NOT LISTED FOR SALE

407 W Main St Albert Lea, MN 56007

Estimated Value: $85,000 - $146,000

4 Beds
2 Baths
2,172 Sq Ft
$56/Sq Ft Est. Value

Sale Details

Date Sold: October 6, 2023

Last sale price $87,500 $40 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $804 / mo

141 Days on Market

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 2023

Here 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

Shannon Bordeaux

Realty ONE Group Black Diamond Listed on: 04/24/2023

Realty ONE Group Black Diamond

Last Buyer's Agent

Dillon Dale

eXp Realty

eXp Realty

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

Home Design

  • Steel Siding

Interior Spaces

  • 2,172 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Dining Room
  • Bonus Room
  • Basement
  • Block Basement Construction

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,044

Year Built

Built in 1886

Lot Details

4,792 Sq Ft Lot

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1886
  • Above Grade Finished Sq Ft: 2172
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Block
  • Living Area: 2172
  • Fireplace: No
  • Basement YN: Yes
  • Dining Room Type: Kitchen, Dining Room, Informal Dining Room, Living Room, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bonus Room

Beds/Baths

  • Full Bathrooms: 2
  • Total Bedrooms: 4

Garage/Parking

  • Parking Features: Concrete

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

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

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 40x120
  • Lot Size Sq Ft: 4791.6
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Steel Siding

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 340071390
  • Tax Annual Amount: 1044
  • TaxWithAssessments: 1108.0000

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2023
Closed on
Oct 6, 2023
Sold by
Bought by
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%
Views
709
Current Estimated Value
$121,688

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,188
Avg. Annual Appreciation
12.84%
Original Mortgage
$74,375
Outstanding Balance
$72,326
Interest Rate
7.23%
Mortgage Type
New Conventional
Estimated Equity
$49,362

Purchase Details

Closed on
Oct 1, 2013
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$87,500 --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $74,375
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $1,750 $111,400 $10,900 $100,500
2025 $2,008 $111,400 $10,900 $100,500
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

    73 Total Sales

    Shannon Bordeaux
    Section Image
  • Dillon Dale

    Buyer's Agent in 2023

    Dillon Dale

    eXp Realty

    (507) 995-8477

    145 Total Sales

    Dillon Dale
    Section Image
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Map

Source: NorthstarMLS

MLS Number: 6359776

NorthstarMLS

APN: 34.007.1390

Minnesota Freeborn County Albert Lea 56007

407 W Main St, Albert Lea, MN

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

NorthstarMLS All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of NorthstarMLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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