NOT LISTED FOR SALE

1302 Madison Ave Albert Lea, MN 56007

Estimated Value: $213,000 - $244,000

8 Beds
4 Baths
3,325 Sq Ft
$69/Sq Ft Est. Value

Last Sold July 17, 2014

Last sale price $82,500 $25 Per Sq Ft

Est. 180% increase in value since last sale

Current estimated payment $1,539/month

27 Days on Market

Highlights

  • 1.8 Acre Lot
  • Eat-In Kitchen
  • 1-Story Property
  • Balcony
  • Landscaped with Trees
  • Forced Air Heating System

About This Home

As of July 2014

Completely rented, 4 unit building in good condition. Off street tenant parking and tenant storage available.

Last Agent to Sell the Property

Bill Leland

Leland Realty, Inc. Listed on: 05/15/2014

Last Buyer's Agent

Sally Ehrhardt

Leland Realty, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 1.8 Acre Lot
  • Lot Dimensions are 264x310
  • Irregular Lot
  • Landscaped with Trees

Parking

  • Gravel Driveway

Home Design

  • Quadruplex
  • Frame Construction
  • Wood Siding

Interior Spaces

  • 3,325 Sq Ft Home
  • 1-Story Property

Kitchen

  • Eat-In Kitchen
  • Range

Partially Finished Basement

  • Walk-Out Basement
  • Block Basement Construction

Utilities

  • Forced Air Heating System
  • Gas Water Heater

Additional Features

  • Balcony
  • Ground Level

Community Details

  • 4 Units

Listing and Financial Details

  • Tenant pays for broadband, cable TV, electric, fuel
  • The owner pays for lawn, maint/repair, snow, trash, water/sewer
  • Assessor Parcel Number 340591340

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Class: MULTI-FAMILY
  • Classification: NonHomestead
  • Style: 4-plex
  • Assessment Balance: 101.09
  • Assessments: Yes
  • Construction: Previously Owned
  • Mechanicals: Water Heater - Gas
  • Parcel Number: 340591340
  • Price Per Square Foot: 17.93
  • Stories: 1 Story
  • Street Designation: Avenue
  • Taxes With Assessments: 3086
  • Estimated Number of Acres: 1.8
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range/Stove, Refrigerator
  • Basement Features: Partially Finished
  • Basement Material: Concrete Block
  • Basement Style: Walk-out
  • Finished Above Grade Sq Ft: 2400
  • Total Fin Square Footage: 3325
  • Total Square Footage: 4600
  • Below Grade Finished Sq Ft: 925

Exterior Features

  • Frontage Road: City, Paved
  • Construction Type: Frame/Wood
  • Exterior: Wood
  • Exterior Amenities: Balcony, Driveway - Gravel

Garage/Parking

  • Number Off Street Parking: 6

Utilities

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

Schools

  • School District: Albert Lea #241

Lot Info

  • Lot/Land Description: Irregular Lot, Tree Coverage - Medium
  • Estimated Lot Dimensions: 264x310

Rental Info

  • Owner Expense: Lawn, Maint/Repair, Snow, Trash, Water/Sewer
  • Tenant Expense: Broadband, Cable TV, Electric, Fuel

Building Info

  • Year Built: 1928

Tax Info

  • Year: 2014
  • Tax Value: 2855.32

MLS Schools

  • School District: Albert Lea #241

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 30, 2024
Sold by
Sprague Douglas
Bought by
Cns Properties Of Rochester Llc
Current Estimated Value
$230,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Outstanding Balance
$190,401
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$47,599
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
Cns Properties Of Rochester Llc $240,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cns Properties Of Rochester Llc $192,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2014 07/17/14 Sold $82,500 -17.5% $25 / Sq Ft
06/11/2014 06/11/14 Pending -- -- --
05/15/2014 05/15/14 For Sale $100,000 -- $30 / 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 $3,790 $220,800 $41,600 $179,200
2024 $3,840 $188,200 $41,600 $146,600
2023 $3,852 $198,100 $41,600 $156,500
2022 $2,516 $247,700 $29,400 $218,300
2021 $2,150 $107,500 $29,400 $78,100
2020 $2,142 $89,700 $20,700 $69,000
2019 $2,024 $87,400 $26,000 $61,400
2018 $2,028 $0 $0 $0
2016 $1,912 $0 $0 $0
2015 $1,844 $0 $0 $0
2014 $3,086 $0 $0 $0
2012 $3,352 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2014

    Bill Leland

    Leland Realty, Inc.

  • S

    Buyer's Agent in 2014

    Sally Ehrhardt

    Leland Realty, Inc.

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4620039

REALTOR® Association of Southern Minnesota

APN: 34.059.1340

Minnesota Freeborn County Albert Lea 56007

1302 Madison Ave, Albert Lea, MN

This home is located at 1302 Madison Ave, Albert Lea, MN 56007 since 15 May 2014 and is currently estimated at $230,667, approximately $69 per square foot. This property was built in 1928. 1302 Madison Ave is a home located in Freeborn County with nearby schools including Sibley 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.

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