524 Railroad Ave
Albert Lea, MN 56007
2 bd 1 ba 875 sqft Built 1944 Lot 9,757 sqft single_family
Most recent sale
$120,000
Dec 2, 2021
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jun 18, 2024 | Sold | $140,000 | NorthstarMLS |
| Apr 11, 2024 | Listed | $132,500 | NorthstarMLS |
| Dec 2, 2021 | Sold | $120,000 | MLS #6091243 |
| Sep 23, 2021 | Relisted | $124,900 | MLS #6091243 |
| Sep 13, 2021 | Listing removed | $124,900 | NorthstarMLS |
| Aug 30, 2021 | Listed | $124,900 | MLS #6091243 |
| Nov 25, 2020 | Sold | $23,000 | MLS #5673339 |
| Oct 26, 2020 | Price changed | $34,900 | MLS #5673339 |
| Oct 14, 2020 | Listed | $39,000 | MLS #5673339 |
| Sep 25, 2008 | Sold | $19,000 | MLS #4002030 |
| Mar 25, 2008 | Listed | $29,900 | MLS #4002030 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | — | — | $44,000 | $806 |
| 2023 | — | — | $43,600 | $774 |
| 2022 | — | — | $15,500 | $350 |
| 2021 | — | — | $14,600 | $334 |
| 2020 | $15,000 | $10,500 | $25,500 | $602 |
| 2019 | — | — | $14,900 | $324 |
| 2018 | $7,882 | $6,318 | $14,200 | $308 |
| 2017 | $8,460 | $2,940 | $11,400 | $240 |
| 2016 | $9,751 | $2,949 | $12,700 | $264 |
| 2015 | $9,751 | $2,949 | $12,700 | $256 |
| 2014 | $10,860 | $2,940 | $13,800 | $278 |
| 2013 | $11,160 | $2,940 | $14,100 | $312 |
| 2012 | $10,830 | $3,470 | $14,300 | $310 |
| 2011 | $19,100 | $5,800 | $24,900 | $318 |
| 2009 | $19,800 | — | $25,600 | $322 |
| 2007 | $20,200 | $5,800 | $26,000 | $304 |
Property facts
Year built
1944
Property type
single_family
Stories
1
Beds
2
Baths
1
Living area
875 sqft
Lot size
9,757 sqft
ZIP code
56007
City
Albert Lea
Street
Railroad Ave
Coordinates
43.63115, -93.36073
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,313
Gross rental yield
13.13%
Implied cap rate
8.53%
Trend-extrapolated value
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Frequently asked questions
When did 524 Railroad Ave last sell?
524 Railroad Ave most recently sold on Dec 2, 2021 for $120,000.
What is the current tax assessment for 524 Railroad Ave?
The most recent total assessment for 524 Railroad Ave (year 2025) is $44,000 with $806 in property tax.
How does 524 Railroad Ave's assessment compare to its last sale price?
The current assessment is 63.3% below the last sale price of $120,000.
When was 524 Railroad Ave built?
524 Railroad Ave was built in 1944.
How does 524 Railroad Ave compare to others on Railroad Ave?
We track 4 other properties on Railroad Ave. Browse the list under "Other properties on Railroad Ave" to compare beds, baths, and sale history.
What are the property facts for 524 Railroad Ave?
524 Railroad Ave is a 2 bed, 1 bath, 875 sqft, 9,757 sqft lot single_family.
Is 524 Railroad Ave a flip candidate?
Yes — 524 Railroad Ave appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 524 Railroad Ave a tax-appeal candidate?
No — 524 Railroad 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 Railroad Ave