OFF MARKET

Off market jan 2020 for $214K

$321,344

Est. refi paymentEst. refi $1,868/mo

•

—

sq ft

531 3rd St SW, Madelia, MN 56062

About this home

Pride of ownership is apparent in this 4-bedroom, 2-bath home. Located on a quiet cul-de-sac the home offers a .6-acre lot with circle drive, mature trees, stunning landscaping & privacy from neighbors with natural screen of evergreen trees. Preparing holiday meals in your new kitchen will be a breeze with a professional series built-in convection oven and cook-top. You will be amazed by the storage available from all the closets and cabinetry available inside to the wall of built in cabinetry in the garage. The family room is a real treat on chilly days with its gas fireplace with brick accent wall and built-in bookcases. Lower level offers 2 bedrooms, bathroom and two large storage rooms. Noteworthy items: New roof installed July 2019, steel siding and replacement Anderson Windows. Quick possession available.

Single-familyProperty Type

1981Year Built

0.6 acresLot Size

2 car garageParking

Listed by Sarah Gunderson • NuStar Realty

Redfin checked: a minute ago

•Source:NORTHSTARMLS as Distributed by MLS Grid #5332140

Redfin Estimate

$321,344

$106K since sold in January 2020$6,000 since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 18.6% higher than the average sale price ($271K) of 5 comparable homes.

SOLD JUL 9, 2026
$310,000
A
4 beds2 baths— sq ft
519 4th St SW, Madelia, MN 56062
SOLD SEP 18, 2026
$235,000
B
3 beds2 baths2,016 sq ft
1141 8th Street North St, Saint James, MN 56081
SOLD AUG 7, 2026
$290,000
C
4 beds3 baths— sq ft
1134 9th St N, Saint James, MN 56081
SOLD JUN 16, 2026
$275,000
D
4 beds3 baths2,592 sq ft
1140 N 9th Street St, Saint James, MN 56081
SOLD JUN 1, 2026
$245,000
E
4 beds2 baths1,725 sq ft
608 SW 1st St, Madelia, MN 56062

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Earn from this home

Refinance

Est. cash available

Get cash now or lower your monthly rate

Rent

$2,829/mo

Redfin rental estimate

List your home for rent

Market trends in 56062, MN

Last updated September 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

97.0%

+1.0% MoM

Median sale price

$198K

$23K MoM

Avg. days on market

32d

1 days MoM

Recently sold homes

2 MoM

New listings for sale

$349,900
3 beds2 baths2,388 sq ft
84777 State Highway 60, Madelia, MN 56062
$295,000
2 beds3 baths2,635 sq ft
233 Gilbert Ave SW, Madelia, MN 56062
See all

Provided by Redfin

Sale history for 531 3rd St SW

Date

Event

Price

Public Records

Mar 3, 2020

Sold

$214,900

NORTHSTARMLS as Distributed by MLS Grid #5332140

Jan 17, 2020

Sold

$214,900

Nov 11, 2019

Listed

$214,900

RASM #7022743

Jan 17, 2020

Sold

$214,900

Nov 11, 2019

Listed

$214,900

+21

Pride of ownership is apparent in this 4-bedroom, 2-bath home. Located on a quiet cul-de-sac the home offers a . 6-acre lot with circle drive, mature trees, stunning landscaping & privacy from neighbors with natural screen of evergreen trees. Preparing holiday meals in your new kitchen will be a breeze with a professional series built-in convection oven and cook-top. You will be amazed by the storage available from all the closets and cabinetry available inside to the wall of built in cabinetry in the garage. The family room is a real treat on chilly days with its gas fireplace with brick accent wall and built-in bookcases. Lower level offers 2 bedrooms, bathroom and two large storage rooms. Noteworthy items: New roof installed July 2019, steel siding and replacement Anderson Windows. Quick possession available.

Year

Property tax

Land + Additions

Assessment*

2026

$4,780 (+17.4%)

2025

$4,072 (+10.5%)

2024

$3,686 (−1.9%)

2023

$3,758 (+8.7%)

2022

$3,456 (+15.4%)

2021

$2,996 (+19.9%)

2020

$2,498 (−4.9%)

2019

$2,628 (−5.2%)

2018

$2,772 (+23.5%)

$25,278 + $140,722

$166,000

2017

$2,244 (+15.3%)

$20,182 + $107,918

$128,100

2016

$1,946 (+2.1%)

$19,287 + $86,913

$106,200

2015

$1,906 (+0.4%)

$19,244 + $86,156

$105,400

2014

$1,898 (−7.8%)

$19,277 + $86,623

$105,900

2013

$2,058

$23,900 + $107,400

$131,300

Tax history for 531 3rd St SW

Year

Property tax

Land + Additions

Assessment*

2026

$4,780 (+17.4%)

2025

$4,072 (+10.5%)

2024

$3,686 (−1.9%)

2023

$3,758 (+8.7%)

2022

$3,456 (+15.4%)

2021

$2,996 (+19.9%)

2020

$2,498 (−4.9%)

2019

$2,628 (−5.2%)

2018

$2,772 (+23.5%)

$25,278 + $140,722

$166,000

2017

$2,244 (+15.3%)

$20,182 + $107,918

$128,100

2016

$1,946 (+2.1%)

$19,287 + $86,913

$106,200

2015

$1,906 (+0.4%)

$19,244 + $86,156

$105,400

2014

$1,898 (−7.8%)

$19,277 + $86,623

$105,900

2013

$2,058

$23,900 + $107,400

$131,300

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

0.6 Acres

Year renovated

1989

Sq. Ft.

2,092

Year built

1981

Style

Single Family Residential

County

Watonwan County

APN

177010090

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 1, 2026.

Property details

Parking

Parking Information
Parking Features: Attached Garage, Concrete, Garage Door Opener
Garage Spaces: 2

Interior

Bedroom Information
# of Bedrooms: 4

Bathroom Information
# of Full Baths (Total): 1
# of Three Quarter Baths (Total): 1

Room 1 Information
Room Type: Bedroom 2
Room Dimensions: 14x11
Room Level: Main

Room 2 Information
Room Type: Bedroom 3
Room Dimensions: .
Room Level: Lower

Room 3 Information
Room Type: Bedroom 1
Room Dimensions: 13x13
Room Level: Main

Room 4 Information
Room Type: Bedroom 4
Room Dimensions: .
Room Level: Lower

Room 5 Information
Room Type: Family Room
Room Dimensions: .
Room Level: Lower

Room 6 Information
Room Type: Kitchen
Room Dimensions: 11x12
Room Level: Main

Room 7 Information
Room Type: Living Room
Room Dimensions: 20x15
Room Level: Main

Room 8 Information
Room Dimensions: .
Room Level: Main

Room 9 Information
Room Type: Dining Room
Room Dimensions: 10x12
Room Level: Main

Basement Information
Basement Features: Block, Drainage System, Egress Window(s), Finished, Full, Sump Pump

Dining Room Information
Dining Room Features: Kitchen/Dining Room

Other Rooms Information
All Living Facilities on One Level,Main Floor Laundry

Fireplace Information
Has Fireplace
# of Fireplaces: 1
Fireplace Features: Brick, Family Room, Gas

Heating & Cooling
Heating Information: Forced Air, Fireplace(s)
Cooling Information: Central Air

Interior Features
Room Type: Living Room, Dining Room, Family Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Three Season Porch
Appliances: Cooktop, Dishwasher, Dryer, Exhaust Fan, Microwave, Refrigerator, Wall Oven, Washer, Water Softener Owned

Exterior

Building Information
Construction Materials: Brick/Stone, Steel Siding
Foundation Area: 1,176
Roof: Age 8 Years or Less, Asphalt

Property Information
FractionalOwnershipYN: No
Property Type: Residential
Property Sub Type: Single Family Residence
Above Grade Finished Area: 1,392
Below Grade Finished Area: 1,176

Lot Information
Lot Features: Irregular Lot, Tree Coverage - Medium
Lot Size Area: 0.6
Lot Size Units: Acres
Lot Size Dimensions: IRREG
Road Frontage Type: City Street, Cul De Sac, Curbs

Financial

Tax Information
Tax Annual Amount: $2,593
Tax Year: 2019
Tax With Assessments: $2,628

Lease / Rent Details
RentalLicense Y/N: No

Utilities

Utility Information
Water Source: City Water/Connected
Sewer: City Sewer/Connected
Fuel: Natural Gas

Location

School Information
High School District: Madelia
School District Number: 837
School District Phone: 507-642-3232

Location Information
Directions: Highway 14 to Madelia. Take County 9 exit. Turn right on Co. 9. Slight left on to Benzel Ave SW. Turn left onto 3rd St. SW. Home in cul-de-sac straight ahead.
Map Coordinate: 999-A1

Public facts

Beds: 4
Baths: 2.0
Sq. Ft.: 2,092
Stories: 1.0
Lot Size: 0.6 acres
Style: Single Family Residential
Year Built: 1981
Year Renovated: 1989
County: Watonwan County
APN: 177010090

Home facts updated by county records on Sep 1, 2026

Other

Home Information
Living Area: 2568
Levels: One

Around this home

Schools

Madelia Elementary School

Public PreK-6 • Assigned • 0.6mi

3/10

Madelia Secondary

Public 7-12 • Assigned • 0.6mi

4/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

2/10 Heat Factor

7 days above 100° expected this year, 15 days in 30 years

2/10 Wind Factor

Minor risk of severe winds over next 30 years

1/10 Air Factor

0 unhealthy days expected this year, 0 days in 30 years

Provided by First Street

Historical weather

Madelia, MN • 56062

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 10.4 hours in June and 3.8 hours in December, which is comparable to the U.S. average for solar exposure.

10.4 hrs

3.8 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$306,000 – $370,000

Sell confidently with a local market expert in Madelia. 3 minutes to get started.

Nearby similar homes

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New listings for sale in 56062

$349,900

3 beds2 baths2,388 sq ft

84777 State Highway 60, Madelia, MN 56062

$295,000

2 beds3 baths2,635 sq ft

233 Gilbert Ave SW, Madelia, MN 56062

Home values near 531 3rd St SW

Data from public records.

Address	Redfin Estimate
514 3rd Street Southwest, Madelia, MN 5 Beds \| 3 Baths \| 4162 Sq. Ft.	$306,293
530 3rd Street Southwest, Madelia, MN 3 Beds \| 3 Baths \| 2258 Sq. Ft.	$398,386

Address	Redfin Estimate
503 3rd Street Southwest, Madelia, MN 3 Beds \| 2 Baths \| 2039 Sq. Ft.	$252,253
528 3rd Street Southwest, Madelia, MN 5 Beds \| 4 Baths \| 3520 Sq. Ft.	$432,346

Address	Redfin Estimate
511 SW 3rd Street, Madelia, MN 3 Beds \| 2 Baths \| 1684 Sq. Ft.	$239,271
523 3rd Street Southwest, Madelia, MN 5 Beds \| 3 Baths \| - Sq. Ft.	$404,390

Property information provided by NORTHSTARMLS as Distributed by MLS Grid when last listed in 2019. This data may not match . Learn more.

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