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6490 Fairfax Way

6490 Fairfax Way, Faribault, MN 55021
Property in Forest
Sold Sep 06, 2018
$455,000
$300,000 by Wells Fargo Bank
Mortgage Due Feb 01, 2052
Sold Feb 26, 2015
$349,900
$314,900
Mortgage
6490 Fairfax Way has been categorized by the local assessors in Faribault, MN as a residential type of property. The building on the property was first built in 1999 and is 25 years old. The home has a total of 11 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 4 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 6490 Fairfax Way has 2,019 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 295 ft and across the front of the lot is 80 ft. The area measurement of the land has been determined as 24,418 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a a-frame style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 624 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying both a unknown and a patio. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. The building has a hip style roof made of asphalt. The exterior walls of the building are made of stucco. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heating system. There is a single fireplace in the home. Perfect for those wintery nights. The property was last sold in Aug 31, 2018 for $455,000. That's $225.36 per sqft. Prior to that sales transaction, the property was also sold in Feb 26, 2015 for $349,900. 6490 Fairfax Way was last assessed in 2023. The total value of the property was assessed at $648,200. Specifically, the land the property is located on was valued at $99,800. While improvements on the property were assessed at a total of $548,400. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $5,206. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Total Rooms: 11
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 2
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: Average
  • Construction Type: Frame
  • Building Style: A-frame
  • Exterior Walls Type: Stucco
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Hip
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Floor Cover: Tile
  • Basement Type: Unspecified basement
  • Basement Area: 2,019
  • Parking Type: Attached
  • Garage Type: Attached
  • Garage Square Area: 624
  • Parking Space Count: 2
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 24,418
  • Lot Size Depth Feet: 295
  • Lot Size Frontage Feet: 80
  • Total Building Area: 2,019
  • Building Area: 2,019
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 2,019
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: JEN-WAYNE DELLS 1ST ADD
  • Land Acres: 0.561
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 25 BLOCK 1 OF JEN-WAYNE DELLS 1ST ADD

Ownership

  • Current Owner : LAKE DOUGLAS
  • Current Owner 2: LAKE BETTY JEAN
  • Previous Owner : SIMANOVSKI ALLEN H
  • Previous Owner 2: SIMANOVSKI LINDA C
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Faribault Public School District
  • School Tax School District: 656
  • School Tax District Code 2: FOREST
  • School Tax District Code 3: 1
  • Census Tract: 070200

Geography

  • Parcel: 06.31.4.26.026
  • Block: 1
  • Lot: 25
  • Municipality: TOWN OF FOREST
  • Latitude: 44.3733
  • Longitude: -93.3913

    Address

  • Full Address: 6490 Fairfax Way
  • Address - House Number: 6490
  • Address - Street Name: Fairfax
  • Address - Suffix Type: Way
  • State: MN
  • City Name: Faribault
  • Carrier Code: R005
  • 4-Digit Zip Code: 8397
  • Zip Code: 55021

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $5,206
  • Tax Rate Code Area: FOREST-SD6

    Appraisal Valuation

  • Standard Deviation: 0.1507
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 81
  • Final Value: 715,873
  • High Value: 823,757
  • Low Value: 607,989

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $300,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK
  • First Open Lien Mortgage Recording Date: Jan 14, 2022
  • First Open Lien Mortgage Loan Amount: $300,000
  • 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: Feb 01, 2052

    Market Valuation

  • Market Total Value: $648,200
  • Market Land Value: $99,800
  • Market Improvement Value: $548,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $648,200
  • Assessed Land Value: $99,800
  • Assessed Improvements Value: $548,400

    Sales

  • Current Sale Contract Date: Aug 31, 2018
  • Current Sale Recording Date: Sep 06, 2018
  • Current Sale Transaction ID: 11506442459
  • Current Sale Price: $455,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: T56455
  • Previous Sale Recording Date: Feb 26, 2015
  • Previous Sale Contract Date: Feb 26, 2015
  • Previous Sale Amount: $349,900
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: USAA FSB
  • First Mortgage Transaction Date: Sep 06, 2018
  • First Mortgage Loan Amount: $307,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2048

    Previous Mortgages

  • Previous Mortgage Transaction Date: Feb 26, 2015
  • Previous Mortgage Loan Amount: $314,900

About Rice



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Frequently Asked Questions

What neighborhood is 6490 Fairfax Way located in?
The 6490 Fairfax Way is a located in the neighborhood of Forest in Rice, Faribault.
What is the average sales price for listings in 6490 Fairfax Way?
The average sales price for units in 6490 Fairfax Way is $0 currently.

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