NOT LISTED FOR SALE

1502 SE Marshall St Albert Lea, MN 56007

Estimated Value: $122,000 - $155,559

2 Beds
2 Baths
1,656 Sq Ft
$82/Sq Ft Est. Value

Last Sold April 23, 2015

Last sale price $16,000 $10 Per Sq Ft

Est. 748% increase in value since last sale

Current estimated payment $824/month

20 Days on Market

About This Home

As of April 2015

If you are in the market for an investment property, this is a must see. 2 bedroom, 2 bath home that could easily be converted to a 3 bedroom. Open floor plan. 3 parcels to property equaling an .32 acre lot.

Last Agent to Sell the Property

Heather Allen

RE/MAX Properties Listed on: 03/10/2015

Last Buyer's Agent

Heather Allen

RE/MAX Properties Listed on: 03/10/2015

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,314

Year Built

  • 1940

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 85.94x120.6x48.18x126

Home Design

  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Block Basement Construction
  • Basement Window Egress

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 341808210

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,314

Year Built

1940

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Classification: NonHomestead
  • Amenities: Washer/Dryer Hookups
  • Estimated Number of Acres: 0.32
  • Assessments: Yes
  • Parcel Number: 341808210
  • Stories: 1 Story
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1940

Interior Features

  • Total Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Room 1: On Level: Main
  • Room 2: On Level: Basement
  • Room 4: On Level: Basement
  • Room 5: On Level: Main
  • Room 6: On Level: Basement
  • Room 9: On Level: Main
  • Room 12: On Level: Main
  • Basement Features: Egress Windows, Partially Finished
  • Basement Material: Concrete Block
  • Basement Style: Full, Walk-out
  • Finished Above Grade Sq Ft: 856
  • Below Grade Finished Sq Ft: 800
  • Total Fin Square Footage: 1656
  • Total Square Footage: 1712

Exterior Features

  • Construction Type: Frame/Wood
  • Exterior: Vinyl

Utilities

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

Lot Info

  • Estimated Lot Dimensions: 85.94x120.6x48.18x126

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 23, 2017
Sold by
Gardner Chad Chad
Bought by
Fairchild Charles Charles and Fairchild Annette Annette
Current Estimated Value
$135,640

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,612
Outstanding Balance
$64,010
Interest Rate
3.83%
Mortgage Type
VA
Estimated Equity
$71,630

Purchase Details

Listed on
Mar 10, 2015
Closed on
Apr 9, 2015
Bought by
Gardner Chad Chad
Seller's Agent
Heather Allen
RE/MAX Properties
Buyer's Agent
Heather Allen
RE/MAX Properties
List Price
$14,500
Sold Price
$16,000
Premium/Discount to List
$1,500
10.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.29%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Fairchild Charles Charles $75,000 --
Fairchild Charles I $75,000 Partners Title
Gardner Chad Chad $16,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fairchild Charles I $76,612
Closed Fairchild Charles Charles $75,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/23/2015 04/23/15 Sold $16,000 +10.3% $10 / Sq Ft
03/30/2015 03/30/15 Pending -- -- --
03/10/2015 03/10/15 For Sale $14,500 -- $9 / 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 $1,314 $121,100 $23,800 $97,300
2024 $1,326 $112,500 $23,800 $88,700
2023 $1,130 $107,600 $23,800 $83,800
2022 $996 $96,000 $14,000 $82,000
2021 $1,004 $79,700 $14,000 $65,700
2020 $884 $72,000 $14,000 $58,000
2019 $788 $65,200 $13,000 $52,200
2018 $770 $0 $0 $0
2016 $1,728 $0 $0 $0
2015 $1,572 $0 $0 $0
2014 $1,602 $0 $0 $0
2012 $696 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2015

    Heather Allen

    RE/MAX

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4726690

REALTOR® Association of Southern Minnesota

APN: 34.180.8210

Minnesota Freeborn County Albert Lea 56007

1502 SE Marshall St, Albert Lea, MN

Not Listed for Sale

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