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.
Sold-inner office
$182,000
505 7th St, Madison Lake, MN 56063
2beds
1,082sqft
Single Family Residence
Built in 1890
6,969.6 Square Feet Lot
$182,200 Zestimate®
$168/sqft
$1,364 Estimated rent
Home value
$182,200
$173,000 - $191,000
$1,364/mo
Zestimate® history
Owner options
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$1,364/mo
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$1,364/mo
Rent Zestimate®
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$1,191/mo
Est. payment
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$1,191/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Dar Vosburg,
Home Run Realty
Bought with:
Kristina Alter
Exit Realty- Great Plains
Source: RASM,MLS#: 7039267
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 sqft
- 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 & neighborhood
Location
- Region: Madison Lake
Other
Other facts
- Listing terms: Cash,Conventional,DVA,FHA,Rural Development
Price history
| Date | Event | Price |
|---|---|---|
| 6/18/2026 | Sold | $182,000-1.6%$168/sqft |
Source:  RASM #7039267 Report a problem | ||
| 5/24/2026 | Pending sale | $184,900$171/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7006052 Report a problem | ||
| 5/4/2026 | Price change | $184,900-5.1%$171/sqft |
Source: RASM #7039267 Report a problem | ||
| 4/15/2026 | Price change | $194,900-2.5%$180/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7006052 Report a problem | ||
| 3/18/2026 | Price change | $199,900-2.4%$185/sqft |
Source: RASM #7039267 Report a problem | ||
| 2/4/2026 | Price change | $204,900-4.7%$189/sqft |
Source: RASM #7039267 Report a problem | ||
| 1/7/2026 | Listed for sale | $214,900-2.3%$199/sqft |
Source: RASM #7039267 Report a problem | ||
| 1/7/2026 | Listing removed | $219,900$203/sqft |
Source: RASM #7039094 Report a problem | ||
| 12/26/2025 | Price change | $219,900-2.2%$203/sqft |
Source: RASM #7039094 Report a problem | ||
| 12/10/2025 | Price change | $224,900-2.2%$208/sqft |
Source: RASM #7039094 Report a problem | ||
| 11/19/2025 | Listed for sale | $229,900+187.4%$212/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6819544 Report a problem | ||
| 4/12/2013 | Sold | $80,000-11%$74/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #1993145 Report a problem | ||
| 1/13/2013 | Listed for sale | $89,900+55%$83/sqft |
Source: Vflyer Homes #7001192 Report a problem | ||
| 4/21/2009 | Sold | $58,000$54/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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 schools
GreatSchools rating
- 9/10Eagle Lake Elementary SchoolGrades: K-5Distance: 4.5 mi
- 6/10Prairie Winds Middle SchoolGrades: 6-8Distance: 7.6 mi
- 6/10Mankato East Senior High SchoolGrades: 9-12Distance: 7.9 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.
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$182,200
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+$3,644
With Zillow Showcase(estimated)
$185,844
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