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842 Western Ave, Madison, MN, 56256

4beds
2baths
3,144sqft
$270,000
$86price/sqft
$2,398/moest. monthly cost
$95,920/yrincome needed

About This Home

Up to date and well cared for home describe this home perfectly. Starting with new shingles in 2024, new furnace and A/C, Siding and windows replaced in 2020. Heat-n-Glo fireplace in 2023. Main floor bath has a new Onyx walk-in shower and bathroom basement has a tile shower. This neighborhood is great with front and back street(alley) being a tar streets. This home has a huge great room that opens from the kitchen - giving you so much room to entertain or enjoy family time. The basement has lots of storage and rooms to finish off as you wish. The back yard has a fenced in patio area accessible by your maintenance free deck. This is a must see - call for a showing.

Getting Around

24
WalkingCar-Dependent
0
TransitVery Limited Transit
42
BikeSomewhat Bikeable

Construction

Condition

  • Year built: 1964

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Basement

  • Has basement: Yes
  • Basement: Block,Partially Finished

Bedroom

  • Level: Main
  • Area: 120
  • Dimensions: 10x12

Bedroom2

  • Level: Main
  • Area: 110
  • Dimensions: 10x11

Bedroom3

  • Level: Main
  • Area: 108
  • Dimensions: 12x9

Bedroom4

  • Level: Basement
  • Area: 132
  • Dimensions: 11x12

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • 3/4 bathrooms: 2

Family Room

  • Level: Main
  • Area: 323
  • Dimensions: 19x17

Features

  • Number of fireplaces: 1
  • Fireplace: Yes
  • Finished area below ground: 300
  • Finished area above ground: 1,572

Heating & Cooling

  • Heating features: Forced Air,Fireplace(s)
  • Cooling features: Central Air

Interior Area

  • Total structure area: 3,144
  • Total interior livable area: 3,144 sqft

Kitchen

  • Level: Main
  • Area: 216
  • Dimensions: 18x12

Living Room

  • Level: Main
  • Area: 216
  • Dimensions: 12x18

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 540508010
  • Zoning description: Residential-Single Family
  • Foundation area: 1572

Features

  • Levels: One
  • Stories: 1

Lot

  • Lot size: 8,799 sqft
  • Lot size dimensions: 60 x 147

Parking

  • Total spaces: 2
  • Parking features: 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
    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 $1,365$16,380
Home Insurance *$389$4,668
Property Taxes $379$4,548
Electricity $265$3,182
Total$2,398$28,776
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$82,217/yr
40% on housing$71,940/yr
45% on housing$63,946/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

$86This listing

vs Other Active Listings

Avg $/sqft

ZIP 56256$85
Lac qui Parle County$79

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
2026-01-20Price change$290,000
2025-12-16Listed for sale$295,000

For Sale by Agent

AgentMary L Olson
BrokerageDahle and Olson Realty Company

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