$38,500
SOLD JUL 31, 2024

721 S Broadway Ave Albert Lea, MN 56007

3 Beds
2.5 Baths
1,289 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$30 Per Sq Ft

14% Below List Price

40 Days on Market

Highlights

  • No HOA
  • Front Porch
  • Living Room

About This Home

As of July 2024

Discover the potential of this 3-bedroom, 3-bathroom fixer-upper nestled in the heart of Albert Lea. Boasting a great location close to amenities, this property offers convenience and potential at an affordable price. With a little TLC, this home has the potential to become a wonderful space for your family or an excellent investment opportunity. Whether you're a seasoned renovator or a first-time buyer with a vision, this property is a blank canvas waiting for your personal touch. Don't miss out on the chance to own a piece of Albert Lea's charm!

Last Agent to Sell the Property

Makias Anderson

RE/MAX Results Listed on: 06/13/2024

RE/MAX Results

Last Buyer's Agent

Diego Correa Bravo

Re/Max Results

Re/Max Results

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $634

Year Built

  • Built in 1885

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 60x132

Interior Spaces

  • 1,289 Sq Ft Home
  • 1.5-Story Property
  • Living Room
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Front Porch

Community Details

  • No Home Owners Association
  • Halls Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 340330050

Home Details

Home Type

Single Family

Est. Annual Taxes

$634

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Wall Unit(s)
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1885
  • Above Grade Finished Sq Ft: 1289
  • Unit Levels: One and One Half
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • FoundationDimensions: 26.7x28.3
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Full
  • Living Area: 1289
  • Fireplace: No
  • Basement YN: Yes
  • Dining Room Type: Bedroom 1, Bedroom 2, Bedroom 3, Living Room, Kitchen, Bathroom
  • SqFtTotal: 1975.00

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • PatioPorchType: Front Porch

Garage/Parking

  • Parking Features: Detached

Utilities

  • Heating: Radiator(s)
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No

Schools

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

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 60x132
  • Lot Size Sq Ft: 8712
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Yes
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 340330050
  • Tax Annual Amount: 634
  • TaxWithAssessments: 700.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2024
Closed on
Jul 31, 2024
Sold by
Gomez Cesar
Bought by
Velasquez Hermitanio and Roblero Elmer
Seller's Agent
Makias Anderson
RE/MAX Results
Buyer's Agent
Diego Correa Bravo
Re/Max Results
List Price
$45,000
Sold Price
$38,500
Premium/Discount to List
-$6,500
-14.44%
Views
138
Current Estimated Value
$47,902

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,402
Avg. Annual Appreciation
27.80%

Purchase Details

Closed on
Aug 17, 2017
Sold by
Schroeder Duane Duane
Bought by
Gomez Italo Italo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,000
Interest Rate
3.96%
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Deed $38,500 --
Deed $35,000 --
Contract Of Sale $35,000 None Available
Deed $35,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $34,000 No Value Available
Previous Owner $29,096 Unknown
Previous Owner $19,331 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2024 07/31/24 Sold $38,500 -14.4% $30 / Sq Ft
07/24/2024 07/24/24 Pending -- -- --
06/24/2024 06/24/24 For Sale $45,000 +16.9% $35 / Sq Ft
06/18/2024 06/18/24 Off Market $38,500 -- --
06/13/2024 06/13/24 For Sale $45,000 -- $35 / 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 $700 $46,800 $16,500 $30,300
2023 $704 $42,500 $16,500 $26,000
2022 $732 $42,900 $16,500 $26,400
2021 $652 $38,600 $16,500 $22,100
2020 $616 $31,800 $11,600 $20,200
2019 $352 $27,400 $9,900 $17,500
2018 $342 $0 $0 $0
2016 $436 $0 $0 $0
2015 $424 $0 $0 $0
2014 $426 $0 $0 $0
2012 $444 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6553485

NorthstarMLS

APN: 34.033.0050