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1509 Ellis Ave, Marshall, MN, 56258

3beds
2baths
1,740sqft
$440,000
$253price/sqft
$3,394/moest. monthly cost
$135,760/yrincome needed

About This Home

Enjoy the comfort and simplicity of brand-new, one-level living in this beautiful 3 bedroom, 2 bath ranch-style home. Designed with both style and functionality in mind, this home features many upgraded building materials such as LP SmartSide siding, architectural shingles, custom cabinets and trim work, solid doors, and a spacious 3-stall attached garage—giving you durability and curb appeal from day one. Step inside and you’ll appreciate the natural light, tasteful modern color palettes, and a layout designed for comfortable everyday living. With everything brand new and thoughtfully finished, this home is truly turn-key. Don't worry of maintenance costs or major capital improvements for years to come! This home offers a sense of privacy while still being conveniently located near a park, and close to Highway 59 access. If you're looking for a new construction home with modern finishes, low maintenance, and a great location, this one is ready to welcome you home!

Getting Around

25
WalkingCar-Dependent
0
TransitVery Limited Transit
33
BikeSomewhat Bikeable

Schools

6/10
Marshall Middle SchoolGrades 5-80.9 mi
6/10
Marshall High SchoolGrades 9-122.3 mi
--

Construction

Condition

  • Year built: 2026

Materials

  • Roof: Age 8 Years or Less,Architectural Shingle
  • Construction materials: Frame,Structurally Insulated Panels

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Appliances

  • Appliances included: Stainless Steel Appliance(s)
  • Laundry features: Main Level

Basement

  • Has basement: Yes
  • Basement: Full

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Finished area below ground: 0
  • Finished area above ground: 1,740

Heating & Cooling

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

Interior Area

  • Total structure area: 1,740
  • Total interior livable area: 1,740 sqft

Property

Accessibility

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

Details

  • Parcel number: 278260220
  • Zoning description: Residential-Single Family
  • Foundation area: 1740

Features

  • Levels: One
  • Stories: 1

Lot

  • Lot size: 0.34 Acres
  • Lot size dimensions: 135 x 108

Parking

  • Total spaces: 3
  • Parking features: Attached,Concrete
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3

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
  • Inland Flooding
    Inland FloodingRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Hail
    HailModerate
  • Ice Storm
    Ice StormModerate

How This Home’s Risks Compare

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

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 $2,224$26,688
Home Insurance *$418$5,016
Property Taxes $582$6,984
Electricity $170$2,050
Total$3,394$40,728
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$116,365/yr
40% on housing$101,820/yr
45% on housing$90,506/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

$253This listing

vs Other Active Listings

Avg $/sqft

ZIP 56258$94
Lyon County$89

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
2026-03-15Price change$440,000
2026-02-26Pending sale$32,000
2020-10-21Listed for sale$32,000

For Sale by Agent

AgentTara Onken
BrokerageEdina Realty, Inc.

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