$195,000
SOLD NOV 21, 2025

507 Hills Ln Albert Lea, MN 56007

4 Beds
2 Baths
1,692 Sq Ft
0.47 Acres

Recently Sold

$115 Per Sq Ft

22% Below List Price

292 Days on Market

Highlights

  • Deck
  • 2 Car Attached Garage
  • Forced Air Heating System
  • Corner Lot
  • 1-Story Property
  • Wood Siding

About This Home

As of November 2025

Fantastic Investment Opportunity!
Don’t miss this rare find with strong cash flow potential! Live in one side and rent out the other for extra income — or add this turnkey duplex to your portfolio. Each unit features: • 2 bedrooms, 1 bath, kitchen, and spacious living room on the main floor • Full basement for storage or future expansion • Attached garage and private deck (recently refaced with new lumber) • Updated flooring throughout • Appliances included The west unit has been completely remodeled — including new flooring, fresh paint, updated bathroom, modern kitchen, and brand-new appliances. It’s move-in ready and sure to impress! Additional updates include new garage doors and storm doors.
All of this sits on an extra-large lot (nearly half an acre) — offering plenty of room to build that dream 30x36 garage or expand further (check with the city for details). This property truly has it all — value, versatility, and potential!
Priced to sell — don’t wait!

Last Agent to Sell the Property

Josh Harmdierks

Unique Realty Listed on: 01/22/2025

Last Buyer's Agent

Mike Steichen

Steichen Real Estate

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
  • Wood Siding

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
  • Block Basement Construction

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating System
  • 100 Amp Service
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • The owner pays for insurance, grounds care, repairs, sewer, snow removal, taxes
  • Assessor Parcel Number 342630010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,206

Year Built

Built in 1976

Lot Details

0

Parking

2

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Side by Side
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1976
  • Above Grade Finished Sq Ft: 1692
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • InternetOptions: Cable
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Full, Sump Pump, Unfinished
  • Living Area: 1692
  • Owner Pays: Insurance, Grounds Care, Repairs, Sewer, Snow Removal, Taxes
  • Basement YN: Yes
  • Amenities: Ceiling Fan(s)
  • Appliances: Dishwasher,Range
  • Number Of Fireplaces: 0
  • Amenities: Ceiling Fan(s)
  • Appliances: Dishwasher,Range
  • Number Of Fireplaces: 0

Beds/Baths

  • Total Bedrooms: 4

Exterior Features

  • Roof: Asphalt
  • Fencing: None
  • ConstructionMaterialsDesc: Frame
  • PatioPorchType: Deck

Garage/Parking

  • Parking Features: Attached Garage
  • Other Parking Spaces: 1
  • Other Parking Spaces: 1

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers, 100 Amp Service
  • Fuel: Natural Gas
  • Number of Ranges: Two

Schools

  • Junior High Dist: Albert Lea
  • SchoolDistrictPhone: 507-379-4800

Lot Info

  • Topography: Level
  • Lot Size: 135x150
  • Land Lease: No
  • Lot Features: Corner Lot
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Wood Siding
  • Units Total: 2

Rental Info

  • Expenses: 6960.0000

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 342630010
  • Tax Annual Amount: 3206
  • TaxWithAssessments: 3338.0000

Multi Family

  • TenantPays: Cable TV, Electricity, Gas
  • Number Of Refrigerators: Two

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 5, 2018
Sold by
Benson Curtis Curtis
Bought by
Harmdierks Joshua Joshua
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $90,400 --
Warranty Deed $90,437 Partners Title Llc
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/21/2025 11/21/25 Sold $195,000 -5.2% $115 / Sq Ft
11/10/2025 11/10/25 Pending -- -- --
10/22/2025 10/22/25 Price Changed $205,777 -0.5% $122 / Sq Ft
09/13/2025 09/13/25 Price Changed $206,777 -0.5% $122 / Sq Ft
08/27/2025 08/27/25 Price Changed $207,770 -1.0% $123 / Sq Ft
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

Tax History Compared to Growth

Source: Public Records

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

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6645385

NorthstarMLS

APN: 34.263.0010