This is the same composition as the piece for Richard Wagner, reflecting the full name of the composer. It remains a charming, lyrical miniature that captures the Romantic salon aesthetic.
The primary challenge is maintaining a singing, operatic tone in the right hand while balancing the delicate, flowing accompaniment.
Comparable difficulty and character — good candidates for what to learn next.
Albumblatt für Frau Betty Schott, WWV108 is rated Henle level 4 of 9 — intermediate repertoire, roughly ABRSM grades 5–6. In the RCM system it corresponds to about level 6.
You should be comfortable at Henle level 4 — meaning you can already play level 3–4 pieces cleanly. Learning it one level early is possible as a stretch piece, but more than that usually leads to months of frustration.
A typical performance of Albumblatt für Frau Betty Schott, WWV108 lasts about 3 minutes.
Albumblatt für Frau Betty Schott, WWV108 is available as free public-domain sheet music on IMSLP — the score is linked directly from this page.
Pieces at a comparable difficulty and character include Albumblatt für Frau Betty Schott by Wilhelm Richard Wagner, Bright Eyes by Florence Price, Albumblatt für Clara Schumann by Johannes Brahms — see the full similar-pieces list on this page.