4050 Wells Lake Ct
Faribault, MN 55021
4 bd 3 ba 2,545 sqft Built 2002 Lot 30,797 sqft single_family
Most recent sale
$610,000
Jul 12, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jul 12, 2022 | Sold | $610,000 | MLS #6197974 |
| May 25, 2022 | Listed | $610,000 | MLS #6197974 |
| Jul 2, 2018 | Sold | $400,000 | Public Record |
| Jul 31, 2015 | Sold | $260,000 | Public Record |
| Jun 17, 2015 | Sold | $260,000 | Public Record |
| Sep 22, 2011 | Sold | $221,900 | MLS #4026890 |
| Apr 22, 2011 | Price changed | $299,900 | MLS #4026890 |
| Mar 24, 2011 | Listed | $310,000 | MLS #4026890 |
| Sep 9, 2009 | Listing removed | $415,000 | NorthstarMLS |
| Apr 18, 2009 | Price changed | $415,000 | MLS #3604611 |
| Apr 4, 2009 | Price changed | $425,000 | MLS #3604611 |
| Oct 1, 2008 | Listed | $475,000 | MLS #3604611 |
| Oct 3, 2006 | Sold | $550,000 | Public Record |
| Jan 21, 2003 | Sold | $70,000 | Public Record |
| Oct 9, 2001 | Sold | $70,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $489,600 | $116,100 | $605,700 | $4,768 |
| 2023 | $384,400 | $102,200 | $486,600 | $3,798 |
| 2022 | $337,400 | $98,100 | $435,500 | $3,654 |
| 2021 | $325,900 | $98,100 | $424,000 | $3,532 |
| 2020 | $325,900 | $98,100 | $424,000 | $3,316 |
| 2019 | $320,000 | $98,100 | $418,100 | $3,068 |
| 2018 | — | — | $379,400 | $3,064 |
| 2017 | $277,800 | $98,100 | $375,900 | $3,278 |
| 2016 | $260,900 | $98,100 | $359,000 | $3,388 |
| 2015 | $261,300 | $98,100 | $359,400 | $3,140 |
| 2014 | $264,000 | $98,100 | $362,100 | $3,612 |
| 2013 | $263,900 | $98,100 | $362,000 | $3,296 |
| 2012 | $263,900 | $98,100 | $362,000 | $3,096 |
| 2011 | $273,100 | $109,600 | $382,700 | $3,450 |
| 2010 | — | — | $464,600 | $3,458 |
| 2009 | $387,700 | $121,200 | $508,900 | $3,328 |
| 2006 | — | — | $431,200 | $3,156 |
Property facts
Year built
2002
Property type
single_family
Stories
2
Beds
4
Baths
3
Living area
2,545 sqft
Lot size
30,797 sqft
ZIP code
55021
City
Faribault
Street
Wells Lake Ct
Coordinates
44.29479, -93.34514
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$3,818
Gross rental yield
7.51%
Implied cap rate
4.88%
Trend-extrapolated value
—
Frequently asked questions
When did 4050 Wells Lake Ct last sell?
4050 Wells Lake Ct most recently sold on Jul 12, 2022 for $610,000.
What is the current tax assessment for 4050 Wells Lake Ct?
The most recent total assessment for 4050 Wells Lake Ct (year 2025) is $605,700 with $4,768 in property tax.
How does 4050 Wells Lake Ct's assessment compare to its last sale price?
The current assessment is 0.7% below the last sale price of $610,000.
When was 4050 Wells Lake Ct built?
4050 Wells Lake Ct was built in 2002.
How does 4050 Wells Lake Ct compare to others on Wells Lake Ct?
We track 8 other properties on Wells Lake Ct. Browse the list under "Other properties on Wells Lake Ct" to compare beds, baths, and sale history.
What are the property facts for 4050 Wells Lake Ct?
4050 Wells Lake Ct is a 4 bed, 3 bath, 2,545 sqft, 30,797 sqft lot single_family.
Is 4050 Wells Lake Ct a flip candidate?
No — 4050 Wells Lake Ct does not appear in our flips dataset.
Is 4050 Wells Lake Ct a tax-appeal candidate?
No — 4050 Wells Lake Ct is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+0.9%
Implied 1-yr
+3.6%
2026 Q3
$338.9K
2026 Q4
$341.8K
ZIP 55021 — Median Price History + Forecast
Explore nearby
Geography
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