507 Hills Ln Albert Lea, MN 56007
Property details
About 507 Hills Ln
What a great investment!!! With a good cash flow!!! Also owner could live in one half and rent out the other side for extra income. Both units feature a full basement, with an attached garage and deck.(decks were refaced with new lumber ! new garage doors, and storm doors.) Newer flooring in both units. Both units have 2 bedrooms , bath , kitchen , and living room on the main floor. (Appliances are included).(Attached garages) West unit has been completely updated, with new flooring, paint, bathroom , along with the kitchen!! (New appliances in this unit).. This unit will not disappoint. All this located on almost a half of an acre lot . ( Extra Large lot with room to build)You could build that 30x36 garage you always wanted?? (Just check with the city).. Priced to sell !!!
Highlights
Summary
- MLS Number: 6645385
- MLS Name: NORTHSTAR
- Office Name: Unique Realty
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$249,900
507 Hills Ln
$2,968
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jan 05, 2018 | Home Sold | $90,437 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $190,500 | $3,338 |
| 2023 | $177,500 | $3,380 |
| 2022 | $179,200 | $3,282 |
| 2021 | $130,600 | $3,282 |
| 2020 | $147,500 | $3,282 |
| 2018 | $- | $2,828 |
History based on county public records data.
Nearby schools
3
Hawthorne Elementary School
Public District PK-5
1.4 mi
•1000 E Hawthorne St
4
Lakeview Elementary School
Public District KG-5
1.8 mi
•902 Abbott St
6
Sibley Elementary School
Public District KG-5
2.7 mi
•1501 W Front St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $45,432. The majority of Albert Lea, MN residents have income between $35k-100k annually. Typical family type is married, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
PGA/LPGA
Figure Skating
NASCAR
Where do the neighbors shop?
Stein Mart
Dick's Sporting Goods
Academy Sports & Outdoors
Where do the neighbors go to eat?
Bob Evans
Arbys
Little Caesars
What do the neighbors drive?
Lincoln
Buick
GMC
What do the neighbors listen to?
News/Talk/Information
Adult Standards- Adult Hits
Frequently asked questions
Living in Albert Lea, MN
About 507 Hills Ln
This home is located at 507 Hills Ln in Albert Lea, MN and zip code 56007. This 1,692 square foot home was built in 1976. Features: 0 bathroom. It has been listed on Rocket Homes since January 22, 2025 and is currently priced at $249,900.
While more than 1 listings in Albert Lea, MN in February 2025 were sold above asking price, there were more than 3 listings sold at asking price, and more than 9 were sold below. The number of listings in Albert Lea, MN increased by 1.3% between January and February 2025. While the average time on the market in February 2025 was 85 days, the median list price was $172,000.