You will enjoy the scenic views of Beautiful Lake Herman. This Lake offers fishing and boating opportunities in a convenient location near the Madison Country Club Golf Course and just down the road from Lake Herman State Park. Note, however, that there is an existing house on the property that is recommended for tear down due to mold issues, and it is being sold as-is. This is an opportunity to have one of the last remaining buildable lots on Lake Herman!
Sold for $75,000 on 03/14/25
$75,000
1540 Territorial Rd, Madison, SD 57042
--beds
--baths
10,001.38Square Feet
Unimproved Land
Built in ----
10,001.38 Square Feet Lot
$102,300 Zestimate®
$--/sqft
$1,213 Estimated rent
Home value
$102,300
$77,000 - $138,000
$1,213/mo
Zestimate® history
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What's special
Zillow last checked: 9 hours ago
Listing updated: March 17, 2025 at 02:03pm
Listed by:
Adam P Foland 605-556-7500,
EXIT Realty Advantage
Source: Realtor Association of the Sioux Empire,MLS#: 22408477
Facts & features
Property
Features
- Body of water: Herman
Lot
- Size: 10,001 sqft
- Dimensions: 100x100
Details
- Parcel number: 105801065309010
- Zoning: LP-1 Lake - Park District -1
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Cable Available, Electricity Available, Phone Available
Community & neighborhood
Location
- Region: Madison
- Subdivision: Temporary Check Back
Other
Other facts
- Listing terms: Cash
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 3/14/2025 | Sold | $75,000-6.1% |
Source:  Realtor Association of the Sioux Empire #22408477 | ||
| 11/22/2024 | Contingent | $79,900 |
Source:  Exit Realty #22408477 | ||
| 11/18/2024 | Listed for sale | $79,900-54.3% |
Source: Realtor Association of the Sioux Empire #22408477 | ||
| 11/15/2024 | Listing removed | $175,000 |
Source: Exit Realty #22404097 | ||
| 8/17/2024 | Listed for sale | $175,000 |
Source: Exit Realty #22404097 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $961 +18.8% | $97,000 +0.1% |
| 2024 | $809 +12.1% | $96,903 +21.4% |
| 2023 | $722 +11.2% | $79,800 +20% |
Find assessor info on the county website
Neighborhood: 57042
Nearby schools
GreatSchools rating
- 8/10Madison Elementary School - 07Grades: K-5Distance: 2.2 mi
- 6/10Madison Middle School - 02Grades: 6-8Distance: 3 mi
- 6/10Madison High School - 01Grades: 9-12Distance: 3 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.