507 Hills Ln Albert Lea, MN 56007
Estimated payment $1,426/month
Total Views
27,093
4
Beds
2
Baths
1,692
Sq Ft
$124
Price per Sq Ft
Highlights
- Deck
- 2 Car Attached Garage
- Forced Air Heating System
- Corner Lot
- 1-Story Property
About This Home
What a great investment!!! With a good cash flow!!! Also owner could live in one half and rent out the other side for extra income. Both units feature a full basement, with an attached garage and deck.(decks were refaced with new lumber ! new garage doors, and storm doors.) Newer flooring in both units. Both units have 2 bedrooms , bath , kitchen , and living room on the main floor. (Appliances are included).(Attached garages) West unit has been completely updated, with new flooring, paint, bathroom , along with the kitchen!! (New appliances in this unit).. This unit will not disappoint. All this located on almost a half of an acre lot . ( Extra Large lot with room to build)You could build that 30x36 garage you always wanted?? (Just check with the city).. Priced to sell !!!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,206
Year Built
- Built in 1976
Lot Details
- Lot Dimensions are 135x150
- Corner Lot
Parking
- 2 Car Attached Garage
Home Design
- Duplex
Interior Spaces
- 1,692 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Sump Pump
Outdoor Features
- Deck
Utilities
- Forced Air Heating System
- 100 Amp Service
- Cable TV Available
Community Details
- 2 Units
Listing and Financial Details
- The owner pays for insurance, grounds care, repairs, sewer, snow removal, taxes, trash collection
- Assessor Parcel Number 342630010
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,694 | $254,000 | $28,100 | $225,900 |
| 2024 | $3,338 | $190,500 | $28,100 | $162,400 |
| 2023 | $3,380 | $177,500 | $28,100 | $149,400 |
| 2022 | $2,902 | $179,200 | $28,100 | $151,100 |
| 2021 | $2,740 | $130,600 | $28,100 | $102,500 |
| 2020 | $3,282 | $147,500 | $33,700 | $113,800 |
| 2019 | $2,938 | $133,700 | $30,900 | $102,800 |
| 2018 | $2,828 | $0 | $0 | $0 |
| 2016 | $3,214 | $0 | $0 | $0 |
| 2015 | $3,174 | $0 | $0 | $0 |
| 2014 | $3,160 | $0 | $0 | $0 |
| 2012 | $2,598 | $0 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/14/2025 07/14/25 | Price Changed | $209,900 | -4.5% | $124 / Sq Ft |
| 06/30/2025 06/30/25 | Price Changed | $219,900 | -2.2% | $130 / Sq Ft |
| 06/18/2025 06/18/25 | Price Changed | $224,900 | -3.4% | $133 / Sq Ft |
| 05/27/2025 05/27/25 | Price Changed | $232,900 | -3.4% | $138 / Sq Ft |
| 04/28/2025 04/28/25 | Price Changed | $241,000 | -2.6% | $142 / Sq Ft |
| 03/18/2025 03/18/25 | Price Changed | $247,500 | -1.0% | $146 / Sq Ft |
| 01/22/2025 01/22/25 | For Sale | $249,900 | -- | $148 / Sq Ft |
Source: NorthstarMLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $90,400 | -- | |
| Warranty Deed | $90,437 | Partners Title Llc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $62,072 | New Conventional |
Source: Public Records
Similar Homes in Albert Lea, MN
Source: NorthstarMLS
MLS Number: 6645385
APN: 34.263.0010
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