416 8th Ave, Madison, MN, 56256
About This Home
Welcome to this move-in ready Madison home! Offering the convenience of main-floor living, this beautifully maintained home combines modern updates, a practical layout, and far more finished living space than meets the eye. The main level features a spacious living room, an open kitchen and dining area with additional counter-height seating, two generously sized bedrooms, a full bath, an updated half bath, and a convenient laundry area. Step outside through the patio door to enjoy the partially fenced backyard and large deck, perfect for summer BBQs, entertaining friends, or enjoying your morning coffee. The lower level expands the living space even further with a massive family room complete with a built-in bar area, making it an ideal gathering spot for game days, movie nights, or hosting guests. You'll also find abundant storage, a utility room, and two additional non-conforming bedrooms that offer flexibility for a home office, hobby room, or guest space. A second detached garage provides valuable extra storage or additional parking. With its spacious interior, thoughtful updates, and versatile living spaces, this home is ready for its next owners. Schedule your private showing today!
Getting Around
Somewhat Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1978
Materials
- Roof: Asphalt
Type & Style
- Home type: SingleFamily
- Property subType: Single Family
Interior
Appliances
- Appliances included: Dishwasher,Dryer,Electric Water Heater,Range,Refrigerator,Washer
Basement
- Has basement: Yes
- Basement: Block,Finished,Sump Pump
Bedroom
- Level: Main
- Area: 168
- Dimensions: 12x14
Bedroom2
- Level: Main
- Area: 132
- Dimensions: 11x12
Bedroom3
- Level: Lower
- Area: 114
- Dimensions: 9.5x12
Bedroom4
- Level: Lower
- Area: 182
- Dimensions: 13x14
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 1
- 3/4 bathrooms: 1
- 1/2 bathrooms: 1
Dining Room
- Level: Main
- Area: 143
- Dimensions: 13x11
Family Room
- Level: Lower
- Area: 448
- Dimensions: 16x28
Features
- Finished area below ground: 1,040
- Finished area above ground: 1,260
Heating & Cooling
- Heating features: Forced Air
- Cooling features: Central Air
Interior Area
- Total structure area: 2,520
- Total interior livable area: 2,300 sqft
Kitchen
- Level: Main
- Area: 169
- Dimensions: 13x13
Laundry
- Level: Main
- Area: 67.5
- Dimensions: 7.5x9
Living Room
- Level: Main
- Area: 260.3125
- Dimensions: 12.25 x 21.25
Other
- Level: Lower
- Area: 120
- Dimensions: 10x12
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 540167000
- Zoning description: Residential-Single Family
- Foundation area: 1320
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck
- Fencing: Partial
Lot
- Lot size: 10,541 sqft
- Features: Tree Coverage - Medium
- Lot size dimensions: 75 x 140
Parking
- Total spaces: 2
- Parking features: Attached,Detached 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
- Winter Weather
- Hail
- Heat Wave
- Ice Storm
- Strong Wind
- Tornado
- Drought
- Inland Flooding
How This Home’s Risks Compare
FEMA Declared Disasters in Lac qui Parle County and Minnesota
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $884 | $10,608 |
| Home Insurance * | $252 | $3,024 |
| Property Taxes | $247 | $2,964 |
| Electricity | $193 | $2,327 |
| Total | $1,576 | $18,912 |
Income You'd Need if You Spent...
Minnesota FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-12 | Price change | $170,000 |
| 2026-07-19 | Price change | $175,000 |
| 2026-06-19 | Listed for sale | $185,000 |
| 2023-09-06 | Listing removed | -- |
| 2023-08-19 | Listed for sale | $155,000 |
| 2018-05-22 | Sold | $88,000 |
| 2011-08-01 | Sold | $51,000 |
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