221 1st Ave
Albert Lea, MN 56007
3 bd 1 ba 1,872 sqft Built 1898 Lot 5,314 sqft single_family
Most recent sale
$91,000
Jan 28, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jan 28, 2022 | Sold | $91,000 | MLS #6101080 |
| Sep 16, 2021 | Listed | $94,900 | MLS #6101080 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2020 | — | — | $35,900 | $730 |
| 2019 | — | — | $35,200 | $612 |
| 2018 | — | — | $29,900 | $614 |
| 2017 | $25,097 | $4,803 | $29,900 | $506 |
| 2016 | $21,104 | $4,796 | $25,900 | $482 |
| 2015 | $19,800 | $4,800 | $24,600 | $490 |
| 2014 | $21,104 | $4,796 | $25,900 | $518 |
| 2013 | $22,407 | $4,793 | $27,200 | $634 |
| 2012 | $25,397 | $4,803 | $30,200 | $732 |
| 2011 | $31,235 | $4,565 | $35,800 | $750 |
| 2009 | $52,000 | $8,600 | $60,600 | $710 |
| 2008 | $50,600 | — | $59,200 | $664 |
| 2007 | $48,200 | $8,200 | $56,400 | $564 |
Property facts
Year built
1898
Property type
single_family
Stories
1
Beds
3
Baths
1
Living area
1,872 sqft
Lot size
5,314 sqft
ZIP code
56007
City
Albert Lea
Street
1st Ave
Coordinates
43.65122, -93.38032
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$546
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 221 1st Ave last sell?
221 1st Ave most recently sold on Jan 28, 2022 for $91,000.
What is the current tax assessment for 221 1st Ave?
The most recent total assessment for 221 1st Ave (year 2020) is $35,900 with $730 in property tax.
How does 221 1st Ave's assessment compare to its last sale price?
The current assessment is 60.5% below the last sale price of $91,000.
When was 221 1st Ave built?
221 1st Ave was built in 1898.
How does 221 1st Ave compare to others on 1st Ave?
We track 8 other properties on 1st Ave. Browse the list under "Other properties on 1st Ave" to compare beds, baths, and sale history.
What are the property facts for 221 1st Ave?
221 1st Ave is a 3 bed, 1 bath, 1,872 sqft, 5,314 sqft lot single_family.
Is 221 1st Ave a flip candidate?
No — 221 1st Ave does not appear in our flips dataset.
Is 221 1st Ave a tax-appeal candidate?
No — 221 1st 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
+3.0%
Implied 1-yr
+11.9%
2026 Q3
$243.6K
2026 Q4
$249.7K
ZIP 56007 — Median Price History + Forecast
Explore nearby
Geography
Other properties on 1st Ave