803 Water St
Albert Lea, MN 56007
3 bd 2 ba 2,047 sqft Built 1903 Lot 5,924 sqft single_family
Most recent sale
$40,000
Jan 28, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jan 28, 2022 | Sold | $40,000 | MLS #6136642 |
| Dec 24, 2021 | Listed | $43,900 | MLS #6136642 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $53,100 | $11,900 | $65,000 | $1,068 |
| 2023 | $53,000 | $11,900 | $64,900 | $1,034 |
| 2022 | $37,600 | $11,900 | $49,500 | $924 |
| 2021 | $36,000 | $11,900 | $47,900 | $904 |
| 2020 | $36,000 | $11,900 | $47,900 | $818 |
| 2019 | $33,100 | $10,200 | $43,300 | $668 |
| 2018 | $27,300 | $8,500 | $35,800 | $672 |
| 2017 | $27,300 | $8,500 | $35,800 | $568 |
| 2016 | $23,000 | $8,900 | $31,900 | $300 |
| 2015 | $7,100 | $8,900 | $16,000 | $298 |
| 2014 | $7,600 | $8,900 | $16,500 | $306 |
| 2013 | $8,100 | $8,900 | $17,000 | $352 |
| 2012 | $9,000 | $8,900 | $17,900 | $408 |
| 2011 | $12,800 | $8,500 | $21,300 | $372 |
| 2009 | $12,800 | $8,200 | $21,000 | $354 |
| 2008 | $12,800 | $8,200 | $21,000 | $320 |
| 2007 | $12,200 | $7,800 | $20,000 | $570 |
Property facts
Year built
1903
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
2,047 sqft
Lot size
5,924 sqft
ZIP code
56007
City
Albert Lea
Street
Water St
Coordinates
43.65032, -93.37882
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
$240
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 803 Water St last sell?
803 Water St most recently sold on Jan 28, 2022 for $40,000.
What is the current tax assessment for 803 Water St?
The most recent total assessment for 803 Water St (year 2025) is $65,000 with $1,068 in property tax.
How does 803 Water St's assessment compare to its last sale price?
The current assessment is 62.5% above the last sale price of $40,000.
When was 803 Water St built?
803 Water St was built in 1903.
How does 803 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 803 Water St?
803 Water St is a 3 bed, 2 bath, 2,047 sqft, 5,924 sqft lot single_family.
Is 803 Water St a flip candidate?
No — 803 Water St does not appear in our flips dataset.
Is 803 Water St a tax-appeal candidate?
Yes — 803 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