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Off market
  • $235,500

    501 Walnut Ave, Madison Lake, MN 56063

    4beds
    3,189sqft
    SingleFamily
    Built in 1900
    7,840 Square Feet Lot
    $235,500 Zestimate®
    $74/sqft
    $2,062 Estimated rent

    Home value

    $235,500

    $210,000 - $259,000

    $2,062/mo

    Zestimate® history
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    What's special

    Lake views and access but without the high price tag of a waterfront property! Elegant, turn-of-the-century, updated home with the charm and character that one would expect but with all the modern conveniences. Upon entering through the open front porch, you're greeted with original maple floors, grand 12 ft. ceilings, original woodwork, large built-in bench seating, pocket doors, beautiful leaded glass windows and built-ins throughout! After the welcoming living room, you'll walk into the formal dining space and can't help but notice the stunning lake views from the oversized bay windows. The abundance of natural light and the refreshing lake breezes, make the space cheery and bright. The updated eat-in kitchen has an abundance of cabinet space, recessed lighting, new fridge and a large mudroom. A full bath and den/office complete the lower level of the home. Upstairs you'll find an additional full bath, 4 bedrooms with large closets and more great views of the lake. On the finished 3rd floor, there is a bonus space that could make a great family room. The basement has a large workshop and houses the mechanicals, including a new washer, new dryer, water filtration system and boiler (installed 2015). In the fenced back yard, there is a great entertaining space with a deck off the back that leads to the patio and fire pit and the home has a parking pad, to allow off street parking. There is a storage nook off the side of the home for storage. Spring time will be filled with apple blooms, rhubarb, blueberries and newly planted lilacs that adorn the edge of the property. Whether you're taking a walk on the beach, enjoying year round fishing, the local restaurants or the State Trail, you'll certainly want to take a look to appreciate the home, walkability and community for yourself - it certainly will amaze!

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Gas
    Cooling
    • None
    Appliances
    • Included: Dishwasher, Dryer, Range / Oven, Refrigerator, Washer
    Features
    • Flooring: Hardwood
    Interior area
    • Total interior livable area: 3,189 sqft

    Property

    Features
    • Exterior features: Vinyl, Wood, Cement / Concrete
    Lot
    • Size: 7,840 sqft
    Details
    • Parcel number: R140534403004

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Contemporary
    Materials
    • Frame
    • Foundation: Masonry
    • Roof: Asphalt
    Condition
    • Year built: 1900

    Utilities & green energy

    • Sewer: City

    Community & neighborhood

    Location
    • Region: Madison Lake

    Other

    Other facts
    • Sub Type: Single Family
    • BASEMENT FEATURES: Unfinished
    • BASEMENT MATERIAL: Concrete Block, Poured Concrete
    • BASEMENT STYLE: Full
    • FUEL: Natural Gas
    • ROOF: Asphalt Shingles
    • SEWER: City
    • WATER: City
    • Listing Type: Exclusive Right to Sell
    • Room Level 5: Main
    • AIR CONDITIONING: Window
    • AMENITIES-EXTERIOR: Driveway - Concrete, Deck, Patio, Porch, Fenced Yard - Partial
    • APPLIANCES: Dryer, Washer, Range/Stove, Refrigerator, Dishwasher
    • ROAD FRONTAGE: Curb/Gutters, Paved, City, Sidewalk
    • Room Level 1: Main
    • EXTERIOR: Vinyl, Wood
    • AMENITIES: Ceiling Fans, Smoke Alarms (L), Natural Woodwork, Walk-In Closet, Eat-In Kitchen, Washer/Dryer Hookups, Hardwood Floors, CO Detectors (L), Kitchen Center Island, Walk-up Attic, Broadband Available, Ethernet Wired
    • Room Level 2: Main
    • Room Level 3: Main
    • Status: ACTIVE
    • Status Category: Active
    • Style: SF Single Family
    • Room Level 9: Upper
    • BATH DESCRIPTION: Main Floor Full Bath, Upper Level Bath, Walk Thru
    • LOT/LAND DESCRIPTION: Paved Streets, Tree Coverage - Light, Accessible Shoreline, Telephone
    • Room Level 4: Main
    • Room 2: Dining Room
    • Room 6: Bedroom
    • Room 4: Den/Office
    • Room 7: Bedroom
    • MANKATO SCHOOLS (L): Mankato East, Eagle Lake Elementary, Prairie Winds Middle
    • DINING: Eat-In Kitchen, Formal Dining Room, Breakfast Bar
    • MECHANICALS: Water Heater-Gas, Water Filtration System, Water Softener-None
    • Room 3: Kitchen
    • Room 1: Living Room
    • Room Level 8: Upper
    • Room Level 6: Upper
    • Room Level 7: Upper
    • HEAT: Boiler
    • Room 5: Bathroom
    • Room 8: Bedroom
    • Room 9: Bathroom
    • Stories: 2.25 - 2.75 Story
    • Tax Amount ($): 1860
    • CONSTRUCTION TYPE: Frame/Wood
    • Parcel Number: R14-05-34-403-004

    Price history

    DateEventPrice
    1/21/2021Sold$155,000-6.6%$49/sqft
    Source: Public Record Report a problem
    11/13/2020Listed for sale$165,900+33.8%$52/sqft
    Source: CENTURY 21 ATWOOD #7025780 Report a problem
    4/4/2018Sold$124,000-9.5%$39/sqft
    Source: Public Record Report a problem
    12/15/2017Listed for sale$137,000+14.6%$43/sqft
    Source: CENTURY 21 Atwood Realty #7016418 Report a problem
    1/11/2016Sold$119,500-20.9%$37/sqft
    Source: Public Record Report a problem
    1/30/2009Sold$151,000$47/sqft
    Source: Lake Superior Area Realtors as distributed by MLS GRID #1164599 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$3,112 +11.5%$243,063 +7%
    2024$2,792 +7.1%$227,100 +15.1%
    2023$2,606 +49.9%$197,300 +13.2%
    2022$1,738 +4.8%$174,300 +28.6%
    2021$1,658 -10.9%$135,500 +9.1%
    2020$1,860 $124,200
    2019$1,860 -4.6%$124,200 -3.8%
    2018$1,950 +2.1%$129,100
    2017$1,910 +10.5%$129,100 +7.3%
    2016$1,728 +15753.2%$120,300 +1.9%
    2015$11 -99%$118,000 +9.2%
    2014$1,134 $108,100
    2013-- $108,100 +8%
    2012-- $100,100 -4.4%
    2011-- $104,700 -4.8%
    2010-- $110,000

    Find assessor info on the county website

    Neighborhood: 56063

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Mankato #77

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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