1506 Elm St
Albert Lea, MN 56007
5 bd 3 ba 2,584 sqft Built 1964 Lot 14,810 sqft single_family
Most recent sale
$245,000
Apr 29, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Apr 29, 2022 | Sold | $245,000 | MLS #6157762 |
| Feb 28, 2022 | Listed | $239,900 | MLS #6157762 |
| Aug 6, 2019 | Sold | $155,000 | Public Record |
| Sep 15, 2006 | Sold | $135,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | — | — | $198,300 | $3,172 |
| 2023 | — | — | $185,100 | $2,866 |
| 2022 | — | — | $116,300 | $3,750 |
| 2021 | — | — | $116,400 | $3,796 |
| 2020 | — | — | $116,400 | $3,388 |
| 2019 | — | — | $119,000 | $2,560 |
| 2018 | $122,900 | $11,100 | $134,000 | $1,716 |
| 2017 | $110,501 | $11,099 | $121,600 | $1,452 |
| 2016 | $107,100 | $11,100 | $118,200 | $1,396 |
| 2015 | $108,900 | $11,100 | $120,000 | $1,342 |
| 2014 | $110,700 | $11,100 | $121,800 | $1,388 |
| 2013 | $109,100 | $11,100 | $120,200 | $1,630 |
| 2012 | $109,100 | $11,300 | $120,400 | $1,664 |
| 2011 | $109,100 | $16,400 | $125,500 | $1,352 |
| 2009 | $136,400 | — | $157,800 | $1,800 |
| 2007 | $131,800 | $21,100 | $152,900 | $1,582 |
Property facts
Year built
1964
Property type
single_family
Stories
4
Beds
5
Baths
3
Living area
2,584 sqft
Lot size
14,810 sqft
ZIP code
56007
City
Albert Lea
Street
Elm St
Coordinates
43.67874, -93.38947
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
$1,470
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 1506 Elm St last sell?
1506 Elm St most recently sold on Apr 29, 2022 for $245,000.
What is the current tax assessment for 1506 Elm St?
The most recent total assessment for 1506 Elm St (year 2025) is $198,300 with $3,172 in property tax.
How does 1506 Elm St's assessment compare to its last sale price?
The current assessment is 19.1% below the last sale price of $245,000.
When was 1506 Elm St built?
1506 Elm St was built in 1964.
How does 1506 Elm St compare to others on Elm St?
We track 8 other properties on Elm St. Browse the list under "Other properties on Elm St" to compare beds, baths, and sale history.
What are the property facts for 1506 Elm St?
1506 Elm St is a 5 bed, 3 bath, 2,584 sqft, 14,810 sqft lot single_family.
Is 1506 Elm St a flip candidate?
No — 1506 Elm St does not appear in our flips dataset.
Is 1506 Elm St a tax-appeal candidate?
No — 1506 Elm 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 Elm St