615 Grace Street, Albert Lea, MN 56007 (MLS# 7123045)

615 Grace Street, Albert Lea, MN 56007

New Listing
$389,500
Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 2,848 Lot Size (sq. ft.): 7,405 Status: Active
Current Price: $389,500 List Date: 8/18/2026 Last Modified: 8/19/2026

Overview

Description

Fountain Lake living at its finest! This charming 3-bedroom lake home offers incredible views and the rare convenience of a dedicated dock space, making it easy to enjoy everything the lake has to offer. The home features seamless steel siding and a newer roof and windows for lasting durability and peace of mind. A spacious heated 3-car garage is an exceptional find for a lake property, providing plenty of room for vehicles, lake toys, and storage. Inside, character and thoughtful updates blend beautifully with restored hardwood floors, beamed ceilings, and a cozy gas fireplace. Whether you're relaxing by the fireplace, taking in the stunning lake views, or heading out to the water, this property offers the perfect combination of classic charm, modern updates, and exceptional lake-living amenities.

Listing Details MLS# 7123045

General Property Information

Common Wall
No
Lot Measurement
Acres
Manufactured Home?
No
Multiple PIDs?
No
New Development
No
Number of Fireplaces
Yes
Road Btwn WF & Home?
Yes
Waterfront YN
Yes
Year Built
1926
Yearly/Seasonal
Yearly
Zoning
Residential-Single Family
Bath Full
Yes
Bath Half
Yes
Main Floor Total SqFt
1032
Above Grd Total SqFt
1816
Below Grd Total SqFt
1032
Total SqFt
2848
Total Finished Sqft
1832.00
FireplaceYN
Yes
Lake/Waterfront Name
Fountain
Style
(SF) Single Family
Foundation Size
1032
Garage Stalls
3
Lot Dimensions
55.5 x 135
Acres
0.17
Assessment Pending
No
Bath Three Quarters
0
Bath Quarter
0
Association Fee
0

Property Features

Accessible: None Air Conditioning: Window Unit(s) Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer Basement: Full Bath Description: Upper Level Full Bath; 1/2 Basement Construction Materials: Frame Construction Status: Previously Owned Dining Room Description: Eat In Kitchen; Separate/Formal Dining Room Exterior: Steel Siding Fireplace Characteristics: Gas Burning; Living Room Foundation: Brick/Mortar; Concrete Block Fuel: Natural Gas Heating: Boiler; Hot Water Internet Options: Cable; Fiber Optic Laundry: Lower Level Lock Box Type: Supra Lot Description: Accessible Shoreline Pool Description: None Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less; Asphalt Shingles Sewer: City Sewer/Connected Special Search: 3 BR on One Level Stories: Two Water: City Water/Connected Waterfront Type: Lake Front Waterfront View: Lake

Contract Information

Contingency
None
Original List Price
389500
ListPrice
389500
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
615
Street Name
Grace
Street Suffix
Street
Postal City
Albert Lea
County
Freeborn
State
MN
Zip Code
56007
Complex/Dev/Subdivision
Lakeview Add

Assessments

Tax With Assessments
5300
Assessment Balance
0
Assessment Installment
0

Building Information

Finished SqFt Above Ground
1816
Finished SqFt Below Ground
16

More Information

Lake Details

Lake Acres
521
Lake Depth
14

Lease Details

Land Leased
Not Applicable

Lock Box Type

Lock Box Source
SEMR
Supra
Yes

Miscellaneous Information

DP Resource
Yes
Homestead
Yes

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Dimensions
36 x 24
Garage Square Feet
864

Office/Member Info

Association
SEMR

Location, Tax and Other Information

AssocFeeYN
No
Legal Description
LAKEVIEW ADDITION COM AT PT ON S LINE GRACE ST, SD PT BEING 532.25 FT W OF INTERSECTION OF S LINE GRACE ST & W LINE PARK AVE TH S 135 FT W 0.75 FT TH W 55.78 FT TH N 135 FT TO S LINE GRACE ST TH E ALG S LINE GRACE ST 55.78 FT TH E 0.75 FT TO POB BEING PT LOTS 8 & 9 BLK 2 LAKEVIEW ADDN
Listing City
Albert Lea
Map Page
999
Municipality
Albert Lea
School District
Albert Lea
School District Phone
507-379-4800
DNR Lake ID#
24001800
DNR Lake Classification
Not Applicable
Zip Plus 4
2466
Property ID Number
341220310
Tax Year
2026
Tax Amount
5300
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Fountain Lake living at its finest! This charming 3-bedroom lake home offers incredible views and the rare convenience of a dedicated dock space, making it easy to enjoy everything the lake has to offer. The home features seamless steel siding and a newer roof and windows for lasting durability and peace of mind. A spacious heated 3-car garage is an exceptional find for a lake property, providing plenty of room for vehicles, lake toys, and storage. Inside, character and thoughtful updates blend beautifully with restored hardwood floors, beamed ceilings, and a cozy gas fireplace. Whether you're relaxing by the fireplace, taking in the stunning lake views, or heading out to the water, this property offers the perfect combination of classic charm, modern updates, and exceptional lake-living amenities.
Directions
From Fountain Street, 1 block West of Hospital, turn North on Park Ave and then West (Left) on Grace St, home will be on the left.

Accessible

None
Yes

Air Conditioning

Window Unit(s)
Yes

Appliances

Dishwasher
Yes
Dryer
Yes
Range
Yes
Refrigerator
Yes
Washer
Yes

Basement

Full
Yes

Bath Description

Upper Level Full Bath
Yes
1/2 Basement
Yes

Construction Materials

Frame
Yes

Construction Status

Previously Owned
Yes

Dining Room Description

Eat In Kitchen
Yes
Separate/Formal Dining Room
Yes

Exterior

Steel Siding
Yes

Fireplace Characteristics

Gas Burning
Yes
Living Room
Yes

Foundation

Brick/Mortar
Yes
Concrete Block
Yes

Fuel

Natural Gas
Yes

Heating

Boiler
Yes
Hot Water
Yes

Insurance Fee

Insurance Fee
0

Internet Options

Cable
Yes
Fiber Optic
Yes

Laundry

Lower Level
Yes

Lot Description

Accessible Shoreline
Yes

Patio, Porch and Deck Features

Deck
Yes

Pool Description

None
Yes

Road Frontage

City Street
Yes

Road Responsibility

Public Maintained Road
Yes

Roof

Age 8 Years or Less
Yes
Asphalt Shingles
Yes

Sewer

City Sewer/Connected
Yes

Special Search

3 BR on One Level
Yes

Stories

Two
Yes

Water

City Water/Connected
Yes

Waterfront Type

Lake Front
Yes

Waterfront View

Lake
Yes

Room Information

Room Name Dimensions Level
Dining Room 14 x 12.5 Main
First (1st) Bedroom 12 x 12 Upper
Kitchen 8 x 12 Main
Recreation Room 21 x 13 Lower
Second (2nd) Bedroom 11 x 15 Upper
Sun Room 9 x 14 Main
Third (3rd) Bedroom 11 x 11 Upper
IDX
Listing Office: Coldwell Banker River Valley, REALTORS
Last Updated: August - 19 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.