Active

Price cut: $10K (9/9)

$489,900

58 Balsam Ln, Madison Lake, MN 56063

5beds

3,126sqft

$3,210/mo

Get pre-qualified

Single Family Residence

Built in 2017

0.33 Acres Lot

$485,000 Zestimate^®

$157/sqft

$-- HOA

What's special

Storage roomsBeautiful landscaped lot

Looking for a great location? 58 Balsam Lane in Madison Lake offers 5 bedrooms, 3 bathrooms, 3-stall garage, plus a shed; all located on a beautiful, landscaped lot. The deck and pergola off the back of the home offers privacy along with views of the large adjoining pond. The main level features an open layout, 3 bedrooms, 2 bathrooms, laundry, plus no steps while entering the home! The lower level offers ample natural light from the large windows and a fireplace in the large family/rec room. You will also find 2 more bedrooms, a bathroom, the mechanical room, and storage rooms. Note: Photos were taken before furniture was removed from the home.

24 days
531
19

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: 195
Dimensions: 15 x 13

Bedroom 1

Level: Main
Area: 110
Dimensions: 11 x 10

Bedroom 2

Level: Main
Area: 154
Dimensions: 14 x 11

Bedroom 3

Level: Basement
Area: 126
Dimensions: 14 x 9

Bedroom 4

Level: Basement
Area: 168
Dimensions: 14 x 12

Dining room

Features: Open Floorplan
Level: Main
Area: 110
Dimensions: 11 x 10

Family room

Level: Basement
Area: 348
Dimensions: 29 x 12

Kitchen

Level: Main
Area: 120
Dimensions: 10 x 12

Living room

Level: Main
Area: 234
Dimensions: 13 x 18

Heating

Forced Air, Natural Gas

Cooling

Central Air

Appliances

Included: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer, Water Softener Rented

Features

Walk-In Closet(s), Bath Description: Full Basement, Main Floor Full Bath, Private Primary
Basement: Daylight/Lookout Windows,Finished,Sump Pump,Block,Full
Has fireplace: Yes
Fireplace features: Gas

Interior area

Total structure area: 2,663
Total interior livable area: 3,126 sqft
Finished area above ground: 1,563
Finished area below ground: 1,100

Property

Parking

Total spaces: 3
Parking features: Concrete, Attached, Garage Door Opener
Attached garage spaces: 3

Features

Levels: One
Stories: 1
Patio & porch: Deck

Lot

Size: 0.33 Acres
Dimensions: 84 x 143 x 109 x 158
Features: Landscaped, Paved

Details

Additional structures: Storage Shed
Foundation area: 1563
Parcel number: R14.05.26.303.020

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Frame/Wood, Vinyl Siding
Roof: Asphalt

Condition

Year built: 2017

Utilities & green energy

Sewer: City
Water: Public

Community & HOA

Location

Region: Madison Lake

Financial & listing details

Price per square foot: $157/sqft
Tax assessed value: $499,400
Annual tax amount: $6,812
Date on market: 8/17/2026
Listing terms: Cash,Conventional,DVA,FHA
Road surface type: Paved

Estimated market value

$485,000

$461,000 - $509,000

$3,158/mo

Price history

Date	Event	Price
9/9/2026	Price change	$489,900-2%$157/sqft
Source: RASM #267041207 Report a problem
8/17/2026	Listed for sale	$499,900+61.3%$160/sqft
Source: RASM #267041207 Report a problem
4/6/2018	Sold	$310,000+959.4%$99/sqft
Source: NorthstarMLS as distributed by MLS GRID #4851989 Report a problem
5/22/2017	Sold	$29,261$9/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$5,634 +4.8%	$497,796 +18.8%
2024	$5,374 +6.5%	$419,100 +6.6%
2023	$5,046 +16.6%	$393,100 +13%
2022	$4,326 +4.4%	$347,800 +18.4%
2021	$4,142 +17%	$293,700 +10.8%
2020	$3,540	$265,000
2019	$3,540 +11.5%	$265,000 +11.2%
2018	$3,176 +749.2%	$238,400 +766.9%
2017	$374 +3.3%	$27,500
2016	$362 +10242.9%	$27,500
2015	$4 -99%	$27,500 -66.7%
2014	$364	$82,500 +200%
2013	--	$27,500 +10.4%
2012	--	$24,900
2011	--	$24,900
2010	--	$24,900