Lori Gustafson

2882 261st Avenue

Madison, MN
$ 539,900 Beds 4 Baths 2 Sq 2,808
Monthly Estimate* How much can I afford?

Beautiful 20-Acre Hobby Farm with Country Views and Excellent Outbuildings This charming rambler/ranch-style home sits high on 20 beautiful acres, offering gorgeous views and a peaceful rural setting while still being conveniently located just minutes from Appleton, Dawson, and Madison. This property is currently set up as a wonderful hobby farm, with sheep, chickens, pigs, and peacocks. The property features feed bunkers extending along the roadway, making animal care convenient and organized. There is also a 28’ x 90’ machine shed, a couple lean-tos, a tool shed, and a well-appointed horse barn with stalls, providing plenty of space for livestock, equipment, storage, and all your country-living needs. The outdoor spaces are just as inviting. Enjoy evenings around the fire pit area, beautiful landscaping, and a lovely flower garden welcoming you at the front of the home. With the home positioned on higher ground, the property takes full advantage of the surrounding countryside and offers beautiful views. The home welcomes you with a spacious foyer and features convenient main-floor laundry. The main level offers a private primary bedroom with its own bathroom, two additional bedrooms, and another full bathroom. The large, open kitchen provides plenty of counter space and beautiful oak cabinetry, making it a warm and functional gathering space. The spacious living room features plenty of room for family and guests. The lower level offers even more living and storage space, including a comfortable family room with a gas fireplace, an additional bedroom, and large storage rooms. One lower-level bedroom does not have an egress window. There is also a dedicated area with shelving that is perfect for canning and storing homegrown goods. An additional 10-acre parcel is included with the property, offering even more possibilities. The parcel features a pond and grassy pasture area, making it ideal for horses or additional livestock. Looking for more room to expand? This parcel may also provide a wonderful opportunity for building another home. Whether you’re looking for a hobby farm, room for animals, space for equipment, a peaceful country home, or simply acreage with beautiful views, this property offers a rare combination of space, functionality, and rural charm. Conveniently located approximately 10 minutes from Appleton, Dawson, and Madison. Come enjoy country living with room to grow!

Single Family

  • Price
  • $ 539,900
  • City
  • Madison
  • Bedrooms
  • 4
  • Full Bathrooms
  • 2
  • County
  • LAC QUI PARLE
  • Half Bathrooms
  • 0
  • Area
  • Lot Size
  • 20.49 Acres
  • Zip
  • 56256
  • Sqr Footage
  • 2,808
  • Year Built
  • 1993
  • Taxes
  • $ 1780
  • Style
  • Single Family
  • MLS#
  • 7134670
Listed By: Peterson Team Realty
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 2808
Sewer Tank with Drainage Field
Heating Forced Air,Heat Pump
Cooling Central Air
Roof Age 8 Years or Less,Asphalt
Appliances Dryer,Range,Refrigerator,Washer,Water Softener Owned
Garage Spaces 2
Pool Features None
Construction Materials Concrete
Year Built 1993
Electric 200+ Amp Service
Topography Pasture
Levels One
Property Subtype Single Family
Tax Year 2026
Accessibility None
County Lac qui Parle
New Construction No
Property Type Residential
HOA No
Contingency None
Other Structures Garage(s),Kennel/Dog Run,Grain Bin,Hen House,Hog House
Full Baths 2
Directions 2882 261st Ave Madison MN 56256
City Madison
High School District Lac Qui Parle Valley
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 1780
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
Farm Type Hobby,Horse,Livestock,Poultry,Wooded/Hunting
Amenities Unit Ceiling Fan(s),Kitchen Center Island,Kitchen Window,Primary Bedroom Walk-In Closet,Main Floor Primary Bedroom,Porch,Washer/Dryer Hookup,Walk-In Closet
PostalCity Madison

Interior Features

Basement Block,Finished,Sump Pump
Total Fireplaces 2
Fireplace Features Family Room,Gas
Basement (Y/N) Yes
Fireplace Y/N Yes
Above Grade Finished Area 1404
Laundry Features Laundry Room,Main Level
Total Bedrooms 4
Below Grade Finished Area 1404
Total Baths 2
Bath Desc Full Primary,Private Primary,Main Floor Full Bath
Dining Room Description Eat In Kitchen,Informal Dining Room
Fuel Propane
Garage Dimensions 28x16
Garage Square Feet 448

Exterior Features

Fencing Electric
Parking Features Attached Garage,Gravel,Garage Door Opener
Lot Features Tree Coverage - Medium
Water Source Drilled,Private
Lot Size Area 20.49
Building Area Total 2808
Lot Dimensions 20
Waterfront Y/N No
Foundation Area 1404
Road Frontage Type County Road
Road Responsibility Private Maintained Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Faribault, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

8/29/2026 Listed $539,900

Property vs Zip Code Average in 56256

Price
AVG $200K
$540K
Taxes
AVG $1,878
$1,780
Year Built
AVG 1938
1993
Visits
AVG 75
8
Data Provided by Inside Real Estate®

Areas That We Cover

2882 261st Avenue Madison, MN is a Single Family Home for sale at $539900 with 2808 sqft and a lot size of 20.49 Acres Acre(s). 2882 261st Avenue Madison has 4 bedrooms, 2 baths and was built in 1993. The property's zip code is 56256 which is in Madison, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Lori Gustafson

Lori Gustafson

Broker Associate/Sales Agent

507-323-4348

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