NOT LISTED FOR SALE

506 E 5th St Albert Lea, MN 56007

Estimated Value: $103,089 - $141,000

3 Beds
1 Bath
1,464 Sq Ft
$79/Sq Ft Est. Value

Last Sold March 12, 2013

Last sale price $41,000 $28 Per Sq Ft

Est. 182% increase in value since last sale

Current estimated payment $702/month

69 Days on Market

Highlights

  • Formal Dining Room
  • 1 Car Attached Garage
  • Forced Air Heating and Cooling System

About This Home

As of March 2013

Original woodwork & some unique features. Just had new water pipes from street.

Home Details

Home Type

  • Single Family

Year Built

  • 1920

Lot Details

  • 8,712

Parking

  • 1 Car Attached Garage

Home Design

  • Frame Construction
  • Aluminum Siding

Interior Spaces

  • 1,464 Sq Ft Home
  • 2-Story Property
  • Formal Dining Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Additional Features

  • 8,712 Sq Ft Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 340361900

Home Details

Home Type

Single Family

Year Built

1920

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Classification: NonHomestead
  • Estimated Number of Acres: 0.2
  • Parcel Number: 340361900
  • Stories: 2 Story
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1920

Interior Features

  • Dining Room: Formal Dining Room
  • Total Bedrooms: 3
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Room 1: On Level: Second Floor
  • Room 2: On Level: Second Floor
  • Room 3: On Level: Second Floor
  • Room 5: On Level: Main
  • Room 9: On Level: Main
  • Room 12: On Level: Main
  • Room 15: On Level: Main
  • Basement Features: Unfinished
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 1464
  • Total Fin Square Footage: 1464
  • Total Square Footage: 2264

Exterior Features

  • Construction Type: Frame/Wood
  • Exterior: Aluminum

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 1

Utilities

  • Cooling: Central
  • Fuel: Natural Gas
  • Heat: Forced Air
  • Sewer: City
  • Water: City

Lot Info

  • Estimated Lot Dimensions: .20 ac

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 8, 2017
Sold by
Fisher James James
Bought by
Vines Rafael Rafael and Vines Samantha Samantha
Current Estimated Value
$115,772

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,186
Outstanding Balance
$59,260
Interest Rate
4.05%
Mortgage Type
FHA
Estimated Equity
$56,512

Purchase Details

Listed on
Nov 21, 2012
Closed on
Mar 12, 2013
Bought by
Fisher James James
List Price
$59,900
Sold Price
$41,000
Premium/Discount to List
-$18,900
-31.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.45%
Original Mortgage
$32,800
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 19, 2012
Sold by
Citimortgage Inc Successor In Interest B
Bought by
Federal Home Loan Mortgage Corp
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

Date Buyer Sale Price Title Company
Vines Rafael Rafael $72,500 --
Vines Rafael D $72,500 None Available
Fisher James James $41,000 --
Fisher James D -- --
Federal Home Loan Mortgage Corp -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vines Rafael D $71,186
Closed Vines Rafael Rafael $72,000
Previous Owner Fisher James D $32,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/12/2013 03/12/13 Sold $41,000 -31.6% $28 / Sq Ft
01/29/2013 01/29/13 Pending -- -- --
11/21/2012 11/21/12 For Sale $59,900 -- $41 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

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 $1,138 $76,900 $23,100 $53,800
2024 $1,038 $101,900 $16,500 $85,400
2023 $1,048 $89,700 $16,500 $73,200
2022 $1,352 $91,000 $16,500 $74,500
2021 $1,032 $81,000 $16,500 $64,500
2020 $804 $65,000 $11,600 $53,400
2019 $682 $56,000 $9,900 $46,100
2018 $658 $0 $0 $0
2016 $634 $0 $0 $0
2015 $614 $0 $0 $0
2014 $622 $0 $0 $0
2012 $694 $0 $0 $0
Source: Public Records

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4419717

REALTOR® Association of Southern Minnesota

APN: 34.036.1900

Minnesota Freeborn County Albert Lea 56007

506 E 5th St, Albert Lea, MN

Not Listed for Sale

Detached

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