622 Water St
Albert Lea, MN 56007
6 bd 2 ba 2,091 sqft Built 1886 Lot 7,754 sqft single_family
Most recent sale
$30,000
Jun 10, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jun 10, 2022 | Sold | $30,000 | MLS #6184718 |
| Apr 25, 2022 | Listed | $40,000 | MLS #6184718 |
| Apr 30, 2001 | Sold | $50,000 | Public Record |
| Sep 2, 2000 | Listing removed | $63,900 | Southeastminnesota |
| Mar 31, 2000 | Listed | $63,900 | MLS #1009981 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $72,700 | $14,100 | $86,800 | $1,402 |
| 2023 | — | — | $31,700 | $998 |
| 2022 | — | — | $25,700 | $778 |
| 2021 | — | — | $25,100 | $538 |
| 2020 | — | — | $25,100 | $766 |
| 2019 | — | — | $37,000 | $628 |
| 2018 | — | — | $30,700 | $630 |
| 2017 | $24,644 | $6,056 | $30,700 | $540 |
| 2016 | $20,805 | $6,895 | $27,700 | $584 |
| 2015 | $23,295 | $6,905 | $30,200 | $596 |
| 2014 | $24,900 | $6,900 | $31,800 | $630 |
| 2013 | $26,492 | $6,908 | $33,400 | $764 |
| 2012 | $29,792 | $6,908 | $36,700 | $578 |
| 2011 | $21,931 | $6,069 | $28,000 | $592 |
| 2009 | $36,500 | $10,000 | $46,500 | $564 |
| 2008 | $36,500 | $10,000 | $46,500 | $522 |
| 2007 | $36,500 | $14,100 | $50,600 | $820 |
Property facts
Year built
1886
Property type
single_family
Stories
2
Beds
6
Baths
2
Living area
2,091 sqft
Lot size
7,754 sqft
ZIP code
56007
City
Albert Lea
Street
Water St
Coordinates
43.65087, -93.37656
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
$180
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 622 Water St last sell?
622 Water St most recently sold on Jun 10, 2022 for $30,000.
What is the current tax assessment for 622 Water St?
The most recent total assessment for 622 Water St (year 2025) is $86,800 with $1,402 in property tax.
How does 622 Water St's assessment compare to its last sale price?
The current assessment is 189.3% above the last sale price of $30,000.
When was 622 Water St built?
622 Water St was built in 1886.
How does 622 Water St compare to others on Water St?
We track 8 other properties on Water St. Browse the list under "Other properties on Water St" to compare beds, baths, and sale history.
What are the property facts for 622 Water St?
622 Water St is a 6 bed, 2 bath, 2,091 sqft, 7,754 sqft lot single_family.
Is 622 Water St a flip candidate?
No — 622 Water St does not appear in our flips dataset.
Is 622 Water St a tax-appeal candidate?
Yes — 622 Water St 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 Water St