121 Lake Ave
Albert Lea, MN 56007
5 bd 2 ba 3,358 sqft Built 1908 Lot 5,358 sqft multi_family
Most recent sale
$100,000
Dec 22, 2021
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Dec 22, 2021 | Sold | $100,000 | MLS #6125141 |
| Nov 8, 2021 | Listed | $109,000 | MLS #6125141 |
| May 1, 2012 | Sold | $28,000 | MLS #4027829 |
| Jun 13, 2011 | Listing removed | $49,900 | NorthstarMLS |
| Jun 8, 2011 | Sold | $28,000 | MLS #4027825 |
| Mar 30, 2011 | Listed | $28,000 | MLS #4027825 |
| Mar 29, 2011 | Listed | $28,000 | MLS #4027829 |
| Dec 15, 2010 | Listing removed | $49,900 | Southeastminnesota |
| Nov 3, 2010 | Relisted | $49,900 | MLS #4011877 |
| Oct 5, 2010 | Listing removed | $49,900 | Southeastminnesota |
| Aug 24, 2010 | Price changed | $49,900 | MLS #4011877 |
| Jun 10, 2010 | Price changed | $54,900 | MLS #4011877 |
| Dec 7, 2009 | Relisted | $84,900 | MLS #4011877 |
| Nov 8, 2009 | Listing removed | $84,900 | Southeastminnesota |
| May 14, 2009 | Listed | $84,900 | MLS #4011877 |
| May 6, 2009 | Listed | $49,900 | MLS #3681757 |
| Dec 27, 2001 | Sold | $40,600 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2023 | $112,000 | $5,900 | $117,900 | $2,268 |
| 2022 | $77,100 | $5,900 | $83,000 | $2,708 |
| 2021 | $69,500 | $5,900 | $75,400 | $2,586 |
| 2020 | $73,300 | $5,900 | $79,200 | $2,686 |
| 2019 | $34,900 | $5,400 | $40,300 | $1,840 |
| 2018 | $30,800 | $5,400 | $36,200 | $1,838 |
| 2017 | $30,800 | $5,200 | $36,000 | $800 |
| 2016 | $38,400 | $5,200 | $43,600 | $954 |
| 2015 | $38,400 | $5,200 | $43,600 | $920 |
| 2014 | $38,400 | $5,200 | $43,600 | $920 |
| 2013 | $39,200 | $5,200 | $44,400 | $1,028 |
| 2012 | $46,700 | $7,400 | $54,100 | $1,224 |
| 2011 | $44,100 | $7,100 | $51,200 | $1,012 |
| 2009 | $45,700 | — | $52,800 | $992 |
| 2007 | $38,500 | $7,100 | $45,600 | $834 |
Property facts
Year built
1908
Property type
multi_family
Stories
—
Beds
5
Baths
2
Living area
3,358 sqft
Lot size
5,358 sqft
ZIP code
56007
City
Albert Lea
Street
Lake Ave
Coordinates
43.64913, -93.36456
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
$600
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 121 Lake Ave last sell?
121 Lake Ave most recently sold on Dec 22, 2021 for $100,000.
What is the current tax assessment for 121 Lake Ave?
The most recent total assessment for 121 Lake Ave (year 2023) is $117,900 with $2,268 in property tax.
How does 121 Lake Ave's assessment compare to its last sale price?
The current assessment is 17.9% above the last sale price of $100,000.
When was 121 Lake Ave built?
121 Lake Ave was built in 1908.
How does 121 Lake Ave compare to others on Lake Ave?
We track 2 other properties on Lake Ave. Browse the list under "Other properties on Lake Ave" to compare beds, baths, and sale history.
What are the property facts for 121 Lake Ave?
121 Lake Ave is a 5 bed, 2 bath, 3,358 sqft, 5,358 sqft lot multi_family.
Is 121 Lake Ave a flip candidate?
No — 121 Lake Ave does not appear in our flips dataset.
Is 121 Lake Ave a tax-appeal candidate?
Yes — 121 Lake 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 Lake Ave