NOT LISTED FOR SALE

541 W Park Ln Albert Lea, MN 56007

Estimated Value: $339,000 - $478,000

4 Beds
3 Baths
3,018 Sq Ft
$136/Sq Ft Est. Value

Last Sold November 27, 2013

Last sale price $145,000 $48 Per Sq Ft

Est. 183% increase in value since last sale

Current estimated payment $2,721/month

15 Days on Market

Highlights

  • 66 Feet of Waterfront
  • Formal Dining Room
  • Eat-In Kitchen
  • Outdoor Water Feature
  • 2 Car Attached Garage
  • Patio

About This Home

As of November 2013

Fountain Lake Home! 66 feet of true lake shore!! 4 bedroom, 3 bathroom multi-level home featuring a living room with fireplace and sliding glass doors to patio. Lower level family room and basement rec. room. Master bedroom has 3/4 master bath. Central air with hot water heat. Some updates needed. Your chance to own a home on the lake!

Last Agent to Sell the Property

Dawn Swalve

Coldwell Banker Home Connection-AL Listed on: 08/07/2013

Last Buyer's Agent

Dawn Swalve

Coldwell Banker Home Connection-AL Listed on: 08/07/2013

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,480

Year Built

  • Built in 1955

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 66x174
  • 66 Feet of Waterfront
  • Lake Front

Home Design

  • Frame Construction
  • Wood Siding

Interior Spaces

  • 4-Story Property
  • Ceiling Fan
  • Gas Fireplace
  • Formal Dining Room
  • Dryer

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Cooktop
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Block Basement Construction
  • Natural lighting in basement

Parking

  • 2 Car Attached Garage
  • Tuck Under Garage
  • Driveway

Outdoor Features

  • Patio
  • Outdoor Water Feature

Utilities

  • Central Air

Community Details

  • Property is near a preserve or public land

Listing and Financial Details

  • Assessor Parcel Number 341320060

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,480

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Type: Single Family
  • Class: SINGLE FAMILY
  • Classification: Homestead
  • Amenities: Ceiling Fans, Eat-In Kitchen
  • Amenities Exterior: Driveway - Concrete, Patio, Water Feature
  • Estimated Number of Acres: 0.27
  • Parcel Number: 341320060
  • Property Adjoins Public Land: Yes
  • Stories: 4+ Level Split
  • Street Designation: Lane
  • Taxes With Assessments: 3480
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room: Eat-In Kitchen, Formal Dining Room
  • Fireplace: Yes
  • Fireplace Type: Gas
  • Appliances: Cooktop, Dishwasher, Dryer, Refrigerator, Wall Oven
  • Total Bedrooms: 4
  • Bathroom Description: 3/4 Basement, 3/4 Master, Private Master, Upper Level Bath
  • Total Bathrooms: 3
  • Three Quarter Bathrooms: 2
  • Full Bathrooms: 1
  • Total Bathrooms: 3
  • Room 2: Bedroom, 13x10, On Level: Upper
  • Room 3: Bedroom, 11x14, On Level: Upper
  • Room 5: Dining Room, 11x11, On Level: Main
  • Room 6: Family Room, 17x16, On Level: Lower
  • Room 9: Kitchen, 14x11, On Level: Main
  • Room 11: On Level: Lower
  • Room 12: Living Room, 19x20, On Level: Main
  • Room 13: Master Bedroom, 18x12, On Level: Upper
  • Room 16: Rec Room, 21x19, On Level: Basement
  • Basement Features: Daylight/Lookout Windows, Finished
  • Basement Material: Concrete Block
  • Basement Style: Full, Walk-out
  • Finished Above Grade Sq Ft: 2370
  • Below Grade Finished Sq Ft: 648
  • Total Fin Square Footage: 3018
  • Total Square Footage: 3186

Exterior Features

  • Frontage Road: City
  • Lake Class: Natural Environment
  • Waterfront Name: Fountain
  • Construction Type: Frame/Wood
  • Exterior: Wood
  • Waterfront: Yes
  • Water Frontage: 66
  • Waterfront Description: Lake

Garage/Parking

  • Garage Type: Attached, Tuckunder
  • Garage Capacity: 2

Utilities

  • Cooling: Central
  • Fuel: Natural Gas
  • Sewer: City
  • Water: City

Schools

  • School District: Albert Lea #241

Lot Info

  • Estimated Lot Dimensions: 66X174

Building Info

  • Year Built: 1955

Tax Info

  • Year: 2013
  • Tax Value: 3480

MLS Schools

  • School District: Albert Lea #241

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 28, 2016
Sold by
Hall Dennis Dennis
Bought by
Nelson Justin Justin
Current Estimated Value
$410,665

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$339,500
Interest Rate
3.48%

Purchase Details

Listed on
Aug 7, 2013
Closed on
Nov 27, 2013
Sold by
Joachim Kennetho and Joachim Karen A
Bought by
Hall Dennis G
Seller's Agent
Dawn Swalve
Coldwell Banker Home Connection-AL
Buyer's Agent
Dawn Swalve
Coldwell Banker Home Connection-AL
List Price
$189,900
Sold Price
$145,000
Premium/Discount to List
-$44,900
-23.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.82%
Source: Public Records

Range of Values:

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Average Value
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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
Nelson Justin Justin $349,500 --
Hall Dennis G -- North American Title Compan
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nelson Justin Justin $339,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/27/2013 11/27/13 Sold $145,000 -23.6% $48 / Sq Ft
08/22/2013 08/22/13 Pending -- -- --
08/07/2013 08/07/13 For Sale $189,900 -- $63 / 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 $6,514 $425,900 $101,800 $324,100
2024 $6,106 $421,600 $101,800 $319,800
2023 $5,948 $404,700 $101,800 $302,900
2022 $5,130 $384,400 $95,800 $288,600
2021 $5,038 $297,900 $95,800 $202,100
2020 $4,712 $274,300 $71,800 $202,500
2019 $4,522 $266,300 $71,800 $194,500
2018 $4,430 $0 $0 $0
2016 $2,884 $0 $0 $0
2015 $2,616 $0 $0 $0
2014 $3,114 $0 $0 $0
2012 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2013

    Dawn Swalve

    Coldwell Banker Home Connection-AL

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4517328

REALTOR® Association of Southern Minnesota

APN: 34.132.0060

Minnesota Freeborn County Albert Lea 56007

541 W Park Ln, Albert Lea, MN

This home is located at 541 W Park Ln, Albert Lea, MN 56007 since 07 August 2013 and is currently estimated at $410,665, approximately $136 per square foot. This property was built in 1955. 541 W Park Ln is a home located in Freeborn County with nearby schools including Lakeview Elementary School, Southwest Middle School, and Albert Lea Senior High School.

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.

REALTOR® Association of Southern Minnesota IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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