7168 240th St E, Faribault, MN 55021 Property Records

Rice County property record for 7168 240th St E, Faribault, MN 55021

Property Summary

Property Type	Single Family Home
Details	3 bd · 1.5 ba · 1,516 sqft · built 1890
Lot Size	5 acres (217,800 sqft)
Owner	2 Individual Names on Record
Last Sale	$200,000 (Jun 2009)
Tax Bill	$2,258 (2026)
Deeds & Mortgages	Jun 2019 Line of Credit
Flood Zone	Zone X (minimal risk)
APN	`16.18.3.50.001`

Property Details

APN / Parcel Number

Primary APN	`16.18.3.50.001`

Interior

Bedrooms	3 Beds
Full Baths	1.5 Baths
Half Baths	1 Half Bath
Plumbing Fixtures	5 Plumbing Fixtures
Total Rooms	7 Rooms
Stories	1 Story
Building Area	1,516 sqft Living Area
1st Floor Area	768 sqft
Basement Area	768 sqft
Unfinished Basement	768 sqft
Flooring	Carpet
Interior Walls	Plaster

Exterior

Year Built	Built 1890
Effective Year Built	Effective 1890
Architectural Style	Conventional
Exterior Material	Vinyl
Construction Type	Frame
Roof Type	Gable
Roof Material	Asphalt
Lot Area	217,800 sqft (5 acres)
Garage Type	Mixed
Garage Area	2,268 sqft
Driveway	Gravel Driveway
Parking Spaces	8 Parking Spaces
Porch	Slab
Porch Area	48 sqft

Utilities, Heating & Cooling

Cooling System	HVAC
Heating System	HVAC

Location & Zoning

Street Address	7168 240TH ST E
City	FARIBAULT
State	MN
Zip	55021-8312
Property Category	Residential
Property Type	Residential > Single Family > Home
Legal Description	PART SW4 BAP S LI SW4 516.23FT ELY FR SW COR SW4 TH CONTINUE ALG S LI 427.06FT TH NLY @ RA TO S LI 510FT TH WLY P/W S LI
Legal Range	019
Legal Township	109
Legal Section	18
Jurisdiction	RICE MN
Township / Civil Division	RICHLAND
Census Block Group	2
Census Block	2078
Census Tract	70400

Owner

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

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

Owner of Record	2 Individual Names on Record
Mailing Address	24310 GATES AVE, FARIBAULT, MN 55021-8297
Owner Type	Individual

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	2 Names on Deed
Last Sale	Jun 29, 2009 · Amount on Record
Deed Sale	Jun 29, 2009 · Amount on Record
Deed Document Number	2009999999
Record Updated	Sep 20, 2026

June 2019: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	RICE MN
Property Address	7168 240TH ST E, FARIBAULT, MN 55021-8312
Document Number	0000717652
Instrument Date	Jun 28, 2019
Transaction Type	Mortgage
Record Updated	Jul 25, 2019
Title Company	NOT AVAILABLE

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Married Couple
Address	24310 GATES AVE FARIBAULT MN 550218297, FARIBAULT, MN 55021-8297

Mortgage

Document Number	0000717652
Date	Jul 15, 2019
Instrument	717652

Lender

Name	RELIANCE BK
Type	Bank
Address	FARIBAULT, MN 55021

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	120 Months
Due	Jul 14, 2029

Interest

Rate Type	Adjustable Rate

Tax Assessment & Valuation

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

Property Jurisdictions

Type	Name
State	Minnesota
County	Rice County
County Subdivision	Richland Township
Unified School District	Faribault Public School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026	$2,258.00 (+21.92%)	$305,900 (+3.69%) Land $130,000 Building $175,900	$305,900 (+3.69%) Land $130,000 Building $175,900
2025		$295,000 (+20.65%) Land $121,000 Building $174,000	$295,000 (+20.65%) Land $121,000 Building $174,000
2024	$1,852.00 (+19.64%)	$244,500 (-) Land $106,000 Building $138,500	$244,500 (-) Land $106,000 Building $138,500
2023	$1,548.00	$244,500 Land $106,000 Building $138,500	$244,500 Land $106,000 Building $138,500

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

Flood

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

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

Wildfire Risk	Not rated no burnable land within ember reach

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

Internet Providers

Source: FCC Broadband Data Collection, based on 2 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Starlink Satellite	280 / 30
GigFire Fixed Wireless	150 / 130
Minnesota WiFi Fixed Wireless	150 / 30
Midco Fixed Wireless	100 / 20
Krms Products Fixed Wireless	52 / 27
AT&T Fixed Wireless	25 / 3