17 days on rocket

3900 Wells Lake Way, Faribault, MN, 55021

$499,500

Home List Price

$5,932*

Closing Credit

5 Bedrooms
2 Full Baths
2,256 SqFt
$221/SqFt
House

Location

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3900 Wells Lake Way, Faribault$499,500

Buyer Closing Credits

$5,932*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached Garage, Concrete
Attached Garage2 spaces
Year Built1984
HeatingForced Air
CoolingCentral Air
BasementYes
WaterfrontLake Front
ViewOther
MLS #6620078
StatusActive

About 3900 Wells Lake Way

Prime lakeshore lot with year round living under $500k??? Seize the OPPORTUNITY! Enjoy the breathtaking views, indulge in endless fishing, and unwind with leisurely boat rides. Gentle slope to the 98 feet of lakeshore with dock & boatlift all on 1/2 acre tree lined private lot. Located on Wells Lake with boat access to Cannon Lake and the Cannon River….so many boat cruises to take! Built in 1984, this home offers an open concept main level with vaulted ceiling with exposed beams and a stunning lake view to take in while you cook, entertain, or unwind. Huge primary suite offers access to future deck, 2 walk in closets, ¾ bath, laundry and is a cozy retreat from the other 2 main floor bedrooms. Lower level wide open family room walks out to patio for additional entertaining space. Lower also includes 2 additional bedrooms, full bath and 2nd laundry hookup. Over 500 sq ft of storage space with double doors to outside provides plenty of room for all the lake toys. Updates include a 56ft main floor deck ledger in place, vinyl siding in 2010, A/C new in 2015, new roof in 2023 and cement circular driveway for plenty of parking. Almost 700 sq ft garage! Just minutes to Faribault and I-35 access. IT’S LAKE TIME! Make your move today!

Property Details

Property Features

Property Information:

  • Year Built: 1984
  • Living Area: 2,256 SqFt

Listing Office:

  • Office Name: Re/Max Advantage Plus

Interior Features

Interior Information:

  • Appliances: Double Oven, Dryer, Gas Water Heater, Range, Refrigerator, Washer, Water Softener
  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Waterfront: Lake Front
  • View: Other

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Attached Garage, Concrete

Lot Features

Lot Information:

  • Lot: Accessible Shoreline, Some Trees

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Faribault Senior High School, Public District Grades 9-12
  • Faribault Middle School, Public District Grades 6-8
  • Lincoln Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: Cedar Lake Blvd west to south on Wells Lake Way

Price Information

Listing Price Info

Price Summary:

  • List Price: $499,500
  • Price Per SqFt: $221/SqFt

Tax Information:

  • Annual Amount: $2,496
  • 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

$299.9K

Med. Price/SqFt

$165

Avg. Days On Market

47

# of Sold Homes

27

3900 Wells Lake Way vs Faribault

17 DAYS ON ROCKET

-30 Days

$499,500

+$199.6K More

$221/SqFt

+$55 More

KEY TAKEAWAY

This property is $199.6K more than the Median Sold Price and $55/SqFt more than other homes in Faribault, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6620078

Listing Office:

  • Office Name: Re/Max Advantage Plus

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Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$2,496$317,500
2019$2,308$286,900
2018$2,112$257,200
2017$2,046$246,600

History based on county public records data.

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$2,560

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,564

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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-2190835
5
/10

  • Lincoln Elementary School

  • 510 Lincoln Ave NW

  • 2.61 miles

  • Public District Grades KG-5

Middle School

school-card-donut-2190836
2
/10

  • Faribault Middle School

  • 704 17th St SW

  • 3.52 miles

  • Public District Grades 6-8

High School

school-card-donut-2190837
3
/10

  • Faribault Senior High School

  • 330 9th Ave SW

  • 2.80 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 $65,769. The majority of Faribault, MN residents have income between $35k-100k annually. Typical family type is married, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 3900 Wells Lake Way

What is the listing price of this property?

The listing price of 3900 Wells Lake Way property is $499,500.

What type of property is this?

The property 3900 Wells Lake Way is a house located in Faribault, Minnesota, 55021.

Is this property for sale now?

Active Listing: 3900 Wells Lake Way is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 3900 Wells Lake Way are:
Lincoln Elementary School: GreatSchools Rating 5/10
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 $2,496 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 3900 Wells Lake Way has 5 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 3900 Wells Lake Way is 2,256 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 3900 Wells Lake Way is 1984.

Rocket Homes›Minnesota›Rice County›Faribault›55021›3900 Wells Lake Way

This home is located at 3900 Wells Lake Way in Faribault, MN and zip code 55021. This 2,256 square foot home was built in 1984. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since October 18, 2024 and is currently priced at $499,500.

Faribault, MN housing market in October 2024 saw over 9 listings sold above listed price, more than 11 sold at listed price and over 7 sold below. The inventory of homes for sale in Faribault, MN between September 2024 and October 2024 increased by 9.6%. Listings spent 47 days on the market in October 2024, and had a median list price of $299,900 during the same period.

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

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