506 Chestnut Ln, Faribault, MN 55021 Property Records

Rice County property record for 506 Chestnut Ln, Faribault, MN 55021

Property Summary

Property Type	Single Family Home
Details	6 bd · 3 ba · 1,788 sqft · built 2020
Lot Size	0.653 acres (28,466 sqft)
Owner	2 Individual Names on File
Last Sale	$64,000 (May 2019)
Tax Bill	$7,446 (2026)
Deeds & Mortgages	Jul 2020 Loan Modification Oct 2019 Construction Loan
Flood Zone	Zone X (minimal risk)
APN	`18.19.2.01.020`

Property Details

APN / Parcel Number

Primary APN	`18.19.2.01.020`

Interior

Bedrooms	6 Beds
Full Baths	3 Baths
Half Baths	2 Half Baths
Plumbing Fixtures	11 Plumbing Fixtures
Total Rooms	10 Rooms
Stories	1 Story
Building Area	1,788 sqft Living Area
1st Floor Area	1,788 sqft
Basement Area	1,788 sqft
Finished Basement	1,398 sqft
Unfinished Basement	390 sqft
Flooring	Carpet
Interior Walls	Wallboard/Drywall

Exterior

Year Built	Built 2020
Effective Year Built	Effective 2020
Architectural Style	A-Frame
Exterior Material	Composition/Composite
Construction Type	Frame
Roof Type	Gable
Roof Material	Asphalt
Lot Area	28,466 sqft (0.653 acres)
Lot Dimensions	240 ft deep x 113 ft wide
Garage Type	Attached
Garage Area	1,032 sqft
Driveway	Concrete Driveway
Porch	Patio
Deck Area	264 sqft
Patio Area	264 sqft

Utilities, Heating & Cooling

Cooling System	HVAC
Heating System	HVAC

Location & Zoning

Street Address	506 CHESTNUT LN
City	FARIBAULT
State	MN
Zip	55021-8929
Property Category	Residential
Property Type	Residential > Single Family > Home
Legal Description	LOT 4 BLOCK 1 OF WOODHAVEN ADD
Legal Subdivision	WOODHAVEN ADD
Legal Block	1
Legal Lot Number	4
Jurisdiction	RICE MN
Township / Civil Division	FARIBAULT
Census Block Group	3
Census Block	3038
Census Tract	70400

Owner

506 Chestnut Ln is owned and occupied by two individuals who bought it in May 2019.

Source: Rice County records, as of June 8, 2026

Owner of Record	2 Individual Names on File
Mailing Address	506 CHESTNUT LN, FARIBAULT, MN 55021-8929
Occupancy	Owner Occupied
Owner Type	Individual

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Date	Document
Jul 27, 2020	Loan Modification, Mortgage STATE BK/FARIBAULT
Oct 11, 2019	Deed of Trust, Construction Loan · Construction Mortgage STATE BK/FARIBAULT

Assessor's Deed Record

Deed Names	2 Names on Deed
Last Sale	May 22, 2019 · Amount on File
Deed Sale	May 22, 2019 · Amount on File
Deed Document Number	2019716186
Record Updated	Sep 20, 2026

July 2020: Loan Modification, Mortgage

Document Type	Loan Modification
Jurisdiction	RICE MN
Property Address	506 CHESTNUT LN, FARIBAULT, MN 55021-8929
Document Number	0000729078
Instrument Date	Jul 27, 2020
Transaction Type	Mortgage
Record Updated	Sep 9, 2020
Title Company	NOT AVAILABLE

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Married Couple
Address	506 CHESTNUT LN FARIBAULT MN 550218929, FARIBAULT, MN 55021-8929

Mortgage

Document Number	0000729078
Date	Aug 11, 2020
Instrument	729078

Lender

Name	STATE BK/FARIBAULT
Type	Bank
Address	FARIBAULT, MN 55021

Agreement

Amount	Amount on Record
Term	360 Months
Due	Aug 10, 2050

Interest

Rate Type	Fixed Rate
Rate	2.75%

October 2019: Deed of Trust, Construction Loan

Document Type	Deed of Trust
Jurisdiction	RICE MN
Recording Date	Oct 11, 2019
Property Address	506 CHESTNUT LN, FARIBAULT, MN 55021-8929
Document Number	0000720404
Instrument Date	Oct 11, 2019
Instrument	720404
Transaction Type	Construction Loan
Record Updated	Sep 9, 2020
Title Company	NOT AVAILABLE

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Married Couple
Address	506 CHESTNUT LN FARIBAULT MN 550218929, FARIBAULT, MN 55021-8929

Mortgage

Document Number	0000720404
Date	Oct 11, 2019
Instrument	720404

Lender

Name	STATE BK/FARIBAULT
Type	Bank
Address	FARIBAULT, MN 55021

Agreement

Type	Construction Mortgage
Amount	Amount on Record
Term	12 Months
Due	Oct 10, 2020

Tax Assessment & Valuation

The 2026 property tax bill for 506 Chestnut Ln was $7,446.

Source: Rice County assessment roll, as of June 8, 2026

Property Jurisdictions

Type	Name
State	Minnesota
County	Rice County
Municipality	Faribault City
Unified School District	Faribault Public School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026	$7,446.00	$593,000 (+0.54%) Land $126,000 Building $467,000	$593,000 (+0.54%) Land $126,000 Building $467,000
2025		$589,800 (+8.4%) Land $125,900 Building $463,900	$589,800 (+8.4%) Land $125,900 Building $463,900
2024	$6,482.00 (+1,156.2%)	$544,100 (-) Land $120,500 Building $423,600	$544,100 (-) Land $120,500 Building $423,600
2023	$516.00	$544,100 Land $120,500 Building $423,600	$544,100 Land $120,500 Building $423,600

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

FEMA maps place 506 Chestnut Ln in Zone X, an area of minimal flood risk.

Source: FEMA National Flood Hazard Layer, effective April 14, 2022

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it

Values are read at the parcel center point; lenders make the official flood determination.

Wildfire

Wildfire risk around 506 Chestnut Ln is low, with a 0.02% annual chance of wildfire.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 80% of the US · lower than 60% of Minnesota
Wildfire Likelihood	0.02% annual chance
Exposure	Direct burnable vegetation

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	Faribault serves 23,718 people · EPA ID MN1660002
Water Source	Groundwater
Last State Inspection	Nov 2025
Lead	19 ppb (2024–2026) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes. This system sells water to local utilities; the supplier billing this address may be one of them.

Internet Providers

Source: FCC Broadband Data Collection, based on 167 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Metronet Fiber	5,120 / 5,120
Spectrum Cable	1,000 / 1,000
GigFire Fixed Wireless	150 / 130

May also be available: Verizon.

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