407 W Main St Albert Lea, MN 56007
Estimated Value: $86,000 - $249,000
4
Beds
2
Baths
2,172
Sq Ft
$69/Sq Ft
Est. Value
Highlights
- Bonus Room
- Living Room
- Dining Room
- No HOA
- Forced Air Heating and Cooling System
- 4-minute walk to Central Territorial
About This Home
As of October 2023Here is a large 4 bedroom 2 bath home with many updates already completed. Home is across the street from a park and is located close to downtown. There is a large dining room right off of the kitchen as well as the primary bedroom on the main floor.
Last Agent to Sell the Property
Realty ONE Group Black Diamond Listed on: 04/24/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,044
Year Built
- Built in 1886
Lot Details
- 4,792 Sq Ft Lot
- Lot Dimensions are 40x120
Interior Spaces
- 2,172 Sq Ft Home
- 2-Story Property
- Living Room
- Dining Room
- Bonus Room
- Basement
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Utilities
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
- Morins Add Subdivision
Listing and Financial Details
- Assessor Parcel Number 340071390
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 24, 2023
Closed on
Oct 6, 2023
Sold by
Cords Chris
Bought by
Borum Andrew and Borum Amber
Seller's Agent
Shannon Bordeaux
Realty ONE Group Black Diamond
Buyer's Agent
Dillon Dale
eXp Realty
List Price
$115,000
Sold Price
$87,500
Premium/Discount to List
-$27,500
-23.91%
Total Days on Market
141
Views
739
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
$62,427
Avg. Annual Appreciation
21.92%
Original Mortgage
$74,375
Outstanding Balance
$73,271
Interest Rate
7.23%
Mortgage Type
New Conventional
Estimated Equity
$50,019
Purchase Details
Closed on
Oct 1, 2013
Sold by
Brown Crawford R and Brown Marilee
Bought by
Cords Chris and Hensche Barbara
Similar Homes in Albert Lea, MN
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Borum Andrew | $87,500 | -- | |
| Cords Chris | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Borum Andrew | $74,375 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/06/2023 10/06/23 | Sold | $87,500 | -16.7% | $40 / Sq Ft |
| 09/14/2023 09/14/23 | Pending | -- | -- | -- |
| 08/09/2023 08/09/23 | Price Changed | $105,000 | -4.5% | $48 / Sq Ft |
| 07/10/2023 07/10/23 | Price Changed | $110,000 | -4.3% | $51 / Sq Ft |
| 04/25/2023 04/25/23 | For Sale | $115,000 | -- | $53 / 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 | $1,426 | $126,200 | $4,700 | $121,500 |
| 2023 | $1,108 | $113,800 | $4,700 | $109,100 |
| 2022 | $1,420 | $94,700 | $4,700 | $90,000 |
| 2021 | $1,252 | $102,100 | $4,700 | $97,400 |
| 2020 | $1,252 | $92,900 | $4,700 | $88,200 |
| 2019 | $1,036 | $82,500 | $4,300 | $78,200 |
| 2018 | $890 | $0 | $0 | $0 |
| 2016 | $750 | $0 | $0 | $0 |
| 2015 | $732 | $0 | $0 | $0 |
| 2014 | $738 | $0 | $0 | $0 |
| 2012 | $1,298 | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Shannon Bordeaux
Seller's Agent in 2023
Shannon Bordeaux
Realty ONE Group Black Diamond
(952) 215-6145
65 in this area
96 Total Sales
-
Dillon Dale
Buyer's Agent in 2023
Dillon Dale
eXp Realty
(507) 995-8477
31 in this area
124 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6359776
APN: 34.007.1390
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