For Sale: Madelia MLS# 7133809
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Property Description
Build in the heart of Southern Minnesota with the flexibility you’ve been looking for! This desirable lot at 503 2nd St SE offers no HOA and no restrictive covenants, giving you more freedom to build a home that fits your vision. Underground utilities are already in place, including electric, city water, sewer, and fiber optic cable, with no upcoming assessment for utility installation—a major advantage when planning your build. Madelia is a central Southern Minnesota location, approximately 30 minutes from Mankato, New Ulm, and Fairmont, making it easy to enjoy the amenities of larger communities while coming home to a lively small-town atmosphere. Madelia’s downtown offers local shops, restaurants, businesses, community events, and plenty of activity throughout the year. With a welcoming community and plenty happening throughout the year, Madelia offers both convenience and character. If you've been waiting for the right place to build, this lot is ready for your vision—with the infrastructure already in place and the freedom to make it your own.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$35,000
Property Type:
Lot/Land
City:
Madelia
County:
Watonwan
State:
MN
Property Style:
Lot/Land
Zip Code:
56062
Exterior
Road Responsibility:
Public Maintained Road
Road Frontage:
City Street
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.3
Geolocation:
44.0488523434, -94.4059711755
Inclusions:
Survey Stakes, Torrens
Lot Dimensions:
Irregular
Restrictions:
Open
Zoning:
Residential-Single Family
Lot Description:
Underground Utilities
Farm
Topography:
Level
Schools
School District:
837
District Phone:
5076423232
Financial & Taxes
Tax Year:
2026
Annual Taxes:
None
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
None
Association Fee Required:
No
Association Fee:
None
Taxable Acres:
0
Miscellaneous
Development Status:
Subdivided
Improvements:
Curbs, Paved Streets, Public Road
Available Utilities:
- Electricity Available
- Electricity Connected
- Sewer Available
- Sewer Connected
- Underground Utilities Available
- Underground Utilities Connected
- Water Available
- Water Connected
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of True Real Estate.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.