131 2nd Ave
Albert Lea, MN 56007
3 bd 2 ba 2,360 sqft Built 1912 Lot 7,405 sqft single_family
Most recent sale
$162,900
Jan 22, 2024
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jan 22, 2024 | Sold | $162,900 | NorthstarMLS |
| Dec 9, 2023 | Listed | $164,900 | NorthstarMLS |
| Jul 1, 2022 | Sold | $140,000 | Public Record |
| Sep 30, 2021 | Sold | $84,000 | Public Record |
| Mar 11, 2019 | Listing removed | $55,900 | NorthstarMLS |
| Dec 10, 2018 | Listing removed | $55,900 | GreaterLakes |
| Apr 27, 2015 | Listing removed | $55,900 | Southeastminnesota |
| Jan 20, 2015 | Listed | $55,900 | Southeastminnesota |
| Jan 19, 2015 | Listed | $55,900 | NorthstarMLS |
| Jun 24, 2008 | Sold | $48,000 | Southeastminnesota |
| Mar 4, 2008 | Listed | $53,900 | Southeastminnesota |
| Jan 29, 2004 | Listing removed | $99,900 | Southeastminnesota |
| Jul 30, 2003 | Listed | $99,900 | Southeastminnesota |
| May 25, 2001 | Sold | $83,900 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2022 | — | — | $50,900 | $1,018 |
| 2021 | — | — | $47,800 | $972 |
| 2020 | — | — | $41,600 | $1,002 |
| 2019 | — | — | $34,500 | $856 |
| 2018 | $29,280 | $5,220 | $34,500 | $868 |
| 2017 | $24,692 | $6,608 | $31,300 | $778 |
| 2016 | $22,695 | $6,605 | $29,300 | $748 |
| 2015 | $24,196 | $6,604 | $30,800 | $766 |
| 2014 | $25,696 | $6,604 | $32,300 | $808 |
| 2013 | $28,893 | $6,607 | $35,500 | $946 |
| 2012 | $47,965 | $6,335 | $54,300 | $1,292 |
| 2011 | $74,200 | $9,800 | $84,000 | $1,348 |
| 2009 | $74,200 | — | $84,000 | $1,036 |
| 2007 | $70,700 | $9,300 | $80,000 | $1,046 |
Property facts
Year built
1912
Property type
single_family
Stories
2
Beds
3
Baths
2
Living area
2,360 sqft
Lot size
7,405 sqft
ZIP code
56007
City
Albert Lea
Street
2nd Ave
Coordinates
43.65116, -93.38160
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
$977
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 131 2nd Ave last sell?
131 2nd Ave most recently sold on Jan 22, 2024 for $162,900.
What is the current tax assessment for 131 2nd Ave?
The most recent total assessment for 131 2nd Ave (year 2022) is $50,900 with $1,018 in property tax.
How does 131 2nd Ave's assessment compare to its last sale price?
The current assessment is 68.8% below the last sale price of $162,900.
When was 131 2nd Ave built?
131 2nd Ave was built in 1912.
How does 131 2nd Ave compare to others on 2nd Ave?
We track 8 other properties on 2nd Ave. Browse the list under "Other properties on 2nd Ave" to compare beds, baths, and sale history.
What are the property facts for 131 2nd Ave?
131 2nd Ave is a 3 bed, 2 bath, 2,360 sqft, 7,405 sqft lot single_family.
Is 131 2nd Ave a flip candidate?
Yes — 131 2nd Ave appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 131 2nd Ave a tax-appeal candidate?
No — 131 2nd 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 2nd Ave