$255,320 EMV

3 Beds   1 Bath   1,500 Sq. Ft.
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7th Ave Sw
Faribault, MN 55021


This is located at 7th Ave Sw, Faribault, MN 55021. This listing is NOT an active listing. Updates to this listing have stopped. This listing may be off the market. No further information is available at this time. It has 3 Beds, 1 Bath , 1,500 sqft of living space.
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Status: Inactive
Listing ID: 59672165
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Learn about 7th Ave Sw in Faribault, MN

This property is available as a preforeclosure at 7th Ave Sw. It has 3 bedrooms, 1 bathrooms, and 1,500 square feet of living space. Based on our analysis of the current market conditions in Faribault for 7th Ave Sw and comparable listings, the estimated market value is $255,320. If purchased for rental purposes, the monthly rental rate could range between $1,281 and $1,560. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at 7th Ave Sw are updated daily along with others in Faribault, Minnesota.

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Property Information

  • Bedrooms: 3
  • Bathrooms: 1
  • Living Area Size: 1,500
  • Year Built: 1952
  • Source ID: 21862739
  • Day(s) On Site: 54
  • Subdivision: SOUTHERN HEIGHTS
  • Parcel Number: 1806226159
  • Defendant Name: JONATHON C SHERIDAN
  • Trustee Name: TROTT LAW PC
  • Trustee Address: 25 DALE STREET NORTH
  • Trustee City: SAINT PAUL
  • Trustee State: MN
  • Trustee Zip: 55102
  • Trustee Phone: (651) 209-9760
  • Trustee Reference Number: 15-1095-FC04
  • Deed Category: NFS

Public Records

  • Bedrooms: 3
  • Baths: 1
  • Full Baths: 1
  • Rooms: 8
  • No. of Stories: 1
  • Parking Sqft: 576
  • Air Conditioning: YES
  • Exterior Wall Type: STEEL
  • Foundation Type: STEEL
  • Roof Material: ASPHALT
  • Land Area Sqft: 7,051
  • Year Built: 1952
  • APN:
  • Property Type: Single Family Residence
  • Township: FARIBAULT
  • Front Footage: 50
  • Depth Footage: 141
  • Living Sqft: 1,500
  • Subdivision: SOUTHERN HEIGHTS


Often, the preforeclosure period is the best time to purchase a property. The process begins when a lender first notifies a borrower that his or her loan payments are behind. If a borrower has no other means to bring the payments up to date, he or she is far better served to sell the property as soon as possible before it falls into foreclosure.

First Steps to Buying a Preforeclosure

Preforeclosure status means the owner of the property has defaulted on his mortgage obligation and the lender is taking steps to foreclose on the loan and take possession of the property. This situation places the property owner and the lender in a disadvantaged position. But it may not be too late for the property owner to work things out with his lender.  At the same time the lender may be interested in allowing a short sale (sale of the property for less than the amount owed) just to avoid the costly process of foreclosure on the loan, and then the expense of marketing the property. That leaves open the opportunity for a real estate investor to come in and solve the problem for both parties.


Auction Information

  • Auction Date: 03-22-2023
  • Auction Time: 10:00 AM
  • Auction Address: 118 NW 3RD ST
  • Auction City: FARIBAULT
  • Auction Zip: 55021

Loan Information

  • 1st Mortgage Date: 04-17-2013

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Rental Value

The estimated rental value for 7th Ave Sw located in Faribault, MN is $1,420/month. Comparable homes around 7th Ave Sw that are rentals have monthly ranges starting as low as $1,281 per month and as high as $1,560 per month. An owner looking to use this property as an investment could bring a return in the area of $1,281 - $1,560 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.


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Homes On This Street
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7th Ave Sw
Faribault, MN 55021

3 Beds   1 Bath   1,500 sq. ft.

$255,320 EMV

Status: Inactive Listing ID: 59672165

Property Information

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Public Records

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Property Description

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