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545 Willow St, Faribault, MN, 55021

2beds
3baths
1,270sqft
$224,900
$177price/sqft
$1,651/moest. monthly cost
$66,040/yrincome needed

About This Home

Welcome home to this beautifully maintained property that perfectly blends timeless charm with thoughtful updates. Featuring 2 bedrooms plus a versatile bonus room that could easily serve as a third bedroom, home office, or hobby space, this home offers flexibility to fit your lifestyle. Step inside and you'l1 immediately appreciate the abundance of natural light, gorgeous hardwood floors, and the pride of ownership that shines throughout. The stunning, fully remodeled main bathroom is a true showpiece featuring a spacious walk-in tiled shower and stylish finishes. An updated main-floor half bath adds extra convenience for family and guests. The inviting four-season front porch offers the perfect place to enjoy your morning coffee, curl up with a good book, or simply relax in a bright, comfortable space throughout every season. Outside, you'll find a generous 0.30-acre lot with room to spread out and enjoy. The fenced area is ideal for children or pets, while the backyard patio provides a wonderful setting for entertaining, grilling, or unwinding after a long day. Car enthusiasts, hobbyists, or anyone needing extra workspace will appreciate the oversized garage complete with an attached workshop. Additional updates include a newer roof and updated windows, giving you added peace of mind. Every inch of this home reflects meticulous care and maintenance, making it truly move-in ready. Conveniently located just minutes from parks, walking trails, downtown, shopping, restaurants, and everyday amenities, this home offers exceptional value, thoughtful updates, and a wonderful place to call home.

Getting Around

52
WalkingSomewhat Walkable
0
TransitVery Limited Transit
57
BikeBikeable

Schools

7/10
2/10
Faribault Middle SchoolGrades 6-81.1 mi
4/10

Construction

Condition

  • Year built: 1900

Materials

  • Roof: Age 8 Years or Less,Asphalt,Pitched
  • Construction materials: Block,Other,Concrete

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Microwave,Range,Refrigerator,Washer,Water Softener Owned
  • Laundry features: In Basement,Lower Level,Sink,Washer Hookup

Basement

  • Has basement: Yes
  • Basement: Daylight,Storage Space,Unfinished

Bedroom

  • Level: Upper
  • Area: 194
  • Dimensions: 16'2 x 12

Bedroom2

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

Bedroom3

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

Bedrooms & Bathrooms

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

Dining Room

  • Level: Main
  • Area: 149
  • Dimensions: 12'5 x 12

Features

  • Finished area below ground: 0
  • Finished area above ground: 1,270

Heating & Cooling

  • Heating features: Boiler
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 1,942
  • Total interior livable area: 1,270 sqft

Kitchen

  • Level: Main
  • Area: 218.1528
  • Dimensions: 18'10 x 11'7

Living Room

  • Level: Main
  • Area: 253.3125
  • Dimensions: 16'1 x 15'9

Office

  • Level: Main
  • Area: 76.3125
  • Dimensions: 9'3 x 8'3

Porch

  • Level: Main
  • Area: 125.3333
  • Dimensions: 15'8 x 8

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 1831451025
  • Zoning description: Residential-Single Family
  • Foundation area: 672

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Front Porch,Patio
  • Fencing: Chain Link,Full

Lot

  • Lot size: 0.30 Acres
  • Features: Irregular Lot,Tree Coverage - Medium
  • Lot size dimensions: 99 x 130

Parking

  • Total spaces: 2
  • Parking features: Detached Garage,Storage
  • 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

  • Cold Wave
    Cold WaveRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Strong Wind
Tornado
Hail
Inland Flooding
Winter Weather

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 $1,137$13,644
Home Insurance *$156$1,872
Property Taxes $188$2,256
Electricity $170$2,050
Total$1,651$19,812
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$56,605/yr
40% on housing$49,530/yr
45% on housing$44,026/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

$177This 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
2026-07-20Listed for sale$224,900
2011-08-26Sold$68,500

For Sale by Agent

AgentMarissa Babcock
BrokerageWeichert, REALTORS- Heartland

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