722 1st Ave
Albert Lea, MN 56007
4 bd 1 ba 1,109 sqft Built 1959 Lot 5,227 sqft single_family
Most recent sale
$109,000
Jul 21, 2023
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Apr 11, 2024 | Listed | $139,900 | NorthstarMLS |
| Jul 21, 2023 | Sold | $109,000 | NorthstarMLS |
| May 12, 2023 | Listed | $114,900 | NorthstarMLS |
| Jul 19, 2019 | Sold | $75,000 | Public Record |
| Mar 16, 2016 | Sold | $55,000 | NorthstarMLS |
| Mar 7, 2016 | Sold | $51,500 | Southeastminnesota |
| Jan 12, 2016 | Listed | $55,000 | Southeastminnesota |
| Jan 1, 2016 | Sold | $51,500 | Public Record |
| Oct 21, 2015 | Listed | $55,000 | NorthstarMLS |
| Aug 9, 2010 | Sold | $22,300 | NorthstarMLS |
| Jun 11, 2010 | Listed | $24,900 | Southeastminnesota |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2022 | — | — | $38,600 | $792 |
| 2021 | — | — | $37,700 | $780 |
| 2020 | — | — | $34,100 | $710 |
| 2019 | — | — | $35,600 | $722 |
| 2018 | $27,702 | $2,398 | $30,100 | $618 |
| 2017 | $28,122 | $3,778 | $31,900 | $616 |
| 2016 | $35,700 | $6,300 | $42,000 | $736 |
| 2015 | $36,300 | $6,300 | $42,600 | $850 |
| 2014 | $36,400 | $6,300 | $42,700 | $858 |
| 2013 | $42,800 | $6,300 | $49,100 | $1,054 |
| 2012 | $45,400 | $8,000 | $53,400 | $1,124 |
| 2011 | $47,800 | $8,000 | $55,800 | $830 |
| 2009 | $47,800 | — | $55,800 | $672 |
| 2007 | $45,500 | $7,700 | $53,200 | $568 |
Property facts
Year built
1959
Property type
single_family
Stories
1
Beds
4
Baths
1
Living area
1,109 sqft
Lot size
5,227 sqft
ZIP code
56007
City
Albert Lea
Street
1st Ave
Coordinates
43.64307, -93.38021
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$654
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 722 1st Ave last sell?
722 1st Ave most recently sold on Jul 21, 2023 for $109,000.
What is the current tax assessment for 722 1st Ave?
The most recent total assessment for 722 1st Ave (year 2022) is $38,600 with $792 in property tax.
How does 722 1st Ave's assessment compare to its last sale price?
The current assessment is 64.6% below the last sale price of $109,000.
When was 722 1st Ave built?
722 1st Ave was built in 1959.
How does 722 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 722 1st Ave?
722 1st Ave is a 4 bed, 1 bath, 1,109 sqft, 5,227 sqft lot single_family.
Is 722 1st Ave a flip candidate?
No — 722 1st Ave does not appear in our flips dataset.
Is 722 1st Ave a tax-appeal candidate?
No — 722 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