8855 Shields Lake Path Faribault, MN 55021
3
Beds
2
Baths
2,398
Sq Ft
1.32
Acres
Highlights
- 324 Feet of Waterfront
- No HOA
- 6 Car Attached Garage
- Deck
- The kitchen features windows
- Living Room
About This Home
As of December 2024Welcome 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
Coldwell Banker Realty Brokerage Phone: 612-414-7100 Listed on: 07/01/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,456
Year Built
- Built in 1975
Lot Details
- 1.32 Acre Lot
- 324 Feet of Waterfront
- Lake Front
Parking
- 6 Car Attached Garage
Interior Spaces
- 1-Story Property
- Family Room with Fireplace
- Living Room
- Finished Basement
- Basement Fills Entire Space Under The House
Kitchen
- Range
- Microwave
- Dishwasher
- The kitchen features windows
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Outdoor Features
- Deck
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
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
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
Similar Homes in Faribault, MN
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 |
|---|---|---|---|
| Warranty Deed | $690,000 | Burnet Title | |
| Warranty Deed | $690,000 | Burnet Title | |
| Deed | -- | None Listed On Document |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $417,950 | New Conventional | |
| Previous Owner | $35,000 | Credit Line Revolving |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 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 | $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
-
Patti Iverson
Seller's Agent in 2024
Patti Iverson
Coldwell Banker Burnet
(612) 414-7100
336 Total Sales
-
Elrie Iverson
E
Seller Co-Listing Agent in 2024
Elrie Iverson
Coldwell Banker Burnet
(612) 840-5444
183 Total Sales
-
Tim Dougherty
T
Buyer's Agent in 2024
Tim Dougherty
Coldwell Banker Burnet
(651) 463-3530
13 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6538604
APN: 09.02.3.26.019
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