Seller's Agent in 2023
Richard Draheim
Weichert Realtors, Community Group
(507) 345-1111
181 Total Sales
3001 Mustang Dr Madison Lake, MN 56063
Estimated Value: $416,000 - $597,000
4
Beds
3
Baths
2,834
Sq Ft
$188/Sq Ft
Est. Value
Highlights
- Dock Facilities
- Beach
- Deck
- Eagle Lake Elementary School Rated A-
- RV Access or Parking
- Recreation Room
About This Home
As of September 2023Stunning modern farmhouse-style house nestled close to the picturesque shores of Lake Ballantyne. This beautiful property offers an idyllic lake area retreat with all the comforts and conveniences of a modern home. With 4 bedrooms and 3 bathrooms spread over 2,932 square feet, this spacious house provides ample space for comfortable living. As you step inside, you'll be greeted by the warm ambiance of the wood floors and the inviting views from all of the windows in the living area. The kitchen boasts hard surface countertops and is perfect for both everyday cooking and entertaining guests. One of the highlights of this property is the deck, offering breathtaking views of the lake and creating the perfect setting for outdoor gatherings. Convenience is key with a 3-car garage and RV parking pad, providing plenty of space for vehicles and recreational vehicles. The property also features a porch that adds charm to its curb appeal. You'll enjoy the shared swimming beach and dock too!
Last Agent to Sell the Property
Weichert Realtors, Community Group Listed on: 06/29/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,026
Year Built
- Built in 1997
Lot Details
- 1.37 Acre Lot
- Few Trees
HOA Fees
- $21 Monthly HOA Fees
Parking
- 3 Car Attached Garage
- Heated Garage
- RV Access or Parking
Interior Spaces
- 1.5-Story Property
- Electric Fireplace
- Family Room
- Living Room
- Dining Room
- Recreation Room
- Loft
- Storage Room
- Finished Basement
- Walk-Out Basement
Kitchen
- Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bedroom on Main
Laundry
- Laundry Room
- Washer
Eco-Friendly Details
- Air Exchanger
Outdoor Features
- Dock Facilities
- Shared Waterfront
- Deck
Utilities
- Forced Air Heating and Cooling System
- Vented Exhaust Fan
- Shared Water Source
- Gas Water Heater
- Water Softener Leased
Listing and Financial Details
- Assessor Parcel Number R370533226017
Community Details
Overview
- Point Wild Association, Phone Number (507) 317-3549
- Point Wild Subdivision
Recreation
- Beach
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 29, 2023
Closed on
Sep 18, 2023
Sold by
Blume Ross and Blume Stephanie
Bought by
Ballman Matt and Ballman Cynthia
Seller's Agent
Richard Draheim
Weichert Realtors, Community Group
Buyer's Agent
Michael Danberry
Realty Executives Associates
List Price
$545,000
Sold Price
$550,021
Premium/Discount to List
$5,021
0.92%
Views
54
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
-$17,928
Avg. Annual Appreciation
-1.53%
Original Mortgage
$440,017
Outstanding Balance
$430,579
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$101,514
Purchase Details
Closed on
Sep 1, 2016
Sold by
Oswald Matthew
Bought by
Blume Ross D and Blume Stephanie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,900
Interest Rate
3.43%
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 |
|---|---|---|---|
| Ballman Matt | $550,021 | -- | |
| Blume Ross D | $247,900 | St Andrews Title & Exchange |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ballman Matt | $440,017 | |
| Previous Owner | Blume Ross D | $157,900 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/18/2023 09/18/23 | Sold | $550,021 | +0.9% | $194 / Sq Ft | |
| 07/03/2023 07/03/23 | Pending | -- | -- | -- | |
| 06/29/2023 06/29/23 | For Sale | $545,000 | +153.5% | $192 / Sq Ft | |
| 09/30/2014 09/30/14 | Sold | $215,000 | -23.2% | $73 / Sq Ft | View Prior Sale |
| 07/12/2014 07/12/14 | Pending | -- | -- | -- | |
| 05/14/2014 05/14/14 | For Sale | $279,900 | -- | $95 / Sq Ft |
Source: NorthstarMLS
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 | $3,696 | $432,000 | $76,400 | $355,600 |
| 2024 | $3,696 | $401,900 | $76,400 | $325,500 |
| 2023 | $3,026 | $365,600 | $76,400 | $289,200 |
| 2022 | $2,584 | $337,800 | $76,400 | $261,400 |
| 2021 | $2,368 | $269,400 | $76,400 | $193,000 |
| 2020 | $2,316 | $238,200 | $61,200 | $177,000 |
| 2019 | $2,100 | $238,200 | $61,200 | $177,000 |
| 2018 | $2,040 | $224,100 | $61,200 | $162,900 |
| 2017 | $1,706 | $221,200 | $61,200 | $160,000 |
| 2016 | $4,268 | $197,200 | $61,200 | $136,000 |
| 2015 | $43 | $185,300 | $61,200 | $124,100 |
Source: Public Records
Agents Affiliated with this Home
-
Richard Draheim
-
Michael Danberry
Buyer's Agent in 2023
Michael Danberry
Realty Executives
(507) 676-3950
120 Total Sales
-
Mary Weller
Seller's Agent in 2014
Mary Weller
Coldwell Banker River Valley
(507) 420-5435
90 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6395183
APN: R37-05-33-226-017
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