NOT LISTED FOR SALE

8855 Shields Lake Path Faribault, MN 55021

Estimated Value: $699,653 - $723,000

3 Beds
2 Baths
2,398 Sq Ft
$298/Sq Ft Est. Value

Last Sold December 27, 2024

Last sale price $690,000 $288 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $4,191/month

168 Days on Market

Highlights

  • 324 Feet of Waterfront
  • No HOA
  • 6 Car Attached Garage
  • Deck
  • The kitchen features windows
  • Patio

About This Home

As of December 2024

Welcome to your new lake oasis! Make your lakeshore dream come true. This charming property provides an ideal lakeside retreat, perfect for those craving waterfront living. A captivating lake home nestled on iconic Shields Lake with exceptional lake views and 324 feet of pristine lake frontage! Perfect for gatherings and creating lasting memories! The calm waters are home to wildlife, enjoy the vistas from most rooms of the home. Relax on the spacious deck or unwind in the oversized great room warmed by a toasty fireplace. Whether you are looking for a permanent residence or a vacation escape, this amazing property offers a unique opportunity to immerse yourself in lakeside living. Two stall garage with spancrete space below for lakeside toys and workshop, plus Morton 30x48 building, separate 10x15 shed. Terrific opportunity to make this ideal home your own with cosmetic updates. Prime location less than a mile away from hundreds of acres of prime public hunting land.

Last Agent to Sell the Property

Patti Iverson

Coldwell Banker Realty Brokerage Phone: 6124147100 Listed on: 07/01/2024

Coldwell Banker Realty

Co-Listed By

Elrie Iverson

Coldwell Banker Realty Brokerage Phone: 6124147100

Last Buyer's Agent

Tim Dougherty

Coldwell Banker Realty

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,456

Year Built

  • Built in 1975

Lot Details

  • 324 Feet of Waterfront
  • Lake Front
  • Few Trees

Parking

  • 6 Car Attached Garage

Interior Spaces

  • 1-Story Property
  • Family Room with Fireplace
  • Dining Room
  • Open Floorplan

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • The kitchen features windows

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Outdoor Features

  • Deck
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Well

Community Details

  • No Home Owners Association
  • Corls 2Nd Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0902326019

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,456

Year Built

Built in 1975

Lot Details

0

Parking

6

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 6
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: Well
  • Year Built: 1975
  • Above Grade Finished Sq Ft: 1728
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Attribution Contact: 6124147100
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Finished, Full
  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Fireplace Features: Family Room
  • Living Area: 2398
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 670
  • Basement YN: Yes

Beds/Baths

  • Full Bathrooms: 2
  • Total Bedrooms: 3

Exterior Features

  • Roof: Asphalt
  • Other Structures: Pole Building, Storage Shed
  • PatioPorchType: Deck, Patio
  • Waterfront Frontage: 324

Garage/Parking

  • Parking Features: Attached Garage

Utilities

  • Heating: Forced Air
  • Sewer: Private Sewer
  • LaundryFeatures: In Basement, Laundry Room
  • Electric: Circuit Breakers
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Deck, Dock, Kitchen Window, Primary Bedroom Walk-In Closet, Main Floor Primary Bedroom, Patio, Washer/Dryer Hookup

Schools

  • Junior High Dist: Faribault
  • SchoolDistrictPhone: 5073336016

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: irreg
  • Land Lease: No
  • Lot Features: Tree Coverage - Medium
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 0902326019
  • Tax Annual Amount: 4456
  • TaxWithAssessments: 4496

Multi Family

  • WaterfrontFeatures: Lake Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 25, 2024
Sold by
Dillon William R and Dillon Jamie
Bought by
Speckan Eric F and Speckan Sheri A
Current Estimated Value
$715,663

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,950
Interest Rate
6.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 30, 2023
Sold by
Dillon Thomas D
Bought by
Dillon Thomas D and Dillon David D
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Speckan Eric F $690,000 Burnet Title
Speckan Eric F $690,000 Burnet Title
Dillon Thomas D -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Speckan Eric F $417,950
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/27/2024 12/27/24 Sold $690,000 -1.4% $288 / Sq Ft
12/23/2024 12/23/24 Pending -- -- --
11/10/2024 11/10/24 Price Changed $699,900 -2.1% $292 / Sq Ft
10/28/2024 10/28/24 For Sale $715,000 0.0% $298 / Sq Ft
09/09/2024 09/09/24 Pending -- -- --
07/08/2024 07/08/24 For Sale $715,000 -- $298 / 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 $4,718 $626,400 $170,400 $456,000
2024 $4,718 $567,500 $159,500 $408,000
2023 $4,098 $567,500 $159,500 $408,000
2022 $3,706 $501,400 $148,600 $352,800
2021 $3,586 $423,400 $140,300 $283,100
2020 $2,890 $406,600 $140,300 $266,300
2019 $2,752 $340,500 $120,800 $219,700
2018 $2,660 $326,300 $120,800 $205,500
2017 $2,864 $309,900 $120,800 $189,100
2016 $2,740 $310,500 $120,800 $189,700
2015 $2,384 $291,500 $120,800 $170,700
2014 -- $265,600 $120,800 $144,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6538604

NorthstarMLS

APN: 09.02.3.26.019