531 Lake Ave
Albany, MN 56307
3 bd 2 ba 1,127 sqft Built 1900 Lot 7,405 sqft single_family
Most recent sale
$188,500
Apr 19, 2024
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Apr 19, 2024 | Sold | $188,500 | NorthstarMLS |
| Feb 12, 2024 | Listed | $185,000 | NorthstarMLS |
| Jun 12, 2016 | Sold | $109,900 | NorthstarMLS |
| Apr 7, 2016 | Listed | $109,900 | NorthstarMLS |
| Jan 1, 2016 | Sold | $109,900 | Public Record |
| Jun 17, 2011 | Listing removed | $89,900 | NorthstarMLS |
| Dec 17, 2007 | Sold | $50,000 | NorthstarMLS |
| Nov 2, 2007 | Listed | $57,900 | NorthstarMLS |
| Mar 8, 2006 | Sold | $105,000 | Public Record |
| Jan 18, 2005 | Listed | $89,900 | NorthstarMLS |
| Dec 18, 2003 | Sold | $51,600 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2022 | — | — | $92,800 | $2,170 |
| 2021 | — | — | $88,800 | $1,290 |
| 2020 | — | — | $83,900 | $1,214 |
| 2019 | — | — | $79,800 | $1,186 |
| 2018 | — | — | $66,200 | $1,008 |
| 2017 | — | — | $63,100 | $964 |
| 2016 | — | — | $64,200 | $1,008 |
| 2015 | — | — | $62,800 | $978 |
| 2014 | — | — | $63,800 | $910 |
| 2013 | — | — | $63,900 | $954 |
| 2012 | — | — | $68,800 | $990 |
| 2011 | $74,300 | $24,000 | $98,300 | $976 |
| 2010 | — | — | $107,200 | $1,042 |
Property facts
Year built
1900
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
1,127 sqft
Lot size
7,405 sqft
ZIP code
56307
City
Albany
Street
Lake Ave
Coordinates
45.63347, -94.57015
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,691
Gross rental yield
10.76%
Implied cap rate
7.00%
Trend-extrapolated value
—
Frequently asked questions
When did 531 Lake Ave last sell?
531 Lake Ave most recently sold on Apr 19, 2024 for $188,500.
What is the current tax assessment for 531 Lake Ave?
The most recent total assessment for 531 Lake Ave (year 2022) is $92,800 with $2,170 in property tax.
How does 531 Lake Ave's assessment compare to its last sale price?
The current assessment is 50.8% below the last sale price of $188,500.
When was 531 Lake Ave built?
531 Lake Ave was built in 1900.
How does 531 Lake Ave compare to others on Lake Ave?
We track 8 other properties on Lake Ave. Browse the list under "Other properties on Lake Ave" to compare beds, baths, and sale history.
What are the property facts for 531 Lake Ave?
531 Lake Ave is a 3 bed, 2 bath, 1,127 sqft, 7,405 sqft lot single_family.
Is 531 Lake Ave a flip candidate?
No — 531 Lake Ave does not appear in our flips dataset.
Is 531 Lake Ave a tax-appeal candidate?
No — 531 Lake Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+2.9%
Implied 1-yr
+11.5%
2026 Q2
$303.4K
2026 Q3
$310.8K
ZIP 56307 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Lake Ave