NOT LISTED FOR SALE

721 1st Ave NW Faribault, MN 55021

Estimated Value: $216,515 - $265,000

3 Beds
1 Bath
1,280 Sq Ft
$182/Sq Ft Est. Value

Last Sold January 16, 2014

Last sale price $59,000 $46 Per Sq Ft

Est. 287% increase in value since last sale

Current estimated payment $1,367/month

82 Days on Market

Highlights

  • 1 Car Detached Garage
  • Eat-In Kitchen
  • Bathroom on Main Level
  • Porch
  • Landscaped with Trees
  • Combination Kitchen and Dining Room

About This Home

As of January 2014

OPPORTUNITY FOR SOMEONE...WITH A LITTLE PAINT & FLOOR COVERINGS YOU COULD CHANGE THE LOOK OF THIS AFFORDABLE HOUSE INTO YOUR HOME. ALL LIVING FACILITIES ON MAIN LEVEL.

Last Agent to Sell the Property

Ricky Koss

Edina Realty, Inc. Listed on: 08/22/2013

Last Buyer's Agent

Stephen MacDonald

Vintage Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $720

Year Built

  • Built in 1900

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 66x165
  • Landscaped with Trees

Home Design

  • Asphalt Shingled Roof
  • Metal Siding
  • Cement Board or Planked

Interior Spaces

  • 1,280 Sq Ft Home
  • Ceiling Fan
  • Combination Kitchen and Dining Room
  • Unfinished Basement
  • Partial Basement
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level
  • 1 Full Bathroom

Parking

  • 1 Car Detached Garage
  • Gravel Driveway

Outdoor Features

  • Storage Shed
  • Porch

Utilities

  • Window Unit Cooling System

Listing and Financial Details

  • Assessor Parcel Number 1830451058

Home Details

Home Type

Single Family

Est. Annual Taxes

$720

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Type: Single Family
  • Class: SINGLE FAMILY
  • Classification: Homestead
  • Amenities: Ceiling Fans, Washer/Dryer Hookups
  • Amenities Exterior: Driveway - Gravel, Porch
  • Estimated Number of Acres: 0.25
  • Construction: Previously Owned
  • Foundation Size: 780
  • Parcel Number: 1830451058
  • Stories: 1.25 - 1.75 Story
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room: Combine with Kitchen, Eat-In Kitchen
  • Appliances: Range/Stove, Refrigerator
  • Total Bedrooms: 3
  • Bathroom Description: Main Floor Full Bath
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Room 1: Living Room, 19x15, On Level: Main
  • Room 4: Kitchen, 15x9, On Level: Main
  • Room 5: Bedroom, 13x10, On Level: Main
  • Room 6: Bedroom, 12x8, On Level: Upper
  • Room 7: 12x8, On Level: Upper
  • Room 9: Foyer, 7x3, On Level: Main
  • Room 10: Laundry Room, 14x11, On Level: Main
  • Basement Features: Unfinished
  • Basement Style: Partial
  • Finished Above Grade Sq Ft: 1280
  • Total Fin Square Footage: 1280

Exterior Features

  • Frontage Road: Curb/Gutters, City, Paved, Sidewalk
  • Exterior: Cement Board, Metal
  • Out Buildings: Storage Shed
  • Roof: Asphalt Shingles

Garage/Parking

  • Garage Type: Detached
  • Garage Capacity: 1

Utilities

  • Cooling: Window
  • Fuel: Natural Gas
  • Sewer: City
  • Water: City

Lot Info

  • Estimated Lot Dimensions: 66x165
  • Lot/Land Description: Tree Coverage - Medium

Building Info

  • Year Built: 1900

Tax Info

  • Year: 2013
  • Tax Value: 720

MLS Schools

  • School District: Faribault #656

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 29, 2018
Sold by
Wolff Mitchell S and Wolff Nichole M
Bought by
Knott Tyler
Current Estimated Value
$228,138

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,731
Outstanding Balance
$136,131
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$96,498

Purchase Details

Closed on
May 18, 2017
Sold by
Stearns Lending Llc
Bought by
Wolff Mitchell S and Wolff Nichole M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 25, 2016
Sold by
Constantine Clayton R
Bought by
Stearns Lending Llc

Purchase Details

Listed on
Aug 22, 2013
Closed on
Jan 16, 2014
Sold by
Breyer Leo
Bought by
Constantine Clayton R
Seller's Agent
Ricky Koss
Edina Realty, Inc.
Buyer's Agent
Stephen MacDonald
Vintage Realty, LLC
List Price
$69,000
Sold Price
$59,000
Premium/Discount to List
-$10,000
-14.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.22%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Knott Tyler $160,548 None Available
Wolff Mitchell S $45,000 Rice County Abstract & Title
Stearns Lending Llc $44,000 Attorney
Constantine Clayton R $59,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Knott Tyler $156,731
Previous Owner Wolff Mitchell S $36,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/16/2014 01/16/14 Sold $59,000 -14.5% $46 / Sq Ft
11/12/2013 11/12/13 Pending -- -- --
08/22/2013 08/22/13 For Sale $69,000 -- $54 / 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 $2,020 $196,300 $58,300 $138,000
2024 $2,020 $172,500 $44,600 $127,900
2023 $1,730 $172,500 $44,600 $127,900
2022 $1,584 $159,000 $42,900 $116,100
2021 $1,532 $140,100 $36,000 $104,100
2020 $1,396 $136,100 $36,000 $100,100
2019 $730 $128,000 $34,300 $93,700
2018 $772 $79,300 $30,900 $48,400
2017 $1,004 $76,900 $30,900 $46,000
2016 $1,006 $70,100 $27,500 $42,600
2015 $856 $68,700 $27,500 $41,200
2014 -- $73,600 $34,300 $39,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4526194

REALTOR® Association of Southern Minnesota

APN: 18.30.4.51.058