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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
    $191,900 Zestimate®
    $125/sqft
    $1,733 Estimated rent

    Home value

    $191,900

    $182,000 - $203,000

    $1,733/mo

    Zestimate® history
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    What's special

    Central madison lakeRear yardProfessionally repaired foundationSpacious lotStorage areaElectrical panelDining room
    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.

    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#: 7034384MLS Logo

    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 & HOA

    Location
    • Region: Madison Lake

    Financial & listing details

    • Price per square foot: $125/sqft
    • Tax assessed value: $144,800
    • Annual tax amount: $1,030
    • Date on market: 5/31/2024
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    5/31/2024Sold$165,500+10.4%$125/sqft
    Source: RASM #7034384 Report a problem
    3/17/2024Pending sale$149,900$113/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6495552 Report a problem
    3/11/2024Listed for sale$149,900+158.4%$113/sqft
    Source: RASM #7034384 Report a problem
    4/26/2017Sold$58,000$44/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax 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 homes

    Nearby schools

    GreatSchools rating
    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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    $191,900
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    +$3,838
    With Zillow Showcase(estimated)
    $195,738
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
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    +$3,838
    With Zillow Showcase(estimated)
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