NOT LISTED FOR SALE

118 Mcarthur Dr Albert Lea, MN 56007

Estimated Value: $104,000 - $121,603

2 Beds
1 Bath
868 Sq Ft
$133/Sq Ft Est. Value

Last Sold August 14, 2024

Last sale price $78,000 $90 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $720/month

11 Days on Market

Highlights

  • Deck
  • The kitchen features windows
  • Property is near a preserve or public land
  • No HOA
  • 1 Car Attached Garage
  • 1-Story Property

About This Home

As of August 2024

Hidden gem in Albert Lea! This home, priced to reflect its condition, offers incredible potential. Nestled on a private cul de sac with a spacious yard, it backs up to city-owned land offering a park-like setting, ensuring no neighbors behind. The main level boasts beautiful hardwood floors and updated vinyl windows, while the unfinished basement provides the chance to expand and add additional finished square footage, bedrooms, and a bathroom. Amazing opportunity for investors or owner-occupants looking for a project to add value and equity growth. Schedule a showing today and see the potential for your self!

Last Agent to Sell the Property

Peter Collins

Keller Williams Premier Realty Lake Minnetonka Listed on: 07/08/2024

Keller Williams Premier Realty Lake Minnetonka

Last Buyer's Agent

Breanna Kohn

Keller Williams Premier Realty

Keller Williams Premier Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,140

Year Built

  • Built in 1953

Lot Details

  • 7,492 Sq Ft Lot
  • Lot Dimensions are 75 x 100
  • Wood Fence

Parking

  • 1 Car Attached Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 868 Sq Ft Home
  • 1-Story Property
  • Combination Dining and Living Room

Kitchen

  • Range
  • The kitchen features windows

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction
  • Natural lighting in basement

Outdoor Features

  • Deck

Utilities

  • No Cooling
  • Forced Air Heating System
  • 100 Amp Service

Community Details

  • No Home Owners Association
  • Garden Villa Sub Subdivision
  • Property is near a preserve or public land

Listing and Financial Details

  • Assessor Parcel Number 341390200

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,140

Year Built

Built in 1953

Lot Details

7,492 Sq Ft Lot

Parking

1

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: None
  • Garage Spaces: 1
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1953
  • Above Grade Finished Sq Ft: 868
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Block, Daylight/Lookout Windows, Full, Unfinished
  • Appliances: Dryer, Range, Refrigerator, Washer
  • Living Area: 868
  • Fireplace: No
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Bedroom 1, Bedroom 2, Kitchen

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Roof: Asphalt
  • Fencing: Wood
  • PatioPorchType: Deck

Garage/Parking

  • Parking Features: Attached Garage, Concrete

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers, 100 Amp Service
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Ceiling Fan(s),Hardwood Floors,Kitchen Window,Main Floor Primary Bedroom

Schools

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

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 75 x 100
  • Lot Size Sq Ft: 7492.32
  • Land Lease: No
  • Lot Features: Property Adjoins Public Land
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 341390200
  • Tax Annual Amount: 1140
  • TaxWithAssessments: 1206.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2024
Closed on
Aug 1, 2024
Sold by
Rosin Frederick and Rosin Kristine
Bought by
Welcome Home Realty Llc
Seller's Agent
Peter Collins
Keller Williams Premier Realty Lake Minnetonka
Buyer's Agent
Breanna Kohn
Keller Williams Premier Realty
List Price
$75,000
Sold Price
$78,000
Premium/Discount to List
$3,000
4%
Views
95
Current Estimated Value
$115,401

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,401
Avg. Annual Appreciation
27.74%
Source: Public Records
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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
Welcome Home Realty Llc $78,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/14/2024 08/14/24 Sold $78,000 +4.0% $90 / Sq Ft
07/23/2024 07/23/24 Pending -- -- --
07/12/2024 07/12/24 For Sale $75,000 -- $86 / Sq Ft
Source: NorthstarMLS

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
2025 $1,356 $108,400 $29,000 $79,400
2024 $1,206 $83,800 $13,000 $70,800
2023 $1,302 $76,400 $13,000 $63,400
2022 $1,264 $82,900 $11,600 $71,300
2021 $1,210 $68,800 $11,600 $57,200
2020 $1,206 $65,200 $11,600 $53,600
2019 $1,038 $56,800 $10,200 $46,600
2018 $894 $0 $0 $0
2016 $766 $0 $0 $0
2015 $750 $0 $0 $0
2014 $754 $0 $0 $0
2012 $1,136 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6563888

NorthstarMLS

APN: 34.139.0200

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