NOT LISTED FOR SALE

518 E 4th St Albert Lea, MN 56007

Estimated Value: $187,000 - $222,171

4 Beds
2.5 Baths
2,180 Sq Ft
$93/Sq Ft Est. Value

Last Sold June 16, 2023

Last sale price $205,000 $94 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $1,302/month

194 Days on Market

Highlights

  • No HOA
  • The kitchen features windows
  • Living Room
  • Stainless Steel Appliances
  • Front Porch
  • Forced Air Heating and Cooling System

About This Home

As of June 2023

Welcome to 518 E 4th Street. This beautifully remodeled home has all the modern finishes while maintaining the 1919 charm and character. The list of updates is far too long to list here but some of the highlights include a fully refinished kitchen with newly tiled floors, gleaming white cabinets, tiled backsplash, new stainless high-end Samsung appliances, newly tiled baths, and a four-season porch with new windows, refinished hardwood floors with a dark chocolate stain, neutral paint, crown molding, two-panel doors, a huge added owners bedroom in the attic with new windows, and it even has views of the lake. There is also still room to expand if the new owner chooses to finish the basement it also has loads of storage space. Not only do you get all that but the location on this one is hard to beat. It is only a block from the lake and has a park right across the street complete with a playground, basketball court, and even an ice rink. Hurry and schedule your private showing today!

Last Agent to Sell the Property

Brian Durham

LPT Realty, LLC Listed on: 11/11/2022

LPT Realty, LLC

Co-Listed By

Valarie Smith

LPT Realty, LLC

Last Buyer's Agent

Jennifer Tolbers

Robert Hoffman Realty Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,631

Year Built

  • Built in 1919

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 68 x 131
  • Few Trees

Parking

  • 2 Car Garage

Interior Spaces

  • 2,180 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Washer and Dryer Hookup

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal
  • The kitchen features windows

Bedrooms and Bathrooms

  • 4 Bedrooms

Additional Features

  • Front Porch
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • Lake Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 340360710

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,631

Year Built

Built in 1919

Lot Details

0

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1919
  • Above Grade Finished Sq Ft: 2180
  • Unit Levels: More Than 2 Stories
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • FoundationDimensions: 26 x 28
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Full, Unfinished
  • Appliances: Dishwasher, Disposal, Gas Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances, Water Softener Owned
  • Living Area: 2180
  • Fireplace: No
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom, Laundry, Porch
  • SqFtTotal: 2908.00

Beds/Baths

  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • One Quarter Bathrooms: 1

Exterior Features

  • Roof: Age 8 Years or Less, Asphalt
  • PoolFeatures: None
  • Fencing: None
  • PatioPorchType: Front Porch

Garage/Parking

  • Parking Features: Detached, Concrete
  • Garage Square Feet: 360

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Hardwood Floors,Kitchen Window,Porch,Washer/Dryer Hookup,Walk-Up Attic

Schools

  • Junior High Dist: Albert Lea
  • SchoolDistrictNumber: 241
  • SchoolDistrictPhone: 507-379-4800

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 68 x 131
  • Lot Size Sq Ft: 8712
  • Land Lease: No
  • Lot Features: Tree Coverage - Light
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Metal Siding

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 340360710
  • Tax Annual Amount: 1631
  • TaxWithAssessments: 2082.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2022
Closed on
Jun 16, 2023
Sold by
R & R Level 1 Corrporation
Bought by
Guerrero Jose
Seller's Agent
Brian Durham
LPT Realty, LLC
Buyer's Agent
Jennifer Tolbers
Robert Hoffman Realty Inc.
List Price
$218,000
Sold Price
$205,000
Premium/Discount to List
-$13,000
-5.96%
Views
539
Current Estimated Value
$202,293

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,707
Avg. Annual Appreciation
-0.16%
Original Mortgage
$190,781
Outstanding Balance
$186,083
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$18,189

Purchase Details

Closed on
Jun 15, 2022
Sold by
Vaale Nancy and Vaale Lee
Bought by
R & R Level 1 Corporation
Source: Public Records

Range of Values:

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Average Value
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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
Guerrero Jose $205,000 --
R & R Level 1 Corporation $79,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Guerrero Jose $190,781
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2023 06/16/23 Sold $205,000 -4.7% $94 / Sq Ft
05/23/2023 05/23/23 Pending -- -- --
04/18/2023 04/18/23 Price Changed $215,000 -1.4% $99 / Sq Ft
03/16/2023 03/16/23 For Sale $218,000 0.0% $100 / Sq Ft
03/09/2023 03/09/23 Pending -- -- --
03/07/2023 03/07/23 Price Changed $218,000 -0.9% $100 / Sq Ft
11/25/2022 11/25/22 Price Changed $220,000 -2.2% $101 / Sq Ft
11/10/2022 11/10/22 For Sale $225,000 -- $103 / 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 $2,812 $203,900 $23,100 $180,800
2024 $1,260 $203,000 $16,500 $186,500
2023 $1,706 $103,400 $16,500 $86,900
2022 $2,082 $104,900 $16,500 $88,400
2021 $2,890 $92,800 $16,500 $76,300
2020 $1,866 $78,700 $11,600 $67,100
2019 $1,666 $67,900 $9,900 $58,000
2018 $1,634 $0 $0 $0
2016 $1,152 $0 $0 $0
2015 $1,112 $0 $0 $0
2014 $748 $0 $0 $0
2012 $796 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6308245

NorthstarMLS

APN: 34.036.0710