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Sold-inner office
    • $182,000

    505 7th St, Madison Lake, MN 56063

    2beds
    1,082sqft
    Single Family Residence
    Built in 1890
    6,969 Square Feet Lot
    $182,900 Zestimate®
    $168/sqft
    $1,212 Estimated rent

    Home value

    $182,900

    $172,000 - $194,000

    $1,212/mo

    Zestimate® history
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    What's special

    Welcome to Madison Lake! Discover this charming 2-bedroom, 1 1/4-bath home situated on a generous 50' x 142' lot, featuring an impressive oversized 4+ stall garage. The expansive garage offers exceptional versatility—perfect for storage, large gatherings, indoor parking, or hobby, workshop and project space. Creators and DIY enthusiasts will appreciate the thoughtful upgrades, including: 3-wired outlets for welding, mounted heater, cement floor for easy clean up, stereo and speakers are included, 8’ insulated garage door. Ideal for ATVs, lawn equipment, or workshop space. This property provides the space, functionality, and features to fit a variety of lifestyles. Items that stay with the home are Refrigerator, Range/Oven, Microwave, Washer, Dryer, 2-AC Window Units (Livingroom and Upstairs) Schedule your showing today.

    Zillow last checked:

    Listing updated:

    Listed by:

    Dar Vosburg,

    Home Run Realty

    Bought with:

    Kristina Alter

    Exit Realty- Great Plains

    Source: RASM,MLS#: 7039267MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    • Full bathrooms: 1
    • 1/4 bathrooms: 1
    Dining room
    • Features: Combine with Kitchen, Eat-in Kitchen
    Heating
    • Forced Air, Natural Gas
    Cooling
    • Window Unit(s)
    Appliances
    • Included: Dryer, Microwave, Range, Refrigerator, Washer, Gas Water Heater, Water Softener Owned
    • Laundry: Washer/Dryer Hookups
    Features
    • Ceiling Fan(s), Eat-In Kitchen, Bath Description: Upper Level Bath
    • Windows: Window Coverings
    • Basement: Unfinished,Stone,Partial
    • Has fireplace: No
    • Fireplace features: None
    Interior area
    • Total structure area: 920
    • Total interior livable area: 1,082 sqft
    • Finished area above ground: 920
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 4
    • Parking features: Concrete, RV Access/Parking, Detached, Garage Door Opener
    • Garage spaces: 4
    Features
    • Levels: 1.25 - 1.75 Story
    • Stories: 1
    • Patio & porch: Patio
    Lot
    • Size: 6,969 Square Feet
    • Dimensions: 50 x 142
    • Features: Paved
    Details
    • Additional structures: Storage Shed
    • Foundation area: 320
    • Parcel number: R14.05.34.261.002

    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: 1890

    Utilities & green energy

    • Sewer: City
    • Water: Public

    Community & HOA

    Location
    • Region: Madison Lake

    Financial & listing details

    • Price per square foot: $168/sqft
    • Tax assessed value: $187,800
    • Annual tax amount: $1,590
    • Date on market: 6/19/2026
    • Listing terms: Cash,Conventional,DVA,FHA,Rural Development

    Price history

    DateEventPrice
    6/18/2026Sold$182,000-1.6%$168/sqft
    Source: RASM #7039267 Report a problem
    5/24/2026Pending sale$184,900$171/sqft
    Source: NorthstarMLS as distributed by MLS GRID #7006052 Report a problem
    5/4/2026Price change$184,900-5.1%$171/sqft
    Source: RASM #7039267 Report a problem
    4/15/2026Price change$194,900-2.5%$180/sqft
    Source: NorthstarMLS as distributed by MLS GRID #7006052 Report a problem
    3/18/2026Price change$199,900-2.4%$185/sqft
    Source: RASM #7039267 Report a problem
    2/4/2026Price change$204,900-4.7%$189/sqft
    Source: RASM #7039267 Report a problem
    1/7/2026Listed for sale$214,900-2.3%$199/sqft
    Source: RASM #7039267 Report a problem
    1/7/2026Listing removed$219,900$203/sqft
    Source: RASM #7039094 Report a problem
    12/26/2025Price change$219,900-2.2%$203/sqft
    Source: RASM #7039094 Report a problem
    12/10/2025Price change$224,900-2.2%$208/sqft
    Source: RASM #7039094 Report a problem
    11/19/2025Listed for sale$229,900+187.4%$212/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6819544 Report a problem
    4/12/2013Sold$80,000-11%$74/sqft
    Source: Lake Superior Area Realtors as distributed by MLS GRID #1993145 Report a problem
    1/13/2013Listed for sale$89,900+55%$83/sqft
    Source: Vflyer Homes #7001192 Report a problem
    4/21/2009Sold$58,000$54/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,610 +5.8%$158,152 +8.1%
    2024$1,522 +9%$146,300 +10.7%
    2023$1,396 +30.2%$132,200 +12.6%
    2022$1,072 +2.1%$117,400 +23.8%
    2021$1,050 +16.4%$94,800 +6.9%
    2020$902 $88,700
    2019$902 +5.1%$88,700 +4.1%
    2018$858 +2.1%$85,200
    2017$840 +16%$85,200 +6.8%
    2016$724 +11615.2%$79,800 +1.8%
    2015$6 -99%$78,400 +8.4%
    2014$616 $72,300 +13.1%
    2013-- $63,900 -0.5%
    2012-- $64,200 -3.6%
    2011-- $66,600 -4.4%
    2010-- $69,700
    Find assessor info on the county website

    Neighborhood: 56063

    Nearby homes

    Nearby schools

    GreatSchools rating
    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.

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    $182,900
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    With Zillow Showcase(estimated)
    $186,558
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $182,900
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    +$3,658
    With Zillow Showcase(estimated)
    $186,558

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