506 E 5th St, Albert Lea, MN 56007
FORECLOSURE
BANK OWNED

$64,000

  • 3 Beds
  • 1.5 Baths
  • 1,424 sqft

506 E 5th St, Albert Lea, MN 56007

Est. Mortgage $459/mo*
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Home Highlights

HOA
None
Price/Sqft
$45
Climate Control
Heating only
Listed
45 days ago

Local Information

  • Map ViewExplore the area around 506 E 5th St.
  • Schools1 Preschool School1 Elementary School2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

Property is available for online auction only. See Realty Bid for property, auction, & bidding information. *No showings, no trespassing.
Contact this Building
View our Foreclosure Guides
Last check for updates: about 3 hours ago
Listing courtesy of Brian Brockman
Bang Realty
Source: My State MLS, MLS#11883213

Home Details for 506 E 5th St

Interior Features

Interior Details
Number of Rooms: 1Types of Rooms: Basement
Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 2Number of Bathrooms (full): 1Number of Bathrooms (half): 1
Dimensions and Layout
Living Area: 1424 Square Feet
Heating & Cooling
Heating: Has Heating Unspecified TypeNo CoolingHas HeatingHeating Fuel: Has Heating Unspecified Type
Fireplace & Spa
No Fireplace
Gas & Electric
Electric: Amps(0)
Levels, Entrance, & Accessibility
Stories: 2
View
No View

Exterior Features

Exterior Home Features
No Private Pool
Parking & Garage
No Garage
Frontage
Not on Waterfront
Finished Area
Finished Area (above surface): 1424 Square Feet

Days on Market

Days on Market: 45

Property Information

Year Built
Year Built: 1920
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence
Building
Not a New Construction
Property Information
Parcel Number: 34.036.1900

Price & Status

Price
List Price: $64,000Price Per Sqft: $45

Active Status

MLS Status: Active

Location

Direction & Address
City: Albert Lea

Agent Information

Listing Agent
Listing ID: 11883213

Building

Building Area
Building Area: 1424 Square Feet

Community

Not Senior Community

HOA

No HOAHOA Fee: No HOA Fee

Lot Information

Lot Area: 8712 sqft

Listing Info

Special Conditions: Auction, Real Estate Owned

Rental Terms, Policies & Fees

Miscellaneous

Mls Number: 11883213Above Grade Unfinished Area: 1424

Around this home

What Locals Say about Albert Lea

At least 102 Trulia users voted on each feature.

  • 89 % Say it's dog friendly

  • 87 % Say car is needed

  • 85 % Say parking is easy

  • 82 % Say yards are well-kept

  • 67 % Say kids play outside

  • 65 % Say there are sidewalks

  • 64 % Say streets are well-lit

  • 64 % Say people would walk alone at night

  • 62 % Say there's holiday spirit

  • 59 % Say neighbors are friendly

  • 53 % Say it's quiet

  • 49 % Say there's wildlife

  • 41 % Say they plan to stay for at least 5 years

  • 38 % Say it's walkable to grocery stores

  • 30 % Say it's walkable to restaurants

  • 23 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Terry K.
    "Very dog friendly city. Lots of paths to walk along the lake as well as nature paths that are very dog friendly. There is even a dog park that seems to be very popular for both big dogs and small "
    2
    Flag
  • Charles D.
    "Right by the beach and people are always walking their dogs. Great place to be. Quiet and friendly neighborhood "
    4
    Flag
  • Kim K.
    "I drive an hour to work ever day. Driving in town in general is pretty laid back though and rarely any heavy traffic."
    1
    Flag
  • Stephanie G.
    "I was raised in this neighborhood pretty good place to live in. Good schools. Decent restaurants not a whole lot of shopping area thought but it’s quite which is good. "
    0
    Flag
  • A
    "Easy area to walk dogs and spend quality time outside with family. Biking or running, Albert Lea has all you need to raise a family and stay healthy while doing it. "
    0
    Flag
  • Naheiser
    "Lived here for 3 years. My 3 neighbors are all very nice, caring people. We are tucked back on a bay of Fountain Lake with woods so it’s quiet. We see eagles and cardinals plus deer and wild turkeys! Love it here."
    2
    Flag
  • Cole7481
    "Great place to live! Beautiful lakes, parks and people. Amazing cost of living. Places to eat, things to do. Lake, land, life! "
    0
    Flag
  • Cole7481
    "Community events are always happening, such as Holiday events, markets, live music and festivals, etc. Great people and lots to do - lakes, land, life!"
    0
    Flag
  • Unspecified
    "I've live in Albert Lea my whole life and honestly it's quite dull unless your a streo typically elderly person. There isn't much here for young people, jobs are few and far between, The lakes are gross."
    1
    Flag
  • Unspecified
    "I like all the parks that are less then a mile from my house. My favorite park in my neighborhood is Frank Hall park. Frank Hall park has a play area for kids, a fishing pier, Public water access for boaters, and Gazbos that are perfect for a picnic (The humane society is by the park too! highly recommend checking it out if you want a pet.). Right across the street from the park there is a basketball and a pickleball court and the Aquatic Center."
    0
    Flag
  • scottschmeltzer12
    "Amazing community for giving back! Relay for Life, United Way, etc. Small town that is great for raising a family. 45 minutes from Mayo Clinic-Rochester, MN. Two amazing golf courses. New High School that is beautiful."
    0
    Flag
  • Dsrborland
    "good place to live,low crime,"
    0
    Flag

Market trends in Albert Lea

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
123
8MoM

Home Value

Trulia Estimate
$115K
Since last month
Decreased$3K (-2.6%)
Since last year
Decreased$23K (-16.9%)
Since last sale
Increased$42K (+57.7%)
Learn more about this home's value by checking out its Trulia Estimate and the value of nearby homes.

Trulia Estimate

The of this home's value increased by +71% in the last 10 years
MonthEstimated value
2026
August 2026$114K
July 2026$117K
June 2026$121K
May 2026$124K
April 2026$120K
March 2026$119K
February 2026$117K
January 2026$120K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
1117 Frank Ave, Albert Lea, MN 56007
0.04
$117,500
2
1
1,572
Recently Sold
518 E 5th St, Albert Lea, MN 56007
0.04
$127,500
3
1
1,047
For Sale
1007 Frank Ave, Albert Lea, MN 56007
0.08
$80,000
4
2
1,716
Recently Sold
1012 Saint Joseph Ave, Albert Lea, MN 56007
0.09
$160,300
3
2.5
1,482
Off Market
504 E 4th St, Albert Lea, MN 56007
0.10
$144,500
3
2
1,426
Off Market
303 E 6th St, Albert Lea, MN 56007
0.09
$117,100
3
1
2,147
Off Market
1210 Frank Ave, Albert Lea, MN 56007
0.10
$214,100
3
2
1,257
Off Market
1215 Frank Ave, Albert Lea, MN 56007
0.10
$147,400
3
1.5
1,478
Off Market
509 E 4th St, Albert Lea, MN 56007
0.12
$189,000
7
3
1,890
For Sale
1016 Saint John Ave, Albert Lea, MN 56007
0.12
$116,100
2
1
1,023
Off Market
1212 Saint Joseph Ave, Albert Lea, MN 56007
0.11
$50,000
3
1
1,248
Recently Sold

Price and Tax history

DateEventPrice
Jun 8, 2017
Source: NorthstarMLS as distributed by MLS GRID #5096989
Sold
$72,500
Apr 28, 2017
Source: Agent Provided
Pending
$72,500
Mar 20, 2017
Source: Agent Provided
Listed For Sale
$72,500
Mar 12, 2013
Source: Lake Superior Area Realtors as distributed by MLS GRID #1982983
Sold
$41,000

LGBTQ Local Legal Protections

Brian Brockman, Bang Realty

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Frequently asked questions about 506 E 5th St

  • What is the estimated monthly payment for 506 E 5th St?
    Based on a $64,000 list price with 20% down at today's rates, the estimated monthly payment for 506 E 5th St in Albert Lea, MN is approximately $466 (about $334 principal & interest, $57 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • What do residents say about Albert Lea?
    Residents describe Albert Lea, MN as dog-friendly, easy to park in, and well-kept. Most residents say you need a car. See homes for sale in Albert Lea, MN.
  • What are the closest schools to 506 E 5th St?
    The closest schools to 506 E 5th St in Albert Lea, MN are Albert Lea Senior High School (Middle, rated 6/10), Halverson Elementary School (Pre-K, rated 6/10), Southwest Middle School (rated 4/10).
  • What is 506 E 5th St estimated to be worth?
    Trulia's estimated value for 506 E 5th St in Albert Lea, MN is $114,500.
  • How big is the lot at 506 E 5th St?
    The lot at 506 E 5th St in Albert Lea, MN is about 0.20 acres (8,712 sq ft).
506 E 5th St, Albert Lea, MN 56007 is a 3 bedroom, 2 bathroom, 1,424 sqft single-family home built in 1920. This property is currently available for sale and was listed by My State MLS on Jul 13, 2026. The MLS # for this home is MLS# 11883213.