Does this property have an HOA?

No, this property does not have a homeowners association.

What are the annual property taxes?

Annual property taxes are $912 (2025).

Does this home have a garage?

Yes, this home has a 1-car garage.

How long has this property been on the market?

This property was listed for 14 days.

Pending

$89,900

$117/sqft

1316 Margaretha Avenue

1316 Margaretha Avenue, Albert Lea, MN, 56007

2 Bedrooms1 Bathroom768 Square Feet0.26 Acres

Days on market14

Year built1938

Garage spaces1

TypeResidential

About this home

Cozy and inviting, this 2+ bedroom property is waiting for it's new owners to make it their own! The main floor features 2 bedrooms, 3/4 bath, galley-style kitchen, large living area, and updated flooring throughout + original woodwork & glass door knobs. The basement offers an additional option for a 3rd bedroom, and great storage or possible bonus room! With a nice deep lot and detached garage/shed, there is so much potential here. Updates include vinyl siding, newer windows and doors, roof, and added insulation in the attic.

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Home facts

Property typeResidential

Property subtypeSingle Family Residence

Year built1938

LevelsOne

Living area768 sqft

Above-grade finished768 sqft

Below-grade finished0 sqft

Lot size0.26 acres (227x50)

Days on market14

ListedFeb 16, 2026

MLS #NST7021100

CountyFreeborn

Parcel #340491400

Facts & features

Interior

Bedrooms: 2
Bathrooms: 1
Bath breakdown: 1 3/4
Heating: Forced Air
Cooling: Central Air
Appliances: Gas Water Heater, Microwave, Range, Refrigerator, Water Softener Owned

Property

Levels / stories: One
Garage: 1 space
Parking features: Detached Garage
Lot size: 0.26 acres
Lot dimensions: 227x50
Lot features: Tree Coverage - Medium

Construction

Property type: Residential
Property subtype: Single Family Residence
Construction materials: Frame
Foundation: 768 sqft
Roof: Asphalt
Year built: 1938

Utilities

Water: City Water/Connected
Sewer: City Sewer/Connected
Fuel: Natural Gas
Electric: Fuses

Community & HOA

HOA: No HOA
School district: Albert Lea

Financial & listing details

Annual tax: $912 (2025)
Listed: Feb 16, 2026
Days on market: 14
Manufactured home: Yes

Interior details

Total bathrooms1

Full baths0

3/4 baths1

Half baths0

1/4 baths0

BasementBlock, Daylight/Lookout Windows, Egress Window(s), Full, Unfinished

HeatingForced Air

CoolingCentral Air

AppliancesGas Water Heater, Microwave, Range, Refrigerator, Water Softener Owned

DiningEat In Kitchen

AmenitiesCeiling Fan(s), Deck, Washer/Dryer Hookup

AccessibilityNone

Special featuresMain Floor Bedroom

Exterior & lot

RoofAsphalt

Foundation area768 sqft

Lot featuresTree Coverage - Medium

Road frontageCity Street, Curbs, Paved Streets

ZoningResidential-Single Family

Utilities

Water sourceCity Water/Connected

SewerCity Sewer/Connected

FuelNatural Gas

Parking & garage

ParkingDetached Garage

Garage spaces1

Garage size0 sqft

Financial details

Annual taxes$912

Tax year2025

Taxes w/ assessments912

Assessment pendingNo

Down payment resourceYes

Lender ownedNo

Short saleNo

ForeclosureNo

Schools

District number1141

District phone5073794800

High schoolAlbert Lea

SODL flat fee brokerage

$0Estimated buyer credit

SODL platform fee $2,697Your buyer credit $0

Buyer-side commission

3.0%

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.

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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

$578/mo

Principal & interest$472

Property taxes$76

Home insurance (est.)$30

Down payment

$17,980

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.