NOT LISTED FOR SALE

940 Jefferson Ave Albert Lea, MN 56007

Estimated Value: $111,000 - $132,000

3 Beds
2 Baths
1,456 Sq Ft
$85/Sq Ft Est. Value

Last Sold October 22, 2012

Last sale price $22,000 $15 Per Sq Ft

Est. 461% increase in value since last sale

Current estimated payment $803/month

22 Days on Market

About This Home

As of October 2012

Affordable! Good income producing property. Newer mechanicals, windows, and roof. Live in one half and rent the other out.

Last Agent to Sell the Property

Melody Lembke

Signature Real Estate Listed on: 08/15/2012

Signature Real Estate

Last Buyer's Agent

Heather Allen

RE/MAX Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1911

Lot Details

  • 5,227 Sq Ft Lot

Parking

  • 1 Car Detached Garage
  • Gravel Driveway

Home Design

  • Duplex
  • Frame Construction
  • Concrete Fiber Board Siding

Interior Spaces

  • 1,456 Sq Ft Home
  • 2-Story Property
  • Range

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for cable TV
  • Assessor Parcel Number 340600050

Property Details

Home Type

Multi-Family

Year Built

Built in 1911

Lot Details

0

Parking

1

Listing Details

  • Type: Multi-Family
  • Class: MULTI-FAMILY
  • Classification: NonHomestead
  • Style: Duplex - Up & Down
  • Assessment Balance: 617.57
  • Assessments: Yes
  • Construction: Previously Owned
  • Parcel Number: 340600050
  • Price Per Square Foot: 10.07
  • Range: 21.00
  • Section: 17.00
  • Stories: 2 Story
  • Street Designation: Avenue
  • Taxes With Assessments: 1430
  • Twp Number: 102.00
  • Estimated Number of Acres: 0.12
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range/Stove, Refrigerator
  • Basement Features: Unfinished
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 1456
  • Total Fin Square Footage: 1456
  • Total Square Footage: 2184

Exterior Features

  • Frontage Road: City
  • Construction Type: Frame/Wood
  • Exterior: Fiber Board
  • Exterior Amenities: Driveway - Gravel

Garage/Parking

  • Garage Type: Detached
  • Number Garage Spaces: 1

Utilities

  • Fuel: Natural Gas
  • Heat: Forced Air
  • Sewer: City
  • Water: City

Schools

  • School District: Albert Lea #241

Lot Info

  • Estimated Lot Dimensions: irreg.

Rental Info

  • Tenant Expense: Cable TV

Building Info

  • Year Built: 1911

Multi Family

  • Est Annual Gross Expense: 9180

Tax Info

  • Year: 2012
  • Tax Value: 812.43

MLS Schools

  • School District: Albert Lea #241

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 20, 2020
Sold by
Landmark Apt Albert Lea Llc
Bought by
Midthun Shawn J and Midthun Jane
Current Estimated Value
$123,396

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,200
Outstanding Balance
$45,527
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$77,869

Purchase Details

Listed on
Aug 15, 2012
Closed on
Oct 9, 2012
Sold by
Deutsche Bank National Trust Company
Bought by
Deutsche Bank National Trust Company and Wamy Trust
Seller's Agent
Melody Lembke
Signature Real Estate
Buyer's Agent
Heather Allen
RE/MAX Properties
List Price
$22,700
Sold Price
$22,000
Premium/Discount to List
-$700
-3.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.25%
Original Mortgage
$31,000
Interest Rate
3.51%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
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
Midthun Shawn J $64,000 None Available
Deutsche Bank National Trust Company -- West Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Midthun Shawn J $51,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/22/2012 10/22/12 Sold $22,000 -3.1% $15 / Sq Ft
09/06/2012 09/06/12 Pending -- -- --
08/15/2012 08/15/12 For Sale $22,700 -- $16 / 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 $1,790 $131,500 $25,800 $105,700
2024 $1,612 $93,800 $11,100 $82,700
2023 $1,282 $81,900 $5,800 $76,100
2022 $1,060 $81,600 $5,800 $75,800
2021 $1,332 $57,200 $5,800 $51,400
2020 $1,394 $52,000 $5,800 $46,200
2019 $1,234 $43,200 $5,300 $37,900
2018 $1,174 $0 $0 $0
2016 $1,186 $0 $0 $0
2015 $656 $0 $0 $0
2014 $658 $0 $0 $0
2012 $1,430 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2012

    Melody Lembke

    Signature Real Estate

    Section Image

  • H

    Buyer's Agent in 2012

    Heather Allen

    RE/MAX

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4388905

REALTOR® Association of Southern Minnesota

APN: 34.060.0050

Minnesota Freeborn County Albert Lea 56007

940 Jefferson Ave, Albert Lea, MN

This home is located at 940 Jefferson Ave, Albert Lea, MN 56007 since 15 August 2012 and is currently estimated at $123,396, approximately $84 per square foot. This property was built in 1911. 940 Jefferson Ave is a home located in Freeborn County with nearby schools including Sibley Elementary School, Southwest Middle School, and Albert Lea Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

REALTOR® Association of Southern Minnesota IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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