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505 Freeborn Ave; Albert Lea, MN Property Details

505 Freeborn Ave, Albert Lea, MN is a Duplex 2 Units that was built in 1947. This property is currently a cash purchase and is not for sale. Our records show that 505 Freeborn Ave has 2 bedrooms, and 1 bathroom, and a total of 1,152 square feet. The lot size of 505 Freeborn Ave is 6,000 square feet.

Off market
505 Freeborn Ave Albert Lea, MN 56007
$32,500 Listing Price
2 Beds
1 Baths
1,152 SqFt
Property Type
Duplex 2 Units
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Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Corporate
  • Owner Status: Corporate
  • Year Built: 1947
  • Purchase Price: $95,000
  • Est. Equity / %: $142,000 / 100%
  • APN: 34.180.1290
  • Situs County: Freeborn
  • Length Of Ownership: 2 years, 1 months

Rooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full Bathrooms: 1
  • Total Rooms: 6

Structure

  • Building Style: Frame
  • Floor Cover Type: Carpet
  • Stories: 1
  • Exterior Wall Type: Wood Siding
  • Interior Wall Type: Plaster
  • Building Condition: Average
  • Roof Type: Gable
  • Roof Cover Type: Asphalt

Measurements

  • Total: 1,152/SqFt
  • Lot: 6,000/SqFt
  • Gross: 1,152/SqFt
  • Garage: 360/SqFt
  • Living: 1,152/SqFt
  • Building: 1,152/SqFt
  • Ground: 1,152/SqFt
  • Garage Unfinished: 360/SqFt
  • Price Per Square Foot: $82.47

Legal Description

  • Description: HOME ADDITION LOT-014 BLOCK-005 LOT 14 BLK 5 HOME ADDITION
Building Insights

Land Information

  • Property Type: Duplex 2 Units
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Albert Lea Public School District
  • Lat / Lon: 43.65379 / -93.35681
  • Subdivision: Home Addition
  • Property Class: Residential
  • Zoning: R2
  • County Use Code: 206

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 3602
  • Bathroom Fixtures: 1
  • Garage: Detached Garage
  • Heating: Forced air unit

Ownership Info

505 Freeborn Ave has no associated ownership info
505 Freeborn Ave has no associated ownership info.

Taxes

505 Freeborn Ave has 10 associated Taxes items

505 Freeborn Ave, Albert Lea, MN pays taxes in Freeborn County, MN. The most recent tax assessment records are from 2026 and show that the current assessed value of the property is $112,600. The APN we've located for 505 Freeborn Ave is 34.180.1290.

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Taxes
  • Assessed Value:  $112,600
  • Assessed Year:  2026
  • Assessed County:  Freeborn
  • APN:  34.180.1290
  • Assessed Land Value:  8200
  • Market Land Value:  8200
  • Tax Amount:  2956
  • Tax Year:  2026
  • Market Value:  112600
  • Market Year:  2026

Tax History

505 Freeborn Ave has 13 associated Tax History items

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YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2026 Assessed Value $112,600 Land Value $8,200 Improvement Value $104,400 Tax Amount $2,956 Change Rate Assessed CR Tax Rate +0.026252%
Year 2025 Assessed Value Land Value Improvement Value Tax Amount $2,956 Change Rate +0.395656% Assessed CR Tax Rate
Year 2024 Assessed Value $53,000 Land Value $8,200 Improvement Value $44,800 Tax Amount $2,118 Change Rate +0.032164% Assessed CR Tax Rate +0.039962%
Year 2023 Assessed Value $49,400 Land Value $8,200 Improvement Value $41,200 Tax Amount $2,052 Change Rate +1.300448% Assessed CR Tax Rate +0.041538%
Year 2022 Assessed Value $50,300 Land Value $8,200 Improvement Value $42,100 Tax Amount $892 Change Rate +0.069544% Assessed CR Tax Rate +0.017734%
Year 2021 Assessed Value $36,600 Land Value $8,200 Improvement Value $28,400 Tax Amount $834 Change Rate -0.112766% Assessed CR Tax Rate +0.022787%
Year 2020 Assessed Value $38,700 Land Value $8,200 Improvement Value $30,500 Tax Amount $940 Change Rate +0.143552% Assessed CR Tax Rate +0.024289%
Year 2019 Assessed Value $34,900 Land Value $7,300 Improvement Value $27,600 Tax Amount $822 Change Rate +0.040506% Assessed CR Tax Rate +0.023553%
Year 2018 Assessed Value Land Value Improvement Value Tax Amount $790 Change Rate -0.066194% Assessed CR Tax Rate
Year 2016 Assessed Value Land Value Improvement Value Tax Amount $846 Change Rate +0.029197% Assessed CR Tax Rate
Year 2015 Assessed Value Land Value Improvement Value Tax Amount $822 Change Rate -0.127389% Assessed CR Tax Rate
Year 2013 Assessed Value Land Value Improvement Value Tax Amount $942 Change Rate -0.2464% Assessed CR Tax Rate
Year 2012 Assessed Value Land Value Improvement Value Tax Amount $1,250 Change Rate Assessed CR Tax Rate
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