Looking for a spacious home? This new five-bedroom home with three bathrooms is it! The kitchen has granite countertops and stainless steel appliances featuring a stove that has a convection oven and air fryer. You will find a full primary suite plus two more bedrooms on the main floor. A very large family room in the finished basement along with two more bedrooms. There is also a large 3-stall garage to store the toys in. Madison Lake is a golf cart community with three area lakes, the State Trail, and three restaurants for your enjoyment. Don't miss out on calling this home! .
Sold-inner office
$459,000
55 Balsam Cir, Madison Lake, MN 56063
5beds
3,048sqft
Single Family Residence
Built in 2023
0.26 Acres Lot
$490,000 Zestimate®
$151/sqft
$3,009 Estimated rent
Home value
$490,000
$466,000 - $515,000
$3,009/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Dennis Terrell,
Re/Max Dynamic Agents
Bought with:
Jenna Mohr
Re/Max Dynamic Agents
Source: RASM,MLS#: 7033057
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 2
- 3/4 bathrooms: 1
- Main level bathrooms: 3
- Main level bedrooms: 5
Bedroom
- Level: Main
- Area: 209.43
- Dimensions: 16.11 x 13
Bedroom 1
- Level: Main
- Area: 91.1
- Dimensions: 10 x 9.11
Bedroom 2
- Level: Main
- Area: 119.9
- Dimensions: 10.9 x 11
Bedroom 3
- Level: Lower
- Area: 137.5
- Dimensions: 11 x 12.5
Bedroom 4
- Level: Lower
- Area: 132
- Dimensions: 11 x 12
Dining room
- Features: Informal Dining Room, Open Floorplan
- Level: Main
- Area: 118.43
- Dimensions: 9.11 x 13
Family room
- Level: Lower
- Area: 625
- Dimensions: 25 x 25
Kitchen
- Description: Granite Countertops
- Level: Main
- Area: 169
- Dimensions: 13 x 13
Living room
- Level: Main
- Area: 235.43
- Dimensions: 13 x 18.11
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Exhaust Fan, Microwave, Range, Refrigerator, Gas Water Heater, Water Softener-None
- Laundry: Washer/Dryer Hookups, Main Level
Features
- Ceiling Fan(s), Kitchen Center Island, Vaulted Ceiling(s), Walk-In Closet(s), Bath Description: 3/4 Primary, Full Basement, Main Floor Full Bath, Main Floor Bedrooms, 3+ Same Floor Bedrooms(L)
- Windows: Combination Windows (L)
- Basement: Daylight/Lookout Windows,Drainage System,Egress Windows,Finished,Sump Pump,Block,Full
- Has fireplace: No
Interior area
- Total structure area: 2,974
- Total interior livable area: 3,048 sqft
- Finished area above ground: 1,524
- Finished area below ground: 1,450
Property
Parking
- Total spaces: 3
- Parking features: Concrete, Attached, Garage Door Opener
- Attached garage spaces: 3
Features
- Levels: One
- Stories: 1
Lot
- Size: 0.26 Acres
- Dimensions: 81 x 141
- Features: Paved, Telephone
Details
- Foundation area: 1524
- Parcel number: R140526304002
- Other equipment: Air to Air Exchange, Sump Pump
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Frame/Wood, Vinyl Siding
- Roof: Asphalt
Condition
- New Construction
- New construction: Yes
- Year built: 2023
Utilities & green energy
- Sewer: City
- Water: Public
- Utilities for property: Underground Utilities
Community & HOA
Community
- Security: Smoke Detector(s), Carbon Monoxide Detector(s)
Location
- Region: Madison Lake
Financial & listing details
- Price per square foot: $151/sqft
- Tax assessed value: $501,100
- Annual tax amount: $480
- Date on market: 3/4/2024
- Listing terms: Cash,Conventional,DVA,FHA,Rural Development
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/18/2025 | Listing removed | $484,900$159/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6737331 Report a problem | ||
| 6/12/2025 | Listed for sale | $484,900+5.6%$159/sqft |
Source:  RASM #7037775 Report a problem | ||
| 3/4/2024 | Sold | $459,000$151/sqft |
Source: RASM #7033057 Report a problem | ||
| 2/12/2024 | Pending sale | $459,000$151/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6425591 Report a problem | ||
| 2/5/2024 | Contingent | $459,000$151/sqft |
Source: RASM #7033057 Report a problem | ||
| 1/17/2024 | Price change | $459,000-2.1%$151/sqft |
Source: RASM #7033057 Report a problem | ||
| 12/14/2023 | Price change | $469,000-1.1%$154/sqft |
Source: RASM #7033057 Report a problem | ||
| 11/29/2023 | Price change | $474,000-1%$156/sqft |
Source: RASM #7033057 Report a problem | ||
| 10/30/2023 | Price change | $479,000-2.2%$157/sqft |
Source: RASM #7033057 Report a problem | ||
| 8/11/2023 | Listed for sale | $489,900+1566.3%$161/sqft |
Source: RASM #7033057 Report a problem | ||
| 12/31/2020 | Sold | $29,400-6.4%$10/sqft |
Source: Agent Provided Report a problem | ||
| 7/12/2019 | Listed for sale | $31,400$10/sqft |
Source: RE/MAX DYNAMIC AGENTS #7021530 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,806 +28.6% | $499,649 +37.6% |
| 2024 | $3,738 +678.8% | $363,000 +33.6% |
| 2023 | $480 -3.2% | $271,800 +914.2% |
| 2022 | $496 +6% | $26,800 |
| 2021 | $468 +3.5% | $26,800 |
| 2020 | $452 | $26,800 |
| 2019 | $452 +28.4% | $26,800 +7.2% |
| 2018 | $352 +3.5% | $25,000 |
| 2017 | $340 +3% | $25,000 |
| 2016 | $330 +10277.4% | $25,000 |
| 2015 | $3 -99% | $25,000 -66.7% |
| 2014 | $314 | $75,000 +200% |
| 2013 | -- | $25,000 +16.8% |
| 2012 | -- | $21,400 |
Find assessor info on the county website
Neighborhood: 56063
Nearby homes
- $353,0003 bd2 ba1.6k sqft63 Balsam Cir, Madison Lake, MN 56063Sold
- $443,6002 bd2 ba1.4k sqft51 Balsam Cir, Madison Lake, MN 56063Off Market
- $45,0000.26 Acres67 Balsam Cir, Madison Lake, MN 56063Lot/Land
- $--0.36 Acres35 Balsam Ln, Madison Lake, MN 56063Off Market
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- $405,0004 bd3 ba2.6k sqft68 Balsam Cir, Madison Lake, MN 56063Sold
- $45,0000.26 Acres73 Balsam Cir, Madison Lake, MN 56063Lot/Land
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Nearby schools
GreatSchools rating
- 9/10Eagle Lake Elementary SchoolGrades: K-5Distance: 5.5 mi
- 6/10Prairie Winds Middle SchoolGrades: 6-8Distance: 8.6 mi
- 6/10Mankato East Senior High SchoolGrades: 9-12Distance: 8.8 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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- Minnesota
- Blue Earth County
- Madison Lake
- 56063
- 55 Balsam Cir
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