20 2nd Street Northwest

Local assessors in Faribault, MN have categorized 20 2nd Street Northwest as a commercial type of property. The home was built in 1912 and is 112 years old. The property's lot size has been calculated to be 8,382 square feet. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Moving onto specific details regarding the building. Our sources show that the building condition is average. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 20 2nd Street Northwest was last sold in Jan 30, 2013 for $15,000. According to our calculations, that's $12.02 per sqft. Prior to that sales transaction, the property was sold for $35,000 in Nov 8, 2002. Current property owners are expected to pay $4,282 in taxes per year. The property on 20 2nd Street Northwest was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $170,900. To break that down further, the land itself was valued at $71,900. While improvements to the property were assessed at a total of $99,000. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged.