$419,000
SOLD MAY 31, 2022

114 E Bay Dr Madison Lake, MN 56063

2.3 Acres
$182,174 Price per Acre
100,188 Sq Ft Lot

Recently Sold

Highlights

  • Lake Front
  • Cul-De-Sac
  • Level Lot
  • Hilly Lot
  • Landscaped with Trees

About This Lot

As of May 2022

Are you looking for a lot to build your dream home on? Here it is, located only minutes from Mankato on Madison Lake is this 2.3 acre lot with 400' of lake frontage. The lower part of this lot is over 1 acre and level to the lake. You may be able to build your home on the lower part of this lot, you will need the County's approval. Features are : Blacktop road, on a cul-de-sac, over 400' of lake frontage, large level area by the lake, large trees, great neighborhood, Shared well and hooked up to the Lake Washington Sanitary Sewer.

Last Agent to Sell the Property

Scott Borgmeier

BorgsHomes Realty License #40663204 Listed on: 04/16/2022

Last Buyer's Agent

Scott Borgmeier

BorgsHomes Realty License #40663204 Listed on: 04/16/2022

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,158

Lot Details

  • 2.3 Acre Lot
  • Lot Dimensions are 375 x 400
  • Lake Front
  • Cul-De-Sac
  • Level Lot
  • Irregular Lot
  • Hilly Lot
  • Landscaped with Trees

Utilities

  • Shared Well

Listing and Financial Details

  • Assessor Parcel Number R39.10.02.251.002

Property Details

Property Type

Land

Est. Annual Taxes

$2,158

Lot Details

0

Listing Details

  • Class: Lot/Land
  • Classification: Nonhomestead
  • Sub Type: Residential
  • Assessment Balance: 9359
  • Assessments: Yes
  • L V T Date: 04/16/2022
  • Parcel Number: R39.10.02.251.002
  • Projected Closed Date: 05/31/2022
  • Street Designation: Drive
  • Taxes With Assessments: 3558
  • Estimated Number of Acres: 2.3
  • Additional Information: Platted, Survey
  • Development Status: Subdivided
  • Land Improvements: Paved
  • Topography: Hilly, Level
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Waterfront Name: Madison
  • Waterfront: Yes
  • Waterfront Description: Lake

Utilities

  • Available Utilities: City Sewer, Shared Well
  • On Site Utilities: City Sewer, Shared Well

Lot Info

  • Lot/Land Description: Cul de Sac, Irregular Lot, Tree Coverage - Medium, Paved Streets
  • Estimated Lot Dimensions: 375 x 400

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2022
Closed on
May 31, 2022
Sold by
Johnson Roger
Bought by
Schooff David and Schooff Michelle
Seller's Agent
Scott Borgmeier
BorgsHomes Realty
Buyer's Agent
Scott Borgmeier
BorgsHomes Realty
List Price
$419,000
Sold Price
$419,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.17%
Original Mortgage
$419,000
Outstanding Balance
$398,905
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$93,015

Purchase Details

Closed on
Aug 13, 2016
Sold by
Johnson Roger A and Johnson Lupe O
Bought by
Johnson Trust
Source: Public Records

Range of Values:

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Average Value
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List Price
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 Type Sale Price Title Company
Deed $419,000 --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $419,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2025 07/29/25 Price Changed $496,000 -3.9% --
04/01/2025 04/01/25 For Sale $516,000 +23.2% --
05/31/2022 05/31/22 Sold $419,000 0.0% --
04/16/2022 04/16/22 Pending -- -- --
04/16/2022 04/16/22 For Sale $419,000 -- --
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 $2,158 $212,400 $212,400 $0
2024 $2,158 $212,400 $212,400 $0
2023 $1,954 $212,400 $212,400 $0
2022 $3,558 $212,400 $212,400 $0
2021 $3,630 $212,400 $212,400 $0
2020 $3,710 $212,400 $212,400 $0
2019 $3,748 $212,400 $212,400 $0
2018 $3,826 $212,400 $212,400 $0
2017 $3,914 $212,400 $212,400 $0
2016 $4,050 $212,400 $212,400 $0
2015 $39 $212,400 $212,400 $0
2014 $2,404 $637,200 $637,200 $0
Source: Public Records

Agents Affiliated with this Home

  • Rachel Wheeler

    Seller's Agent in 2025

    Rachel Wheeler

    Home Found Group of Minnesota LLC

    (612) 723-8578

    21 Total Sales

    Section Image
  • Scott Borgmeier

    Seller's Agent in 2022

    Scott Borgmeier

    BorgsHomes Realty

    (507) 257-2200

    185 Total Sales

    Section Image
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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7029495

REALTOR® Association of Southern Minnesota

APN: R39-10-02-251-002

Minnesota Blue Earth County Madison Lake 56063

114 E Bay Dr, Madison Lake, MN

This home is located at 114 E Bay Dr, Madison Lake, MN 56063 and is currently priced at $419,000. 114 E Bay Dr is a home located in Blue Earth County with nearby schools including Janesville-Waldorf-Pemberton Elementary School and Janesville-Waldorf-Pemberton High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

REALTOR® Association of Southern Minnesota IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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