OFF MARKET

Off market nov 2023 for $235K

$283,771

Est. refi paymentEst. refi $1,978/mo

•

—

sq ft

516 1st St SW, Faribault, MN 55021

About this home

Welcome home! This wonderful Faribault rambler has a ton to love. 3 bed and a full bath on the main level with a HUGE owners suite featuring a walk in and second closet over the garage. There are original hardwood floors that would be a show stopper with a simple refinishing. Sit out on the fully screened in 3 season porch with a weather neutral flat screen TV and ceiling fan! There is tons of storage options in this home and an extensive lower family and rec space with lots of possibilities! The roof is only 4 years old and the seller also replaced the furnace, AC and an all new drain tile system only a year ago! Priced to allow the new owners to add some finishing touches to really make it their own. Set your showing today!

Single-familyProperty Type

1956Year Built

7,710 sq ftLot Size

1 car garageParking

Listed by Shayne Hall • eXp Realty

Redfin checked: 2 minutes ago

•Source:NORTHSTARMLS as Distributed by MLS Grid #6411427

Redfin Estimate

$283,771

$48K since sold in November 2023$3,000 since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 5.3% lower than the average sale price ($300K) of 6 comparable homes.

SOLD SEP 25, 2026
$197,900
A
3 beds2 baths— sq ft
303 Willow St, Faribault, MN 55021
SOLD MAY 1, 2026
$355,000
B
3 beds2 baths— sq ft
330 5th Ave SW, Faribault, MN 55021
SOLD DEC 4, 2025
$210,000
C
4 beds2 baths— sq ft
123 6th Ave SW, Faribault, MN 55021
SOLD AUG 26, 2026
$299,900
D
3 beds2 baths— sq ft
455 Maple Lawn Ave, Faribault, MN 55021
SOLD JUN 8, 2026
$413,000
E
4 beds2 baths— sq ft
127 4th Ave SW, Faribault, MN 55021
SOLD JUL 30, 2026
$321,500
F
3 beds2 baths— sq ft
825 5th Ave SW, Faribault, MN 55021

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Earn from this home

Refinance

Est. cash available

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Rent

$2,003/mo

Redfin rental estimate

List your home for rent

Market trends in 55021, MN

Last updated September 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

98.2%

+0.1% MoM

Median sale price

$303K

$8K MoM

Avg. days on market

29d

0 days MoM

Recently sold homes

106

9 MoM

New listings for sale

NEW 6 HRS AGO
$179,900
3 beds1 bath1,582 sq ft
805 1st St SW, Faribault, MN 55021
$235,000
3 beds2 baths1,500 sq ft
1229 1st Ave NE, Faribault, MN 55021
COMING SOON
$265,000
3 beds2 baths1,142 sq ft
908 8th Ave SW, Faribault, MN 55021
$399,900
4 beds3 baths2,314 sq ft
1428 11th Ave NE, Faribault, MN 55021
$324,900
4 beds2 baths1,904 sq ft
1100 Mitchell Dr, Faribault, MN 55021
$360,000
4 beds2 baths2,125 sq ft
2130 198th St W, Faribault, MN 55021
$279,900
4 beds2 baths2,074 sq ft
120 Brand Ave, Faribault, MN 55021
OPEN SAT, 9:30AM TO 11AM
$379,900
4 beds2 baths2,612 sq ft
1320 11th Ave NE, Faribault, MN 55021
OPEN SAT, 9:30AM TO 11AM
$310,000
3 beds2 baths1,757 sq ft
1030 Willow St, Faribault, MN 55021
$110,000
2 beds1 bath486 sq ft
6000 Fairbanks Path #15, Faribault, MN 55021
See all

Provided by Redfin

Sale history for 516 1st St SW

Date

Event

Price

NORTHSTARMLS as Distributed by MLS Grid #6411427

Nov 6, 2023

Sold

$235,900

Oct 2, 2023

Pending

—

Sep 23, 2023

Contingent

—

Sep 13, 2023

Price Changed

$235,900

Aug 29, 2023

Relisted

—

Aug 27, 2023

Contingent

—

Aug 18, 2023

Listed

$239,900

Aug 17, 2023

Coming Soon

$239,900

NORTHSTARMLS as Distributed by MLS Grid #5733656

Jun 2, 2021

Sold

$220,000

May 3, 2021

Pending

—

Apr 26, 2021

Contingent

—

Apr 23, 2021

Listed

$195,000

Apr 19, 2021

Coming Soon

$195,000

+27

Welcome to your beautiful 4 bedroom 2 bathroom home located in central Faribault. Featuring one story living with 4 bedrooms on one level, you will immediately fall in love. Don't miss out on your opportunity to have a home with a large recreational room for any activities. Not to mention the deck outside, perfect for entertaining on warm summer days. With quick access to I35 for an easy commute. Roof was just replaced in 2019. This home is priced to sell and will go quickly.

NORTHSTARMLS as Distributed by MLS Grid #1046863

Aug 29, 1994

Sold

$76,000

Jun 30, 1994

Listing Removed

—

Mar 29, 1994

Listed

$78,000

Tax history for 516 1st St SW

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

Baths

2.5

Stories

Lot width

11 ft.

Lot depth

7 ft.

Lot size

7,739 Sq. Ft.

Year renovated

1956

Sq. Ft.

1,996

Year built

1956

Style

Single Family Residential

County

Rice County

APN

1831326012

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 10, 2026.

R-2

Low Density Residential District

The R-2, Low Density Residential District, is established to provide for an environment of predominantly low density residential uses, including detached and attached single family homes, duplexes, three- and four-unit multi-family dwellings, along with directly related, complementary uses. It is intended that where an R-s, Low 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 plan 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

Parking

Parking Information
Parking Features: Concrete, Tuckunder Garage
Garage Spaces: 1
Garage Dimensions: 22x11
Garage Sq. Ft.: 242
Garage Door Height: 7
Garage Door Width: 8
Carport Spaces: 0

Interior

Virtual Tour

Bedroom Information
# of Bedrooms: 4

Bathroom Information
# of Full Baths (Total): 1
# of Three Quarter Baths (Total): 1
Description: 3/4 Basement,Main Floor Full Bath

Room 1 Information
Room Type: Living Room
Room Dimensions: 19.5x11.5
Room Level: Main

Room 2 Information
Room Type: Kitchen
Room Dimensions: 15.2x11
Room Level: Main

Room 3 Information
Room Type: Bedroom 1
Room Dimensions: 11x8.11
Room Level: Main

Room 4 Information
Room Type: Bedroom 2
Room Dimensions: 11x10.2
Room Level: Main

Room 5 Information
Room Type: Bedroom 3
Room Dimensions: 11.8x11.5
Room Level: Main

Room 6 Information
Room Type: Recreation Room
Room Dimensions: 22.6x21.7
Room Level: Lower

Room 7 Information
Room Type: Laundry
Room Dimensions: 21.6x5.10
Room Level: Lower

Room 8 Information
Room Type: Utility Room
Room Dimensions: 17.9x10.5
Room Level: Lower

Room 9 Information
Room Type: Screened Porch
Room Dimensions: 15x10
Room Level: Main

Room 10 Information
Room Type: Bedroom 4
Room Dimensions: 18.10x11.4
Room Level: Upper

Basement Information
Has Basement
Basement Features: Block, Drain Tiled, Finished, Full, Storage Space, Sump Pump

Dining Room Information
Dining Room Features: Eat In Kitchen

Other Rooms Information
3 BR on One Level,Main Floor Bedroom

Heating & Cooling
Heating Information: Forced Air
Cooling Information: Central Air

Interior Features
Room Type: Living Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Recreation Room, Laundry, Utility Room, Screened Porch, Bedroom 4
Appliances: Dishwasher, Dryer, Humidifier, Gas Water Heater, Microwave, Range, Refrigerator, Washer, Water Softener Owned

Exterior

Building Information
Construction Materials: Brick/Stone, Wood Siding
Foundation Area: 1,296
Roof: Age 8 Years or Less, Asphalt

Exterior Features
Patio Porch Type: Deck,Patio,Porch,Rear Porch,Screened
Fencing: None

Pool Information
Pool Features: None

Property Information
Above Ground Total Sq. Ft.: 1,296
Below Ground Total Sq. Ft.: 1,296
FractionalOwnershipYN: No
Property Type: Residential
Property Sub Type: Single Family Residence
Other Structures: Storage Shed
Above Grade Finished Area: 1,296
Below Grade Finished Area: 700
Amenities: Ceiling Fan(s),Deck,Hardwood Floors,Kitchen Window,Natural Woodwork,Patio,Porch,Security System,Tile Floors

Lot Information
Lot Size Area: 0.18
Lot Size Units: Acres
Lot Size Dimensions: 72x109
Road Frontage Type: City Street, Curbs, Paved Streets, Sidewalks

Financial

Assessment Information
Other Annual Assessment Amount: $40

Tax Information
Tax Annual Amount: $2,590
Tax Year: 2023
Tax With Assessments: $2,630

Lease / Rent Details
RentalLicense Y/N: No

Utilities

Utility Information
Water Source: City Water/Connected
Electric: Circuit Breakers, 100 Amp Service
Sewer: City Sewer/Connected
Fuel: Natural Gas

Location

School Information
High School District: Faribault
School District Number: 656
School District Phone: 507-333-6016

Location Information
Directions: MN-60 E toward downtown Faribault, right onto 4th Ave NW, right onto 1st St SW. home on the right.
Map Coordinate: 999-A1

Public facts

Beds: 4
Baths: 2.5
Sq. Ft.: 1,996
Stories: 1.0
Lot Size: 7,739 square feet
Style: Single Family Residential
Year Built: 1956
Year Renovated: 1956
County: Rice County
APN: 1831326012

Home facts updated by county records on Aug 10, 2026

Other

Home Information
Living Area: 1996
Main Level Finished Area: 1296.0000
Building Area Total: 2592
Age Of Property: 69
Levels: One

Around this home

Schools

Roosevelt Elementary School

Public PreK-5 • Assigned • 1.4mi

7/10

Faribault Middle School

Public 6-8 • Assigned • 1.3mi

2/10

Faribault Senior High School

Public 9-12 • Assigned • 0.5mi

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)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

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

$270,000 – $327,000

Sell confidently with a local market expert in Faribault. 3 minutes to get started.

Nearby similar homes

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OPEN SUN, 9AM TO 10:30AM

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New listings for sale in 55021

NEW 6 HRS AGO

$179,900

3 beds1 bath1,582 sq ft

805 1st St SW, Faribault, MN 55021

$235,000

3 beds2 baths1,500 sq ft

1229 1st Ave NE, Faribault, MN 55021

COMING SOON

$265,000

3 beds2 baths1,142 sq ft

908 8th Ave SW, Faribault, MN 55021

$399,900

4 beds3 baths2,314 sq ft

1428 11th Ave NE, Faribault, MN 55021

$324,900

4 beds2 baths1,904 sq ft

1100 Mitchell Dr, Faribault, MN 55021

$360,000

4 beds2 baths2,125 sq ft

2130 198th St W, Faribault, MN 55021

$279,900

4 beds2 baths2,074 sq ft

120 Brand Ave, Faribault, MN 55021

OPEN SAT, 9:30AM TO 11AM

$379,900

4 beds2 baths2,612 sq ft

1320 11th Ave NE, Faribault, MN 55021

OPEN SAT, 9:30AM TO 11AM

$310,000

3 beds2 baths1,757 sq ft

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Home values near 516 1st St SW

Data from public records.

Address	Redfin Estimate
510 1st Street Southwest, Faribault, MN 2 Beds \| 2 Baths \| 1296 Sq. Ft.	$223,898
604 1st Street Southwest, Faribault, MN 2 Beds \| 1.5 Baths \| 1190 Sq. Ft.	$190,573

Address	Redfin Estimate
519 1st Street Southwest, Faribault, MN 5 Beds \| 3.5 Baths \| 3240 Sq. Ft.	$440,497
524 1st Street Southwest, Faribault, MN 3 Beds \| 2 Baths \| - Sq. Ft.	$284,443

Address	Redfin Estimate
610 1st Street Southwest, Faribault, MN 3 Beds \| 1.5 Baths \| 1980 Sq. Ft.	$228,695
522 1st Street Southwest, Faribault, MN 2 Beds \| 1.5 Baths \| 1209 Sq. Ft.	$219,953

Property information provided by NORTHSTARMLS as Distributed by MLS Grid when last listed in 2023. This data may not match . Learn more.

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About this home

Redfin Estimate

Earn from this home

Market trends in 55021, MN

Sale history for 516 1st St SW

Tax history for 516 1st St SW

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 55021

Home values near 516 1st St SW

More real estate resources