This welcoming split-level home offers three bedrooms on the upper level, including a comfortable primary suite, along with 2.5 bathrooms to give everyone plenty of space. Located near Fountain Lake, the home features a den/office with a fireplace and a relaxed lower-level family room that’s perfect for movie nights or spending time with friends. The property sits on a generous quarter-acre lot and is ideally located close to parks, the city beach, the Blue Zone walking trail, and a nearby golf course. Outside, you’ll love the large yard and deck—ideal for barbecues, kids, or simply enjoying the outdoors. A double garage and practical layout make this home an easy, comfortable place to call home. This home has been a 5 star Air Bnb vacation home for the last two years, the cleaning and management team is in place to keep this home as a income producing investment.
Closed
$226,500
1116 Lakewood Ave, Albert Lea, MN 56007
3beds
2,740sqft
Single Family Residence
Built in 1971
10,787 Square Feet Lot
$231,300 Zestimate®
$83/sqft
$2,069 Estimated rent
Home value
$231,300
Estimated sales range
Not available
$2,069/mo
Zestimate® history
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List your homeWhat's special
Practical layoutComfortable primary suiteDouble garageRelaxed lower-level family roomLarge yard and deckGenerous quarter-acre lot
Zillow last checked:
Listing updated:
Listed by:
Gina Wadding 507-383-2493,
Coldwell Banker River Valley, REALTORS
Bought with:
Davy Villarreal
Robert Hoffman Realty Inc.
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7009488
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 1
- 3/4 bathrooms: 1
- 1/2 bathrooms: 1
Bedroom
- Level: Upper
- Area: 143 Square Feet
- Dimensions: 11x13
Bedroom 2
- Level: Upper
- Area: 100 Square Feet
- Dimensions: 10x10
Bedroom 3
- Level: Upper
- Area: 100 Square Feet
- Dimensions: 10x10
Bathroom
- Level: Upper
- Area: 30 Square Feet
- Dimensions: 6x5
Deck
- Level: Upper
- Area: 280 Square Feet
- Dimensions: 20x14
Dining room
- Level: Upper
- Area: 99 Square Feet
- Dimensions: 9x11
Family room
- Level: Lower
- Area: 253 Square Feet
- Dimensions: 11x23
Kitchen
- Level: Upper
- Area: 165 Square Feet
- Dimensions: 11x15
Laundry
- Level: Lower
- Area: 88 Square Feet
- Dimensions: 8x11
Living room
- Level: Upper
- Area: 273 Square Feet
- Dimensions: 13x21
Heating
- Baseboard
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Gas Water Heater, Microwave, Range, Refrigerator, Washer
- Laundry: In Basement, Washer Hookup
Features
- Basement: Block
- Number of fireplaces: 1
- Fireplace features: Gas
Interior area
- Total structure area: 2,740
- Total interior livable area: 2,740 sqft
- Finished area above ground: 1,440
- Finished area below ground: 390
Property
Parking
- Total spaces: 2
- Parking features: Attached, Concrete, Garage Door Opener
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Multi/Split
- Patio & porch: Composite Decking
Lot
- Size: 10,787 Square Feet
- Dimensions: 160 x 67
- Features: Tree Coverage - Light
Details
- Foundation area: 1300
- Parcel number: 342500060
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Roof: Age Over 8 Years
Condition
- New construction: No
- Year built: 1971
Utilities & green energy
- Electric: Circuit Breakers
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Stovern & Myre Sub
HOA
- Has HOA: No
Location
- Region: Albert Lea
Financial & listing details
- Price per square foot: $83/sqft
- Tax assessed value: $228,900
- Annual tax amount: $2,930
- Date on market: 1/16/2026
- Cumulative days on market: 13 days
Price history
| Date | Event | Price |
|---|---|---|
| 2/27/2026 | Sold | $226,500-1.1%$83/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7009488 Report a problem | ||
| 1/28/2026 | Pending sale | $229,000$84/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7009488 Report a problem | ||
| 1/16/2026 | Listed for sale | $229,000+14.5%$84/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7009488 Report a problem | ||
| 11/7/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 10/23/2023 | Listed for rent | $2,700$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/22/2022 | Sold | $200,000-9.1%$73/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6235484 Report a problem | ||
| 11/7/2022 | Pending sale | $220,000$80/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6235484 Report a problem | ||
| 8/22/2022 | Price change | $220,000-4.7%$80/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6235484 Report a problem | ||
| 7/15/2022 | Listed for sale | $230,900+28.3%$84/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6235484 Report a problem | ||
| 7/29/2005 | Sold | $179,900$66/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,998 +2.5% | $228,900 +20% |
| 2024 | $2,926 +5.4% | $190,700 -0.5% |
| 2023 | $2,776 +2.9% | $191,700 -13.5% |
| 2022 | $2,698 +2.8% | $221,700 +27.6% |
| 2021 | $2,624 | $173,700 +3.3% |
| 2020 | $2,624 +14.2% | $168,200 |
| 2019 | $2,298 | -- |
| 2018 | $2,298 +12.8% | -- |
| 2016 | $2,038 +6.4% | -- |
| 2015 | $1,916 +12.8% | -- |
| 2014 | $1,698 -20.2% | -- |
| 2012 | $2,128 | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
Find assessor info on the county website
Neighborhood: 56007
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Nearby schools
GreatSchools rating
- 4/10Hawthorne Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 6/10Albert Lea Senior High SchoolGrades: 8-12Distance: 1.4 mi
- 4/10Southwest Middle SchoolGrades: 6-7Distance: 1.6 mi
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- Minnesota
- Freeborn County
- Albert Lea
- 56007
- 1116 Lakewood Ave
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