NOT LISTED FOR SALE

704 Madison Ave Albert Lea, MN 56007

Estimated Value: $95,479 - $139,000

4 Beds
2 Baths
2,262 Sq Ft
$54/Sq Ft Est. Value

Last Sold June 22, 2017

Last sale price $49,900 $22 Per Sq Ft

Est. 141% increase in value since last sale

Current estimated payment $762/month

9 Days on Market

Highlights

  • Corner Lot
  • Porch
  • Baseboard Heating
  • Detached Garage

About This Home

As of June 2017

Duplex on a corner lot with both units recently remodeled. New kitchen cabinets, countertops, and flooring. New bathroom fixtures, updated plumbing, vanities, and flooring. Some new windows, and both units also have new paint and carpet throughout. Basement could be future 3rd apartment, as it has plumbing and electrical rough-ins, along with some walls framed up. Potentially a great income property!

Last Agent to Sell the Property

Tim Schultz

RE/MAX DYNAMIC AGENTS Listed on: 04/24/2017

RE/MAX DYNAMIC AGENTS

Last Buyer's Agent

Non Member

Non-Member

Property Details

Home Type

  • Multi-Family

Year Built

  • 1890

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 55x100
  • Corner Lot

Home Design

  • Duplex
  • Frame Construction
  • Asphalt Shingled Roof
  • Slate

Interior Spaces

  • 2,262 Sq Ft Home
  • 2-Story Property
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Stone Basement

Parking

  • Detached Garage
  • Off-Street Parking

Outdoor Features

  • Porch

Location

  • Ground Level
  • Upper Level

Utilities

  • Baseboard Heating
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 340141050

Property Details

Home Type

Multi-Family

Year Built

1890

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Classification: NonHomestead
  • Style: Duplex - Up & Down
  • Assessments: Yes
  • Construction: Previously Owned
  • Foundation Size: 1131
  • Mechanicals: Water Heater - Gas
  • Parcel Number: 340141050
  • Stories: 2 Story
  • Street Designation: Avenue
  • Estimated Number of Acres: 0.12
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1890

Interior Features

  • Appliances: Dishwasher
  • Total Bedrooms: 4
  • Total Bathrooms: 2
  • Basement Features: Unfinished
  • Basement Material: Stone
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 2262
  • Total Square Footage: 2262

Exterior Features

  • Frontage Road: City
  • Construction Type: Frame/Wood
  • Exterior: Slate
  • Roof: Asphalt Shingles
  • Exterior Amenities: Porch

Garage/Parking

  • Garage Type: Detached

Utilities

  • Fuel: Natural Gas
  • Heat: Baseboard
  • Sewer: City
  • Water: City

Lot Info

  • Lot/Land Description: Corner Lot, Paved Streets
  • Estimated Lot Dimensions: 55X100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2017
Closed on
Jun 22, 2017
Sold by
G & C Properties Llc
Bought by
Raygor Homes Llc
Seller's Agent
Tim Schultz
RE/MAX DYNAMIC AGENTS
Buyer's Agent
Non Member
Non-Member
List Price
$79,900
Sold Price
$49,900
Premium/Discount to List
-$30,000
-37.55%
Current Estimated Value
$120,154

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,254
Avg. Annual Appreciation
10.78%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Raygor Homes Llc $49,900 None Available
G & C Properties Llc $72,900 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/22/2017 06/22/17 Sold $49,900 -37.5% $22 / Sq Ft
05/03/2017 05/03/17 Pending -- -- --
04/24/2017 04/24/17 For Sale $79,900 -- $35 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

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 $1,652 $79,200 $12,700 $66,500
2024 $1,488 $81,100 $5,500 $75,600
2023 $1,486 $75,100 $5,500 $69,600
2022 $1,226 $74,800 $5,500 $69,300
2021 $1,136 $52,200 $5,500 $46,700
2020 $1,130 $47,600 $5,500 $42,100
2019 $940 $40,400 $5,000 $35,400
2018 $852 $0 $0 $0
2016 $846 $0 $0 $0
2015 $1,064 $0 $0 $0
2014 $1,948 $0 $0 $0
2012 $1,274 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tim Schultz

    Seller's Agent in 2017

    Tim Schultz

    RE/MAX

    (507) 931-5313

    50 Total Sales

    Tim Schultz
    Section Image

  • N

    Buyer's Agent in 2017

    Non Member

    Non-Member

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7006524

REALTOR® Association of Southern Minnesota

APN: 34.014.1050

Minnesota Freeborn County Albert Lea 56007

704 Madison Ave, Albert Lea, MN

Not Listed for Sale

MultiFamily

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