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507 5th St, Albert Lea, MN, 56007

$85,000

Home List Price

$1,009*

Closing Credit

2 Bedrooms
1 Full Bath
1,065 SqFt
$80/SqFt
House

Location

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507 5th St, Albert Lea$85,000

Buyer Closing Credits

$1,009*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDetached
Garage1 space
Year Built1916
HeatingForced Air
CoolingCentral Air
BasementYes
MLS #6630670
StatusActive

About 507 5th St

Newly updated 2 bedroom 1 bathroom home with main floor laundry and nice deck on the back of the house. Newer furnace and water heater also.

Property Details

Property Features

Property Information:

  • Year Built: 1916
  • Living Area: 1,065 SqFt

Listing Office:

  • Office Name: Leland Realty

Interior Features

Interior Information:

  • Appliances: Range, Refrigerator
  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: Detached

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Head South on S. Broadway Ave toward E 5th St. Turn left onto E 5th St. House will be on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $85,000
  • Price Per SqFt: $80/SqFt
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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

$162.9K

Med. Price/SqFt

$112

Avg. Days On Market

30

# of Sold Homes

20

507 5th St vs Albert Lea

1 DAY ON ROCKET

-29 Days

$85,000

-$77.9K Less

$80/SqFt

-$32 Less

KEY TAKEAWAY

This property is $77.9K less than the Median Sold Price and $32/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: #6630670

Listing Office:

  • Office Name: Leland Realty

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Last updated on: 11/17/2024, 7:22:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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$492

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$321

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NMLS#3030

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-605194
5
/10

  • Halverson Elementary School

  • 707 E 10th St

  • 0.62 miles

  • Public District Grades PK-5

school-card-donut-605195
3
/10

  • Hawthorne Elementary School

  • 1000 E Hawthorne St

  • 1.29 miles

  • Public District Grades PK-5

school-card-donut-605196
6
/10

  • Sibley Elementary School

  • 1501 W Front St

  • 1.38 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 $38,343. Typical income of Albert Lea, MN residents is between $35k-100k annually. Residents typically live in single, no kids family. Residents of this area typically 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.

Types of housing 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.

What is it like to live in Albert Lea, MN?

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.

Is it easy to get around Albert Lea, MN without a car?

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.

Transportation in Albert Lea, MN.

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.

Frequently Asked Questions About 507 5th St

What is the listing price of this property?

The listing price of 507 5th St property is $85,000.

What type of property is this?

The property 507 5th St is a house located in Albert Lea, Minnesota, 56007.

Is this property for sale now?

Active Listing: 507 5th St is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 507 5th St has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 507 5th St is 1,065 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 507 5th St is 1916.

Rocket Homes›Minnesota›Freeborn County›Albert Lea›56007›507 5th St

This home is located at 507 5th St in Albert Lea, MN and zip code 56007. This 1,065 square foot home was built in 1916. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since November 16, 2024 and is currently priced at $85,000.

While more than 3 listings in Albert Lea, MN in October 2024 were sold above asking price, there were more than 5 listings sold at asking price, and more than 12 were sold below. Between September 2024 and October 2024, Albert Lea, MN real estate market has seen increase in the number of listings by 0.9%. In October 2024, listings were on the market for 30 days. During the same period, the median list price in this real estate market was $162,900.

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

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