1303 Fairlane Ter
Albert Lea, MN 56007
3 bd 2 ba 1,064 sqft Built 1955 Lot 12,763 sqft single_family
Most recent sale
$70,000
Nov 22, 2021
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Nov 22, 2021 | Sold | $70,000 | MLS #6115373 |
| Oct 17, 2021 | Listed | $60,000 | MLS #6115373 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $125,300 | $24,800 | $150,100 | $2,374 |
| 2020 | — | — | $88,100 | $1,632 |
| 2019 | — | — | $85,700 | $1,336 |
| 2018 | — | — | $69,900 | $1,104 |
| 2017 | $42,049 | $13,951 | $56,000 | $1,024 |
| 2016 | $42,453 | $12,547 | $55,000 | $904 |
| 2015 | $36,063 | $11,837 | $47,900 | $840 |
| 2014 | $33,930 | $11,570 | $45,500 | $1,024 |
| 2013 | $43,820 | $12,680 | $56,500 | $1,154 |
| 2012 | $44,730 | $12,770 | $57,500 | $1,194 |
| 2011 | $47,773 | $13,127 | $60,900 | $1,186 |
| 2009 | $83,000 | $19,400 | $102,400 | $1,338 |
| 2008 | $83,000 | $19,400 | $102,400 | $1,278 |
| 2007 | $83,000 | $19,400 | $102,400 | $1,272 |
Property facts
Year built
1955
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
1,064 sqft
Lot size
12,763 sqft
ZIP code
56007
City
Albert Lea
Street
Fairlane Ter
Coordinates
43.66102, -93.35281
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$420
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
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Frequently asked questions
When did 1303 Fairlane Ter last sell?
1303 Fairlane Ter most recently sold on Nov 22, 2021 for $70,000.
What is the current tax assessment for 1303 Fairlane Ter?
The most recent total assessment for 1303 Fairlane Ter (year 2025) is $150,100 with $2,374 in property tax.
How does 1303 Fairlane Ter's assessment compare to its last sale price?
The current assessment is 114.4% above the last sale price of $70,000.
When was 1303 Fairlane Ter built?
1303 Fairlane Ter was built in 1955.
How does 1303 Fairlane Ter compare to others on Fairlane Ter?
We track 8 other properties on Fairlane Ter. Browse the list under "Other properties on Fairlane Ter" to compare beds, baths, and sale history.
What are the property facts for 1303 Fairlane Ter?
1303 Fairlane Ter is a 3 bed, 2 bath, 1,064 sqft, 12,763 sqft lot single_family.
Is 1303 Fairlane Ter a flip candidate?
No — 1303 Fairlane Ter does not appear in our flips dataset.
Is 1303 Fairlane Ter a tax-appeal candidate?
Yes — 1303 Fairlane Ter appears in our tax-appeal candidates list, meaning its current assessment exceeds its recent sale price by 15% or more.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+3.0%
Implied 1-yr
+11.9%
2026 Q3
$243.6K
2026 Q4
$249.7K
ZIP 56007 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Fairlane Ter