15 days on rocket

416 2nd St NW, Faribault, MN, 55021

$225,000

Home List Price

$2,672*

Closing Credit

2 Bedrooms
1 Full Bath
858 SqFt
$262/SqFt
House

Location

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416 2nd St NW, Faribault$225,000

Buyer Closing Credits

$2,672*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached Garage, Concrete, Garage Door Opener, Storage
Attached Garage1 space
Year Built1988
HeatingForced Air
CoolingCentral Air
BasementYes
MLS #6622292
StatusActive

About 416 2nd St NW

This charming rambler in Faribault is a must-see—whether you're a first-time buyer or an investor seeking great value. With 2 bedrooms, 1 bath, and a spacious 858 sqft basement, this home offers endless possibilities to update, expand, and truly make it your own! The basement is plumbed, offering the perfect foundation for additional spaces. The .25-acre lot provides room to create outdoor living spaces or add a pool. Backyard comes with a powered shed, for storage. Recent updates add even more appeal, including a new furnace and AC (2024) with transferable warranties, updated kitchen appliances (2022), and a new washer/dryer (2023). The bathroom has been refreshed with sleek new LVT flooring (2024), perfectly complementing the modern updates throughout the home. And with an attached, heated garage, you'll enjoy year-round comfort. Whether you’re looking for a cozy starter home or a smart investment, this is the perfect place to start. Don’t wait, homes like this go quickly.

Property Details

Property Features

Property Information:

  • Year Built: 1988
  • Living Area: 858 SqFt

Listing Office:

  • Office Name: Coldwell Banker Realty

Interior Features

Interior Information:

  • Appliances: Dryer, Microwave, Range, Refrigerator, Washer
  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: Yes
  • Parking: Attached Garage, Concrete, Garage Door Opener, Storage

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: 4th Street to 4th Avenue south to 2nd street NW, right to property

Price Information

Listing Price Info

Price Summary:

  • List Price: $225,000
  • Price Per SqFt: $262/SqFt

Tax Information:

  • Annual Amount: $1,740
  • 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

35

# of Sold Homes

24

416 2nd St NW vs Faribault

15 DAYS ON ROCKET

-20 Days

$225,000

-$74.9K Less

$262/SqFt

+$96 More

KEY TAKEAWAY

This property is $74.9K less than the Median Sold Price and $96/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: #6622292

Listing Office:

  • Office Name: Coldwell Banker Realty

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Last updated on: 12/21/2024, 9:22:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$1,740$158,100
2019$1,652$122,600
2018$1,518$110,700
2017$1,324$93,200

History based on county public records data.

Payment Calculator

$1,190

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$741

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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.

Nearby Schools

school-card-donut-798637
5
/10

  • Lincoln Elementary School

  • 510 Lincoln Ave NW

  • 0.61 miles

  • Public District Grades KG-5

school-card-donut-798638
3
/10

  • Jefferson Elementary School

  • 922 Home Pl

  • 1.00 miles

  • Public District Grades KG-5

school-card-donut-798639
5
/10

  • Roosevelt Elementary School

  • 925 Parshall St

  • 1.21 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $55,435. Residents of Faribault, MN typically earn between $35k-100k each year. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 416 2nd St NW

What is the listing price of this property?

The listing price of 416 2nd St NW property is $225,000.

What type of property is this?

The property 416 2nd St NW is a house located in Faribault, Minnesota, 55021.

Is this property for sale now?

Active Listing: 416 2nd St NW is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $1,740 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 416 2nd St NW has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 416 2nd St NW is 858 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 416 2nd St NW is 1988.

Rocket Homes›Minnesota›Rice County›Faribault›55021›416 2nd St NW

This home is located at 416 2nd St NW in Faribault, MN and zip code 55021. This 858 square foot home was built in 1988. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since December 06, 2024 and is currently priced at $225,000.

Faribault, MN housing market in November 2024 saw over 4 listings sold above listed price, more than 3 sold at listed price and over 17 sold below. In November 2024 in Faribault, MN there were 8.8% less homes for sale than in October 2024. Listings spent 35 days on the market in November 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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