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For sale
  • $489,000

    1923 131st St, Magnolia, MN 56158

    2beds
    1,232sqft
    : 
    $3,127/mo
    Get pre-qualified
    Farm
    Built in 1979
    7.48 Acres Lot
    $462,200 Zestimate®
    $397/sqft
    $-- HOA

    What's special

    New lp smartside sidingNew windowsNew electric furnace
    7.48-Acre Property with Updated Home, Large Morton Building & Grain Storage Come check out this impressive 7.48-acre property located at 1923 131st St, Magnolia, MN 56158! Offering a well maintained 2-bedroom, 2-bathroom home with 1,232 sq. ft., this property combines comfortable living with excellent shop, storage, and agricultural capabilities. The home was built in 1979 and has seen numerous updates, including new LP SmartSide siding, roof, gutters, and doors in 2024, a new electric furnace in 2023, and new windows in 2020. The basement also has an installed radon system with a sump pump that is equipped with battery backup. It has also been tiled around the basement to keep your water worries at ease. One of the standout features is the 60′ x 99′ Morton building, offering plenty of room for equipment, vehicles, projects, and storage. The building features an all-concrete floor, 14-foot sidewalls, and a 24′ x 12′ overhead door. It also has water service, 220-volt electric, and all-new tin installed in 2024. For those looking for substantial grain-storage capacity, the property includes four grain bins with capacities of approximately 42,000, 18,000, 10,000, and 9,000 bushels. The 42,000- and 18,000-bushel bins come equipped power sweeps, while the 10,000-bushel bin is equipped with drying capabilities. The dryer bin has a DMC continuous system with 2 new burners and 2 new centrifugal fans. The property is serviced by Rock County Rural Water, Sioux Valley Electric, and Alliance for internet, providing the essential utilities for both the home and property. With nearly 7.5 acres, an updated home, a large Morton building, and significant grain-storage capacity, this property offers a unique combination of country living and practical agricultural infrastructure.
    24 days
    411
    21

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Ryan Zomer 712-441-3970,

    Zomer Company,

    Jeff Elegersma 712-441-4786

    Source: My State MLS,MLS#: 11999302

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 3
      • Full bathrooms: 2
      • 1/2 bathrooms: 1
      Rooms
      • Room types: Dining Room, Living Room
      Basement
      • Area: 0
      Heating
      • Electric, Forced Air
      Cooling
      • Central
      Appliances
      • Included: Dishwasher, Dryer, Refrigerator, Microwave, Oven, Washer
      Features
      • Flooring: Carpet
      • Basement: Unfinished
      • Has fireplace: No
      Interior area
      • Total structure area: 1,232
      • Total interior livable area: 1,232 sqft
      • Finished area above ground: 1,232

      Property

      Parking
      • Total spaces: 2
      • Parking features: Attached
      • Garage spaces: 2
      Lot
      • Size: 7.48 Acres
      Details
      • Additional structures: General Outbuilding
      • Parcel number: 120097000
      • Lease amount: $0

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Farm
      Materials
      • HardiPlank Type
      • Roof: Asphalt
      Condition
      • New construction: No
      • Year built: 1979

      Utilities & green energy

      • Electric: Amps(0)

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Magnolia

      Financial & listing details

      • Price per square foot: $397/sqft
      • Tax assessed value: $392,200
      • Annual tax amount: $1,112
      • Date on market: 9/24/2026
      • Date available: 09/24/2026
      • Listing agreement: Exclusive

        Estimated market value

        $462,200

        $439,000 - $485,000

        $1,430/mo

        Price history

        DateEventPrice
        9/24/2026Listed for sale$489,000$397/sqft
        Source: My State MLS #11999302 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,048 +1.6%$392,200 -0.2%
        2024$1,032 -5.7%$393,000 +4.4%
        2023$1,094 +27.2%$376,600 +14.5%
        2022$860 -8.5%$329,000 +13.4%
        2021$940 +8.3%$290,100 +0.7%
        2020$868 -48.6%$288,200 -65.5%
        2019$1,690 +2.4%$835,400 +1.1%
        2018$1,650 +22.4%$826,200 +0.5%
        2017$1,348 +3.5%$821,900 -5.4%
        2016$1,302 +11.7%$868,900
        2015$1,166 --
        2014-- --
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 56158

        Getting around

        0 / 100
        Car-Dependent
        26 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating