NOT LISTED FOR SALE

315 E William St Albert Lea, MN 56007

Estimated Value: $113,000 - $152,000

4 Beds
3 Baths
1,751 Sq Ft
$73/Sq Ft Est. Value

Last Sold February 22, 2024

Last sale price $110,000 $63 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $821/month

64 Days on Market

Highlights

  • Porch
  • Forced Air Heating System
  • 2-minute walk to Snyder Park

About This Home

As of February 2024

The real estate investment is right here. Nice duplex or could be single family home. Has 2 (2bedroom apartments) with a great investment return. Upper level is currently occupied. Single stall detached garage, with parking in driveway for tenants. Within a block of downtown and Fountain Lake.

Last Agent to Sell the Property

Josh Harmdierks

Unique Realty Listed on: 12/07/2023

Last Buyer's Agent

Crystal Hoiseth

Real Estate for Investors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,422

Year Built

  • Built in 1898

Lot Details

  • 6,098

Parking

  • 1 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 1,751 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Partial Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Utilities

  • Forced Air Heating System
  • 100 Amp Service
  • Cable TV Available

Additional Features

  • Porch
  • Lot Dimensions are 49x124

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 340011290

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,422

Year Built

Built in 1898

Lot Details

0

Parking

1

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Up and Down
  • Garage Spaces: 1
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1898
  • Above Grade Finished Sq Ft: 1751
  • Water Sewer Expenses: 1080
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: Cable
  • FoundationDimensions: 30x16
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Partial, Unfinished
  • Living Area: 1751
  • Basement YN: Yes
  • Amenities: Cable,Main Floor Primary Bedroom,Porch
  • Appliances: Dryer,Gas Water Heater,Range
  • Number Of Fireplaces: 0
  • Total Rooms: 6
  • Appliances: Range
  • Total Rooms: 5

Beds/Baths

  • Total Bedrooms: 4

Exterior Features

  • Roof: Asphalt
  • Fencing: None
  • ConstructionMaterialsDesc: Frame
  • PatioPorchType: Porch

Garage/Parking

  • Parking Features: Detached, Gravel
  • Garage Square Feet: 320
  • Garage Door Height: 7
  • Other Parking Spaces: 1
  • Other Parking Spaces: 1

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: Fuses, 100 Amp Service
  • Fuel: Natural Gas
  • Number of Ranges: One

Schools

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

Lot Info

  • Topography: Hilly
  • Lot Size: 49x124
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Yes
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Slate
  • Units Total: 2

Rental Info

  • Expenses: 8228.0000

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 340011290
  • Tax Annual Amount: 1422
  • TaxWithAssessments: 1926.0000

Multi Family

  • ElectricExpense: 1866
  • FuelExpense: 1866
  • Number Of Refrigerators: One

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 7, 2023
Closed on
Feb 22, 2024
Sold by
Sanchez Enterprises Llc
Bought by
Cch Rental Services Llc
Seller's Agent
Josh Harmdierks
Unique Realty
Buyer's Agent
Crystal Hoiseth
Real Estate for Investors
List Price
$129,999
Sold Price
$110,000
Premium/Discount to List
-$19,999
-15.38%
Views
96
Current Estimated Value
$127,695

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,695
Avg. Annual Appreciation
7.24%

Purchase Details

Closed on
May 24, 2023
Sold by
Boyers Rental Properties Llc A Limited
Bought by
Sanchez Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
6.27%
Mortgage Type
New Conventional
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
Cch Rental Services Llc $110,000 --
Sanchez Enterprises Llc $72,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sanchez Enterprises Llc $72,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/22/2024 02/22/24 Sold $110,000 -15.4% $63 / Sq Ft
02/10/2024 02/10/24 Pending -- -- --
12/07/2023 12/07/23 For Sale $129,999 -- $74 / 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 $1,722 $114,600 $13,600 $101,000
2024 $1,914 $84,900 $5,800 $79,100
2023 $1,926 $78,600 $5,800 $72,800
2022 $1,662 $78,300 $5,800 $72,500
2021 $1,580 $54,400 $5,800 $48,600
2020 $1,640 $51,900 $5,800 $46,100
2019 $1,280 $34,800 $5,300 $29,500
2018 $744 $0 $0 $0
2016 $480 $0 $0 $0
2015 $466 $0 $0 $0
2014 $470 $0 $0 $0
2012 $610 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6466629

NorthstarMLS

APN: 34.001.1290