1221 Madison Avenue, Unit 215, Detroit Lakes, MN 56501
2 Beds | 1 Bath | 792 Sq Ft | Single Family Home | MLS# 7140931
Is 1221 Madison Avenue a Good Deal?
BuyPulse Verdict
Strong Value
At $208/sqft — This home is priced 9% below the typical Detroit Lakes single-family home of $228/sqft.
Your Negotiating Position
40 — Seller-leaning market
Day 6 — Detroit Lakes homes overall typically go under contract by day ~21, so this one is early in its window.
5 similar homes for sale — alternatives if they won't move.
Powered by the Realgorithm™ — 120 active Detroit Lakes listings · NorthstarMLS
$1,253/month Estimated
- Principal & interest
- $834
- Property taxes
- $91
- Home insurance (est.)
- $96
- Special assessments
- $7
- HOA dues
- $225/mo
20% down ($32,980) · 30-yr fixed, 6.5% · Can I afford this home?
Includes special assessments — the FM-metro cost most portals leave out. Estimates only; confirm before you offer.
Located in CORBETT NBHD, Detroit Lakes, MN.
About This Home
Clean, customized, and completely turn-key. This updated 2-bedroom, 1-bathroom condo offers true low-maintenance living at an affordable price. ?The highlight is the brand-new kitchen cabinets with functional flow and extra counterspace for prep and entertaining. Fresh finishes run throughout the entire space, featuring an efficient open layout, two comfortable bedrooms with ample closet storage, and a sharp, updated full bath. ?Ideally positioned close to the High School, parks, lake and so much more for everyday living in the heart of Detroit Lakes.
BuyPulse™ — Live Market Read
Homes like this one — single-family homes between $124K and $206K in Detroit Lakes:
- The field: 5 similar Detroit Lakes homes for sale — a short list right now.
Powered by the Realgorithm™ — real Detroit Lakes closings, zero guesses · NorthstarMLS
Key Features
- Property Type
- Single Family
- Year Built
- 1971
- Above Grade
- 792 sq ft
- Lot Size
- 0.06 acres
- Garage
- 1-car (Detached Garage, Asphalt, Garage Door Opener)
- Heating
- Boiler
- Cooling
- Wall Unit(s)
- Sewer
- City Sewer - In Street
- Water
- City Water/Connected
- HOA
- $225/Monthly (includes Gas, Maintenance Grounds, Snow Removal, Water)
- Annual Taxes
- $1,087
- Special Assessments
- $85
- County
- Becker
- Days on Market
- 6
1221 Madison Avenue, Unit 215 is listed in Detroit Lakes, MN, part of Becker County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 1221 Madison Avenue, Unit 215
Associate Broker · Modern Market REALTORS®
Your Detroit Lakes real estate expert since 2012 — I represent you, not the seller. Quick to respond, easy to text.
Listed by REMAX Lakes Region · Shown by Modern Market REALTORS®
First-Time Home Buyer Guide for Fargo-Moorhead — ND/MN buyer programs, budgeting, and the 7-step process.
View Full Listing & PhotosMLS# 7140931 · Data refreshed September 9, 2026
Similar Homes for Sale Near 1221 Madison Avenue, Detroit Lakes, MN
Frequently Asked Questions About 1221 Madison Avenue, Unit 215
- Is $164,900 a good price for a home in Detroit Lakes?
- According to BuyPulse, 1221 Madison Avenue rates Strong Value — at $208/sqft it's priced 9% below the typical Detroit Lakes single-family home of $228/sqft. Its negotiating-position score is 40/100 (Seller-leaning market), weighed on days on market, comparable inventory, and how Detroit Lakes homes are closing versus list. Powered by the Realgorithm™. Browse Detroit Lakes homes for sale to compare.
- What are the special assessments at 1221 Madison Avenue — and what do they mean?
- This property has $85/yr in annual special assessments, with no specials pending. Special assessments are separate from property taxes — they are charges levied by the city for infrastructure improvements like streets, water, sewer, and sidewalks. Annual property taxes are $1,087/yr. Always factor both into your total monthly housing cost before making an offer.
- Does 1221 Madison Avenue have an HOA?
- Yes, 1221 Madison Avenue has a homeowners association with dues of $225 monthly. HOA includes: Gas, Maintenance Grounds, Snow Removal, Water.
- What type of heating and cooling does 1221 Madison Avenue have?
- 1221 Madison Avenue has Boiler heating and Wall Unit(s) cooling.
- Where is 1221 Madison Avenue located?
- 1221 Madison Avenue is in the Corbett Nbhd neighborhood of Detroit Lakes, MN 56501, in Becker County.
- Is 1221 Madison Avenue still available?
- Yes — 1221 Madison Avenue is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
- When was 1221 Madison Avenue built?
- 1221 Madison Avenue was built in 1971. It features a combination foundation.
- How many homes like 1221 Madison Avenue are for sale in Detroit Lakes?
- 5 similar homes (single-family homes between $124K and $206K in Detroit Lakes) are for sale right now — a short list right now.
- What does "BuyPulse" mean?
- BuyPulse is Modern Market REALTORS®’ live market-data brand for Fargo-Moorhead: cohort statistics — homes for sale, median days to pending, and share of sales closing at or over list price — computed from real NorthstarMLS closings, not estimates.
- What does "Realgorithm™" mean?
- The Realgorithm™ is Modern Market REALTORS®’ proprietary market-data engine — it computes every BuyPulse verdict from real NorthstarMLS closings (comparable active inventory, median days to pending, and sale-to-list price ratio) rather than an automated online estimate.
Local Companies to Help You Settle In
From inspection to closing to moving day, here are well-known local companies serving the Detroit Lakes area.