715 S 1st Ave Albert Lea, MN 56007
Estimated payment $312/month
Highlights
- 1 Fireplace
- No HOA
- 1-Story Property
About This Home
Investor Special – 1 Bedroom Home on a Huge Lot Near Downtown Albert Lea! Attention investors and savvy buyers! Don’t miss this opportunity to own a 1 bedroom, 1 bathroom home just minutes from downtown Albert Lea – offering convenience, charm, and serious upside potential. This property features:
Spacious detached garage Large lot – perfect for expansion, or redevelopment Alley access – ideal for additional parking or future improvements Prime location near downtown shops, dining, and lake access Quiet neighborhood with lots of potential Solid bones – ready for your vision! Whether you're looking to renovate, rent, flip, or build, this is the affordable investment opportunity you’ve been waiting for. Priced to sell – must see in person to truly appreciate the possibilities!
Schedule your showing today! Property is sold as is.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $600
Year Built
- Built in 1940
Lot Details
- 4,966 Sq Ft Lot
- Lot Dimensions are 40x125
Parking
- 1 Car Garage
Home Design
- Vinyl Siding
Interior Spaces
- 629 Sq Ft Home
- 1-Story Property
- 1 Fireplace
- Basement
- Block Basement Construction
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Full Bathroom
Utilities
- No Cooling
- Radiant Heating System
Community Details
- No Home Owners Association
- Belmont Add Subdivision
Listing and Financial Details
- Assessor Parcel Number 340640660
Map
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 | $668 | $50,800 | $6,300 | $44,500 |
| 2024 | $670 | $39,000 | $6,300 | $32,700 |
| 2023 | $656 | $40,500 | $6,300 | $34,200 |
| 2022 | $652 | $39,600 | $6,300 | $33,300 |
| 2021 | $648 | $34,000 | $6,300 | $27,700 |
| 2020 | $568 | $29,100 | $4,400 | $24,700 |
| 2019 | $600 | $31,900 | $4,000 | $27,900 |
| 2018 | $780 | $0 | $0 | $0 |
| 2016 | $446 | $0 | $0 | $0 |
| 2015 | $438 | $0 | $0 | $0 |
| 2014 | $438 | $0 | $0 | $0 |
| 2012 | $506 | $0 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/24/2025 11/24/25 | Pending | -- | -- | -- | |
| 11/13/2025 11/13/25 | Price Changed | $49,999 | -16.7% | $79 / Sq Ft | |
| 10/08/2025 10/08/25 | For Sale | $59,999 | +605.9% | $95 / Sq Ft | |
| 09/23/2013 09/23/13 | Sold | $8,500 | -4.5% | $14 / Sq Ft | View Prior Sale |
| 08/26/2013 08/26/13 | Pending | -- | -- | -- | |
| 08/05/2013 08/05/13 | For Sale | $8,900 | -- | $14 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Limited Warranty Deed | -- | -- |
Source: NorthstarMLS
MLS Number: 6801512
APN: 34.064.0660
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