NOT LISTED FOR SALE

Estimated Value: $198,000 - $218,047

4 Beds
2 Baths
3,145 Sq Ft
$66/Sq Ft Est. Value

Sale Details

Date Sold: April 30, 2024

Last sale price $175,000 $56 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $1,338 / mo

125 Days on Market

About This Home

As of April 2024

Perfect opportunity to own this income producing duplex. Main level and upper-level unit have two bedrooms, living room, dining area, kitchen, and bathroom. Each unit has over 1000 sq ft. Two laundry rooms in the basement. This home could be converted to a single-family home or perhaps you could live in the upper unit and run a daycare/business on the main level. Many options with this home. The location is within walking distance of a park and an elementary school. This is a must-see opportunity.

Last Agent to Sell the Property

Matt Johnson

Leland Realty Listed on: 11/16/2023

Co-Listed By

Heather Allen

Leland Realty

Last Buyer's Agent

Robert Hoffman

Robert Hoffman Realty Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,560

Year Built

  • Built in 1956

Lot Details

  • Lot Dimensions are 80x125
  • Chain Link Fence

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Steel Siding

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Finished Basement

  • Walk-Out Basement
  • Sump Pump
  • Block Basement Construction

Utilities

  • Forced Air Heating System
  • 200+ Amp Service

Community Details

  • 2 Units
  • Academy Add Subdivision

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for all utilities, insurance, grounds care, snow removal, taxes
  • Assessor Parcel Number 340481880

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,560

Year Built

Built in 1956

Lot Details

10,019 Sq Ft Lot

Parking

2

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Up and Down
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1956
  • Above Grade Finished Sq Ft: 2109
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Finished, Sump Pump, Walkout
  • Living Area: 3145
  • Below Grade Finished Sq Ft: 1036
  • Owner Pays: All Utilities, Insurance, Grounds Care, Snow Removal, Taxes
  • Basement YN: Yes
  • Appliances: Dryer,Range

Beds/Baths

  • Total Bedrooms: 4

Exterior Features

  • Roof: Asphalt
  • Fencing: Chain Link
  • ConstructionMaterialsDesc: Frame

Garage/Parking

  • Other Parking Spaces: 1
  • Other Parking Spaces: 1

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers, 200+ Amp Service
  • Fuel: Natural Gas
  • Number of Ranges: Three

Schools

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

Lot Info

  • Lot Size: 80x125
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Steel Siding
  • Units Total: 2

Rental Info

  • Expenses: 10672.0000

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 340481880
  • Tax Annual Amount: 2560
  • TaxWithAssessments: 2560.0000

Multi Family

  • TenantPays: Cable TV
  • ElectricExpense: 2600
  • FuelExpense: 1000
  • Number Of Refrigerators: Three

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2023
Closed on
Apr 30, 2024
Sold by
Bought by
Seller's Agent
Matt Johnson
Leland Realty
Buyer's Agent
Robert Hoffman
Robert Hoffman Realty Inc.
List Price
$194,900
Sold Price
$175,000
Premium/Discount to List
-$19,900
-10.21%
Views
219
Current Estimated Value
$208,762

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,762
Avg. Annual Appreciation
8.19%

Purchase Details

Closed on
Jun 2, 2016
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$175,000 --
$56,300 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $103,895
Previous Owner $25,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/30/2024 04/30/24 Sold $175,000 -5.4% $56 / Sq Ft
03/21/2024 03/21/24 Pending -- -- --
02/08/2024 02/08/24 Price Changed $184,900 -2.6% $59 / Sq Ft
12/22/2023 12/22/23 Price Changed $189,900 -2.6% $60 / Sq Ft
11/16/2023 11/16/23 For Sale $194,900 -- $62 / Sq Ft
Source: NorthstarMLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $2,758 $202,400 $12,700 $189,700
2025 $2,450 $202,400 $12,700 $189,700
2024 $2,908 $181,100 $12,700 $168,400
2023 $2,560 $167,700 $12,700 $155,000
2022 $2,126 $167,100 $12,700 $154,400
2021 $1,990 $117,900 $12,700 $105,200
2020 $2,432 $130,600 $12,700 $117,900
2019 $2,302 $124,400 $11,900 $112,500
2018 $1,762 $0 $0 $0
2016 $2,498 $0 $0 $0
2015 $1,642 $0 $0 $0
2014 $1,498 $0 $0 $0
2012 $1,390 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6460233

NorthstarMLS

APN: 34.048.1880

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