NOT LISTED FOR SALE

72532 220th St Albert Lea, MN 56007

Estimated Value: $586,000 - $1,152,593

31 Acres
$28,399 Price per Acre
1,333,372 Sq Ft Lot

Last Sold May 01, 2012

Last sale price $289,000

Est. 201% increase in value since last sale

Current estimated payment $5,719/month

18 Days on Market

Highlights

  • 300 Feet of Waterfront
  • 30.61 Acre Lot
  • Landscaped with Trees
  • Beach Access
  • Hilly Lot
  • Poultry Coop

About This Lot

As of May 2012

This property can be your own secluded park. The scenery and wildlife are second to none in Freeborn County. Property includes a 1999 Skyline 28'x60' manufactured home, 3 bedrooms, 2 baths. Waterfront access to School Section lake.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $10,352

Year Built

  • 2003

Lot Details

  • 30.61 Acre Lot
  • 300 Feet of Waterfront
  • Lake Front
  • Poultry Coop
  • Lot Has A Rolling Slope
  • Hilly Lot
  • Landscaped with Trees

Parking

  • Gravel Driveway

Outdoor Features

  • Beach Access

Utilities

  • Private Company Owned Well
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number 140360070

Property Details

Property Type

Land

Est. Annual Taxes

$10,352

Year Built

2003

Lot Details

0

Listing Details

  • Class: Lot/Land
  • Classification: Homestead
  • Sub Type: Residential
  • Amenities Exterior: Driveway - Gravel
  • Beach Type: Weeds/Reeds
  • Parcel Number: 140360070
  • Range: 22.00
  • Section: 36.00
  • Taxes With Assessments: 1372
  • Twp Number: 103.00
  • Estimated Number of Acres: 30.61
  • Additional Information: Abstract
  • Land Improvements: Private
  • Topography: Hilly, Rolling
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built: 2003

Exterior Features

  • Lake Class: Natural Environment
  • Waterfront Name: School Section
  • Out Buildings: Barn - Chicken
  • Waterfront: Yes
  • Water Frontage: 300
  • Waterfront Description: Lake

Utilities

  • Available Utilities: Electric, Private Septic, Private Well

Schools

  • School District: Albert Lea #241

Lot Info

  • Lot/Land Description: Accessible Shoreline, Tree Coverage - Medium
  • Estimated Lot Dimensions: 30.61 acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 30, 2013
Sold by
Poppel Kevin M and Poppel Rachel A
Bought by
Poppel Kevin M and Poppel Rachel A
Total Days on Market
18
Current Estimated Value
$869,297

Purchase Details

Listed on
Feb 27, 2012
Closed on
May 4, 2012
Sold by
Poppel Kevin M and Poppel Rachel A
Bought by
Belshan Daniel M and Belshan Bonita J
List Price
$329,900
Sold Price
$289,000
Premium/Discount to List
-$40,900
-12.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.75%
Original Mortgage
$218,000
Interest Rate
4%

Purchase Details

Listed on
Feb 27, 2012
Closed on
May 1, 2012
Sold by
Johnson John P and Johnson Sherry D
Bought by
Poppel Kevin M and Poppel Rachel A
List Price
$329,900
Sold Price
$289,000
Premium/Discount to List
-$40,900
-12.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,000
Interest Rate
4%
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 Buyer Sale Price Title Company
Poppel Kevin M -- Minnesota Abstract & Title C
Belshan Daniel M -- Peterson, Savelkoul & Benda
Poppel Kevin M -- Peterson Savelkoul Benda Ltd
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Poppel Kevin M $700,000
Previous Owner Poppel Kevin M $218,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2012 05/01/12 Sold $289,000 -12.4% --
03/16/2012 03/16/12 Pending -- -- --
02/27/2012 02/27/12 For Sale $329,900 -- --
Source: REALTOR® Association of Southern Minnesota

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 $10,352 $1,046,700 $109,700 $937,000
2023 $10,208 $959,800 $109,700 $850,100
2022 $10,132 $922,600 $89,700 $832,900
2021 $10,056 $782,400 $78,700 $703,700
2020 $9,596 $734,600 $68,700 $665,900
2019 $9,376 $736,700 $68,700 $668,000
2018 $8,190 $0 $0 $0
2016 $7,290 $0 $0 $0
2015 $7,032 $0 $0 $0
2014 $2,934 $0 $0 $0
2012 $1,302 $0 $0 $0
Source: Public Records

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 3463142

REALTOR® Association of Southern Minnesota

APN: 14.036.0070