Does this property have an HOA?

No, this property does not have a homeowners association.

What are the annual property taxes?

Annual property taxes are $2,276 (2026).

What school district is this property in?

This property is in the 241 - Albert Lea school district.

Does this home have a garage?

Yes, this home has a 2-car garage.

How long has this property been on the market?

This property has been listed for 0 days.

No photos available

Listed at

$184,900

$192/sqft

North Ridge Sub

1314 Fairlane Terrace, Albert Lea, MN, 56007

3 Bedrooms1 Bathroom962 Square Feet0.22 Acres

Days on market0

Year built1957

Garage spaces2

TypeResidential

Est. $2,547buyer credit when you buy with SODL

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About this home

This three-bedroom one bathroom house is designed for functional living. The updated exterior features, including windows, siding and shingles, enhance the home's curb appeal and energy efficiency. The large, detached garage offers valuable storage and parking space, complementing the home's layout. The property is ideally located near parks and schools, making it convenient for daily activities. The basement presents an opportunity for customization, with potential to be finished for additional living space and a bedroom. The fenced backyard provides a secure area for outdoor enjoyment.

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Home facts

Property typeResidential

Property subtypeSingle Family

Year built1957

LevelsOne

Living area962 sqft

Above-grade finished962 sqft

Below-grade finished0 sqft

Lot size0.22 acres (76x140)

Days on market0

ListedOct 1, 2026

MLS #NST7152170

CountyFreeborn

SubdivisionNorth Ridge Sub

Parcel #342010060

Facts & features

Interior

Bedrooms: 3
Bathrooms: 1
Bath breakdown: 1 full
Heating: Forced Air
Cooling: Central Air
Appliances: Dishwasher, Dryer, Exhaust Fan, Humidifier, Gas Water Heater, Range, Refrigerator, Washer

Property

Levels / stories: One
Garage: 2 spaces · 616 sqft
Parking features: Detached Garage, Concrete
Patio & porch: Deck, Patio
Exterior features: Vinyl
Fencing: Full, Wood

Construction

Property type: Residential
Property subtype: Single Family
Construction materials: Frame
Foundation: Brick/Mortar · 962 sqft
Roof: Age 8 Years or Less, Asphalt
Year built: 1957

Utilities

Water: City Water/Connected
Sewer: City Sewer/Connected
Fuel: Natural Gas
Electric: Circuit Breakers, 100 Amp Service

Community & HOA

Subdivision: North Ridge Sub
HOA: No HOA
School district: 241 - Albert Lea
High school district: Albert Lea

Financial & listing details

Annual tax: $2,276 (2026)
Tax with assessments: 2694
Listed: Oct 1, 2026
Days on market: 0
Manufactured home: Yes

Interior details

Total bathrooms1

Full baths1

3/4 baths0

Half baths0

1/4 baths0

BasementBlock, Sump Pump, Unfinished

HeatingForced Air

CoolingCentral Air

LaundryIn Basement, Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup

AppliancesDishwasher, Dryer, Exhaust Fan, Humidifier, Gas Water Heater, Range, Refrigerator, Washer

DiningLiving/Dining Room

AmenitiesCeiling Fan(s), Deck, Kitchen Window, Patio, Wet Bar

AccessibilityNone

Special features3 BR on One Level

Exterior & lot

ExteriorVinyl

RoofAge 8 Years or Less, Asphalt

FoundationBrick/Mortar

Foundation area962 sqft

Patio/porchDeck, Patio

Road frontageCity Street, Curbs, Paved Streets, Street Lights, Storm Sewer

ZoningResidential-Single Family

Utilities

Water sourceCity Water/Connected

SewerCity Sewer/Connected

FuelNatural Gas

Parking & garage

ParkingDetached Garage, Concrete

Garage spaces2

Garage size616 sqft

Financial details

Annual taxes$2,276

Tax year2026

Taxes w/ assessments2694

Assessment pendingNo

Lender ownedNo

Short saleNo

ForeclosureNo

Schools

District241 - Albert Lea

District number241

District phone5073794800

High schoolAlbert Lea

SODL flat fee brokerage

$2,547Estimated buyer credit

SODL platform fee $3,000Your buyer credit $2,547

Buyer-side commission

3.0%

How SODL buyer credits work

When you buy with SODL, the brokerage charges a flat $3,000 platform fee at closing. The remaining buyer-side commission (typically 3% of the purchase price) is credited directly back to you at closing, reducing the cash you bring to the table.

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Submit offers and manage your transaction through the platform
Keep more money at closing through transparent flat-fee pricing

A clear, modern way to buy with expert guidance and meaningful savings.

Estimated monthly payment

$1,223/mo

Principal & interest$972

Property taxes$190

Home insurance (est.)$62

Down payment

$36,980

0%50%

Credit score

Loan term

These payment estimates are for illustration purposes only and may vary based on your lender, interest rate, credit profile, down payment, taxes, insurance, and loan terms. For a more accurate monthly payment estimate, speak with your lender or connect with SODL’s preferred lending partner.