5 months on rocket

1315 Fairlane Ter, Albert Lea, MN, 56007

$179,900

Home List Price

$2,136*

Closing Credit

3 Bedrooms
1 Full Bath
1,565 SqFt
$115/SqFt
House

Location

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1315 Fairlane Ter, Albert Lea$179,900

Buyer Closing Credits

$2,136*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached Garage
Attached Garage2 spaces
Year Built1956
HeatingForced Air
CoolingCentral Air
BasementYes
MLS #6533468
StatusActive

About 1315 Fairlane Ter

Well maintained three bedroom, two bath ranch style home with attached two car garage on the north side of town. Ample space with a family room on both levels. Nice size dining room with sliding glass door to the deck and backyard. (Over sized yard) Schedule your private showing today, and don't let this one slip away. Priced to sell !!

Property Details

Property Features

Property Information:

  • Year Built: 1956
  • Living Area: 1,565 SqFt

Listing Office:

  • Office Name: Unique Realty

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Attached Garage

Lot Features

Lot Information:

  • Lot: Corner Lot

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Albert Lea Senior High School, Public District Grades 8-12
  • Southwest Middle School, Public District Grades 6-7
  • Hawthorne Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: North On Garfield Ave and East On Fairlane Ter.

Price Information

Listing Price Info

Price Summary:

  • List Price: $179,900
  • Price Per SqFt: $115/SqFt

Tax Information:

  • Annual Amount: $1,882
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Albert Lea, MN.

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Albert Lea, MN

City

Med. Sold Price

$159.9K

Med. Price/SqFt

$110

Avg. Days On Market

29

# of Sold Homes

19

1315 Fairlane Ter vs Albert Lea

174 DAYS ON ROCKET

+145 Days

$179,900

+$20K More

$115/SqFt

+$4 More

KEY TAKEAWAY

This property is $20K more than the Median Sold Price and $4/SqFt more than other homes in Albert Lea, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6533468

Listing Office:

  • Office Name: Unique Realty

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Last updated on: 10/31/2024, 6:22:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$1,882$131,700
2020$1,882$125,900
2018$1,320 -

History based on county public records data.

Payment Calculator

$965

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$606

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-798513
3
/10

  • Hawthorne Elementary School

  • 1000 E Hawthorne St

  • 0.33 miles

  • Public District Grades KG-5

Middle School

school-card-donut-798514
3
/10

  • Southwest Middle School

  • 1601 W Front St

  • 2.37 miles

  • Public District Grades 6-7

High School

school-card-donut-798515
5
/10

  • Albert Lea Senior High School

  • 2000 Tiger Ln

  • 0.91 miles

  • Public District Grades 8-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $40,850. Typical income of Albert Lea, MN residents is between $35k-100k annually. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Living In Albert Lea, MN

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Albert Lea, MN?

Albert Lea's housing market offers a diverse array of options, with single-family homes being the most prevalent, reflecting a mix of architectural styles from classic to contemporary. The market is characterized by a blend of older homes with rich histories and newer constructions that cater to modern living preferences. While the majority of residences are owner-occupied, there is also a selection of rental properties available for those looking to lease.

Is Albert Lea, MN a good place to live?

Albert Lea is celebrated for its welcoming small-town charm and community-oriented lifestyle. The city prides itself on its scenic lakes, parks, and recreational areas that offer residents a peaceful and nature-infused environment. Local events and festivals throughout the year contribute to the strong sense of community and celebrate the area's heritage and culture.

Are things conveniently located in Albert Lea, MN?

The community is served by a network of public schools, healthcare facilities, and a public library system that collectively support the residents' educational and health needs. Retail and dining options are available, reflecting the local culture and providing a range of choices for shopping and cuisine. The city is attentive to the evolving needs of its population and works to enhance services accordingly.

What does the transportation in Albert Lea, MN look like?

Albert Lea's transport infrastructure includes a network of roads and highways that connect residents to nearby cities and amenities. Public transportation options are available, offering residents alternatives to private vehicle use. The city also features areas that are pedestrian-friendly, encouraging walking and biking as viable modes of transport within the community. Recent efforts have been made to improve transport efficiency and accessibility, ensuring that residents can navigate the area with ease.

Frequently Asked Questions About 1315 Fairlane Ter

What is the listing price of this property?

The listing price of 1315 Fairlane Ter property is $179,900.

What type of property is this?

The property 1315 Fairlane Ter is a house located in Albert Lea, Minnesota, 56007.

Is this property for sale now?

Active Listing: 1315 Fairlane Ter is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1315 Fairlane Ter are:
Hawthorne Elementary School: GreatSchools Rating 3/10
Southwest Middle School: GreatSchools Rating 3/10
Albert Lea Senior High School: GreatSchools Rating 5/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $1,882 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1315 Fairlane Ter has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 1315 Fairlane Ter is 1,565 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1315 Fairlane Ter is 1956.

Rocket Homes›Minnesota›Freeborn County›Albert Lea›56007›1315 Fairlane Ter

This home is located at 1315 Fairlane Ter in Albert Lea, MN and zip code 56007. This 1,565 square foot home was built in 1956. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 10, 2024 and is currently priced at $179,900.

Albert Lea, MN housing market in September 2024 saw over 3 listings sold above listed price, more than 8 sold at listed price and over 8 sold below. The inventory of homes for sale in Albert Lea, MN between August 2024 and September 2024 increased by 7.7%. Listings spent 29 days on the market in September 2024, and had a median list price of $159,900 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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