Does this property have an HOA?

No, this property does not have a homeowners association.

What are the annual property taxes?

Annual property taxes are $1,902 (2026).

What school district is this property in?

This property is in the 837 - Madelia school district.

How long has this property been on the market?

This property has been listed for 55 days.

Listed at

$190,000

$152/sqft

903 2nd Street

903 2nd Street, Madelia, MN, 56062

3 Bedrooms2 Bathrooms1,247 Square Feet0.192 Acres

Days on market55

Year built1942

ParkingGravel

TypeResidential

Est. $2,700buyer credit when you buy with SODL

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About this home

Completely renovated in 2023, this charming home has been thoughtfully rebuilt from the inside out, offering the peace of mind that comes with modern updates and stylish finishes. Don't let its quaint exterior fool you—step inside to discover a beautifully finished interior with a surprisingly functional layout and additional living space in the finished basement. The main level features the convenience of laundry, while the basement provides the perfect spot for a family room, home office, or guest space. Situated on a corner lot in an established neighborhood, the property also offers room to build a garage if desired, giving you the flexibility to add value in the future. Whether you're looking for your first home, downsizing, or simply want a move-in ready property with today's finishes, this home is one you won't want to miss.

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Home facts

Property typeResidential

Property subtypeSingle Family

Year built1942

LevelsOne

Living area1,247 sqft

Above-grade finished965 sqft

Below-grade finished282 sqft

Lot size0.192 acres (60 x 140)

Days on market55

ListedJul 1, 2026

MLS #NST7103439

CountyWatonwan

Parcel #171000790

Facts & features

Interior

Bedrooms: 3
Bathrooms: 2
Bath breakdown: 1 full / 1 3/4
Heating: Forced Air
Cooling: Central Air
Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Washer

Property

Levels / stories: One
Parking features: Gravel
Patio & porch: Patio
Exterior features: Vinyl
Fencing: None
Other structures: Storage Shed

Construction

Property type: Residential
Property subtype: Single Family
Foundation: Block · 625 sqft
Roof: Asphalt
Year built: 1942

Utilities

Water: City Water - In Street
Sewer: City Sewer - In Street
Fuel: Natural Gas
Electric: Circuit Breakers

Community & HOA

HOA: No HOA
School district: 837 - Madelia
High school district: Madelia

Financial & listing details

Annual tax: $1,902 (2026)
Tax with assessments: 1940
Listed: Jul 1, 2026
Days on market: 55 · 28 cumulative
Manufactured home: Yes

Interior details

Total bathrooms2

Full baths1

3/4 baths1

Half baths0

1/4 baths0

BasementEgress Window(s), Partially Finished, Storage Space, Sump Pump

HeatingForced Air

CoolingCentral Air

LaundryMain Level

AppliancesDishwasher, Dryer, Microwave, Refrigerator, Washer

DiningEat In Kitchen, Informal Dining Room

AmenitiesCeiling Fan(s), Main Floor Primary Bedroom, Patio, Washer/Dryer Hookup

AccessibilityNone

Special featuresMain Floor Laundry

Exterior & lot

ExteriorVinyl

RoofAsphalt

FoundationBlock

Foundation area625 sqft

Patio/porchPatio

Lot featuresCorner Lot, Tree Coverage - Light

Road frontagePaved Streets

Road responsibilityPublic Maintained Road

ZoningResidential-Single Family

Utilities

Water sourceCity Water - In Street

SewerCity Sewer - In Street

FuelNatural Gas

Parking & garage

ParkingGravel

Garage spaces0

Financial details

Annual taxes$1,902

Tax year2026

Taxes w/ assessments1940

Assessment pendingNo

Down payment resourceYes

Lender ownedNo

Short saleNo

ForeclosureNo

Schools

District837 - Madelia

District number837

District phone5076423232

High schoolMadelia

SODL flat fee brokerage

$2,700Estimated buyer credit

SODL platform fee $3,000Your buyer credit $2,700

Buyer-side commission

3.0%

How SODL buyer credits work

When you buy with SODL, the brokerage charges a flat $3,000 platform fee at closing. The remaining buyer-side commission (typically 3% of the purchase price) is credited directly back to you at closing, reducing the cash you bring to the table.

Tour homes with SODL’s flexible showing network
Submit offers and manage your transaction through the platform
Keep more money at closing through transparent flat-fee pricing

A clear, modern way to buy with expert guidance and meaningful savings.

Estimated monthly payment

$1,220/mo

Principal & interest$999

Property taxes$159

Home insurance (est.)$63

Down payment

$38,000

0%50%

Credit score

Loan term

These payment estimates are for illustration purposes only and may vary based on your lender, interest rate, credit profile, down payment, taxes, insurance, and loan terms. For a more accurate monthly payment estimate, speak with your lender or connect with SODL’s preferred lending partner.