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408 Southview Dr, Marshall, MN, 56258

4beds
2baths
2,248sqft
$148,000
$66price/sqft
$1,228/moest. monthly cost
$49,120/yrincome needed

About This Home

Opportunity Awaits! This 4-bedroom, 2-bath home with a one-stall attached garage is full of potential and ready for its next chapter. With solid bones and a functional layout, it’s the perfect opportunity for an investor, flipper, or buyer looking to build instant equity. While the home does need some updates and TLC, the possibilities are endless. Listed well below tax market value, this is your chance to bring your vision to life and make this property shine once again.

Getting Around

29
WalkingCar-Dependent
0
TransitVery Limited Transit
41
BikeSomewhat Bikeable

Schools

--
6/10
Marshall Middle SchoolGrades 5-80.7 mi
6/10
Marshall High SchoolGrades 9-122.6 mi

Construction

Condition

  • Year built: 1950

Materials

  • Roof: Age Over 8 Years,Asphalt
  • Construction materials: Frame

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Appliances

  • Appliances included: Microwave,Range,Refrigerator
  • Laundry features: Laundry Room

Basement

  • Has basement: Yes
  • Basement: Drainage System,Egress Window(s),Finished,Full

Bedroom

  • Level: Main
  • Area: 130
  • Dimensions: 10X13

Bedroom2

  • Level: Main
  • Area: 99
  • Dimensions: 11X9

Bedroom3

  • Level: Main
  • Area: 90
  • Dimensions: 9X10

Bedroom4

  • Level: Basement
  • Area: 110
  • Dimensions: 10X11

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2

Dining Room

  • Level: Main
  • Area: 110
  • Dimensions: 10X11

Family Room

  • Level: Basement
  • Area: 360
  • Dimensions: 24x15

Features

  • Number of fireplaces: 1
  • Fireplace: Yes
  • Finished area below ground: 1,124
  • Finished area above ground: 1,124

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,248
  • Total interior livable area: 2,248 sqft

Kitchen

  • Level: Main
  • Area: 100
  • Dimensions: 10X10

Laundry

  • Level: Basement

Living Room

  • Level: Main
  • Area: 231
  • Dimensions: 11X21

Porch

  • Level: Main
  • Area: 160
  • Dimensions: 16X10

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 272060080
  • Zoning description: Residential-Single Family
  • Foundation area: 1124

Features

  • Levels: One
  • Stories: 1
  • Pool features: None

Lot

  • Lot size: 7,623 sqft
  • Features: Irregular Lot
  • Lot size dimensions: 60 x 127

Parking

  • Total spaces: 1
  • Parking features: Attached,Concrete
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

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
  • Inland Flooding
    Inland FloodingVery High
  • Winter Weather
    Winter WeatherVery High
  • Strong Wind
    Strong WindRelatively High
  • Heat Wave
    Heat WaveModerate
  • Ice Storm
    Ice StormModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

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

FEMA Declared Disasters in Lyon 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 $748$8,976
Home Insurance *$140$1,680
Property Taxes $151$1,812
Electricity $189$2,275
Total$1,228$14,736
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$42,102/yr
40% on housing$36,840/yr
45% on housing$32,746/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: 10.4%
10.4%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 2.0%
2.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$66This listing

vs Other Active Listings

Avg $/sqft

ZIP 56258$103
Lyon County$93

vs Homes Sold Last Month

Median $/sqft

ZIP 56258$118
Lyon County$114

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
2026-08-05Price change$140,000
2026-07-29Price change$148,000
2026-07-27Price change$153,000
2026-07-23Price change$163,000
2026-07-21Listed for sale$163,500
2015-07-17Sold$134,000
2015-06-08Pending sale$134,500
2015-05-13Price change$134,500
2015-04-27Listed for sale$139,900
2009-11-25Sold$123,000

For Sale by Agent

AgentBrooke Thieschafer
BrokerageMOVE IT REAL ESTATE GROUP/LAKEHOMES.COM

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