Google street view image for 531 3rd St NW, Faribault, MN 55021

Off market

—

•

7 ba

•

3,154

sq ft

531 3rd St NW, Faribault, MN 55021

About this home

531 3rd St NW is a 3,154 square foot property on a 10,240 square foot lot with 8 bedrooms and 7 bathrooms.

1900Year Built

10,240 sq ftLot Size

Source:Public Records

Redfin Estimate

Unfortunately, we don't have enough data to generate an accurate Estimate at this time.

Market trends in 55021, MN

Last updated October 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

98.8%

+0.6% MoM

Median sale price

$282K

$21K MoM

Avg. days on market

30d

1 days MoM

Recently sold homes

5 MoM

New listings for sale

$430,000
4 beds3 baths2,051 sq ft
2416 14th St NE, Faribault, MN 55021
$720,000
4 beds4 baths3,594 sq ft
17650 Cannon City Blvd, Faribault, MN 55021
COMING SOON
$360,000
3 beds3 baths2,503 sq ft
2245 198th St W, Faribault, MN 55021
OPEN SAT, 10AM TO 11:30AM
$439,900
5 beds3 baths2,874 sq ft
1520 Trailwood Ln SW, Faribault, MN 55021
$339,500
4 beds2 baths2,300 sq ft
1730 Patricks Bay, Faribault, MN 55021
$334,900
3 beds3 baths3,154 sq ft
2711 Village Dr, Faribault, MN 55021
$135,000
2 beds1 bath769 sq ft
17351 Gary Trl #4, Faribault, MN 55021
See all

Provided by Redfin

Sale history for 531 3rd St NW

As the MLS and public records start to fill up, we'll list the details here.

Year

Property tax

Land + Additions

Assessment*

2026

$5,052 (+5.6%)

$55,100 + $271,200

$326,300

2025

$4,782 (+14.5%)

$51,700 + $261,000

$312,700

2024

$4,176 (+4.0%)

$51,700 + $233,300

$285,000

2023

$4,016 (+6.2%)

$51,700 + $212,900

$264,600

2022

$3,782 (+4.2%)

$40,000 + $191,400

$231,400

2021

$3,628 (+6.6%)

$40,000 + $179,600

$219,600

2020

$3,402 (+7.5%)

$36,700 + $172,900

$209,600

2019

$3,166 (−2.2%)

$26,700 + $164,100

$190,800

2018

$3,238 (−2.2%)

$26,700 + $163,200

$189,900

2017

$3,312 (+0.9%)

$26,700 + $161,100

$187,800

2015

$3,282 (−7.7%)

$38,000 + $154,200

$192,200

2014

$3,556 (+5.9%)

$38,000 + $154,200

$192,200

2013

$3,358

$38,000 + $154,200

$192,200

Tax history for 531 3rd St NW

Year

Property tax

Land + Additions

Assessment*

2026

$5,052 (+5.6%)

$55,100 + $271,200

$326,300

2025

$4,782 (+14.5%)

$51,700 + $261,000

$312,700

2024

$4,176 (+4.0%)

$51,700 + $233,300

$285,000

2023

$4,016 (+6.2%)

$51,700 + $212,900

$264,600

2022

$3,782 (+4.2%)

$40,000 + $191,400

$231,400

2021

$3,628 (+6.6%)

$40,000 + $179,600

$219,600

2020

$3,402 (+7.5%)

$36,700 + $172,900

$209,600

2019

$3,166 (−2.2%)

$26,700 + $164,100

$190,800

2018

$3,238 (−2.2%)

$26,700 + $163,200

$189,900

2017

$3,312 (+0.9%)

$26,700 + $161,100

$187,800

2015

$3,282 (−7.7%)

$38,000 + $154,200

$192,200

2014

$3,556 (+5.9%)

$38,000 + $154,200

$192,200

2013

$3,358

$38,000 + $154,200

$192,200

*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: 1,564
Basement Type: Full Unfinished

Bathroom Information
# of Full Baths: 5
# of 1/4 Baths: 4

Room Information
# of Rooms: 18

Exterior

Exterior Information
Physical Condition: Very Good
Foundation Type: Stone
Exterior Wall: Stucco
Roof Covering Type: Asphalt
Roof Shape Type: Asphalt
Building Type: Five Family

Property Information
Subdivision Name: ORIGINAL TOWN
Living Sq. Ft: 3,154
Building Sq. Ft: 4,718
# of Stories: 2
Legal Description: ORIG TOWN W55FT L5 B62 & MCCLELLANDS 2ND E11FT N100FT L1 & E1FT S65FT L1 B8

Lot Information
# of Buildings: 1
Land Sq. Ft: 10,240
Legal Lot Number: 5
Legal Block Number: 62
Municipality Name: FARIBAULT
Acres: 0.2351
Depth Footage: 100
Front Footage: 66
State Use Description: 4A-RENTAL/RESIDENTIAL NON-HOME

Financial

Assessor Information
Assessment Year: 2025
Tax District County: FARIBO-SD656-HSP-HRA

Public facts

Beds: 8
Baths: 7.0
Sq. Ft.: 3,154
Stories: 2.0
Lot Size: 10,240 square feet
Style: Other
Year Built: 1900
Year Renovated: 1900
County: Rice County
APN: 1831126399

Home facts updated by county records on Oct 30, 2026

Around this home

Schools

K - 12
Preschool & daycare

Roosevelt Elementary School

Public PreK-5 • Assigned • 1.3mi

7/10

Faribault Middle School

Public 6-8 • Assigned • 1.6mi

2/10

Faribault Senior High School

Public 9-12 • Assigned • 0.6mi

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

Try the sun simulator tool to see how light moves across the property at different times of day and year.

Provided by Shadowmap

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

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New listings for sale in 55021

$430,000

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0.23 acre lot • 3 garage spots • Built 2022

$720,000

4 beds4 baths3,594 sq ft

17650 Cannon City Blvd, Faribault, MN 55021

Lake front home • Open floor plan • Custom details

COMING SOON

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3 beds3 baths2,503 sq ft

2245 198th St W, Faribault, MN 55021

Open concept design • Main level laundry • Freshly stained deck

OPEN SAT, 10AM TO 11:30AM

$439,900

5 beds3 baths2,874 sq ft

1520 Trailwood Ln SW, Faribault, MN 55021

Level lot • New furnace • Air conditioning

$339,500

4 beds2 baths2,300 sq ft

1730 Patricks Bay, Faribault, MN 55021

Over 1/3 acre • Cozy gas fireplace • Two storage sheds

$334,900

3 beds3 baths3,154 sq ft

2711 Village Dr, Faribault, MN 55021

Golf course views • Composite deck • Eat-in kitchen

$135,000

2 beds1 bath769 sq ft

17351 Gary Trl #4, Faribault, MN 55021

Lakefront cabin • Spacious deck • 140 feet of dock

Home values near 531 3rd St NW

Data from public records.

Address	Redfin Estimate
520 3rd St NW, Faribault, MN 3 Beds \| 2 Baths \| 2453 Sq. Ft.	$231,838
535 3rd St NW, Faribault, MN 4 Beds \| 2 Baths \| 1458 Sq. Ft.	$211,271

Address	Redfin Estimate
510 3rd St NW, Faribault, MN 5 Beds \| 2 Baths \| - Sq. Ft.	—
609 3rd St NW, Faribault, MN 3 Beds \| 3.5 Baths \| 1792 Sq. Ft.	$240,836

Address	Redfin Estimate
509 3rd St NW, Faribault, MN 4 Beds \| 2.5 Baths \| 2165 Sq. Ft.	$283,192
605 3rd St NW, Faribault, MN 6 Beds \| 2.5 Baths \| 2515 Sq. Ft.	$268,742

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Market trends in 55021, MN

Sale history for 531 3rd St NW

Tax history for 531 3rd St NW

Zoning

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 531 3rd St NW

More real estate resources