Distinctive and full of character, this home provides convenient one-level living with a full unfinished basement awaiting your personal touch. Wide hallways offer full mobility access, while zero-entry from the front door through to the garage ensures ease of movement throughout. The unique floor plan features two large connected bedrooms (divided primary) sharing a luxurious full bathroom with two separate vanities, a jetted tub, and a custom-tiled oversized shower with a wide seat. Primary bedroom shares entrance with second bedroom while paneled double doors gives privacy. The open-concept main living area showcases the ravine lot through large windows and a double patio door. This home offers both privacy and natural light in all the right places. The kitchen, dining, and living spaces are centered around a dramatic 22-foot kitchen wall. A weight-bearing loft space above offers creative potential—ready to be built out and accessed via a narrow staircase or ladder. Behind the drywall on the side wall, a header is already in place should the next owner wish to add a second deck. Step out onto the refinished 20x20 deck to enjoy views of migrating birds by day and fireworks by night. The deck has been reinforced and is suitable for a future enclosed patio. The backyard offers wooded privacy with a small city-owned pond to the side. A lawn sprinkler system is installed, and a wheelchair-accessible ramp leads to the lovingly cared-for yard. A charming greenhouse provides added flexibility for hobbies or storage. Located just 50 yards from a playground and 0.5 miles from the Sakatah Trail. Call for a showing today of this special home.
Sold-co-op by mls member
$329,900
50 Balsam Ln, Madison Lake, MN 56063
2beds
2,928sqft
Single Family Residence
Built in 2010
0.31 Acres Lot
$343,000 Zestimate®
$113/sqft
$2,335 Estimated rent
Home value
$343,000
$298,000 - $391,000
$2,335/mo
Zestimate® history
Owner options
List your home for rent
$2,335/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$2,335/mo
Rent Zestimate®
Refinance and save
$2,045/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$2,045/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Double patio doorTwo large connected bedroomsSmall city-owned pondLawn sprinkler systemLarge windowsRavine lotWide hallways
Zillow last checked:
Listing updated:
Listed by:
Timothy Woolery,
Real Broker, LLC
Bought with:
Anthony White
Jbeal Real Estate Group
Source: RASM,MLS#: 7037314
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 2
Bedroom
- Description: Divided primary
- Level: Main
- Area: 245.33
- Dimensions: 15.33 x 16
Bedroom 1
- Description: Divided primary
- Level: Main
- Area: 217.5
- Dimensions: 14.5 x 15
Dining room
- Features: Combine with Kitchen, Combine with Living Room, Eat-in Kitchen, Open Floorplan
- Level: Main
- Area: 95.33
- Dimensions: 8.67 x 11
Kitchen
- Level: Main
- Area: 144.67
- Dimensions: 18.08 x 8
Living room
- Level: Main
- Area: 157
- Dimensions: 13.08 x 12
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Exhaust Fan, Range, Refrigerator, Oven, Washer, Gas Water Heater, Water Softener Owned
- Laundry: Washer/Dryer Hookups
Features
- Broadband Available, Ceiling Fan(s), Eat-In Kitchen, Ethernet Wired, Kitchen Center Island, Natural Woodwork, Vaulted Ceiling(s), Walk-In Closet(s), Bath Description: Full Primary, Grab Bars, Main Floor 3/4 Bath, Primary Walk-Thru, Separate Tub & Shower, Walk Thru, Whirlpool
- Flooring: Tile
- Windows: Double Pane Windows, Window Coverings
- Basement: Egress Windows,Sump Pump,Unfinished,Block,Full
- Has fireplace: No
Interior area
- Total structure area: 1,464
- Total interior livable area: 2,928 sqft
- Finished area above ground: 1,464
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Concrete, Attached, Garage Door Opener
- Attached garage spaces: 2
Accessibility
- Accessibility features: Partially Wheelchair, Accessible Approach with Ramp, No Stairs External, Accessible Doors, Accessible Hallway(s), Grab Bars in Bathroom
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck
Lot
- Size: 0.31 Acres
- Dimensions: 83 x 145 x 94
- Features: Landscaped, Ravine, Tree Coverage - Medium, Paved, Inground Sprinkler System
Details
- Additional structures: Greenhouse
- Foundation area: 1464
- Parcel number: R14.05.26.303.018
- Other equipment: Sump Pump, Irrigation Equipment, Watering System
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Frame/Wood, Vinyl Siding
- Roof: Asphalt
Condition
- Previously Owned
- New construction: No
- Year built: 2010
Utilities & green energy
- Sewer: City
- Water: Public
Community & HOA
Community
- Security: Smoke Detector(s), Carbon Monoxide Detector(s)
Location
- Region: Madison Lake
Financial & listing details
- Price per square foot: $113/sqft
- Tax assessed value: $378,200
- Annual tax amount: $4,182
- Date on market: 6/22/2025
- Listing terms: Cash,Conventional,DVA,FHA,Rural Development
- Road surface type: Curb/Gutters, Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/20/2025 | Sold | $329,900-5.3%$113/sqft |
Source:  RASM #7037314 Report a problem | ||
| 5/16/2025 | Pending sale | $348,500+5.6%$119/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6708138 Report a problem | ||
| 5/12/2025 | Price change | $329,900-5.3%$113/sqft |
Source: RASM #7037314 Report a problem | ||
| 4/23/2025 | Listed for sale | $348,500$119/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6708138 Report a problem | ||
| 4/13/2025 | Listing removed | $348,500$119/sqft |
Source:  Exit Realty #6680791 Report a problem | ||
| 3/6/2025 | Listed for sale | $348,500+1031.5%$119/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6680791 Report a problem | ||
| 9/30/2009 | Sold | $30,800$11/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #1610699 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,374 +4.1% | $365,688 +9.6% |
| 2024 | $4,202 +6.4% | $333,700 +6.4% |
| 2023 | $3,948 +17.5% | $313,700 +12.6% |
| 2022 | $3,360 +3.4% | $278,500 +18.7% |
| 2021 | $3,250 +14.5% | $234,700 +7% |
| 2020 | $2,838 | $219,300 |
| 2019 | $2,838 +9% | $219,300 +8.7% |
| 2018 | $2,604 +2.9% | $201,800 |
| 2017 | $2,530 +12.2% | $201,800 +6.9% |
| 2016 | $2,254 +11482.7% | $188,700 +1.8% |
| 2015 | $19 -99% | $185,400 +7.8% |
| 2014 | $1,972 | $172,000 |
| 2013 | -- | $172,000 +0.1% |
| 2012 | -- | $171,900 +6.3% |
| 2011 | -- | $161,700 +546.8% |
| 2010 | -- | $25,000 |
Find assessor info on the county website
Neighborhood: 56063
Nearby homes
- $425,4000.28 Acres46 Balsam Ln, Madison Lake, MN 56063Off Market
- $7,600-- bd-- ba-- sqft52 Balsam Ln, Madison Lake, MN 56063Off Market
- $466,4002 bd2 ba1.5k sqft54 Balsam Ln, Madison Lake, MN 56063Off Market
- $469,8004 bd3 ba3k sqft42 Balsam Ln, Madison Lake, MN 56063Off Market
- $315,9003 bd2 ba1.5k sqft55 Balsam Ln, Madison Lake, MN 56063Sold
- $525,3005 bd2 ba3k sqft53 Balsam Ln, Madison Lake, MN 56063Off Market
- $470,6003 bd2 ba1.5k sqft58 Balsam Ln, Madison Lake, MN 56063Off Market
- $320,5003 bd2 ba1.5k sqft63 Balsam Ln, Madison Lake, MN 56063Sold
Nearby schools
GreatSchools rating
- 9/10Eagle Lake Elementary SchoolGrades: K-5Distance: 5.5 mi
- 6/10Prairie Winds Middle SchoolGrades: 6-8Distance: 8.6 mi
- 6/10Mankato East Senior High SchoolGrades: 9-12Distance: 8.8 mi
Schools provided by the listing agent
- Elementary: Eagle Lake Elementary
- Middle: Prairie Winds Middle
- High: Mankato East
- District: Mankato #77
Source: RASM. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$343,000
2% more
+$6,860
With Zillow Showcase(estimated)
$349,860
- Minnesota
- Blue Earth County
- Madison Lake
- 56063
- 50 Balsam Ln
Nearby cities
Nearby zip codes
Other Madison Lake Topics
