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Commercial (General)Commercial
Last sold for $110,000 on May 10, 2021

525 PROSPECT AVE

ALBERT LEA, MN 56007
0
Baths
4,608 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.56 ac
Lot SizeThe size of the land the home sits on, from county records.
1984
Year BuiltThe year the home was originally built, according to county records.

Valuation

Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$110,000 · May 10, 2021

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$1,898 (2026)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$88,000 (2026)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$28,000
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$60,000
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$88,000
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$88,000

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Commercial (General)
CountyFREEBORN
Lot (acres)The size of the land the home sits on, from county records.0.56
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(3)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Hawthorne Elementary SchoolC-
Elementary · Grades PK–5 · 1.0 mi
H
Albert Lea Senior High SchoolB
High · Grades 8–12 · 1.6 mi
M
Southwest Middle SchoolC
Middle · Grades 6–7 · 2.8 mi

District: Albert Lea Public School District

Neighborhood · ZIP 56007These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.116
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.82
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.13

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.93%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.11%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.9.0%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.0.8%
PopulationHow many people live in this area.21,032
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.117 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$61,706
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$84,906
Average tempThe average temperature here across a full year.45°F
Annual precipHow much rain and melted snow falls here in a typical year.33 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.58%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

525 Prospect Ave measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Among the largest homes in Freeborn County
  • Has a bigger lot than 79% of homes in Albert Lea 56007
  • Newer than 87% of homes in Albert Lea 56007

How it measures up in Albert Lea 56007

The dot is this home. The mark in the middle is the typical home in Albert Lea 56007.

Living area4,608 ft²
SmallerTypical 1,288 ft²Bigger

Bigger than almost all homes nearby

Lot size0.56 ac
SmallerTypical 0.23 acBigger

Bigger than 79% of homes nearby

Year built1984
OlderTypical 1954Newer

Newer than 87% of homes nearby

How 525 Prospect Ave ranks against every home in each area.
MeasureThis homeAlbert Lea 56007Freeborn County
Living areabigger than4,608 ft²almost all homesalmost all homes
Lot sizebigger than0.56 ac79% of homes66% of homes
Year builtnewer than198487% of homes85% of homes

About 525 Prospect Ave

When did 525 Prospect Ave, Albert Lea, MN last sell?

525 Prospect Ave, Albert Lea, MN last sold on May 10, 2021 for $110,000, according to the county's recorded deed.

How big is 525 Prospect Ave, Albert Lea, MN?

525 Prospect Ave, Albert Lea, MN has 4,608 square feet of living space and a 0.56-acre lot.

When was 525 Prospect Ave, Albert Lea, MN built?

525 Prospect Ave, Albert Lea, MN was built in 1984, making it 42 years old.

What schools serve 525 Prospect Ave, Albert Lea, MN?

525 Prospect Ave, Albert Lea, MN is assigned to Hawthorne Elementary School (elementary), rated C-; Albert Lea Senior High School (high), rated B; Southwest Middle School (middle), rated C. All sit in Albert Lea Public School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 525 Prospect Ave, Albert Lea, MN compare to other homes in Albert Lea 56007?

Among the 8,591 homes in Albert Lea 56007, it is bigger than almost all of them (4,608 ft² against a typical 1,288 ft²), its lot is bigger than 79% of them (0.56 ac against a typical 0.23 ac) and it is newer than 87% of them (1984 against a typical 1954). These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 525 Prospect Ave, Albert Lea, MN?

The 2026 property tax bill for 525 Prospect Ave, Albert Lea, MN was $1,898. The county assessed it at $88,000.

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Assigned schools

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