942 3rd Ave
Albert Lea, MN 56007
3 bd 2 ba 1,955 sqft Built 1956 Lot 9,453 sqft single_family
Most recent sale
$162,500
Apr 29, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Apr 29, 2022 | Sold | $162,500 | MLS #6160086 |
| Mar 4, 2022 | Listed | $165,000 | MLS #6160086 |
| Oct 13, 2021 | Sold | $56,810 | MLS #6020397 |
| Aug 9, 2021 | Price changed | $59,800 | MLS #6020397 |
| Jul 6, 2021 | Listed | $62,790 | MLS #6020397 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | — | — | $103,900 | $1,736 |
| 2023 | — | — | $32,200 | $588 |
| 2022 | $29,600 | $11,900 | $41,500 | $784 |
| 2021 | — | — | $24,700 | $1,990 |
| 2020 | — | — | $24,700 | $258 |
| 2019 | — | — | $23,600 | $396 |
| 2018 | — | — | $39,200 | $362 |
| 2017 | $29,444 | $6,656 | $36,100 | $348 |
| 2016 | $29,460 | $7,140 | $36,600 | $332 |
| 2015 | $28,156 | $7,144 | $35,300 | $324 |
| 2014 | $28,156 | $7,144 | $35,300 | $672 |
| 2013 | $240 | $35,560 | $35,800 | $792 |
| 2012 | $240 | $37,860 | $38,100 | $916 |
| 2011 | $36,556 | $8,644 | $45,200 | $1,242 |
| 2009 | $64,100 | $14,400 | $78,500 | $946 |
| 2008 | $64,100 | — | $78,500 | $892 |
| 2007 | $61,000 | $13,700 | $74,700 | $752 |
Property facts
Year built
1956
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
1,955 sqft
Lot size
9,453 sqft
ZIP code
56007
City
Albert Lea
Street
3rd Ave
Coordinates
43.64088, -93.38139
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$975
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 942 3rd Ave last sell?
942 3rd Ave most recently sold on Apr 29, 2022 for $162,500.
What is the current tax assessment for 942 3rd Ave?
The most recent total assessment for 942 3rd Ave (year 2025) is $103,900 with $1,736 in property tax.
How does 942 3rd Ave's assessment compare to its last sale price?
The current assessment is 36.1% below the last sale price of $162,500.
When was 942 3rd Ave built?
942 3rd Ave was built in 1956.
How does 942 3rd Ave compare to others on 3rd Ave?
We track 8 other properties on 3rd Ave. Browse the list under "Other properties on 3rd Ave" to compare beds, baths, and sale history.
What are the property facts for 942 3rd Ave?
942 3rd Ave is a 3 bed, 2 bath, 1,955 sqft, 9,453 sqft lot single_family.
Is 942 3rd Ave a flip candidate?
Yes — 942 3rd Ave appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 942 3rd Ave a tax-appeal candidate?
No — 942 3rd 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 3rd Ave