Lincoln Elementary
- Enrollment
- 391
- Students per teacher
- 12.2
510 Lincoln Ave NW, Faribault, MN 55021
(507) 333-6600
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1229 1st Avenue NE, Faribault, MN 55021 - MLS# 7155753
$229,500
$235,000↓ 2.3%
Bedrooms
3
Bathrooms
2
Square Feet
1,500
Acres
0.2
Year Built
1930
Property Type
Residential
Heating
Natural Gas, Forced Air
Cooling
Central Air
Garages
2
Days on Market
26
School District
656 - Faribault
Welcome to a home that feels inviting from the moment you arrive. This beautifully designed 3-bedroom, 2-bath home offers a comfortable layout and a wonderful corner-lot setting with space to truly enjoy everyday life. Please note, stylish wallpaper in kitchen and upper level is easily removed by just pulling off. (peel & Stick) Step outside onto the spacious deck and take in the peaceful, private backyard—perfect for morning coffee, summer gatherings, or unwinding at the end of the day. The oversized 2-car garage provides room for vehicles, storage, hobbies, and more, with 220 electrical service for added versatility. Newer windows, furnace, and A/C offer added peace of mind. Thoughtfully designed, wonderfully cared for, and filled with possibilities, this is the kind of home where memories are made.
Interior Information
BasementBlock, Full, Partially Finished
AppliancesDryer, Gas Water Heater, Microwave, Range, Refrigerator, Washer, Water Softener Owned
CoolingCentral Air
HeatingForced Air
FuelNatural Gas
LaundryIn Basement
Interior AmenitiesDeck, Kitchen Window, Main Floor Primary Bedroom
ElectricCircuit Breakers
Size & Levels
LevelsOne and One Half
Total Finished Sq Ft1,500 sq ft
Above Grade Finished1,200 sq ft
Below Grade Finished300 sq ft
Main Level Finished1,200 sq ft
Total Area (incl. unfinished)1,800 sq ft
Bathrooms
Full Baths1
3/4 Baths1
Bathroom DetailsMain Floor 3/4 Bath, Upper Level Full Bath
Rooms
Main Level Rooms
Living Room13' x 19'
Kitchen15' x 9'
Bedroom10' x 11'
Deck14' x 12'
Upper Level Rooms
Bedroom 213' x 19'
Bedroom 310' x 13'
Lower Level Rooms
Flex Room15' x 18'
Exterior & Parking
ExteriorVinyl
ConstructionBlock
RoofAge 8 Years or Less
FoundationBlock
Patio / PorchDeck
Garage Stalls2
Garage Size24 x 20 (480 sq ft)
ParkingDetached Garage, Asphalt, Electric, Finished Garage, Garage Door Opener, Insulated Garage
Lot & Utilities
Property SubtypeSingle Family
Lot Size0.2 acres
Lot Dimensions66 x 132
Lot DescriptionCorner Lot, Tree Coverage - Medium
ZoningResidential-Single Family
SubdivisionTown/North Faribault
TownshipFaribault
CountyRice
SewerCity Sewer/Connected
WaterCity Water/Connected
Road FrontageCity Street
Financial & Tax Information
Annual Taxes$2,704
Tax Year2026
Tax w/ Assessments$2,704
Other Annual Assessments$858
Assessment PendingNo
Parcel Number1830426073
Financing OptionsConventional, VA, FHA, Cash, Rural Development
Assumable MortgageYes w/ Qualifying
List TypeExclusive Right To Sell
Neighborhood at a Glance
In this neighborhood, homes were most commonly built in 1939 or earlier, about 65% of occupied homes are owner-occupied, and the average commute is 20 minutes.
Cost of Ownership
Median home value
$230,300
Similar to the Faribault median
The midpoint of estimated values for owner-occupied homes.
Median property taxes paid
$2,171/yr
Lower than the Faribault median
The midpoint of annual property taxes paid by homeowners.
Typical monthly owner costs (with mortgage)
$1,611/mo
Similar to the Faribault median
Median monthly housing costs for owners with a mortgage.
Typical monthly owner costs (no mortgage)
$600/mo
Similar to the Faribault median
Median monthly housing costs for owners without a mortgage.
Median rent
$945/mo
Lower than the Faribault median
The midpoint of monthly gross rent, including utilities.
Homes in the Area
Owner-occupied homes
65%
Similar to Faribault overall
The share of occupied homes lived in by their owners.
Median year built
1964
Older than the Faribault median
The midpoint of years when homes in the area were built.
Home age by decade
The share of homes built during each period.
- 2000-20099%
- 1990-199914%
- 1980-19899%
- 1970-19797%
- 1960-196915%
- 1950-19598%
- 1939 or earlier30%
Types of homes
The share of housing units in each building type.
- Single-family detached65%
- 5+ units30%
Getting Around
Average commute
20 min
Similar to the Faribault median
The average one-way travel time to work for commuters.
How people get to work
The share of workers using each listed way to get to work.
- Drive alone75%
Homes with broadband
75%
Lower than Faribault overall
The share of households with a broadband internet subscription.
Schools
Faribault Public School District
This home is in the Lincoln Elementary, Faribault Middle and Faribault Senior High attendance areas of Faribault Public School District.
Elementary
More than one school serves this area
Middle
Faribault Middle
- Enrollment
- 594
- Students per teacher
- 13.8
704 17th St SW, Faribault, MN 55021
(507) 333-6300High
Faribault Senior High
- Enrollment
- 956
- Students per teacher
- 18.4
330 9th Ave SW, Faribault, MN 55021
(507) 333-6100Questions and Answers
How much is 1229 1st Avenue NE?
1229 1st Avenue NE in Faribault, MN, is listed at $229,500 as of Oct 31, 2026 ($153 per finished square foot, down from an original list price of $235,000 and 26 days on market).
What school district is 1229 1st Avenue NE in?
Faribault Public School District. It is in the attendance areas for Lincoln Elementary (grades K-5, 1.2 mi), Faribault Middle (grades 6-8, 2.4 mi) and Faribault Senior High (grades 9-12, 1.6 mi), according to Minnesota Department of Education 2025-26 boundaries. Assignments can change, so confirm enrollment with the district.
What are the property taxes for 1229 1st Avenue NE?
Property taxes are $2,704 for 2026. No special assessments are pending.
Does 1229 1st Avenue NE have an HOA fee?
No. The listing shows no homeowners association fee.
What is the commute like from 1229 1st Avenue NE?
The average one-way commute for the surrounding area is 20 minutes, compared with 24 minutes for the Twin Cities metro. About 75% of workers drive alone. Source: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates for the surrounding census tract.
What does it cost to own a home near 1229 1st Avenue NE?
In the surrounding census tract, the median home value is $230,300 and the median property tax bill is $2,171 a year; typical owner costs with a mortgage are $1,611 a month. These are area estimates, not figures for this home.
How do I schedule a showing of 1229 1st Avenue NE?
Call Pederson Realty anytime at 612-356-2121 to ask about this home, schedule a showing, or be connected to an agent. You can also contact the agent shown on this page or use the Tour in Person button. We can usually set up a showing within a day.
