NOT LISTED FOR SALE

118 Jacks Dr Madison Lake, MN 56063

Estimated Value: $793,000 - $983,000

5 Beds
5 Baths
4,884 Sq Ft
$178/Sq Ft Est. Value

Last Sold April 30, 2019

Last sale price $512,000 $105 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $5,194/month

Highlights

  • Lake Front
  • Docks
  • Spa
  • Eagle Lake Elementary School Rated A-
  • Sandy Beach
  • Heated Floors

About This Home

As of April 2019

Exceptional year-round lake home on beautiful Ballantyne Lake, just minutes from Mankato. 120' lake frontage. 5,000 sq. ft., 4+ bedrooms, 3 full baths & 2 half baths. Main floor has formal living & dining room. (Note the wonderful windows and raised ceiling.) Main floor family room w/fireplace & dinette area offer a great view of the lake. Kitchen has stunning Cambria countertops & an abundance of cabinets, recessed lights & under-cabinet lighting. New flooring in kitchen, family room, dining & living room, 2016. Main floor laundry w/pet shower & half bath. Main floor master bedroom suite w/walk-in closet, full bath w/separate shower & tub, double sinks---newly redone, 2018. Exterior door onto deck from Master bedroom. 3 good-sized bedrooms & full bath on 2nd floor. Includes stove, refrigerator, dishwasher, microwave, washer/dryer, softener pool table & dock.

Last Agent to Sell the Property

Dick Norland

MIDWEST REALTY License #00254762 Listed on: 06/15/2018

Last Buyer's Agent

Andrew Kolars

REALTY EXECUTIVES ASSOCIATES License #20337744

REALTY EXECUTIVES ASSOCIATES

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,304

Year Built

  • 2001

Lot Details

  • 1.2 Acre Lot
  • Lake Front
  • Sandy Beach

Home Design

  • Poured Concrete
  • Frame Construction
  • Steel Siding

Interior Spaces

  • 2-Story Property
  • Woodwork
  • Vaulted Ceiling
  • Gas Fireplace
  • Formal Dining Room
  • Heated Floors

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • Bathroom on Main Level

Laundry

  • Dryer
  • Washer

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Basement Window Egress

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Outdoor Features

  • Spa
  • Docks
  • Deck
  • Patio
  • Storage Shed

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Powered By Leased Propane
  • Water Softener is Owned

Listing and Financial Details

  • Assessor Parcel Number R37 05 28 351 005

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,304

Year Built

2001

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Classification: Homestead
  • Style: SF Single Family
  • Amenities: Garage Door Opener, Kitchen Center Island, Natural Woodwork, Vaulted Ceilings
  • Amenities Exterior: Deck, Dock, Hot Tub, Patio
  • Estimated Number of Acres: 1.2
  • Assessments: Yes
  • Beach Type: Sand
  • Foundation Size: 2042
  • L V T Date: 06/15/2018
  • Mechanicals: Water Softener-Owned
  • Parcel Number: R37 05 28 351 005
  • Stories: 2 Story
  • Street Designation: Drive
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2001

Interior Features

  • Dining Room: Eat-In Kitchen, Formal Dining Room
  • Fireplace Type: Gas
  • Appliances: Dishwasher, Dryer, Microwave, Range/Stove, Refrigerator, Washer
  • Total Bedrooms: 5
  • Bathroom Description: 1/2 Basement, Full Basement, Full Master, Main Floor 1/2 Bath, Upper Level Bath
  • Total Bathrooms: 5
  • Half Bathrooms: 2
  • Full Bathrooms: 3
  • Total Bathrooms: 5
  • Room 1: Living Room, 16x15, On Level: Main
  • Room 2: Kitchen, 15x23, On Level: Main
  • Room 3: Dining Room, 14x12, On Level: Main
  • Room 4: Master Bedroom, 17x16, On Level: Main
  • Room 5: Bedroom, 15x12, On Level: Upper
  • Room 6: Bedroom, 14x12, On Level: Upper
  • Room 7: 18x11, On Level: Upper
  • Room 8: Family Room, 19.4x28.8, On Level: Lower
  • Room 9: Bedroom, 16x15, On Level: Lower
  • Room 10: Sunroom/Solarium, 11.6x12, On Level: Main
  • Room 11: Family Room, 14.9x18, On Level: Main
  • Room 12: Other, 13.9x24, On Level: Lower
  • Room 13: Bedroom, 12x12, On Level: Lower
  • Basement Features: Egress Windows, Partially Finished
  • Basement Material: Poured Concrete
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 3184
  • Below Grade Finished Sq Ft: 1700
  • Tot Above Grade Sq Ft: 3184
  • Total Fin Square Footage: 4884
  • Total Square Footage: 5226
  • Tot Below Grade Sq Ft: 2042

Exterior Features

  • Waterfront Name: Ballantyne
  • Construction Type: Frame/Wood
  • Exterior: Steel
  • Out Buildings: Hot Tub, Storage Shed
  • Waterfront: Yes
  • Waterfront Description: Lake

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 3

Utilities

  • Cooling: Central
  • Fuel: Propane - Tank Rented
  • Heat: Forced Air, In Floor
  • Sewer: City
  • Water: Shared

Schools

  • Mankato Schools: Mankato East

Lot Info

  • Estimated Lot Dimensions: 52,274 s.f.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2018
Closed on
Apr 30, 2019
Sold by
Barnes Matthew P and Barnes Kristin D
Bought by
Opie Terry and Opie Tracy
Seller's Agent
Dick Norland
MIDWEST REALTY
Buyer's Agent
Andrew Kolars
REALTY EXECUTIVES ASSOCIATES
List Price
$529,900
Sold Price
$512,000
Premium/Discount to List
-$17,900
-3.38%
Current Estimated Value
$871,602

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$359,602
Avg. Annual Appreciation
8.53%
Original Mortgage
$460,800
Outstanding Balance
$405,136
Interest Rate
4.2%
Mortgage Type
New Conventional
Estimated Equity
$466,466

Purchase Details

Closed on
Jul 1, 2008
Sold by
Jamrog Jeffrey J and Jamrog Connie J
Bought by
Barnes Matthew P and Barnes Kristin D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$479,000
Interest Rate
6.15%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Opie Terry $512,000 None Available
Barnes Matthew P $484,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Opie Terry $460,800
Previous Owner Barnes Matthew P $479,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2019 04/30/19 Sold $512,000 -1.3% $105 / Sq Ft
01/17/2019 01/17/19 Pending -- -- --
08/07/2018 08/07/18 Price Changed $519,000 -2.1% $106 / Sq Ft
06/15/2018 06/15/18 For Sale $529,900 -- $108 / 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 $7,304 $811,300 $143,200 $668,100
2024 $7,304 $730,500 $143,200 $587,300
2023 $6,506 $737,300 $143,200 $594,100
2022 $5,936 $680,200 $143,200 $537,000
2021 $5,856 $580,200 $143,200 $437,000
2020 $6,060 $577,300 $143,200 $434,100
2019 $7,790 $577,300 $143,200 $434,100
2018 $7,764 $547,100 $143,200 $403,900
2017 $6,942 $547,100 $143,200 $403,900
2016 $6,814 $486,600 $143,200 $343,400
2015 $70 $466,300 $143,200 $323,100
2014 $4,610 $478,600 $143,200 $335,400
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2019

    Dick Norland

    MIDWEST REALTY

    (507) 625-6060

    89 Total Sales

    Dick Norland
    Section Image
  • Andrew Kolars

    Buyer's Agent in 2019

    Andrew Kolars

    Realty Executives

    (507) 317-7777

    78 Total Sales

    Andrew Kolars
    Section Image
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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7018097

REALTOR® Association of Southern Minnesota

APN: R37-05-28-351-005

Minnesota Blue Earth County Madison Lake 56063

118 Jacks Dr, Madison Lake, MN

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