Seller's Agent in 2024
Mike Blow
RE/MAX
(507) 497-8602
2 in this area
31 Total Sales
214 W College St Albert Lea, MN 56007
Estimated Value: $68,000 - $89,000
2
Beds
2
Baths
1,449
Sq Ft
$56/Sq Ft
Est. Value
About This Home
As of September 2024Welcome to a fantastic investment opportunity in the heart of Albert Lea! This very affordable duplex,
with a rich rental history, offers incredible potential for the right investor. Though it recently
experienced an unfortunate incident requiring repairs, it presents a chance to restore and revitalize.
Located in a prime area with strong demand, this property is perfect for someone with a vision to bring
it back to its former glory. Whether you're a seasoned investor or just starting out, this duplex is a
golden opportunity to add value and create a beautiful living space.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1888
Lot Details
- 7,405
Home Design
- Duplex
Interior Spaces
- 1,449 Sq Ft Home
- 1.5-Story Property
- Basement
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Additional Features
- Lot Dimensions are 75x103
- Forced Air Heating System
Community Details
- 2 Units
- Morins Add Subdivision
Listing and Financial Details
- Assessor Parcel Number 340071270
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 1, 2024
Closed on
Sep 4, 2024
Sold by
Dlp Properties Llc
Bought by
Sanchez Eliseo
Seller's Agent
Mike Blow
Re/Max Advantage Plus
Buyer's Agent
Mike Blow
Re/Max Advantage Plus
List Price
$49,000
Sold Price
$42,000
Premium/Discount to List
-$7,000
-14.29%
Views
26
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,721
Avg. Annual Appreciation
85.49%
Purchase Details
Closed on
May 30, 2019
Sold by
Babcock Richard D
Bought by
Dlp 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
$29,820
Interest Rate
4.1%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 14, 2011
Sold by
Babcock Richard D and Babcock Cindy L
Bought by
Babcock Richard D and Babcock Cindy L
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sanchez Eliseo | $42,000 | -- | |
| Dlp Properties Llc | $42,600 | Land Title | |
| Babcock Richard D | -- | -- |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/04/2024 09/04/24 | Sold | $42,000 | -14.3% | $29 / Sq Ft |
| 08/20/2024 08/20/24 | Pending | -- | -- | -- |
| 08/08/2024 08/08/24 | For Sale | $49,000 | -- | $34 / Sq Ft |
Source: NorthstarMLS
Tax History Compared to Growth
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 | $1,430 | $84,500 | $19,300 | $65,200 |
| 2024 | $1,294 | $69,300 | $8,300 | $61,000 |
| 2023 | $1,294 | $64,400 | $8,300 | $56,100 |
| 2022 | $1,102 | $64,200 | $8,300 | $55,900 |
| 2021 | $1,030 | $46,500 | $8,300 | $38,200 |
| 2020 | $1,026 | $42,700 | $8,300 | $34,400 |
| 2019 | $1,414 | $32,400 | $7,600 | $24,800 |
| 2018 | $1,372 | $0 | $0 | $0 |
| 2016 | $1,524 | $0 | $0 | $0 |
| 2015 | $746 | $0 | $0 | $0 |
| 2014 | $746 | $0 | $0 | $0 |
| 2012 | $890 | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Mike Blow
Map
Source: NorthstarMLS
MLS Number: 6579977
APN: 34.007.1270
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