1502 Lakewood Ave
Albert Lea, MN 56007
3 bd 3 ba 1,480 sqft Built 1900 Lot 9,583 sqft single_family
Most recent sale
$110,000
Nov 23, 2021
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Aug 4, 2024 | Listed for rent | $1,650 | Avail |
| Jun 27, 2023 | Listed for rent | $1,600 | Avail |
| Oct 2, 2022 | Listed for rent | $1,600 | Avail |
| Nov 23, 2021 | Sold | $110,000 | MLS #6021142 |
| Sep 13, 2021 | Price changed | $135,000 | MLS #6021142 |
| Aug 5, 2021 | Price changed | $142,500 | MLS #6021142 |
| Jul 7, 2021 | Listed | $148,500 | MLS #6021142 |
| Jan 30, 2004 | Sold | $79,900 | MLS #2802245 |
| Dec 2, 2003 | Listed | $79,900 | MLS #2802245 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $95,600 | $20,600 | $116,200 | $1,854 |
| 2023 | $88,300 | $21,600 | $109,900 | $1,706 |
| 2020 | — | — | $40,900 | $840 |
| 2019 | — | — | $35,800 | $724 |
| 2018 | $23,760 | $11,040 | $34,800 | $896 |
| 2017 | $22,726 | $10,074 | $32,800 | $828 |
| 2016 | $27,031 | $10,069 | $37,100 | $916 |
| 2015 | $25,831 | $10,069 | $35,900 | $884 |
| 2014 | $30,015 | $10,085 | $40,100 | $976 |
| 2013 | $30,210 | $10,090 | $40,300 | $1,074 |
| 2012 | $28,860 | $9,540 | $38,400 | $1,030 |
| 2011 | $53,400 | $15,900 | $69,300 | $1,126 |
| 2009 | $59,300 | — | $75,200 | $1,192 |
| 2007 | $59,300 | $15,900 | $75,200 | $742 |
Property facts
Year built
1900
Property type
single_family
Stories
2
Beds
3
Baths
3
Living area
1,480 sqft
Lot size
9,583 sqft
ZIP code
56007
City
Albert Lea
Street
Lakewood Ave
Coordinates
43.66213, -93.36847
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$660
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 1502 Lakewood Ave last sell?
1502 Lakewood Ave most recently sold on Nov 23, 2021 for $110,000.
What is the current tax assessment for 1502 Lakewood Ave?
The most recent total assessment for 1502 Lakewood Ave (year 2025) is $116,200 with $1,854 in property tax.
How does 1502 Lakewood Ave's assessment compare to its last sale price?
The current assessment is 5.6% above the last sale price of $110,000.
When was 1502 Lakewood Ave built?
1502 Lakewood Ave was built in 1900.
How does 1502 Lakewood Ave compare to others on Lakewood Ave?
We track 8 other properties on Lakewood Ave. Browse the list under "Other properties on Lakewood Ave" to compare beds, baths, and sale history.
What are the property facts for 1502 Lakewood Ave?
1502 Lakewood Ave is a 3 bed, 3 bath, 1,480 sqft, 9,583 sqft lot single_family.
Is 1502 Lakewood Ave a flip candidate?
No — 1502 Lakewood Ave does not appear in our flips dataset.
Is 1502 Lakewood Ave a tax-appeal candidate?
No — 1502 Lakewood Ave 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 Lakewood Ave