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
$75,000
1540 Territorial Rd, Madison, SD 57042
--beds
--baths
10,001Square Feet
Unimproved Land
Built in ----
10,001 Square Feet Lot
$121,100 Zestimate®
$--/sqft
$1,213 Estimated rent
Home value
$121,100
$91,000 - $161,000
$1,213/mo
Zestimate® history
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Zillow last checked:
Listing updated:
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 Square Feet
- 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 & HOA
Community
- Subdivision: Temporary Check Back
HOA
- Has HOA: No
Location
- Region: Madison
Financial & listing details
- Tax assessed value: $97,000
- Annual tax amount: $961
- Date on market: 11/18/2024
- Listing terms: Cash
- Electric utility on property: Yes
- 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 Report a problem | ||
| 11/22/2024 | Contingent | $79,900 |
Source:  Exit Realty #22408477 Report a problem | ||
| 11/18/2024 | Listed for sale | $79,900-54.3% |
Source: Realtor Association of the Sioux Empire #22408477 Report a problem | ||
| 11/15/2024 | Listing removed | $175,000 |
Source: Exit Realty #22404097 Report a problem | ||
| 8/17/2024 | Listed for sale | $175,000 |
Source: Exit Realty #22404097 Report a problem | ||
| 8/13/2024 | Listing removed | $175,000 |
Source: Realtor Association of the Sioux Empire #22404097 Report a problem | ||
| 6/8/2024 | Listed for sale | $175,000 |
Source: Realtor Association of the Sioux Empire #22404097 Report a problem | ||
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% |
| 2022 | $649 +15.4% | $66,500 +31.7% |
| 2021 | $563 -5.8% | $50,500 +9.5% |
| 2020 | $597 | $46,100 -8.5% |
| 2019 | -- | $50,400 +9.8% |
| 2018 | -- | $45,900 +2.5% |
| 2017 | -- | $44,800 +6.7% |
| 2016 | -- | $42,000 +18.3% |
| 2013 | -- | $35,500 |
| 2012 | -- | $35,500 |
Find assessor info on the county website
Neighborhood: 57042
Nearby homes
- $39,400-- bd-- ba644 sqft1520 Territorial Rd, Madison, SD 57042Off Market
- $58,1002 bd6 ba959 sqft1530 Territorial Rd, Madison, SD 57042Off Market
- $75,0000.344 AcresTerritorial Rd, Madison, SD 57042Sold
- $85,700-- sqft1500 Territorial Rd, Madison, SD 57042Off Market
- $91,9002 bd6 ba460 sqft1580 Territorial Rd, Madison, SD 57042Off Market
- $473,6002 bd6 ba832 sqft1600 Territorial Rd, Madison, SD 57042Off Market
- $236,5002 bd8 ba1.2k sqft1630 Territorial Rd, Madison, SD 57042Off Market
- $115,0000.344 AcresTeritorial Rd, Madison, SD 57042Sold
Nearby schools
GreatSchools rating
- 8/10Madison Elementary School - 07Grades: K-5Distance: 2.2 mi
- 7/10Madison Middle School - 02Grades: 6-8Distance: 3 mi
- 6/10Madison High School - 01Grades: 9-12Distance: 2.9 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.
- South Dakota
- Lake County
- Madison
- 57042
- 1540 Territorial Rd
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