516 2nd Ave, Madison, MN 56256
Property image
Property image
OFF MARKET

$93,800

Trulia Estimate
  • 3 Beds
  • 2.5 Baths
  • 1,420 sqft

516 2nd Ave, Madison, MN 56256

Est. Refi. Payment $657/mo*
Refinance Your Home
Currently Off Market - Sold Jan 17, 2025 for $62,000

Home Value

Trulia Estimate
$93.8K
Since last month
Increased$6K (+7.3%)
Since last year
Increased$30K (+47.8%)
Since last sale
Increased$32K (+51.6%)
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 +429% in the last 10 years
MonthEstimated value
2026
September 2026$94K
August 2026$88K
July 2026$71K
June 2026$64K
May 2026$64K
April 2026$64K
March 2026$63K
February 2026$63K
January 2026$64K
2025
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
415 Central Ave, Madison, MN
0.18
Single-Family Home
$45,000
04/20/26
3
2
1,646
712 3rd Ave, Madison, MN
0.15
Single-Family Home
$78,000
05/04/26
4
2
2,130
522 5th Ave, Madison, MN
0.21
Single-Family Home
$140,500
01/09/26
3
2
1,950
616 W 5th St, Madison, MN
0.35
Single-Family Home
$72,500
10/30/25
4
1.5
1,640
413 5th Ave, Madison, MN
0.26
Single-Family Home
$75,000
02/02/26
3
1
1,152
515 9th Ave, Madison, MN
0.53
Single-Family Home
$110,000
08/24/26
3
1.5
1,242
620 5th Ave, Madison, MN
0.23
Single-Family Home
$189,000
10/03/25
4
2
1,776
207 Western Ave, Madison, MN
0.25
Single-Family Home
$170,000
05/22/26
2
2
2,072
708 5th Ave, Madison, MN
0.24
Single-Family Home
$34,500
11/13/25
2
1
1,100

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
621 1st Ave, Madison, MN 56256
0.10
$245,200
3
2
2,280
Off Market
220 5th St, Madison, MN 56256
0.10
$108,600
3
1
973
Off Market
503 Western Ave, Madison, MN 56256
0.10
$50,000
3
2
1,752
Off Market
306 5th St, Madison, MN 56256
0.11
$248,400
4
3
2,099
Off Market
403 1st Ave, Madison, MN 56256
0.10
$229,900
4
2.5
2,998
For Sale
316 6th St, Madison, MN 56256
0.11
$131,400
4
2
1,961
Off Market
507 3rd Ave, Madison, MN 56256
0.11
$126,900
3
1.5
1,030
Off Market
611 3rd Ave N, Madison, MN 56256
0.12
$156,500
5
2
1,755
Off Market
309 7th street, Madison, MN 56256
0.14
$120,800
3
1.5
1,232
Off Market
510 Western Ave, Madison, MN 56256
0.13
$128,500
3
2.5
1,670
Off Market
712 3rd Ave, Madison, MN 56256
0.15
$78,000
4
2
2,130
Recently Sold

Local Information

  • Map ViewExplore the area around 516 2nd Ave.
  • Schools2 Preschool Schools3 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1900
1,420 sqft
$66/sqft
Garage

About this House

What's unique:Storage spaceQuaint bedroomFormal dining areaEnormous kitchen spaceRoot cellars
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.
516 2nd Ave, Madison, MN 56256 is a 3 bedroom, 3 bathroom, 1,420 sqft single-family home built in 1900. It last sold for $62,000 on Jan 17, 2025 (9% below the $67,900 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $93,800, with a rent estimate of $1,703/month.
Last check for updates: about 9 hours ago
Listed by Joleen Marczak, (507) 829-5675
Weichert REALTORS Tower Properties
Bought with: Joleen Marczak, (507) 829-5675, Weichert REALTORS Tower Properties
Source: NorthstarMLS as distributed by MLS GRID, MLS#6636108

Home Details for 516 2nd Ave

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: Full,ConcreteNumber of Rooms: 12Types of Rooms: Bedroom, Bedroom 2, Bedroom 3, Bathroom, Dining Room, Foyer, Kitchen, Living Room, Storage, Utility Room, Wine Cellar
Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 3Number of Bathrooms (full): 1Number of Bathrooms (three quarters): 1Number of Bathrooms (half): 1
Dimensions and Layout
Living Area: 1420 Square FeetFoundation Area: 1296
Appliances & Utilities
Appliances: Dishwasher, Dryer, Range, Refrigerator, WasherDishwasherDryerLaundry: Electric Dryer Hookup,Main Level,Washer HookupRefrigeratorWasher
Heating & Cooling
Heating: Forced AirHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Forced Air
Fireplace & Spa
No Fireplace
Gas & Electric
Gas: Natural Gas
Levels, Entrance, & Accessibility
Stories: 2Levels: TwoAccessibility: Grab Bars In Bathroom
View
No View

Exterior Features

Exterior Home Features
Roof: Age Over 8 Years AsphaltFencing: NoneOther Structures: Garage(s)No Private Pool
Parking & Garage
Number of Garage Spaces: 3Number of Covered Spaces: 3Other Parking: Garage Dimensions (24x24), Garage Door Height (7), Garage Door Width (16)No CarportHas a GarageNo Attached GarageParking Spaces: 3Parking: Detached Garage,Gravel,Multiple Garages
Pool
Pool: None
Frontage
Road Frontage: City StreetResponsible for Road Maintenance: Public Maintained RoadNot on Waterfront
Water & Sewer
Sewer: City Sewer/Connected
Finished Area
Finished Area (above surface): 1420 Square Feet

Days on Market

Cumulative Days on Market: 18

Property Information

Year Built
Year Built: 1900
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence
Building
Not a New ConstructionNot Attached PropertyNo Additional Parcels
Property Information
Parcel Number: 540109000

Price & Status

Price
List Price: $67,900
Status Change & Dates
Off Market Date: Wed Dec 18 2024

Location

Direction & Address
City: Madison
School Information
High School District: Lac Qui Parle Valley

Building

Building Area
Building Area: 1420 Square Feet

HOA

No HOA

Lot Information

Lot Area: 10454.4 sqft

Offer

Contingencies: None

Miscellaneous

BasementMls Number: 6636108Above Grade Unfinished Area: 1420

Price and Tax history

DateEventPrice
Jan 17, 2025
Source: NorthstarMLS as distributed by MLS GRID #6636108
Sold
$62,000
Dec 18, 2024
Source: NorthstarMLS as distributed by MLS GRID #6636108
Pending
$67,900
Dec 2, 2024
Source: NorthstarMLS as distributed by MLS GRID #6636108
Listed For Sale
$67,900

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
    Flag

LGBTQ Local Legal Protections

Based on information submitted to the MLS GRID as of 2026-09-22 12:28:31 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Click here for more information
By searching NorthstarMLS listings you agree to the NorthstarMLS End User License Agreement

Frequently asked questions about 516 2nd Ave

  • What is 516 2nd Ave estimated to be worth?
    Trulia's estimated value for 516 2nd Ave in Madison, MN is $93,800.
  • What is the price history for 516 2nd Ave?
    516 2nd Ave in Madison, MN last sold for $62,000 in January 2025.
  • 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 516 2nd Ave?
    The closest schools to 516 2nd 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).
  • Does 516 2nd Ave have air conditioning?
    Yes, 516 2nd Ave in Madison, MN has air conditioning.
  • Does 516 2nd Ave have laundry facilities?
    Yes, 516 2nd Ave in Madison, MN has in-unit laundry.

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