$221,000
SOLD FEB 28, 2025

611 Giles Place Unit 2 Albert Lea, MN 56007

4 Beds
2 Baths
2,016 Sq Ft
9,583 Sq Ft Lot

Recently Sold

$110 Per Sq Ft

12% Below List Price

90 Days on Market

Highlights

  • No HOA
  • 2 Car Attached Garage
  • Central Air
  • The kitchen features windows
  • Living Room
  • Hot Water Heating System

About This Home

As of February 2025

Great location for this updated four bedroom, two bath home with an attached two car garage. Enjoy the great space this home has to offer. Large Park across the street and home is close to the City beach. Previously used as a two-unit duplex that has been converted into a single-family home. This home can easily be converted back to individual units as they still have their own furnace & electric/gas meters. Could make a great vacation rental or daycare business. Take a stroll through our 3D tour and then call for your private showing!

Last Agent to Sell the Property

Matt Johnson

Leland Realty Listed on: 10/25/2024

Co-Listed By

Heather Allen

Leland Realty

Last Buyer's Agent

Scott Millhouse

Leland Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,392

Year Built

  • Built in 1978

Lot Details

  • 9,583 Sq Ft Lot
  • Additional Parcels

Parking

  • 2 Car Attached Garage

Home Design

  • Bi-Level Home

Interior Spaces

  • Family Room
  • Living Room
  • Finished Basement
  • Basement Window Egress
  • The kitchen features windows
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Central Air
  • Hot Water Heating System
  • 100 Amp Service

Community Details

  • No Home Owners Association
  • Giles Place Condominium Subdivision

Listing and Financial Details

  • Assessor Parcel Number 344150010

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,392

Year Built

Built in 1978

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: 1978
  • Above Grade Finished Sq Ft: 1008
  • Unit Levels: Split Entry (Bi-Level)
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Egress Window(s), Finished
  • Living Area: 2016
  • Fireplace: No
  • Below Grade Finished Sq Ft: 1008
  • Basement YN: Yes
  • Dining Room Type: Kitchen, Living Room, Bedroom 1, Bedroom 2, Bathroom, Dining Room, Bedroom 3, Bedroom 4, Family Room

Beds/Baths

  • Total Bedrooms: 4
  • Three Quarter Bathrooms: 2

Garage/Parking

  • Parking Features: Attached Garage
  • Garage Square Feet: 500

Utilities

  • Heating: Hot Water
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers, 100 Amp Service
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Kitchen Center Island,Kitchen Window,Washer/Dryer Hookup

Schools

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

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 9879 sq ft
  • Lot Size Sq Ft: 9583.2
  • Land Lease: No
  • Additional Parcels Description: 344150020
  • Additional Parcels: Yes
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 344150010
  • Tax Annual Amount: 2392
  • TaxWithAssessments: 2392.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 25, 2024
Closed on
Feb 27, 2025
Sold by
Dmb Investment Properties Llc A Minneso
Bought by
Palmer Chance
Seller's Agent
Matt Johnson
Leland Realty
Buyer's Agent
Scott Millhouse
Leland Realty
List Price
$249,900
Sold Price
$221,000
Premium/Discount to List
-$28,900
-11.56%
Views
133
Current Estimated Value
$118,066

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$102,934
Avg. Annual Appreciation
-74.52%
Original Mortgage
$165,750
Outstanding Balance
$165,206
Interest Rate
7.04%
Mortgage Type
New Conventional
Estimated Equity
-$45,762

Purchase Details

Closed on
Aug 5, 2016
Sold by
Larson David David
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $221,000 --
Deed $485,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $165,750 New Conventional
Previous Owner $1,000,000 New Conventional
Previous Owner $0 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2025 02/28/25 Sold $221,000 -7.9% $110 / Sq Ft
01/23/2025 01/23/25 Pending -- -- --
12/05/2024 12/05/24 Price Changed $239,900 -4.0% $119 / Sq Ft
10/25/2024 10/25/24 For Sale $249,900 -- $124 / 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 $1,382 $90,700 $7,300 $83,400
2024 $1,192 $85,500 $7,300 $78,200
2023 $1,316 $75,400 $9,200 $66,200
2022 $1,292 $83,900 $9,200 $74,700
2021 $1,320 $70,500 $9,200 $61,300
2020 $1,240 $67,100 $9,200 $57,900
2019 $1,112 $61,000 $9,200 $51,800
2018 $1,080 $0 $0 $0
2016 $1,040 $0 $0 $0
2015 $1,016 $0 $0 $0
2014 $1,188 $0 $0 $0
2012 $1,426 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6622321

NorthstarMLS

APN: 34.415.0020