NOT LISTED FOR SALE

412 SW 2nd St Madison, SD 57042

Madison Area

Estimated Value: $89,000 - $99,000

4 Beds
1 Bath
1,280 Sq Ft
$72/Sq Ft Est. Value

About This Home

Investment opportunity in Madison! This four-bedroom, one-bathroom residence offers opportunity for rental income or value-add renovation. The home features convenient main-floor laundry and a functional layout. Located just a short distance from downtown, the property provides easy access to shopping, dining, and local amenities—an appealing option for tenants. Property is being sold AS IS.

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Madison, SD

  • David Shelton Real Estate Agent - CENTURY 21 Advantage

    David Shelton

    Responds Quickly

    CENTURY 21 Advantage

    (605) 250-1294

    173 Total Sales

    1 in Madison

    $125,000 Price

    David Shelton
     Section Image
  • Lacie Packard Real Estate Agent - Keller Williams Realty Sioux Falls

    Lacie Packard

    Keller Williams Realty Sioux Falls

    (605) 501-6219

    156 Total Sales

    1 in Madison

    $304,000 Price

    Lacie Packard
     Section Image
  • Sarah Cronin Real Estate Agent - Signature Realty Group LLC

    Sarah Cronin

    Signature Realty Group LLC

    (605) 636-8973

    94 Total Sales

    67 in Madison

    $5K - $695K Price Range

    Sarah Cronin
     Section Image
  • Anne Ferrell Real Estate Agent - Jamison Company Real Estate

    Anne Ferrell

    Responds Quickly

    Jamison Company Real Estate

    (605) 800-7380

    71 Total Sales

    1 in Madison

    $292,500 Price

    Anne Ferrell
     Section Image
  • Angela Peters Real Estate Agent - EXIT Realty Advantage

    Angela Peters

    EXIT Realty Advantage

    (605) 550-8467

    148 Total Sales

    90 in Madison

    $5K - $570K Price Range

    Angela Peters
     Section Image
  • Shaina Goedtke Real Estate Agent - Keller Williams Realty Sioux Falls

    Shaina Goedtke

    Keller Williams Realty Sioux Falls

    (605) 640-6030

    220 Total Sales

    2 in Madison

    $304K - $380K Price Range

    Shaina Goedtke
     Section Image
See All Agents

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/30/2026 07/30/26 Price Changed $75,000 -6.1% $59 / Sq Ft
07/07/2026 07/07/26 Price Changed $79,900 -11.1% $62 / Sq Ft
06/04/2026 06/04/26 Price Changed $89,900 -10.0% $70 / Sq Ft
02/25/2026 02/25/26 For Sale $99,900 -- $78 / Sq Ft

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,105 $60,800 $12,500 $48,300
2024 $1,064 $60,800 $12,500 $48,300
2023 $890 $56,900 $10,900 $46,000
2022 $880 $44,900 $8,100 $36,800
2021 $848 $36,900 $6,200 $30,700
2020 $762 $36,900 $6,200 $30,700
2019 $760 $31,900 $5,200 $26,700
2018 $776 $31,900 $5,200 $26,700
2017 $776 $31,900 $5,200 $26,700
2016 -- $31,900 $5,200 $26,700
2013 -- $25,700 $4,700 $21,000
Source: Public Records

Agents Affiliated with this Home

  • Julie Jones Real Estate Agent - Signature Realty Group LLC

    Seller's Agent in 2026

    Julie Jones

    Signature Realty Group LLC

    (605) 270-9715

    147 Total Sales

    Julie Jones
    Section Image
  • Lori Hansen Real Estate Agent - Signature Realty Group LLC

    Seller Co-Listing Agent in 2026

    Lori Hansen

    Signature Realty Group LLC

    (605) 553-4638

    200 Total Sales

    Lori Hansen
    Section Image
See All Agents

Map

South Dakota Lake County Madison 57042

412 SW 2nd St, Madison, SD

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.