NOT LISTED FOR SALE

919 W Front St Albert Lea, MN 56007

Estimated Value: $134,000 - $215,000

6 Beds
3 Baths
2,064 Sq Ft
$81/Sq Ft Est. Value

Last Sold June 15, 2023

Last sale price $172,500 $84 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $1,141/month

23 Days on Market

About This Home

As of June 2023

Triplex with a 4 bedroom unit, 2 bedroom units and a studio. This is a nice multi-family property with rents of $2,025/month. Studio unit has been remodeled. Two units have their own washer & dryer. Vinyl siding with a metal roof. Perfect add to your mutli-family porfolio!

Last Listed By

Brady Stevens

Realty Plus LLC Listed on: 04/17/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,296

Year Built

  • Built in 1888

Lot Details

  • 6,970

Home Design

  • Triplex
  • Metal Roof

Interior Spaces

  • 2,064 Sq Ft Home
  • 1.5-Story Property
  • Partial Basement

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Additional Features

  • Lot Dimensions are 41x150
  • Forced Air Heating System

Community Details

  • 3 Units

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • The owner pays for insurance, repairs, taxes, water
  • Assessor Parcel Number 340590640

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,296

Year Built

Built in 1888

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Triplex
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1888
  • Above Grade Finished Sq Ft: 2064
  • Water Body Name: Pearl
  • Unit Levels: One and One Half
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial
  • Living Area: 2064
  • Owner Pays: Insurance, Repairs, Taxes, Water
  • Basement YN: Yes
  • Total Rooms: 4
  • Total Rooms: 7
  • Total Rooms: 3

Beds/Baths

  • Total Bedrooms: 6

Exterior Features

  • Roof: Metal
  • Lake Acres: 218
  • LakeChain: N

Garage/Parking

  • Garage Square Feet: 0

Utilities

  • Heating: Forced Air, Other
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas
  • Number of Ranges: Three

Schools

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

Lot Info

  • Lot Size: 41x150
  • Land Lease: No
  • Additional Parcels: No
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding
  • Units Total: 3

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 340590640
  • Tax Annual Amount: 2296
  • TaxWithAssessments: 2488.0000

Multi Family

  • TenantPays: Cable TV, Electricity, Gas, Trash Collection
  • Number Of Refrigerators: Three

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2023
Closed on
Jun 5, 2023
Sold by
Dornink Dustin and Dornink Hannah
Bought by
Laketown Homes Llc
Seller's Agent
Brady Stevens
Realty Plus LLC
Buyer's Agent
Daniel Gullickson
Robert Hoffman Realty Inc.
List Price
$175,000
Sold Price
$172,500
Premium/Discount to List
-$2,500
-1.43%
Total Days on Market
23
Views
103
Current Estimated Value
$167,398

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,102
Avg. Annual Appreciation
-1.58%
Original Mortgage
$132,500
Outstanding Balance
$129,652
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$37,746

Purchase Details

Listed on
Oct 21, 2021
Closed on
Dec 7, 2021
Sold by
Jones Irene K and Jones Trust
Bought by
Tran Tuan Q and Bowman Thuha Ellie
Seller's Agent
Heather Allen
Leland Realty
Buyer's Agent
Brady Stevens
Realty Plus LLC
List Price
$135,000
Sold Price
$115,000
Premium/Discount to List
-$20,000
-14.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.57%

Purchase Details

Listed on
Oct 21, 2021
Closed on
Nov 30, 2021
Sold by
Tran Tuan Q and Bowman Thuha Ellie
Bought by
Dornink Dustin and Dornink Hannah
Seller's Agent
Heather Allen
Leland Realty
Buyer's Agent
Brady Stevens
Realty Plus LLC
List Price
$135,000
Sold Price
$115,000
Premium/Discount to List
-$20,000
-14.81%

Purchase Details

Listed on
Feb 17, 2014
Closed on
Mar 28, 2014
Sold by
Donald E Donald E and Jones Irene K
Bought by
Tran Tuan Q and Bowman Thuha Ellie
Seller's Agent
Pam Schmidt
Coldwell Banker River Valley, REALTORS
List Price
$79,900
Sold Price
$75,000
Premium/Discount to List
-$4,900
-6.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.71%

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
Laketown Homes Llc $172,500 --
Tran Tuan Q $75,000 None Available
Dornink Dustin $115,000 None Available
Tran Tuan Q -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Laketown Homes Llc $132,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2023 06/15/23 Sold $172,500 -1.4% $84 / Sq Ft
05/12/2023 05/12/23 Pending -- -- --
05/08/2023 05/08/23 For Sale $175,000 +1.4% $85 / Sq Ft
04/26/2023 04/26/23 Off Market $172,500 -- --
04/18/2023 04/18/23 For Sale $175,000 +52.2% $85 / Sq Ft
12/08/2021 12/08/21 Sold $115,000 -14.8% $56 / Sq Ft
11/16/2021 11/16/21 Pending -- -- --
10/21/2021 10/21/21 For Sale $135,000 +80.0% $66 / Sq Ft
03/28/2014 03/28/14 Sold $75,000 -6.1% $66 / Sq Ft
03/03/2014 03/03/14 Pending -- -- --
02/17/2014 02/17/14 For Sale $79,900 -- $70 / 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 $2,494 $137,600 $7,000 $130,600
2023 $2,488 $127,200 $7,000 $120,200
2022 $1,256 $126,500 $7,000 $119,500
2021 $1,110 $87,700 $7,000 $80,700
2020 $1,220 $85,600 $4,800 $80,800
2019 $950 $72,600 $4,400 $68,200
2018 $814 $0 $0 $0
2016 $694 $0 $0 $0
2015 $672 $0 $0 $0
2014 $896 $0 $0 $0
2012 $1,060 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: NorthstarMLS

MLS Number: 6357036

NorthstarMLS

APN: 34.059.0640