407 3rd St
Albert Lea, MN 56007
4 bd 3 ba 1,599 sqft Built 1893 Lot 9,845 sqft single_family
Most recent sale
$149,900
Apr 30, 2021
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Nov 10, 2022 | Sold | $140,000 | NorthstarMLS |
| Sep 19, 2022 | Listed | $144,999 | MLS #6262129 |
| Apr 30, 2021 | Sold | $149,900 | MLS #5632915 |
| Sep 18, 2020 | Price changed | $149,900 | MLS #5632915 |
| Jul 30, 2020 | Listed | $159,900 | MLS #5632915 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2021 | $54,900 | $9,800 | $64,700 | $1,202 |
| 2020 | $54,900 | $9,800 | $64,700 | $606 |
| 2019 | $21,500 | $9,800 | $31,300 | $512 |
| 2018 | $18,500 | $8,400 | $26,900 | $496 |
| 2017 | $17,600 | $8,400 | $26,000 | $510 |
| 2016 | $18,500 | $9,900 | $28,400 | $694 |
| 2015 | $29,600 | $9,900 | $39,500 | $452 |
| 2014 | $17,760 | $5,940 | $23,700 | $456 |
| 2013 | $17,760 | $5,940 | $23,700 | $506 |
| 2012 | $17,865 | $5,935 | $23,800 | $514 |
| 2011 | $17,925 | $6,775 | $24,700 | $528 |
| 2009 | $33,500 | $11,300 | $44,800 | $606 |
| 2008 | $38,800 | $11,300 | $50,100 | $786 |
| 2007 | $48,700 | $12,200 | $60,900 | $648 |
Property facts
Year built
1893
Property type
single_family
Stories
2
Beds
4
Baths
3
Living area
1,599 sqft
Lot size
9,845 sqft
ZIP code
56007
City
Albert Lea
Street
3rd St
Coordinates
43.64205, -93.36178
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
$899
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 407 3rd St last sell?
407 3rd St most recently sold on Apr 30, 2021 for $149,900.
What is the current tax assessment for 407 3rd St?
The most recent total assessment for 407 3rd St (year 2021) is $64,700 with $1,202 in property tax.
How does 407 3rd St's assessment compare to its last sale price?
The current assessment is 56.8% below the last sale price of $149,900.
When was 407 3rd St built?
407 3rd St was built in 1893.
How does 407 3rd St compare to others on 3rd St?
We track 8 other properties on 3rd St. Browse the list under "Other properties on 3rd St" to compare beds, baths, and sale history.
What are the property facts for 407 3rd St?
407 3rd St is a 4 bed, 3 bath, 1,599 sqft, 9,845 sqft lot single_family.
Is 407 3rd St a flip candidate?
No — 407 3rd St does not appear in our flips dataset.
Is 407 3rd St a tax-appeal candidate?
No — 407 3rd St is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+7.8%
Implied 1-yr
+31.4%
2026 Q3
$264K
2026 Q4
$277.7K
ZIP 56007 — Median Price History + Forecast
Explore nearby
Geography
Other properties on 3rd St