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5701 232nd St W, Faribault, MN, 55021

$949,900

Home List Price

$10,000*

Closing Credit

4 Bedrooms
2 Full Baths, 1 Partial
4,204 SqFt
$226/SqFt
House

Location

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5701 232nd St W, Faribault$949,900

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached Garage, Concrete
Attached Garage3 spaces
Year Built2005
HeatingForced Air
CoolingCentral Air
BasementYes
WaterfrontLake Front
FireplaceGas
ViewLake, Other, Panoramic
MLS #6629885
StatusActive

About 5701 232nd St W

Welcome to Your Dream Lakefront Retreat. Nestled on the serene shores of Cannon Lake, this stunning lake home is where luxury meets tranquility. With 4 spacious bedrooms and 4 modern baths, this residence offers ample space for family and guests. Step inside to find an open-concept living area highlighted by vaulted ceilings and panoramic windows that invite in natural light and breathtaking Lake views. The eat in kitchen, equipped with stainless steel appliances, double oven and granite countertops, is perfect for hosting gatherings or enjoying quiet evenings at home. Main floor features Primary Bedroom and bath, along with office space and beautiful formal dining room. The lower level walkout is a true highlight, featuring a Large family room ideal for movie nights or game days. Complete with a wet bar, it’s perfect for entertaining guests or unwinding with loved ones. Step outside to find a spacious patio, cozy fire pit area for marshmallow nights and private dock for morning coffees or sunset boat rides. Whether you're swimming, fishing, or simply soaking in the views, life at THE LAKE feels like a perpetual vacation. Located just minutes from 35W this home provides the perfect balance of seclusion and convenience. Don’t miss your chance to own this piece of paradise—schedule your private tour today and start making lakeside memories that last a lifetime!

Property Details

Property Features

Property Information:

  • Year Built: 2005
  • Living Area: 4,204 SqFt

Listing Office:

  • Office Name: RE/MAX Experts

Interior Features

Interior Information:

  • Appliances: Dishwasher, Double Oven, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
  • Basement: Yes
  • Fireplace: Gas

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Waterfront: Lake Front
  • View: Lake, Other, Panoramic

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: Yes
  • Parking: Attached Garage, Concrete

Lot Features

Lot Information:

  • Lot: Accessible Shoreline, Some Trees, Underground Utilities

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Hwy 60 N on

Price Information

Listing Price Info

Price Summary:

  • List Price: $949,900
  • Price Per SqFt: $226/SqFt

Tax Information:

  • Annual Amount: $5,790
  • 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

5701 232nd St W vs Faribault

47 DAYS ON ROCKET

+12 Days

$949,900

+$650K More

$226/SqFt

+$60 More

KEY TAKEAWAY

This property is $650K more than the Median Sold Price and $60/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: #6629885

Listing Office:

  • Office Name: RE/MAX Experts

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Last updated on: 12/30/2024, 11:52:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Feb 25, 2016Home Sold
$610,000

Tax History

YEARPROP. TAXASSESSMENT
2021$5,790$698,200
2019$5,102$616,800
2018$5,528$658,800
2017$5,170$607,300

History based on county public records data.

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$4,808

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,914

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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-2267045
6
/10

  • Morristown Elementary School

  • 23 Ann St

  • 3.57 miles

  • Public District Grades 5-6

school-card-donut-2267046
3
/10

  • Jefferson Elementary School

  • 922 Home Pl

  • 5.14 miles

  • Public District Grades KG-5

school-card-donut-2267047
5
/10

  • Lincoln Elementary School

  • 510 Lincoln Ave NW

  • 5.57 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 $75,000. Residents of Faribault, MN typically earn between $35k-100k each year. The most common type of family is married, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5701 232nd St W

What is the listing price of this property?

The listing price of 5701 232nd St W property is $949,900.

What type of property is this?

The property 5701 232nd St W is a house located in Faribault, Minnesota, 55021.

Is this property for sale now?

Active Listing: 5701 232nd St W 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 $5,790 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on February 25, 2016 for $610,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5701 232nd St W has 4 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 5701 232nd St W is 4,204 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5701 232nd St W is 2005.

Rocket Homes›Minnesota›Rice County›Faribault›55021›5701 232nd St W

This home is located at 5701 232nd St W in Faribault, MN and zip code 55021. This 4,204 square foot home was built in 2005. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since November 13, 2024 and is currently priced at $949,900.

In November 2024 more than 4 listings in Faribault, MN were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 17 were 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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