$115,000
SOLD AUG 21, 2025

505 S Union Ave Madison, SD 57042

2 Beds
1 Bath
1,010 Sq Ft
7,100 Sq Ft Lot

Recently Sold

$114 Per Sq Ft

15% Below List Price

79 Days on Market

Highlights

  • Landscaped with Trees
  • Storage Shed
  • Carpet

About This Home

As of August 2025

TURN KEY PROPERTY Adorable and fully updated 2-bedroom, 1-bath cottage currently operating as a successful Airbnb! This charming home features fresh paint, new carpet, and a stylish tile backsplash in the kitchen. The elegant, spacious bathroom boasts modern fixtures and thoughtful updates. Upstairs you’ll find two generously sized bedrooms, each with walk-in closets, plus a cozy landing ideal for a reading nook or small office space. The laundry room is conveniently located just off the kitchen for added functionality. Step outside to a huge backyard complete with a firepit area—perfect for entertaining—and a handy shed for lawn tools. There's even plenty of space to add a garage. Whether you're looking for a cozy starter home or a turnkey investment property, this one is a must-see!

Last Agent to Sell the Property

Callie Wockenfuss

Real Estate Retrievers of Sioux Falls Listed on: 05/12/2025

Last Buyer's Agent

Bonnie Sabers

Bonafide Real Estate LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $700

Year Built

  • Built in 1889

Lot Details

  • 7,100 Sq Ft Lot
  • Lot Dimensions are 50x142
  • Landscaped with Trees

Home Design

  • Composition Shingle Roof

Interior Spaces

  • 1,010 Sq Ft Home
  • 2-Story Property
  • Carpet
  • Dryer

Kitchen

  • Electric Oven or Range
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Storage Shed

Schools

  • Madison Elementary School
  • Madison Middle School
  • Madison High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 210800010002010

Home Details

Home Type

Single Family

Est. Annual Taxes

$700

Year Built

Built in 1889

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Two Story
  • Property Sub Type: Single Family
  • Estimated Finished Sq Ft: 1010
  • Inside City Limits: Yes
  • Legal Description: LOT 2 BLK 1 WHITMORE'S ADD #856M
  • Sp Percent Lp: 88.53
  • Streets: Public Maintenance
  • Year Built: 1889
  • Is Land Owned Or Leased: Owned
  • Suffix: Avenue
  • Directions To Property: South on Union, just past SW 4th St.
  • Elementary School: Madison ES
  • Geo Longitude: -97.120138
  • High School: Madison HS
  • Middle School: Madison MS
  • School District: Madison Central 39-2
  • Subdivision: No Subdivision
  • Special Features: None

Interior Features

  • Equipment: Electric Oven/Range, Microwave Oven, Refrigerator, Stove Hood, Washer, Dryer
  • Floors: Carpet
  • Number Of Bedrooms: 2
  • Master Bedroom: Dimensions: 16 x 12, carpet, closet
  • Bedroom 2: Dimensions: 11 x 11, large walk-in closet
  • Upper Level Number of Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Living Room: Dimensions: 13 x 16, carpet, nice windows
  • Room 1: On Level: Main, Laundry Room
  • Room 2: Dimensions: 8 x 6
  • Kitchen: Dimensions: 12 x 10, laminate floor, stove & refrigerator
  • Above Grade Finished Sq Ft: 1010
  • Price Per Sq Ft: 113.86

Exterior Features

  • Exterior: Wood
  • Foundation: Dirt
  • Roof: Shingle Composition

Utilities

  • Cooling: Wall Unit
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Lot Info

  • Acres: 0.163
  • Geo Subdivision: SD
  • Lot Description: City Lot
  • Lot Dimensions: 50x142
  • Lot Size Sq Ft: 7100
  • Site Features: Storage Shed, Shade Trees, Firepit

Tax Info

  • Assessor Parcel Number: 210800010002010
  • Taxes: 700

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft
08/21/2025 08/21/25 Sold $115,000 -11.5% $114 / Sq Ft
07/31/2025 07/31/25 Pending -- -- --
06/23/2025 06/23/25 Price Changed $129,900 -3.7% $129 / Sq Ft
05/12/2025 05/12/25 For Sale $134,900 -- $134 / Sq Ft
Source: REALTOR® Association of the Sioux Empire

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 $697 $38,700 $9,700 $29,000
2024 $697 $38,700 $9,700 $29,000
2023 $581 $36,000 $8,400 $27,600
2022 $572 $28,300 $6,200 $22,100
2021 $552 $23,200 $4,800 $18,400
2020 $496 $23,200 $4,800 $18,400
2019 $495 $20,000 $4,000 $16,000
2018 $505 $20,000 $4,000 $16,000
2017 $505 $20,000 $4,000 $16,000
2016 -- $20,000 $4,000 $16,000
2013 -- $18,500 $3,600 $14,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of the Sioux Empire

MLS Number: 22503540

REALTOR® Association of the Sioux Empire

APN: 21080-00100-020-10