$82,500
SOLD APR 11, 2025

1517 Margaretha Ave Albert Lea, MN 56007

2 Beds
1 Bath
768 Sq Ft
7,579 Sq Ft Lot

Recently Sold

$107 Per Sq Ft

28% Below List Price

31 Days on Market

Highlights

  • No HOA
  • Living Room
  • Storage Room
  • The kitchen features windows
  • Laundry Room
  • 1-Story Property

About This Home

As of April 2025

Same owners have owned and loved this home since 1973 and now it is your turn to make this home your own! Great ranch style home with a great lay-out. Perfectly located on a corner lot and across from a city park. Large two stall garage! Take a stroll through this wonderful home with our 3D tour and then book your private showing.

Last Agent to Sell the Property

Heather Allen

Leland Realty Listed on: 01/27/2025

Co-Listed By

Matt Johnson

Leland Realty

Last Buyer's Agent

Matt Johnson

Leland Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,104

Year Built

  • Built in 1954

Lot Details

  • 7,579 Sq Ft Lot
  • Lot Dimensions are 60x127

Parking

  • 2 Car Garage
  • Garage Door Opener

Home Design

  • Vinyl Siding

Interior Spaces

  • 768 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Storage Room
  • Unfinished Basement

Kitchen

  • Range
  • Microwave
  • Freezer
  • The kitchen features windows

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • No Cooling
  • Forced Air Heating System

Community Details

  • No Home Owners Association
  • Stielers 1951 Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 340780110

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,104

Year Built

Built in 1954

Lot Details

0

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: None
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1954
  • Above Grade Finished Sq Ft: 768
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Unfinished
  • Appliances: Dryer, Freezer, Microwave, Range, Refrigerator, Washer
  • Living Area: 768
  • Fireplace: No
  • Basement YN: Yes
  • Dining Room Type: Kitchen, Living Room, Bedroom 1, Bedroom 2, Bathroom, Laundry, Storage

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 2

Garage/Parking

  • Parking Features: Detached, Concrete, Garage Door Opener

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Ceiling Fan(s),Kitchen Window,Washer/Dryer Hookup

Schools

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

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 60x127
  • Lot Size Sq Ft: 7579.44
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 340780110
  • Tax Annual Amount: 1104
  • TaxWithAssessments: 1302.0000

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2025
Closed on
Apr 9, 2025
Sold by
Estate Of Jeanne S Holstad
Bought by
Olson Travis
Seller's Agent
Heather Allen
Leland Realty
Buyer's Agent
Matt Johnson
Leland Realty
List Price
$115,000
Sold Price
$82,500
Premium/Discount to List
-$32,500
-28.26%
Views
92
Current Estimated Value
$97,044

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,544
Avg. Annual Appreciation
27.89%
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 Type Sale Price Title Company
Deed $82,500 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/11/2025 04/11/25 Sold $82,500 -21.4% $107 / Sq Ft
02/27/2025 02/27/25 Pending -- -- --
02/14/2025 02/14/25 Price Changed $104,900 -8.8% $137 / Sq Ft
01/27/2025 01/27/25 For Sale $115,000 -- $150 / 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 $1,258 $113,800 $23,800 $90,000
2024 $1,302 $101,400 $9,500 $91,900
2023 $1,188 $97,800 $9,500 $88,300
2022 $1,030 $91,100 $9,500 $81,600
2021 $1,066 $72,700 $9,500 $63,200
2020 $1,008 $69,500 $9,500 $60,000
2019 $968 $66,200 $8,900 $57,300
2018 $752 $0 $0 $0
2016 $594 $0 $0 $0
2015 $580 $0 $0 $0
2014 $620 $0 $0 $0
2012 $762 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6651788

NorthstarMLS

APN: 34.078.0110