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510 4th Ave SW, Faribault, MN, 55021

$425,000

Home List Price

$5,047*

Closing Credit

6 Bedrooms
2 Full Baths, 1 Partial
3,907 SqFt
$109/SqFt
House
Schools Nearby

Location

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510 4th Ave SW, Faribault$425,000

Buyer Closing Credits

$5,047*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDetached
Garage2 spaces
Year Built1918
HeatingSteam, Hot Water, Radiant Floor
CoolingWindow Unit(s)
BasementYes
FireplaceLiving Room, Wood Burning
MLS #6509095
StatusActive

About 510 4th Ave SW

Welcome to a grand Colonial Revival home built in 1918 by Herbert P. Leach, known for his Faribault family lumber business in the late 1800s. Perfectly situated on a large corner lot, you will immediately fall in love with the abundent natural light that radiates through the home as the day progresses. Original features include staircase, woodwork, hardwood floors, built-in buffet and bookcases, glass pocket doors. Home owners have compeleted over $100k of improvements over the last few years including new kitchen, bathrooms, roof, and more! The full basement has four heated rooms that can be finished for more square footage, features woodshop, laundry room, sauna, cold cellar, and roughed-in bathroom.

Property Details

Property Features

Property Information:

  • Year Built: 1918
  • Living Area: 3,907 SqFt

Listing Office:

  • Office Name: Kirby Fine Homes

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Exhaust Fan, Range, Refrigerator, Washer, Water Softener
  • Basement: Yes
  • Fireplace: Living Room, Wood Burning

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 6

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Detached

Lot Features

Lot Information:

  • Lot: Corner Lot

Utilities

Utilities Information:

  • Heating: Steam, Hot Water, Radiant Floor
  • Cooling: Window Unit(s)

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: Division St W, to South on 4th Ave SW

Price Information

Listing Price Info

Price Summary:

  • List Price: $425,000
  • Price Per SqFt: $109/SqFt

Tax Information:

  • Annual Amount: $3,468
  • 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

510 4th Ave SW vs Faribault

33 DAYS ON ROCKET

+11 Days

$425,000

+$145.5K More

$109/SqFt

-$42 Less

KEY TAKEAWAY

This property is $145.5K more than the Median Sold Price and $42/SqFt less than other homes in Faribault, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6509095

Listing Office:

  • Office Name: Kirby Fine Homes

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Last updated on: 4/27/2024, 10:22:17 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 29, 2018Home Sold
$210,000
May 13, 2004Home Sold
$440,000

Tax History

YEARPROP. TAXASSESSMENT
2021$3,468$306,800
2019$3,168$243,000
2018$3,240$245,200
2017$3,152$232,000

History based on county public records data.

Payment Calculator

$2,189

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,341

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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-1652711
4
/10

  • Roosevelt Elementary School

  • 925 Parshall St

  • 1.45 miles

  • Public District Grades KG-5

Middle School

school-card-donut-1652712
2
/10

  • Faribault Middle School

  • 704 17th St SW

  • 1.03 miles

  • Public District Grades 6-8

High School

school-card-donut-1652713
3
/10

  • Faribault Senior High School

  • 330 9th Ave SW

  • 0.50 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 $62,778. Residents of Faribault, MN typically earn between $35k-100k each year. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 510 4th Ave SW

What is the listing price of this property?

The listing price of 510 4th Ave SW property is $425,000.

What type of property is this?

The property 510 4th Ave SW is a house located in Faribault, Minnesota, 55021.

Is this property for sale now?

Active Listing: 510 4th Ave SW is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 510 4th Ave SW 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 $3,468 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on January 29, 2018 for $210,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 510 4th Ave SW has 6 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 510 4th Ave SW is 3,907 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 510 4th Ave SW is 1918.

Rocket Homes›Minnesota›Rice County›Faribault›55021›510 4th Ave SW

This home is located at 510 4th Ave SW in Faribault, MN and zip code 55021. This 3,907 square foot home was built in 1918. Features: 6 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since March 26, 2024 and is currently priced at $425,000.

Over 5 listings were sold over their listed price in March 2024 in Faribault, MN. In the same period over 8 listings were sold below the listed price and 3 listings were sold for the listed price. Between February 2024 and March 2024, Faribault, MN real estate market has seen increase in the number of listings by 9.6%. In March 2024 median list price was $279,450 and the average listing age was 22 days.

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

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