Adorable three bedroom one-story situated on a spacious lot in central Madison Lake. Notable updates since 2017 include roof, furnace, A/C, electrical panel, water heater and appliances. Main floor consists of primary bedroom with large closet and attached full bath, combined living room and kitchen, half bath and dining room overlooking the rear yard. Lower level contains two new bedrooms, unfinished laundry/storage area and potential to add a bathroom. Professionally repaired foundation carries a warranty for added peace of mind.
Sold-co-op by mls member
$165,500
505 5th St, Madison Lake, MN 56063
3beds
1,327sqft
Single Family Residence
Built in 1940
0.25 Acres Lot
$194,400 Zestimate®
$125/sqft
$1,714 Estimated rent
Home value
$194,400
$185,000 - $206,000
$1,714/mo
Zestimate® history
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List your homeWhat's special
Central madison lakeRear yardProfessionally repaired foundationSpacious lotStorage areaElectrical panelDining room
Zillow last checked:
Listing updated:
Listed by:
Tana Stoufer,
True Real Estate,
David Stoufer
Bought with:
CHERYL KRENGEL
Jbeal Real Estate Group
Source: RASM,MLS#: 7034384
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 3
Bedroom
- Level: Main
- Area: 159.03
- Dimensions: 9.3 x 17.1
Bedroom 1
- Level: Lower
- Area: 123.48
- Dimensions: 9.8 x 12.6
Bedroom 2
- Level: Lower
- Area: 137.34
- Dimensions: 10.9 x 12.6
Dining room
- Features: Informal Dining Room
- Level: Main
- Area: 120.87
- Dimensions: 15.3 x 7.9
Kitchen
- Level: Main
- Area: 146.02
- Dimensions: 14.9 x 9.8
Living room
- Level: Main
- Area: 191.63
- Dimensions: 11.2 x 17.11
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Dryer, Range, Refrigerator, Washer, Electric Water Heater, Water Softener-None
Features
- Bath Description: Full Primary, Main Floor 1/2 Bath
- Basement: Egress Windows,Partially Finished,Sump Pump,Block,Partial
- Has fireplace: No
Interior area
- Total structure area: 958
- Total interior livable area: 1,327 sqft
- Finished area above ground: 685
- Finished area below ground: 273
Property
Parking
- Total spaces: 1
- Parking features: Detached
- Garage spaces: 1
Features
- Levels: One
- Stories: 1
Lot
- Size: 0.25 Acres
- Dimensions: 71 x 152
Details
- Foundation area: 616
- Parcel number: R14.05.34.263.011
- Other equipment: Sump Pump
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Frame/Wood, Steel Siding
- Roof: Metal
Condition
- Previously Owned
- New construction: No
- Year built: 1940
Utilities & green energy
- Sewer: City
- Water: Public
Community & neighborhood
Location
- Region: Madison Lake
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 5/31/2024 | Sold | $165,500+10.4%$125/sqft |
Source:  RASM #7034384 Report a problem | ||
| 3/17/2024 | Pending sale | $149,900$113/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6495552 Report a problem | ||
| 3/11/2024 | Listed for sale | $149,900+158.4%$113/sqft |
Source: RASM #7034384 Report a problem | ||
| 4/26/2017 | Sold | $58,000$44/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,286 -28.2% | $144,800 +16.4% |
| 2024 | $1,792 +5.2% | $124,400 +17% |
| 2023 | $1,704 +13.6% | $106,300 +11.3% |
| 2022 | $1,500 +2.6% | $95,500 +17.9% |
| 2021 | $1,462 +7.7% | $81,000 +7.9% |
| 2020 | $1,358 | $75,100 |
| 2019 | $1,358 -1.3% | $75,100 -1.4% |
| 2018 | $1,376 -19.6% | $76,200 |
| 2017 | $1,712 +5.4% | $76,200 +5.8% |
| 2016 | $1,624 +18739.9% | $72,000 +1.6% |
| 2015 | $9 -99.1% | $70,900 -64.2% |
| 2014 | $956 | $198,300 +200% |
| 2013 | -- | $66,100 +0.9% |
| 2012 | -- | $65,500 -2.5% |
| 2011 | -- | $67,200 -3.9% |
| 2010 | -- | $69,900 |
Find assessor info on the county website
Neighborhood: 56063
Nearby schools
GreatSchools rating
- 9/10Eagle Lake Elementary SchoolGrades: K-5Distance: 4.6 mi
- 6/10Prairie Winds Middle SchoolGrades: 6-8Distance: 7.7 mi
- 6/10Mankato East Senior High SchoolGrades: 9-12Distance: 8 mi
Schools provided by the listing agent
- 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.
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