504 7th St NW Faribault, MN 55021
Estimated payment $2,433/month
Highlights
- Fireplace in Primary Bedroom
- No HOA
- Front Porch
- Corner Lot
- The kitchen features windows
- Butlers Pantry
About This Home
Introducing a magnificent Victorian home, deeply rooted in the history of Faribault and recognized as one of the iconic “Gallagher Homes” designed by the long time state architect C.H. Johnston. This regal residence features 6 generously sized bedrooms and 2 elegant bathrooms, all nestled on a sprawling oversized double corner lot that offers an abundance of outdoor space. As you approach this enchanting property, you are greeted by a charming, large front porch, perfect for relaxing on summer days. The inviting wooden front door opens into a grand foyer that beckons you into the expansive great room and living area, where you’ll discover a breathtaking fireplace, exquisite stained glass windows, and stunning hardwood floors that reflect the home's timeless elegance. Double pocket doors gracefully separate the grand living area from the formal dining room, a space that showcases intricate woodwork and a gorgeous built-in hutch, perfect for displaying treasured China. The adjoining butler's pantry offers ample storage and convenience, leading you seamlessly into a beautifully updated kitchen. This culinary haven boasts an abundance of cabinet space, sleek stainless steel appliances, and an efficient pantry room to accommodate all your kitchen essentials. As you continue to explore the main level, you’ll find a delightful three-season screened porch, an ideal spot for savoring warm summer evenings while surrounded by nature. Also, a convenient half bathroom and a comfortable bedroom, perfect for guests or family members seeking privacy and relaxation. Venture upstairs to discover a retreat featuring 4 spacious bedrooms, each offering ample natural light and comfort. The layout includes a generous landing area, a full bathroom, and a thoughtfully located large laundry room, along with a cozy sleeping porch that provides an intimate escape. You'll also appreciate the framed reproductions of the original blueprints displayed on the landing, telling a story of the home’s rich heritage. The third floor reveals yet another expansive bedroom, coupled with a versatile bonus room that can serve multiple purposes, such as a home office, playroom, or additional guest space. Descend into the basement, where an expansive family room awaits, perfectly suited for lively game nights or cozy movie marathons. This level includes laundry hookups in one of the three storage rooms and features a fur safe, blending practicality with peace of mind. The property is surrounded by a lovely rail fence, enhancing its stately charm and providing an added sense of privacy. Completing this extraordinary home is a 4-stall garage, cleverly converted from a historic dairy barn, offering generous upper-level storage and a unique character that ties back to the property’s rich past. This stunning home is a rare gem, offering a blend of historic grandeur and modern convenience. It truly needs to be seen in person to be fully appreciated—call today to experience a piece of Faribault history before it’s gone!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,848
Year Built
- Built in 1905
Lot Details
- Lot Dimensions are 132x165
- Split Rail Fence
- Corner Lot
Parking
- 4 Car Attached Garage
- Garage Door Opener
Home Design
- Wood Siding
- Shake Siding
Interior Spaces
- 2-Story Property
- Living Room with Fireplace
- 2 Fireplaces
- Utility Room Floor Drain
Kitchen
- Butlers Pantry
- Range
- Microwave
- Dishwasher
- The kitchen features windows
Bedrooms and Bathrooms
- 5 Bedrooms
- Fireplace in Primary Bedroom
Laundry
- Laundry Room
- Laundry on upper level
- Dryer
- Washer
Finished Basement
- Block Basement Construction
- Natural lighting in basement
Outdoor Features
- Patio
- Front Porch
Utilities
- Window Unit Cooling System
- Hot Water Heating System
Community Details
- No Home Owners Association
- Paquins 2Nd Add Subdivision
Listing and Financial Details
- Assessor Parcel Number 1830375091
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2026 | $4,908 | $399,100 | $93,200 | $305,900 |
| 2025 | $4,908 | $408,500 | $90,500 | $318,000 |
| 2024 | $4,700 | $370,900 | $69,200 | $301,700 |
| 2023 | $4,068 | $370,900 | $69,200 | $301,700 |
| 2022 | $3,830 | $339,400 | $68,600 | $270,800 |
| 2021 | $3,896 | $301,600 | $57,700 | $243,900 |
| 2020 | $3,564 | $304,800 | $57,700 | $247,100 |
| 2019 | $3,296 | $285,900 | $54,900 | $231,000 |
| 2018 | $3,232 | $263,200 | $53,100 | $210,100 |
| 2017 | $3,030 | $252,600 | $53,100 | $199,500 |
| 2016 | $3,000 | $231,600 | $47,200 | $184,400 |
| 2015 | $2,922 | $225,200 | $47,200 | $178,000 |
| 2014 | -- | $229,800 | $59,000 | $170,800 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/03/2026 04/03/26 | For Sale | $380,000 | +58.3% | $88 / Sq Ft | |
| 04/07/2015 04/07/15 | Sold | $240,000 | -4.0% | $55 / Sq Ft | View Prior Sale |
| 03/04/2015 03/04/15 | Pending | -- | -- | -- | |
| 02/12/2015 02/12/15 | For Sale | $249,900 | -- | $58 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $240,000 | -- | |
| Warranty Deed | $135,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $185,054 | No Value Available |
About the Listing Agent
*"With 20 years of real estate experience across Minnesota, I’ve successfully guided clients through every market condition and every property type—lakefront homes, rural retreats, suburban neighborhoods, and downtown condos. I know what it takes to position a property so it stands out, attracts qualified buyers, and secures the best possible price in the shortest amount of time.
My approach blends strategic marketing with personalized service. From professional photography and
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Ask me questions while you tour the home.