Closed

$295,000

518 Harriet Ln, Albert Lea, MN 56007

6beds

3baths

3,735sqft

Triplex

Built in 1909

-- sqft lot

$315,500 Zestimate^®

$79/sqft

$1,341 Estimated rent

Home value

$315,500

$297,000 - $338,000

$1,341/mo

Zestimate^® history

Owner options

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$1,341/mo

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$1,341/mo

Rent Zestimate^®

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$1,860/mo

Est. payment

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$1,860/mo

Est. payment

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What's special

Nestled on the serene shores of Fountain Lake, this exceptional tri-plex property boasts breathtaking views and an unparalleled location. Encompassing over 3,000 square feet of meticulously maintained living space, this versatile gem offers endless possibilities. Currently configured as a tri-plex, the property can be easily transformed into a spacious single-family home by removing two walls. Imagine waking up to panoramic lake views from your master bedroom, enjoying coffee on the expansive deck, and relishing in the tranquility of lakeside living. Each unit within the tri-plex is thoughtfully designed, featuring modern amenities, ample natural light, and tasteful finishes. The well-manicured grounds enhance the property's charm, providing a perfect setting for outdoor gatherings or peaceful relaxation. Whether you seek an investment opportunity or a dream home, this Fountain Lake property is a rare find that promises comfort and potential. Don't miss the chance to make it yours!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 3

Heating

Boiler

Appliances

Laundry: In Basement, Common Area

Features

Basement: Block,Egress Window(s),Finished,Partially Finished,Storage Space,Walk-Out Access

Interior area

Total structure area: 3,735
Total interior livable area: 3,735 sqft
Finished area above ground: 2,015
Finished area below ground: 1,270

Property

Parking

Parking features: Assigned, Concrete, Open
Has uncovered spaces: Yes

Accessibility

Accessibility features: None

Features

Levels: One and One Half
Patio & porch: Deck, Porch
Pool features: None
Fencing: None
Has view: Yes
View description: Bay, Lake, Panoramic
Has water view: Yes
Water view: Bay,Lake
Waterfront features: Deeded Access, Dock, Lake Front, Lake View, Waterfront Elevation(4-10), Lake Bottom(Soft)
Frontage length: Water Frontage: 125

Lot

Size: 8,196 Square Feet
Features: Accessible Shoreline, Irregular Lot, Tree Coverage - Medium
Topography: Sloped

Details

Foundation area: 2100
Parcel number: 341260050
Zoning description: Residential-Multi-Family,Shoreline

Construction

Type & style

Home type: MultiFamily
Property subtype: Triplex

Materials

Frame
Roof: Age Over 8 Years,Architectural Shingle,Rubber

Condition

New construction: No
Year built: 1909

Utilities & green energy

Electric: Circuit Breakers
Gas: Natural Gas
Sewer: City Sewer/Connected
Water: City Water/Connected

Community & HOA

Community

Subdivision: Rodli & Hises Sub

HOA

Amenities included: Boat Slip, Laundry, Deck

Location

Region: Albert Lea

Financial & listing details

Price per square foot: $79/sqft
Tax assessed value: $278,800
Annual tax amount: $3,945
Date on market: 8/2/2024
Cumulative days on market: 33 days
Tenant pays: Broadband, Cable TV, Electricity

Price history

Date	Event	Price
9/27/2024	Sold	$295,000-7.8%$79/sqft
Source: NorthstarMLS as distributed by MLS GRID #6577788 Report a problem
9/3/2024	Pending sale	$319,900$86/sqft
Source: NorthstarMLS as distributed by MLS GRID #6577788 Report a problem
8/2/2024	Listed for sale	$319,900+88.7%$86/sqft
Source: NorthstarMLS as distributed by MLS GRID #6577788 Report a problem
9/13/2004	Sold	$169,500$45/sqft
Source: Agent Provided Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,536 -14.5%	$278,800 +20.3%
2024	$5,308 +5.2%	$231,800 +6.1%
2023	$5,044 +3.1%	$218,500 -0.2%
2022	$4,892 -7.7%	$219,000 +28.5%
2021	$5,298	$170,400 +6.5%
2020	$5,298 +28.3%	$160,000
2019	$4,130	--
2018	$4,130 +65.3%	--
2016	$2,498 -3.8%	--
2015	$2,598 -0.5%	--
2014	$2,612 -23.8%	--
2012	$3,428	--
2011	--	--
2010	--	--