NOT LISTED FOR SALE

1206 Fairlane Terrace Albert Lea, MN 56007

Estimated Value: $199,000 - $240,000

4 Beds
2 Baths
1,720 Sq Ft
$128/Sq Ft Est. Value

Last Sold March 30, 2023

Last sale price $185,600 $108 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $1,414/month

5 Days on Market

Highlights

  • No HOA
  • Living Room
  • Forced Air Heating and Cooling System
  • Stainless Steel Appliances
  • 1-Story Property
  • Dining Room

About This Home

As of March 2023

Don't miss your opportunity to own this move-in ready ranch style home. Four bedrooms, two baths, updated kitchen with newer stainless steel appliances, all included. Lots of finished space in the lower level. Great backyard and patio for entertaining. Large detached two car garage. Come check out this well maintained home in a desirable location.

Last Agent to Sell the Property

Norena Brekke

Leland Realty Listed on: 02/27/2023

Last Buyer's Agent

Robert Hoffman

Robert Hoffman Realty Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,856

Year Built

  • Built in 1956

Lot Details

  • 9,104 Sq Ft Lot
  • Lot Dimensions are 76x120

Parking

  • 2 Car Garage
  • Garage Door Opener

Interior Spaces

  • 1-Story Property
  • Family Room
  • Living Room
  • Dining Room

Kitchen

  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Finished Basement

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

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • Ridgewood Park Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 342000590

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,856

Year Built

Built in 1956

Lot Details

0

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1956
  • Above Grade Finished Sq Ft: 960
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • FoundationDimensions: 24x40
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Block, Egress Window(s), Finished, Full
  • Appliances: Dishwasher, Dryer, Freezer, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer, Water Softener Owned
  • Living Area: 1720
  • Fireplace: No
  • Below Grade Finished Sq Ft: 760
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Family Room, Laundry

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 4
  • Three Quarter Bathrooms: 1

Exterior Features

  • ConstructionMaterialsDesc: Frame

Garage/Parking

  • Parking Features: Detached, Concrete, Garage Door Opener
  • Garage Square Feet: 792

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Hardwood Floors,Patio,Washer/Dryer Hookup

Schools

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

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 76x120
  • Lot Size Sq Ft: 9104.04
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Steel Siding

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 342000590
  • Tax Annual Amount: 1856
  • TaxWithAssessments: 1856.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2023
Closed on
Mar 30, 2023
Sold by
Aronson Jeffery and Aronson Celeste
Bought by
Habana Noah and Magdaleno-Garcia Lisbeth
Seller's Agent
Norena Brekke
Leland Realty
Buyer's Agent
Robert Hoffman
Robert Hoffman Realty Inc.
List Price
$169,900
Sold Price
$185,600
Premium/Discount to List
$15,700
9.24%
Views
96
Current Estimated Value
$220,732

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,132
Avg. Annual Appreciation
4.81%
Original Mortgage
$180,032
Outstanding Balance
$175,156
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$33,579

Purchase Details

Closed on
Dec 30, 2015
Sold by
Hansen Zachary Zachary
Bought by
Aronson Jeffery Jeffery

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,900
Interest Rate
3.96%
Source: Public Records

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
Habana Noah $185,600 --
Aronson Jeffery Jeffery $134,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Habana Noah $180,032
Previous Owner Aronson Jeffery Jeffery $133,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2023 03/30/23 Sold $185,600 +9.2% $108 / Sq Ft
03/05/2023 03/05/23 Pending -- -- --
02/27/2023 02/27/23 For Sale $169,900 -- $99 / 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
2025 $2,926 $205,000 $19,900 $185,100
2024 $2,058 $185,500 $19,900 $165,600
2023 $2,038 $153,200 $19,900 $133,300
2022 $1,856 $152,500 $19,900 $132,600
2021 $1,908 $125,100 $19,900 $105,200
2020 $2,274 $146,500 $18,400 $128,100
2019 $1,890 $127,500 $16,200 $111,300
2018 $1,582 $0 $0 $0
2016 $684 $0 $0 $0
2015 $640 $0 $0 $0
2014 $738 $0 $0 $0
2012 $1,118 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6336183

NorthstarMLS

APN: 34.200.0590