NOT LISTED FOR SALE

72965 225th St Albert Lea, MN 56007

Estimated Value: $375,799 - $454,000

3 Beds
3 Baths
2,426 Sq Ft
$169/Sq Ft Est. Value

Last Sold August 24, 2022

Last sale price $405,000 $167 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,579/month

17 Days on Market

Highlights

  • Multiple Garages
  • 68,389 Sq Ft lot
  • The kitchen features windows
  • RV Access or Parking
  • No HOA
  • 5 Car Attached Garage

About This Home

As of August 2022

Edge of town rural acreage with spectacular 30x50, heated & air conditioned shop! Home sits on 1 1/2 acres and has been COMPLETELY remodeled!! 3+ beds, 3 baths & attached heated garage. Kitchen has custom hickory cabinetry, hickory hardwood flooring, gas stone fireplace in living room and solid core doors throughout. Master bedroom with private bath & walk-in tiled shower. Heated flooring and Central Air. Aggregate patio and no maintenance deck to enjoy the landscaping with hundreds of perennials!! Full list of amenities on file!

Last Agent to Sell the Property

Dawn Swalve

Coldwell Banker River Valley, REALTORS Listed on: 06/22/2022

Coldwell Banker River Valley, REALTORS

Last Buyer's Agent

Robert Hoffman

Robert Hoffman Realty Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,686

Year Built

  • Built in 1968

Lot Details

  • 1.57 Acre Lot
  • Additional Parcels

Parking

  • 5 Car Attached Garage
  • Multiple Garages
  • Heated Garage
  • Insulated Garage
  • Garage Door Opener
  • RV Access or Parking

Home Design

  • Split Level Home

Interior Spaces

  • Family Room
  • Living Room with Fireplace
  • Combination Kitchen and Dining Room

Kitchen

  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • The kitchen features windows

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Crawl Space

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Propane
  • Iron Water Filter
  • Well

Community Details

  • No Home Owners Association
  • Itasca Hills First Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 140500020

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,686

Year Built

Built in 1968

Lot Details

0

Parking

5

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 5
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: Well
  • Year Built: 1968
  • Above Grade Finished Sq Ft: 1986
  • Unit Levels: Four or More Level Split
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Block, Crawl Space, Finished, Full
  • Appliances: Cooktop, Dishwasher, Dryer, Electric Water Heater, Fuel Tank - Rented, Iron Filter, Microwave, Refrigerator, Wall Oven, Washer, Water Softener Owned
  • Fireplace Features: Gas, Living Room
  • Living Area: 2426
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 440
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Family Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Laundry

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Three Quarter Bathrooms: 2

Exterior Features

  • Roof: Asphalt
  • ConstructionMaterialsDesc: Frame

Garage/Parking

  • Parking Features: Attached Garage, Detached, Concrete, Garage Door Opener, Heated Garage, Insulated Garage, Multiple Garages, RV Access/Parking
  • Garage Square Feet: 1900

Utilities

  • Heating: Forced Air, Fireplace(s), Heat Pump, Radiant Floor
  • Sewer: Private Sewer
  • Electric: Circuit Breakers
  • Fuel: Propane

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Hardwood Floors,Kitchen Center Island,Kitchen Window,Patio,Paneled Doors,Satelite Dish,Tile Floors

Schools

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

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: Irregular
  • Lot Size Sq Ft: 68389.2
  • Land Lease: No
  • Additional Parcels Description: 140500080,140500010
  • Additional Parcels: Yes
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone, Wood Siding

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 140500020
  • Tax Annual Amount: 2686
  • TaxWithAssessments: 2686.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2011
Closed on
Jan 6, 2012
Sold by
Federal National Mortgage Association
Bought by
Korpi Jerry and Korpi Dorothy
List Price
$119,900
Sold Price
$87,000
Premium/Discount to List
-$32,900
-27.44%
Total Days on Market
17
Current Estimated Value
$411,200

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$324,200
Avg. Annual Appreciation
12.24%
Original Mortgage
$99,667
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 20, 2011
Sold by
Aurora Loan Services Llc
Bought by
Federal National Mortgage Association
Source: Public Records

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Range of Values:

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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
Korpi Jerry -- Title One Inc
Federal National Mortgage Association -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Korpi Jerry $164,000
Closed Korpe Jerry $99,667
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/24/2022 08/24/22 Sold $405,000 +1.3% $167 / Sq Ft
07/09/2022 07/09/22 Pending -- -- --
06/22/2022 06/22/22 For Sale $399,900 +359.7% $165 / Sq Ft
06/22/2022 06/22/22 Pending -- -- --
01/06/2012 01/06/12 Sold $87,000 -27.4% $36 / Sq Ft
10/14/2011 10/14/11 Pending -- -- --
06/10/2011 06/10/11 For Sale $119,900 -- $50 / 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 $3,378 $365,400 $46,000 $319,400
2023 $3,100 $337,800 $46,000 $291,800
2022 $2,570 $309,000 $32,200 $276,800
2021 $2,548 $223,200 $36,300 $186,900
2020 $2,374 $205,200 $27,200 $178,000
2019 $2,386 $211,400 $27,200 $184,200
2018 $1,930 $0 $0 $0
2016 $1,620 $0 $0 $0
2015 $1,222 $0 $0 $0
2014 $1,268 $0 $0 $0
2012 $2,256 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6224511

NorthstarMLS

APN: 14.050.0020