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710 1st Ave NW, Faribault, MN, 55021

2beds
2baths
1,696sqft
$210,000
$124price/sqft
$1,562/moest. monthly cost
$62,480/yrincome needed

About This Home

Fall in love with this charming 1.5-story home filled with timeless character and natural light. Original hardwood floors and beautiful woodwork create a warm, inviting feel, while large windows brighten every space. The cheerful kitchen features new IKEA cabinets and a pass-through/snack bar—perfect for a coffee nook. With two cozy bedrooms, 1.5 baths, and an upper-level bonus room with its own bath, there’s flexible space for guests, a home office, or a private retreat. Enjoy slow mornings on the welcoming front porch or relax in the peaceful back three-season porch. The clean, dry basement offers excellent storage, and major updates—including a BRAND NEW ROOF, updated electrical/wiring, new back steps, and energy-efficient front and back doors. This home is situated in a neighborhood close to parks and trails perfect for walking or bike riding!

Getting Around

80
WalkingVery Walkable
0
TransitVery Limited Transit
68
BikeBikeable

Schools

6/10
2/10
Faribault Middle SchoolGrades 6-82.0 mi
4/10

Construction

Condition

  • Year built: 1890

Materials

  • Roof: Age 8 Years or Less,Architectural Shingle

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Dryer,Gas Water Heater,Range,Refrigerator,Washer,Water Softener Owned
  • Laundry features: In Basement

Basement

  • Has basement: Yes
  • Basement: Full,Unfinished

Bedroom

  • Level: Main
  • Area: 204
  • Dimensions: 12 x 17

Bedroom2

  • Level: Main
  • Area: 120
  • Dimensions: 12 x 10

Bedrooms & Bathrooms

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

Bonus Room

  • Level: Upper
  • Area: 840
  • Dimensions: 21 x 40

Dining Room

  • Level: Main
  • Area: 204
  • Dimensions: 12 x 17

Features

  • Finished area below ground: 0
  • Finished area above ground: 1,696

Heating & Cooling

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

Interior Area

  • Total structure area: 1,696
  • Total interior livable area: 1,696 sqft

Kitchen

  • Level: Main
  • Area: 238
  • Dimensions: 14 x 17

Living Room

  • Level: Main
  • Area: 180
  • Dimensions: 12 x 15

Other

  • Level: Main
  • Area: 96
  • Dimensions: 16 x 6

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 1830451074
  • Zoning description: Residential-Single Family
  • Foundation area: 1095

Features

  • Levels: One and One Half
  • Stories: 1
  • Patio & porch: Covered,Enclosed,Front Porch,Rear Porch

Lot

  • Lot size: 3,920 sqft
  • Lot size dimensions: 48.00 x 84.00

Parking

  • Total spaces: 1
  • Parking features: Detached Garage,Concrete
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

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

How This Home’s Risks Compare

Strong Wind
Cold Wave
Hail
Tornado
Winter Weather
Inland Flooding

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 $1,061$12,732
Home Insurance *$146$1,752
Property Taxes $185$2,220
Electricity $170$2,050
Total$1,562$18,744
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$53,554/yr
40% on housing$46,860/yr
45% on housing$41,653/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

$124This 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
2026-05-07Listed for sale$240,000
2026-05-07Listing removed$249,900
2026-04-03Listed for sale$249,900
2023-10-20Sold$230,000
2023-09-29Pending sale$230,000
2023-09-14Listed for sale$230,000
2014-10-15Sold$110,000
2005-08-04Sold$155,500
2004-06-09Sold$65,000

For Sale by Agent

AgentMary Ellen Bondhus
BrokerageEdina Realty, Inc.

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