NOT LISTED FOR SALE

505 Clausen Dr Albert Lea, MN 56007

Estimated Value: $231,000 - $266,749

2 Beds
2 Baths
1,340 Sq Ft
$188/Sq Ft Est. Value

Last Sold February 17, 2023

Last sale price $232,000 $173 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $1,837/month

58 Days on Market

Highlights

  • Lake Front
  • Beach Access
  • 2 Car Attached Garage
  • Dock Facilities
  • City View
  • 5-minute walk to New Denmark Park

About This Home

As of February 2023

Charming lakefront condo with stunning water & city views can be yours! Neutral color palette with new lower level carpet. Large slider doors offer clear views of downtown Albert Lea and Fountain Lake. This property includes your own laundry room and large lower level storage area. Finished 2 stall garage and covered entryway. Walls and ceilings are freshly painted and move in ready. This is a center unit offering great light and energy efficiency. Roof was new in 2022. Come and see this unique lakefront property!

Last Agent to Sell the Property

Laura Cunningham

Listed on: 12/01/2022

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,446

Year Built

  • Built in 1985

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 25 x 100
  • Lake Front

HOA Fees

  • $225 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Steel Siding

Interior Spaces

  • 1-Story Property
  • Family Room
  • Living Room
  • Dining Room
  • Storage Room
  • City Views

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Partial Basement
  • Block Basement Construction
  • Basement Storage
  • Natural lighting in basement

Accessible Home Design

  • Accessible Pathway

Outdoor Features

  • Beach Access
  • Dock Facilities

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater
  • Cable TV Available

Community Details

  • Association fees include maintenance structure, dock, hazard insurance, lawn care, ground maintenance, trash, shared amenities, snow removal
  • Fountain Lake Condominium Association/ Michelle Ja Association, Phone Number (507) 318-9252

Listing and Financial Details

  • Assessor Parcel Number 342210060

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,446

Year Built

Built in 1985

Lot Details

0

HOA Fees

$225 per month

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Townhouse Side x Side
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: No Stairs External
  • Water Source: City Water/Connected
  • Association Amenities: Boat Slip, Dock
  • Fee Frequency: Monthly
  • Year Built: 1985
  • Above Grade Finished Sq Ft: 780
  • Water Body Name: Fountain
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: Cable
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Basement: Block, Daylight/Lookout Windows, Finished, Partial, Storage Space, Walkout
  • Appliances: Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Washer
  • Living Area: 1340
  • Fireplace: No
  • Below Grade Finished Sq Ft: 560
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Family Room, Kitchen, Bedroom 1, Bedroom 2, Laundry, Storage, Bathroom
  • Shared Rooms: Other

Beds/Baths

  • Full Bathrooms: 2
  • Total Bedrooms: 2

Exterior Features

  • Roof: Asphalt
  • PoolFeatures: None
  • Fencing: None
  • View: Lake
  • ConstructionMaterialsDesc: Block,Steel
  • LakeChain: N

Garage/Parking

  • Parking Features: Attached Garage, Asphalt, Garage Door Opener

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Maintenance Structure, Dock, Hazard Insurance, Lawn Care, Maintenance Grounds, Trash, Shared Amenities, Snow Removal
  • Phone: 507-318-9252
  • Association Fee: 225
  • Association: Yes
  • Amenities Unit: Balcony,Cable,City View,Deck,Dock,Main Floor Primary Bedroom,Natural Woodwork,Patio,Porch,Panoramic View,Boat Slip,Tile Floors,Washer/Dryer Hookup,Walk-In Closet

Association/Amenities

  • HOA Management Co: Fountain Lake Condominium Association/ Michelle Ja

Schools

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

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: Yes
  • Lot Size: 25 x 100
  • Lot Size Sq Ft: 7405.2
  • Land Lease: No
  • Lot Features: Accessible Shoreline
  • Additional Parcels: No
  • Zoning Description: Other
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Yes
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Steel Siding

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 342210060
  • Tax Annual Amount: 2446
  • TaxWithAssessments: 2500.0000

Multi Family

  • WaterfrontFeatures: Lake Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2022
Closed on
Feb 17, 2023
Sold by
Hansen Ronald and Hansen Nancy
Bought by
The Weidling Revocable Trust Dated April
Seller's Agent
Laura Cunningham
List Price
$259,900
Sold Price
$232,000
Premium/Discount to List
-$27,900
-10.73%
Views
140
Current Estimated Value
$251,937

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,937
Avg. Annual Appreciation
2.98%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
The Weidling Revocable Trust Dated April $232,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/17/2023 02/17/23 Sold $232,000 -10.7% $173 / Sq Ft
01/28/2023 01/28/23 Pending -- -- --
12/01/2022 12/01/22 For Sale $259,900 -- $194 / 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 $3,496 $234,800 $55,000 $179,800
2024 $2,844 $223,000 $55,000 $168,000
2023 $3,288 $186,100 $55,000 $131,100
2022 $2,500 $212,200 $36,700 $175,500
2021 $2,554 $159,100 $36,700 $122,400
2020 $2,602 $163,600 $36,700 $126,900
2019 $2,382 $153,400 $36,700 $116,700
2018 $2,436 $0 $0 $0
2016 $2,400 $0 $0 $0
2015 $2,346 $0 $0 $0
2014 $2,278 $0 $0 $0
2012 $2,222 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6313695

NorthstarMLS

APN: 34.221.0060