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505 Johnson Street

505 Johnson Street, Albert Lea, MN 56007
Property in Albert Lea
Sold Jul 13, 2020
$83,000
$74,700 by Wells Fargo Bank
Mortgage Due Aug 01, 2050
Sold Apr 28, 2016
$44,000
$43,500
Mortgage
505 Johnson Street has been categorized by the local assessors in Albert Lea, MN as a residential type of property. The building on the property was first built in 1908 and is 116 years old. The home has a total of 5 rooms. 2 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 505 Johnson Street has 840 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,240 ft and across the front of the lot is 660 ft. The area measurement of the land has been determined as 8,184 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a detached garage for those who require parking. Moving on to the building itself. The condition of the building has been evaluated as good. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. The building has a hip style roof made of asphalt. The exterior walls of the building are made of unknown. While the interior walls have been made of plaster. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with gas. The property was last sold in Jul 13, 2020 for $83,000. That's $98.81 per sqft. Prior to that sales transaction, the property was also sold in Apr 28, 2016 for $44,000. 505 Johnson Street was last assessed in 2023. The total value of the property was assessed at $91,100. Specifically, the land the property is located on was valued at $21,000. While improvements on the property were assessed at a total of $70,100. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $1,130. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1908
  • Effective Year Built: 1908
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 1
  • Building Condition: Good
  • Construction Type: Frame
  • Interior Walls Type: Plaster
  • Roof Shape Type: Hip
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Type: Unspecified basement
  • Basement Area: 576
  • Garage Type: Detached
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,184
  • Lot Size Depth Feet: 1,240
  • Lot Size Frontage Feet: 660
  • Total Building Area: 840
  • Building Area: 840
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 840
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: AUDITOR'S PLAT NO 1
  • Land Acres: 0.19
  • Standard Land Use Code: Single family residential
  • Legal Description 1: AUDITOR'S PLAT NO 1 LOT-121 LOT 121 AUDITORS PLAT NO 1

Ownership

  • Current Owner : VANEK TODD F
  • Current Owner 2: VANEK MARY A
  • Previous Owner : BERG DAVID
  • Previous Owner 2: BERG DEANN
  • Owner Before Previous Owner: OLVERA HECTOR HECTOR
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Albert Lea Public School District
  • School Tax School District: SD 0241
  • School Tax District Code 2: SHELL ROCK RVR
  • Census Tract: 180500

Geography

  • District: 3401
  • Parcel: 34.172.1450
  • Lot: 121
  • Municipality: CITY OF ALBERT LEA
  • Latitude: 43.6553
  • Longitude: -93.3636

    Address

  • Full Address: 505 Johnson St
  • Address - House Number: 505
  • Address - Street Name: Johnson
  • Address - Suffix Type: St
  • State: MN
  • City Name: Albert Lea
  • Carrier Code: C007
  • 4-Digit Zip Code: 2346
  • Zip Code: 56007

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,130

    Appraisal Valuation

  • Standard Deviation: 0.275
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 60
  • Final Value: 115,561
  • High Value: 147,349
  • Low Value: 83,774

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $74,700
  • First Open Lien Mortgage Lender: WELLS FARGO BANK
  • First Open Lien Mortgage Recording Date: Jul 13, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $74,700
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2050

    Market Valuation

  • Market Total Value: $91,100
  • Market Land Value: $21,000
  • Market Improvement Value: $70,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $91,100
  • Assessed Land Value: $21,000
  • Assessed Improvements Value: $70,100

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 13, 2020
  • Current Sale Recording Date: Jul 13, 2020
  • Current Sale Transaction ID: 11781434054
  • Current Sale Price: $83,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: CRV1118197
  • Previous Sale Recording Date: Apr 28, 2016
  • Previous Sale Contract Date: Apr 28, 2016
  • Previous Sale Amount: $44,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK
  • First Mortgage Transaction Date: Jul 13, 2020
  • First Mortgage Loan Amount: $74,700
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2050

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Transaction Date: Apr 28, 2016
  • Previous Mortgage Loan Amount: $43,500

About Albert Lea



Similar Buildings

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Nearby Rentals

Unit for rent at 1619 W Main Street, Albert Lea, MN, 56007

$1,225 /mo

  • 2 Beds
  • 1 Bath
  • 930 ft²
1619 W Main Street #1619 W Main Street - 204, Albert Lea, MN, 56007 Listing by Manager

Frequently Asked Questions

What neighborhood is 505 Johnson Street located in?
The 505 Johnson Street is a located in the neighborhood of Albert Lea in Albert Lea, Albert Lea.
What is the average sales price for listings in 505 Johnson Street?
The average sales price for units in 505 Johnson Street is $0 currently.

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