$87,000
SOLD JAN 6, 2012

72965 225th St Albert Lea, MN 56007

4 Beds
2.5 Baths
2,392 Sq Ft
1.43 Acres

Recently Sold

$36 Per Sq Ft

27% Below List Price

126 Days on Market

Highlights

  • 1.43 Acre Lot
  • 2 Car Attached Garage
  • Forced Air Heating and Cooling System
  • Deck
  • Property is near a preserve or public land

About This Home

As of August 2022

This home features 4 bedrooms, 2.5 bathrooms, master bedroom, dining room, deck, fireplace, wooded lot, attached garage. Located minutes from town! June 14-Oct. 31 Owner occupants purchasing a HomePath prop. can recieve Up to 3.5% of final sales price to be used toward closing cost assist.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,584

Year Built

  • 1968

Home Design

  • Brick Exterior Construction
  • Frame Construction
  • Concrete Fiber Board Siding

Bedrooms and Bathrooms

  • 4 Bedrooms

Partially Finished Basement

  • Partial Basement
  • Block Basement Construction

Parking

  • 2 Car Attached Garage
  • Gravel Driveway

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Powered By Owned Propane
  • Private Water Source

Additional Features

  • Deck
  • 1.43 Acre Lot

Community Details

  • Property is near a preserve or public land

Listing and Financial Details

  • Foreclosure
  • Assessor Parcel Number 140500020

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,584

Year Built

1968

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Classification: Homestead
  • Amenities Exterior: Deck, Driveway - Gravel
  • Estimated Number of Acres: 1.43
  • Foreclosure: Yes
  • Parcel Number: 140500020
  • Property Adjoins Public Land: Yes
  • Taxes With Assessments: 1887
  • Special Features: 20
  • Property Sub Type: Detached
  • Year Built: 1968

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 3
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 3
  • Room 1: On Level: Second Floor
  • Room 2: On Level: Second Floor
  • Room 3: On Level: Second Floor
  • Room 4: On Level: Main
  • Room 6: On Level: Basement
  • Room 9: On Level: Main
  • Room 11: On Level: Main
  • Room 12: On Level: Main
  • Room 13: On Level: Second Floor
  • Room 15: On Level: Second Floor
  • Basement Features: Partially Finished
  • Basement Material: Concrete Block
  • Basement Style: Partial
  • Finished Above Grade Sq Ft: 1805
  • Below Grade Finished Sq Ft: 587
  • Total Fin Square Footage: 2392
  • Total Square Footage: 2392

Exterior Features

  • Construction Type: Frame/Wood
  • Exterior: Brick, Fiber Board

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 2

Utilities

  • Cooling: Central
  • Fuel: Propane - Tank Owned
  • Heat: Forced Air
  • Water: Private

Lot Info

  • Estimated Lot Dimensions: 1.43

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%
Current Estimated Value
$412,288

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$325,288
Avg. Annual Appreciation
12.12%
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 Type Sale Price Title Company
Limited Warranty Deed -- Title One Inc
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $164,000 New Conventional
Closed $99,667 FHA
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: 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
2025 $3,584 $368,700 $46,000 $322,700
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: REALTOR® Association of Southern Minnesota

MLS Number: 4176554

REALTOR® Association of Southern Minnesota

APN: 14.050.0020