NOT LISTED FOR SALE

516 3rd Ave SW Faribault, MN 55021

Estimated Value: $192,000 - $220,000

2 Beds
1.5 Baths
1,065 Sq Ft
$191/Sq Ft Est. Value

Last Sold February 03, 2023

Last sale price $177,500 $167 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $1,233/month

39 Days on Market

Highlights

  • No HOA
  • Living Room
  • 2-minute walk to Wapacuta Park
  • Stainless Steel Appliances
  • Forced Air Heating and Cooling System

About This Home

As of February 2023

This move-in-ready 2 bed 2 bath home with fenced yard, deck, wrap around covered porch and UPDATES THROUGHOUT is a must see! Main floor features include vinyl plank flooring, paneled solid wood doors, half bath, formal dining room, living room with recessed lighting, large kitchen with updated finishes, crosshatch ceiling and stainless-steel appliances. The upper level will aim to please with the continuation of paneled solid wood doors, vinyl plank flooring, full bath, two spacious bedrooms and laundry nook with cabinetry. The basement with high ceilings, open space and egress window is waiting for a final plan to make this a potential three-bedroom home. Schedule a showing today to see all this home has to offer!

Last Agent to Sell the Property

Emmie Rice

Weichert, REALTORS- Heartland Listed on: 12/16/2022

Weichert, REALTORS- Heartland

Co-Listed By

Evan Knutson

Weichert, REALTORS- Heartland

Last Buyer's Agent

Andrew Hentges

eXp Realty

eXp Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,222

Year Built

  • Built in 1910

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 50x157

Parking

  • 1 Car Garage

Interior Spaces

  • 1,065 Sq Ft Home
  • 1.5-Story Property
  • Living Room
  • Basement Window Egress

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 1831375009

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,222

Year Built

Built in 1910

Lot Details

0

Parking

1

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 1
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1910
  • Above Grade Finished Sq Ft: 1065
  • Unit Levels: One and One Half
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Egress Window(s)
  • Appliances: Dishwasher, Dryer, Exhaust Fan, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
  • Living Area: 1065
  • Basement YN: No
  • Dining Room Type: Living Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2
  • SqFtTotal: 1572.00

Beds/Baths

  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2

Garage/Parking

  • Parking Features: Detached, Shared Driveway
  • Garage Square Feet: 288

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

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

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 50X157
  • Lot Size Sq Ft: 7840.8
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 1831375009
  • Tax Annual Amount: 1222
  • TaxWithAssessments: 1332.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 16, 2022
Closed on
Feb 3, 2023
Sold by
Spronk Chad
Bought by
Reiten Todd and Reiten Christine
Seller's Agent
Emmie Rice
Weichert, REALTORS- Heartland
Buyer's Agent
Andrew Hentges
eXp Realty
List Price
$189,900
Sold Price
$177,500
Premium/Discount to List
-$12,400
-6.53%
Views
144
Current Estimated Value
$203,458

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,958
Avg. Annual Appreciation
4.15%

Purchase Details

Closed on
Jun 21, 2018
Sold by
Mtglq Investors Lp
Bought by
Spronk Chad

Purchase Details

Closed on
Dec 15, 2005
Sold by
Studnicka Scott A
Bought by
Lenox Donna

Purchase Details

Closed on
Apr 23, 1999
Sold by
Erickson Robert E and Erickson Tara K
Bought by
Studnicka Scott A

Purchase Details

Closed on
May 29, 1997
Sold by
Cole Dorothy
Bought by
Erickson Robert
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Reiten Todd $177,500 --
Spronk Chad $80,000 None Available
Lenox Donna $122,000 --
Studnicka Scott A $83,474 --
Erickson Robert $75,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Spronk Chad A $20,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/03/2023 02/03/23 Sold $177,500 -6.5% $167 / Sq Ft
01/23/2023 01/23/23 Pending -- -- --
01/19/2023 01/19/23 Price Changed $189,900 0.0% $178 / Sq Ft
01/19/2023 01/19/23 For Sale $189,900 -2.6% $178 / Sq Ft
12/15/2022 12/15/22 Pending -- -- --
12/15/2022 12/15/22 For Sale $194,900 -- $183 / 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 $1,904 $182,700 $45,500 $137,200
2024 $1,904 $161,300 $42,900 $118,400
2023 $1,498 $161,300 $42,900 $118,400
2022 $1,332 $135,900 $40,400 $95,500
2021 $1,094 $117,000 $32,800 $84,200
2020 $1,296 $99,600 $31,600 $68,000
2019 $1,382 $92,600 $27,800 $64,800
2018 $1,788 $97,800 $27,800 $70,000
2017 $1,846 $92,800 $25,300 $67,500
2016 $1,650 $105,700 $25,300 $80,400
2015 $1,608 $100,600 $20,200 $80,400
2014 -- $100,600 $20,200 $80,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6314126

NorthstarMLS

APN: 18.31.3.75.009