703 Freeborn Ave
Albert Lea, MN 56007
3 bd 2 ba 1,284 sqft Built 1914 Lot 5,968 sqft single_family
Most recent sale
$47,500
Jan 18, 2024
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jan 18, 2024 | Sold | $47,500 | NorthstarMLS |
| Oct 10, 2023 | Listed | $54,900 | NorthstarMLS |
| Apr 25, 2005 | Sold | $54,400 | Southeastminnesota |
| Sep 15, 2003 | Listed | $53,900 | Southeastminnesota |
| Mar 1, 2000 | Sold | $65,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $48,300 | $8,200 | $56,500 | $1,928 |
| 2022 | — | — | $32,300 | $672 |
| 2021 | — | — | $38,300 | $792 |
| 2020 | — | — | $38,400 | $792 |
| 2019 | — | — | $34,500 | $700 |
| 2018 | $28,525 | $4,375 | $32,900 | $862 |
| 2017 | $28,620 | $4,380 | $33,000 | $636 |
| 2016 | $28,715 | $4,385 | $33,100 | $636 |
| 2015 | $28,697 | $4,503 | $33,200 | $620 |
| 2014 | $30,395 | $4,505 | $34,900 | $656 |
| 2013 | $30,695 | $4,505 | $35,200 | $734 |
| 2012 | $32,597 | $5,403 | $38,000 | $776 |
| 2011 | $58,100 | $8,800 | $66,900 | $806 |
| 2009 | $59,900 | — | $68,700 | $820 |
| 2007 | $61,500 | $8,400 | $69,900 | $684 |
Property facts
Year built
1914
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
1,284 sqft
Lot size
5,968 sqft
ZIP code
56007
City
Albert Lea
Street
Freeborn Ave
Coordinates
43.65543, -93.35681
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
$285
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 703 Freeborn Ave last sell?
703 Freeborn Ave most recently sold on Jan 18, 2024 for $47,500.
What is the current tax assessment for 703 Freeborn Ave?
The most recent total assessment for 703 Freeborn Ave (year 2025) is $56,500 with $1,928 in property tax.
How does 703 Freeborn Ave's assessment compare to its last sale price?
The current assessment is 18.9% above the last sale price of $47,500.
When was 703 Freeborn Ave built?
703 Freeborn Ave was built in 1914.
How does 703 Freeborn Ave compare to others on Freeborn Ave?
We track 8 other properties on Freeborn Ave. Browse the list under "Other properties on Freeborn Ave" to compare beds, baths, and sale history.
What are the property facts for 703 Freeborn Ave?
703 Freeborn Ave is a 3 bed, 2 bath, 1,284 sqft, 5,968 sqft lot single_family.
Is 703 Freeborn Ave a flip candidate?
No — 703 Freeborn Ave does not appear in our flips dataset.
Is 703 Freeborn Ave a tax-appeal candidate?
Yes — 703 Freeborn Ave appears in our tax-appeal candidates list, meaning its current assessment exceeds its recent sale price by 15% or more.
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 Freeborn Ave