TURN KEY PROPERTY Adorable and fully updated 2-bedroom, 1-bath cottage currently operating as a successful Airbnb! This charming home features fresh paint, new carpet, and a stylish tile backsplash in the kitchen. The elegant, spacious bathroom boasts modern fixtures and thoughtful updates. Upstairs you’ll find two generously sized bedrooms, each with walk-in closets, plus a cozy landing ideal for a reading nook or small office space. The laundry room is conveniently located just off the kitchen for added functionality. Step outside to a huge backyard complete with a firepit area—perfect for entertaining—and a handy shed for lawn tools. There's even plenty of space to add a garage. Whether you're looking for a cozy starter home or a turnkey investment property, this one is a must-see!
Sold for $115,000
$115,000
505 S Union Ave, Madison, SD 57042
2beds
1,010sqft
Single Family Residence
Built in 1889
7,100.28 Square Feet Lot
$116,000 Zestimate®
$114/sqft
$1,106 Estimated rent
Home value
$116,000
Estimated sales range
Not available
$1,106/mo
Zestimate® history
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$589/mo
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List your homeWhat's special
Huge backyardFirepit areaFresh paintCozy landingNew carpetGenerously sized bedroomsWalk-in closets
Zillow last checked:
Listing updated:
Listed by:
Callie J Wockenfuss,
Real Estate Retrievers of Sioux Falls
Bought with:
Bonnie J Sabers
Source: Realtor Association of the Sioux Empire,MLS#: 22503540
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Primary bedroom
- Description: carpet, closet
- Area: 192
- Dimensions: 16 x 12
Bedroom 2
- Description: large walk-in closet
- Area: 121
- Dimensions: 11 x 11
Kitchen
- Description: laminate floor, stove & refrigerator
- Area: 120
- Dimensions: 12 x 10
Living room
- Description: carpet, nice windows
- Area: 208
- Dimensions: 13 x 16
Heating
- Other
Cooling
- Wall Unit(s)
Appliances
- Included: Dryer, Electric Range, Microwave, Refrigerator, Stove Hood, Washer
Features
- Flooring: Carpet
Interior area
- Total interior livable area: 1,010 sqft
- Finished area above ground: 1,010
- Finished area below ground: 0
Property
Features
- Levels: Two
Lot
- Size: 7,100 sqft
- Dimensions: 50x142
- Features: City Lot
Details
- Additional structures: Shed(s)
- Parcel number: 210800010002010
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Two Story
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Roof: Composition
Condition
- Year built: 1889
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Madison
- Subdivision: No Subdivision
Other
Other facts
- Listing terms: Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 8/21/2025 | Sold | $115,000-11.5%$114/sqft |
Source:  Realtor Association of the Sioux Empire #22503540 Report a problem | ||
| 6/23/2025 | Price change | $129,900-3.7%$129/sqft |
Source: Realtor Association of the Sioux Empire #22503540 Report a problem | ||
| 5/12/2025 | Listed for sale | $134,900+187%$134/sqft |
Source: Realtor Association of the Sioux Empire #22503540 Report a problem | ||
| 9/1/2022 | Sold | $47,000$47/sqft |
Source: Realtor Association of the Sioux Empire #22202500 Report a problem | ||
| 8/12/2022 | Price change | $47,000-5.8%$47/sqft |
Source: Realtor Association of the Sioux Empire #22202500 Report a problem | ||
| 7/8/2022 | Price change | $49,900-20.2%$49/sqft |
Source: Realtor Association of the Sioux Empire #22202500 Report a problem | ||
| 6/16/2022 | Price change | $62,500-10.6%$62/sqft |
Source: Realtor Association of the Sioux Empire #22202500 Report a problem | ||
| 5/11/2022 | Listed for sale | $69,900$69/sqft |
Source: Realtor Association of the Sioux Empire #22202500 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $642 +3.7% | $38,700 +0.1% |
| 2024 | $619 +6.5% | $38,661 +7.4% |
| 2023 | $581 +1.6% | $36,000 +27.2% |
| 2022 | $572 +3.7% | $28,300 +22% |
| 2021 | $552 +11.2% | $23,200 |
| 2020 | $496 | $23,200 +16% |
| 2019 | -- | $20,000 |
| 2018 | -- | $20,000 |
| 2017 | -- | $20,000 |
| 2016 | -- | $20,000 +8.1% |
| 2013 | -- | $18,500 |
| 2012 | -- | $18,500 |
Find assessor info on the county website
Neighborhood: 57042
Nearby schools
GreatSchools rating
- 8/10Madison Elementary School - 07Grades: K-5Distance: 1.1 mi
- 7/10Madison Middle School - 02Grades: 6-8Distance: 1.4 mi
- 6/10Madison High School - 01Grades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: Madison ES
- Middle: Madison MS
- High: Madison HS
- District: Madison Central 39-2
Source: Realtor Association of the Sioux Empire. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- South Dakota
- Lake County
- Madison
- 57042
- 505 S Union Ave
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