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2493 231st Ave, Madison, MN, 56256

1beds
1baths
978sqft
$149,900
$153price/sqft
$1,163/moest. monthly cost
$46,520/yrincome needed

About This Home

SOMEONE IS GOING TO LOVE THIS UNIQUE SHED-DO-MINIUM AND LOCATION! SMALLER HOME WITH A WONDERFUL HEATED AND FINISHED 2 STALL GARAGE, GARAGE OFFERS A FLOOR DRAIN AS WELL. THIS PLACE IS HIDDEN BEHIND LIVE AND WOOD FENCE. OUTSIDE OF CITY LIMITS--RIGHT ON THE EDGE! THIS HOME HAS A PRIVATE WELL WITH NEW PUMP, AND SEPTIC. ALSO OFFERS NATURAL GAS! KITCHEN AND LIVING ROOM IN ONE PORTION AND THE BATH AND BEDROOM IN THE SOUTHERN PORTION. GREAT STORAGE SPACES IN BETWEEN THE AREAS. PUT UP SHELVING, OR ENCLOSE IF YOU WISH. HEATING UNITS ARE DIRECT VENT NATURAL GAS. WATER IS HEATED ON DEMAND. QUALITY KINETICO WATER TREATMENT/SOFTENER. THIS HOUSE IS UNIQUE TO THE CURRENT OWNERS LIKING, KEEP IT THIS WAY OR MAKE THE CHANGES YOU WOULD LIKE FOR YOURSELF. DURING THE BUILDING OF THIS HOME THE OWNER HAS INSTALLED AN ABUNDANCE OF INSULATION ALL AROUND! NICE QUALITY APPLIANCES. ADDITIONAL PICTURES COMING SOON!

Getting Around

8
WalkingCar-Dependent
0
TransitVery Limited Transit
34
BikeSomewhat Bikeable

Construction

Condition

  • Year built: 2023

Materials

  • Roof: Age 8 Years or Less,Metal,Pitched
  • Construction materials: Frame

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Appliances

  • Appliances included: Dryer,Electric Water Heater,Range,Refrigerator,Washer,Water Softener Owned
  • Laundry features: Gas Dryer Hookup,Laundry Room,Main Level,Washer Hookup

Basement

  • Basement: None

Bathroom

  • Level: Main
  • Area: 165
  • Dimensions: 11x15

Bedroom

  • Level: Main
  • Area: 320
  • Dimensions: 16x20

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • 3/4 bathrooms: 1

Features

  • Finished area below ground: 0
  • Finished area above ground: 978

Heating & Cooling

  • Heating features: Other
  • Cooling features: Wall Unit(s)

Interior Area

  • Total structure area: 978
  • Total interior livable area: 978 sqft

Kitchen

  • Level: Main
  • Area: 270
  • Dimensions: 15x18

Living Room

  • Level: Main
  • Area: 270
  • Dimensions: 15x18

Property

Accessibility

  • Accessibility features: Doors 36"+,No Stairs External,No Stairs Internal

Details

  • Parcel number: 260192010
  • Zoning description: Residential-Single Family
  • Foundation area: 978

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Front Porch
  • Fencing: Wood

Lot

  • Lot size: 0.51 Acres
  • Features: Tree Coverage - Medium
  • Lot size dimensions: .51

Parking

  • Total spaces: 2
  • Parking features: Attached,Gravel,Concrete,Garage,Heated Garage,Insulated Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveVery High
  • Winter Weather
    Winter WeatherVery High
  • Hail
    HailRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Ice Storm
    Ice StormRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Drought
    DroughtModerate
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Cold Wave
Winter Weather
Hail
Heat Wave
Ice Storm
Strong Wind
Tornado
Drought
Inland Flooding

FEMA Declared Disasters in Lac qui Parle County and Minnesota

Flood
Severe Storm
Straight Line Winds

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $757$9,084
Home Insurance *$216$2,592
Property Taxes $20$240
Electricity $170$2,050
Total$1,163$13,956
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$39,874/yr
40% on housing$34,890/yr
45% on housing$31,013/yr

Minnesota FAIR Plan Programs

Minnesota FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,160Commercial: 101
Total Premiums$4.54M
Total Exposure$457.44M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 13.3%
13.3%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 1.4%
1.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$153This listing

vs Other Active Listings

Avg $/sqft

ZIP 56256$87
Lac qui Parle County$80

vs Homes Sold Last Month

Median $/sqft

ZIP 56256
Lac qui Parle County$111

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-11Listed for sale$149,900
2022-12-27Sold$29,000
2022-12-10Pending sale$36,500
2022-11-10Price change$36,500
2022-08-13Price change$39,500
2022-06-06Listed for sale$44,900
2018-05-18Sold$59,000
2018-03-22Pending sale$65,000
2018-01-23Price change$65,000
2017-08-31Price change$69,900
2017-06-06Listed for sale$79,500

For Sale by Agent

AgentDawn G Peterson
BrokeragePeterson Team Realty

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