7 months on rocket

Sale Pending

1014 Reed Ave, Faribault, MN, 55021

$429,000

Home List Price

$5,094*

Closing Credit

5 Bedrooms
2 Full Baths
2,818 SqFt
$152/SqFt
House
Schools Nearby

Location

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1014 Reed Ave, Faribault$429,000

Buyer Closing Credits

$5,094*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached Garage, Concrete, Garage Door Opener, Insulated Garage
Attached Garage3 spaces
Year Built2003
HeatingForced Air
CoolingCentral Air
BasementYes
FireplaceGas, Living Room
MLS #6431670
StatusSale Pending
(Pending)

About 1014 Reed Ave

Opportunity here! Well cared for 5 bedroom, 3 bath walkout! Quiet neighborhood backs up to the Nature Center. Hardwood flooring, spacious LL family room, private primary suite, walk-in closet. Maintenance free deck on the main level. Large patio at walkout with steel siding. Beautiful landscaping with sprinkler system. Wildlife and wooded views from the south exposure. Woods cover a good portion of the back yard ready for you to explore. New roof in 2023.

Property Details

Property Features

Property Information:

  • Year Built: 2003
  • Living Area: 2,818 SqFt

Listing Office:

  • Office Name: Edina Realty, Inc.

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Gas Water Heater, Microwave, Range, Refrigerator, Washer, Water Softener
  • Basement: Yes
  • Fireplace: Gas, Living Room

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 5

Exterior Features

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: Yes
  • Parking: Attached Garage, Concrete, Garage Door Opener, Insulated Garage

Lot Features

Lot Information:

  • Lot: Many Trees

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Faribault Senior High School, Public District Grades 9-12
  • Faribault Middle School, Public District Grades 6-8
  • Roosevelt Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: South on Willow St. , east at Reed Ave to property.

Price Information

Listing Price Info

Price Summary:

  • List Price: $429,000
  • Price Per SqFt: $152/SqFt

Tax Information:

  • Annual Amount: $3,538
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Faribault, MN.

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Faribault, MN

City

Med. Sold Price

$279.4K

Med. Price/SqFt

$150

Avg. Days On Market

22

# of Sold Homes

16

1014 Reed Ave vs Faribault

229 DAYS ON ROCKET

+207 Days

$429,000

+$149.5K More

$152/SqFt

+$1 More

KEY TAKEAWAY

This property is $149.5K more than the Median Sold Price and $1/SqFt more than other homes in Faribault, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6431670

Listing Office:

  • Office Name: Edina Realty, Inc.

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Last updated on: 4/28/2024, 9:22:15 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$3,538$287,700
2019$3,498$269,200
2018$3,448$261,500
2017$3,508$259,100

History based on county public records data.

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$2,209

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,353

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2076273
4
/10

  • Roosevelt Elementary School

  • 925 Parshall St

  • 1.65 miles

  • Public District Grades KG-5

Middle School

school-card-donut-2076274
2
/10

  • Faribault Middle School

  • 704 17th St SW

  • 0.70 miles

  • Public District Grades 6-8

High School

school-card-donut-2076275
3
/10

  • Faribault Senior High School

  • 330 9th Ave SW

  • 0.79 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $65,083. Residents of Faribault, MN typically earn between $35k-100k each year. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1014 Reed Ave

What is the listing price of this property?

The listing price of 1014 Reed Ave property is $429,000.

What type of property is this?

The property 1014 Reed Ave is a house located in Faribault, Minnesota, 55021.

Is this property for sale now?

Sale Pending: 1014 Reed Ave is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

What are the assigned schools for this property?

The assigned schools for 1014 Reed Ave are:
Roosevelt Elementary School: GreatSchools Rating 4/10
Faribault Middle School: GreatSchools Rating 2/10
Faribault Senior High School: GreatSchools Rating 3/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $3,538 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1014 Reed Ave has 5 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 1014 Reed Ave is 2,818 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1014 Reed Ave is 2003.

Rocket Homes›Minnesota›Rice County›Faribault›55021›1014 Reed Ave

This home is located at 1014 Reed Ave in Faribault, MN and zip code 55021. This 2,818 square foot home was built in 2003. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since September 11, 2023 and is currently priced at $429,000.

In March 2024 more than 5 listings in Faribault, MN were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 8 were sold below. Between February 2024 and March 2024, Faribault, MN real estate market has seen increase in the number of listings by 9.6%. Listings spent 22 days on the market in March 2024, and had a median list price of $279,450 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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