518 E 5th St Albert Lea, MN 56007
Albert Lea AreaEstimated payment $782/month
About This Home
Whether you're searching for your first home or a great investment opportunity, this affordable 3-bedroom, 1-bath home offers the perfect combination of value, comfort, and move-in-ready updates.
Step inside to discover a bright, refreshed interior featuring all new flooring and fresh paint throughout the main level, creating a clean, modern feel from the moment you walk in. The functional layout offers comfortable living spaces, three well-sized bedrooms, and a full bath designed for everyday living.
Outside, you'll appreciate the low-maintenance vinyl siding, providing lasting durability and attractive curb appeal.
With its affordable price point, thoughtful updates, and opportunity to make it your own, this home is one you won't want to miss. Schedule your showing today and see all it has to offer!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $746
Year Built
- Built in 1923
Home Design
- Block Foundation
- Vinyl Siding
Interior Spaces
- 1,047 Sq Ft Home
- 2-Story Property
- Unfinished Basement
- Basement Fills Entire Space Under The House
Kitchen
- Range
- Dishwasher
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Laundry
- Dryer
- Washer
Additional Features
- Lot Dimensions are 132x33
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
- Lake Add Subdivision
Listing and Financial Details
- Assessor Parcel Number 340361860
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $1,316 | $54,000 | $11,600 | $42,400 |
| 2025 | $814 | $54,000 | $11,600 | $42,400 |
| 2024 | $1,070 | $48,600 | $8,300 | $40,300 |
| 2023 | $800 | $42,800 | $8,300 | $34,500 |
| 2022 | $724 | $43,400 | $8,300 | $35,100 |
| 2021 | $624 | $38,100 | $8,300 | $29,800 |
| 2020 | $582 | $29,900 | $5,800 | $24,100 |
| 2019 | $492 | $25,800 | $5,000 | $20,800 |
| 2018 | $474 | $0 | $0 | $0 |
| 2016 | $468 | $0 | $0 | $0 |
| 2015 | $452 | $0 | $0 | $0 |
| 2014 | $454 | $0 | $0 | $0 |
| 2012 | $600 | $0 | $0 | $0 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/13/2026 08/13/26 | Price Changed | $127,500 | -6.3% | $122 / Sq Ft |
| 07/31/2026 07/31/26 | For Sale | $136,000 | -- | $130 / Sq Ft |
Source: NorthstarMLS
MLS Number: 7119339
APN: 34.036.1860
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All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of NorthstarMLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.