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322 8th Street Northwest

322 8th Street Northwest, Faribault, MN 55021
Property in Faribault
Sold Mar 21, 2022
$3,000
$228,000 by Crosscountry Mortgage Llc
Mortgage Due Apr 01, 2052
Sold Mar 21, 2022
$240,000
$228,000 by Crosscountry Mortgage Llc
Mortgage Due Apr 01, 2052
Local assessors in Faribault, MN have categorized 322 8th Street Northwest as a residential type of property. The home was built in 1910 and is 114 years old. The property's lot size has been calculated to be 10,725 square feet. The linear feet between the front and back of the lot was measured at 165 ft and the front of the lot was measured at 65 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a a-frame style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 9 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 322 8th Street Northwest has a total of 2,052 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

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. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. The garage on the property is 576 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a unknown and a patio so you'll have great options in both the front and back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is good. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The building has a hip style roof that was made of asphalt. Lots of metal were used in the construction of the exterior walls of the home. While the walls in the interior have been made of plaster. As for flooring, was the material of choice during construction. Residents rely on no air conditioning for their cooling system. The home's a heating system is the primary heating source. 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, 322 8th Street Northwest was last sold in Mar 18, 2022 for $3,000. According to our calculations, that's $1.46 per sqft. Prior to that sales transaction, the property was sold for $240,000 in Mar 16, 2022. Current property owners are expected to pay $2,782 in taxes per year. The property on 322 8th Street Northwest was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $242,000. To break that down further, the land itself was valued at $43,900. While improvements to the property were assessed at a total of $198,100. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 1
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Good
  • Construction Type: Frame
  • Building Style: A-frame
  • Exterior Walls Type: Metal
  • Interior Walls Type: Plaster
  • Roof Shape Type: Hip
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Floor Cover: Wood
  • Basement Type: Unspecified basement
  • Basement Area: 1,026
  • Parking Type: Attached
  • Garage Type: Detached
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 10,725
  • Lot Size Depth Feet: 165
  • Lot Size Frontage Feet: 65
  • Total Building Area: 2,052
  • Building Area: 2,052
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,052
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PAQUINS 2ND ADD
  • Land Acres: 0.246
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 10 BLOCK 9 OF PAQUINS 2ND ADD PAQUINS 2ND L10 & W10FT L11 B9

Ownership

  • Current Owner : SCHELL CHRISTOPHER ID
  • Current Owner 2: SCHELL MIAO
  • Previous Owner : SCHELL CHRISTOPHER D
  • Previous Owner 2: MIAO M
  • Owner Before Previous Owner: DOUGLAS SMITH
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Faribault Public School District
  • School Tax School District: 656
  • School Tax District Code 2: FARIBO
  • Census Tract: 070901

Geography

  • Parcel: 18.30.3.75.054
  • Block: 9
  • Lot: 10
  • Municipality: CITY OF FARIBAULT
  • Latitude: 44.2994
  • Longitude: -93.2742

    Address

  • Full Address: 322 8th St Nw
  • Address - House Number: 322
  • Street Segment Direction: NW
  • Address - Street Name: 8th
  • Address - Suffix Type: St
  • State: MN
  • City Name: Faribault
  • Carrier Code: C005
  • 4-Digit Zip Code: 4245
  • Zip Code: 55021

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $2,782
  • Tax Rate Code Area: FARIBO-SD6

    Appraisal Valuation

  • Standard Deviation: 0.191
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 278,913
  • High Value: 332,205
  • Low Value: 225,621

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $456,000
  • First Open Lien Mortgage Lender: CROSSCOUNTRY MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Mar 21, 2022
  • First Open Lien Mortgage Loan Amount: $228,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2052
  • Second Open Lien Mortgage Recording Date: Mar 18, 2022
  • Second Open Lien Mortgage Loan Amount: $228,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Mar 18, 2052

    Market Valuation

  • Market Total Value: $242,000
  • Market Land Value: $43,900
  • Market Improvement Value: $198,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $242,000
  • Assessed Land Value: $43,900
  • Assessed Improvements Value: $198,100

    Sales

  • Current Sale Contract Date: Mar 18, 2022
  • Current Sale Recording Date: Mar 21, 2022
  • Current Sale Transaction ID: 11883141131
  • Current Sale Price: $3,000
  • Current Sale Document Type: Quit Claim Deed
  • Current Sale Input Document Number: 750063
  • Previous Sale Recording Date: Mar 21, 2022
  • Previous Sale Contract Date: Mar 16, 2022
  • Previous Sale Amount: $240,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: CROSSCOUNTRY MORTGAGE LLC
  • Previous Mortgage Transaction Date: Mar 21, 2022
  • Previous Mortgage Loan Amount: $228,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Apr 01, 2052

About Faribault



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Frequently Asked Questions

What neighborhood is 322 8th Street Northwest located in?
The 322 8th Street Northwest is a located in the neighborhood of Faribault in Faribault, Faribault.
What is the average sales price for listings in 322 8th Street Northwest?
The average sales price for units in 322 8th Street Northwest is $0 currently.

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