862 4th Ave SW is a 2,488 square foot house on a 10,050 square foot lot with 4 bedrooms and 2.5 bathrooms. Based on Redfin's Faribault data, we estimate the home's value is $320,052.
Single-familyProperty Type
1930Year Built
10,050 sq ftLot Size
$129Est. Price/Sq.Ft.
Source:Public Records
Redfin Estimate
$320,052
$7,000 since September
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 12.2% higher than the average sale price ($285K) of 6 comparable homes.
As the MLS and public records start to fill up, we'll list the details here.
Year
Property tax
Land + Additions
Assessment*
2026
$3,848 (+2.7%)
2025
$3,746 (+3.5%)
2024
$3,620 (+6.7%)
2023
$3,392 (+8.9%)
2022
$3,114 (+15.8%)
2021
$2,688 (+8.0%)
2020
$2,490 (+9.4%)
2019
$2,276 (+7.0%)
2018
$2,128 (−0.6%)
2017
$2,140 (+7.8%)
2015
$1,986 (−3.7%)
2014
$2,062 (+3.8%)
2013
$1,986
Tax history for 862 4th Ave SW
Year
Property tax
Land + Additions
Assessment*
2026
$3,848 (+2.7%)
2025
$3,746 (+3.5%)
2024
$3,620 (+6.7%)
2023
$3,392 (+8.9%)
2022
$3,114 (+15.8%)
2021
$2,688 (+8.0%)
2020
$2,490 (+9.4%)
2019
$2,276 (+7.0%)
2018
$2,128 (−0.6%)
2017
$2,140 (+7.8%)
2015
$1,986 (−3.7%)
2014
$2,062 (+3.8%)
2013
$1,986
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
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
Interior
Basement Information
Basement Sq. Ft: 1,561
Basement Finish: Resident
Basement Type: Full
Bathroom Information
# of Full Baths: 2
# of 1/2 Baths: 1
Fireplace Information
# of Fireplaces: 1
Has Fireplace
Room Information
# of Rooms: 8
Exterior
Exterior Information
Physical Condition: Good
Foundation Type: Concrete Block
Exterior Wall: Steel
Roof Covering Type: Asphalt
Roof Shape Type: Asphalt
Building Type: Single Family
Property Information
Subdivision Name: SOUTHERN HEIGHTS
Living Sq. Ft: 2,488
Building Sq. Ft: 4,411
# of Stories: 1.5
Legal Description: ALL L14 & PART L13 BDED & DAF BEG SE COR L13 TH NELY ALG NWLY LI 4TH AVE SW 25FT TH NWLY @ RA TO LAST DESC COURSE TAP IN NWLY LI L13 25FT NELY FR SWLY COR L13 TH SWLY 25FT ALG NWLY LI L13 TO SWLY LI L13 TH SELY ALG SWLY LI L13 TO POB B2 SOUTHERN HEIG HTS
Parking & Garage Information
Parking Type: Attached Frame Garage
Garage/Parking Sq. Ft: 578
Garage / Carport Type: Attached Frame
Lot Information
# of Buildings: 1
Land Sq. Ft: 10,050
Legal Lot Number: 13
Legal Block Number: 2
Municipality Name: FARIBAULT
Acres: 0.2307
Depth Footage: 134
Front Footage: 75
State Use Description: 1A-RESIDENTIAL HOMESTEAD
Financial
Assessor Information
Assessment Year: 2025
Tax District County: FARIBO-SD656-HSP-HRA
Public facts
Beds: 4
Baths: 2.5
Sq. Ft.: 2,488
Stories: 1.5
Lot Size: 10,050 square feet
Style: Single Family Residential
Year Built: 1930
Year Renovated: 1930
County: Rice County
APN: 1806226017
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 • 0.8mi
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)
23
7
31
14
49
28
58
38
71
49
79
61
84
67
78
61
75
56
66
45
44
31
30
14
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
$305,000 – $369,000
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