1604 Richway Dr
Albert Lea, MN 56007
3 bd 2 ba 2,612 sqft Built 1915 Lot 208,652 sqft single_family
Most recent sale
$130,000
Jan 31, 2024
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jan 31, 2024 | Sold | $130,000 | NorthstarMLS |
| Dec 22, 2023 | Price changed | $144,900 | NorthstarMLS |
| Dec 20, 2023 | Price changed | $164,900 | NorthstarMLS |
| Dec 12, 2023 | Listed | $169,900 | NorthstarMLS |
| Oct 17, 1997 | Sold | $95,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2023 | $97,100 | $58,400 | $155,500 | $1,780 |
| 2022 | $88,200 | $50,600 | $138,800 | $1,876 |
| 2021 | $70,200 | $48,700 | $118,900 | $1,640 |
| 2020 | — | — | $78,700 | $1,170 |
| 2019 | — | — | $78,700 | $1,134 |
| 2018 | $42,892 | $21,308 | $64,200 | $946 |
| 2017 | $46,680 | $23,020 | $69,700 | $944 |
| 2016 | $53,397 | $22,603 | $76,000 | $1,008 |
| 2015 | $65,814 | $23,786 | $89,600 | $1,122 |
| 2014 | $66,264 | $23,836 | $90,100 | $1,154 |
| 2013 | $106,454 | $30,146 | $136,600 | $2,032 |
| 2012 | $106,454 | $30,146 | $136,600 | $2,068 |
| 2011 | $124,300 | $34,200 | $158,500 | $1,910 |
| 2009 | $124,300 | — | $158,500 | $1,892 |
| 2007 | $124,300 | $30,800 | $155,100 | $1,358 |
Property facts
Year built
1915
Property type
single_family
Stories
2
Beds
3
Baths
2
Living area
2,612 sqft
Lot size
208,652 sqft
ZIP code
56007
City
Albert Lea
Street
Richway Dr
Coordinates
43.67231, -93.38642
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$780
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 1604 Richway Dr last sell?
1604 Richway Dr most recently sold on Jan 31, 2024 for $130,000.
What is the current tax assessment for 1604 Richway Dr?
The most recent total assessment for 1604 Richway Dr (year 2023) is $155,500 with $1,780 in property tax.
How does 1604 Richway Dr's assessment compare to its last sale price?
The current assessment is 19.6% above the last sale price of $130,000.
When was 1604 Richway Dr built?
1604 Richway Dr was built in 1915.
How does 1604 Richway Dr compare to others on Richway Dr?
We track 8 other properties on Richway Dr. Browse the list under "Other properties on Richway Dr" to compare beds, baths, and sale history.
What are the property facts for 1604 Richway Dr?
1604 Richway Dr is a 3 bed, 2 bath, 2,612 sqft, 208,652 sqft lot single_family.
Is 1604 Richway Dr a flip candidate?
No — 1604 Richway Dr does not appear in our flips dataset.
Is 1604 Richway Dr a tax-appeal candidate?
Yes — 1604 Richway Dr 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 Richway Dr