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316 Madison Ave S, Edina, MN, 55343

$225,000

Home List Price

$2,672*

Closing Credit

2 Bedrooms
1 Full Bath
960 SqFt
$234/SqFt
House

Location

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316 Madison Ave S, Edina$225,000

Buyer Closing Credits

$2,672*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDetached
Garage2 spaces
Year Built1920
HeatingForced Air
CoolingCentral Air
BasementYes
MLS #6629023
StatusActive

About 316 Madison Ave S

OWNER OCCUPIED BUYERS ONLY, INCOME RESTRICTIONS APPLY. This property is part of the West Hennepin Affordable Housing Land Trust. Beautifully renovated two bedroom home with original hardwood floor in the living room, new flooring and windows throughout the rest of the home. Completely updated kitchen stainless steel appliances, new white cabinetry, counters and lighting. One bedroom on the main level, second bedroom and loft upstairs. Unfinished lower level with a rough in for a second bath, egress window for a third bedroom, new HVAC, water heater and radon mitigation system. Oversized two car garage. **Seller is in the process of splitting the lot, but it is not yet approved. Buyer must be ok with the lot split, or if not approved, with a double lot.**

Property Details

Property Features

Property Information:

  • Year Built: 1920
  • Living Area: 960 SqFt

Listing Office:

  • Office Name: Edina Realty, Inc.

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Detached

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Excelsior Blvd. to Blake Road, south to Belmore Ln, west to Madison Ave S, north to home

Price Information

Listing Price Info

Price Summary:

  • List Price: $225,000
  • Price Per SqFt: $234/SqFt
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Housing Market Comparison

See how this home compares to others in Edina, MN.

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Edina, MN

City

Med. Sold Price

$618.1K

Med. Price/SqFt

$256

Avg. Days On Market

32

# of Sold Homes

47

316 Madison Ave S vs Edina

39 DAYS ON ROCKET

+7 Days

$225,000

-$393.1K Less

$234/SqFt

-$22 Less

KEY TAKEAWAY

This property is $393.1K less than the Median Sold Price and $22/SqFt less than other homes in Edina, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6629023

Listing Office:

  • Office Name: Edina Realty, Inc.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/17/2024, 11:52:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4320232
2
/10

  • Alice Smith Elementary

  • 801 Minnetonka Mills Rd

  • 1.08 miles

  • Public District Grades KG-6

school-card-donut-4320233
2
/10

  • Eisenhower Elementary

  • 1001 Highway 7

  • 1.25 miles

  • Public District Grades KG-6

school-card-donut-4320234
7
/10

  • Xinxing Academy

  • 1001 Highway 7

  • 1.25 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $84,722. Most Edina, MN residents have annual incomes between $35k-100k. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 316 Madison Ave S

What is the listing price of this property?

The listing price of 316 Madison Ave S property is $225,000.

What type of property is this?

The property 316 Madison Ave S is a house located in Edina, Minnesota, 55343.

Is this property for sale now?

Active Listing: 316 Madison Ave S is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 316 Madison Ave S has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 316 Madison Ave S is 960 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 316 Madison Ave S is 1920.

Rocket Homes›Minnesota›Hennepin County›Edina›55343›316 Madison Ave S

This home is located at 316 Madison Ave S in Edina, MN and zip code 55343 in the President's neighborhood. This 960 square foot home was built in 1920. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since November 08, 2024 and is currently priced at $225,000.

Over 9 listings were sold over their listed price in November 2024 in Edina, MN. In the same period over 30 listings were sold below the listed price and 8 listings were sold for the listed price. Between October 2024 and November 2024, Edina, MN real estate market has seen decrease in the number of listings by 7.8%. The median list price of listings available in November 2024 was $618,139, while the average time on the real estate market was 32 days.

From Rocket Homes Real Estate and based on county public records data.

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