$62,000
SOLD JAN 17, 2025

516 2nd Ave Madison, MN 56256

3 Beds
2.5 Baths
1,420 Sq Ft
10,454 Sq Ft Lot

Recently Sold

$44 Per Sq Ft

9% Below List Price

18 Days on Market

Highlights

  • Wine Cellar
  • No HOA
  • Living Room
  • Multiple Garages
  • The kitchen features windows
  • Entrance Foyer

About This Home

As of January 2025

Located just a block from the school, 3 blocks from downtown, and 4 blocks from the hospital, this delightful 3 bedroom, 2.5 bathroom home will surprise buyers with the spaciousness and potential. The main floor offers a quaint bedroom, 3/4 bathroom with walk in shower with grab bars, an open living room and formal dining area, the laundry was moved in the enormous kitchen space. The upper level has a full bathroom and 2 bedrooms awaiting a buyer's personal touch. The basement is equally spacious as the main floor with 2 root cellars, storage space, plus a half bathroom. Outside is a 1.5 car garage plus an extra 1 car garage for more storage, or use for hobbies. Call today for a showing.

Last Agent to Sell the Property

Joleen Marczak

Weichert REALTORS Tower Properties Listed on: 11/30/2024

Weichert REALTORS Tower Properties

Last Buyer's Agent

Joleen Marczak

Weichert REALTORS Tower Properties Listed on: 11/30/2024

Weichert REALTORS Tower Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $843

Year Built

  • Built in 1900

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 74x140

Parking

  • 3 Car Garage
  • Multiple Garages

Home Design

  • Wood Siding

Interior Spaces

  • 1,420 Sq Ft Home
  • 2-Story Property
  • Entrance Foyer
  • Wine Cellar
  • Living Room
  • Dining Room
  • Storage Room
  • Utility Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Dishwasher
  • The kitchen features windows

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • Grab Bar In Bathroom
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 540109000

Home Details

Home Type

Single Family

Est. Annual Taxes

$843

Year Built

Built in 1900

Lot Details

0

Parking

3

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 3
  • Accessibility Features: Grab Bars In Bathroom
  • Water Source: City Water/Connected
  • Year Built: 1900
  • Above Grade Finished Sq Ft: 1420
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: Cable,DSL
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Full, Concrete
  • Appliances: Dishwasher, Dryer, Range, Refrigerator, Washer
  • Living Area: 1420
  • Fireplace: No
  • Basement YN: Yes
  • Dining Room Type: Foyer, Living Room, Dining Room, Kitchen, Bedroom 1, Bathroom, Bedroom 2, Bedroom 3, Utility Room, Wine Cellar, Storage

Beds/Baths

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

Exterior Features

  • Roof: Age Over 8 Years, Asphalt
  • PoolFeatures: None
  • Fencing: None
  • Other Structures: Additional Garage

Garage/Parking

  • Parking Features: Detached, Gravel, Multiple Garages

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Kitchen Window,Washer/Dryer Hookup

Schools

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

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 74X140
  • Lot Size Sq Ft: 10454.4
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Yes
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Wood Siding

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 540109000
  • Tax Annual Amount: 843
  • TaxWithAssessments: 1364.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 30, 2024
Closed on
Jan 17, 2025
Sold by
Anderson Donna Marie
Bought by
Hansen Devyn B
Seller's Agent
Joleen Marczak
Weichert REALTORS Tower Properties
Buyer's Agent
Joleen Marczak
Weichert REALTORS Tower Properties
List Price
$67,900
Sold Price
$62,000
Premium/Discount to List
-$5,900
-8.69%
Views
30
Current Estimated Value
$64,365

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,365
Avg. Annual Appreciation
4.02%
Original Mortgage
$60,140
Outstanding Balance
$59,713
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$4,652
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
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

Purchase History

Date Type Sale Price Title Company
Warranty Deed $62,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $60,140 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/17/2025 01/17/25 Sold $62,000 -8.7% $44 / Sq Ft
12/18/2024 12/18/24 Pending -- -- --
11/30/2024 11/30/24 For Sale $67,900 -- $48 / 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 $1,036 $68,000 $5,000 $63,000
2023 $1,364 $79,300 $5,000 $74,300
2022 $1,094 $57,500 $5,000 $52,500
2021 $766 $49,900 $5,000 $44,900
2020 $758 $20,500 $5,000 $15,500
2019 $738 $19,900 $5,000 $14,900
2018 $728 $19,900 $5,000 $14,900
2017 $734 $18,200 $5,000 $13,200
2016 $728 $19,100 $5,000 $14,100
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6636108

NorthstarMLS

APN: 54-0109-000