NOT LISTED FOR SALE

1117 E Richway Dr Albert Lea, MN 56007

Estimated Value: $172,000 - $198,000

3 Beds
1.5 Baths
1,248 Sq Ft
$148/Sq Ft Est. Value

Last Sold October 31, 2023

Last sale price $153,000 $123 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $1,166/month

62 Days on Market

Highlights

  • No HOA
  • 1-Story Property
  • Combination Kitchen and Dining Room
  • Living Room
  • Forced Air Heating System
  • 1-minute walk to Eastgate Park

About This Home

As of October 2023

Updated home in a peaceful neighborhood. This 3-bedroom, 1.5-bath house boasts a large yard and a 2-car garage for parking and storage. There is new
flooring throughout and updated bathroom and kitchen with plenty of cupboard space and also all new appliances. You will have the convenience of main floor laundry along with a new washer and dryer. The home features nice sized living room,
dining room and 3 bedrooms on the main level and ample closet space. There is a full basement with a half bath. The large yard is perfect for outdoor activities, providing plenty of space for play
and relaxation. Home is situated next to a park. Property also provides plenty of extra space for parking your RV or boat. Come see it for yourself and make it yours today!

Last Listed By

Renee Heintz

Century 21 Affiliated Rochester Listed on: 08/24/2023

Century 21 Affiliated Rochester

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,910

Year Built

  • Built in 1974

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 138.48x75x90

Parking

  • 2 Car Garage

Interior Spaces

  • 1,248 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Combination Kitchen and Dining Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating System

Community Details

  • No Home Owners Association
  • Ridgewood Park Second Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 342021050

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,910

Year Built

Built in 1974

Lot Details

0

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: None
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1974
  • Above Grade Finished Sq Ft: 1248
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Full
  • Appliances: Dishwasher, Dryer, Range, Refrigerator, Washer
  • Living Area: 1248
  • Fireplace: No
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3

Beds/Baths

  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Other Structures: Gazebo, Storage Shed
  • ConstructionMaterialsDesc: Frame

Garage/Parking

  • Parking Features: Detached, Concrete
  • Garage Square Feet: 576

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers
  • Fuel: Natural Gas
  • Power Company: Freeborn - Mower Cooperative Services

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Albert Lea
  • SchoolDistrictNumber: 241
  • SchoolDistrictPhone: 507-379-4800

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 138.48x75x90
  • Lot Size Sq Ft: 11412.72
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Other

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 342021050
  • Tax Annual Amount: 1910
  • TaxWithAssessments: 1964.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2023
Closed on
Oct 27, 2023
Sold by
Joleigh Properties Llc
Bought by
Kiel Jusseppe and Kiel Anais
Seller's Agent
Renee Heintz
Century 21 Affiliated Rochester
Buyer's Agent
Asia Thostenson
Realty ONE Group Black Diamond
List Price
$184,900
Sold Price
$153,000
Premium/Discount to List
-$31,900
-17.25%
Total Days on Market
62
Views
208
Current Estimated Value
$184,283

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,283
Avg. Annual Appreciation
13.20%
Original Mortgage
$139,400
Outstanding Balance
$137,433
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$46,850

Purchase Details

Closed on
Jul 14, 2023
Sold by
Etherington Michele
Bought by
Joleigh Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
6.79%
Mortgage Type
New Conventional

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kiel Jusseppe $153,000 --
Joleigh Properties Llc $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kiel Jusseppe $139,400
Previous Owner Joleigh Properties Llc $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2023 10/31/23 Sold $153,000 -4.3% $123 / Sq Ft
09/18/2023 09/18/23 Price Changed $159,900 -3.0% $128 / Sq Ft
09/14/2023 09/14/23 Price Changed $164,900 -5.4% $132 / Sq Ft
09/04/2023 09/04/23 Price Changed $174,400 -5.4% $140 / Sq Ft
08/30/2023 08/30/23 Price Changed $184,400 -0.3% $148 / Sq Ft
08/29/2023 08/29/23 For Sale $184,900 +262.5% $148 / Sq Ft
03/25/2015 03/25/15 Sold $51,000 -8.8% $20 / Sq Ft
03/06/2015 03/06/15 Pending -- -- --
01/13/2015 01/13/15 For Sale $55,900 -- $22 / Sq Ft
Source: NorthstarMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,678 $178,400 $22,000 $156,400
2023 $2,292 $129,600 $22,000 $107,600
2022 $1,964 $130,700 $22,000 $108,700
2021 $2,010 $108,700 $22,000 $86,700
2020 $1,968 $108,300 $20,400 $87,900
2019 $1,700 $94,400 $18,000 $76,400
2018 $1,510 $0 $0 $0
2016 $1,452 $0 $0 $0
2015 $1,058 $0 $0 $0
2014 $1,292 $0 $0 $0
2012 $1,376 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: NorthstarMLS

MLS Number: 6423386

NorthstarMLS

APN: 34.202.1050