NOT LISTED FOR SALE

422 1st St SE Madelia, MN 56062

Estimated Value: $229,000 - $249,000

3 Beds
1 Bath
1,960 Sq Ft
$122/Sq Ft Est. Value

Last Sold August 11, 2020

Last sale price $173,500 $89 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $1,557/month

81 Days on Market

Highlights

  • Deck
  • 3 Car Detached Garage
  • Forced Air Heating and Cooling System
  • Ranch Style House
  • Bathroom on Main Level
  • Partially Fenced Property

About This Home

As of August 2020

This is a large shady lot with a lot of extras in Madelia, located on a residential hard surface street with a 3 bedroom, one story rambler with many updates and a large 40' x 40' shop. Home has updated kitchen, large eating area, large living area, 3 bedrooms, a bath, patio doors to an outside deck. Shop is adjacent to the house and is insulated, has a furnace, electric service, has a large back yard with new fence on one side, and hedge on backside, must see to appreciate!

Last Agent to Sell the Property

Tom Mayberry

MAYBERRY REALTY License #70506 Listed on: 04/06/2020

Last Buyer's Agent

Tom Mayberry

MAYBERRY REALTY License #70506 Listed on: 04/06/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,162

Year Built

  • 1960

Lot Details

  • 0.73 Acre Lot
  • Lot Dimensions are 145.5' x 214.5'
  • Partially Fenced Property

Home Design

  • 1,960 Sq Ft Home
  • Ranch Style House
  • Brick Exterior Construction
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level
  • 1 Full Bathroom

Unfinished Basement

  • Partial Basement
  • Block Basement Construction

Parking

  • 3 Car Detached Garage
  • Driveway

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 17.226.0190

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,162

Year Built

1960

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Classification: Homestead
  • Style: Ranch/Rambler (L)
  • Amenities Exterior: Deck, Driveway - Concrete, Fenced Yard - Partial
  • Estimated Number of Acres: 0.73
  • Assessment Balance: 35
  • Assessments: Yes
  • Foundation Size: 1960
  • L V T Date: 04/08/2020
  • Mechanicals: Water Heater-Gas, Water Softener-None, Circuit Breaker
  • Parcel Number: 17.226.0190
  • Price Per Square Foot: 53
  • Projected Closed Date: 08/07/2020
  • Sold Price Per Sq Ft: 54
  • Stories: 1 Story
  • Taxes With Assessments: 1976
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1960

Interior Features

  • Total Bedrooms: 3
  • Bathroom Description: Main Floor Full Bath
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Room 1: Living Room, 13'6"x17'4", On Level: Main
  • Room 2: Dining Room, 10'5"x11', On Level: Main
  • Room 3: Kitchen, 10'5"x11', On Level: Main
  • Room 4: Bedroom, 11'x13', On Level: Main
  • Room 5: Bedroom, 9'4"x11'2", On Level: Main
  • Room 6: Deck, 10'x15', On Level: Main
  • Basement Features: Unfinished
  • Basement Material: Concrete Block
  • Basement Style: Partial
  • Finished Above Grade Sq Ft: 1960
  • Tot Above Grade Sq Ft: 1960
  • Total Fin Square Footage: 1960
  • Total Square Footage: 3184
  • Tot Below Grade Sq Ft: 1224

Exterior Features

  • Frontage Road: City
  • Construction Type: Frame/Wood
  • Exterior: Brick, Vinyl
  • Roof: Asphalt Shingles

Garage/Parking

  • Garage Type: Detached
  • Garage Capacity: 3

Utilities

  • Cooling: Central
  • Fuel: Natural Gas
  • Heat: Forced Air
  • Sewer: City
  • Water: City

Schools

  • School District: St. James #840

Lot Info

  • Estimated Lot Dimensions: 145.5' x 214.5'

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2020
Closed on
Aug 12, 2020
Sold by
Raatz Jessica Jessica
Bought by
Richards Daniel Daniel
Seller's Agent
Tom Mayberry
MAYBERRY REALTY
Buyer's Agent
Tom Mayberry
MAYBERRY REALTY
List Price
$167,500
Sold Price
$173,500
Premium/Discount to List
$6,000
3.58%
Current Estimated Value
$239,011

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,511
Avg. Annual Appreciation
6.25%
Original Mortgage
$167,320
Outstanding Balance
$148,768
Interest Rate
2.88%
Estimated Equity
$87,159
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Richards Daniel Daniel $173,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Richards Daniel Daniel $167,320
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2020 08/11/20 Sold $173,500 +3.6% $89 / Sq Ft
06/26/2020 06/26/20 Pending -- -- --
04/06/2020 04/06/20 For Sale $167,500 -- $85 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

Tax History Compared to Growth

Source: Public Records

Tax History

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 $3,162 $244,900 $45,100 $199,800
2024 $2,708 $244,900 $45,100 $199,800
2023 $2,818 $213,900 $27,800 $186,100
2022 $2,238 $196,100 $26,100 $170,000
2021 $1,990 $145,100 $24,100 $121,000
2020 $1,976 $129,100 $24,100 $105,000
2019 $2,030 $113,000 $24,100 $88,900
2018 $1,910 $113,000 $24,100 $88,900
2016 $1,120 $97,600 $24,100 $73,500
2014 -- $87,800 $24,100 $63,700
Source: Public Records

Agents Affiliated with this Home

  • Tom Mayberry

    Seller's Agent in 2020

    Tom Mayberry

    MAYBERRY REALTY

    (507) 317-0788

    115 Total Sales

    Tom Mayberry
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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7023734

REALTOR® Association of Southern Minnesota

APN: 17.226.0190

Minnesota Watonwan County Madelia 56062

422 1st St SE, Madelia, MN

This home is located at 422 1st St SE, Madelia, MN 56062 since 06 April 2020 and is currently estimated at $239,011, approximately $121 per square foot. This property was built in 1960. 422 1st St SE is a home located in Watonwan County with nearby schools including Madelia Elementary School, Madelia Secondary School, and St. Mary's Catholic Elementary School.

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.

REALTOR® Association of Southern Minnesota IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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