408 Ridge Rd
Albert Lea, MN 56007
4 bd 4 ba 3,592 sqft Built 1968 Lot 11,761 sqft single_family
Most recent sale
$365,000
Jul 8, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jul 8, 2022 | Sold | $365,000 | MLS #6188308 |
| May 3, 2022 | Listed | $359,900 | MLS #6188308 |
| Mar 11, 2019 | Listing removed | $245,900 | NorthstarMLS |
| Dec 10, 2018 | Listing removed | $245,900 | GreaterLakes |
| Dec 1, 2016 | Sold | $220,000 | MLS #4072921 |
| Oct 10, 2016 | Price changed | $225,000 | MLS #4072921 |
| Jul 18, 2016 | Price changed | $237,500 | MLS #4072921 |
| Jul 13, 2016 | Listed | $245,900 | MLS #4072921 |
| Jun 30, 2016 | Listing removed | $245,900 | Southeastminnesota |
| Jun 1, 2016 | Price changed | $245,900 | MLS #4065167 |
| Mar 2, 2016 | Price changed | $269,900 | MLS #4065167 |
| Jan 1, 2016 | Sold | $220,000 | Public Record |
| Dec 14, 2015 | Price changed | $279,900 | MLS #4065167 |
| Aug 10, 2015 | Listed | $294,900 | MLS #4065167 |
| Aug 8, 2015 | Listed | $245,900 | MLS #5090486 |
| Mar 28, 2008 | Sold | $246,000 | MLS #2926333 |
| Jan 16, 2007 | Listed | $259,900 | MLS #2926333 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2020 | — | — | $266,200 | $4,790 |
| 2019 | — | — | $253,100 | $4,524 |
| 2018 | $198,185 | $25,415 | $223,600 | $4,064 |
| 2017 | $235,488 | $19,212 | $254,700 | $4,344 |
| 2016 | $209,170 | $18,930 | $228,100 | $4,346 |
| 2015 | $200,283 | $18,817 | $219,100 | $4,086 |
| 2014 | $191,892 | $18,708 | $210,600 | $4,002 |
| 2013 | $193,466 | $18,734 | $212,200 | $3,906 |
| 2012 | $179,635 | $18,165 | $197,800 | $3,598 |
| 2011 | $230,300 | $19,800 | $250,100 | $3,322 |
| 2009 | $230,300 | — | $250,100 | $3,768 |
| 2007 | $219,300 | $18,900 | $238,200 | $3,086 |
Property facts
Year built
1968
Property type
single_family
Stories
2
Beds
4
Baths
4
Living area
3,592 sqft
Lot size
11,761 sqft
ZIP code
56007
City
Albert Lea
Street
Ridge Rd
Coordinates
43.66509, -93.37733
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
$2,190
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 408 Ridge Rd last sell?
408 Ridge Rd most recently sold on Jul 8, 2022 for $365,000.
What is the current tax assessment for 408 Ridge Rd?
The most recent total assessment for 408 Ridge Rd (year 2020) is $266,200 with $4,790 in property tax.
How does 408 Ridge Rd's assessment compare to its last sale price?
The current assessment is 27.1% below the last sale price of $365,000.
When was 408 Ridge Rd built?
408 Ridge Rd was built in 1968.
How does 408 Ridge Rd compare to others on Ridge Rd?
We track 8 other properties on Ridge Rd. Browse the list under "Other properties on Ridge Rd" to compare beds, baths, and sale history.
What are the property facts for 408 Ridge Rd?
408 Ridge Rd is a 4 bed, 4 bath, 3,592 sqft, 11,761 sqft lot single_family.
Is 408 Ridge Rd a flip candidate?
No — 408 Ridge Rd does not appear in our flips dataset.
Is 408 Ridge Rd a tax-appeal candidate?
No — 408 Ridge Rd 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 Ridge Rd