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501 S 1st Ave, Montrose, SD 57048

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For Sale

$60,000

0.24 acres

Estimated Payment

$ 344 /mo. †

6.63% APR for 30 yrs.
$432 in taxes
Change Loan Terms

  • Single Family Detached
    Property type

  • 0.2 acres
    Lot size

Explore this Property

Located just 23 miles northwest of Sioux Falls for convenient access to the city, and only 8 miles from Lake Vermillion, this property provides a peaceful retreat with nearby opportunities for fishing, boating, and outdoor recreation. The lot features a 24'x24' double-stall garage with updated electrical, insulation, sheetrock, textured and painted walls, and a sleek epoxy floor. Complete with a steel roof, rain gutters, and two 9x7 doors with openers, the garage is both functional and durable. Utilities, including city water, sewer, and electricity, are connected, and the lot is zoned for residential use, allowing for a manufactured or mobile home on a permanent foundation. Note that the property is in a flood zone, requiring the foundation to be elevated by approximately 30
MLS# 22407201

Courtesy Of Keller Williams Realty Sioux Falls

(605) 275-0555

Property Features

  • Architecture Style
    Other
  • Lot Size
    0.24 Acres

Home seller CENTURY 21 Advantage

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Advantage

(605) 336-2121
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Mortgage Calculator

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Loan Term
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Monthly Payment Breakdown

  • Principle and Interest
    $308
  • Property Taxes
    $36
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $344

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

We don't have all the school attendance zone information for this listing. Contact a local CENTURY 21 office for more information.

Local area information for Montrose, SD 57048

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Montrose, SD 57048

This community’s employment is highest in the administrative support and transportation industries. The area’s overall household expenses are above the national average.

86° July
Hottest Average Month
4° January
Coldest Average Month
435 Total Households in Area
0.3% Increase in population since the year 2010
28.8%
of households
have children
28 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Montrose, SD 57048

Montrose, SD 57048 has a population of 1,057 people in 435 households with a median age of 41.7 years old.

0.3%
Increase in population
since the year 2010
Population is Trending up
400
Total households as of 2010
8.4%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 41.7 years old. The smallest percentage group is 55-64 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 96%
Hispanic 1%
Native American <1%
Other <1%
Asian <1%
Black <1%
The most prevalent ethnicity is White at 96%, followed by Hispanic at 1%, Native American at <1%, and Other at <1%.

Economics
for Montrose, SD 57048

8 /sq mi
Population Density
$83,076 /yr
Median Household Income
$0
Median Sales Price
28 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $75-99,999k representing 26.13% of the households.

Transportation to Work

  • Drive 85%
  • Work from Home 12%
  • Walk or Bike 3%
  • Public Transit 0%

Occupancy by Type

Owned 362 75%
Rented 73 15%
Vacant 48 10%

White vs Blue Collar Jobs







White Collar 81%
Blue Collar 19%

Family & Education Facts
for Montrose, SD 57048

41.7 Median Age

Average Household Size

2.4
persons per
household

65.6%

Married Households

Community Population By Education

High School Graduate 33%
Bachelors Degree 22%
Some College 20%
Associates Degree 11%
Graduate Degree 8%
Some High School 6%
Of the total people surveyed, the most prevalent educational attainment level is High School Graduate, representing 33.13% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
28.7% of households have children

Weather
for Montrose, SD 57048

The weather for this area ranges from a high of 86° F in July to a low of 4° F in January

86° July
Hottest Average Month
4° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
4°
25°
Feb
9°
30°
Mar
21°
42°
Apr
34°
59°
May
46°
71°
Jun
56°
80°
Jul
61°
86°
Aug
59°
84°
Sep
49°
75°
Oct
37°
62°
Nov
22°
43°
Dec
10°
30°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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There's more to learn about Montrose, SD 57048!
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Copyright © 2025 Realtor Association of the Sioux Empire MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is 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. Information being provided is 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.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% 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. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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