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Single Family ResidenceResidential
$497,354$278 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 91How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Aug 30, 2026
Last sold for $64,000 on May 22, 2019

506 CHESTNUT LN

FARIBAULT, MN 55021
6
Beds
3 / 2
Baths
1,788 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.65 ac
Lot SizeThe size of the land the home sits on, from county records.
2020
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
10
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.

Valuation

$497K
$454K low$541K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$64,000 · May 22, 2019

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$7,446 (2026)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$593,000 (2026)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$126,000
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$467,000
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$589,800
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$593,000

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
StyleThe architectural style of the home, such as ranch or colonial.A-Frame
CountyRICE
Lot (acres)The size of the land the home sits on, from county records.0.65
ConstructionThe main material the home's frame and walls are built from.Frame (Unspecified)
RoofThe main material covering the roof, such as asphalt shingle or tile.Asphalt
HeatingThe type of heating system in the home.Yes
CoolingThe type of cooling or air conditioning in the home.Yes
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Attached
PoolWhether the property has a pool, and what kind, such as in-ground.No
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Deck · 264 ft²Patio · 264 ft²

Transaction History(2)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Roosevelt Elementary SchoolB+
Elementary · Grades KG–5 · 2.2 mi
H
Faribault High SchoolC
High · Grades 9–12 · 2.7 mi
M
Faribault Middle SchoolD
Middle · Grades 6–8 · 3.8 mi

District: Faribault Public School District

Neighborhood · ZIP 55021These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.106
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.82
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.11

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.94%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.16%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.10%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.0.9%
PopulationHow many people live in this area.31,482
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.164 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$67,981
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$90,459
Average tempThe average temperature here across a full year.45°F
Annual precipHow much rain and melted snow falls here in a typical year.32 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.58%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

506 Chestnut Ln measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth more than 90% of homes in Faribault 55021
  • Costs more per square foot than 86% of homes in Faribault 55021
  • Bigger than 78% of homes in Faribault 55021
  • Has a bigger lot than 70% of homes in Faribault 55021
  • Newer than 97% of homes in Faribault 55021

What homes are worth in Faribault 55021

Each bar is how many homes fall in that price range. The marker is this home.

This home
$100K$713K

This home is worth more than 90% of homes in Faribault 55021.

How it measures up in Faribault 55021

The dot is this home. The mark in the middle is the typical home in Faribault 55021.

Estimated value$497,354
CheaperTypical $246,632Pricier

Pricier than 90% of homes nearby

Price per ft²$278
CheaperTypical $180Pricier

Pricier than 86% of homes nearby

Living area1,788 ft²
SmallerTypical 1,350 ft²Bigger

Bigger than 78% of homes nearby

Lot size0.65 ac
SmallerTypical 0.3 acBigger

Bigger than 70% of homes nearby

Year built2020
OlderTypical 1972Newer

Newer than 97% of homes nearby

How 506 Chestnut Ln ranks against every home in each area.
MeasureThis homeFaribault 55021Rice County
Estimated valuepricier than$497,35490% of homes86% of homes
Price per ft²pricier than$27886% of homes83% of homes
Living areabigger than1,788 ft²78% of homes73% of homes
Lot sizebigger than0.65 ac70% of homes65% of homes
Year builtnewer than202097% of homes97% of homes

About 506 Chestnut Ln

How much is 506 Chestnut Ln, Faribault, MN worth?

The TopHap Estimate for 506 Chestnut Ln, Faribault, MN is $497,354 as of Aug 30, 2026. The likely range is $453,744 to $540,964. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 506 Chestnut Ln, Faribault, MN last sell?

506 Chestnut Ln, Faribault, MN last sold on May 22, 2019 for $64,000, according to the county's recorded deed.

How big is 506 Chestnut Ln, Faribault, MN?

506 Chestnut Ln, Faribault, MN has 6 bedrooms, 3 bathrooms, 1,788 square feet of living space and a 0.65-acre lot.

When was 506 Chestnut Ln, Faribault, MN built?

506 Chestnut Ln, Faribault, MN was built in 2020, making it 6 years old. It is a a-frame home. The building has 1 story.

What schools serve 506 Chestnut Ln, Faribault, MN?

506 Chestnut Ln, Faribault, MN is assigned to Roosevelt Elementary School (elementary), rated B+; Faribault High School (high), rated C; Faribault Middle School (middle), rated D. All sit in Faribault Public School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 506 Chestnut Ln, Faribault, MN compare to other homes in Faribault 55021?

Among the 11,106 homes in Faribault 55021, it is worth more than 90% of them ($497,354 against a typical $246,632), its price per square foot is higher than 86% of them ($278 against a typical $180), it is bigger than 78% of them (1,788 ft² against a typical 1,350 ft²), its lot is bigger than 70% of them (0.65 ac against a typical 0.3 ac) and it is newer than 97% of them (2020 against a typical 1972). Measured against all of Rice County, it is worth more than 86% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 506 Chestnut Ln, Faribault, MN?

The 2026 property tax bill for 506 Chestnut Ln, Faribault, MN was $7,446. The county assessed it at $593,000.

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