509 Main St
Albert Lea, MN 56007
3 bd 2 ba 1,628 sqft Built 1885 Lot 7,449 sqft single_family
Most recent sale
$30,000
Sep 28, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Sep 28, 2022 | Sold | $30,000 | MLS #6232870 |
| Jul 11, 2022 | Listed | $65,000 | MLS #6232870 |
| Oct 19, 2000 | Sold | $33,500 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $88,900 | $6,700 | $95,600 | $1,922 |
| 2023 | $58,300 | $6,700 | $65,000 | $1,308 |
| 2022 | $39,400 | $6,700 | $46,100 | $1,094 |
| 2021 | $35,500 | $6,700 | $42,200 | $1,020 |
| 2020 | $35,500 | $6,700 | $42,200 | $1,016 |
| 2019 | $35,500 | $6,700 | $42,200 | $570 |
| 2018 | $17,000 | $6,100 | $23,100 | $522 |
| 2017 | $15,000 | $6,100 | $21,100 | $528 |
| 2016 | $15,000 | $7,700 | $22,700 | $706 |
| 2015 | $23,800 | $7,700 | $31,500 | $682 |
| 2014 | $23,800 | $7,700 | $31,500 | $682 |
| 2013 | $23,800 | $7,700 | $31,500 | $756 |
| 2012 | $24,200 | $7,700 | $31,900 | $622 |
| 2011 | $24,200 | $9,100 | $33,300 | $566 |
| 2009 | $25,600 | $9,100 | $34,700 | $598 |
| 2008 | $27,600 | — | $36,700 | $558 |
| 2007 | $27,600 | $9,100 | $36,700 | $496 |
Property facts
Year built
1885
Property type
single_family
Stories
2
Beds
3
Baths
2
Living area
1,628 sqft
Lot size
7,449 sqft
ZIP code
56007
City
Albert Lea
Street
Main St
Coordinates
43.64751, -93.37423
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
$180
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 509 Main St last sell?
509 Main St most recently sold on Sep 28, 2022 for $30,000.
What is the current tax assessment for 509 Main St?
The most recent total assessment for 509 Main St (year 2025) is $95,600 with $1,922 in property tax.
How does 509 Main St's assessment compare to its last sale price?
The current assessment is 218.7% above the last sale price of $30,000.
When was 509 Main St built?
509 Main St was built in 1885.
How does 509 Main St compare to others on Main St?
We track 8 other properties on Main St. Browse the list under "Other properties on Main St" to compare beds, baths, and sale history.
What are the property facts for 509 Main St?
509 Main St is a 3 bed, 2 bath, 1,628 sqft, 7,449 sqft lot single_family.
Is 509 Main St a flip candidate?
No — 509 Main St does not appear in our flips dataset.
Is 509 Main St a tax-appeal candidate?
Yes — 509 Main St 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 Main St