**Under Construction Spec** Affordable one level living! This slab on grade home features attached 3 car garage, open floor plan for living room, dining and kitchen and four season sun room off dining area. Finishes include Granite countertops, stainless steel appliances, soft close drawers, pantry and tile backsplash in kitchen. Gas burning fireplace in living room. Private primary suite with walk in shower, walk in closet and dual sinks, Quartz tops in bathrooms, laundry/mud room off of garage entrance plus much more. Inquire about the 1-0 Preferred Lender Paid Rate Buy Down.
Closed
$368,200
87 Balsam Ln, Madison Lake, MN 56063
3beds
1,664sqft
Single Family Residence
Built in 2024
0.48 Acres Lot
$388,000 Zestimate®
$221/sqft
$2,366 Estimated rent
Home value
$388,000
$334,000 - $450,000
$2,366/mo
Zestimate® history
Owner options
List your home for rent
$2,366/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$2,366/mo
Rent Zestimate®
Refinance and save
$2,267/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$2,267/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Gas burning fireplaceOpen floor planWalk in showerPrivate primary suiteStainless steel appliancesTile backsplashGranite countertops
Zillow last checked:
Listing updated:
Listed by:
Katyana Miller 651-755-2138,
Miller Real Estate
Bought with:
NON-RMLS
Non-MLS
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6606027
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
Bedroom
- Level: Main
Bedroom 2
- Level: Main
Bedroom 3
- Level: Main
Dining room
- Level: Main
Kitchen
- Level: Main
Living room
- Level: Main
Mud room
- Level: Main
Sun room
- Level: Main
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Microwave, Range, Refrigerator
- Laundry: Electric Dryer Hookup
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 1,664
- Total interior livable area: 1,664 sqft
- Finished area above ground: 1,664
- Finished area below ground: 0
Property
Parking
- Total spaces: 3
- Parking features: Attached
- Attached garage spaces: 3
- Details: Garage Dimensions (24x30), Garage Door Height (7)
Accessibility
- Accessibility features: No Stairs External, No Stairs Internal
Features
- Levels: One
- Stories: 1
Lot
- Size: 0.48 Acres
- Dimensions: 115 x 213
Details
- Foundation area: 1664
- Parcel number: R140526304021
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Foundation: Slab
- Roof: Asphalt
Condition
- New construction: Yes
- Year built: 2024
Details
- Builder name: PEKA HOMES LLC
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: The Pines Third Add
HOA
- Has HOA: No
Location
- Region: Madison Lake
Financial & listing details
- Price per square foot: $221/sqft
- Tax assessed value: $323,400
- Annual tax amount: $620
- Date on market: 9/20/2024
Price history
| Date | Event | Price |
|---|---|---|
| 2/11/2025 | Sold | $368,200$221/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6606027 Report a problem | ||
| 9/20/2024 | Pending sale | $368,200$221/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6606027 Report a problem | ||
| 9/20/2024 | Listed for sale | $368,200+820.5%$221/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6606027 Report a problem | ||
| 5/31/2023 | Sold | $40,000-19.8%$24/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6350164 Report a problem | ||
| 4/20/2023 | Pending sale | $49,900$30/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6350164 Report a problem | ||
| 4/3/2023 | Price change | $49,900+10.9%$30/sqft |
Source:  RASM #7031944 Report a problem | ||
| 3/31/2023 | Listed for sale | $45,000+53.1%$27/sqft |
Source: RASM #7031944 Report a problem | ||
| 12/31/2020 | Sold | $29,400$18/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $620 | $305,956 +724.7% |
| 2024 | $620 -6.9% | $37,100 |
| 2023 | $666 -2.9% | $37,100 |
| 2022 | $686 +5.9% | $37,100 |
| 2021 | $648 +3.5% | $37,100 |
| 2020 | $626 | $37,100 |
| 2019 | $626 +42.9% | $37,100 +18.9% |
| 2018 | $438 +2.8% | $31,200 |
| 2017 | $426 +3.4% | $31,200 |
| 2016 | $412 +10251.8% | $31,200 |
| 2015 | $4 -99.1% | $31,200 -66.7% |
| 2014 | $430 | $93,600 +200% |
| 2013 | -- | $31,200 +5.1% |
| 2012 | -- | $29,700 |
| 2011 | -- | $29,700 |
| 2010 | -- | $29,700 |
Find assessor info on the county website
Neighborhood: 56063
Nearby homes
- $402,5003 bd3 ba1.4k sqft54 Evergreen Ln, Madison Lake, MN 56063Sold
- $468,5003 bd4 ba2.9k sqft79 Balsam Ln, Madison Lake, MN 56063Off Market
- $--0.338 Acres91 Balsam Ln, Madison Lake, MN 56063Off Market
- $400,6000.27 Acres50 Evergreen Ln, Madison Lake, MN 56063Off Market
- $508,4003 bd3 ba2.1k sqft75 Balsam Ln, Madison Lake, MN 56063Off Market
- $327,4003 bd2 ba1.5k sqft58 Evergreen Ln, Madison Lake, MN 56063Sold
- $364,9004 bd3 ba2.7k sqft46 Evergreen Ln, Madison Lake, MN 56063Off Market
- $363,3004 bd2 ba2.1k sqft82 Balsam Cir, Madison Lake, MN 56063Off Market
Nearby schools
GreatSchools rating
- 9/10Eagle Lake Elementary SchoolGrades: K-5Distance: 5.4 mi
- 6/10Prairie Winds Middle SchoolGrades: 6-8Distance: 8.5 mi
- 6/10Mankato East Senior High SchoolGrades: 9-12Distance: 8.7 mi
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$388,000
2% more
+$7,760
With Zillow Showcase(estimated)
$395,760
- Minnesota
- Blue Earth County
- Madison Lake
- 56063
- 87 Balsam Ln
Nearby cities
Nearby zip codes
Other Madison Lake Topics
