Closed

$78,000

118 McArthur Dr, Albert Lea, MN 56007

2beds

868sqft

Single Family Residence

Built in 1953

7,492 Square Feet Lot

$130,200 Zestimate^®

$90/sqft

$1,067 Estimated rent

Home value

$130,200

$117,000 - $145,000

$1,067/mo

Zestimate^® history

Owner options

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$1,067/mo

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$1,067/mo

Rent Zestimate^®

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$399/mo

Est. payment

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$399/mo

Est. payment

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What's special

Hidden gem in Albert Lea! This home, priced to reflect its condition, offers incredible potential. Nestled on a private cul de sac with a spacious yard, it backs up to city-owned land offering a park-like setting, ensuring no neighbors behind. The main level boasts beautiful hardwood floors and updated vinyl windows, while the unfinished basement provides the chance to expand and add additional finished square footage, bedrooms, and a bathroom. Amazing opportunity for investors or owner-occupants looking for a project to add value and equity growth. Schedule a showing today and see the potential for your self!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1

Bedroom

Level: Main
Area: 121 Square Feet
Dimensions: 11 x 11

Bedroom 2

Level: Main
Area: 120 Square Feet
Dimensions: 10 x 12

Dining room

Level: Main
Area: 55 Square Feet
Dimensions: 11 x 5

Kitchen

Level: Main
Area: 112 Square Feet
Dimensions: 14 x 8

Living room

Level: Main
Area: 108 Square Feet
Dimensions: 12 x 9

Heating

Forced Air

Cooling

None

Appliances

Included: Dryer, Range, Refrigerator, Washer
Laundry: In Basement

Features

Basement: Block,Daylight,Full,Unfinished
Has fireplace: No

Interior area

Total structure area: 868
Total interior livable area: 868 sqft
Finished area above ground: 868
Finished area below ground: 0

Property

Parking

Total spaces: 1
Parking features: Attached, Concrete
Attached garage spaces: 1
Details: Garage Dimensions (11 x 18), Garage Door Height (6), Garage Door Width (7)

Accessibility

Accessibility features: None

Features

Levels: One
Stories: 1
Patio & porch: Deck
Fencing: Wood

Lot

Size: 7,492 Square Feet
Dimensions: 75 x 100
Features: Property Adjoins Public Land

Details

Foundation area: 868
Parcel number: 341390200
Zoning description: Residential-Single Family

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Roof: Asphalt

Condition

New construction: No
Year built: 1953

Utilities & green energy

Electric: Circuit Breakers, 100 Amp Service
Gas: Natural Gas
Sewer: City Sewer/Connected
Water: City Water/Connected

Community & HOA

Community

Subdivision: Garden Villa Sub

HOA

Has HOA: No

Location

Region: Albert Lea

Financial & listing details

Price per square foot: $90/sqft
Tax assessed value: $108,400
Annual tax amount: $1,140
Date on market: 7/8/2024
Cumulative days on market: 11 days

Price history

Date	Event	Price
4/22/2026	Listing removed	$1,450$2/sqft
Source: Zillow Rentals Report a problem
4/1/2026	Listed for rent	$1,450$2/sqft
Source: Zillow Rentals Report a problem
3/30/2026	Listing removed	$1,450$2/sqft
Source: Zillow Rentals Report a problem
3/15/2026	Listed for rent	$1,450+5.5%$2/sqft
Source: Zillow Rentals Report a problem
8/30/2024	Listing removed	$1,375$2/sqft
Source: Zillow Rentals Report a problem
8/26/2024	Listed for rent	$1,375$2/sqft
Source: Zillow Rentals Report a problem
8/14/2024	Sold	$78,000+4%$90/sqft
Source: NorthstarMLS as distributed by MLS GRID #6563888 Report a problem
7/23/2024	Pending sale	$75,000$86/sqft
Source: NorthstarMLS as distributed by MLS GRID #6563888 Report a problem
7/12/2024	Listed for sale	$75,000+5.5%$86/sqft
Source: NorthstarMLS as distributed by MLS GRID #6563888 Report a problem
8/23/2007	Sold	$71,070$82/sqft
Source: Agent Provided Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,356 +12.4%	$108,400 +29.4%
2024	$1,206 -4.6%	$83,800 +9.7%
2023	$1,264 +4.5%	$76,400 -7.8%
2022	$1,210 +0.3%	$82,900 +20.5%
2021	$1,206	$68,800 +5.5%
2020	$1,206 +34.9%	$65,200
2019	$894	--
2018	$894 +16.7%	--
2016	$766 +2.1%	--
2015	$750 -0.5%	--
2014	$754 -33.6%	--
2012	$1,136	--
2011	--	--
2010	--	--