NOT LISTED FOR SALE

728 Colonial Cir Faribault, MN 55021

Estimated Value: $309,000 - $353,000

4 Beds
2 Baths
2,347 Sq Ft
$138/Sq Ft Est. Value

Last Sold December 18, 2024

Last sale price $296,900 $127 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $1,969/month

15 Days on Market

Highlights

  • Lower Floor Utility Room
  • 1-Story Property
  • Hot Water Heating System

About This Home

As of December 2024

JINGLE BELLS, JINGLE BELLS, JINGLE ALL THE WAY! Listen closely—those are the sweet sounds of rental income rolling in! The ultimate holiday gift is here—an adorable duplex that’s as cozy & magical as the season itself. Tucked at the end of a cul-de-sac, this beauty offers all the good stuff—privacy, minimal traffic, & a neighborly feel. With a gorgeous 0.422-acre lot, it’s your slice of serenity. Live in the main-level 2BR/1BA with its private composite deck, or rent both units for double the income! Either way, this smart investment starts generating cash flow from day one. If rental income & cozy living are your jam, this is the perfect match! The lower-level 2BR/1BA, with its private patio, already has a stable, long-time tenant in place. With this reliable tenant, you’re set to unwrap instant rental income from day one—talk about a holiday bonus. Each apartment has its own private entrance, in-unit laundry (no hauling laundry in the cold!), & a stall in the shared 2-car garage—perfect for snowy mornings. Plus, each unit has its own electric meter to keep billing simple & separate! Both units also have huge living rooms—plenty of space for a show-stopping Christmas tree & all your favorite things. The backyard is your peaceful hideaway, with sweeping hillside views over the south side of town. Cozy, cash-flow-ready, & ready to bring the magic—this duplex is the holiday sparkle you’ve been waiting for!

Last Agent to Sell the Property

James Barta

RE/MAX Experts Listed on: 11/06/2024

RE/MAX Experts

Co-Listed By

Patricia Barta

RE/MAX Experts

Last Buyer's Agent

Rose Watschke

WGRB Properties LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,534

Year Built

  • Built in 1983

Lot Details

  • Chain Link Fence
  • Few Trees

Parking

  • 2 Car Garage

Interior Spaces

  • 1-Story Property
  • Lower Floor Utility Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry on main level
  • Washer and Electric Dryer Hookup

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Block Basement Construction
  • Basement Window Egress

Utilities

  • Hot Water Heating System
  • Boiler Heating System
  • 100 Amp Service

Community Details

  • 2 Units
  • Colonial Heights Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1836452015

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,534

Year Built

Built in 1983

Lot Details

0.42 Acres

Parking

2

Listing Details

  • Type: Residential Income
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1983
  • Above Grade Finished Sq Ft: 1212
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Egress Window(s), Finished, Full, Owner Access, Single Tenant Access, Walkout
  • Living Area: 2347
  • Below Grade Finished Sq Ft: 1135
  • Basement YN: Yes
  • Amenities: Deck
  • Appliances: Dishwasher, Exhaust Fan/Hood, Water Heater - Gas, Range, Refrigerator, Stainless Steel Appliances, Water Softener - Owned
  • Amenities: Patio
  • Appliances: Disposal, Range, Refrigerator

Beds/Baths

  • Total Bedrooms: 4

Exterior Features

  • Fencing: Chain Link

Utilities

  • Heating: Boiler, Hot Water
  • Sewer: City Sewer/Connected
  • LaundryFeatures: Electric Dryer Hookup, Lower Level, Main Level, In Unit, Washer Hookup
  • Electric: Circuit Breakers, 100 Amp Service
  • Fuel: Natural Gas

Schools

  • Junior High Dist: Faribault
  • SchoolDistrictPhone: 5073336016

Lot Info

  • Lot Size: 18,396 SF
  • Land Lease: No
  • Lot Features: Tree Coverage - Medium
  • Additional Parcels: No
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Units Total: 2

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 1836452015
  • Tax Annual Amount: 3534
  • TaxWithAssessments: 3574

Multi Family

  • ElectricExpense: 1
  • FuelExpense: 1
  • Resident Manager Expense: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2024
Closed on
Dec 18, 2024
Sold by
Carol M Quail Revocable Trust and Quail Carol M
Bought by
Faribault Properties Llc
Seller's Agent
James Barta
RE/MAX Experts
Buyer's Agent
Rose Watschke
WGRB Properties LLC
List Price
$299,900
Sold Price
$296,900
Premium/Discount to List
-$3,000
-1%
Views
21
Current Estimated Value
$323,413

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,513
Avg. Annual Appreciation
7.20%
Original Mortgage
$237,500
Outstanding Balance
$206,786
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$116,627
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
Faribault Properties Llc $296,900 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Faribault Properties Llc $237,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/18/2024 12/18/24 Sold $296,900 -1.0% $127 / Sq Ft
11/23/2024 11/23/24 Pending -- -- --
11/07/2024 11/07/24 For Sale $299,900 -- $128 / Sq Ft
Source: NorthstarMLS

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 $3,434 $311,300 $78,900 $232,400
2024 $3,434 $311,300 $69,300 $242,000
2023 $3,494 $311,300 $69,300 $242,000
2022 $3,054 $295,200 $70,200 $225,000
2021 $2,908 $245,800 $55,200 $190,600
2020 $2,700 $234,200 $52,700 $181,500
2019 $2,422 $223,000 $53,600 $169,400
2018 $2,246 $200,500 $52,100 $148,400
2017 $2,278 $183,900 $52,100 $131,800
2016 $2,304 $180,900 $52,100 $128,800
2015 $2,216 $179,200 $52,100 $127,100
2014 -- $180,800 $52,100 $128,700
Source: Public Records

Agents Affiliated with this Home

  • James Barta

    Seller's Agent in 2024

    James Barta

    RE/MAX

    (507) 332-2282

    49 in this area

    100 Total Sales

    James Barta
    Section Image
  • Patricia Barta

    Seller Co-Listing Agent in 2024

    Patricia Barta

    RE/MAX

    (612) 404-0075

    48 in this area

    97 Total Sales

    Patricia Barta
    Section Image
  • Rose Watschke

    Buyer's Agent in 2024

    Rose Watschke

    WGRB Properties LLC

    (612) 247-1854

    2 in this area

    5 Total Sales

    Rose Watschke
    Section Image
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Map

Source: NorthstarMLS

MLS Number: 6627184

NorthstarMLS

APN: 18.36.4.52.015

Minnesota Rice County Faribault 55021

728 Colonial Cir, Faribault, MN

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

NorthstarMLS Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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