NOT LISTED FOR SALE

1918 Albion Ave Fairmont, MN 56031

Estimated Value: $104,000 - $148,000

4 Beds
2 Baths
1,996 Sq Ft
$60/Sq Ft Est. Value

Last Sold May 31, 2023

Last sale price $109,900 $55 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $810/month

5 Days on Market

Highlights

  • Deck
  • Living Room
  • Forced Air Heating and Cooling System
  • No HOA

About This Home

As of May 2023

Here is a unique home with income potential! This home has 2 apartments, one on the main and a second in the upper level, each with separate entrances, bedrooms, kitchens and baths. They each have an area to park out front with room for 2 vehicles.
The main floor apt has 3 bedrooms a 3/4 bath, a large living room that opens to a nice dining room and a kitchen that opens to the laundry room and has access to the deck in the backyard. The basement is accessed through the main apartment for that tenant to use. The entrance for the main level apt has a ramp if needed.
The upper apt walks into the kitchen overlooking the backyard, with a hallway to the living room and then the 2 bedrooms and a 3/4 bath. Storage for this apt is underneath the roofline.

Last Agent to Sell the Property

Jim Draper

RE/MAX TOTAL REALTY Listed on: 04/22/2023

RE/MAX TOTAL REALTY

Co-Listed By

Jackie Jersak

RE/MAX TOTAL REALTY

Last Buyer's Agent

Vonnie Cone

RE/MAX TOTAL REALTY

RE/MAX TOTAL REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,728

Year Built

  • Built in 1930

Lot Details

  • 5,097 Sq Ft Lot
  • Lot Dimensions are 49x102

Parking

  • 1 Car Garage
  • Parking Lot

Home Design

  • Property Attached
  • Aluminum Siding

Interior Spaces

  • 1,996 Sq Ft Home
  • 1.5-Story Property
  • Living Room
  • Range
  • Unfinished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Additional Features

  • Deck
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 230391720

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,728

Year Built

Built in 1930

Lot Details

0

Parking

1

Listing Details

  • Type: Residential
  • Property Subtype 1: Two Unit
  • Cooling System: Central Air
  • Garage Spaces: 1
  • Accessibility Features: Partially Wheelchair
  • Water Source: City Water/Connected
  • Year Built: 1930
  • Above Grade Finished Sq Ft: 1996
  • Unit Levels: One and One Half
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Second Unit: Formerly Subdivided
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished
  • Appliances: Range, Refrigerator
  • Living Area: 1996
  • Fireplace: No
  • Basement YN: Yes
  • Dining Room Type: Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Living Room
  • SqFtTotal: 2684.00

Beds/Baths

  • Total Bedrooms: 4
  • Three Quarter Bathrooms: 2

Exterior Features

  • Roof: Asphalt
  • ConstructionMaterialsDesc: Concrete
  • PatioPorchType: Deck

Garage/Parking

  • Parking Features: Gravel, Concrete, Parking Lot

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Fairmont Area Schools
  • SchoolDistrictPhone: 507-238-4234

Lot Info

  • PropertyAttachedYN: Yes
  • Lot Size: 49X102
  • Lot Size Sq Ft: 5096.52
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Aluminum Siding

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 230391720
  • Tax Annual Amount: 1728
  • TaxWithAssessments: 1728.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2023
Closed on
May 31, 2023
Sold by
Abt Properties Llc
Bought by
B & M Property Mgmt Llc
Seller's Agent
Jim Draper
RE/MAX TOTAL REALTY
Buyer's Agent
Vonnie Cone
RE/MAX TOTAL REALTY
List Price
$109,900
Sold Price
$109,900
Views
72
Current Estimated Value
$118,963

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,063
Avg. Annual Appreciation
3.34%

Purchase Details

Closed on
Jul 6, 2018
Sold by
Miller James M and Miller Gayla J
Bought by
Abt Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,000
Interest Rate
4.6%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
B & M Property Mgmt Llc $109,900 --
Abt Properties Llc $70,000 Jenkinson Abstract Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Abt Properties Llc $56,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2023 05/31/23 Sold $109,900 0.0% $55 / Sq Ft
04/28/2023 04/28/23 Pending -- -- --
04/22/2023 04/22/23 For Sale $109,900 -- $55 / 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 $2,244 $109,200 $15,300 $93,900
2024 $1,932 $111,600 $15,300 $96,300
2023 $1,900 $97,800 $14,100 $83,700
2022 $1,728 $88,000 $14,800 $73,200
2021 $2,006 $71,800 $14,800 $57,000
2020 $1,978 $90,300 $14,800 $75,500
2019 $1,600 $82,100 $13,500 $68,600
2018 $1,514 $71,100 $11,700 $59,400
2017 $1,360 $67,600 $11,100 $56,500
2016 $1,336 $67,600 $11,100 $56,500
2015 $827 $69,300 $11,900 $57,400
2013 $920 $66,500 $11,900 $54,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6358309

NorthstarMLS

APN: 230391720