NOT LISTED FOR SALE

515 4th St SW Madelia, MN 56062

Estimated Value: $228,000 - $257,001

3 Beds
1.5 Baths
2,072 Sq Ft
$116/Sq Ft Est. Value

Last Sold July 13, 2022

Last sale price $245,000 $118 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $1,569/month

22 Days on Market

Highlights

  • Deck
  • Eat-In Kitchen
  • Bathroom on Main Level
  • 2 Car Attached Garage
  • Landscaped with Trees
  • 1-Story Property

About This Home

As of July 2022

Rare buying opportunity with space galore! Come take a look at this spacious home located in Madelia! Start your tour of the home by viewing the 2 main floor bedrooms, main floor laundry, a large main floor full bathroom, and the semi open concept living room, dining room, and kitchen. Head to the lower level next that is full of potential. A third bedroom, a large second bathroom, storage room, large utility room, an additional living room with a walk out door, and a bonus room with built in corner cabinets and counter top. This home could really be customized with additional bedrooms, bathrooms, or the lower level could function as an apartment, mother in law suite, home office space or studio. This home is flooded with natural light throughout both the main and lower levels. Other features include an attached two stall garage, a storage shed, a deck, a big yard, and views of the golf course right across the street. The furnace and water heater have both recently been replaced. The egress window was just added in April 2022. This home is in an established neighborhood in a desirable location. Homes like this do not come available very often, don't miss your opportunity to own this one!

Last Agent to Sell the Property

Krista Lunz

TRUE REAL ESTATE License #40381042 Listed on: 05/01/2022

TRUE REAL ESTATE

Last Buyer's Agent

Krista Lunz

TRUE REAL ESTATE License #40381042 Listed on: 05/01/2022

TRUE REAL ESTATE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,066

Year Built

  • 1976

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 87 x 156
  • Landscaped with Trees

Home Design

  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Ceiling Fan
  • Window Treatments
  • Combination Kitchen and Dining Room

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level

Laundry

  • Dryer
  • Washer

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Block Basement Construction
  • Natural lighting in basement

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Outdoor Features

  • Deck
  • Storage Shed

Utilities

  • Forced Air Heating and Cooling System
  • Water Softener is Owned

Listing and Financial Details

  • Assessor Parcel Number 177020060

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,066

Year Built

1976

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Classification: NonHomestead
  • Style: SF Single Family
  • Amenities: Ceiling Fans, Eat-In Kitchen, Garage Door Opener, Washer/Dryer Hookups, Window Coverings (L)
  • Amenities Exterior: Deck
  • Estimated Number of Acres: 0.3
  • Assessment Balance: 35
  • Assessments: Yes
  • Construction: Previously Owned
  • Foundation Size: 1320
  • L V T Date: 05/02/2022
  • Mechanicals: Water Softener-Owned, Circuit Breaker
  • Parcel Number: 177020060
  • Price Per Square Foot: 102
  • Sold Price Per Sq Ft: 93
  • Stories: 1 Story
  • Street Designation: Street
  • Taxes With Assessments: 2964
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1976

Interior Features

  • Dining Room: Combine with Kitchen, Informal Dining Room
  • Appliances: Dishwasher, Dryer, Microwave, Range/Stove, Refrigerator, Washer
  • Total Bedrooms: 3
  • Bathroom Description: Main Floor Full Bath
  • Total Bathrooms: 2
  • Half Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 2
  • Room 1: Master Bedroom, 14x11.5, On Level: Main
  • Room 2: Bedroom, 14x9.5, On Level: Main
  • Room 3: Living Room, 19.5x13, On Level: Main
  • Room 4: Dining Room, 16x10, On Level: Main
  • Room 5: Kitchen, 16.5x7.5, On Level: Main
  • Room 6: Laundry Room, 14x11.5, On Level: Main
  • Room 7: 14x12, On Level: Lower
  • Room 8: Family Room, 17.5x14, On Level: Lower
  • Room 9: Den/Office, 19x14, On Level: Lower
  • Room 10: Utility Room, 14x14, On Level: Lower
  • Room 11: Storage Room, 14x7.5, On Level: Lower
  • Room 12: Bathroom, 9.5x8, On Level: Lower
  • Basement Features: Daylight/Lookout Windows, Partially Finished, Walkout
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 1320
  • Below Grade Finished Sq Ft: 752
  • Tot Above Grade Sq Ft: 1320
  • Total Fin Square Footage: 2072
  • Total Square Footage: 2640
  • Tot Below Grade Sq Ft: 1320

Exterior Features

  • Frontage Road: City
  • Construction Type: Frame/Wood
  • Exterior: Wood
  • Out Buildings: Storage Shed
  • Roof: Asphalt Shingles

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 2

Utilities

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

Schools

  • School District: Madelia #837

Lot Info

  • Estimated Lot Dimensions: 87 x 156
  • Lot/Land Description: Landscaped, Tree Coverage - Medium

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2022
Closed on
Jul 13, 2022
Sold by
Mcmonagle John
Bought by
Ibeling Michael
Seller's Agent
Krista Lunz
TRUE REAL ESTATE
Buyer's Agent
Krista Lunz
TRUE REAL ESTATE
List Price
$267,999
Sold Price
$245,000
Premium/Discount to List
-$22,999
-8.58%
Current Estimated Value
$237,826

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,174
Avg. Annual Appreciation
-0.53%
Original Mortgage
$232,750
Outstanding Balance
$222,077
Interest Rate
5.09%
Mortgage Type
New Conventional
Estimated Equity
$18,923
Source: Public Records

Range of Values:

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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
Ibeling Michael $245,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ibeling Michael $232,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2022 07/13/22 Sold $245,000 -8.6% $118 / Sq Ft
05/23/2022 05/23/22 Pending -- -- --
05/01/2022 05/01/22 For Sale $267,999 -- $129 / 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 $3,066 $221,800 $28,100 $193,700
2024 $2,932 $238,500 $28,100 $210,400
2023 $2,754 $229,500 $25,000 $204,500
2022 $2,964 $192,200 $22,700 $169,500
2021 $2,658 $166,900 $21,100 $145,800
2020 $2,208 $163,900 $21,100 $142,800
2019 $2,270 $145,500 $21,100 $124,400
2018 $2,520 $145,500 $21,100 $124,400
2016 $1,748 $139,900 $21,100 $118,800
2014 -- $122,300 $21,100 $101,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7029654

REALTOR® Association of Southern Minnesota

APN: 17.702.0060