Lori Gustafson

306 E 3rd Street

Albert Lea, MN
$ 199,900 Beds 3 Baths 1.5 Sq 980
Monthly Estimate* How much can I afford?

A charming home with plenty to offer! This spacious 3 bedroom, 2 bathroom home is full of character and has been meticulously maintained. Features include a formal dining room, fully applianced kitchen, all 3 bedrooms and a full bath on the upper level, plus a main-level porch and 3/4 bath with laundry in the basement. The basement also offers a bonus office/den for added flexibility. Enjoy the newer roof, permanent siding, large back deck, oversized 2 stall garage and storage shed. Solar panels help keep electric costs extremely low! Ideally located within two blocks of beautiful Albert Lea Lake and the Blazing Star Trail. Don’t miss this great opportunity!

Single Family

  • Price
  • $ 199,900
  • City
  • Albert Lea
  • Bedrooms
  • 3
  • Full Bathrooms
  • 1
  • County
  • FREEBORN
  • Half Bathrooms
  • 1
  • Area
  • Halls Add
  • Lot Size
  • 0.133 Acres
  • Zip
  • 56007
  • Sqr Footage
  • 980
  • Year Built
  • 1908
  • Taxes
  • $ 1586
  • Style
  • Single Family
  • MLS#
  • 7139503
Listed By: Worth Clark Realty
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 980
Sewer City Sewer - In Street
Heating Forced Air
Cooling Central Air
Appliances Dishwasher,Dryer,Range,Refrigerator,Washer
Garage Spaces 2
Year Built 1908
Levels Two
Property Subtype Single Family
Tax Year 2026
Accessibility None
County Freeborn
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Halls Add
Full Baths 1
Directions From downtown Albert Lea,a simple route is: Head south on S Broadway Ave. Turn east onto E 3rd St. Continue east on E 3rd St to 306 E 3rd St. The property will be on your right. Destination: 306 E
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 1586
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
Amenities Unit Ceiling Fan(s),Hardwood Floors,Washer/Dryer Hookup
PostalCity Albert Lea

Interior Features

Basement Block
Basement (Y/N) Yes
Fireplace Y/N No
Above Grade Finished Area 948
Half Baths 1
Total Bedrooms 3
Below Grade Finished Area 32
Total Baths 2
Bath Desc 1/2 Basement,Upper Level Full Bath
Foundation Dimensions 948
Fuel Natural Gas
Garage Square Feet 528

Exterior Features

Parking Features Detached Garage
Water Source City Water - In Street
Lot Size Area 0.133
Building Area Total 1588
Lot Dimensions 44x131
Waterfront Y/N No
Foundation Area 948

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

9/5/2026 Listed $199,900

Property vs Zip Code Average in 56007

Price
AVG $280K
$200K
Taxes
AVG $3,249
$1,586
Year Built
AVG 1951
1908
Visits
AVG 99
26
Data Provided by Inside Real Estate®

Areas That We Cover

306 E 3rd Street Albert Lea, MN is a Single Family Home for sale at $199900 with 980 sqft and a lot size of 0.133 Acres Acre(s). 306 E 3rd Street Albert Lea has 3 bedrooms, 1 baths and was built in 1908. 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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