NOT LISTED FOR SALE

1602 Gateway Dr Albert Lea, MN 56007

Estimated Value: $134,000 - $161,302

3 Beds
1 Bath
1,502 Sq Ft
$97/Sq Ft Est. Value

Last Sold August 20, 2024

Last sale price $135,000 $90 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $949/month

19 Days on Market

Highlights

  • No HOA
  • Living Room
  • 1-Story Property
  • 1 Car Attached Garage
  • Storage Room
  • Forced Air Heating and Cooling System

About This Home

As of August 2024

2 bedroom 1 bath twin home with main floor laundry. There is a lot of potential in the lower level with an additional family room, bedroom and additional storage that needs some finishing. Basement has been dry for years.

Last Listed By

Greg Moen

RE/MAX Properties Listed on: 07/02/2024

RE/MAX Properties

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,688

Year Built

  • Built in 1973

Lot Details

  • 7,884 Sq Ft Lot
  • Lot Dimensions are 120x65

Parking

  • 1 Car Attached Garage

Interior Spaces

  • 1-Story Property
  • Family Room
  • Living Room
  • Dining Room
  • Storage Room
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • Pob Southgate Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 340860410

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,688

Year Built

Built in 1973

Lot Details

0

Parking

1

Listing Details

  • Type: Residential
  • Property Subtype 1: Townhouse Side x Side
  • Cooling System: Central Air
  • Garage Spaces: 1
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1973
  • Above Grade Finished Sq Ft: 1002
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Basement: Partially Finished
  • Living Area: 1502
  • Fireplace: No
  • Below Grade Finished Sq Ft: 500
  • Basement YN: Yes
  • Dining Room Type: Dining Room, Kitchen, Laundry, Bedroom 1, Bathroom, Bedroom 2, Living Room, Family Room, Bedroom 3, Storage
  • SqFtTotal: 2004.00

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Roof: Asphalt

Garage/Parking

  • Parking Features: Attached Garage
  • Garage Square Feet: 334

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Albert Lea
  • SchoolDistrictNumber: 241
  • SchoolDistrictPhone: 507-379-4800

Lot Info

  • PropertyAttachedYN: Yes
  • Lot Size: 120x65
  • Lot Size Sq Ft: 7884.36
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Wood Siding

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 340860410
  • Tax Annual Amount: 1688
  • TaxWithAssessments: 1688.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2024
Closed on
Aug 20, 2024
Sold by
Alt Enderson A and Alt K
Bought by
Halvorson Kathleen
Seller's Agent
Greg Moen
RE/MAX Properties
Buyer's Agent
Jeffrey Nielsen
Century 21 Atwood
List Price
$149,900
Sold Price
$135,000
Premium/Discount to List
-$14,900
-9.94%
Total Days on Market
19
Views
34
Current Estimated Value
$145,076

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,076
Avg. Annual Appreciation
12.68%
Original Mortgage
$135,000
Outstanding Balance
$134,888
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$11,701

Range of Values:

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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
Halvorson Kathleen $135,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Halvorson Kathleen $135,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2024 08/20/24 Sold $135,000 -9.9% $90 / Sq Ft
07/22/2024 07/22/24 Pending -- -- --
07/02/2024 07/02/24 For Sale $149,900 -- $100 / 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
2024 $1,688 $144,700 $19,600 $125,100
2023 $1,744 $134,300 $19,600 $114,700
2022 $1,364 $138,200 $16,300 $121,900
2021 $1,342 $102,000 $16,300 $85,700
2020 $1,386 $102,600 $16,300 $86,300
2019 $1,786 $94,100 $14,700 $79,400
2018 $1,716 $0 $0 $0
2016 $1,724 $0 $0 $0
2015 $1,754 $0 $0 $0
2014 $1,040 $0 $0 $0
2012 $942 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Greg Moen

    Seller's Agent in 2024

    Greg Moen

    RE/MAX

    (507) 383-1866

    73 Total Sales

    Greg Moen
    Section Image

  • J

    Buyer's Agent in 2024

    Jeffrey Nielsen

    Century 21 Atwood

    (507) 383-7012

    6 Total Sales

    Jeffrey Nielsen
    Section Image
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Map

Source: NorthstarMLS

MLS Number: 6563474

NorthstarMLS

APN: 34.086.0410

Minnesota Freeborn County Albert Lea 56007

1602 Gateway Dr, Albert Lea, MN

Homes for Sale in Albert Lea, MN

This home is located at 1602 Gateway Dr, Albert Lea, MN 56007 since 02 July 2024 and is currently estimated at $145,076, approximately $96 per square foot. This property was built in 1973. 1602 Gateway Dr is a home located in Freeborn County with nearby schools including Sibley Elementary School, Southwest Middle School, and Albert Lea Senior High School.

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