Date
Details
Price
Change
Source
10/01/2026
Listed
$184,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$184,900 Just Listed
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Property Description
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.
Full Property Details
Full Property Details for 1314 Fairlane Terrace
General
- Price: $184,900
- Taxes: $2,276 (2026)
- Status: Active
- Type: Single Family
- Source: NorthStarMLS_RMLS
- MLS ID: 7152170
- Updated: 10/2/2026
- Added to Site: 1 day(s) ago
Interior
- Appliances: Dishwasher, Dryer, Exhaust Fan, Humidifier, Gas Water Heater, Range, Refrigerator, Washer
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Dining Room: Living/Dining Room
- Formal Dining Room: Living/Dining Room
- Laundry: In Basement, Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup, In Basement, Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
Additional Information
- Amenities: Ceiling Fan(s), Deck, Kitchen Window, Patio, Wet Bar
Exterior
- Porch/Patio/Deck: Deck, Patio
Parking
- Garage: Yes
- Garage Spaces: 2
- Parking Features: Detached Garage, Concrete
Location
- County: Freeborn
- Township: Albert Lea
- Subdivision: North Ridge Sub
- Driving Directions: East on Fountain St. North on Bridge Ave. East on Hawthorne St. North on Garfield Ave. East on Fairlane Terr. Home on the south side.
School Information
- School District: 241 - Albert Lea
- High School District: Albert Lea
Heating & Cooling
- Central air: Yes
- Cooling Type: Central Air
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
Utilities
- Sewer: City Sewer Connected
- Water: City Water (Connected)
Structural Information
- Exterior Const.: Frame
- Basement: Yes
- Basement Desc.: Block, Sump Pump, Unfinished
- Foundation Size: 962
- Roof: Age 8 Years or Less, Asphalt
- Disability Access: None
- Square Feet: 962
- Above Ground: 962 Sq. Ft.
- Below Ground: 962 Sq. Ft.
- Finished Down/Base.: 1,924 Sq. Ft.
- Year Built: 1957
Lot Features
- Lot Size (Acres): 0.22
- Lot Dimensions: 76 x 140
- Frontage: City Street, Curbs, Paved Streets, Street Lights, Storm Sewer
- Zoning: Residential-Single Family
- Fencing (Description): Full, Wood
Financial Considerations
- Tax Amount: $2,276
- Tax Year: 2026
- Terms: Conventional, VA, FHA, Cash, Rural Development
Disclosures and Reports
- Legal Description: NORTH RIDGE SUBDIVISION LOT-006 LOT 6 EXC TRACT COM NW COR LOT 6 TH ELY ALG N LINE LOT 6 DISTANCE OF 9 FT TH SLY DIR TO SW COR LOT 6 TH N ETC NORTH RIDGE SUB
- Property ID: 342010060
Listed by Leland Realty
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NMLS#: 1598647
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Schools
Schools serving 1314 Fairlane Terrace
School District:Albert Lea Public School District
| Name | Grades | Distance |
|---|---|---|
Hawthorne Elementary School 1000 East Hawthorne Street, Albert Lea, MN 56007 | K-5 | 0.3 mi |
Albert Lea Senior High School 2000 Tiger Lane, Albert Lea, MN 56007 | 8-12 | 0.9 mi |
Southwest Middle School 1601 West Front Street, Albert Lea, MN 56007 | 6-7 | 2.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1314 Fairlane Terrace
Tax History
Tax History for 1314 Fairlane Terrace
Year
Property Taxes
Change
Tax Assessment
Change
2026
$2,694
7%
$177,200
—
2024
$2,518
31%
$177,200
9%
2023
$1,928
1%
$162,300
12%
2023
$1,910
5%
$145,100
—
2020
$1,812
—
$144,500
21%
2020
$1,812
—
$119,500
-2%
2020
$1,812
22%
$122,200
15%
2019
$1,490
22%
$106,400
100%
2018
$1,220
58%
100%
2016
$774
—
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1314 Fairlane Terrace
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1314 Fairlane Terrace, Albert Lea, MN 56007 (MLS# 7152170) is a Single Family property with 3 bedrooms and 1 full bathroom. 1314 Fairlane Terrace is currently listed for $184,900 and was received on October 01, 2026. Want to learn more about 1314 Fairlane Terrace? Do you have questions about finding other Single Family real estate for sale in Albert Lea? You can browse all Albert Lea real estate or contact a Coldwell Banker agent to request more information.