616 Oak Ln
Albert Lea, MN 56007
2 bd 1 ba 1,674 sqft Built 1917 Lot 4,966 sqft single_family
Most recent sale
$50,000
Mar 7, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Mar 7, 2022 | Sold | $50,000 | MLS #6148916 |
| Feb 10, 2022 | Price changed | $57,500 | MLS #6148916 |
| Feb 3, 2022 | Listed | $60,000 | MLS #6148916 |
| Nov 19, 2021 | Sold | $36,000 | Public Record |
| Nov 27, 2013 | Sold | $13,900 | MLS #4047046 |
| Oct 31, 2013 | Price changed | $19,000 | MLS #4047046 |
| Oct 9, 2013 | Listing removed | $25,900 | Arrowhead |
| Sep 17, 2013 | Price changed | $25,900 | MLS #4047046 |
| Sep 16, 2013 | Price changed | $17,000 | MLS #4047046 |
| Jul 16, 2013 | Listed | $25,900 | MLS #1154793 |
| Aug 27, 2007 | Sold | $66,900 | Public Record |
| Aug 31, 2006 | Sold | $66,900 | MLS #2921813 |
| Jul 24, 2006 | Listed | $66,900 | MLS #2921813 |
| Aug 23, 2005 | Sold | $22,000 | MLS #2908004 |
| May 15, 2005 | Listed | $26,500 | MLS #2908004 |
| Jan 9, 2003 | Sold | $39,900 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $51,300 | $9,900 | $61,200 | $1,008 |
| 2023 | $51,200 | $9,900 | $61,100 | $976 |
| 2022 | — | — | $29,000 | $608 |
| 2021 | — | — | $28,000 | $594 |
| 2020 | — | — | $28,000 | $518 |
| 2019 | — | — | $24,100 | $420 |
| 2018 | — | — | $19,900 | $422 |
| 2017 | $15,736 | $4,264 | $20,000 | $356 |
| 2016 | $13,260 | $4,440 | $17,700 | $580 |
| 2015 | $25,300 | $7,400 | $32,700 | $588 |
| 2014 | $27,000 | $7,400 | $34,400 | $420 |
| 2013 | $17,252 | $4,448 | $21,700 | $506 |
| 2012 | $19,364 | $4,436 | $23,800 | $550 |
| 2011 | $22,234 | $4,266 | $26,500 | $562 |
| 2009 | $37,000 | $7,100 | $44,100 | $536 |
| 2008 | $37,000 | $7,100 | $44,100 | $670 |
| 2007 | $35,200 | $6,700 | $41,900 | $630 |
Property facts
Year built
1917
Property type
single_family
Stories
1
Beds
2
Baths
1
Living area
1,674 sqft
Lot size
4,966 sqft
ZIP code
56007
City
Albert Lea
Street
Oak Ln
Coordinates
43.64928, -93.37597
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
$300
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 616 Oak Ln last sell?
616 Oak Ln most recently sold on Mar 7, 2022 for $50,000.
What is the current tax assessment for 616 Oak Ln?
The most recent total assessment for 616 Oak Ln (year 2025) is $61,200 with $1,008 in property tax.
How does 616 Oak Ln's assessment compare to its last sale price?
The current assessment is 22.4% above the last sale price of $50,000.
When was 616 Oak Ln built?
616 Oak Ln was built in 1917.
How does 616 Oak Ln compare to others on Oak Ln?
We track 5 other properties on Oak Ln. Browse the list under "Other properties on Oak Ln" to compare beds, baths, and sale history.
What are the property facts for 616 Oak Ln?
616 Oak Ln is a 2 bed, 1 bath, 1,674 sqft, 4,966 sqft lot single_family.
Is 616 Oak Ln a flip candidate?
Yes — 616 Oak Ln appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 616 Oak Ln a tax-appeal candidate?
No — 616 Oak Ln 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
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Geography
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