit, now enjoying its 13th year on a reliable long-term lease, is newly painted and offers exciting potential for conversion into a second bedroom. Recent enhancements throughout the property include beautifully improved landscaping, brand-new gutters, and a well-maintained furnace and AC system. The windows and siding are just four years old, ensuring durability and energy efficiency. Don’t miss your chance to own this versatile gem, poised to deliver exceptional returns!

Last Agent to Sell the Property

Lacie Nelson

eXp Realty Listed on: 09/16/2024

eXp Realty

Co-Listed By

Morgan Almendinger

eXp Realty

Last Buyer's Agent

Joseph Mueller

RE/MAX Results

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,760

Year Built

  • Built in 1928

Lot Details

  • Lot Dimensions are 100x220
  • Partially Fenced Property
  • Wood Fence

Home Design

  • Triplex

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Basement Window Egress

Utilities

  • Forced Air Heating System

Community Details

  • 3 Units
  • Coopers Add Subdivision

Listing and Financial Details

  • The owner pays for all utilities
  • Assessor Parcel Number 1832252011

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,760

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Triplex
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1928
  • Above Grade Finished Sq Ft: 1749
  • Water Sewer Expenses: 1080
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Egress Window(s), Finished, Full
  • Living Area: 2284
  • Below Grade Finished Sq Ft: 535
  • Owner Pays: All Utilities
  • Basement YN: Yes
  • Amenities: Main Floor Primary Bedroom
  • Appliances: Dishwasher,Dryer,Microwave
  • Total Rooms: 6
  • Appliances: Range
  • Total Rooms: 4
  • Number Of Fireplaces: 0
  • Appliances: Dishwasher,Microwave,Range
  • Number Of Fireplaces: 0
  • Total Rooms: 5

Beds/Baths

  • Total Bedrooms: 3

Exterior Features

  • Fencing: Partial, Wood
  • PatioPorchType: Enclosed,Rear Porch

Garage/Parking

  • Parking Features: Shared Driveway
  • Garage Square Feet: 0
  • Other Parking Spaces: 1

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas
  • Number of Ranges: Three

Schools

  • Junior High Dist: Faribault
  • SchoolDistrictNumber: 656
  • SchoolDistrictPhone: 507-333-6016

Lot Info

  • Lot Size: 100x220
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding
  • Units Total: 3

Rental Info

  • Expenses: 9019.0000

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 1832252011
  • Tax Annual Amount: 3760
  • TaxWithAssessments: 3760.0000

Multi Family

  • ElectricExpense: 2799
  • FuelExpense: 984
  • Number Of Refrigerators: Three

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
10/25/2024 10/25/24 Sold $315,000 0.0% $138 / Sq Ft
09/28/2024 09/28/24 Pending -- -- --
09/21/2024 09/21/24 For Sale $314,900 -- $138 / Sq Ft
Source: NorthstarMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6603545

NorthstarMLS

APN: 18.32.2.52.011