Lori Gustafson

1506 Elm Street

Albert Lea, MN
$ 275,000 Beds 5 Baths 2.5 Sq 2,584
Monthly Estimate* How much can I afford?

Looking for a large lot with city amenities and a country feel? Welcome to 1506 Elm St. This 5-bedroom, 3-bath home has plenty of space inside and out. The main level features a large living room with a gas fireplace and a large window overlooking the front yard, a dining room, and a spacious kitchen with access to the deck. Upstairs you’ll find three bedrooms, including the primary bedroom with a private half bath, along with a full bathroom. The walkout lower level offers a family room, two additional bedrooms, and a 3/4 bath, with direct access to the backyard. The basement provides plenty of room for storage or the potential for additional finished space. Outside, the large backyard offers plenty of room to enjoy, along with a shed for additional storage. If you’re looking for some extra space while still being close to everything in town, this one is worth a look. Schedule your showing today!

Single Family

  • Price
  • $ 275,000
  • City
  • Albert Lea
  • Bedrooms
  • 5
  • Full Bathrooms
  • 2
  • County
  • FREEBORN
  • Half Bathrooms
  • 1
  • Area
  • Elmwood Terrace Sub
  • Lot Size
  • 0.34 Acres
  • Zip
  • 56007
  • Sqr Footage
  • 2,584
  • Year Built
  • 1964
  • Taxes
  • $ 3326
  • Style
  • Single Family
  • MLS#
  • 7128574
Listed By: Re/Max Advantage Plus
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 2584
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Roof Age Over 8 Years
Appliances Dishwasher,Disposal,Dryer,Water Filtration System,Microwave,Range,Refrigerator,Washer,Water Softener Owned
Garage Spaces 2
Pool Features None
Construction Materials Block,Frame
Year Built 1964
Electric Circuit Breakers
Levels Four or More Level Split
Property Subtype Single Family
Tax Year 2026
Accessibility None
County Freeborn
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Elmwood Terrace Sub
Other Structures Storage Shed
Full Baths 1
Directions Richway Drive West to 740th Avenue,then left on Elm,home is on the right.
City Albert Lea
High School District Albert Lea
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 3326
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
Amenities Unit Ceiling Fan(s),Deck,Kitchen Window
PostalCity Albert Lea

Interior Features

Basement Block,Unfinished
Total Fireplaces 1
Fireplace Features Gas,Insert,Living Room
Basement (Y/N) Yes
Fireplace Y/N Yes
Above Grade Finished Area 1400
Half Baths 1
3/4 Baths 1
Laundry Features In Basement,Electric Dryer Hookup,Washer Hookup
Total Bedrooms 5
Below Grade Finished Area 1184
Total Baths 3
Bath Desc 1/2 Primary,3/4 Basement,Upper Level Full Bath
Dining Room Description Living/Dining Room
Fuel Natural Gas
Garage Dimensions 20x26
Garage Square Feet 520

Exterior Features

Fencing None
Parking Features Attached Garage,Concrete,Electric,Garage Door Opener
Lot Features Tree Coverage - Medium
Water Source City Water/Connected
Lot Size Area 0.34
Building Area Total 2752
Lot Dimensions 108x144
Waterfront Y/N No
Foundation Area 1352
Road Frontage Type City Street
Road Responsibility Public Maintained Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Faribault, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

8/24/2026 Listed $285,000
9/8/2026 4% - $275,000

Property vs Zip Code Average in 56007

Price
AVG $290K
$280K
Taxes
AVG $3,268
$3,326
Year Built
AVG 1951
1964
Visits
AVG 100
455
Data Provided by Inside Real Estate®

Areas That We Cover

1506 Elm Street Albert Lea, MN is a Single Family Home for sale at $275000 with 2584 sqft and a lot size of 0.34 Acres Acre(s). 1506 Elm Street Albert Lea has 5 bedrooms, 2 baths and was built in 1964. The property's zip code is 56007 which is in Albert Lea, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Lori Gustafson

Lori Gustafson

Broker Associate/Sales Agent

507-323-4348

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