NOT LISTED FOR SALE

704 Madison Ave Albert Lea, MN 56007

Albert Lea Area

Estimated Value: $84,908 - $138,000

4 Beds
2 Baths
2,262 Sq Ft
$49/Sq Ft Est. Value

Sale Details

Date Sold: June 22, 2017

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

Est. 124% increase in value since last sale

Current estimated payment $749 / mo

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
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List Price
Sold Price
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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

5,227 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2017
Closed on
Jun 22, 2017
Sold by
Wells Federal Bank
Bought by
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
$111,727

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,827
Avg. Annual Appreciation
9.15%
Original Mortgage
$34,500
Interest Rate
3.9%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Albert Lea, MN

  • Stephanie Liddiard Real Estate Agent - KW 1Advantage

    Stephanie Liddiard

    KW 1Advantage

    (563) 794-7692

    152 Total Sales

    1 in Albert Lea

    $236,000 Price

    Stephanie Liddiard
     Section Image
  • Jessica Fisher Real Estate Agent - RE/MAX Professionals

    Jessica Fisher

    RE/MAX Professionals

    (612) 712-5813

    72 Total Sales

    1 in Albert Lea

    $38,000 Price

    Jessica Fisher
     Section Image
  • Heather Allen Real Estate Agent - Leland Realty

    Heather Allen

    Leland Realty

    (507) 568-6205

    252 Total Sales

    178 in Albert Lea

    $30K - $665K Price Range

    Heather Allen
     Section Image
  • Timothy Woolery Real Estate Agent - REAL BROKER, LLC

    Timothy Woolery

    REAL BROKER, LLC

    (651) 372-1810

    64 Total Sales

    3 in Albert Lea

    $95K - $125K Price Range

    Timothy Woolery
     Section Image
  • Jason Young Real Estate Agent - eXp Realty

    Jason Young

    eXp Realty

    (507) 431-5845

    113 Total Sales

    2 in Albert Lea

    $90K - $124K Price Range

    Jason Young
     Section Image
  • Matt Ulland Real Estate Agent - Re/Max Results

    Matt Ulland

    Re/Max Results

    (507) 577-5986

    236 Total Sales

    1 in Albert Lea

    $190,000 Price

    Matt Ulland
     Section Image
See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$72,900 None Available
Raygor Homes Llc $49,900 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $52,500
Closed Raygor Homes Llc $34,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $1,592 $79,200 $12,700 $66,500
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 Real Estate Agent - RE/MAX

    Seller's Agent in 2017

    Tim Schultz

    RE/MAX

    (507) 931-5313

    43 Total Sales

    Tim Schultz
    Section Image

  • NM

    Buyer's Agent in 2017

    Non Member

    Non-Member

See All Agents

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

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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