NOT LISTED FOR SALE

602 E 5th St Albert Lea, MN 56007

Estimated Value: $92,000 - $158,000

3 Beds
3 Baths
1,404 Sq Ft
$88/Sq Ft Est. Value

About This Home

This home is located at 602 E 5th St, Albert Lea, MN 56007 and is currently estimated at $123,473, approximately $87 per square foot. 602 E 5th St is a home located in Freeborn County with nearby schools including Halverson Elementary School, Southwest Middle School, and Albert Lea Senior High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 23, 2024
Sold by
Squires Carilee
Bought by
Sorum Faith
Current Estimated Value
$123,473

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,000
Outstanding Balance
$56,685
Interest Rate
6.47%
Mortgage Type
New Conventional
Estimated Equity
$63,849
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Sorum Faith $60,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sorum Faith $57,000
Previous Owner Squires Carilee J $8,000
Source: Public Records

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
2024 $2,376 $103,500 $16,500 $87,000
2023 $64 $91,100 $16,500 $74,600
2022 $54 $92,400 $16,500 $75,900
2021 $53 $81,500 $16,500 $65,000
2020 $53 $65,900 $11,600 $54,300
2019 $328 $56,800 $9,900 $46,900
2018 $339 $0 $0 $0
2016 $370 $0 $0 $0
2015 $386 $0 $0 $0
2014 $1,002 $0 $0 $0
2012 $1,166 $0 $0 $0
Source: Public Records

Map

Minnesota Freeborn County Albert Lea 56007

602 E 5th St, Albert Lea, MN

This home is located at 602 E 5th St, Albert Lea, MN 56007 and is currently estimated at $123,473, approximately $87 per square foot. 602 E 5th St is a home located in Freeborn County with nearby schools including Halverson Elementary School, Southwest Middle School, and Albert Lea Senior High School.

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