Sold / Closed
$750,000

Sold price · Closed Aug 5, 2026

$295/sqft

Anderson Sub

5024 Cannon Lake Trail, Faribault, MN, 55021
3  Bedrooms2  Bathrooms2,542  Square Feet0.89  Acres
Days on market51
Year built1987
Garage spaces7
TypeResidential
Est. $19,500buyer credit when you buy with SODL

About this home

Opportunity for Lake living at it’s best! The lot measures .89 acres with 90 ft of boulder walled beach shoreline. Two spacious paver patios with shade trees & beautiful landscaping framing the panoramic views of Cannon Lake. Newly constructed 5 car garage with new concrete driveways to both buildings. Garage shed is insulated, in-floor heat. In ground sprinkler system, new septic &well, shows the high level of care the property owners strive for and expect. The interior has been totally renovated. New windows, doors, kitchen, bedrooms & baths. Plumbing heating & electrical updates throughout. Garage loft is finished with egress windows. Loft measures 60 X 16. That's 960 sq ft of additional living space or storage! Cannon Lake is an active year-round experience, waterfowl, fishing, all forms of watercraft, wind sailing, summer and winter! Float planes touch and go, a splendid event! Dock & lift are included. Put this as a must see!

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Home facts

Property typeResidential
Property subtypeSingle Family
Year built1987
LevelsOne
Living area2,542 sqft
Above-grade finished2,542 sqft
Below-grade finished0 sqft
Lot size0.89 acres (38,704)
Days on market51
ListedMay 4, 2026
MLS #NST7038264
CountyRice
SubdivisionAnderson Sub
Parcel #1405476002

Facts & features

Interior

Bedrooms
3
Bathrooms
2
Bath breakdown
1 full / 1 3/4
Heating
In-Floor Heating
Cooling
Central Air
Appliances
Dishwasher, Exhaust Fan, Gas Water Heater, Microwave, Range, Refrigerator, Washer, Water Softener Owned

Property

Levels / stories
One
Garage
7 spaces · 2,280 sqft
Parking features
Attached Garage, Detached Garage, Concrete, Shared Driveway, Finished Garage, Garage Door Opener, Heated Garage, Insulated Garage
Patio & porch
Patio, Porch
Exterior features
Stone, Wood
Fencing
None

Construction

Property type
Residential
Property subtype
Single Family
Construction materials
Brick
Foundation
Block · 1,582 sqft
Roof
Age 8 Years or Less
Year built
1987

Utilities

Water
Well
Sewer
Mound Septic, Septic System Compliant - Yes
Fuel
Natural Gas
Electric
200+ Amp Service

Community & HOA

Subdivision
Anderson Sub
HOA
No HOA
School district
656 - Faribault
High school district
Faribault

Financial & listing details

Annual tax
$3,870 (2026)
Tax with assessments
3584
Listed
May 4, 2026
Days on market
51
Manufactured home
Yes

Interior details

Total bathrooms2
Full baths1
3/4 baths1
Half baths0
1/4 baths0
BasementBlock, Crawl Space, Sump Pump, Unfinished
HeatingIn-Floor Heating
CoolingCentral Air
Fireplaces1
LaundryMain Level
AppliancesDishwasher, Exhaust Fan, Gas Water Heater, Microwave, Range, Refrigerator, Washer, Water Softener Owned
DiningBreakfast Bar, Kitchen/Dining Room
AmenitiesCable, Ceiling Fan(s), Dock, Kitchen Center Island, Kitchen Window, Main Floor Primary Bedroom, Patio, Paneled Doors, Porch, Panoramic View, In-Ground Sprinkler, Sun Room, Tile Floors
AccessibilityNone
Special featuresAll Living Facilities on One Level, Main Floor Primary, Main Floor Laundry

Exterior & lot

ExteriorStone, Wood
RoofAge 8 Years or Less
FoundationBlock
Foundation area1,582 sqft
Patio/porchPatio, Porch
Lot featuresAccessible Shoreline, Irregular Lot, Tree Coverage - Medium
Road frontageCounty Road
Road responsibilityPublic Maintained Road
ZoningResidential-Single Family

Utilities

Water sourceWell
SewerMound Septic, Septic System Compliant - Yes
FuelNatural Gas

Parking & garage

ParkingAttached Garage, Detached Garage, Concrete, Shared Driveway, Finished Garage, Garage Door Opener, Heated Garage, Insulated Garage
Garage spaces7
Garage size2,280 sqft

Financial details

Annual taxes$3,870
Tax year2026
Taxes w/ assessments3584
Assessment pendingNo
Down payment resourceYes
Lender ownedNo
Short saleNo
ForeclosureNo

Schools

District656 - Faribault
District number656
District phone5073336016
High schoolFaribault
SODL flat fee brokerage
$19,500Estimated buyer credit
SODL platform fee $3,000Your buyer credit $19,500

How SODL buyer credits work

When you buy with SODL, the brokerage charges a flat $3,000 platform fee at closing. The remaining buyer-side commission (typically 3% of the purchase price) is credited directly back to you at closing, reducing the cash you bring to the table.

  • Tour homes with SODL’s flexible showing network
  • Submit offers and manage your transaction through the platform
  • Keep more money at closing through transparent flat-fee pricing

A clear, modern way to buy with expert guidance and meaningful savings.

Estimated monthly payment

$4,514/mo
Principal & interest$3,942
Property taxes$323
Home insurance (est.)$250
%
$150,000
0%50%
Credit score
Loan term

These payment estimates are for illustration purposes only and may vary based on your lender, interest rate, credit profile, down payment, taxes, insurance, and loan terms. For a more accurate monthly payment estimate, speak with your lender or connect with SODL’s preferred lending partner.

Location

5024 Cannon Lake Trail, Faribault, MN, 55021

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Listing information

MLS #NST7038264
StatusClosed
Last updatedAug 6, 2026, 4:59 PM
Originally listedMay 4, 2026, 5:05 PM
Listing officeEdina Realty, Inc.
Co-listing officeEdina Realty, Inc.

Listing information provided courtesy of the MLS. This information is deemed reliable but is not guaranteed.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.