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524 Park Ave; Albert Lea, MN Property Details

524 Park Ave, Albert Lea, MN is a Quadruplex 4 Units that was built in 1878. This property is currently a cash purchase and is not for sale. Our records show that 524 Park Ave has 5 bedrooms, and 2 bathrooms, and a total of 3,204 square feet. The lot size of 524 Park Ave is 8,898 square feet.

Off market
524 Park Ave Albert Lea, MN 56007
$240,200 Estimated Value
5 Beds
2 Baths
3,204 SqFt
Property Type
Quadruplex 4 Units
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Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Corporate
  • Owner Status: Corporate
  • Year Built: 1878
  • Purchase Price: $100,000
  • Est. Equity / %: $227,000 / 100%
  • APN: 34.124.0080
  • Situs County: Freeborn
  • Length Of Ownership: 11 years, 9 months

Rooms

  • Bedrooms: 5
  • Bathrooms: 2
  • Full Bathrooms: 2

Structure

  • Building Style: Frame
  • Floor Cover Type: Hardwood
  • Stories: 2
  • Exterior Wall Type: Brick
  • Interior Wall Type: Plaster
  • Building Condition: Fair
  • Roof Type: Gable
  • Roof Cover Type: Asphalt

Measurements

  • Total: 3,204/SqFt
  • Lot: 8,898/SqFt
  • Gross: 3,204/SqFt
  • Garage: 324/SqFt
  • Living: 3,204/SqFt
  • Basement: 1,638/SqFt
  • Building: 3,204/SqFt
  • Garage Unfinished: 324/SqFt
  • Basement Unfinished: 1,638/SqFt
  • Price Per Square Foot: $31.21

Legal Description

  • Description: ARMSTRONG'S ADDITION W 138 FT N 23 FT LOT 16 & W 138 FT S 42 FT LOT 17 ARMSTRONG ADDN CITY OF ALBERT LEA
Building Insights

Land Information

  • Property Type: Quadruplex 4 Units
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Albert Lea Public School District
  • Lat / Lon: 43.654564 / -93.373535
  • Subdivision: Armstrong'S Addition
  • Property Class: Residential
  • County Use Code: 205

Amenities

  • Plus Four: 4433
  • Bathroom Fixtures: 1
  • Garage: Attached Garage
  • Heating: Radiant

Ownership Info

524 Park Ave has no associated ownership info
524 Park Ave has no associated ownership info.

Taxes

524 Park Ave has 10 associated Taxes items

524 Park 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 $240,200. The APN we've located for 524 Park Ave is 34.124.0080.

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Taxes
  • Assessed Value:  $240,200
  • Assessed Year:  2026
  • Assessed County:  Freeborn
  • APN:  34.124.0080
  • Assessed Land Value:  17200
  • Market Land Value:  17200
  • Tax Amount:  5438
  • Tax Year:  2025
  • Market Value:  240200
  • Market Year:  2026

Tax History

524 Park Ave has 13 associated Tax History items

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YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2026 Assessed Value $240,200 Land Value $17,200 Improvement Value $223,000 Tax Amount Change Rate Assessed CR Tax Rate
Year 2025 Assessed Value Land Value Improvement Value Tax Amount $5,438 Change Rate +0.143879% Assessed CR Tax Rate
Year 2024 Assessed Value $191,200 Land Value $17,200 Improvement Value $174,000 Tax Amount $4,754 Change Rate -0.016956% Assessed CR Tax Rate +0.024864%
Year 2023 Assessed Value $201,200 Land Value $17,200 Improvement Value $184,000 Tax Amount $4,836 Change Rate +0.48071% Assessed CR Tax Rate +0.024036%
Year 2022 Assessed Value $201,200 Land Value $17,200 Improvement Value $184,000 Tax Amount $3,266 Change Rate +0.137187% Assessed CR Tax Rate +0.016233%
Year 2021 Assessed Value $96,000 Land Value $17,200 Improvement Value $78,800 Tax Amount $2,872 Change Rate -0.007602% Assessed CR Tax Rate +0.029917%
Year 2020 Assessed Value $75,600 Land Value $17,200 Improvement Value $58,400 Tax Amount $2,894 Change Rate +0.006259% Assessed CR Tax Rate +0.03828%
Year 2019 Assessed Value $76,600 Land Value $22,600 Improvement Value $54,000 Tax Amount $2,876 Change Rate -0.010323% Assessed CR Tax Rate +0.037546%
Year 2018 Assessed Value Land Value Improvement Value Tax Amount $2,906 Change Rate +0.719527% Assessed CR Tax Rate
Year 2016 Assessed Value Land Value Improvement Value Tax Amount $1,690 Change Rate +0.03681% Assessed CR Tax Rate
Year 2015 Assessed Value Land Value Improvement Value Tax Amount $1,630 Change Rate -0.001225% Assessed CR Tax Rate
Year 2013 Assessed Value Land Value Improvement Value Tax Amount $1,632 Change Rate -0.076923% Assessed CR Tax Rate
Year 2012 Assessed Value Land Value Improvement Value Tax Amount $1,768 Change Rate Assessed CR Tax Rate
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