Cozy and inviting, this 2+ bedroom property is waiting for it's new owners to make it their own! The main floor features 2 bedrooms, 3/4 bath, galley-style kitchen, large living area, and updated flooring throughout + original woodwork & glass door knobs. The basement offers an additional option for a 3rd bedroom, and great storage or possible bonus room! With a nice deep lot and detached garage/shed, there is so much potential here. Updates include vinyl siding, newer windows and doors, roof, and added insulation in the attic.
Sold-non member
$80,000
1316 Margaretha Ave, Albert Lea, MN 56007
2beds
1,536sqft
Single Family Residence
Built in 1938
0.26 Acres Lot
$81,500 Zestimate®
$52/sqft
$1,272 Estimated rent
Home value
$81,500
Estimated sales range
Not available
$1,272/mo
Zestimate® history
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$409/mo
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Zillow last checked:
Listing updated:
Listed by:
Tara Garbes,
True Real Estate
Bought with:
Non Member
Non-Member
Source: RASM,MLS#: 7039467
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- 3/4 bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Bedroom
- Level: Main
- Area: 126.5
- Dimensions: 11 x 11.5
Bedroom 1
- Level: Main
- Area: 78.75
- Dimensions: 10.5 x 7.5
Dining room
- Features: Eat-in Kitchen
Kitchen
- Level: Main
- Area: 110.5
- Dimensions: 13 x 8.5
Living room
- Level: Main
- Area: 172.5
- Dimensions: 15 x 11.5
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Microwave, Range, Refrigerator, Gas Water Heater, Water Softener Owned
- Laundry: Washer/Dryer Hookups
Features
- Ceiling Fan(s), Eat-In Kitchen, Bath Description: Main Floor 3/4 Bath, Main Floor Bedrooms
- Basement: Daylight/Lookout Windows,Egress Windows,Unfinished,Block,Full
- Has fireplace: No
Interior area
- Total structure area: 768
- Total interior livable area: 1,536 sqft
- Finished area above ground: 768
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Detached
- Garage spaces: 1
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck
Lot
- Size: 0.26 Acres
- Dimensions: 227 x 50
- Features: Tree Coverage - Medium
Details
- Foundation area: 768
- Parcel number: 340491400
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Frame/Wood, Vinyl Siding
- Roof: Asphalt
Condition
- Previously Owned
- New construction: No
- Year built: 1938
Utilities & green energy
- Electric: Fuses
- Sewer: City
- Water: Public
Community & HOA
Location
- Region: Albert Lea
Financial & listing details
- Price per square foot: $52/sqft
- Tax assessed value: $96,300
- Annual tax amount: $912
- Date on market: 3/16/2026
- Listing terms: Cash,Conventional
- Road surface type: Curb/Gutters, Paved
Price history
| Date | Event | Price |
|---|---|---|
| 4/28/2026 | Listing removed | $1,450$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/29/2026 | Listed for rent | $1,450$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/16/2026 | Sold | $80,000-11%$52/sqft |
Source:  RASM #7039467 Report a problem | ||
| 3/2/2026 | Pending sale | $89,900$59/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7021100 Report a problem | ||
| 2/16/2026 | Listed for sale | $89,900$59/sqft |
Source: RASM #7039467 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $912 +14.3% | $96,300 +14.9% |
| 2024 | $798 -2.2% | $83,800 +13.4% |
| 2023 | $816 -50.8% | $73,900 -1.3% |
| 2022 | $1,658 +117% | $74,900 +12.6% |
| 2021 | $764 | $66,500 +5.7% |
| 2020 | $764 +19.7% | $62,900 |
| 2019 | $638 | -- |
| 2018 | $638 +20.4% | -- |
| 2016 | $530 +1.9% | -- |
| 2015 | $520 -2.3% | -- |
| 2014 | $532 -19.9% | -- |
| 2012 | $664 | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
Find assessor info on the county website
Neighborhood: 56007
Nearby homes
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Nearby schools
GreatSchools rating
- 6/10Halverson Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 4/10Southwest Middle SchoolGrades: 6-7Distance: 1.7 mi
- 6/10Albert Lea Senior High SchoolGrades: 8-12Distance: 2.7 mi
Schools provided by the listing agent
- District: Albert Lea #241
Source: RASM. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$81,500
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$83,130
- Minnesota
- Freeborn County
- Albert Lea
- 56007
- 1316 Margaretha Ave
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