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 $6,136 (2026).

What school district is this property in?

This property is in the 241 - Albert Lea school district.

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 15 days.

Listed at

$471,000

$134/sqft

Lakeview Terrace Sub

2502 S Shore Drive, Albert Lea, MN, 56007

6 Bedrooms4 Bathrooms3,520 Square Feet0.75 Acres

Days on market15

Year built1966

Garage spaces2

TypeResidential

Est. $11,130buyer credit when you buy with SODL

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About this home

Rare direct Lakeshore. Grow old with this spectacular home with many updates and amenities. All one level living. See so much wildlife to enjoy peace and tranquility.

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Home facts

Property typeResidential

Property subtypeSingle Family

Year built1966

LevelsOne

Living area3,520 sqft

Above-grade finished1,760 sqft

Below-grade finished1,760 sqft

Lot size0.75 acres (Irreg)

Days on market15

ListedJun 12, 2026

MLS #NST7092923

CountyFreeborn

SubdivisionLakeview Terrace Sub

Parcel #343400010

Facts & features

Interior

Bedrooms: 6
Bathrooms: 4
Bath breakdown: 2 full / 2 half
Heating: Forced Air
Cooling: Central Air
Appliances: Dishwasher, Double Oven, Dryer, Exhaust Fan, Humidifier, Microwave, Range, Refrigerator, Washer, Water Softener Owned

Property

Levels / stories: One
Garage: 2 spaces · 528 sqft
Parking features: Attached Garage, Garage Door Opener
Exterior features: Wood
Waterfront: Lake Front
Lot size: 0.75 acres

Construction

Property type: Residential
Property subtype: Single Family
Foundation: Block · 1,760 sqft
Year built: 1966

Utilities

Water: City Water/Connected, Well
Sewer: City Sewer/Connected
Fuel: Natural Gas

Community & HOA

Subdivision: Lakeview Terrace Sub
HOA: No HOA
School district: 241 - Albert Lea
High school district: Albert Lea

Financial & listing details

Annual tax: $6,136 (2026)
Tax with assessments: 6206
Listed: Jun 12, 2026
Days on market: 15 · 3 cumulative
Manufactured home: Yes

Interior details

Total bathrooms4

Full baths2

3/4 baths0

Half baths2

1/4 baths0

BasementBlock, Daylight/Lookout Windows, Egress Window(s), Finished, Full, Storage Space, Sump Pump, Walkout

HeatingForced Air

CoolingCentral Air

Fireplaces1

AppliancesDishwasher, Double Oven, Dryer, Exhaust Fan, Humidifier, Microwave, Range, Refrigerator, Washer, Water Softener Owned

AmenitiesDeck, Dock, Hardwood Floors, Kitchen Center Island, Kitchen Window, Main Floor Primary Bedroom, Panoramic View, Tile Floors, Washer/Dryer Hookup

AccessibilityStair Chair Lift, Soaking Tub

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

Exterior & lot

ExteriorWood

FoundationBlock

Foundation area1,760 sqft

ZoningResidential-Single Family

Utilities

Water sourceCity Water/Connected, Well

SewerCity Sewer/Connected

FuelNatural Gas

Parking & garage

ParkingAttached Garage, Garage Door Opener

Garage spaces2

Garage size528 sqft

Financial details

Annual taxes$6,136

Tax year2026

Taxes w/ assessments6206

Assessment pendingNo

Lender ownedNo

Short saleNo

ForeclosureNo

Schools

District241 - Albert Lea

District number241

District phone5073794800

High schoolAlbert Lea

SODL flat fee brokerage

$11,130Estimated buyer credit

SODL platform fee $3,000Your buyer credit $11,130

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

$3,144/mo

Principal & interest$2,475

Property taxes$511

Home insurance (est.)$157

Down payment

$94,200

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

2502 S Shore Drive, Albert Lea, MN, 56007

Street View

Listing information

MLS #NST7092923

StatusClosed

Last updatedJul 1, 2026, 4:36 PM

Originally listedJun 15, 2026, 9:50 AM

Listing officeColdwell Banker River Valley, REALTORS

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