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78224 197th St; Albert Lea, MN Property Details

78224 197th St, Albert Lea, MN is a Rural Residence that was built in 1994. This property is currently a cash purchase and is not for sale. Our records show that 78224 197th St has 3 bedrooms, and 2.5 bathrooms, and a total of 1,976 square feet. The lot size of 78224 197th St is 307,534 square feet.

Off market
78224 197th St Albert Lea, MN 56007
$522,400 Estimated Value
3 Beds
2.5 Baths
1,976 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1994
  • Purchase Price: $425,000
  • Open Loans / Balance: 1 / $19,431
  • Est. Equity / %: $744,569 / 97.46%
  • APN: 08.013.0060
  • Situs County: Freeborn
  • Length Of Ownership: 8 years, 5 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 2.5
  • Full Bathrooms: 2
  • Total Rooms: 9
  • Partial Bathrooms: 1

Structure

  • Building Style: Frame
  • Floor Cover Type: Ceramic
  • Stories: 1
  • Exterior Wall Type: Metal
  • Interior Wall Type: Gypsum Board (Drywall, Sheetrock, etc.)
  • Building Condition: Average
  • Roof Type: Gable
  • Roof Cover Type: Asphalt
  • Deck: true

Measurements

  • Total: 1,976/SqFt
  • Lot: 307,534/SqFt
  • Garage: 616/SqFt
  • Living: 1,976/SqFt
  • Basement: 1,424/SqFt
  • Building: 1,976/SqFt
  • Ground: 1,976/SqFt
  • Basement Finished: 1,424/SqFt
  • Garage Unfinished: 616/SqFt
  • Basement Unfinished: 1,976/SqFt
  • Price Per Square Foot: $215.08

Legal Description

  • Description: SECT-13 TWP-102 RANGE-021 7.06 AC E 330 FT OF NW 1/4 NW 1/4 LESS S 525 FT & S 671 FT OF W 66 FT OF W 66 FT OF E 396 FT OF NW
Building Insights

Land Information

  • Property Type: Rural Residence
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Albert Lea Public School District
  • Lat / Lon: 43.64238 / -93.30466
  • Property Class: Residential
  • County Use Code: 101

Amenities

  • Heating Fuel Type: Geo-Thermal
  • Plus Four: 7012
  • Bathroom Fixtures: 3
  • Cooling: Yes
  • Fireplaces: 1
  • Garage: Attached Garage
  • Heating: Geo-thermal

Ownership Info

78224 197th St has no associated ownership info
78224 197th St has no associated ownership info.

Taxes

78224 197th St has 10 associated Taxes items

78224 197th St, Albert Lea, MN pays taxes in Freeborn County, MN. The most recent tax assessment records are from 2026 and show that the current assessed value of the property is $522,400. The APN we've located for 78224 197th St is 08.013.0060.

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Taxes
  • Assessed Value:  $522,400
  • Assessed Year:  2026
  • Assessed County:  Freeborn
  • APN:  08.013.0060
  • Assessed Land Value:  90300
  • Market Land Value:  90300
  • Tax Amount:  5338
  • Tax Year:  2025
  • Market Value:  522400
  • Market Year:  2026

Tax History

78224 197th St has 13 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2026 Assessed Value $522,400 Land Value $90,300 Improvement Value $432,100 Tax Amount $5,338 Change Rate Assessed CR Tax Rate +0.010218%
Year 2025 Assessed Value Land Value Improvement Value Tax Amount $5,338 Change Rate +0.208786% Assessed CR Tax Rate
Year 2024 Assessed Value $450,500 Land Value $90,300 Improvement Value $360,200 Tax Amount $4,416 Change Rate +0.056965% Assessed CR Tax Rate +0.009802%
Year 2023 Assessed Value $422,300 Land Value $90,300 Improvement Value $332,000 Tax Amount $4,178 Change Rate -0.046989% Assessed CR Tax Rate +0.009893%
Year 2022 Assessed Value $417,700 Land Value $75,300 Improvement Value $342,400 Tax Amount $4,384 Change Rate +0.013876% Assessed CR Tax Rate +0.010496%
Year 2021 Assessed Value $366,700 Land Value $63,200 Improvement Value $303,500 Tax Amount $4,324 Change Rate +0.065025% Assessed CR Tax Rate +0.011792%
Year 2020 Assessed Value $336,500 Land Value $53,200 Improvement Value $283,300 Tax Amount $4,060 Change Rate -0.069234% Assessed CR Tax Rate +0.012065%
Year 2019 Assessed Value $336,500 Land Value $53,200 Improvement Value $283,300 Tax Amount $4,362 Change Rate +0.009255% Assessed CR Tax Rate +0.012963%
Year 2018 Assessed Value Land Value Improvement Value Tax Amount $4,322 Change Rate +0.132006% Assessed CR Tax Rate
Year 2016 Assessed Value Land Value Improvement Value Tax Amount $3,818 Change Rate +0.058791% Assessed CR Tax Rate
Year 2015 Assessed Value Land Value Improvement Value Tax Amount $3,606 Change Rate -0.032206% Assessed CR Tax Rate
Year 2013 Assessed Value Land Value Improvement Value Tax Amount $3,726 Change Rate -0.186463% Assessed CR Tax Rate
Year 2012 Assessed Value Land Value Improvement Value Tax Amount $4,580 Change Rate Assessed CR Tax Rate