Same owners have owned and loved this home since 1973 and now it is your turn to make this home your own! Great ranch style home with a great lay-out. Perfectly located on a corner lot and across from a city park. Large two stall garage! Take a stroll through this wonderful home with our 3D tour and then book your private showing.
Closed
$82,500
1517 Margaretha Ave, Albert Lea, MN 56007
2beds
1,536sqft
Single Family
Built in 1954
7,579 Square Feet Lot
$85,100 Zestimate®
$54/sqft
$1,120 Estimated rent
Home value
$85,100
Estimated sales range
Not available
$1,120/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Heather Allen 507-318-0453,
Leland Realty,
Matthew N Johnson 507-213-0360
Bought with:
Matthew N Johnson
Leland Realty
Heather Allen
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6651788
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: 99 Square Feet
- Dimensions: 11 x 9
Bathroom
- Level: Main
- Area: 40 Square Feet
- Dimensions: 8 x 5
Kitchen
- Level: Main
- Area: 120 Square Feet
- Dimensions: 15 x 8
Laundry
- Level: Basement
- Area: 96 Square Feet
- Dimensions: 12 x 8
Living room
- Level: Main
- Area: 165 Square Feet
- Dimensions: 15 x 11
Storage
- Level: Basement
- Area: 143 Square Feet
- Dimensions: 13 x 11
Storage
- Level: Basement
- Area: 154 Square Feet
- Dimensions: 14 x 11
Storage
- Level: Basement
- Area: 176 Square Feet
- Dimensions: 16 x 11
Heating
- Forced Air
Cooling
- None
Appliances
- Included: Dryer, Freezer, Microwave, Range, Refrigerator, Washer
- Laundry: In Basement
Features
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total structure area: 1,536
- Total interior livable area: 1,536 sqft
- Finished area above ground: 768
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Detached Garage, Concrete, Garage Door Opener
- Garage spaces: 2
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
Lot
- Size: 7,579 Square Feet
- Dimensions: 60 x 127
Details
- Foundation area: 768
- Parcel number: 340780110
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family
Condition
- New construction: No
- Year built: 1954
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Stielers 1951 Add
HOA
- Has HOA: No
Location
- Region: Albert Lea
Financial & listing details
- Price per square foot: $54/sqft
- Tax assessed value: $113,800
- Annual tax amount: $1,103
- Date on market: 1/27/2025
- Cumulative days on market: 31 days
Price history
| Date | Event | Price |
|---|---|---|
| 3/17/2026 | Listing removed | $1,300$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/5/2026 | Listed for rent | $1,300$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/27/2025 | Listing removed | $1,300$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/4/2025 | Listed for rent | $1,300$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/11/2025 | Sold | $82,500-21.4%$54/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6651788 Report a problem | ||
| 2/27/2025 | Pending sale | $104,900$68/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6651788 Report a problem | ||
| 2/14/2025 | Price change | $104,900-8.8%$68/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6651788 Report a problem | ||
| 1/27/2025 | Listed for sale | $115,000$75/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6651788 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,258 -3.4% | $113,800 +12.2% |
| 2024 | $1,302 +26.4% | $101,400 +3.7% |
| 2023 | $1,030 -3.4% | $97,800 +7.4% |
| 2022 | $1,066 +5.8% | $91,100 +25.3% |
| 2021 | $1,008 | $72,700 -2.5% |
| 2020 | $1,008 +34% | $74,600 |
| 2019 | $752 | -- |
| 2018 | $752 +26.6% | -- |
| 2016 | $594 +2.4% | -- |
| 2015 | $580 -6.5% | -- |
| 2014 | $620 -18.6% | -- |
| 2012 | $762 | -- |
| 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: 0.1 mi
- 4/10Southwest Middle SchoolGrades: 6-7Distance: 1.8 mi
- 6/10Albert Lea Senior High SchoolGrades: 8-12Distance: 2.9 mi
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$85,100
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- Minnesota
- Freeborn County
- Albert Lea
- 56007
- 1517 Margaretha Ave
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