Lori Gustafson

504 7th Street Nw

Faribault, MN
$ 324,900 Beds 6 Baths 2.5 Sq 4,326
Monthly Estimate* How much can I afford?

Historic Elegance. Timeless Character. One Extraordinary Home. Own a remarkable piece of Faribault history with this magnificent Victorian, iconic “Gallagher Home” designed by longtime Minnesota State Architect C.H. Johnston. Situated on an oversized double corner lot, this stately home offers 6 spacious bedrooms, beautiful historic details, generous living spaces, and a unique 4-stall garage converted from a historic dairy barn. A charming front porch welcomes you into the grand foyer and expansive living area, where gorgeous hardwood floors, exquisite stained-glass windows, a breathtaking fireplace, and incredible original woodwork showcase the craftsmanship of a bygone era. Double pocket doors lead to the elegant formal dining room featuring a stunning built-in hutch, while the adjoining butler’s pantry flows into the beautifully updated kitchen with abundant cabinetry, stainless-steel appliances, and a separate pantry room. The main level also offers a comfortable bedroom, half bath, and wonderful three-season screened porch— perfect for relaxing on warm summer evenings. Upstairs you’ll find 4 generously sized bedrooms, a full bathroom, large laundry room, spacious landing, and charming sleeping porch. Framed reproductions of the home’s original blueprints displayed on the landing provide a fascinating connection to its rich architectural history. The third floor features an additional expansive bedroom plus a versatile bonus room ideal for a home office, playroom, studio, or guest retreat. The lower level adds even more living space with a large family room perfect for movie nights and entertaining, along with three storage rooms and additional laundry hookups. Outside, a lovely rail fence complements the home’s stately character, while the impressive 4-stall garage— converted from a historic dairy barn—offers generous upper-level storage and incredible character of its own. With its brand-new roof, historic architecture, beautiful craftsmanship, spacious double lot, 6 bedrooms, and one-of-a-kind character, this extraordinary property is truly a rare find. Photos simply cannot capture everything this home has to offer. Schedule your private showing today and experience this incredible piece of Faribault history for yourself!

Single Family

  • Price
  • $ 324,900
  • City
  • Faribault
  • Bedrooms
  • 6
  • Full Bathrooms
  • 2
  • County
  • RICE
  • Half Bathrooms
  • 1
  • Area
  • Paquins 2nd Add
  • Lot Size
  • 0.5 Acres
  • Zip
  • 55021
  • Sqr Footage
  • 4,326
  • Year Built
  • 1905
  • Taxes
  • $ 4848
  • Style
  • Single Family
  • MLS#
  • 7144168
Listed By: Weichert, REALTORS- Heartland
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 4326
Sewer City Sewer/Connected
Heating Fireplace(s),Hot Water
Cooling Window Unit(s)
Roof Age 8 Years or Less
Appliances Dishwasher,Dryer,Microwave,Range,Refrigerator,Washer
Garage Spaces 4
Year Built 1905
Levels More Than 2 Stories
Property Subtype Single Family
Tax Year 2026
Accessibility None
County Rice
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Paquins 2nd Add
Full Baths 1
Directions Highway 21 south,left onto 7th Street,Home on the left
City Faribault
High School District Faribault
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 4848
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
Amenities Unit Hardwood Floors,Kitchen Window,Natural Woodwork,Patio,Porch,Washer/Dryer Hookup
PostalCity Faribault

Interior Features

Basement Block,Daylight/Lookout Windows,Finished
Total Fireplaces 2
Fireplace Features Living Room,Primary Bedroom
Basement (Y/N) Yes
Fireplace Y/N Yes
Above Grade Finished Area 2883
Half Baths 1
3/4 Baths 1
Laundry Features Laundry Room,Upper Level
Total Bedrooms 6
Below Grade Finished Area 1443
Total Baths 3
Bath Desc Main Floor 1/2 Bath,Upper Level Full Bath
Dining Room Description Separate/Formal Dining Room
Fuel Natural Gas
Garage Square Feet 988

Exterior Features

Fencing Split Rail
Parking Features Attached Garage,Asphalt,Floor Drain,Garage Door Opener
Lot Features Corner Lot
Water Source City Water/Connected
Lot Size Area 0.5
Building Area Total 4326
Lot Dimensions 132x165
Waterfront Y/N No
Foundation Area 1443
Road Frontage Type City Street,Curbs,Sidewalks,Street Lights
Road Responsibility Public Maintained Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Faribault, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
Agent Photo

Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

9/16/2026 Listed $324,900

Property vs Zip Code Average in 55021

Price
AVG $430K
$320K
Taxes
AVG $4,815
$4,848
Year Built
AVG 1976
1905
Visits
AVG 113
25
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

504 7th Street Nw Faribault, MN is a Single Family Home for sale at $324900 with 4326 sqft and a lot size of 0.5 Acres Acre(s). 504 7th Street Nw Faribault has 6 bedrooms, 2 baths and was built in 1905. The property's zip code is 55021 which is in Faribault, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Lori Gustafson

Lori Gustafson

Broker Associate/Sales Agent

507-323-4348

By pressing Contact Me, you agree that Weichert® may contact you via phone about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. For any other information please read our Privacy Policy