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412 Prairie Ave, Faribault, MN, 55021

3beds
3baths
3,045sqft
$320,000
$105price/sqft
$2,398/moest. monthly cost
$95,920/yrincome needed

About This Home

Discover a truly one-of-a-kind home offering remarkable flexibility and comfort for families of all sizes and generations. This extensively remodeled 1.5-story original residence features a stunning transformation, including a substantial 24 x 36 garage addition that brings with it a spacious 24 x 36 upper-level bonus area. The result is an expansive property boasting two kitchens, two family rooms, two laundry spaces, and a total of three bedrooms. The design accommodates a wide variety of living arrangements. The main level provides a convenient single-level living option, complete with a bedroom, kitchen, family room, and laundry—ideal for those seeking easy access and comfort with minimal steps. Upstairs, residents enjoy two additional bedrooms, an office, a second kitchen, a large living room, another laundry, and a full bath, making it perfect for extended family, guests or live in children that can be care givers. . Situated on a large lot, this home offers plenty of outdoor enjoyment. Relax on the backyard patio or gather around the firepit for memorable evenings. A dedicated storage shed is available to all, providing ample space for bikes, lawn equipment, and more. Unique to this property, the lot features access from two different streets, making parking and storage of larger recreational vehicles, boats, or campers both easy and convenient. The home is ideally located close to Faribault High School and the vocational school, making school commutes quick and easy. You’ll also benefit from effortless access to downtown Faribault, I-35W, and the 35W business district, with shopping, dining, and employment opportunities within easy reach. It is easy to tour and can close fast.

Getting Around

35
WalkingCar-Dependent
0
TransitVery Limited Transit
44
BikeSomewhat Bikeable

Schools

4/10
2/10
Faribault Middle SchoolGrades 6-81.2 mi
4/10

Construction

Condition

  • Year built: 1900

Materials

  • Roof: Age Over 8 Years
  • Construction materials: Frame

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Appliances

  • Appliances included: Dryer,Range,Refrigerator,Washer
  • Laundry features: Main Level

Basement

  • Has basement: Yes
  • Basement: Unfinished

Bathroom

  • Level: Main
  • Area: 63
  • Dimensions: 7 x 9

Bathroom

  • Level: Upper
  • Area: 72
  • Dimensions: 8 x 9

Bathroom

  • Level: Upper
  • Area: 130
  • Dimensions: 10 x 13

Bedroom

  • Level: Main
  • Area: 130
  • Dimensions: 10 x 13

Bedroom2

  • Level: Upper
  • Area: 162
  • Dimensions: 9 x 18

Bedroom3

  • Level: Upper
  • Area: 162
  • Dimensions: 9 x 18

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 3

Dining Room

  • Level: Upper
  • Area: 84
  • Dimensions: 7 x12

Features

  • Finished area below ground: 0
  • Finished area above ground: 1,484

Flex Room

  • Level: Upper
  • Area: 72
  • Dimensions: 9 x 8

Garage

  • Level: Main
  • Area: 936
  • Dimensions: 26 x 36

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 3,045
  • Total interior livable area: 3,045 sqft

Kitchen

  • Level: Main
  • Area: 180
  • Dimensions: 10 x 18

Kitchen2Nd

  • Level: Upper
  • Area: 156
  • Dimensions: 12 x 13

Living Room

  • Level: Main
  • Area: 216
  • Dimensions: 12 x 18

Living Room

  • Level: Upper
  • Area: 200
  • Dimensions: 10 x 20

Office

  • Level: Upper
  • Area: 144
  • Dimensions: 12 x 12

Other

  • Level: Main
  • Area: 96
  • Dimensions: 8 x 12

Patio

  • Level: Main
  • Area: 230
  • Dimensions: 10 x 23

Storage

  • Level: Main
  • Area: 180
  • Dimensions: 10 x 18

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 1836450002
  • Zoning description: Residential-Single Family
  • Foundation area: 2425

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Patio,Porch

Lot

  • Lot size: 0.40 Acres
  • Features: Tree Coverage - Medium
  • Lot size dimensions: 100 x 193 x 122 x 126

Parking

  • Total spaces: 4
  • Parking features: Attached,Concrete,Garage,Garage Door Opener,Insulated Garage,Storage,Tandem Garage
  • Has garage: Yes
  • Attached garage spaces: 4
  • Covered spaces: 4
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Strong Wind
    Strong WindVery High
  • Cold Wave
    Cold WaveRelatively High
  • Hail
    HailRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Strong Wind
Cold Wave
Hail
Tornado
Winter Weather
Inland Flooding
Lightning

FEMA Declared Disasters in Rice County and Minnesota

Flood
Severe Storm
Straight Line Winds

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,618$19,416
Home Insurance *$223$2,676
Property Taxes $301$3,612
Electricity $256$3,081
Total$2,398$28,776
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$82,217/yr
40% on housing$71,940/yr
45% on housing$63,946/yr

Minnesota FAIR Plan Programs

Minnesota FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,160Commercial: 101
Total Premiums$4.54M
Total Exposure$457.44M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.8%
10.8%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 4.2%
4.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$105This listing

vs Other Active Listings

Avg $/sqft

ZIP 55021$159
Rice County$181

vs Homes Sold Last Month

Median $/sqft

ZIP 55021$154
Rice County$165

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-06Listed for sale$325,000
2026-03-28Listing removed$329,000
2026-02-16Price change$329,000
2025-12-01Price change$339,000
2025-10-31Price change$350,000
2025-10-03Listed for sale$360,000
2025-09-07Listing removed$390,000
2025-07-19Price change$390,000
2025-06-18Price change$395,000
2025-05-19Price change$400,000
2025-04-22Price change$405,000
2025-03-18Price change$410,000
2025-02-01Listed for sale$420,000
2019-12-23Sold$170,000

For Sale by Agent

AgentRodney D. Tietz
BrokerageTrue Life Real Estate Solution

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