NOT LISTED FOR SALE

112 Cedar Ln Madison Lake, MN 56063

Estimated Value: $717,000 - $906,000

4 Beds
2.5 Baths
2,909 Sq Ft
$284/Sq Ft Est. Value

Last Sold October 01, 2019

Last sale price $630,000 $217 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $5,168/month

Highlights

  • 130 Feet of Waterfront
  • Docks
  • Sandy Beach
  • Eagle Lake Elementary School Rated A-
  • Beach Access
  • Heated Floors

About This Home

As of October 2019

Discover this fantastic rambler located on 130' of gorgeous shoreline on Duck Lake! This beautiful property opens up with an impressive circular driveway highlighed by soaring pines and beautiful landscaping. The home has been meticulously maintained by the original owners and offers a lovely floor plan with no detail overlooked. The main floor begins with the formal living room offering panoramic views to the lake beyond. The gas fireplace cozies this room up on chilly winter nights. The dining room bridges the living room and kitchen with patio doors leading out to the deck. The kitchen features oak floors, granite counters, a new armoire fridge, double ovens, a prep island and plenty of storage. You'll love enjoying a cup of morning coffee in the sunroom attached to the kitchen. The master suite is on the main floor with en suite bath with new walk-in tile shower, dual vanities and walk-in closet. The laundry is conveniently located just off of the 3-stall garage entry with utility sink and lots of storage. Downstairs, this walk-out basement leads to a stamped concrete patio. There is a game area and family room area, making this a great spot for entertaining. Down the hall are 3 large bedrooms each with lots of closet space and 2 have stunning windows with lake views. The lower level also has a large storage/utility room and in-floor heat throughout. Outside, you'll love the water feature, built-in fire pit, the dock is included and the property has a sprinkler system. Call now for a private showing of this beautiful property!

Last Agent to Sell the Property

JIM BEAL

JBEAL REAL ESTATE GROUP License #20211927 Listed on: 07/16/2019

Co-Listed By

Shannon Beal

JBEAL REAL ESTATE GROUP

Last Buyer's Agent

Jason Beal

JBEAL REAL ESTATE GROUP License #20276087

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,872

Year Built

  • 2001

Lot Details

  • 0.62 Acre Lot
  • 130 Feet of Waterfront
  • Lake Front
  • Property fronts a county road
  • Sandy Beach
  • Cul-De-Sac
  • Sprinkler System
  • Landscaped with Trees

Home Design

  • Ranch Style House
  • Poured Concrete
  • Frame Construction
  • Asphalt Shingled Roof
  • Steel Siding
  • Stone Exterior Construction

Interior Spaces

  • Open Floorplan
  • Woodwork
  • Ceiling Fan
  • Gas Fireplace
  • Double Pane Windows
  • Window Treatments
  • Dining Room

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Heated Floors

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Bathroom on Main Level

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Drain
  • Basement Window Egress

Home Security

  • Home Security System
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Driveway

Eco-Friendly Details

  • Air Exchanger

Outdoor Features

  • Beach Access
  • Docks
  • Deck
  • Patio
  • Outdoor Water Feature
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater
  • Water Softener is Owned

Listing and Financial Details

  • Assessor Parcel Number R14.05.27.476.009

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,872

Year Built

2001

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Classification: Homestead
  • Style: Ranch/Rambler (L)
  • Amenities: Ceiling Fans, Eat-In Kitchen, Garage Door Opener, Hardwood Floors, Kitchen Center Island, Natural Woodwork, Security System, Walk-In Closet, Washer/Dryer Hookups, Combination Windows (L), Double Pane Windows (L), Smoke Alarms (L), CO Detectors (L), Window Coverings (L)
  • Amenities Exterior: Deck, Dock, Driveway - Asphalt, Driveway - Concrete, Inground Sprinkler System, Irrigation System, Patio, Porch, Water Feature
  • Estimated Number of Acres: 0.62
  • Beach Type: Sand
  • Construction: Previously Owned
  • Foundation Size: 1534
  • L V T Date: 07/16/2019
  • Mechanicals: Air to Air Exchange, Water Heater-Gas, Water Softener-Owned, Sump Pump
  • Parcel Number: R14.05.27.476.009
  • Stories: 1 Story
  • Street Designation: Lane
  • Percentage Of Ownership: 100
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2001

Interior Features

  • Dining Room: Breakfast Bar, Combine with Kitchen, Combine with Living Room, Informal Dining Room, Open Floor Plan
  • Fireplace: Yes
  • Fireplace Type: Gas
  • Appliances: Cooktop, Dishwasher, Dryer, Microwave, Refrigerator, Wall Oven, Washer
  • Total Bedrooms: 4
  • Bathroom Description: 3/4 Master, Full Basement, Main Floor 1/2 Bath, Main Floor 3/4 Bath, Private Master
  • Total Bathrooms: 3
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 3
  • Room 1: Living Room, 18'11x16'2, On Level: Main
  • Room 2: Dining Room, 13'8x11'2, On Level: Main
  • Room 3: Kitchen, 14'1x13'10, On Level: Main
  • Room 4: Bathroom, 5'x5', On Level: Main
  • Room 5: Laundry Room, 7'5x5'2, On Level: Main
  • Room 6: Master Bedroom, 12'06x16'10, On Level: Main
  • Room 7: 12'10x4'10, On Level: Main
  • Room 8: Sunroom/Solarium, 11'8x10', On Level: Main
  • Room 9: Family Room, 18'7x15'9, On Level: Lower
  • Room 10: Rec Room, 13'3x13'9, On Level: Lower
  • Room 11: Bedroom, 13'9x11'6, On Level: Lower
  • Room 12: Bedroom, 12'11x12'3, On Level: Lower
  • Room 13: Bathroom, 5'4x8', On Level: Lower
  • Room 14: Utility Room, 14'4x8'10, On Level: Lower
  • Room 15: Storage Room, 5'8x4'5, On Level: Lower
  • Room 16: Bedroom, 12'3x14'6, On Level: Lower
  • Basement Features: Daylight/Lookout Windows, Drainage System, Egress Windows, Finished, Sump Pump, Walkout
  • Basement Material: Poured Concrete
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 1534
  • Below Grade Finished Sq Ft: 1375
  • Tot Above Grade Sq Ft: 1534
  • Total Fin Square Footage: 2909
  • Total Square Footage: 3068
  • Tot Below Grade Sq Ft: 1534

Exterior Features

  • Frontage Road: County, Paved
  • Waterfront Name: Duck
  • Construction Type: Frame/Wood
  • Exterior: Steel, Stone
  • Roof: Asphalt Shingles
  • Waterfront: Yes
  • Water Frontage: 130
  • Waterfront Description: Lake

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 3

Utilities

  • Cooling: Central
  • Fuel: Natural Gas
  • Heat: Forced Air, In Floor
  • Sewer: City
  • Water: City

Schools

  • Mankato Schools: Mankato West, Prairie Winds Middle

Lot Info

  • Estimated Lot Dimensions: 26,775 SF
  • Lot/Land Description: Accessible Shoreline, Cul De Sac, Landscaped, Tree Coverage - Medium, Paved Streets

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2019
Closed on
Oct 3, 2019
Sold by
Hayes James P and Hayes Patricia A
Bought by
Smith Cory and Page Smith Leah
Seller's Agent
JIM BEAL
JBEAL REAL ESTATE GROUP
Buyer's Agent
Jason Beal
JBEAL REAL ESTATE GROUP
List Price
$674,900
Sold Price
$630,000
Premium/Discount to List
-$44,900
-6.65%
Current Estimated Value
$825,971

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$195,971
Avg. Annual Appreciation
4.52%
Original Mortgage
$430,000
Outstanding Balance
$376,702
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$449,269

Purchase Details

Closed on
Sep 17, 2015
Sold by
Hayes Patricia and Hayes James
Bought by
Hayes Patricia A and Hayes James P
Source: Public Records

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Smith Cory $630,000 North American Title
Hayes Patricia A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Cory $430,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/01/2019 10/01/19 Sold $630,000 -5.2% $217 / Sq Ft
08/29/2019 08/29/19 Pending -- -- --
08/05/2019 08/05/19 Price Changed $664,900 -1.5% $229 / Sq Ft
07/16/2019 07/16/19 For Sale $674,900 -- $232 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,872 $758,600 $223,500 $535,100
2024 $9,872 $681,100 $222,900 $458,200
2023 $8,926 $659,900 $222,900 $437,000
2022 $8,648 $587,700 $225,000 $362,700
2021 $8,360 $556,900 $225,000 $331,900
2020 $6,632 $476,000 $213,200 $262,800
2019 $3,200 $476,000 $213,200 $262,800
2018 $6,548 $478,900 $236,900 $242,000
2017 $6,092 $478,900 $236,900 $242,000
2016 $5,880 $460,100 $236,900 $223,200
2015 $55 $455,400 $236,900 $218,500
2014 $6,458 $434,300 $236,900 $197,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7021581

REALTOR® Association of Southern Minnesota

APN: R14-05-27-476-009