NOT LISTED FOR SALE

622 W Richway Dr Albert Lea, MN 56007

Estimated Value: $380,767 - $425,000

5 Beds
3 Baths
2,882 Sq Ft
$137/Sq Ft Est. Value

Last Sold July 24, 2020

Last sale price $290,000 $101 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $2,639/month

396 Days on Market

Highlights

  • Water Softener is Owned
  • Forced Air Heating System
  • 1-Story Property

About This Home

As of July 2020

How awesome would it be to live on direct accessible shoreline? This gorgeous ranch lake home has all you need! 5 bedrooms, 3 baths, oversize 2 stall garage, 2 fireplaces, huge lower family room. Many updates, MUST SEE to appreciate!!!! Hurry this will not last, start living like being on vacation now. Near amenities like the boat landing, dog park, community garden and the Blue Zone walking path around the lake.

Last Listed By

Pam Schmidt

Coldwell Banker River Valley, REALTORS Listed on: 05/21/2019

Coldwell Banker River Valley, REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,092

Year Built

  • Built in 1977

Lot Details

  • 0.38

Parking

  • 2

Home Design

  • Asphalt Shingled Roof

Kitchen

  • Range
  • Microwave
  • Dishwasher

Laundry

  • Dryer
  • Washer

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Drainage System
  • Sump Pump
  • Basement Window Egress

Utilities

  • Forced Air Heating System
  • Water Softener is Owned

Additional Features

  • 1-Story Property
  • 0.38 Acre Lot

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,092

Year Built

Built in 1977

Lot Details

0

Parking

2

Listing Details

  • Property ID: 342620010
  • Prop Type: SF
  • Style: (SF) Single Family
  • Directions: N on Bridge St. Turn W on Richway Dr. Home on Northside of street by the bridge
  • Sq Ft Above Ground: 1629
  • Sq Ft Below Ground: 1253
  • Projected Close Date: 07/24/2020
  • Total Finished Square Fo: 2882
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Kitchen: On Level: Main, 22x17
  • Living Rm: On Level: Main, 18x15
  • Family Rm: On Level: Lower, 35x13
  • Bedroom 1: On Level: Main, 15x12
  • Bedroom 2: On Level: Main, 12x11
  • Bedroom 3: On Level: Main, 11x11
  • Bedroom 4: On Level: Lower, 14x10
  • Room 1: Fifth (5th) Bedroom, On Level: Lower, 14x11
  • Room 2: Laundry, On Level: Main, 10x9
  • Basement: Walkout, Full, Partial Finished, Drainage System, Sump Pump, Egress Windows
  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Water Softener - Owned
  • Total Fireplaces: 2
  • Fireplace: Wood Stove, Gas Burning
  • Bedrooms: 5
  • Bathroom Description: Main Floor Full Bath, Main Floor 3/4 Bath, 3/4 Basement
  • Full Bathrooms: 1
  • Bathrooms Three Quarters: 2
  • Family Room Characterist: Main Level, Lower Level
  • Stories: 1 Story

Exterior Features

  • Out Buildings: Storage Shed
  • Exterior: Wood, Brick/Stone
  • Roof: Asphalt Shingles
  • LakeAcres: 521.29
  • Lake Waterfront: Channel Shore
  • Waterfront Name: Fountain
  • Waterfront Number: 24001800
  • Waterfront View: Lake
  • Foundation Size: 1629

Garage/Parking

  • Description: Attached Garage
  • Spaces: 2

Utilities

  • Cooling: Central
  • Heating: Forced Air
  • Water: City Water/Connected
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas
  • Electric: Breakers

Condo/Co-op/Association

  • Amenities: Deck, Patio, Kitchen Window, Kitchen Center Island, Ceiling Fan(s), Hardwood Floors, Main Floor Master Bedroom, Wet Bar, Washer/Dryer Hookup

Schools

  • School Dist.: 241 - Albert Lea
  • District Ph: 507-379-4800

Lot Info

  • Zoning: Residential-Single
  • Lot Size Dim: 101x30x112x114x163
  • Acres: 0.380
  • Map Page And Coordinates: 999A1
  • Map Page: 999
  • Lot Size Sq Ft: 16552.80

Tax Info

  • Tax w/Asses: 4092.00
  • Tax Amount: 4092
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2019
Closed on
Jul 24, 2020
Sold by
Drewry Williwm F and Drewry Jeanette M
Bought by
Yaw Robert and Yaw Patricia
Seller's Agent
Pam Schmidt
Coldwell Banker River Valley, REALTORS
Buyer's Agent
Craig Houim
Century 21 Atwood
List Price
$333,500
Sold Price
$290,000
Premium/Discount to List
-$43,500
-13.04%
Total Days on Market
396
Current Estimated Value
$394,192

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$104,192
Avg. Annual Appreciation
6.58%
Original Mortgage
$281,300
Outstanding Balance
$207,323
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$186,869

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.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

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.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

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.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

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.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Similar Homes in Albert Lea, MN

  • 321 Meredith Rd, Albert Lea, MN 56007

    $348,000

    • 4 Beds
    • 3 Baths
    • 321 Meredith Rd
    • Albert Lea, MN

    move in ready in a great neighborhood. All 4 bedrooms on upper floor along with primary bathroom and a new double sink bathroom Main floor with 2 living rooms one with a fireplace , formal dining room and a beautiful eat in kitchen walking out to a deck and fire pit area great for entertaining guest. Basement completely updated . New roof , professionally landscaped & exterior professionally

    Eunice Linarte Beycome Brokerage Realty LLC

    Section Image
  • 209 Green Lea Ln, Albert Lea, MN 56007

    $369,000

    • 3 Beds
    • 3 Baths
    • 3,068 Sq Ft
    • 209 Green Lea Ln
    • Albert Lea, MN

    Very well maintained and updated 3 bed/3 bath home. Large eat in kitchen, insulated 3 stall garage, main floor laundry and all bedrooms on main level. Brand new roof in 2024. Too many updates to list. See supplement for full list. Basement has an egress window added to make it an easy addition of a 4th bedroom. Move right in and enjoy a central located home that is close to the lake and golf

    Michael Polis Edina Realty, Inc.

    Section Image
  • 309 Willamor Rd, Albert Lea, MN 56007

    $399,900

    • 4 Beds
    • 2 Baths
    • 1,831 Sq Ft
    • 309 Willamor Rd
    • Albert Lea, MN

    Completely renovated four bedroom two bath multi-level home is a must see property to truly appreciate the love that went into the numerous home improvements. New kitchen w/ wi-fi capable stainless appliances, custom cabinets & marble & butcher block counter-tops, new windows, new roof, new doors, new flooring hardwood & carpets, stunning landscaping w/ numerous perennials & walking paths down to

    Rick Mummert Century 21 Atwood

    Section Image
  • 205 Ridge Rd, Albert Lea, MN 56007

    $449,900

    • 3 Beds
    • 2.5 Baths
    • 2,694 Sq Ft
    • 205 Ridge Rd
    • Albert Lea, MN

    Schedule your appointment today to tour this spacious two-story three bedroom home with a fully equipped gourmet kitchen which includes a double oven, walk-in pantry, warming drawer, large center island and granite counter tops. Other home upgrades include large primary bedroom suite with full primary bathroom, composite decking and aluminum guardrails on the two level deck, new roof and

    Craig Houim Century 21 Atwood

    Section Image
  • 636 E Park Ave, Albert Lea, MN 56007

    $328,900

    • 3 Beds
    • 2 Baths
    • 2,128 Sq Ft
    • 636 E Park Ave
    • Albert Lea, MN

    RECENTLY UPDATED 3 BED 2 FULL BATH AND PARTIALLY FINISHED 3RD BATH HOME WITH BREATHTAKING VIEWS OF FOUNTAIN LAKE. SEPERATE ENTRANCES TO UPPER AND LOWER LEVELS SO YOU COULD USE AS AN INVESTMENT OPPORTUNITY OR ENJOY THE SPACE AS A SINGLE-FAMILY HOME. THE DOCK IS INCLUDED WITH THIS WATERFRONT PROPERTY. WHEN YOU WALK INTO THE FOYER YOU WALK ONTO HEATED TILE FLOORS. BEAUTIFUL ORIGINAL WOODWORK. 2

    Tiffany Flynn Infinity Real Estate

    Section Image
  • 1613 Bunker Hill Rd, Albert Lea, MN 56007

    $399,000

    • 4 Beds
    • 3 Baths
    • 3,282 Sq Ft
    • 1613 Bunker Hill Rd
    • Albert Lea, MN

    Welcome to this well maintained, move in ready 4 bedroom, 3 bath home featuring a spacious 3 car garage, large deck and a fenced in yard - perfect for outdoor relaxation and entertaining. Step inside to discover a bright and airy family room with vaulted ceilings and a built-in entertainment center, providing a cozy yet modern feel. The generous primary suite boasts a luxurious ensuite

    Steve Lehner Leland Realty

    Section Image
  • 1650 Hammer Rd, Albert Lea, MN 56007

    $390,000

    • 4 Beds
    • 2.5 Baths
    • 2,908 Sq Ft
    • 1650 Hammer Rd
    • Albert Lea, MN

    This 4 bedroom, 3 bath home includes over 1,100 square feet of garage space, sunroom, jacuzzi tub, amazing views and located on the north side of Albert Lea just 1/2 mile from the high school. This property also includes a 32' x 72' heated and cooled shop that would be perfect for your home based business. This property is located on blacktop, and is on city water and sewer. Neighboring

    Jared Dawson Leland Realty

    Section Image
  • 2081 Paradise Rd, Albert Lea, MN 56007

    $442,500

    • 3 Beds
    • 2 Baths
    • 1,800 Sq Ft
    • 2081 Paradise Rd
    • Albert Lea, MN

    Hard to find large one level living quality construction with 3 car garage. Modify the home however you may want. Features large owner's suite with private bath and walk-in tiled shower along with walk-in closet, which then leads to the laundry room. The third bedroom can be customized to home office, game room, or den. This is a to-be-built, which allows for any customizations wanted. Model may

    Michael Davis Bridge Realty, LLC

    Section Image
  • 1210 Southview Ln, Albert Lea, MN 56007

    $369,900

    • 4 Beds
    • 2 Baths
    • 3,006 Sq Ft
    • 1210 Southview Ln
    • Albert Lea, MN

    A real gem in Albert Lea. Beautiful 3000 ft4/2/2 home on landscaped/fenced lot with mature trees. Main floor has been completley updated. Features include 3/4" solid oak floors, new gourmet kitchen with custom cabinetry, hidden beverage bar, sliding shelves, and extensive built-ins. Professional grade stainless-steel appliances including 5-burner induction cooktop, frig, and wall oven.

    Jim Berg RE/MAX Results

    Section Image

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
Yaw Robert $290,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yaw Patricia $281,300
Closed Yaw Robert $281,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2020 07/24/20 Sold $290,000 -3.3% $101 / Sq Ft
06/20/2020 06/20/20 Pending -- -- --
10/04/2019 10/04/19 Price Changed $299,900 -3.3% $104 / Sq Ft
07/09/2019 07/09/19 Price Changed $310,000 -7.0% $108 / Sq Ft
05/21/2019 05/21/19 For Sale $333,500 +19.7% $116 / Sq Ft
03/28/2016 03/28/16 Sold $278,500 -7.1% $85 / Sq Ft
02/26/2016 02/26/16 Pending -- -- --
10/23/2015 10/23/15 For Sale $299,900 -- $92 / 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
2024 $5,442 $364,100 $81,800 $282,300
2023 $4,992 $364,100 $81,800 $282,300
2022 $4,742 $329,500 $65,500 $264,000
2021 $4,688 $277,500 $65,500 $212,000
2020 $4,450 $260,600 $65,500 $195,100
2019 $4,092 $243,600 $65,500 $178,100
2018 $4,026 $0 $0 $0
2016 $3,568 $0 $0 $0
2015 $3,486 $0 $0 $0
2014 $3,538 $0 $0 $0
2012 $4,090 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: NorthstarMLS

MLS Number: NST5234509

NorthstarMLS

APN: 34.262.0010