1314 Fairlane Terrace - Photo 1
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1314 Fairlane Terrace
1314 Fairlane Terrace
1314 Fairlane Terrace
1314 Fairlane Terrace
1314 Fairlane Terrace

1314 Fairlane Terrace, Albert Lea, MN 56007 - MLS# 7152170

MLS® #: 7152170|Days on Market: 41|Listed: Oct 1, 2026

$184,900

Bedrooms
3
Bathrooms
1
Square Feet
962
Acres
0.22
Year Built
1957
Property Type
Residential
Heating
Natural Gas, Forced Air
Cooling
Ceiling Fan(s), Central Air
Garages
2
Days on Market
41
School District
241 - Albert Lea

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.

1314 Fairlane Terrace, Albert Lea, MN 56007

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Interior Information

BasementBlock, Sump Pump, Unfinished
AppliancesDishwasher, Dryer, Exhaust Fan, Humidifier, Gas Water Heater, Range, Refrigerator, Washer
CoolingCentral Air
HeatingForced Air
FuelNatural Gas
LaundryIn Basement, Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
Dining RoomLiving/Dining Room
Interior AmenitiesCeiling Fan(s), Deck, Kitchen Window, Patio, Wet Bar
ElectricCircuit Breakers, 100 Amp Service

Size & Levels

LevelsOne
Total Finished Sq Ft962 sq ft
Above Grade Finished962 sq ft
Main Level Finished962 sq ft
Total Area (incl. unfinished)1,924 sq ft

Bathrooms

Full Baths1
Bathroom DetailsBasement, Main Floor Full Bath, Rough In

Rooms

Main Level Rooms

Living Room19' x 13'
Kitchen13' x 8'
Bedroom12' x 10'
Bedroom 212' x 9'
Bedroom 312' x 9'
Bathroom8' x 6'

Basement Level Rooms

Laundry12' x 12'
Recreation Room18' x 11'
Storage17' x 12'

Exterior & Parking

ExteriorVinyl
ConstructionFrame
RoofAge 8 Years or Less, Asphalt
FoundationBrick/Mortar
Patio / PorchDeck, Patio
Garage Stalls2
ParkingDetached Garage, Concrete

Lot & Utilities

Property SubtypeSingle Family
Lot Size0.22 acres
Lot Dimensions76x140
ZoningResidential-Single Family
SubdivisionNorth Ridge Sub
TownshipAlbert Lea
CountyFreeborn
SewerCity Sewer/Connected
WaterCity Water/Connected
Road FrontageCity Street, Curbs, Paved Streets, Street Lights, Storm Sewer
FencingFull, Wood

Financial & Tax Information

Annual Taxes$2,276
Tax Year2026
Tax w/ Assessments$2,694
Other Annual Assessments$1,837
Assessment PendingNo
Parcel Number342010060
Financing OptionsConventional, VA, FHA, Cash, Rural Development
List TypeExclusive Right To Sell

Location

Call 612-356-2121For Showings and Questions

Schools

Albert Lea Public School District

This home is in the Hawthorne Elementary, Southwest Middle and Albert Lea Senior High attendance areas of Albert Lea Public School District.

Elementary

Hawthorne Elementary

Grades PK-5 · 0.3 mi away

Enrollment
400
Students per teacher
13.8

1000 E Hawthorne, Albert Lea, MN 56007

(507) 379-4960

Middle

Southwest Middle

Grades 6-7 · 2.3 mi away

Enrollment
486
Students per teacher
14.7

1601 W Front St, Albert Lea, MN 56007

(507) 379-5240

High

Albert Lea Senior High

Grades 8-12 · 0.9 mi away

Enrollment
1,196
Students per teacher
16.2

2000 Tiger Ln, Albert Lea, MN 56007

(507) 379-5340

School assignments can change. Verify enrollment with Albert Lea Public School District.

Sources: Minnesota Department of Education attendance areas (2025-26); NCES Common Core of Data 2024 via the Urban Institute Education Data Portal.

Questions and Answers

How much is 1314 Fairlane Terrace?

1314 Fairlane Terrace in Albert Lea, MN, is listed at $184,900 as of Nov 11, 2026 ($192 per finished square foot and 41 days on market).

What school district is 1314 Fairlane Terrace in?

Albert Lea Public School District. It is in the attendance areas for Hawthorne Elementary (grades PK-5, 0.3 mi), Southwest Middle (grades 6-7, 2.3 mi) and Albert Lea Senior High (grades 8-12, 0.9 mi), according to Minnesota Department of Education 2025-26 boundaries. Assignments can change, so confirm enrollment with the district.

What are the property taxes for 1314 Fairlane Terrace?

Property taxes are $2,276 for 2026, or $2,694 including special assessments. No special assessments are pending.

Does 1314 Fairlane Terrace have an HOA fee?

No. The listing shows no homeowners association fee.

How do I schedule a showing of 1314 Fairlane Terrace?

Call Pederson Realty anytime at 612-356-2121 to ask about this home, schedule a showing, or be connected to an agent. You can also contact the agent shown on this page or use the Tour in Person button. We can usually set up a showing within a day.

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Listed by: Leland Realty
Source: NorthstarMLS

Copyright 2026 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Pederson Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.