NOT LISTED FOR SALE

24170 Gingerale Trail Madison Lake, MN 56063

Estimated Value: $764,000 - $892,000

4 Beds
5 Baths
3,178 Sq Ft
$261/Sq Ft Est. Value

Last Sold June 11, 2021

Last sale price $693,500 $218 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $5,002/month

Highlights

  • Lake Front
  • Docks
  • Second Kitchen
  • Eagle Lake Elementary School Rated A-
  • Beach Access
  • 1-minute walk to Lake George

About This Home

As of June 2021

Lake lovers’ paradise! So much to appreciate in this impressive, year-round 3+ Bedroom, 5 Bath, 1.3-acre, lake front property on lovely secluded Lake George, featuring a versatile, detached 40 x 50’ heated workshop, complete with 1/2 Bath—perfectly suited for hobbyists, toy/vehicle storage or socializing. Plenty of additional parking and storage in the home’s attached 3-stall garage, conveniently equipped with laundry hook-ups. This quality-constructed home boasts an open floor plan and aesthetic appeal throughout, with numerous notable highlights including gorgeous hardwood flooring, custom wood cabinetry, abundant ceramic tile details, and the plethora of captivating windows showcasing spectacular views of the lake. In addition to an informal sitting room and ½ Bath, the main level features a classy Kitchen with stainless appliances, granite countertops, a center island and built-in wine rack/buffet, open to a semi-formal Living Room where focal points include a stately brick fireplace, a lakeview wall of windows and beautiful custom columns framing the elegant, adjacent Dining Room. The open staircase guides you to an overlooking balcony area, keeping the lake in full view. Upstairs you’ll find 2 Bedrooms, including the Master Suite, featuring a large walk-in closet, a stunning Master Bath retreat and convenient adjacent Laundry Room as well as an additional ¾ Bath. Also worth noting is this home’s well-planned accommodation for an elevator shaft, to give you the option for whole-house accessibility so you can enjoy lakeside living well into retirement. The lower level houses 2 additional Bedrooms, another ¾ Bath and a second Kitchen ideally set up for entertaining--as it walks out to a large patio area with easy access to the dock and all your favorite activities on the lake! *Fourth Bedroom in the lower level does not have an egress window, but does have 2 nearby exits.

Last Agent to Sell the Property

Dar Vosburg

HOME RUN REALTY License #20093521 Listed on: 03/15/2021

Last Buyer's Agent

John Ries

RE/MAX DYNAMIC AGENTS

RE/MAX DYNAMIC AGENTS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,704

Year Built

  • 2001

Lot Details

  • 1.3 Acre Lot
  • Lake Front
  • Property fronts a county road
  • Street terminates at a dead end
  • Landscaped with Trees

Home Design

  • Brick Exterior Construction
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Woodwork
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Double Pane Windows
  • Formal Dining Room
  • Workshop
  • Washer and Dryer Hookup

Kitchen

  • Second Kitchen
  • Eat-In Kitchen
  • Cooktop
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom
  • In-Law or Guest Suite
  • Bathroom on Main Level
  • Bathtub With Separate Shower Stall

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Block Basement Construction
  • Natural lighting in basement

Home Security

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

Parking

  • 5 Car Garage
  • Garage Door Opener
  • Driveway
  • RV Access or Parking

Outdoor Features

  • Beach Access
  • Docks
  • Deck
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number R37.05.20.151.003

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,704

Year Built

2001

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Classification: Homestead
  • Style: SF Single Family
  • Amenities: Ceiling Fans, Eat-In Kitchen, Garage Door Opener, Hardwood Floors, Natural Woodwork, Security System, Tiled Floors, Vaulted Ceilings, Walk-In Closet, Washer/Dryer Hookups, Mother-In-Law Apt. (L), Double Pane Windows (L), Smoke Alarms (L), CO Detectors (L)
  • Amenities Exterior: Deck, Dock, Driveway - Asphalt, Driveway - Concrete, Patio, RV Parking
  • Estimated Number of Acres: 1.3
  • Assessments: Yes
  • Construction: Previously Owned
  • Foundation Size: 1309
  • L V T Date: 03/15/2021
  • Mechanicals: Water Heater-Gas
  • Parcel Number: R37.05.20.151.003
  • Stories: 2 Story
  • Street Designation: Trail
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2001

Interior Features

  • Dining Room: 2nd Kitchen, Eat-In Kitchen, Formal Dining Room, Open Floor Plan
  • Fireplace: Yes
  • Fireplace Type: Gas
  • Appliances: Cooktop, Dishwasher, Disposal, Exhaust Fan/Hood, Microwave, Range/Stove, Refrigerator
  • Total Bedrooms: 4
  • Bathroom Description: 3/4 Basement, Full Master, Main Floor 1/2 Bath, Private Master, Separate Tub & Shower, Upper Level Bath
  • Total Bathrooms: 5
  • Half Bathrooms: 2
  • Three Quarter Bathrooms: 2
  • Full Bathrooms: 1
  • Total Bathrooms: 5
  • Room 1: Den/Office, 12' 3"x11' 11", On Level: Main
  • Room 2: Kitchen, 17'x13' 1", On Level: Main
  • Room 3: Living Room, 18' 6"x16' 4", On Level: Main
  • Room 4: Dining Room, 16' 3"x12', On Level: Main
  • Room 5: Bedroom, 16' 2"x11', On Level: Upper
  • Room 6: Master Bedroom, 16' 10"x16' 8", On Level: Upper
  • Room 7: 19' 1"x16' 7", On Level: Lower
  • Room 8: Kitchen, 17' 3"x13', On Level: Lower
  • Room 9: Bedroom, 14'x13', On Level: Lower
  • Room 10: Bedroom, 16' 4"x10' 9", On Level: Lower
  • Basement Features: Daylight/Lookout Windows, Finished, Walkout
  • Basement Material: Concrete Block
  • Basement Style: Full, Walk-out
  • Finished Above Grade Sq Ft: 2178
  • Below Grade Finished Sq Ft: 1000
  • Tot Above Grade Sq Ft: 2178
  • Total Fin Square Footage: 3178
  • Total Square Footage: 3487
  • Tot Below Grade Sq Ft: 1309

Exterior Features

  • Frontage Road: County, Dead End/No Outlet, Paved
  • Waterfront Name: George
  • Construction Type: Frame/Wood
  • Exterior: Brick, Wood
  • Out Buildings: Workshop
  • Roof: Asphalt Shingles
  • Waterfront: Yes
  • Waterfront Description: Lake

Garage/Parking

  • Garage Type: Attached, Detached
  • Garage Capacity: 5
  • Garage Square Footage: 2904

Utilities

  • Cooling: Central
  • Fuel: Natural Gas
  • Heat: Forced Air
  • Sewer: City
  • Water: Shared

Schools

  • Mankato Schools: Mankato East, Eagle Lake Elementary

Lot Info

  • Estimated Lot Dimensions: 56,628 Sq. Ft.
  • Lot/Land Description: Accessible Shoreline, Tree Coverage - Medium, Paved Streets

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2021
Closed on
Jun 11, 2021
Sold by
Hancock Jeffery L
Bought by
Palleschi Gerald F and Palleschi Cynthia L
Seller's Agent
Dar Vosburg
HOME RUN REALTY
Buyer's Agent
John Ries
RE/MAX DYNAMIC AGENTS
List Price
$699,900
Sold Price
$693,500
Premium/Discount to List
-$6,400
-0.91%
Current Estimated Value
$828,954

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$135,454
Avg. Annual Appreciation
4.16%

Purchase Details

Closed on
Oct 24, 2015
Sold by
Hancock Jeffery L and Hancock Vickie J
Bought by
Hancock Jeffery L

Purchase Details

Closed on
Jun 30, 2010
Sold by
Hodapp Gary D and Hodapp Robin A
Bought by
Hancock Jeffery L and Hancock Vickie J
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 Buyer Sale Price Title Company
Palleschi Gerald F $693,500 North American Title
Hancock Jeffery L -- Chicago Title
Hancock Jeffery L $600,000 --
Palleschi Gerald Gerald $693,500 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/11/2021 06/11/21 Sold $693,500 -0.9% $218 / Sq Ft
04/06/2021 04/06/21 Pending -- -- --
03/15/2021 03/15/21 For Sale $699,900 -- $220 / 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 $7,704 $856,500 $152,900 $703,600
2024 $7,704 $754,600 $152,900 $601,700
2023 $6,910 $762,800 $152,900 $609,900
2022 $5,812 $704,200 $152,900 $551,300
2021 $7,054 $558,500 $152,900 $405,600
2020 $7,228 $557,200 $152,900 $404,300
2019 $6,728 $557,200 $152,900 $404,300
2018 $5,266 $534,400 $152,900 $381,500
2017 $4,476 $524,100 $152,900 $371,200
2016 $4,300 $468,400 $152,900 $315,500
2015 $42 $449,900 $152,900 $297,000
2014 $4,452 $461,400 $152,900 $308,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7026415

REALTOR® Association of Southern Minnesota

APN: R37-05-20-151-003