Come check out this beautifully built 4 bedroom, 3 bath home that was built in 2017 in a new development north of Madison Lake. Just 20 minutes from Mankato! When you enter the home you will be greeted by the large foyer, extra care and attention was put into planning this home, with beautiful tile in the entry way and bathrooms, the stone countertops, to the maintenance free 16x16 deck and some "smart home" features. If you are looking for small town living with plenty of space you will not want to miss out on this wonderful home.
Sold-co-op by mls member
$373,000
71 Balsam Ln, Madison Lake, MN 56063
4beds
3,192sqft
Single Family Residence
Built in 2017
0.34 Acres Lot
$412,700 Zestimate®
$117/sqft
$3,080 Estimated rent
Home value
$412,700
$392,000 - $433,000
$3,080/mo
Zestimate® history
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$2,297/mo
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Zillow last checked:
Listing updated:
Listed by:
JEN TRUE,
True Real Estate
Bought with:
Matthew Larson
Massad Real Estate
Source: RASM,MLS#: 7034596
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 2
- 1/2 bathrooms: 2
Bedroom
- Level: Upper
- Area: 156
- Dimensions: 12 x 13
Bedroom 1
- Level: Upper
- Area: 150
- Dimensions: 10 x 15
Bedroom 2
- Level: Lower
- Area: 130
- Dimensions: 10 x 13
Bedroom 3
- Level: Lower
- Area: 110
- Dimensions: 10 x 11
Dining room
- Features: Open Floorplan
- Level: Upper
- Area: 99
- Dimensions: 9 x 11
Family room
- Level: Lower
- Area: 360
- Dimensions: 15 x 24
Kitchen
- Level: Upper
- Area: 110
- Dimensions: 10 x 11
Living room
- Level: Upper
- Area: 252
- Dimensions: 14 x 18
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Range, Refrigerator, Washer, Gas Water Heater, Water Softener Owned
- Laundry: Washer/Dryer Hookups
Features
- Broadband Available, Ceiling Fan(s), Ethernet Wired, Kitchen Center Island, Vaulted Ceiling(s), Bath Description: Full Basement, Main Floor 1/2 Bath, Main Floor Full Bath, Walk Thru
- Flooring: Hardwood, Tile
- Windows: Double Pane Windows, Window Coverings
- Basement: Egress Windows,Finished,Sump Pump,Block,Full
Interior area
- Total structure area: 3,192
- Total interior livable area: 3,192 sqft
- Finished area above ground: 1,596
- Finished area below ground: 1,596
Property
Parking
- Total spaces: 3
- Parking features: Concrete, Attached, Garage Door Opener
- Attached garage spaces: 3
Features
- Levels: Bi-Level Split
- Patio & porch: Deck
Lot
- Size: 0.34 Acres
- Dimensions: 97 x 153
- Features: Paved
Details
- Additional structures: Storage Shed
- Foundation area: 1596
- Parcel number: R14.05.26.304.018
- Other equipment: Sump Pump
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Block, Frame/Wood, Steel Siding
- Roof: Asphalt
Condition
- Previously Owned
- New construction: No
- Year built: 2017
Utilities & green energy
- Electric: Circuit Breakers
- 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: $117/sqft
- Tax assessed value: $408,600
- Annual tax amount: $4,462
- Date on market: 5/31/2024
- Listing terms: Cash,Conventional,DVA,FHA,Rural Development
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 5/31/2024 | Sold | $373,000+3.6%$117/sqft |
Source:  RASM #7034596 Report a problem | ||
| 4/10/2024 | Listed for sale | $359,900+27.2%$113/sqft |
Source: RASM #7034596 Report a problem | ||
| 7/13/2018 | Sold | $283,000$89/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #4887759 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,624 +3.6% | $398,824 +13.8% |
| 2024 | $4,462 +6.5% | $350,600 +5.8% |
| 2023 | $4,190 +21% | $331,300 +12.8% |
| 2022 | $3,464 +3.3% | $293,800 +21.9% |
| 2021 | $3,352 +13.8% | $241,000 +7% |
| 2020 | $2,946 | $225,300 |
| 2019 | $2,946 +8.4% | $225,300 +8.3% |
| 2018 | $2,718 +579.5% | $208,100 +607.8% |
| 2017 | $400 +3.1% | $29,400 |
| 2016 | $388 +10274.3% | $29,400 |
| 2015 | $4 -99% | $29,400 -66.7% |
| 2014 | $368 | $88,200 +200% |
| 2013 | -- | $29,400 +16.7% |
| 2012 | -- | $25,200 |
| 2011 | -- | $25,200 |
| 2010 | -- | $25,200 |
Find assessor info on the county website
Neighborhood: 56063
Nearby homes
- $315,9003 bd2 ba1.5k sqft67 Balsam Ln, Madison Lake, MN 56063Sold
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- $30,8000.314 Acres66 Balsam Ln, Madison Lake, MN 56063Off Market
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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: 8.5 mi
- 6/10Mankato East Senior High SchoolGrades: 9-12Distance: 8.7 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
- 71 Balsam Ln
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