$120,000
SOLD NOV 24, 2014

718 1st St SW Faribault, MN 55021

3 Beds
2 Baths
2,456 Sq Ft
0.28 Acres

Recently Sold

$49 Per Sq Ft

8% Below List Price

31 Days on Market

Highlights

  • Wood Burning Stove
  • Porch
  • 1-Story Property
  • 1 Car Detached Garage
  • Bathroom on Main Level
  • Central Air

About This Home

As of November 2014

One owner home!! Spacious ranch style home features 3 BR on main level, huge family room, open kitchen, bright dining area, large 3 season porch, finished lower level, wood burning fire place, work shop, deep lot with 1.5 garage, shed, garden. NICE

Last Agent to Sell the Property

Lori Gustafson

Weichert, REALTORS- Heartland Listed on: 10/06/2014

Weichert, REALTORS- Heartland

Last Buyer's Agent

Nancy Barr

Edina Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,352

Year Built

  • Built in 1955

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 185x66

Home Design

  • Asphalt Shingled Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property
  • Wood Burning Stove
  • Free Standing Fireplace
  • Combination Kitchen and Dining Room

Kitchen

  • Range
  • Microwave
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level

Laundry

  • Dryer
  • Washer

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Parking

  • 1 Car Detached Garage
  • Garage Door Opener
  • Driveway

Outdoor Features

  • Storage Shed
  • Porch

Utilities

  • Central Air
  • Boiler Heating System
  • Heating System Uses Wood
  • Water Softener is Owned

Listing and Financial Details

  • Assessor Parcel Number 1831325012

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,352

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Type: Single Family
  • Class: SINGLE FAMILY
  • Classification: NonHomestead
  • Amenities: Garage Door Opener
  • Amenities Exterior: Driveway - Concrete, Porch
  • Estimated Number of Acres: 0.28
  • Assessment Balance: 26
  • Construction: Previously Owned
  • Foundation Size: 1360
  • Mechanicals: Water Softener-Owned
  • Parcel Number: 1831325012
  • Projected Closed Date: 11/19/2014
  • Stories: 1 Story
  • Taxes With Assessments: 1378
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room: Combine with Kitchen
  • Fireplace: Yes
  • Fireplace Type: Free Standing
  • Appliances: Dishwasher, Dryer, Freezer, Microwave, Range/Stove, Refrigerator, Washer
  • Total Bedrooms: 3
  • Bathroom Description: Full Basement, Main Floor Full Bath
  • Total Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 2
  • Room 1: Living Room, 17x15, On Level: Main
  • Room 2: Dining Room, 13x11, On Level: Main
  • Room 3: Family Room, 17x15, On Level: Lower
  • Room 4: Kitchen, 12x11, On Level: Main
  • Room 5: Bedroom, 13x11, On Level: Main
  • Room 6: Bedroom, 14x10, On Level: Main
  • Room 7: 13x10, On Level: Main
  • Room 9: Other, 12x11, On Level: Lower
  • Room 10: Other, 13x10, On Level: Lower
  • Room 11: Utility Room, 24x11, On Level: Lower
  • Room 12: 3 Season Porch, 16x16, On Level: Main
  • Room 13: Workshop, 12x12, On Level: Lower
  • Basement Features: Partially Finished
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 1360
  • Below Grade Finished Sq Ft: 1096
  • Total Fin Square Footage: 2456

Exterior Features

  • Frontage Road: City, Paved
  • Exterior: Stucco
  • Out Buildings: Storage Shed
  • Roof: Asphalt Shingles

Garage/Parking

  • Garage Type: Detached
  • Garage Capacity: 1

Utilities

  • Cooling: Central
  • Fuel: Natural Gas, Wood
  • Heat: Boiler, Wood Stove
  • Sewer: City
  • Water: City

Schools

  • School District: Faribault #656

Lot Info

  • Estimated Lot Dimensions: 185x66

Building Info

  • Year Built: 1955

Tax Info

  • Year: 2014
  • Tax Value: 1352

MLS Schools

  • School District: Faribault #656

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
Total Days on Market
31

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
7.20%
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
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
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 $15,884 VA
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 Change Sq Ft Price
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
11/06/2014 11/06/14 Pending -- -- --
10/06/2014 10/06/14 For Sale $130,000 -- $53 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

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 $3,098 $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

    Seller's Agent in 2025

    John Clay

    Associated, REALTORS

    (612) 369-6523

    155 Total Sales

    John Clay
    Section Image
  • Lori Gustafson

    Seller's Agent in 2014

    Lori Gustafson

    Weichert, REALTORS- Heartland

    (507) 323-4348

    96 Total Sales

    Section Image

  • N

    Buyer's Agent in 2014

    Nancy Barr

    Edina Realty, Inc.

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4682323

REALTOR® Association of Southern Minnesota

APN: 18.31.3.25.012

Minnesota Rice County Faribault 55021

718 1st St SW, Faribault, MN

This home is located at 718 1st St SW, Faribault, MN 55021 and is currently priced at $120,000, approximately $48 per square foot. This property was built in 1955. 718 1st St SW is a home located in Rice County with nearby schools including Jefferson Elementary School, Faribault Middle School, and Faribault Senior High School.

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