1609 Gateway Dr
Albert Lea, MN 56007
4 bd 2 ba 2,056 sqft Built 1973 Lot 9,148 sqft single_family
Most recent sale
$257,825
May 25, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 25, 2022 | Sold | $257,825 | MLS #6180454 |
| Apr 18, 2022 | Listed | $274,900 | MLS #6180454 |
| Sep 28, 2018 | Sold | $164,900 | MLS #5111759 |
| Jun 29, 2018 | Price changed | $164,900 | MLS #4088250 |
| Jun 12, 2018 | Price changed | $169,900 | MLS #4088250 |
| May 29, 2018 | Listed | $179,900 | MLS #4088250 |
| May 24, 2018 | Listed | $164,900 | MLS #5111759 |
| Jan 1, 2018 | Sold | $155,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | — | — | $205,100 | $3,274 |
| 2023 | — | — | $176,500 | $2,740 |
| 2022 | — | — | $120,700 | $2,230 |
| 2021 | — | — | $117,500 | $2,196 |
| 2020 | — | — | $121,600 | $2,260 |
| 2019 | — | — | $108,500 | $2,008 |
| 2018 | $91,043 | $14,757 | $105,800 | $1,984 |
| 2017 | $92,155 | $12,545 | $104,700 | $1,850 |
| 2016 | $93,806 | $12,594 | $106,400 | $1,876 |
| 2015 | $95,645 | $12,655 | $108,300 | $1,846 |
| 2014 | $91,286 | $12,514 | $103,800 | $1,784 |
| 2013 | $87,317 | $12,383 | $99,700 | $1,904 |
| 2012 | $107,881 | $11,719 | $119,600 | $2,224 |
| 2011 | $129,800 | $14,100 | $143,900 | $2,102 |
| 2009 | $129,800 | — | $143,900 | $2,022 |
| 2007 | $129,800 | $14,100 | $143,900 | $1,468 |
Property facts
Year built
1973
Property type
single_family
Stories
2
Beds
4
Baths
2
Living area
2,056 sqft
Lot size
9,148 sqft
ZIP code
56007
City
Albert Lea
Street
Gateway Dr
Coordinates
43.63437, -93.39007
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
$3,084
Gross rental yield
14.35%
Implied cap rate
9.33%
Trend-extrapolated value
—
Frequently asked questions
When did 1609 Gateway Dr last sell?
1609 Gateway Dr most recently sold on May 25, 2022 for $257,825.
What is the current tax assessment for 1609 Gateway Dr?
The most recent total assessment for 1609 Gateway Dr (year 2025) is $205,100 with $3,274 in property tax.
How does 1609 Gateway Dr's assessment compare to its last sale price?
The current assessment is 20.4% below the last sale price of $257,825.
When was 1609 Gateway Dr built?
1609 Gateway Dr was built in 1973.
How does 1609 Gateway Dr compare to others on Gateway Dr?
We track 8 other properties on Gateway Dr. Browse the list under "Other properties on Gateway Dr" to compare beds, baths, and sale history.
What are the property facts for 1609 Gateway Dr?
1609 Gateway Dr is a 4 bed, 2 bath, 2,056 sqft, 9,148 sqft lot single_family.
Is 1609 Gateway Dr a flip candidate?
No — 1609 Gateway Dr does not appear in our flips dataset.
Is 1609 Gateway Dr a tax-appeal candidate?
No — 1609 Gateway Dr 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 Gateway Dr