See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

1516 Wellington Cres, Faribault, MN, 55021

4beds
2baths
1,906sqft
$305,000
$160price/sqft
$2,160/moest. monthly cost
$86,400/yrincome needed

About This Home

**Huge Private Lot ** Oversized garage This Perfect rambler offers a spacious floor plan and a private, fully fenced in yard in a desirable Faribault location close to parks, schools, and everyday conveniences. Recent improvements include a newer roof, gutters, air conditioning unit, and luxury vinyl plank flooring, providing comfort and peace of mind for years to come. An inviting front porch welcomes guests into a bright, open-concept main level featuring a spacious living room highlighted by a stylish wood accent wall. The living area flows seamlessly into the dining space and kitchen, creating an ideal layout for daily living and entertaining. The kitchen features a breakfast bar, natural light and a lovely pantry for extra storage. Just beyond, the stunning four-season porch showcases vaulted ceilings, expansive windows, and beautiful backyard views, offering the perfect place to relax and enjoy every season. All three bedrooms are conveniently located on the main level, along with a full bathroom. There are many closets throughout the home that are large and spacious. The finished lower level provides exceptional flexibility with a large family room and 3/4 bath The lower level has opportunity to add in another bedroom! Outside, you'll find an oversized backyard with mature trees, abundant green space, and room for gardening, recreation, and outdoor gatherings. A storage shed offers convenient space for lawn equipment, tools, and outdoor toys. This well-maintained home combines comfort, functionality, and a fantastic setting—ready for you to move in and enjoy. 1-year AHS warranty included for buyer for peace of mind!

Getting Around

23
WalkingCar-Dependent
0
TransitVery Limited Transit
43
BikeSomewhat Bikeable

Schools

4/10
2/10
Faribault Middle SchoolGrades 6-80.8 mi
4/10

Construction

Condition

  • Year built: 1968

Materials

  • Roof: Age 8 Years or Less
  • Construction materials: Block

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Freezer,Gas Water Heater,Microwave,Range,Refrigerator,Washer,Water Softener Owned
  • Laundry features: Lower Level

Basement

  • Has basement: Yes
  • Basement: Finished,Storage Space,Sump Basket,Sump Pump

Bedroom

  • Level: Main
  • Area: 100
  • Dimensions: 10x10

Bedroom2

  • Level: Main
  • Area: 130
  • Dimensions: 10x13

Bedroom3

  • Level: Main
  • Area: 143
  • Dimensions: 11x13

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 1
  • 3/4 bathrooms: 1

Bonus Room

  • Level: Lower
  • Area: 160
  • Dimensions: 16x10

Bonus Room

  • Level: Lower
  • Area: 180.125
  • Dimensions: 16'6x10'11

Dining Room

  • Level: Main
  • Area: 156
  • Dimensions: 13x12

Family Room

  • Level: Lower
  • Area: 432
  • Dimensions: 12x36

Features

  • Finished area below ground: 542
  • Finished area above ground: 1,364

Heating & Cooling

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

Interior Area

  • Total structure area: 1,906
  • Total interior livable area: 1,906 sqft

Kitchen

  • Level: Main
  • Area: 90
  • Dimensions: 10x9

Living Room

  • Level: Main
  • Area: 276
  • Dimensions: 23x12

Other

  • Level: Main
  • Area: 252
  • Dimensions: 12x21

Patio

  • Level: Main

Porch

  • Level: Main
  • Area: 250.0069
  • Dimensions: 21'7x11'7

Storage

  • Level: Lower

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 1801152044
  • Zoning description: Residential-Single Family
  • Foundation area: 1364

Features

  • Levels: One
  • Stories: 1
  • Pool features: None
  • Patio & porch: Enclosed,Rear Porch
  • Fencing: Chain Link

Lot

  • Lot size: 0.43 Acres
  • Features: Cleared,Tree Coverage - Light
  • Lot size dimensions: 78 x 150 x 119 x 147

Parking

  • Total spaces: 2
  • Parking features: Attached,Concrete
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

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 $1,542$18,504
Home Insurance *$212$2,544
Property Taxes $236$2,832
Electricity $170$2,050
Total$2,160$25,920
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$74,057/yr
40% on housing$64,800/yr
45% on housing$57,600/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

$160This listing

vs Other Active Listings

Avg $/sqft

ZIP 55021$158
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
2026-08-15Price change$299,900
2026-07-27Price change$305,000
2026-07-24Price change$319,900
2026-07-16Listed for sale$324,900
2026-07-16Listing removed$329,000
2026-06-27Price change$329,000
2026-06-12Listed for sale$339,900
2026-06-08Listing removed$339,900
2026-06-05Listed for sale$339,900
2023-08-14Sold$235,000
2023-07-11Pending sale$250,000
2023-07-07Price change$250,000
2023-06-23Listed for sale$269,900
2022-10-19Sold$237,500
2022-10-06Pending sale$245,000
2022-09-15Price change$245,000
2022-09-08Price change$260,000
2022-08-30Listed for sale$275,000
2022-08-29Listing removed--
2022-07-19Pending sale$267,500
2022-07-15Listed for sale$267,500

For Sale by Agent

AgentRyan Edick
BrokerageReliance Realty Advisers, LLC

Similar Homes