Listed at
$275,000
$106/sqft

Elmwood Terrace Sub

1506 Elm Street, Albert Lea, MN, 56007
5  Bedrooms3  Bathrooms2,584  Square Feet0.34  Acres
Days on market35
Year built1964
Garage spaces2
TypeResidential
Est. $5,250buyer credit when you buy with SODL
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About this home

Looking for a large lot with city amenities and a country feel? Welcome to 1506 Elm St. This 5-bedroom, 3-bath home has plenty of space inside and out. The main level features a large living room with a gas fireplace and a large window overlooking the front yard, a dining room, and a spacious kitchen with access to the deck. Upstairs you’ll find three bedrooms, including the primary bedroom with a private half bath, along with a full bathroom. The walkout lower level offers a family room, two additional bedrooms, and a 3/4 bath, with direct access to the backyard. The basement provides plenty of room for storage or the potential for additional finished space. Outside, the large backyard offers plenty of room to enjoy, along with a shed for additional storage. If you’re looking for some extra space while still being close to everything in town, this one is worth a look. Schedule your showing today!

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Home facts

Property typeResidential
Property subtypeSingle Family
Year built1964
LevelsFour or More Level Split
Living area2,584 sqft
Above-grade finished1,400 sqft
Below-grade finished1,184 sqft
Lot size0.34 acres (108x144)
Days on market35
ListedAug 24, 2026
MLS #NST7128574
CountyFreeborn
SubdivisionElmwood Terrace Sub
Parcel #344600130

Facts & features

Interior

Bedrooms
5
Bathrooms
3
Bath breakdown
1 full / 1 3/4 / 1 half
Heating
Forced Air
Cooling
Central Air
Appliances
Dishwasher, Disposal, Dryer, Water Filtration System, Microwave, Range, Refrigerator, Washer, Water Softener Owned

Property

Levels / stories
Four or More Level Split
Garage
2 spaces · 20x26 · 520 sqft
Parking features
Attached Garage, Concrete, Electric, Garage Door Opener
Patio & porch
Deck
Exterior features
Stone, Wood
Pool
None

Construction

Property type
Residential
Property subtype
Single Family
Construction materials
Block, Frame
Foundation
Block · 1,352 sqft
Roof
Age Over 8 Years
Year built
1964

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
241 - Albert Lea
High school district
Albert Lea

Financial & listing details

Annual tax
$3,326 (2026)
Tax with assessments
3396
Listed
Aug 24, 2026
Days on market
35
Manufactured home
Yes

Interior details

Total bathrooms3
Full baths1
3/4 baths1
Half baths1
1/4 baths0
BasementBlock, Unfinished
HeatingForced Air
CoolingCentral Air
Fireplaces1
LaundryIn Basement, Electric Dryer Hookup, Washer Hookup
AppliancesDishwasher, Disposal, Dryer, Water Filtration System, Microwave, Range, Refrigerator, Washer, Water Softener Owned
DiningLiving/Dining Room
AmenitiesCeiling Fan(s), Deck, Kitchen Window
AccessibilityNone
Special features3 BR on One Level, Primary Bdr Suite

Exterior & lot

ExteriorStone, Wood
RoofAge Over 8 Years
FoundationBlock
Foundation area1,352 sqft
Patio/porchDeck
Lot featuresTree Coverage - Medium
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, Electric, Garage Door Opener
Garage spaces2
Garage size520 sqft

Financial details

Annual taxes$3,326
Tax year2026
Taxes w/ assessments3396
Assessment pendingNo
Down payment resourceYes
Lender ownedNo
Short saleNo
ForeclosureNo

Schools

District241 - Albert Lea
District number241
District phone5073794800
High schoolAlbert Lea
SODL flat fee brokerage
$5,250Estimated buyer credit
SODL platform fee $3,000Your buyer credit $5,250

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

$1,814/mo
Principal & interest$1,445
Property taxes$277
Home insurance (est.)$92
%
$55,000
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

1506 Elm Street, Albert Lea, MN, 56007

Listing information

MLS #NST7128574
StatusActive
Last updatedSep 8, 2026, 4:24 PM
Originally listedAug 24, 2026, 9:43 AM
Listing officeRe/Max Advantage Plus

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.