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 $3,095 (2025).

Does this home have a garage?

Yes, this home has a 2-car garage.

How long has this property been on the market?

This property has been listed for 223 days.

Listed at

$219,900

$124/sqft

Elmwood Terrace Sub

1503 Elm Street, Albert Lea, MN, 56007

3 Bedrooms1 Bathroom1,770 Square Feet0.42 Acres

Days on market223

Year built1961

Garage spaces2

TypeResidential

Est. $3,597buyer credit when you buy with SODL

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About this home

Take a look at this 3 bedroom home with a heated double stall garage. You can move right in as this house has been completely renovated including carpet, paint, bathroom, and finishing of the basement. The basement has endless storage, a family room and a bonus room/office. Enjoy relaxing outside on the cement patio in your big fenced in backyard. Take a look today!

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Home facts

Property typeResidential

Property subtypeSingle Family Residence

Year built1961

LevelsOne

Living area1,770 sqft

Above-grade finished1,429 sqft

Below-grade finished341 sqft

Lot size0.42 acres (145x140)

Days on market223

ListedFeb 17, 2026

MLS #NST7022778

CountyFreeborn

SubdivisionElmwood Terrace Sub

Parcel #344610110

Facts & features

Interior

Bedrooms: 3
Bathrooms: 1
Bath breakdown: 1 3/4
Heating: Forced Air
Cooling: Central Air
Laundry: In Garage

Property

Levels / stories: One
Garage: 2 spaces · 24x21 · 504 sqft
Parking features: Attached Garage
Fencing: Chain Link, Full
Lot size: 0.42 acres
Lot dimensions: 145x140

Construction

Property type: Residential
Property subtype: Single Family Residence
Construction materials: Block
Foundation: 1,429 sqft
Year built: 1961

Utilities

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

Community & HOA

Subdivision: Elmwood Terrace Sub
HOA: No HOA
School district: Albert Lea

Financial & listing details

Annual tax: $3,095 (2025)
Tax with assessments: 4222
Listed: Feb 17, 2026
Days on market: 223 · 7 cumulative
Manufactured home: Yes

Interior details

Total bathrooms1

Full baths0

3/4 baths1

Half baths0

1/4 baths0

BasementFinished, Full

HeatingForced Air

CoolingCentral Air

LaundryIn Garage

DiningEat In Kitchen

AmenitiesCeiling Fan(s), Kitchen Center Island, Main Floor Primary Bedroom, Patio

AccessibilityWheelchair Ramp(s)

Special features3 BR on One Level, All Living Facilities on One Level, Main Floor Primary, Main Floor Laundry, Renovated

Exterior & lot

Foundation area1,429 sqft

Lot featuresCorner Lot

ZoningResidential-Single Family

Utilities

Water sourceCity Water/Connected

SewerCity Sewer/Connected

FuelNatural Gas

Parking & garage

ParkingAttached Garage

Garage spaces2

Garage size504 sqft

Financial details

Annual taxes$3,095

Tax year2025

Taxes w/ assessments4222

Assessment pendingNo

Down payment resourceYes

Lender ownedNo

Short saleNo

ForeclosureNo

Schools

District number1141

District phone5073794800

High schoolAlbert Lea

SODL flat fee brokerage

$3,597Estimated buyer credit

SODL platform fee $3,000Your buyer credit $3,597

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.

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

$1,487/mo

Principal & interest$1,156

Property taxes$258

Home insurance (est.)$73

Down payment

$43,980

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.

Location

1503 Elm Street, Albert Lea, MN, 56007

Street View

Listing information

MLS #NST7022778

StatusPending

Last updatedFeb 24, 2026, 7:34 PM

Originally listedFeb 17, 2026, 3:07 PM

Listing officeRobert Hoffman Realty Inc.

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