1 month on rocket

109 Lake Ave, Albert Lea, MN, 56007

$129,000

Home List Price

$1,532*

Closing Credit

0 Baths
1,807 SqFt
$71/SqFt
Multi

Location

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109 Lake Ave, Albert Lea$129,000

Buyer Closing Credits

$1,532*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingAttached Garage
Attached Garage1 space
Year Built1916
HeatingForced Air
BasementYes
MLS #6616190
StatusActive

About 109 Lake Ave

Well maintained duplex close to downtown and Fountain Lake. One bedroom, 1 bath units with separate entrances and utilities. Call today for a showing!

Property Details

Property Features

Property Information:

  • Year Built: 1916
  • Living Area: 1,807 SqFt

Listing Office:

  • Office Name: Leland Realty

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: Yes
  • Parking: Attached Garage

Utilities

Utilities Information:

  • Heating: Forced Air

Other

Directions Information:

  • Directions: East on Clark St., left onto Lake Ave., house is on the right side.

Price Information

Listing Price Info

Price Summary:

  • List Price: $129,000
  • Price Per SqFt: $71/SqFt

Tax Information:

  • Annual Amount: $1,510
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Albert Lea, MN.

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Albert Lea, MN

City

Med. Sold Price

$165K

Med. Price/SqFt

$112

Avg. Days On Market

39

# of Sold Homes

26

109 Lake Ave vs Albert Lea

50 DAYS ON ROCKET

+11 Days

$129,000

-$36K Less

$71/SqFt

-$41 Less

KEY TAKEAWAY

This property is $36K less than the Median Sold Price and $41/SqFt less than other homes in Albert Lea, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6616190

Listing Office:

  • Office Name: Leland Realty

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Last updated on: 12/3/2024, 11:52:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$1,510$45,900
2020$1,510$43,900
2018$1,234 -

History based on county public records data.

Payment Calculator

$711

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$453

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-3806420
3
/10

  • Hawthorne Elementary School

  • 1000 E Hawthorne St

  • 0.71 miles

  • Public District Grades PK-5

school-card-donut-3806421
4
/10

  • Lakeview Elementary School

  • 902 Abbott St

  • 0.85 miles

  • Public District Grades KG-5

school-card-donut-3806422
6
/10

  • Sibley Elementary School

  • 1501 W Front St

  • 1.32 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $20,500. Most Albert Lea, MN residents have annual incomes less than $35k. The majority of families are single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Living In Albert Lea, MN

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Albert Lea, MN?

Albert Lea's housing market offers a diverse array of options, with single-family homes being the most prevalent, reflecting a mix of architectural styles from classic to contemporary. The market is characterized by a blend of older homes with rich histories and newer constructions that cater to modern living preferences. While the majority of residences are owner-occupied, there is also a selection of rental properties available for those looking to lease.

Is Albert Lea, MN a good place to live?

Albert Lea is celebrated for its welcoming small-town charm and community-oriented lifestyle. The city prides itself on its scenic lakes, parks, and recreational areas that offer residents a peaceful and nature-infused environment. Local events and festivals throughout the year contribute to the strong sense of community and celebrate the area's heritage and culture.

Are things conveniently located in Albert Lea, MN?

The community is served by a network of public schools, healthcare facilities, and a public library system that collectively support the residents' educational and health needs. Retail and dining options are available, reflecting the local culture and providing a range of choices for shopping and cuisine. The city is attentive to the evolving needs of its population and works to enhance services accordingly.

What does the transportation in Albert Lea, MN look like?

Albert Lea's transport infrastructure includes a network of roads and highways that connect residents to nearby cities and amenities. Public transportation options are available, offering residents alternatives to private vehicle use. The city also features areas that are pedestrian-friendly, encouraging walking and biking as viable modes of transport within the community. Recent efforts have been made to improve transport efficiency and accessibility, ensuring that residents can navigate the area with ease.

Rocket Homes›Minnesota›Freeborn County›Albert Lea›56007›109 Lake Ave

This home is located at 109 Lake Ave in Albert Lea, MN and zip code 56007. This 1,807 square foot home was built in 1916. It has been listed on Rocket Homes since October 14, 2024 and is currently priced at $129,000.

Albert Lea, MN housing market in November 2024 saw over 7 listings sold above listed price, more than 6 sold at listed price and over 13 sold below. The number of listings in Albert Lea, MN increased by 5.1% between October 2024 and November 2024. While the average time on the market in November 2024 was 39 days, the median list price was $165,000.

From Rocket Homes Real Estate and based on county public records data.

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