NOT LISTED FOR SALE

5161 Dudley Lake Path Faribault, MN 55021

Estimated Value: $551,000 - $578,678

2 Beds
3 Baths
2,200 Sq Ft
$255/Sq Ft Est. Value

Last Sold July 28, 2023

Last sale price $685,000 $311 Per Sq Ft

Est. 18% decrease in value since last sale

Current estimated payment $3,250/month

57 Days on Market

Highlights

  • 146 Feet of Waterfront
  • No HOA
  • 1-Story Property
  • Fireplace in Primary Bedroom
  • 2 Car Attached Garage
  • Forced Air Heating and Cooling System

About This Home

As of July 2023

Stunning lake home on Kelly/Dudley Lake! Oh how we wish we had before pictures! This home was taken down to the studs and brought back to life with amazing finishes such as custom cabinetry, granite counter-tops, hardwood floors, two stone fireplaces, custom stone work in main level bath, cement boarding and so much more. There is a 1/2 acre across the road that also comes with this property. Its a dream come true!

Last Agent to Sell the Property

Tracy Steinberg

ERA Gillespie Real Estate Listed on: 04/14/2023

Last Buyer's Agent

Melissa McIntyre

LaBelle Real Estate Group Inc

LaBelle Real Estate Group Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,626

Year Built

  • Built in 1998

Lot Details

  • 1.21 Acre Lot
  • Lot Dimensions are 146x217x146x181
  • 146 Feet of Waterfront
  • Lake Front

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Interior Spaces

  • 1-Story Property
  • Wood Burning Fireplace
  • Gas Fireplace
  • Family Room
  • Living Room with Fireplace
  • 2 Fireplaces
  • Combination Kitchen and Dining Room

Kitchen

  • Built-In Oven
  • Range
  • Microwave
  • Dishwasher
  • Trash Compactor

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Fireplace in Primary Bedroom
  • En-Suite Bathroom
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Block Basement Construction
  • Natural lighting in basement

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Private Water Source
  • Well
  • Water Softener is Owned

Community Details

  • No Home Owners Association
  • Clancy Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1008177006

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,626

Year Built

Built in 1998

Lot Details

0

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: None
  • Fireplaces: 2
  • Water Source: Private, Well
  • Year Built: 1998
  • Above Grade Finished Sq Ft: 1200
  • Water Body Name: Kelly & Dudley
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Block, Daylight/Lookout Windows, Finished, Full, Sump Pump, Walkout
  • Appliances: Dishwasher, Dryer, Exhaust Fan, Microwave, Range, Refrigerator, Trash Compactor, Wall Oven, Washer, Water Softener Owned
  • Fireplace Features: Gas, Living Room, Primary Bedroom, Wood Burning
  • Living Area: 2200
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 1000
  • Basement YN: Yes
  • Dining Room Type: Living Room, Kitchen, Bedroom 1, Primary Bathroom, Bathroom, Family Room, Bedroom 2

Beds/Baths

  • Full Bathrooms: 3
  • Total Bedrooms: 2

Exterior Features

  • Roof: Asphalt
  • View: Lake
  • Other Structures: Storage Shed
  • PatioPorchType: Deck,Patio,Porch
  • LakeChain: N
  • Elevation Highpoint to Waterfront Feet: 10-15
  • Waterfront Frontage: 146

Garage/Parking

  • Parking Features: Attached Garage, Asphalt, Concrete, Garage Door Opener

Utilities

  • Heating: Forced Air
  • Sewer: Private Sewer
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Balcony,Ceiling Fan(s),Deck,Dock,Hardwood Floors,Kitchen Center Island,Primary Bedroom Walk-In Closet,Main Floor Primary Bedroom,Natural Woodwork,Patio,Paneled Doors,Porch,Panoramic View,Satelite Dish,Skylight,Tile Floors,Vaulted Ceiling(s),Washer/Dryer Hookup,Walk-In Closet

Schools

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

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: 146x217x146x181
  • Lot Size Sq Ft: 52707.6
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Fiber Cement

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 1008177006
  • Tax Annual Amount: 2626
  • TaxWithAssessments: 2626.0000

Multi Family

  • WaterfrontFeatures: Lake Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2023
Closed on
Jul 28, 2023
Sold by
Petersen William and Petersen Amanda
Bought by
Groebner James and Groebner Carla
Seller's Agent
Tracy Steinberg
ERA Gillespie Real Estate
Buyer's Agent
Melissa McIntyre
LaBelle Real Estate Group Inc
List Price
$699,900
Sold Price
$685,000
Premium/Discount to List
-$14,900
-2.13%
Views
136
Current Estimated Value
$561,893

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$123,107
Avg. Annual Appreciation
-7.80%
Original Mortgage
$50,000
Outstanding Balance
$48,835
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$513,058

Purchase Details

Closed on
Jul 29, 2022
Sold by
Burgess Nancy
Bought by
Petersen William and Petersen Amanda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$708,580
Interest Rate
5.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 27, 2022
Sold by
Burgess Nancy B
Bought by
Petersen Amanda and Petersen William C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$708,580
Interest Rate
5.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 20, 2020
Sold by
Karg Julie R
Bought by
Burgess Nancy R

Purchase Details

Closed on
May 29, 2003
Sold by
Anderson Leroy L
Bought by
David Ricky L and David Laurie L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Groebner James $685,000 --
Petersen William $710,000 --
Petersen Amanda $710,000 Trademark Title
Burgess Nancy R $4,500 None Available
David Ricky L $230,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Groebner James $50,000
Previous Owner Petersen William $708,580
Previous Owner Petersen Amanda $568,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/28/2023 07/28/23 Sold $685,000 -2.1% $311 / Sq Ft
06/13/2023 06/13/23 Pending -- -- --
04/17/2023 04/17/23 For Sale $699,900 +136.5% $318 / Sq Ft
08/15/2014 08/15/14 Sold $296,000 -8.9% $166 / Sq Ft View Prior Sale
07/18/2014 07/18/14 Pending -- -- --
05/08/2014 05/08/14 For Sale $325,000 -- $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 $3,748 $517,100 $129,400 $387,700
2024 $3,748 $465,700 $116,800 $348,900
2023 $2,964 $465,700 $116,800 $348,900
2022 $2,626 $380,800 $104,200 $276,600
2021 $2,184 $318,100 $83,800 $234,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6354998

NorthstarMLS

APN: 10.08.1.77.006