Seller's Agent in 2025
John Clay
Associated, REALTORS
(612) 369-6523
2 in this area
153 Total Sales
718 1st St SW Faribault, MN 55021
3
Beds
2
Baths
2,160
Sq Ft
0.26
Acres
Highlights
- 1 Fireplace
- Den
- Living Room
- No HOA
- Porch
- 1-Story Property
About This Home
As of October 2025SPECIAL $100 DOWN PAYMENT PROGRAM. REHAB FUND UP TO $11,000 WITH 203B WITH ESCROW. Great potential. 3 bedroom up, 2 baths and a 2 car detached. Garage. Basement is finished, but the dens could be converted into bedrooms with added egress windows and other improvements. Investor are welcome/
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,454
Year Built
- Built in 1955
Lot Details
- 0.26 Acre Lot
- Lot Dimensions are 66x170
Parking
- 1 Car Garage
Interior Spaces
- 1-Story Property
- 1 Fireplace
- Family Room
- Living Room
- Den
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 3 Bedrooms
Outdoor Features
- Porch
Utilities
- Central Air
- Baseboard Heating
- Boiler Heating System
Community Details
- No Home Owners Association
- Dan Fblts 2Nd Add Subdivision
Listing and Financial Details
- Assessor Parcel Number 1831325012
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 27, 2025
Sold by
Midfirst Bank
Bought by
Secretary Of Housing And Urban Development
Purchase Details
Closed on
Jul 31, 2024
Sold by
Sheriff Of The County Of Rice
Bought by
Midfirst Bank
Purchase Details
Closed on
Jan 18, 2019
Sold by
Ross Brian
Bought by
Thorp Joshua
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,538
Interest Rate
5.12%
Mortgage Type
FHA
Purchase Details
Closed on
Apr 11, 2017
Sold by
Launderville Chad and Launderville Renae Boge
Bought by
Ross Brian
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,434
Interest Rate
4.23%
Mortgage Type
New Conventional
Purchase Details
Listed on
Oct 6, 2014
Closed on
Nov 24, 2014
Sold by
Guth Catherine Catherine
Bought by
Launderville Chad Chad
Seller's Agent
Lori Gustafson
Weichert, REALTORS- Heartland
Buyer's Agent
Nancy Barr
Edina Realty, Inc.
List Price
$130,000
Sold Price
$120,000
Premium/Discount to List
-$10,000
-7.69%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.84%
Original Mortgage
$96,000
Interest Rate
3.99%
Purchase Details
Closed on
Aug 1, 2000
Sold by
Barrett Howard A and Barrett Alice
Bought by
Rice County District One Hospital
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | -- | None Listed On Document | |
| Sheriffs Deed | $179,740 | -- | |
| Warranty Deed | $163,500 | Liberty Title Inc | |
| Warranty Deed | $142,000 | Attorney | |
| Deed | $120,000 | -- | |
| Warranty Deed | $120,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $160,538 | FHA | |
| Previous Owner | $143,434 | New Conventional | |
| Previous Owner | $96,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/06/2025 10/06/25 | Sold | $157,000 | -12.0% | $73 / Sq Ft | |
| 07/15/2025 07/15/25 | Price Changed | $178,500 | -15.0% | $83 / Sq Ft | |
| 05/27/2025 05/27/25 | For Sale | $210,000 | +75.0% | $97 / Sq Ft | |
| 11/24/2014 11/24/14 | Sold | $120,000 | -7.7% | $49 / Sq Ft | View Prior Sale |
| 11/06/2014 11/06/14 | Pending | -- | -- | -- | |
| 10/06/2014 10/06/14 | For Sale | $130,000 | -- | $53 / Sq Ft |
Source: NorthstarMLS
Tax History Compared to Growth
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 | $3,098 | $234,300 | $56,600 | $177,700 |
| 2024 | $2,454 | $207,300 | $53,200 | $154,100 |
| 2023 | $2,426 | $207,300 | $53,200 | $154,100 |
| 2022 | $2,230 | $197,700 | $53,200 | $144,500 |
| 2021 | $2,120 | $169,400 | $42,900 | $126,500 |
| 2020 | $2,020 | $159,800 | $41,200 | $118,600 |
| 2019 | $1,612 | $155,200 | $41,200 | $114,000 |
| 2018 | $1,382 | $142,500 | $37,800 | $104,700 |
| 2017 | $1,418 | $123,600 | $34,300 | $89,300 |
| 2016 | $1,350 | $123,000 | $34,300 | $88,700 |
| 2015 | $1,320 | $116,200 | $27,500 | $88,700 |
| 2014 | -- | $118,500 | $34,300 | $84,200 |
Source: Public Records
Agents Affiliated with this Home
-
John Clay
-
L
Seller's Agent in 2014
Lori Gustafson
Weichert, REALTORS- Heartland
-
N
Buyer's Agent in 2014
Nancy Barr
Edina Realty, Inc.
Map
Source: NorthstarMLS
MLS Number: 6723278
APN: 18.31.3.25.012
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