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607 Park Ave

Albert Lea, MN 56007

3 bd 2 ba 2,536 sqft Built 1916 Lot 5,401 sqft single_family
Most recent sale
$259,000
May 27, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
May 27, 2022 Sold $259,000 MLS #6163187
Apr 25, 2022 Price changed $264,900 MLS #6163187
Apr 8, 2022 Price changed $269,900 MLS #6163187
Mar 12, 2022 Listed $274,900 MLS #6163187
Dec 20, 2019 Sold $229,000 MLS #5322177
Mar 11, 2019 Listing removed $149,900 NorthstarMLS
Dec 10, 2018 Listing removed $149,900 GreaterLakes
Jun 28, 2018 Sold $159,900 MLS #5119575
May 8, 2018 Listed $159,900 MLS #4086778
Apr 7, 2018 Listed $159,900 MLS #5119575
Jan 1, 2018 Sold $153,000 Public Record
May 16, 2016 Listing removed $149,900 Southeastminnesota
May 9, 2016 Listed $149,900 MLS #4071146
May 7, 2016 Listed $149,900 MLS #5101112
Jul 26, 2012 Listing removed $137,900 Mankato
Apr 21, 2008 Sold $124,500 MLS #2930777
Jan 24, 2008 Listed $133,900 MLS #2930777
May 31, 2007 Listed $137,900 MLS #4362191

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $200,200 $3,200
2023 $189,000 $2,924
2022 $153,900 $2,808
2021 $144,000 $2,662
2020 $144,000 $2,086
2019 $100,700 $14,200 $114,900 $2,546
2018 $82,300 $2,506
2017 $67,638 $9,862 $77,500 $2,410
2016 $65,984 $5,816 $71,800 $1,052
2015 $51,469 $5,331 $56,800 $956
2014 $47,622 $5,178 $52,800 $900
2013 $43,790 $5,010 $48,800 $1,140
2012 $51,372 $5,328 $56,700 $1,510
2011 $70,996 $8,004 $79,000 $1,422
2009 $106,300 $11,200 $117,500 $1,640
2008 $109,500 $120,700 $1,530
2007 $91,500 $11,200 $102,700 $1,132

Property facts

Year built
1916
Property type
single_family
Stories
2
Beds
3
Baths
2
Living area
2,536 sqft
Lot size
5,401 sqft
ZIP code
56007
City
Albert Lea
Street
Park Ave
Coordinates
43.65542, -93.37330

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$1,554
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value

Frequently asked questions

When did 607 Park Ave last sell?
607 Park Ave most recently sold on May 27, 2022 for $259,000.
What is the current tax assessment for 607 Park Ave?
The most recent total assessment for 607 Park Ave (year 2025) is $200,200 with $3,200 in property tax.
How does 607 Park Ave's assessment compare to its last sale price?
The current assessment is 22.7% below the last sale price of $259,000.
When was 607 Park Ave built?
607 Park Ave was built in 1916.
How does 607 Park Ave compare to others on Park Ave?
We track 8 other properties on Park Ave. Browse the list under "Other properties on Park Ave" to compare beds, baths, and sale history.
What are the property facts for 607 Park Ave?
607 Park Ave is a 3 bed, 2 bath, 2,536 sqft, 5,401 sqft lot single_family.
Is 607 Park Ave a flip candidate?
Yes — 607 Park Ave appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 607 Park Ave a tax-appeal candidate?
No — 607 Park Ave is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly 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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