About This Home

This 3-bedroom, 1-bathroom single family at 1314 Fairlane Terrace in Albert Lea, MN is listed for $184,900 ($192 per sqft). Built in 1957, the home offers 962 sqft of living space on a 0.22 acres lot.

Key Features

  • Built in 1957
  • 0.22 acre lot

Property Details

1 full
2-car garage
1957

Amenities

A/C
Listing 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.

Monthly Cost Estimate

$989/mo

20% down · 6.5% · 30 years

Principal$134
Interest$801
Insurance$54

Estimates only. Actual payments may vary.

Location

1314 Fairlane Terrace

Albert Lea, MN 56007

North Ridge Sub

Features & Amenities

Interior Features

3 BR on One Level

Property Details

Construction

Frame

Outdoor Features

PatioDeck

Parking

Garage - DetachedDriveway

Heating

Forced Air

Cooling

Central Air

Appliances

DishwasherDryerExhaust Fan/HoodFurnace HumidifierWater Heater - GasRangeRefrigeratorWasher

Questions & Answers

This 3-bedroom, 1-bathroom single family at 1314 Fairlane Terrace is listed at $184,900 ($192/sqft). The estimated monthly payment is $989 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1957, 0.22 acre lot. Interior Features: 3 BR on One Level.

This property is listed by Matthew N Johnson and can be reached at (507) 373-9586.

MJ

Matthew N Johnson

Agent at Leland Realty, Inc.

(507) 373-9586
Agent website

Listed by Leland Realty, Inc. · Broker phone: (507) 373-9586 · View on Broker Site · Broker website

MLS# 7152170· Source: Northstar MLS· 8 days on PropertySimple

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1314 Fairlane Terrace, Albert Lea, MN 56007

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