NOT LISTED FOR SALE

1240 Albers Path Unit 45 Faribault, MN 55021

Estimated Value: $214,000 - $233,000

3 Beds
2 Baths
1,548 Sq Ft
$145/Sq Ft Est. Value

Last Sold January 27, 2023

Last sale price $190,000 $123 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $1,621/month

62 Days on Market

Highlights

  • 2 Car Attached Garage
  • Forced Air Heating and Cooling System
  • Family Room

About This Home

As of January 2023

This end unit townhome is just waiting for you to move in! 3 bedrooms, 2 bathrooms, new vinyl flooring in dining room. New Roof, new central air conditioning (2021), New furnace (2019), and new water heater! All ducts were cleaned in 2021. Large living room with gas fireplace to keep warm by. The upper level has an amazingly large master bedroom with walk-in closet, a second bedroom and full bath. The lower level has a bedroom, 3/4 bath, family room, laundry and storage! Located near schools, parks, trails and easy commute into town for your shopping needs.

Great investment opportunity as rentals are allowed.

Last Agent to Sell the Property

Pamela Rezac

Keller Williams Preferred Rlty Listed on: 11/04/2022

Keller Williams Preferred Rlty

Last Buyer's Agent

Jose Mendoza

Edina Realty, Inc.

Edina Realty, Inc.

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,858

Year Built

  • Built in 2001

Lot Details

  • 871 Sq Ft Lot
  • Lot Dimensions are 21x43

HOA Fees

  • $182 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Split Level Home

Interior Spaces

  • Family Room
  • Living Room with Fireplace
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • Association fees include maintenance structure, hazard insurance, lawn care, ground maintenance, parking, professional mgmt, trash, shared amenities, snow removal
  • Cities Management Association, Phone Number (612) 381-8600
  • Villas/Faribault Cic 37 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1806430031

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,858

Year Built

Built in 2001

Lot Details

0

HOA Fees

$182 per month

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Townhouse Quad/4 Corners
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: City Water/Connected
  • Fee Frequency: Monthly
  • Year Built: 2001
  • Above Grade Finished Sq Ft: 1020
  • Unit Levels: Three Level Split
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Basement: Full
  • Appliances: Dishwasher, Dryer, Exhaust Fan, Gas Water Heater, Microwave, Range, Refrigerator, Washer, Water Softener Rented
  • Fireplace Features: Gas, Living Room
  • Living Area: 1548
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 528
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Family Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3
  • SqFtTotal: 1596.00

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Three Quarter Bathrooms: 1

Exterior Features

  • Roof: Asphalt

Garage/Parking

  • Parking Features: Attached Garage
  • Garage Square Feet: 440

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Maintenance Structure, Hazard Insurance, Lawn Care, Maintenance Grounds, Parking, Professional Mgmt, Trash, Shared Amenities, Snow Removal
  • Phone: 612-381-8600
  • Association Fee: 182
  • Association: Yes
  • Amenities Unit: Deck

Association/Amenities

  • HOA Management Co: Cities Management

Schools

  • Junior High Dist: Faribault
  • SchoolDistrictNumber: 656
  • SchoolDistrictPhone: 507-333-6016

Lot Info

  • PropertyAttachedYN: Yes
  • Lot Size: 21x43
  • Lot Size Sq Ft: 871.2
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 1806430031
  • Tax Annual Amount: 1858
  • TaxWithAssessments: 1858.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2022
Closed on
Jan 27, 2023
Sold by
Drager Mary L
Bought by
Ramirez Gelacio Moreno
Seller's Agent
Pamela Rezac
Keller Williams Preferred Rlty
Buyer's Agent
Jose Mendoza
Edina Realty, Inc.
List Price
$202,000
Sold Price
$190,000
Premium/Discount to List
-$12,000
-5.94%
Views
48
Current Estimated Value
$225,052

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,052
Avg. Annual Appreciation
7.31%
Original Mortgage
$184,300
Outstanding Balance
$179,062
Interest Rate
6.27%
Mortgage Type
New Conventional
Estimated Equity
$45,990

Purchase Details

Closed on
Mar 30, 2021
Sold by
Drager Mary L
Bought by
Drager Mary L and Hendrickson Barry John

Purchase Details

Closed on
Nov 15, 2011
Sold by
Matejcek Jeff D and Matejcek Kathryn
Bought by
Drager Mary L

Purchase Details

Closed on
May 6, 2002
Sold by
Eagle Creek Development Llc
Bought by
Reinke Mark G
Source: Public Records

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Range of Values:

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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
Ramirez Gelacio Moreno $190,000 Edina Realty Title
Drager Mary L -- None Listed On Document
Drager Mary L $95,000 --
Reinke Mark G $147,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramirez Gelacio Moreno $184,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/27/2023 01/27/23 Sold $190,000 0.0% $123 / Sq Ft
12/14/2022 12/14/22 Pending -- -- --
12/13/2022 12/13/22 Off Market $190,000 -- --
11/28/2022 11/28/22 Price Changed $198,000 -2.0% $128 / Sq Ft
10/13/2022 10/13/22 For Sale $202,000 -- $130 / 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 $2,278 $221,800 $45,200 $176,600
2024 $2,278 $204,000 $47,000 $157,000
2023 $2,150 $204,000 $47,000 $157,000
2022 $1,858 $191,500 $48,800 $142,700
2021 $1,792 $159,800 $34,300 $125,500
2020 $1,720 $154,500 $34,300 $120,200
2019 $1,642 $151,700 $34,300 $117,400
2018 $1,396 $144,600 $31,600 $113,000
2017 $1,184 $124,600 $27,100 $97,500
2016 $1,012 $107,300 $18,100 $89,200
2015 $854 $93,900 $11,700 $82,200
2014 -- $86,200 $11,700 $74,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6271686

NorthstarMLS

APN: 18.06.4.30.031