$350,000
SOLD OCT 24, 2024

6491 Farwell Path Faribault, MN 55021

1 Bed
0.5 Bath
384 Sq Ft
3 Acres

Recently Sold

$911 Per Sq Ft

72% Below List Price

235 Days on Market

Highlights

  • 660 Feet of Waterfront
  • Lake View
  • 1-Story Property
  • Beach Access
  • No HOA
  • Baseboard Heating

About This Home

As of October 2024

"Sprawling 27 -acre lakeside paradise on French Lake boasts 600+ ft of prime Lakeshore, a charming seasonal log cabin, and a haven for outdoor enthusiasts. Explore your private wooded retreat with the trail system perfect for hunting deer, turkey, pheasant, and more. Enjoy serene fishing experiences on your doorstep. Your ultimate getaway awaits!"

Last Agent to Sell the Property

Michelle Gwin

Berkshire Hathaway Advantage Real Estate Listed on: 10/06/2023

Berkshire Hathaway Advantage Real Estate

Co-Listed By

Darcy Ihrke

Berkshire Hathaway Advantage Real Estate

Last Buyer's Agent

Laura Paukert

The Realty House

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,268

Year Built

  • Built in 1979

Lot Details

  • 3 Acre Lot
  • Lot Dimensions are 313x417.5
  • 660 Feet of Waterfront
  • Lake Front
  • Irregular Lot

Home Design

  • Log Siding

Interior Spaces

  • 384 Sq Ft Home
  • 1-Story Property
  • Lake Views

Bedrooms and Bathrooms

  • 1 Bedroom
  • 0.5 Bathroom

Outdoor Features

  • Beach Access

Utilities

  • Baseboard Heating
  • 200+ Amp Service
  • Well

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 1018425003

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,268

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: None
  • Accessibility Features: None
  • Water Source: Well
  • Year Built: 1979
  • Above Grade Finished Sq Ft: 384
  • Water Body Name: French
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: None
  • Appliances: Refrigerator
  • Living Area: 384
  • Fireplace: No
  • Basement YN: No

Beds/Baths

  • Half Bathrooms: 1
  • Total Bedrooms: 1

Exterior Features

  • Roof: Asphalt
  • View: Bay, Lake, Panoramic
  • Other Structures: Boat House, Pole Building, Storage Shed
  • ConstructionMaterialsDesc: Block
  • Lake Acres: 875
  • Lake Bottom: Gravel,Sand
  • LakeChain: N
  • Waterfront Frontage: 660

Garage/Parking

  • Parking Features: Gravel

Utilities

  • Heating: Baseboard
  • Sewer: Private Sewer
  • Electric: 200+ Amp Service
  • Fuel: Electric
  • Power Company: Steele-Waseca Co-op Electric

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Deck,Patio

Schools

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

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: 313x417.5
  • Lot Size Sq Ft: 130680
  • Land Lease: No
  • Lot Features: Accessible Shoreline, Irregular Lot
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Yes
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Log

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 1018425003
  • Tax Annual Amount: 3268
  • TaxWithAssessments: 3278.0000

Multi Family

  • WaterfrontFeatures: Lake Front, Lake View

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 28, 2025
Sold by
French Laker Llc
Bought by
French Lakers Llc
Total Days on Market
235
Current Estimated Value
$367,416

Purchase Details

Closed on
Dec 27, 2024
Sold by
Paukert Properties Llc
Bought by
French Laker Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,250
Interest Rate
6.09%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 6, 2023
Closed on
Nov 4, 2024
Sold by
Meyer Peter A and Meyer Lori
Bought by
Paukert Properties Llc
Seller's Agent
Michelle Gwin
Berkshire Hathaway Advantage Real Estate
Buyer's Agent
Laura Paukert
The Realty House
List Price
$1,250,000
Sold Price
$350,000
Premium/Discount to List
-$900,000
-72%
Views
89

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.85%
Original Mortgage
$266,250
Interest Rate
6.09%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 6, 2023
Closed on
Oct 24, 2024
Sold by
Meyer Peter and Meyer Lori
Bought by
Paukert Properties Llc
Seller's Agent
Michelle Gwin
Berkshire Hathaway Advantage Real Estate
Buyer's Agent
Laura Paukert
The Realty House
List Price
$1,250,000
Sold Price
$350,000
Premium/Discount to List
-$900,000
-72%
Views
89

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,250
Interest Rate
6.09%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed $500 None Listed On Document
Quit Claim Deed $500 Legacy Title
Quit Claim Deed $500 Legacy Title
Warranty Deed $350,000 None Listed On Document
Deed $350,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $266,250 New Conventional
Previous Owner $266,250 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/24/2024 10/24/24 Sold $350,000 -72.0% $911 / Sq Ft
05/28/2024 05/28/24 Pending -- -- --
04/09/2024 04/09/24 For Sale $1,250,000 +257.1% $3,255 / Sq Ft
11/21/2023 11/21/23 Off Market $350,000 -- --
10/06/2023 10/06/23 For Sale $1,250,000 -- $3,255 / 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 $2,126 $335,300 $246,000 $89,300
2024 $2,126 $327,600 $234,700 $92,900
2023 $2,336 $327,600 $234,700 $92,900
2022 $2,356 $345,800 $270,200 $75,600
2021 $2,384 $307,100 $250,800 $56,300
2020 $1,826 $304,000 $250,800 $53,200
2019 $1,902 $246,500 $196,800 $49,700
2018 $1,926 $241,200 $196,800 $44,400
2017 $2,042 $238,700 $196,800 $41,900
2016 $2,050 $236,100 $196,800 $39,300
2015 $1,996 $236,500 $196,800 $39,700
2014 -- $236,500 $196,800 $39,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6443558

NorthstarMLS

APN: 10.18.4.25.003