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622 7th St

Albert Lea, MN 56007

3 bd 3 ba 1,854 sqft Built 1949 Lot 7,492 sqft single_family
Most recent sale
$152,000
Dec 28, 2023

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Dec 28, 2023 Sold $152,000 NorthstarMLS
Nov 3, 2023 Listed $149,900 NorthstarMLS
Nov 17, 2017 Listing removed $104,000 NorthstarMLS
Jul 30, 2010 Sold $39,000 Mankato
May 4, 2010 Price changed $42,000 Mankato
Mar 28, 2010 Listed $45,000 Mankato
Feb 1, 2006 Listing removed $95,900 Southeastminnesota
Jan 12, 2006 Listed $95,900 Southeastminnesota
Aug 19, 2005 Listed $104,000 NorthstarMLS
Mar 5, 2004 Sold $91,500 Southeastminnesota
Jan 5, 2004 Listed $87,900 Southeastminnesota

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $131,700 $13,000 $144,700 $2,292
2023 $78,900 $13,000 $91,900 $1,436
2022 $67,600 $13,000 $80,600 $1,470
2021 $68,300 $9,100 $77,400 $1,428
2020 $63,700 $9,100 $72,800 $1,392
2019 $55,100 $7,800 $62,900 $1,200
2018 $53,000 $7,800 $60,800 $1,176
2017 $57,100 $7,500 $64,600 $1,178
2016 $57,100 $7,500 $64,600 $1,180
2015 $57,100 $7,500 $64,600 $1,144
2014 $58,100 $7,500 $65,600 $1,166
2013 $58,100 $7,500 $65,600 $1,284
2012 $58,200 $9,000 $67,200 $1,298
2011 $64,400 $9,000 $73,400 $1,188
2009 $76,700 $85,700 $1,442
2007 $66,700 $9,800 $76,500 $872

Property facts

Year built
1949
Property type
single_family
Stories
1
Beds
3
Baths
3
Living area
1,854 sqft
Lot size
7,492 sqft
ZIP code
56007
City
Albert Lea
Street
7th St
Coordinates
43.63665, -93.35915

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$912
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value

Frequently asked questions

When did 622 7th St last sell?
622 7th St most recently sold on Dec 28, 2023 for $152,000.
What is the current tax assessment for 622 7th St?
The most recent total assessment for 622 7th St (year 2025) is $144,700 with $2,292 in property tax.
How does 622 7th St's assessment compare to its last sale price?
The current assessment is 4.8% below the last sale price of $152,000.
When was 622 7th St built?
622 7th St was built in 1949.
How does 622 7th St compare to others on 7th St?
We track 8 other properties on 7th St. Browse the list under "Other properties on 7th St" to compare beds, baths, and sale history.
What are the property facts for 622 7th St?
622 7th St is a 3 bed, 3 bath, 1,854 sqft, 7,492 sqft lot single_family.
Is 622 7th St a flip candidate?
No — 622 7th St does not appear in our flips dataset.
Is 622 7th St a tax-appeal candidate?
No — 622 7th St is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+3.0%
Implied 1-yr
+11.9%
2026 Q3
$243.6K
2026 Q4
$249.7K
ZIP 56007 — Median Price History + Forecast

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