NOT LISTED FOR SALE

507 3rd Ave Madison, MN 56256

Estimated Value: $106,000 - $151,000

3 Beds
1.5 Baths
1,030 Sq Ft
$119/Sq Ft Est. Value

Last Sold July 19, 2024

Last sale price $115,000 $112 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $738/month

21 Days on Market

Highlights

  • Deck
  • The kitchen features windows
  • Entrance Foyer
  • No HOA
  • Living Room
  • Forced Air Heating and Cooling System

About This Home

As of July 2024

How delightful is this 1.5 story midcentury-modern 3 bedroom 2 bath home! With newer windows, siding & shingles & HVAC this home offers so much comfort for its next owner(s). The arched entry ways and hardwood floors take a person back to a simpler time yet with newer colors. What's not to love. The main floor has 1 bedroom, a full bath, open living room to dining and kitchen. The upper level has a newer 1/2 bath and 2 bedrooms. The basement offers laundry space, storage space & more! Call for a showing today!

Last Agent to Sell the Property

Joleen Marczak

Weichert REALTORS Tower Properties Listed on: 06/11/2024

Weichert REALTORS Tower Properties

Last Buyer's Agent

Dean Maeyaert

Wilson O'Brien REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,038

Year Built

  • Built in 1949

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 50x140
  • Few Trees

Parking

  • 1 Car Garage

Home Design

  • Unfinished Walls
  • Vinyl Siding

Interior Spaces

  • 1,030 Sq Ft Home
  • 1.5-Story Property
  • Entrance Foyer
  • Living Room
  • Dining Room
  • Basement

Kitchen

  • Range
  • Dishwasher
  • The kitchen features windows

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • Deck
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • Madison Subdivision

Listing and Financial Details

  • Assessor Parcel Number 540121000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,038

Year Built

Built in 1949

Lot Details

0

Parking

1

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 1
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1949
  • Above Grade Finished Sq Ft: 1030
  • Unit Levels: One and One Half
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: Cable,DSL
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Concrete
  • Appliances: Dishwasher, Dryer, Range, Refrigerator, Washer
  • Living Area: 1030
  • Fireplace: No
  • Basement YN: Yes
  • Dining Room Type: Foyer, Living Room, Dining Room, Kitchen, Bedroom 1, Bathroom, Bedroom 2, Bedroom 3, Unfinished

Beds/Baths

  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Roof: Age 8 Years or Less
  • PoolFeatures: None
  • Fencing: None
  • ConstructionMaterialsDesc: Frame
  • PatioPorchType: Deck

Garage/Parking

  • Parking Features: Detached, Gravel

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Deck,Hardwood Floors,Kitchen Window

Schools

  • Junior High Dist: Lac Qui Parle Valley
  • SchoolDistrictPhone: 320-752-4205

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 50x140
  • Lot Size Sq Ft: 6969.6
  • Land Lease: No
  • Lot Features: Some Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 540121000
  • Tax Annual Amount: 1038
  • TaxWithAssessments: 1402.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2024
Closed on
Jul 19, 2024
Sold by
Geis Grace
Bought by
Herbeck Michael and Herbeck Sabina
Seller's Agent
Joleen Marczak
Weichert REALTORS Tower Properties
Buyer's Agent
Dean Maeyaert
Wilson O'Brien REALTORS
List Price
$119,900
Sold Price
$115,000
Premium/Discount to List
-$4,900
-4.09%
Views
32
Current Estimated Value
$122,383

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,383
Avg. Annual Appreciation
4.42%

Purchase Details

Listed on
Sep 9, 2022
Closed on
Dec 27, 2022
Sold by
Geerdes Julie Lynn
Bought by
Geis Grace E
Seller's Agent
Mary Olson
Dahle and Olson Realty Company
Buyer's Agent
Joleen Marczak
Weichert REALTORS Tower Properties
List Price
$100,000
Sold Price
$100,000
Views
8

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.37%
Original Mortgage
$90,000
Interest Rate
7.08%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 9, 2022
Closed on
Nov 9, 2022
Sold by
Geerdes Julie
Bought by
Geis Grace
Seller's Agent
Mary Olson
Dahle and Olson Realty Company
Buyer's Agent
Joleen Marczak
Weichert REALTORS Tower Properties
List Price
$100,000
Sold Price
$100,000
Views
8

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
7.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 7, 2016
Sold by
Watson Rosemary and Burritt Richard
Bought by
Arends Julie L and Geerdes Alexander G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,272
Interest Rate
3.66%
Mortgage Type
New Conventional
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Herbeck Michael $115,000 --
Geis Grace E $100,000 None Listed On Document
Geis Grace $100,000 --
Arends Julie L $45,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Geis Grace E $90,000
Previous Owner Geis Grace $99,250
Previous Owner Arends Julie L $46,272
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/19/2024 07/19/24 Sold $115,000 -4.1% $112 / Sq Ft
07/03/2024 07/03/24 Pending -- -- --
06/12/2024 06/12/24 For Sale $119,900 +19.9% $116 / Sq Ft
12/27/2022 12/27/22 Sold $100,000 0.0% $102 / Sq Ft View Prior Sale
09/08/2022 09/08/22 Pending -- -- --
09/08/2022 09/08/22 For Sale $100,000 -- $102 / Sq Ft
Source: NorthstarMLS

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
2024 $1,158 $90,400 $4,000 $86,400
2023 $1,402 $90,600 $4,000 $86,600
2022 $1,096 $65,200 $4,000 $61,200
2021 $976 $63,700 $4,000 $59,700
2020 $954 $51,100 $4,000 $47,100
2019 $908 $49,500 $4,000 $45,500
2018 $870 $49,500 $4,000 $45,500
2017 $806 $44,300 $4,000 $40,300
2016 $792 $39,600 $4,000 $35,600
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: NorthstarMLS

MLS Number: 6551616

NorthstarMLS

APN: 54-0121-000