Have you ever dreamed of building your own home? Explore the possibilities on Oakwood Terrace. Purchase this vacant lot individually or consider acquiring the adjacent available lot to create a larger combined property with added space and flexibility. Set in the established Oak Knoll Addition near Albert Lea Lake and South Shore Drive, this location offers an appealing opportunity for a future homesite. Seller has improved the property with DNR approved grading a path to the shoreline. Buyer to verify all intended uses, utilities, zoning, building requirements and shoreline restrictions.
Active
$35,000
1701 Oakwood Ter, Albert Lea, MN 56007
--beds
--baths
0.33Acres
Unimproved Land
Built in ----
0.33 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 12 days |
- 70 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
Lucas Schuster 507-210-4028,
Leland Realty
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7117960
Facts & features
Interior
Features
- Has basement: No
Property
Lot
- Size: 0.33 Acres
- Dimensions: 86 x 138 x 117 x 143
- Topography: Hilly,Sloped,Walkout
Details
- Parcel number: 343350330
- Zoning description: Residential-Multi-Family,Shoreline,Residential-Single Family
Utilities & green energy
- Utilities for property: Electricity Available, Natural Gas Available, None Connected, Sewer Available, Storm Sewer Available, Phone Available, Water Available
Community & HOA
Community
- Features: No
- Subdivision: Oak Knoll Sub
HOA
- Has HOA: No
Location
- Region: Albert Lea
Financial & listing details
- Tax assessed value: $77,600
- Annual tax amount: $554
- Date on market: 7/29/2026
- Inclusions: Survey, Survey Stakes
Estimated market value
Not available
Estimated sales range
Not available
$1,109/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/29/2026 | Listed for sale | $35,000-12.3% |
Source:  NorthstarMLS as distributed by MLS GRID #7117960 Report a problem | ||
| 12/31/2016 | Listing removed | $39,900 |
Source: Ron Holtan Real Estate #4059831 Report a problem | ||
| 8/5/2016 | Price change | $39,900+62.9% |
Source: Ron Holtan Real Estate #4059831 Report a problem | ||
| 6/15/2016 | Listed for sale | -- |
Source: Ron Holtan Real Estate #4059831 Report a problem | ||
| 8/9/2011 | Sold | $24,500 |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #1666034 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $880 -0.2% | $77,600 +199.6% |
| 2024 | $882 +31.6% | $25,900 |
| 2023 | $670 +168% | $25,900 +123.3% |
| 2022 | $250 | $11,600 |
| 2021 | $250 | $11,600 |
| 2020 | $250 -50.4% | $11,600 |
| 2019 | $504 | -- |
| 2018 | $504 +23.5% | -- |
| 2016 | $408 +3.6% | -- |
| 2015 | $394 | -- |
| 2014 | $394 +109.6% | -- |
| 2012 | $188 | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 56007
Nearby schools
GreatSchools rating
- 6/10Halverson Elementary SchoolGrades: PK-5Distance: 1.1 mi
- 4/10Southwest Middle SchoolGrades: 6-7Distance: 3 mi
- 6/10Albert Lea Senior High SchoolGrades: 8-12Distance: 3.4 mi
- $35,0000.33 acres1705 Oakwood Ter, Albert Lea, MN 56007Lot/Land
- $216,7002 bd2 ba1.8k sqft1701 S Shore Dr, Albert Lea, MN 56007Off Market
- $--0.66 acres1701/1705 Oakwood Ter, Albert Lea, MN 56007Off Market
- $157,100-- bd-- ba-- sqft1643 S Shore Dr, Albert Lea, MN 56007Off Market
- $360,0003 bd2 ba1.5k sqft1709 Oakwood Ter, Albert Lea, MN 56007Sold
- $398,1003 bd2 ba2.5k sqft1643 S Shore Dr, Albert Lea, MN 56007Off Market
- $218,1004 bd1 ba1.5k sqft1705 S Shore Dr, Albert Lea, MN 56007Off Market
- $127,2004 bd1 ba1k sqft1709 S Shore Dr, Albert Lea, MN 56007Off Market
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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