Large Location Icon

524 Water St; Albert Lea, MN Property Details

524 Water St, Albert Lea, MN is a Duplex 2 Units that was built in 1925. This property is currently Financed and is not for sale. Our records show that 524 Water St has 3 bedrooms, and 1 bathroom, and a total of 1,661 square feet. The lot size of 524 Water St is 8,712 square feet.

Off market
524 Water St Albert Lea, MN 56007
$159,000 Estimated Value
3 Beds
1 Baths
1,661 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1925
  • Purchase Price: $66,000
  • Open Loans / Balance: 1 / $46,046
  • Est. Equity / %: $105,954 / 69.71%
  • APN: 34.006.0280
  • Situs County: Freeborn
  • Length Of Ownership: 6 years, 5 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full Bathrooms: 1
  • Total Rooms: 8

Structure

  • Building Style: Frame
  • Floor Cover Type: Hardwood
  • Stories: 1.5
  • Exterior Wall Type: Metal
  • Interior Wall Type: Plaster
  • Building Condition: Average
  • Roof Type: Gable
  • Roof Cover Type: Asphalt

Measurements

  • Total: 1,661/SqFt
  • Lot: 8,712/SqFt
  • Gross: 1,661/SqFt
  • Garage: 720/SqFt
  • Living: 1,661/SqFt
  • Basement: 864/SqFt
  • Building: 1,661/SqFt
  • Ground: 1,056/SqFt
  • Garage Unfinished: 720/SqFt
  • Basement Unfinished: 864/SqFt
  • Price Per Square Foot: $39.74

Legal Description

  • Description: WEST ALBERT LEA LOT-PT9 E 4 RDS OF W 8 RDS LOT 9 WEST ALBERT LEA
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: 43.65086 / -93.375084
  • Subdivision: West Albert Lea
  • Property Class: Residential
  • Zoning: RP
  • County Use Code: 206

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 2451
  • Bathroom Fixtures: 1
  • Garage: Detached Garage
  • Heating: Forced air unit

Ownership Info

524 Water St has no associated ownership info
524 Water St has no associated ownership info.

Taxes

524 Water St has 10 associated Taxes items

524 Water St, 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 $159,000. The APN we've located for 524 Water St is 34.006.0280.

Unlock the full report
Taxes
  • Assessed Value:  $159,000
  • Assessed Year:  2026
  • Assessed County:  Freeborn
  • APN:  34.006.0280
  • Assessed Land Value:  13900
  • Market Land Value:  13900
  • Tax Amount:  3054
  • Tax Year:  2026
  • Market Value:  159000
  • Market Year:  2026

Tax History

524 Water St has 13 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2026 Assessed Value $159,000 Land Value $13,900 Improvement Value $145,100 Tax Amount $3,054 Change Rate Assessed CR Tax Rate +0.019208%
Year 2025 Assessed Value Land Value Improvement Value Tax Amount $3,054 Change Rate +0.353723% Assessed CR Tax Rate
Year 2024 Assessed Value $113,500 Land Value $13,900 Improvement Value $99,600 Tax Amount $2,256 Change Rate +0.106968% Assessed CR Tax Rate +0.019877%
Year 2023 Assessed Value $105,500 Land Value $13,900 Improvement Value $91,600 Tax Amount $2,038 Change Rate +0.25958% Assessed CR Tax Rate +0.019318%
Year 2022 Assessed Value $100,400 Land Value $13,900 Improvement Value $86,500 Tax Amount $1,618 Change Rate +0.072944% Assessed CR Tax Rate +0.016116%
Year 2021 Assessed Value $70,600 Land Value $13,900 Improvement Value $56,700 Tax Amount $1,508 Change Rate +3.488095% Assessed CR Tax Rate +0.02136%
Year 2020 Assessed Value $19,800 Land Value $11,900 Improvement Value $7,900 Tax Amount $336 Change Rate +0.272727% Assessed CR Tax Rate +0.01697%
Year 2019 Assessed Value $16,400 Land Value $9,900 Improvement Value $6,500 Tax Amount $264 Change Rate +0.03125% Assessed CR Tax Rate +0.016098%
Year 2018 Assessed Value Land Value Improvement Value Tax Amount $256 Change Rate -0.276836% Assessed CR Tax Rate
Year 2016 Assessed Value Land Value Improvement Value Tax Amount $354 Change Rate -0.022099% Assessed CR Tax Rate
Year 2015 Assessed Value Land Value Improvement Value Tax Amount $362 Change Rate -0.037234% Assessed CR Tax Rate
Year 2013 Assessed Value Land Value Improvement Value Tax Amount $376 Change Rate -0.433735% Assessed CR Tax Rate
Year 2012 Assessed Value Land Value Improvement Value Tax Amount $664 Change Rate Assessed CR Tax Rate