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506 Minnesota Ave; Albert Lea, MN Property Details

506 Minnesota Ave, Albert Lea, MN is a Single Family that was built in 1925. This property is currently Financed and is not for sale. Our records show that 506 Minnesota Ave has 2 bedrooms, and 1 bathroom, and a total of 624 square feet. The lot size of 506 Minnesota Ave is 6,721 square feet.

Off market
506 Minnesota Ave Albert Lea, MN 56007
$41,100 Listing Price
2 Beds
1 Baths
624 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1925
  • Purchase Price: $41,100
  • Open Loans / Balance: 2 / $55,008
  • Est. Equity / %: $34,992 / 38.88%
  • APN: 34.180.1260
  • Situs County: Freeborn
  • Length Of Ownership: 7 years, 7 months

Rooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full Bathrooms: 1
  • Total Rooms: 4
  • Partial Bathrooms: 1

Structure

  • Building Style: Frame
  • Floor Cover Type: Hardwood
  • Stories: 1
  • Exterior Wall Type: Vinyl siding
  • Interior Wall Type: Plaster
  • Building Condition: Average
  • Roof Type: Gable
  • Roof Cover Type: Asphalt

Measurements

  • Total: 624/SqFt
  • Lot: 6,721/SqFt
  • Garage: 484/SqFt
  • Living: 624/SqFt
  • Basement: 624/SqFt
  • Building: 624/SqFt
  • Ground: 624/SqFt
  • Garage Unfinished: 484/SqFt
  • Basement Unfinished: 624/SqFt
  • Price Per Square Foot: $65.87

Legal Description

  • Description: HOME ADDITION LOT-11& BLOCK-005 LOT 11 & N 7 FT LOT 12 BLK 5 HOME ADDITION
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Albert Lea Public School District
  • Lat / Lon: 43.65382 / -93.35737
  • Subdivision: Home Addition
  • Property Class: Residential
  • Zoning: R2
  • County Use Code: 201

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 3617
  • Bathroom Fixtures: 2
  • Garage: Detached Garage
  • Heating: Forced air unit

Ownership Info

506 Minnesota Ave has no associated ownership info
506 Minnesota Ave has no associated ownership info.

Taxes

506 Minnesota Ave has 10 associated Taxes items

506 Minnesota 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 $80,900. The APN we've located for 506 Minnesota Ave is 34.180.1260.

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Taxes
  • Assessed Value:  $80,900
  • Assessed Year:  2026
  • Assessed County:  Freeborn
  • APN:  34.180.1260
  • Assessed Land Value:  22500
  • Market Land Value:  22500
  • Tax Amount:  870
  • Tax Year:  2026
  • Market Value:  80900
  • Market Year:  2026

Tax History

506 Minnesota Ave has 13 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2026 Assessed Value $80,900 Land Value $22,500 Improvement Value $58,400 Tax Amount $870 Change Rate Assessed CR Tax Rate +0.010754%
Year 2025 Assessed Value Land Value Improvement Value Tax Amount $870 Change Rate +0.430921% Assessed CR Tax Rate
Year 2024 Assessed Value $53,600 Land Value $9,000 Improvement Value $44,600 Tax Amount $608 Change Rate +0.016722% Assessed CR Tax Rate +0.011343%
Year 2023 Assessed Value $53,600 Land Value $9,000 Improvement Value $44,600 Tax Amount $598 Change Rate +0.107407% Assessed CR Tax Rate +0.011157%
Year 2022 Assessed Value $52,100 Land Value $9,000 Improvement Value $43,100 Tax Amount $540 Change Rate +0.106557% Assessed CR Tax Rate +0.010365%
Year 2021 Assessed Value $42,400 Land Value $9,000 Improvement Value $33,400 Tax Amount $488 Change Rate +0.004115% Assessed CR Tax Rate +0.011509%
Year 2020 Assessed Value $37,500 Land Value $7,000 Improvement Value $30,500 Tax Amount $486 Change Rate +0.173913% Assessed CR Tax Rate +0.01296%
Year 2019 Assessed Value $32,700 Land Value $6,200 Improvement Value $26,500 Tax Amount $414 Change Rate -0.300676% Assessed CR Tax Rate +0.012661%
Year 2018 Assessed Value Land Value Improvement Value Tax Amount $592 Change Rate -0.144509% Assessed CR Tax Rate
Year 2016 Assessed Value Land Value Improvement Value Tax Amount $692 Change Rate -0.091864% Assessed CR Tax Rate
Year 2015 Assessed Value Land Value Improvement Value Tax Amount $762 Change Rate +0.411111% Assessed CR Tax Rate
Year 2013 Assessed Value Land Value Improvement Value Tax Amount $540 Change Rate -0.264305% Assessed CR Tax Rate
Year 2012 Assessed Value Land Value Improvement Value Tax Amount $734 Change Rate Assessed CR Tax Rate