Pending
$229,000
$125/sqft

Stovern & Myre Sub

1116 Lakewood Avenue, Albert Lea, MN, 56007
3  Bedrooms3  Bathrooms1,830  Square Feet10787  Acres
Days on market13
Year built1971
Garage spaces2
TypeResidential
Est. $3,870buyer credit when you buy with SODL

About this home

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.

Contact us

Home facts

Property typeResidential
Property subtypeSingle Family Residence
Year built1971
LevelsSplit Entry (Bi-Level)
Living area1,830 sqft
Above-grade finished1,440 sqft
Below-grade finished390 sqft
Lot size10787 acres (160x67)
Days on market13
ListedJan 15, 2026
MLS #NST7009488
CountyFreeborn
SubdivisionStovern & Myre Sub
Parcel #342500060

Facts & features

Interior

Bedrooms
3
Bathrooms
3
Bath breakdown
1 full / 1 3/4 / 1 half
Heating
Baseboard
Cooling
Central Air
Appliances
Dishwasher, Disposal, Gas Water Heater, Microwave, Range, Refrigerator, Washer

Property

Levels / stories
Split Entry (Bi-Level)
Garage
2 spaces · 550 sqft
Parking features
Attached Garage, Concrete, Garage Door Opener
Patio & porch
Composite Decking
Lot size
10787 Square Feet
Lot dimensions
160x67

Construction

Property type
Residential
Property subtype
Single Family Residence
Foundation
1,300 sqft
Roof
Age Over 8 Years
Year built
1971

Utilities

Water
City Water/Connected
Sewer
City Sewer/Connected
Fuel
Natural Gas
Electric
Circuit Breakers

Community & HOA

Subdivision
Stovern & Myre Sub
HOA
No HOA
School district
Albert Lea

Financial & listing details

Annual tax
$2,930 (2025)
Tax with assessments
2998
Listed
Jan 15, 2026
Days on market
13
Manufactured home
Yes

Interior details

Total bathrooms3
Full baths1
3/4 baths1
Half baths1
1/4 baths0
BasementBlock
HeatingBaseboard
CoolingCentral Air
Fireplaces1
LaundryIn Basement, Washer Hookup
AppliancesDishwasher, Disposal, Gas Water Heater, Microwave, Range, Refrigerator, Washer
DiningInformal Dining Room, Kitchen/Dining Room
AmenitiesDeck, Washer/Dryer Hookup
AccessibilityNone

Exterior & lot

RoofAge Over 8 Years
Foundation area1,300 sqft
Patio/porchComposite Decking
Lot featuresTree Coverage - Light
Road frontageCity Street
Road responsibilityPublic Maintained Road
ZoningResidential-Single Family

Utilities

Water sourceCity Water/Connected
SewerCity Sewer/Connected
FuelNatural Gas

Parking & garage

ParkingAttached Garage, Concrete, Garage Door Opener
Garage spaces2
Garage size550 sqft

Financial details

Annual taxes$2,930
Tax year2025
Taxes w/ assessments2998
Assessment pendingNo
Down payment resourceYes
Lender ownedNo
Short saleNo
ForeclosureNo

Schools

District number1141
District phone5073794800
High schoolAlbert Lea
SODL flat fee brokerage
$3,870Estimated buyer credit
SODL platform fee $3,000Your buyer credit $3,870

How SODL buyer credits work

When you buy with SODL, the brokerage charges a flat $3,000 platform fee at closing. The remaining buyer-side commission (typically 3% of the purchase price) is credited directly back to you at closing, reducing the cash you bring to the table.

  • Tour homes with SODL’s flexible showing network
  • Submit offers and manage your transaction through the platform
  • Keep more money at closing through transparent flat-fee pricing

A clear, modern way to buy with expert guidance and meaningful savings.

Estimated monthly payment

$1,524/mo
Principal & interest$1,203
Property taxes$244
Home insurance (est.)$76
%
$45,800
0%50%
Credit score
Loan term

These payment estimates are for illustration purposes only and may vary based on your lender, interest rate, credit profile, down payment, taxes, insurance, and loan terms. For a more accurate monthly payment estimate, speak with your lender or connect with SODL’s preferred lending partner.

Location

1116 Lakewood Avenue, Albert Lea, MN, 56007

Comparable homes

Listing information

MLS #NST7009488
StatusPending
Last updatedFeb 10, 2026, 7:34 AM
Originally listedJan 16, 2026, 1:06 PM
Listing officeColdwell Banker River Valley, REALTORS

Listing information provided courtesy of the MLS. This information is deemed reliable but is not guaranteed.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.