227 3rd Avenue SW - Photo 1
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227 3rd Avenue SW
227 3rd Avenue SW
227 3rd Avenue SW
227 3rd Avenue SW
227 3rd Avenue SW

227 3rd Avenue SW, Faribault, MN 55021 - MLS# 7139237

MLS® #: 7139237|Days on Market: 50|Listed: Sep 8, 2026

$309,900

$325,000↓ 4.6%
Bedrooms
5
Bathrooms
2
Square Feet
1,438
Acres
0.227
Year Built
1900
Property Type
Residential
Heating
Natural Gas, Forced Air
Cooling
Ceiling Fan(s), Central Air
Garages
2.5
Days on Market
50
School District
656 - Faribault

Experience the joy of ownership in this exceptional home that truly stands out! Nestled in a coveted area of Faribault, this stunning 4-bedroom, 2-bathroom residence comes complete with an oversized two-and-a-half-car garage, providing both space and convenience. This is the home you’ve been waiting for! As you approach, you’ll immediately be captivated by the meticulously landscaped corner lot, which invites you in with its vibrant flowers and lush greenery. Step inside to discover a modern kitchen that has been thoughtfully updated, featuring sleek newer appliances, abundant counter space, and ample cabinetry. This inviting kitchen is perfect for preparing delicious family meals and will surely be the heart of your home. It seamlessly flows into a charming formal dining area bathed in natural light, highlighting the exquisite woodwork that adds warmth and character throughout the space. The expansive living room serves as an ideal backdrop for cozy movie nights, spirited game day gatherings, or simply enjoying heartfelt conversations with loved ones. Additionally, the main floor boasts a versatile bedroom that can serve as a guest room or a productive home office, catering to your lifestyle needs. Conveniently located, the spacious main floor bathroom includes a laundry area, making day-to-day tasks a breeze. Venture upstairs to find four bedrooms located on a single level, including a primary bedroom that features stylish built-in concrete nightstands for added charm. Another full bathroom is conveniently located on this level. This thoughtful layout provides plenty of space for family and guests alike. The exterior of the home is equally impressive, showcasing newly updated siding, a durable roof, and protective overhangs that ensure a low-maintenance lifestyle. The sizable yard and two decks beckon for gatherings, whether you're enjoying lawn games with family and friends, cultivating a thriving vegetable or flower garden, or welcoming a furry friend into your home. The brand-new air conditioning unit and the owned water softener make for a comfortable living experience. The oversized garage is a creative enthusiast's dream, offering ample room to tinker, craft, and organize. The home is conveniently located near school, shopping, and parks. Most of the appliances, mechanicals, and large-ticket items have been updated in the last five years. This remarkable home is truly a must-see, so don’t miss your chance to explore it today!

227 3rd Avenue SW, Faribault, MN 55021

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Interior Information

BasementPartial, Storage Space
AppliancesDishwasher, Dryer, Microwave, Range, Refrigerator, Washer
CoolingCentral Air
HeatingForced Air
FuelNatural Gas
LaundryLaundry Room, Main Level
Dining RoomKitchen/Dining Room, Living/Dining Room, Separate/Formal Dining Room
Interior AmenitiesCeiling Fan(s), Deck, Kitchen Window, Natural Woodwork

Size & Levels

LevelsTwo
Total Finished Sq Ft1,854 sq ft
Above Grade Finished1,438 sq ft
Main Level Finished832 sq ft

Bathrooms

Full Baths2
Bathroom DetailsMain Floor Full Bath, Upper Level Full Bath

Rooms

Main Level Rooms

Living Room13' x 17'
Dining Room13'5" x 13'5"
Kitchen9'5" x 12'
Bedroom7'5" x 11'5"
Laundry8'5" x 11'5"
Deck12' x 13'
Deck7' x 14'

Upper Level Rooms

Bedroom 213' x 13'
Bedroom 39'5" x 11'5"
Bedroom 410' x 13'
Bedroom 510' x 12'

Lower Level Rooms

Storage-
Utility Room-

Exterior & Parking

ExteriorVinyl
RoofAge 8 Years or Less, Asphalt, Pitched
FoundationCombination
Patio / PorchDeck
Garage Stalls2.5
ParkingDetached Garage, Concrete, Garage Door Opener, Storage

Lot & Utilities

Property SubtypeSingle Family
Lot Size0.227 acres
Lot Dimensions99x100
Lot DescriptionCorner Lot
ZoningResidential-Single Family
SubdivisionSouthern Add
TownshipFaribault
CountyRice
SewerCity Sewer/Connected
WaterCity Water/Connected
Road FrontageCity Street, Curbs, Sidewalks

Financial & Tax Information

Annual Taxes$2,551
Tax Year2026
Tax w/ Assessments$2,714
Parcel Number1831426035
List TypeExclusive Right To Sell

Location

Call 612-356-2121For Showings and Questions

Neighborhood at a Glance

In this neighborhood, homes were most commonly built in 1960-1969, about 77% of occupied homes are owner-occupied, and the average commute is 25 minutes.

Cost of Ownership

Median home value

$233,000

Similar to the Faribault median

The midpoint of estimated values for owner-occupied homes.

Median property taxes paid

$2,240/yr

Similar to the Faribault median

The midpoint of annual property taxes paid by homeowners.

Typical monthly owner costs (with mortgage)

$1,509/mo

Similar to the Faribault median

Median monthly housing costs for owners with a mortgage.

Typical monthly owner costs (no mortgage)

$619/mo

Higher than the Faribault median

Median monthly housing costs for owners without a mortgage.

Median rent

$1,250/mo

Higher than the Faribault median

The midpoint of monthly gross rent, including utilities.

Homes in the Area

Owner-occupied homes

77%

Higher than Faribault overall

The share of occupied homes lived in by their owners.

Median year built

1958

Similar to 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.

  • 1970-197912%
  • 1960-196923%
  • 1950-195916%
  • 1940-194916%
  • 1939 or earlier21%

Types of homes

The share of housing units in each building type.

  • Single-family detached88%

Getting Around

Average commute

25 min

Higher than 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%
  • Carpool15%
  • Work from home7%

Homes with broadband

95%

Higher than Faribault overall

The share of households with a broadband internet subscription.

Estimates for the surrounding census tract, not this specific home.

Source: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Schools

Broker Reciprocity logo
Listed by: Weichert, REALTORS- Heartland
Source: NorthstarMLS

Copyright 2026 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Pederson Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.