Welcome to 401 Lake Ave. S. in Balaton—a very well-maintained 4-bedroom home full of charm and functionality, offered at $155,000. Situated on a desirable corner lot, this property features an oversized two-stall attached garage with an impressive 728 sq ft—perfect for extra storage, hobbies, or workspace—along with a 12x18 shed for added convenience. Inside, you’ll appreciate the character throughout, showcasing original baseboard trim that adds timeless character throughout. Recent updates, including a new boiler and new roof, provide peace of mind for years to come. With 4 bedrooms, 1 full bathroom, and a convenient half bath, this home offers a practical layout with plenty of space to fit your needs. Pride of ownership is evident throughout—this is a solid, well-cared-for home ready for its next chapter.
Closed
$155,000
401 Lake Ave S, Balaton, MN 56115
4beds
2,184sqft
Single Family
Built in 1915
3,571 Square Feet Lot
$155,400 Zestimate®
$71/sqft
$1,508 Estimated rent
Home value
$155,400
Estimated sales range
Not available
$1,508/mo
Zestimate® history
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Corner lot
Zillow last checked:
Listing updated:
Listed by:
Taylor Onken 507-820-0570,
Edina Realty, Inc.,
Tara Onken 507-820-1710
Bought with:
Ashley Kuhnau - Jana Reilly Home Team
Keller Williams Preferred Realty
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7042006
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Bedroom
- Level: Main
Bedroom 2
- Level: Main
Bedroom 3
- Level: Main
Bedroom 4
- Level: Main
Heating
- Boiler, Forced Air
Cooling
- Central Air
Appliances
- Laundry: Main Level
Features
- Basement: Full,Unfinished
- Has fireplace: No
- Fireplace features: Gas
Interior area
- Total structure area: 2,184
- Total interior livable area: 2,184 sqft
- Finished area above ground: 1,092
- Finished area below ground: 1,092
Property
Parking
- Total spaces: 2
- Parking features: Attached
- Attached garage spaces: 2
- Details: Garage Dimensions (26X28)
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
Lot
- Size: 3,571 Square Feet
- Dimensions: 50 x 180
- Features: Corner Lot
Details
- Additional structures: Storage Shed
- Foundation area: 1092
- Parcel number: 211460290
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family
Materials
- Roof: Age 8 Years or Less,Asphalt
Condition
- New construction: No
- Year built: 1915
Utilities & green energy
- Gas: Propane
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
HOA
- Has HOA: No
Location
- Region: Balaton
Financial & listing details
- Price per square foot: $71/sqft
- Tax assessed value: $86,400
- Annual tax amount: $1,238
- Date on market: 4/14/2026
- Cumulative days on market: 10 days
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 5/28/2026 | Sold | $155,000$71/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7042006 Report a problem | ||
| 4/24/2026 | Pending sale | $155,000$71/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7042006 Report a problem | ||
| 4/14/2026 | Listed for sale | $155,000$71/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7042006 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,238 +3% | $86,400 -0.5% |
| 2024 | $1,202 -10.2% | $86,800 +10.7% |
| 2023 | $1,338 +15.3% | $78,400 +1.4% |
| 2022 | $1,160 -3.7% | $77,300 +22.7% |
| 2021 | $1,204 -3.2% | $63,000 -7.1% |
| 2020 | $1,244 | $67,800 -12.7% |
| 2019 | -- | $77,700 +17% |
| 2018 | -- | $66,400 +2.3% |
| 2017 | -- | $64,900 |
| 2016 | -- | -- |
| 2015 | -- | -- |
| 2014 | -- | -- |
| 2013 | -- | -- |
| 2012 | -- | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
Find assessor info on the county website
Neighborhood: 56115
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Nearby schools
GreatSchools rating
- 6/10Tracy Elementary SchoolGrades: PK-6Distance: 12.3 mi
- 6/10Tracy SecondaryGrades: 7-12Distance: 12 mi
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- Minnesota
- Lyon County
- Balaton
- 56115
- 401 Lake Ave S
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