423 College St
Albert Lea, MN 56007
2 bd 1 ba 972 sqft Built 1940 Lot 3,572 sqft single_family
Most recent sale
$45,000
May 19, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Sep 9, 2024 | Sold | $77,500 | NorthstarMLS |
| Aug 9, 2024 | Listed | $80,000 | NorthstarMLS |
| May 19, 2022 | Sold | $45,000 | MLS #6181923 |
| Apr 20, 2022 | Listed | $56,000 | MLS #6181923 |
| Nov 20, 2006 | Sold | $47,960 | Public Record |
| Jun 11, 2003 | Sold | $33,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $49,600 | $4,100 | $53,700 | $894 |
| 2023 | $34,000 | $4,100 | $38,100 | $714 |
| 2022 | $36,500 | $4,100 | $40,600 | $1,068 |
| 2021 | $33,600 | $4,100 | $37,700 | $1,034 |
| 2020 | $33,600 | $4,100 | $37,700 | $1,042 |
| 2019 | $33,500 | $3,800 | $37,300 | $1,028 |
| 2018 | $30,100 | $3,800 | $33,900 | $984 |
| 2017 | $30,700 | $3,600 | $34,300 | $966 |
| 2016 | $25,000 | $3,600 | $28,600 | $902 |
| 2015 | $25,400 | $3,600 | $29,000 | $500 |
| 2014 | $25,400 | $3,600 | $29,000 | $502 |
| 2013 | $19,542 | $2,158 | $21,700 | $464 |
| 2012 | $20,075 | $3,125 | $23,200 | $484 |
| 2011 | $35,000 | $5,200 | $40,200 | $496 |
| 2009 | $36,300 | — | $41,500 | $506 |
| 2007 | $36,300 | $5,200 | $41,500 | $398 |
Property facts
Year built
1940
Property type
single_family
Stories
1
Beds
2
Baths
1
Living area
972 sqft
Lot size
3,572 sqft
ZIP code
56007
City
Albert Lea
Street
College St
Coordinates
43.64664, -93.37323
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
$270
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 423 College St last sell?
423 College St most recently sold on May 19, 2022 for $45,000.
What is the current tax assessment for 423 College St?
The most recent total assessment for 423 College St (year 2025) is $53,700 with $894 in property tax.
How does 423 College St's assessment compare to its last sale price?
The current assessment is 19.3% above the last sale price of $45,000.
When was 423 College St built?
423 College St was built in 1940.
How does 423 College St compare to others on College St?
We track 8 other properties on College St. Browse the list under "Other properties on College St" to compare beds, baths, and sale history.
What are the property facts for 423 College St?
423 College St is a 2 bed, 1 bath, 972 sqft, 3,572 sqft lot single_family.
Is 423 College St a flip candidate?
No — 423 College St does not appear in our flips dataset.
Is 423 College St a tax-appeal candidate?
No — 423 College 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
+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 College St