1026 Reed Ave is a 2,101 square foot house on a 0.56 acre lot with 3 bedrooms and 3.5 bathrooms. Based on Redfin's Faribault data, we estimate the home's value is $492,096.
Single-familyProperty Type
2002Year Built
0.56 acresLot Size
$234Est. Price/Sq.Ft.
3 spacesParking
Source:Public Records
Redfin Estimate
$492,096
$12K since July
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 33.3% higher than the average sale price ($369K) of 6 comparable homes.
NORTHSTARMLS as Distributed by MLS Grid #SEMN2934583
Oct 1, 2007
Listed
$369,000
$176/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$5,576 (+5.7%)
2025
$5,274 (+5.0%)
2024
$5,022 (+8.2%)
$78,500 + $349,400
$427,900
2023
$4,640 (+14.6%)
2022
$4,050 (+2.5%)
2021
$3,950 (+4.1%)
2020
$3,794 (−0.1%)
2019
$3,798 (−1.7%)
2018
$3,862 (+2.2%)
2017
$3,778 (+7.1%)
2015
$3,528 (−6.4%)
2014
$3,770 (+7.6%)
2013
$3,504
Tax history for 1026 Reed Ave
Year
Property tax
Land + Additions
Assessment*
2026
$5,576 (+5.7%)
2025
$5,274 (+5.0%)
2024
$5,022 (+8.2%)
$78,500 + $349,400
$427,900
2023
$4,640 (+14.6%)
2022
$4,050 (+2.5%)
2021
$3,950 (+4.1%)
2020
$3,794 (−0.1%)
2019
$3,798 (−1.7%)
2018
$3,862 (+2.2%)
2017
$3,778 (+7.1%)
2015
$3,528 (−6.4%)
2014
$3,770 (+7.6%)
2013
$3,504
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
R-3
Medium Density Residential District
The R-3, Medium Density Residential District, is established to provide for an environment of predominantly medium density apartments and congregate living arrangements, and single and two-family dwellings, along with directly related, complementary uses. It is intended that where an R-3, Medium Density Residential District directly abuts a zoning district of higher or lower density, a transition from existing uses to new uses be provided. Such transition may be accomplished by a continuation of similar uses to the extent possible given allowable uses within the district, landscape buffering as provided in Chapter 4, or both, as required by the City in conjunction with plat approval.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Senior
Fire house
Police station
Park & open space
Property details
Interior
Basement Information
Basement Sq. Ft: 2,021
Basement Finish: Resident
Basement Type: Full
Bathroom Information
# of Full Baths: 2
# of 1/4 Baths: 3
Heating & Cooling
Heating Type: Gas
Fireplace Information
# of Fireplaces: 1
Has Fireplace
Room Information
# of Rooms: 6
Exterior
Exterior Information
Physical Condition: Average
Foundation Type: Concrete Block
Exterior Wall: Stucco/Vinyl
Roof Covering Type: Asphalt
Roof Shape Type: Asphalt
Building Type: Single Family
Property Information
Subdivision Name: RIV TRAIL 2ND ADD
Living Sq. Ft: 2,101
Building Sq. Ft: 5,093
# of Stories: 1
Legal Description: L10 B2 RIV TRL 2ND ADD & PART L11 B2 BEG NELY COR L11 TH S20D20'16"W 81.19FT TH N17D38'12"E 81.34FT TO NLY LI L11 TH ELY ALG NLY LI L11 3.83FT TO POB
Parking & Garage Information
Parking Type: Attached Frame Garage
Garage/Parking Sq. Ft: 1,035
Garage / Carport Type: Attached Frame
Lot Information
# of Buildings: 1
Land Sq. Ft: 24,414
Legal Lot Number: 10
Legal Block Number: 2
Municipality Name: FARIBAULT
Acres: 0.5605
Depth Footage: 194.8
Front Footage: 73.35
State Use Description: 1A-RESIDENTIAL HOMESTEAD
Financial
Assessor Information
Assessment Year: 2025
Tax District County: FARIBO-SD656-HSP-HRA
Public facts
Beds: 3
Baths: 3.5
Sq. Ft.: 2,101
Stories: 1.0
Lot Size: 0.56 acres
Style: Single Family Residential
Year Built: 2002
Year Renovated: 2002
County: Rice County
APN: 1806129018
Home facts updated by county records on Aug 10, 2026
Around this home
Schools
Roosevelt Elementary School
Public PreK-5 • Assigned • 1.7mi
7/10
Faribault Middle School
Public 6-8 • Assigned • 0.7mi
2/10
Faribault Senior High School
Public 9-12 • Assigned • 0.8mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
7 days above 99° expected this year, 15 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Faribault, MN • 55021
Average low and high temperatures (°F)
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7
31
14
49
28
58
38
71
49
79
61
82
65
78
61
77
56
66
45
44
31
30
14
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
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Dec
Sun exposure
In this area, properties receive around 10.2 hours in
June and 3.7 hours in December, which is comparable to the
U.S. average for solar exposure.
10.2 hrs
3.7 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$468,000 – $566,000
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