1239 Madison Ave
Detroit Lakes, MN 56501
2 bd 1 ba 792 sqft Built 1976 Lot 2,642 sqft condo
Most recent sale
$65,000
May 2, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Sep 20, 2022 | Price changed | $107,500 | MLS #6234988 |
| Aug 29, 2022 | Price changed | $110,000 | MLS #6234988 |
| Aug 7, 2022 | Price changed | $115,000 | MLS #6234988 |
| Jul 29, 2022 | Price changed | $117,500 | MLS #6234988 |
| Jul 25, 2022 | Price changed | $119,900 | MLS #6234988 |
| Jul 14, 2022 | Listed | $123,000 | MLS #6234988 |
| May 2, 2022 | Sold | $65,000 | Public Record |
| Dec 3, 2014 | Sold | $45,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $83,400 | $26,500 | $109,900 | $1,108 |
| 2023 | $64,500 | $26,500 | $91,000 | $1,000 |
| 2022 | $51,700 | $23,300 | $75,000 | $914 |
| 2021 | $49,800 | $23,300 | $73,100 | $890 |
| 2020 | $49,800 | $23,300 | $73,100 | $920 |
| 2019 | $52,000 | $23,300 | $75,300 | $908 |
| 2018 | $48,400 | $23,300 | $71,700 | $740 |
| 2017 | $41,300 | $23,300 | $64,600 | $724 |
| 2016 | $36,400 | $23,300 | $59,700 | $698 |
| 2015 | $37,000 | $23,300 | $60,300 | $438 |
| 2014 | — | — | $33,100 | $392 |
| 2013 | — | — | $32,300 | $420 |
| 2012 | — | — | $34,200 | $430 |
| 2011 | — | — | $36,100 | $376 |
| 2009 | $41,400 | $21,900 | $63,300 | $378 |
| 2007 | $44,520 | $21,902 | $66,422 | $8 |
Property facts
Year built
1976
Property type
condo
Stories
—
Beds
2
Baths
1
Living area
792 sqft
Lot size
2,642 sqft
ZIP code
56501
City
Detroit Lakes
Street
Madison Ave
Coordinates
46.80948, -95.83525
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$390
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 1239 Madison Ave last sell?
1239 Madison Ave most recently sold on May 2, 2022 for $65,000.
What is the current tax assessment for 1239 Madison Ave?
The most recent total assessment for 1239 Madison Ave (year 2025) is $109,900 with $1,108 in property tax.
How does 1239 Madison Ave's assessment compare to its last sale price?
The current assessment is 69.1% above the last sale price of $65,000.
When was 1239 Madison Ave built?
1239 Madison Ave was built in 1976.
How does 1239 Madison Ave compare to others on Madison Ave?
We track 8 other properties on Madison Ave. Browse the list under "Other properties on Madison Ave" to compare beds, baths, and sale history.
What are the property facts for 1239 Madison Ave?
1239 Madison Ave is a 2 bed, 1 bath, 792 sqft, 2,642 sqft lot condo.
Is 1239 Madison Ave a flip candidate?
No — 1239 Madison Ave does not appear in our flips dataset.
Is 1239 Madison Ave a tax-appeal candidate?
Yes — 1239 Madison Ave appears in our tax-appeal candidates list, meaning its current assessment exceeds its recent sale price by 15% or more.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+1.3%
Implied 1-yr
+5.3%
2026 Q3
$397K
2026 Q4
$397K
ZIP 56501 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Madison Ave