NOT LISTED FOR SALE

722 S 1st Ave Albert Lea, MN 56007

Estimated Value: $139,000 - $155,000

3 Beds
1 Bath
1,245 Sq Ft
$121/Sq Ft Est. Value

Last Sold July 19, 2024

Last sale price $140,000 $112 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $845/month

56 Days on Market

Highlights

  • Recreation Room
  • The kitchen features windows
  • Forced Air Heating and Cooling System
  • No HOA
  • 1-Story Property
  • Combination Dining and Living Room

About This Home

As of July 2024

Absolute head turner!!! (No whip lash) You'll love walking into this freshly painted home and updated home. Permanent siding and 3 main floor bedrooms plus possible 4th large bedroom in basement or rec. room, with egress, in lower level. Main floor bath, with newer updated kitchen. (cabinets and appliances). Move in and enjoy. (Relax) Plenty of room in the 24 x 24 garage for vehicles and toys! (2 stall garage)This is a second egress window in basement allowing for further expansion! This one won't last long!! A must see!!!

Last Agent to Sell the Property

Josh Harmdierks

Listed on: 04/11/2024

Last Buyer's Agent

Craig Hoium

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $826

Year Built

  • Built in 1959

Lot Details

  • 4,966 Sq Ft Lot
  • Lot Dimensions are 40x125

Parking

  • 2 Car Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Combination Dining and Living Room
  • Recreation Room

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • The kitchen features windows

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Partially Finished Basement

  • Block Basement Construction
  • Basement Window Egress

Utilities

  • Forced Air Heating and Cooling System
  • 100 Amp Service
  • Gas Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Belmont Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 340640840

Home Details

Home Type

Single Family

Est. Annual Taxes

$826

Year Built

Built in 1959

Lot Details

0

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1959
  • Above Grade Finished Sq Ft: 909
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: Cable
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Block, Egress Window(s), Partially Finished
  • Appliances: Dishwasher, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Washer
  • Living Area: 1245
  • Fireplace: No
  • Below Grade Finished Sq Ft: 336
  • Basement YN: Yes
  • Dining Room Type: Living Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Recreation Room

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Roof: Asphalt
  • PoolFeatures: None
  • Fencing: None
  • ConstructionMaterialsDesc: Frame

Garage/Parking

  • Parking Features: Detached

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: 100 Amp Service
  • Fuel: Natural Gas
  • Power Company: Minnesota Energy Resources

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Cable,Kitchen Window,Main Floor Primary Bedroom

Schools

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

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 40x125
  • Lot Size Sq Ft: 4965.84
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 340640840
  • Tax Annual Amount: 826
  • TaxWithAssessments: 892.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2024
Closed on
Jul 17, 2024
Sold by
James Kenneth Scott Estate
Bought by
Hanna William
Seller's Agent
Josh Harmdierks
Unique Realty
Buyer's Agent
Craig Hoium
Century 21 Atwood
List Price
$139,900
Sold Price
$140,000
Premium/Discount to List
$100
0.07%
Views
193
Current Estimated Value
$144,536

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,536
Avg. Annual Appreciation
5.17%
Original Mortgage
$135,558
Outstanding Balance
$133,939
Interest Rate
6.99%
Mortgage Type
New Conventional
Estimated Equity
$16,216

Purchase Details

Listed on
May 12, 2023
Closed on
Jul 21, 2023
Sold by
Sargent Holly and Sargent Patrick
Bought by
Scott James
Seller's Agent
Dawn Swalve
Coldwell Banker River Valley, REALTORS
Buyer's Agent
Danha Schlund
Counselor Realty of Rochester
List Price
$114,900
Sold Price
$109,000
Premium/Discount to List
-$5,900
-5.13%
Views
280

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.44%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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

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
Hanna William $140,000 --
Scott James $109,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hanna William $135,558
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/19/2024 07/19/24 Sold $140,000 +0.1% $112 / Sq Ft
06/07/2024 06/07/24 Pending -- -- --
04/11/2024 04/11/24 For Sale $139,900 +28.3% $112 / Sq Ft
07/21/2023 07/21/23 Sold $109,000 -5.1% $98 / Sq Ft View Prior Sale
06/16/2023 06/16/23 Pending -- -- --
06/01/2023 06/01/23 For Sale $114,900 0.0% $104 / Sq Ft
05/16/2023 05/16/23 Pending -- -- --
05/12/2023 05/12/23 For Sale $114,900 -- $104 / 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
2025 $1,038 $141,900 $6,300 $135,600
2024 $892 $95,800 $6,300 $89,500
2023 $848 $80,500 $6,300 $74,200
2022 $792 $78,500 $6,300 $72,200
2021 $780 $64,400 $6,300 $58,100
2020 $710 $56,900 $4,400 $52,500
2019 $722 $59,300 $4,000 $55,300
2018 $618 $0 $0 $0
2016 $736 $0 $0 $0
2015 $850 $0 $0 $0
2014 $858 $0 $0 $0
2012 $1,124 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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

Map

Source: NorthstarMLS

MLS Number: 6516683

NorthstarMLS

APN: 34.064.0840