NOT LISTED FOR SALE

1800 Albion Ave Fairmont, MN 56031

Estimated Value: $122,000 - $190,000

2 Beds
2 Baths
1,750 Sq Ft
$98/Sq Ft Est. Value

Last Sold July 13, 2021

Last sale price $114,900 $66 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $1,088/month

Highlights

  • Multiple Fireplaces
  • 1-Story Property
  • Forced Air Heating System
  • 2 Car Attached Garage

About This Home

As of July 2021

Unique 2 bedroom, 2 bathroom home nestled between two lakes. View of Luedtke Slough across the street and less than a block from Hall Lake. The home has a unique open main floor layout which consists of: Living Room, Family Room, Kitchen/Dining area, 1 Bedroom, Full Bath and Laundry. Upper loft level above garage consists of: Master Bedroom with Full Bath and Fireplace. Home has rental license and is currently tenant occupied.

Last Agent to Sell the Property

Mike Miller

ACTION REALTY OF MANKATO License #00081140 Listed on: 05/15/2021

Last Buyer's Agent

Cara Bishop

TRUE REAL ESTATE

TRUE REAL ESTATE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,294

Year Built

  • 1920

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 69x113

Parking

  • 2 Car Attached Garage

Home Design

  • Frame Construction
  • Vinyl Siding
  • Stucco Exterior

Interior Spaces

  • 1,750 Sq Ft Home
  • 1-Story Property
  • Multiple Fireplaces

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Basement

  • Partial Basement
  • Sump Pump
  • Block Basement Construction

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 232280110

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,294

Year Built

1920

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Classification: NonHomestead
  • Style: SF Single Family
  • Estimated Number of Acres: 0.18
  • Assessments: Yes
  • Construction: Previously Owned
  • Foundation Size: 1200
  • L V T Date: 05/17/2021
  • Mechanicals: Sump Pump
  • Parcel Number: 232280110
  • Rental License: Yes
  • Stories: 1 Story
  • Street Designation: Avenue
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1920

Interior Features

  • Fireplace: Yes
  • Fireplace Type: Two Fireplaces
  • Total Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Room 1: Living Room, 19x15, On Level: Main
  • Room 2: Family Room, 17x17, On Level: Main
  • Room 3: Kitchen, 13x9, On Level: Main
  • Room 4: Dining Room, 14x12, On Level: Main
  • Room 5: Master Bedroom, 19x20, On Level: Upper
  • Room 6: Bedroom, 20x10, On Level: Main
  • Basement Material: Concrete Block
  • Basement Style: Partial
  • Finished Above Grade Sq Ft: 1750
  • Tot Above Grade Sq Ft: 1750
  • Total Fin Square Footage: 1750
  • Total Square Footage: 2056
  • Tot Below Grade Sq Ft: 306

Exterior Features

  • Construction Type: Frame/Wood
  • Exterior: Stucco, Vinyl

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 2
  • Garage Square Footage: 550

Utilities

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

Lot Info

  • Estimated Lot Dimensions: 69x113

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2021
Closed on
Aug 20, 2021
Sold by
Olsen Mark D and Olsen Kayle E
Bought by
Olsen Houses Llc
Seller's Agent
Mike Miller
ACTION REALTY OF MANKATO
Buyer's Agent
Cara Bishop
TRUE REAL ESTATE
List Price
$114,900
Sold Price
$114,900
Current Estimated Value
$171,382

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,482
Avg. Annual Appreciation
9.77%
Original Mortgage
$91,920
Outstanding Balance
$83,403
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$87,979

Purchase Details

Listed on
May 15, 2021
Closed on
Jul 13, 2021
Sold by
Green Deanna Kay
Bought by
Olsen Mark D and Olsen Kay E
Seller's Agent
Mike Miller
ACTION REALTY OF MANKATO
Buyer's Agent
Cara Bishop
TRUE REAL ESTATE
List Price
$114,900
Sold Price
$114,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,920
Outstanding Balance
$83,403
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$87,979

Purchase Details

Listed on
Oct 30, 2013
Closed on
Oct 14, 2014
Sold by
Lind Kevin M
Bought by
Green Deanna Kay
Seller's Agent
Karen Mussmann
Countywide-Fairmont
List Price
$114,900
Sold Price
$85,000
Premium/Discount to List
-$29,900
-26.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.57%
Original Mortgage
$85,000
Interest Rate
4.08%
Mortgage Type
VA

Purchase Details

Closed on
Apr 3, 2014
Sold by
Lind Joanne Kay
Bought by
Lind Kevin Marshall
Source: Public Records

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
Olsen Houses Llc -- None Listed On Document
Olsen Mark D $114,900 Le Sueur Abstract Co Inc
Green Deanna Kay $85,000 Mn River Valley Title & Abst
Lind Kevin Marshall -- None Available
Olsen Mark Mark $114,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Olsen Mark D $91,920
Previous Owner Green Deanna Kay $85,000
Closed Olsen Mark Mark $91,920
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/13/2021 07/13/21 Sold $114,900 0.0% $66 / Sq Ft
05/20/2021 05/20/21 Pending -- -- --
05/15/2021 05/15/21 For Sale $114,900 +35.2% $66 / Sq Ft
10/14/2014 10/14/14 Sold $85,000 -26.0% $49 / Sq Ft View Prior Sale
08/27/2014 08/27/14 Pending -- -- --
10/30/2013 10/30/13 For Sale $114,900 -- $66 / 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 $2,294 $155,300 $23,400 $131,900
2024 $1,620 $165,300 $23,400 $141,900
2023 $1,552 $122,300 $20,100 $102,200
2022 $1,368 $108,700 $20,800 $87,900
2021 $1,610 $89,000 $20,800 $68,200
2020 $1,738 $89,000 $20,800 $68,200
2019 $1,604 $93,200 $18,900 $74,300
2018 $1,576 $80,700 $16,400 $64,300
2017 $1,212 $46,500 $9,445 $37,055
2016 $1,202 $46,500 $9,445 $37,055
2015 $520 $39,500 $10,025 $29,475
2013 $588 $37,900 $10,031 $27,869
Source: Public Records

Agents Affiliated with this Home

  • Mike Miller

    Seller's Agent in 2021

    Mike Miller

    ACTION REALTY OF MANKATO

    (507) 388-8639

    1 in this area

    30 Total Sales

    Mike Miller
    Section Image
  • Cara Bishop

    Buyer's Agent in 2021

    Cara Bishop

    TRUE REAL ESTATE

    (612) 791-9904

    2 in this area

    379 Total Sales

    Cara Bishop
    Section Image

  • K

    Seller's Agent in 2014

    Karen Mussmann

    Countywide-Fairmont

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7027022

REALTOR® Association of Southern Minnesota

APN: 232280110

Minnesota Martin County Fairmont 56031

1800 Albion Ave, Fairmont, MN

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