406 Channel Rd Albert Lea, MN 56007
Estimated Value: $487,103 - $597,000
4
Beds
5
Baths
5,408
Sq Ft
$104/Sq Ft
Est. Value
Highlights
- Beach View
- No HOA
- Porch
- Family Room with Fireplace
- Home Gym
- 2 Car Attached Garage
About This Home
As of December 2020Tremendous amount of living space just on the main floor of this home which is across the street from the channel of Fountain Lake. Kitchen has
a breakfast bar which opens to the family room and fireplace. Separate formal dining room is between the kitchen and the large living room
with the second fireplace and large windows overlooking the channel. A three season porch off of the kitchen/dining room with access
to the outdoor patio. The large master suite offers a private patio and the third fireplace, plus a luxurious master bath and large walk-in closet.
Upper level has 3 bedrooms, one of which is the original master with 3/4 bath. Lower level has a large family room, exercise room and 1/2
bath.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,949
Year Built
- Built in 1966
Lot Details
- 0.34 Acre Lot
- Irregular Lot
Parking
- 2 Car Attached Garage
Home Design
- Asphalt Shingled Roof
- Rubber Roof
- Wood Siding
- Cedar Siding
Interior Spaces
- 2-Story Property
- Ceiling Fan
- Family Room with Fireplace
- 3 Fireplaces
- Great Room
- Living Room with Fireplace
- Home Gym
- Beach Views
Kitchen
- Built-In Oven
- Cooktop
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 4 Bedrooms
Laundry
- Dryer
- Washer
Partially Finished Basement
- Partial Basement
- Crawl Space
Outdoor Features
- Patio
- Porch
Utilities
- Forced Air Heating and Cooling System
- Water Softener is Owned
Community Details
- No Home Owners Association
- Shoreland Heights Subdivision
Listing and Financial Details
- Assessor Parcel Number 341352090
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 9, 2020
Closed on
Dec 7, 2020
Sold by
Olson Corbyn J and Olson Matthew S
Bought by
Theuer Allen G and Theuer Mary C
Buyer's Agent
Mario Mjelleli
Edina Realty, Inc.
List Price
$425,000
Sold Price
$390,000
Premium/Discount to List
-$35,000
-8.24%
Total Days on Market
17
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
$172,026
Avg. Annual Appreciation
6.79%
Original Mortgage
$383,300
Outstanding Balance
$345,159
Interest Rate
2.7%
Mortgage Type
VA
Estimated Equity
$177,186
Purchase Details
Listed on
Mar 24, 2017
Closed on
Oct 30, 2017
Sold by
Grothe Nancy Nancy
Bought by
Olson Matthew Matthew and Olson Corbyn Corbyn
Seller's Agent
Craig Houim
Century 21 Atwood
Buyer's Agent
Terry Fox
Coldwell Banker River Valley, REALTORS
List Price
$339,900
Sold Price
$270,000
Premium/Discount to List
-$69,900
-20.56%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.59%
Original Mortgage
$230,000
Interest Rate
3.85%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 25, 2012
Sold by
Christensen Lorraine J
Bought by
Grothe Nancy A
Create a Home Valuation Report for This Property
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Similar Home in Albert Lea, MN
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Theuer Allen G | $390,000 | None Available | |
| Olson Matthew Matthew | $270,000 | -- | |
| Olson Matthew S | $270,000 | None Available | |
| Grothe Nancy A | -- | -- | |
| Christensen Lorraine J | -- | -- | |
| Theuer Allen Allen | $390,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Theuer Allen G | $383,300 | |
| Previous Owner | Olson Matthew S | $62,000 | |
| Previous Owner | Olson Matthew S | $230,000 | |
| Previous Owner | Olson Matthew Matthew | $269,500 | |
| Closed | Theuer Allen Allen | $387,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/07/2020 12/07/20 | Sold | $390,000 | -8.2% | $72 / Sq Ft |
| 10/26/2020 10/26/20 | Pending | -- | -- | -- |
| 10/09/2020 10/09/20 | For Sale | $425,000 | +57.4% | $79 / Sq Ft |
| 10/31/2017 10/31/17 | Sold | $270,000 | -20.6% | $49 / Sq Ft |
| 09/20/2017 09/20/17 | Pending | -- | -- | -- |
| 03/24/2017 03/24/17 | For Sale | $339,900 | -- | $61 / 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 |
|---|---|---|---|---|
| 2024 | $7,644 | $498,900 | $59,300 | $439,600 |
| 2023 | $6,752 | $506,500 | $59,300 | $447,200 |
| 2022 | $6,324 | $442,000 | $59,300 | $382,700 |
| 2021 | $5,104 | $361,000 | $59,300 | $301,700 |
| 2020 | $5,496 | $289,500 | $59,300 | $230,200 |
| 2019 | $5,474 | $289,500 | $59,300 | $230,200 |
| 2018 | $6,840 | $0 | $0 | $0 |
| 2016 | $6,410 | $0 | $0 | $0 |
| 2015 | $6,300 | $0 | $0 | $0 |
| 2014 | $6,670 | $0 | $0 | $0 |
| 2012 | $6,342 | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Steve Lehner
Seller Co-Listing Agent in 2020
Steve Lehner
Leland Realty
(507) 391-0195
52 Total Sales
-
Mario Mjelleli
Buyer's Agent in 2020
Mario Mjelleli
Edina Realty, Inc.
(507) 210-6881
56 Total Sales
-
Craig Houim
Seller's Agent in 2017
Craig Houim
Century 21 Atwood
(507) 387-3131
150 Total Sales
-
Rick Mummert
Seller Co-Listing Agent in 2017
Rick Mummert
Century 21 Atwood
(507) 383-5773
283 Total Sales
-
Terry Fox
T
Buyer's Agent in 2017
Terry Fox
Coldwell Banker River Valley, REALTORS
(507) 373-0115
40 Total Sales
Map
Source: NorthstarMLS
MLS Number: NST5671930
APN: 34.135.2090
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