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502 NW 2nd St, Madison, SD, 57042

$175,000

Home List Price

$2,078*

Closing Credit

3 Bedrooms
1 Full Bath
1,430 SqFt
$122/SqFt
House

Location

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502 NW 2nd St, Madison$175,000

Buyer Closing Credits

$2,078*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Garage2 spaces
Year Built1900
HeatingCentral, Gas, Baseboard
CoolingCentral Air
MLS #22408072
StatusActive

About 502 NW 2nd St

This charming residence, situated on a corner lot, features three bedrooms, a spacious bathroom, a formal dining area, and a generous eat-in kitchen equipped with ample cupboard and counter space. The home showcases beautiful hardwood floors and has been thoughtfully updated with vinyl siding, central air conditioning, a new furnace, and new windows. For your convenience, all appliances are included. The basement provides ample storage space and offers potential for additional use. Additionally, a double detached garage and a fenced-in yard enhance the functionality of the property. We invite you to schedule a tour to explore this character-filled home.

Property Details

Property Features

Property Information:

  • Architectural Style: None
  • Year Built: 1900
  • Living Area: 1,430 SqFt

Listing Office:

  • Office Name: Signature Realty Group LLC
  • Listing Agent: Lori Hansen

Interior Features

Interior Information:

  • Appliances: Electric Range, Dishwasher, Disposal, Refrigerator, Ceiling Fan(s), Washer, Dryer, Garage Door Opener
  • Flooring Type: Carpet, Laminate, Vinyl
  • Interior: Master Bed Main Level, Formal Dining Rm, 9 FT+ Ceiling in Lwr Lvl, Main Floor Laundry

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No

Lot Features

Lot Information:

  • Lot: Corner Lot, City Lot

Utilities

Utilities Information:

  • Heating: Central, Gas, Baseboard
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Madison High School - 01, Public District Grades 9-12
  • Madison Middle School - 02, Public District Grades 6-8
  • Madison Elementary School - 07, Public District Grades KG-5

Other

Directions Information:

  • Directions: 2nd ST. N.W corner of Union & 2nd.

Price Information

Listing Price Info

Price Summary:

  • List Price: $175,000
  • Price Per SqFt: $122/SqFt
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Housing Market Comparison

See how this home compares to others in Madison, SD.

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Madison, SD

City

Med. List Price

$295K

Med. Price/SqFt

$184

Avg. Days On Market

59

502 NW 2nd St vs Madison

3 DAYS ON ROCKET

-56 Days

$175,000

-$120K Less

$122/SqFt

-$63 Less

KEY TAKEAWAY

This property is $120K less than the Median List Price and $63/SqFt less than other homes in Madison, SD.

Based on homes listed in October 2024

MLS Details

MLS Information:

  • MLS Number: #22408072

Listing Office:

  • Office Name: Signature Realty Group LLC
  • Listing Agent: Lori Hansen

IDXThe data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the REALTOR® Association of the Sioux Empire, Inc., Multiple Listing Service. Real estate listings held by other brokerage firms are marked with the Internet Data Exchange™ logo or the Internet Data Exchange thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The broker(s) providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The REALTOR® Association of the Sioux Empire, Inc. does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.
Broker Reciprocity
©2024 REALTOR® Association of the Sioux Empire, Inc. Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/5/2024, 7:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020 - $69,600
2018 - $60,100

History based on county public records data.

Payment Calculator

$941

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$591

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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.

Elementary School

school-card-donut-2001162
6
/10

  • Madison Elementary School - 07

  • 700 NW 9th St

  • 0.64 miles

  • Public District Grades KG-5

Middle School

school-card-donut-2001163
5
/10

  • Madison Middle School - 02

  • 830 NE 9th St

  • 1.03 miles

  • Public District Grades 6-8

High School

school-card-donut-2001164
4
/10

  • Madison High School - 01

  • 800 NE 9th St

  • 0.99 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $52,183. The majority of Madison, SD residents have income between $35k-100k annually. Most families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 502 NW 2nd St

What is the listing price of this property?

The listing price of 502 NW 2nd St property is $175,000.

What type of property is this?

The property 502 NW 2nd St is a house located in Madison, South Dakota, 57042.

Is this property for sale now?

Active Listing: 502 NW 2nd St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 502 NW 2nd St are:
Madison Elementary School - 07: GreatSchools Rating 6/10
Madison Middle School - 02: GreatSchools Rating 5/10
Madison High School - 01: GreatSchools Rating 4/10

How many bedrooms and bathrooms does this property have?

The property at 502 NW 2nd St has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 502 NW 2nd St is 1,430 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 502 NW 2nd St is 1900.

Rocket Homes›South Dakota›Lake County›Madison›57042›502 NW 2nd St

This home is located at 502 NW 2nd St in Madison, SD and zip code 57042. This 1,430 square foot home was built in 1900. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since November 01, 2024 and is currently priced at $175,000.

In October 2024 in Madison, SD there were 42.1% more homes for sale than in September 2024. In October 2024, listings were on the market for 59 days. During the same period, the median list price in this real estate market was $295,000.

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

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