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Seller's Agent in 2021
Elaine Buhs
TRUE REAL ESTATE
24003 Gingerale Trail Madison Lake, MN 56063
Estimated Value: $959,000 - $1,357,583
5
Beds
3.5
Baths
10,208
Sq Ft
$112/Sq Ft
Est. Value
Highlights
- Colonial Architecture
- Wood Flooring
- 5 Car Garage
- Eagle Lake Elementary School Rated A-
- Balcony
- 3-minute walk to Lake George
About This Home
As of October 2021Quiet country estate located at the end of a tree lined cul de sac. Nestled in the lakes region, this 5 bedroom 4 bath Craftsman Style home sits on just over 2 acres with approx. 10,000 sq. feet of living space. The house offers 5400 sq. feet with the attached commercial grade gymnasium adding another 4800 sq. feet. The main level boasts beautiful Brazilian cherry flooring and a cozy library/office with see thru fireplace to the sunken family room. Enjoy the open concept kitchen with cherry cabinets and large eat in area. Adjacent to the kitchen is a large mudroom with locker system and a half bath. The upper level offers an open study area with built in desk and shelving, full bath, 4 bedrooms including a master en suite with laundry room and veranda. A secret door leads to bonus space that could be used as a bunk room. In the lower level host friends and family for a wine tasting in the climate-controlled wine cellar, game of pool in the billiards area, a night of movies in the theater space or kick back and relax in the bar area. The three stall garage is heated and insulated with stairs that lead to lower level. There is an additional two stall tandem garage attached to the gym for more storage. This home offers easy, close access to an abundance of outdoor recreation not to mention it’s located only 5 miles to the Mankato Airport. Need reliable internet? Enjoy $25,000 of fiber optic cable recently installed to work at home. No detail was overlooked on this impeccably maintained estate!!
Last Agent to Sell the Property
Elaine Buhs
TRUE REAL ESTATE License #40567173 Listed on: 04/12/2021
Last Buyer's Agent
Elaine Buhs
TRUE REAL ESTATE License #40567173 Listed on: 04/12/2021
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $12,926
Year Built
- 2003
Lot Details
- 2.38 Acre Lot
- Cul-De-Sac
- Street terminates at a dead end
- Landscaped
- Irregular Lot
- Sprinkler System
Home Design
- Colonial Architecture
- Poured Concrete
- Frame Construction
- Metal Roof
- Steel Siding
- Stone Exterior Construction
Interior Spaces
- 2-Story Property
- Wet Bar
- Wired For Data
- Ceiling Fan
- Gas Fireplace
- Window Treatments
Kitchen
- Eat-In Kitchen
- Built-In Oven
- Cooktop
- Microwave
- Dishwasher
- Kitchen Island
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Walk-In Closet
- Bathroom on Main Level
Laundry
- Dryer
- Washer
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Basement Window Egress
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 5 Car Garage
- Tandem Garage
- Garage Door Opener
- Driveway
Eco-Friendly Details
- Air Exchanger
Outdoor Features
- Balcony
- Patio
Utilities
- Forced Air Heating and Cooling System
- Furnace Humidifier
- Underground Utilities
- Water Filtration System
- Private Water Source
- Water Softener Leased
Listing and Financial Details
- Assessor Parcel Number R37.05.20.300.019
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 12, 2021
Closed on
Nov 17, 2021
Sold by
Sadaka Habib M and Sadaka Jordyn
Bought by
Sadaka Habib M and Sadaka Jordyn
Seller's Agent
Elaine Buhs
TRUE REAL ESTATE
Buyer's Agent
Elaine Buhs
TRUE REAL ESTATE
List Price
$1,195,000
Sold Price
$782,500
Premium/Discount to List
-$412,500
-34.52%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$361,694
Avg. Annual Appreciation
9.81%
Original Mortgage
$547,750
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Listed on
Apr 12, 2021
Closed on
Sep 30, 2021
Sold by
Surprenant Chad C and Surprenant Tara L
Bought by
Sadaka Habib Milad
Seller's Agent
Elaine Buhs
TRUE REAL ESTATE
Buyer's Agent
Elaine Buhs
TRUE REAL ESTATE
List Price
$1,195,000
Sold Price
$782,500
Premium/Discount to List
-$412,500
-34.52%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$547,750
Interest Rate
2.8%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sadaka Habib M | -- | Minnesota River Valley Title | |
| Sadaka Habib M | -- | Minnesota River Valley Title | |
| Sadaka Habib Milad | $782,500 | Minnesota River Valley Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Sadaka Habib Milad | $547,750 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/05/2021 10/05/21 | Sold | $782,500 | -7.9% | $77 / Sq Ft |
| 09/18/2021 09/18/21 | Pending | -- | -- | -- |
| 09/13/2021 09/13/21 | Price Changed | $849,900 | -12.8% | $83 / Sq Ft |
| 08/20/2021 08/20/21 | Price Changed | $975,000 | -2.1% | $96 / Sq Ft |
| 06/12/2021 06/12/21 | Price Changed | $995,900 | -9.1% | $98 / Sq Ft |
| 05/14/2021 05/14/21 | Price Changed | $1,095,000 | -8.4% | $107 / Sq Ft |
| 04/12/2021 04/12/21 | For Sale | $1,195,000 | -- | $117 / Sq Ft |
Source: REALTOR® Association of Southern Minnesota
Tax History Compared to Growth
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 | $12,926 | $1,296,700 | $103,100 | $1,193,600 |
| 2024 | $12,926 | $1,208,200 | $103,100 | $1,105,100 |
| 2023 | $11,552 | $1,229,800 | $103,100 | $1,126,700 |
| 2022 | $10,634 | $1,121,500 | $103,100 | $1,018,400 |
| 2021 | $12,776 | $952,200 | $103,100 | $849,100 |
| 2020 | $12,522 | $887,800 | $103,100 | $784,700 |
| 2019 | $4,302 | $887,800 | $103,100 | $784,700 |
| 2018 | $10,614 | $877,900 | $103,100 | $774,800 |
| 2017 | $8,924 | $878,800 | $103,100 | $775,700 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: REALTOR® Association of Southern Minnesota
MLS Number: 7026679
APN: R37.05.20.300.019
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