Date
Details
Price
Change
Source
1/15/2026
Listed
$229,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$229,000 Just Listed
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Property Description
This welcoming split-level home offers three bedrooms on the upper level, including a comfortable primary suite, along with 2.5 bathrooms to give everyone plenty of space. Located near Fountain Lake, the home features a den/office with a fireplace and a relaxed lower-level family room that's perfect for movie nights or spending time with friends. The property sits on a generous quarter-acre lot and is ideally located close to parks, the city beach, the Blue Zone walking trail, and a nearby golf course. Outside, you'll love the large yard and deck-ideal for barbecues, kids, or simply enjoying the outdoors. A double garage and practical layout make this home an easy, comfortable place to call home. This home has been a 5 star Air Bnb vacation home for the last two years, the cleaning and management team is in place to keep this home as a income producing investment.
Full Property Details
Full Property Details for 1116 Lakewood Ave
General
- Price: $229,000
- Taxes: $2,930 (2025)
- Status: Active
- Type: Single Family
- Source: NorthStarMLS_RMLS
- MLS ID: 7009488
- Updated: 1/17/2026
- Added to Site: 3 day(s) ago
Interior
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Gas
- Appliances: Dishwasher, Disposal, Gas Water Heater, Microwave, Range, Refrigerator, Washer
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 1
- 3/4 Bathrooms: 1
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Dining Room: Informal Dining Room, Kitchen/Dining Room
- Formal Dining Room: Informal Dining Room, Kitchen/Dining Room
- Laundry: In Basement, Washer Hookup, In Basement, Washer Hookup
Additional Information
- Amenities: Deck, Washer/Dryer Hookup
Exterior
- Porch/Patio/Deck: Composite Decking
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 2
- Parking Features: Attached Garage, Concrete, Garage Door Opener
Location
- County: Freeborn
- Township: Albert Lea
- Subdivision: Stovern & Myre Sub
- Driving Directions: Bridge Ave Albert Lea, MN 56007 Head toward 220th St/E Hammer Rd 0.9 mi Turn right onto E Richway Dr 0.5 mi Turn left onto Lakewood Ave Destination will be on the left.
School Information
- School District: 1141 - Albert Lea
- High School District: Albert Lea
Heating & Cooling
- Central air: Yes
- Cooling Type: Central Air
- Heating Type: Baseboard
- Heating Fuel: Natural Gas
Utilities
- Sewer: City Sewer Connected
- Water: City Water (Connected)
Structural Information
- Basement: Yes
- Basement Desc.: Block
- Foundation Size: 1300
- Roof: Age Over 8 Years
- Disability Access: None
- Square Feet: 1,830
- Above Ground: 1,440 Sq. Ft.
- Below Ground: 1,300 Sq. Ft.
- Year Built: 1971
Lot Features
- Lot Size (Acres): 10,787
- Lot Dimensions: 160 x 67
- Frontage: City Street
- Zoning: Residential-Single Family
- Lot Description: Light Tree Coverage
Financial Considerations
- Tax Amount: $2,930
- Tax Year: 2025
Disclosures and Reports
- Legal Description: STOVERN & MYRE SUBDIVISION LOT-006 LOT 6 STOVERN & MYRE SUB
- Property ID: 342500060
Listed by Coldwell Banker River Valley, REALTORS
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— 1116 Lakewood Ave —
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NMLS#: 1598647
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Schools
Schools serving 1116 Lakewood Ave
School District:Albert Lea Public School District
| Name | Grades | Distance |
|---|---|---|
Hawthorne Elementary School 1000 East Hawthorne Street, Albert Lea, MN 56007 | K-5 | 0.6 mi |
Albert Lea Senior High School 2000 Tiger Lane, Albert Lea, MN 56007 | 8-12 | 1.4 mi |
Southwest Middle School 1601 West Front Street, Albert Lea, MN 56007 | 6-7 | 1.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1116 Lakewood Ave
Tax History
Tax History for 1116 Lakewood Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,998
2%
$228,900
20%
2023
$2,926
-7%
$190,700
-1%
2023
$3,152
20%
$191,700
-14%
2020
$2,624
—
$221,700
28%
2020
$2,624
—
$173,700
5%
2020
$2,624
18%
$164,800
14%
2019
$2,224
-3%
$145,100
100%
2018
$2,298
13%
100%
2016
$2,038
—
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1116 Lakewood Ave
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- Single Family
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- 2,016Sq. Ft.
Listed by Century 21 Atwood
Sold by Century 21 Atwood
Sold by Century 21 Atwood
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Sold by Real Broker, LLC.
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Sold by Real Broker, LLC.
Sold by Real Broker, LLC.
1116 Lakewood Avenue, Albert Lea, MN 56007 (MLS# 7009488) is a Single Family property with 3 bedrooms, 1 full bathroom and 2 partial bathrooms. 1116 Lakewood Avenue is currently listed for $229,000 and was received on January 15, 2026. Want to learn more about 1116 Lakewood Avenue? Do you have questions about finding other Single Family real estate for sale in Albert Lea? You can browse all Albert Lea real estate or contact a Coldwell Banker agent to request more information.