NOT LISTED FOR SALE

1202 W Richway Dr Albert Lea, MN 56007

Estimated Value: $365,000 - $575,000

4 Beds
2.5 Baths
3,215 Sq Ft
$139/Sq Ft Est. Value

Last Sold August 30, 2013

Last sale price $260,000 $81 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $2,965/month

412 Days on Market

Highlights

  • 100 Feet of Waterfront
  • Deck
  • Corner Lot
  • Beach Access
  • Vaulted Ceiling
  • Outdoor Water Feature

About This Home

As of August 2013

Walk out your back door to true lake shore or simply enjoy the view from the large deck and 3 season porch. 4 bedrooms, 3 baths, 2 fireplaces and main floor laundry all make this home your families new retreat. Enjoy the lake view from many rooms in the house.

Last Agent to Sell the Property

Rick Mummert

Ron Holtan Real Estate Listed on: 05/17/2012

Last Buyer's Agent

Rick Mummert

Ron Holtan Real Estate Listed on: 05/17/2012

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,086

Year Built

  • 1979

Lot Details

  • 0.27 Acre Lot
  • 100 Feet of Waterfront
  • Corner Lot
  • Landscaped with Trees

Home Design

  • Poured Concrete
  • Frame Construction
  • Shake Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Gas Fireplace
  • Combination Dining and Living Room
  • Tile Flooring
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • Bathroom on Main Level

Finished Basement

  • Basement Fills Entire Space Under The House
  • Basement Window Egress

Parking

  • 2 Car Attached Garage
  • Driveway

Outdoor Features

  • Beach Access
  • Deck
  • Outdoor Water Feature
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater
  • Water Softener is Owned

Listing and Financial Details

  • Assessor Parcel Number 342720040

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,086

Year Built

1979

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Classification: Homestead
  • Amenities: Ceiling Fans, Skylight, Tiled Floors, Vaulted Ceilings, Washer/Dryer Hookups
  • Amenities Exterior: Deck, Driveway - Concrete, Porch, Water Feature
  • Estimated Number of Acres: 0.27
  • Beach Type: Undevelopment
  • Mechanicals: Water Heater-Gas, Water Softener-Owned
  • Parcel Number: 342720040
  • Stories: 1 Story
  • Street Designation: Drive
  • Taxes With Assessments: 5374
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1979

Interior Features

  • Dining Room: Combine with Living Room, Informal Dining Room
  • Fireplace: Yes
  • Fireplace Type: Gas
  • Total Bedrooms: 4
  • Bathroom Description: Full Basement, Full Master, Main Floor 1/2 Bath
  • Total Bathrooms: 3
  • Half Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bathrooms: 3
  • Room 1: Bedroom, 14x11, On Level: Main
  • Room 2: Bedroom, 17x13, On Level: Main
  • Room 3: Bedroom, 16x11, On Level: Basement
  • Room 5: Dining Room, 11x12, On Level: Main
  • Room 6: Family Room, 18x15, On Level: Basement
  • Room 9: Kitchen, 13x9, On Level: Main
  • Room 12: Living Room, 18x13, On Level: Main
  • Room 15: Other, 15x13, On Level: Basement
  • Basement Features: Egress Windows, Finished
  • Basement Material: Poured Concrete
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 1861
  • Below Grade Finished Sq Ft: 1354
  • Total Fin Square Footage: 3215
  • Total Square Footage: 3615

Exterior Features

  • Frontage Road: City, Curb/Gutters
  • Lake Class: Recreation Dvelopmnt
  • Waterfront Name: Fountain
  • Construction Type: Frame/Wood
  • Exterior: Wood
  • Roof: Shake
  • Waterfront: Yes
  • Water Frontage: 100

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 2

Utilities

  • Cooling: Central
  • Fuel: Natural Gas
  • Heat: Forced Air
  • Sewer: City
  • Water: City

Schools

  • School District: Albert Lea #241

Lot Info

  • Estimated Lot Dimensions: .33 acres
  • Lot/Land Description: Accessible Shoreline, Corner Lot, Tree Coverage - Medium

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2012
Closed on
Aug 30, 2013
Sold by
Hovde Gorddon W
Bought by
Nelson Kevin R and Nelson Jill M
Seller's Agent
Rick Mummert
Ron Holtan Real Estate
Buyer's Agent
Rick Mummert
Ron Holtan Real Estate
List Price
$299,900
Sold Price
$260,000
Premium/Discount to List
-$39,900
-13.3%
Current Estimated Value
$447,741

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$187,741
Avg. Annual Appreciation
4.59%
Original Mortgage
$312,100
Interest Rate
4.38%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Nelson Kevin R -- Minnesota Abstract & Title C
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Nelson Kevin R $312,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2013 08/30/13 Sold $260,000 -13.3% $81 / Sq Ft
07/03/2013 07/03/13 Pending -- -- --
05/17/2012 05/17/12 For Sale $299,900 -- $93 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

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
2025 $7,086 $473,400 $58,500 $414,900
2024 $7,056 $445,000 $58,500 $386,500
2023 $5,854 $449,900 $58,500 $391,400
2022 $6,198 $369,600 $46,800 $322,800
2021 $6,134 $338,600 $46,800 $291,800
2020 $5,822 $315,800 $46,800 $269,000
2019 $5,368 $292,400 $46,800 $245,600
2018 $4,920 $0 $0 $0
2016 $4,340 $0 $0 $0
2015 $4,244 $0 $0 $0
2014 $4,186 $0 $0 $0
2012 $5,298 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2013

    Rick Mummert

    Ron Holtan Real Estate

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4327519

REALTOR® Association of Southern Minnesota

APN: 34.272.0040

Minnesota Freeborn County Albert Lea 56007

1202 W Richway Dr, Albert Lea, MN

This home is located at 1202 W Richway Dr, Albert Lea, MN 56007 since 17 May 2012 and is currently estimated at $447,741, approximately $139 per square foot. This property was built in 1979. 1202 W Richway Dr is a home located in Freeborn County with nearby schools including Lakeview Elementary School, Southwest Middle School, and Albert Lea Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

REALTOR® Association of Southern Minnesota IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes