NOT LISTED FOR SALE

712 Madison Ave Albert Lea, MN 56007

Estimated Value: $150,000 - $193,000

4 Beds
3 Baths
2,862 Sq Ft
$58/Sq Ft Est. Value

Last Sold June 30, 2023

Last sale price $151,000 $53 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $1,012/month

15 Days on Market

Highlights

  • Deck
  • 1-Story Property
  • Partially Fenced Property
  • 2 Car Attached Garage
  • Forced Air Heating System

About This Home

As of June 2023

Are you eager to invest in real estate? Look no further! Here's a remarkable opportunity to own a duplex investment property that caters to your needs. Live in one unit while renting out the other, enjoying the benefits of separate electric and gas meters. Both units feature 2 bedrooms, complete with essential amenities such as a refrigerator, stove, washer, dryer, central heating, and air conditioning. This well-maintained property also offers attached tuck-under garages, a spacious yard, delightful decks, and newer windows. Don't miss out on this chance! Schedule a visit today and explore the possibilities it holds for you. Owners would consider a possible contract for deed.

Last Agent to Sell the Property

Jeremy Carolan

Carolan Homes Listed on: 06/01/2023

Last Buyer's Agent

Jeremy Carolan

Carolan Homes Listed on: 06/01/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,848

Year Built

  • Built in 1929

Lot Details

  • Lot Dimensions are 100x100
  • Partially Fenced Property
  • Wood Fence
  • Few Trees

Parking

  • 2 Car Attached Garage
  • Tuck Under Garage
  • Insulated Garage
  • Garage Door Opener
  • Assigned Parking

Home Design

  • Duplex
  • Pitched Roof
  • Metal Siding

Interior Spaces

  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Block Basement Construction
  • Natural lighting in basement

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating System
  • 60 Amp Service

Community Details

  • 2 Units
  • Railroad Add Subdivision

Listing and Financial Details

  • Tenant pays for electricity, fuel, grounds care
  • The owner pays for insurance, repairs, snow removal, taxes, trash collection, water
  • Assessor Parcel Number 340141080

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,848

Year Built

Built in 1929

Lot Details

0

Parking

2

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Side by Side
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1929
  • Above Grade Finished Sq Ft: 1781
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Daylight/Lookout Windows, Full, Walkout
  • Living Area: 2862
  • Below Grade Finished Sq Ft: 1081
  • Owner Pays: Insurance, Repairs, Snow Removal, Taxes, Trash Collection, Water
  • Basement YN: Yes
  • Appliances: Dryer,Gas Water Heater,Range
  • Number Of Fireplaces: 0
  • Amenities: Deck
  • Appliances: Dryer,Gas Water Heater,Range
  • Number Of Fireplaces: 0

Beds/Baths

  • Total Bedrooms: 4

Exterior Features

  • Roof: Age Over 8 Years, Asphalt, Pitched
  • Fencing: Partial, Wood
  • PatioPorchType: Deck

Garage/Parking

  • Parking Features: Assigned, Attached Garage, Gravel, Garage Door Opener, Insulated Garage, Tuckunder Garage
  • Other Parking Spaces: 1

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: Fuses, Service - 60 Amp
  • Fuel: Natural Gas
  • Number of Ranges: Two

Schools

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

Lot Info

  • Lot Size: 100x100
  • Land Lease: No
  • Lot Features: Some Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Metal Siding
  • Units Total: 2

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 340141080
  • Tax Annual Amount: 1848
  • TaxWithAssessments: 1848.0000

Multi Family

  • TenantPays: Electricity, Fuel, Grounds Care
  • Number Of Refrigerators: Two

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2023
Closed on
Jun 30, 2023
Sold by
Parker Homes Llc
Bought by
Superior Properties Corporation
Seller's Agent
Jeremy Carolan
Carolan Homes
Buyer's Agent
Jeremy Carolan
Carolan Homes
List Price
$155,000
Sold Price
$151,000
Premium/Discount to List
-$4,000
-2.58%
Views
79
Current Estimated Value
$161,804

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,804
Avg. Annual Appreciation
3.40%

Purchase Details

Closed on
Mar 12, 2021
Sold by
Kieffer Daniel J and Kieffer Whitney J
Bought by
Parker Homes Llc
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
Superior Properties Corporation $151,000 --
Parker Homes Llc $109,000 Dca Title
-- $109,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2023 06/30/23 Sold $151,000 -2.6% $53 / Sq Ft
06/17/2023 06/17/23 Pending -- -- --
06/01/2023 06/01/23 For Sale $155,000 -- $54 / Sq Ft
Source: NorthstarMLS

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 $2,054 $162,400 $25,500 $136,900
2024 $1,852 $102,600 $10,900 $91,700
2023 $1,848 $95,200 $10,900 $84,300
2022 $1,890 $94,800 $10,900 $83,900
2021 $1,750 $83,300 $10,900 $72,400
2020 $1,942 $77,300 $10,900 $66,400
2019 $1,816 $72,700 $10,000 $62,700
2018 $1,674 $0 $0 $0
2016 $1,434 $0 $0 $0
2015 $1,418 $0 $0 $0
2014 $1,430 $0 $0 $0
2012 $1,946 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6377310

NorthstarMLS

APN: 34.014.1080