515 Central Ave, Madison, MN 56256
OFF MARKET

$221,500

Trulia Estimate
  • Studio

515 Central Ave, Madison, MN 56256

Est. Refi. Payment $1,452/mo*
Refinance Your Home
Currently Off Market - Sold Apr 24, 2020 for $130,000

Home Value

Trulia Estimate
$222K
Since last month
Increased$25K (+13%)
Since last year
Increased$29K (+15.2%)
Since last sale
Increased$92K (+70.4%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +94% in the last 10 years
MonthEstimated value
2026
September 2026$222K
August 2026$196K
July 2026$200K
June 2026$199K
May 2026$198K
April 2026$195K
March 2026$190K
February 2026$199K
January 2026$191K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
207 Western Ave, Madison, MN
0.24
Single-Family Home
$170,000
05/22/26
2
2
2,072
315 Central Ave, Madison, MN
0.14
Single-Family Home
$62,050
04/30/26
3
1.5
1,570
415 Central Ave, Madison, MN
0.07
Single-Family Home
$45,000
04/20/26
3
2
1,646
522 5th Ave, Madison, MN
0.38
Single-Family Home
$140,500
01/09/26
3
2
1,950
712 3rd Ave, Madison, MN
0.27
Single-Family Home
$78,000
05/04/26
4
2
2,130
910 4th Ave, Madison, MN
0.43
Single-Family Home
$157,500
12/19/25
4
2
3,061
620 5th Ave, Madison, MN
0.39
Single-Family Home
$189,000
10/03/25
4
2
1,776
316 Central Ave, Madison, MN
0.15
Single-Family Home
$32,500
06/08/26
2
1
991
409 W 3rd St, Madison, MN
0.41
Single-Family Home
$77,500
02/12/26
2
1
926
413 5th Ave, Madison, MN
0.43
Single-Family Home
$75,000
02/02/26
3
1
1,152

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
321 E 6th St, Madison, MN 56256
0.08
$162,000
5
2.5
2,250
Off Market
510 Western Ave, Madison, MN 56256
0.04
$130,000
3
2.5
1,670
Off Market
415 Central Ave, Madison, MN 56256
0.07
$45,000
3
2
1,646
Recently Sold
403 Central Ave, Madison, MN 56256
0.09
$141,800
5
1.5
2,240
Off Market
304 E 4th St, Madison, MN 56256
0.10
$79,500
3
1
1,236
For Sale
503 Western Ave, Madison, MN 56256
0.08
$50,800
3
2
1,752
Off Market
310 E 4th St, Madison, MN 56256
0.10
$12,000
-
-
-
Recently Sold
322 Western Ave, Madison, MN 56256
0.13
$113,300
3
2
1,662
Off Market
316 Central Ave, Madison, MN 56256
0.15
$32,500
2
1
991
Recently Sold
309 Central Ave, Madison, MN 56256
0.15
$119,100
3
1
1,516
Off Market
321 Western Ave, Madison, MN 56256
0.14
$109,200
6
3
1,908
Off Market
311 Park Ave, Madison, MN 56256
0.19
$93,500
3
1
1,170
Off Market

Local Information

  • Map ViewExplore the area around 515 Central Ave.
  • Schools2 Preschool Schools3 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home

About this House

This single-family home is located at 515 Central Ave, Madison, MN. 515 Central Ave is in Madison, MN and in ZIP code 56256.
515 Central Ave, Madison, MN 56256 is a studio single-family home. It last sold for $130,000 on Apr 24, 2020. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $221,500, with a rent estimate of $1,942/month.

Home Details for 515 Central Ave

Property Information

Property Type / Style
Property Type: Single Family Home

Price and Tax history

DateEventPrice
Apr 24, 2020
Source: N/A
Sold
$130,000

Market trends in Madison

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
19
3MoM

Around this home

What Locals Say about Madison

At least 3 Trulia users voted on each feature.

  • 100 % Say parking is easy

  • 100 % Say yards are well-kept

  • 100 % Say it's quiet

  • 83 % Say kids play outside

  • 80 % Say there are community events

  • 80 % Say it's dog friendly

  • 75 % Say streets are well-lit

  • 75 % Say there are sidewalks

  • 75 % Say there's holiday spirit

  • 71 % Say it's walkable to grocery stores

  • 70 % Say neighbors are friendly

  • 67 % Say people would walk alone at night

  • 67 % Say it's walkable to restaurants

  • 33 % Say car is needed

  • 25 % Say they plan to stay for at least 5 years

  • 20 % Say there's wildlife

Sourced by Trulia users. Learn more about our methodology.
  • Becky P.
    "My neighbors are mean. We didn't talk to any of the neighbors before buying the house. We want to move"
    0
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Frequently asked questions about 515 Central Ave

  • What is 515 Central Ave estimated to be worth?
    Trulia's estimated value for 515 Central Ave in Madison, MN is $221,500.
  • What is the price history for 515 Central Ave?
    515 Central Ave in Madison, MN last sold for $130,000 in April 2020.
  • Is Madison a buyer's or seller's market?
    Madison is currently a buyer's market, based on recent for-sale activity.
  • What are the closest schools to 515 Central Ave?
    The closest schools to 515 Central Ave in Madison, MN are Appleton Elementary School (Pre-K, rated 3/10), Lac Qui Parle Valley Middle School (Elementary, rated 4/10), Lac Qui Parle Valley Secondary (Middle/High, rated 6/10).

Apartments for Rent

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Off Market Homes Near 515 Central Ave

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Homes for sale near 515 Central Ave

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