513 W Main St Albert Lea, MN 56007
Estimated Value: $135,000 - $160,000
5
Beds
3
Baths
2,372
Sq Ft
$63/Sq Ft
Est. Value
About This Home
As of November 2022This triplex is a great investment property. All units are currently rented out on a month to month lease. Electric is separated for each unit. Main floor unit pays their own gas bill and upper level units are paid by the owner. Main floor unit has 3 bedrooms and is $575/mo. Upper units each have 1 bedroom and are $525/mo. Alley access for parking in the back. All units have access to the basement for laundry services.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,214
Year Built
- Built in 1895
Lot Details
- 8,712
Home Design
- Triplex
Interior Spaces
- 2,372 Sq Ft Home
- 2-Story Property
- Unfinished Basement
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Additional Features
- Lot Dimensions are 63x137x63x136
- Forced Air Heating System
Community Details
- 3 Units
- Morins Add Subdivision
Listing and Financial Details
- Tenant pays for cable TV, electricity, fuel
- The owner pays for fuel, insurance, grounds care, repairs, snow removal, taxes, trash collection, water
- Assessor Parcel Number 340072120
Similar Home in Albert Lea, MN
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/15/2022 11/15/22 | Sold | $135,000 | -15.6% | $57 / Sq Ft |
| 09/23/2022 09/23/22 | Pending | -- | -- | -- |
| 09/21/2022 09/21/22 | For Sale | $160,000 | -- | $67 / 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 | $2,136 | $116,000 | $7,600 | $108,400 |
| 2023 | $1,446 | $107,300 | $7,600 | $99,700 |
| 2022 | $1,214 | $69,100 | $7,600 | $61,500 |
| 2021 | $1,134 | $49,200 | $7,600 | $41,600 |
| 2020 | $1,130 | $45,100 | $7,600 | $37,500 |
| 2019 | $1,346 | $57,600 | $7,000 | $50,600 |
| 2018 | $1,216 | $0 | $0 | $0 |
| 2016 | $1,186 | $0 | $0 | $0 |
| 2015 | $1,144 | $0 | $0 | $0 |
| 2014 | $1,144 | $0 | $0 | $0 |
| 2012 | $1,678 | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Lisa Evans
Seller's Agent in 2022
Lisa Evans
Realty ONE Group Black Diamond
(507) 461-3790
114 in this area
193 Total Sales
-
Crystal Hoiseth
C
Buyer's Agent in 2022
Crystal Hoiseth
Real Estate for Investors
(507) 402-2784
16 in this area
21 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6259782
APN: 34.007.2120
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