NOT LISTED FOR SALE

3003 Mustang Dr Madison Lake, MN 56063

Estimated Value: $500,000 - $596,000

5 Beds
3.5 Baths
3,190 Sq Ft
$177/Sq Ft Est. Value

Last Sold October 27, 2020

Last sale price $386,745 $121 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $3,573/month

Highlights

  • Deeded Waterfront Access Rights
  • Open Floorplan
  • Workshop
  • Eagle Lake Elementary School Rated A-
  • Deck
  • 3 Car Garage

About This Home

As of October 2020

Welcome to 3003 Mustang Drive. This 2.03 acre property features 5 bedrooms, 4 baths and shared access to Lake Ballantyne! Inside you will find a spacious tiled entry with coat closet. The kitchen includes center island, ample cabinetry with pull out shelving. Half bath is off the kitchen that leads to 3 stall garage. Open concept living room and dining area with brand new maintenance free deck added in 2020. Off the dining is a great sunroom or office space. The upper level you will find the master bedroom with ensuite. The master bathroom with a jetted tub! Two additional bedrooms complete the upper level. On your way to the lowest level you will find the laundry and two more additional bedrooms. The lowest level is primed for full entertainment, wet bar, rec room with recessed lighting, 3 sided fireplace, family room wired for surround sound. Walkout basement to huge backyard! Utility room, storage closet and access to single tuck under garage. Additional features: heated 3 stall garage, compressed air hookups and TV hookups, detached 30x40 shop with 100 amp service, floor drain and gas line for future heater. Shed with concrete floors. Association dues cover well maintenance. Come check it out today!

Last Agent to Sell the Property

Amber Bruender

TRUE REAL ESTATE Listed on: 09/18/2020

TRUE REAL ESTATE

Last Buyer's Agent

Christine Gerber

RE/MAX DYNAMIC AGENTS

RE/MAX DYNAMIC AGENTS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,954

Year Built

  • 1997

Lot Details

  • 2.03 Acre Lot
  • Cul-De-Sac
  • Landscaped with Trees

HOA Fees

  • $21 Monthly HOA Fees

Home Design

  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Vinyl Siding
  • Stucco Exterior

Interior Spaces

  • Multi-Level Property
  • Open Floorplan
  • Gas Fireplace
  • Combination Dining and Living Room
  • Workshop
  • Tile Flooring

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 3 Car Garage
  • Garage Door Opener

Outdoor Features

  • Deeded Waterfront Access Rights
  • Beach Access
  • Deck
  • Storage Shed

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater
  • Water Softener is Owned

Community Details

  • Association fees include water

Listing and Financial Details

  • Assessor Parcel Number R37.05.33.226.010

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,954

Year Built

1997

Lot Details

0

HOA Fees

$21 per month

Listing Details

  • Class: SINGLE FAMILY
  • Classification: Homestead
  • Style: SF Single Family
  • Amenities: Eat-In Kitchen, Garage Door Opener, Kitchen Center Island, Tiled Floors, Washer/Dryer Hookups, Smoke Alarms (L), CO Detectors (L)
  • Amenities Exterior: Deck
  • Estimated Number of Acres: 2.03
  • Assessments: Yes
  • Construction: Previously Owned
  • Foundation Size: 1840
  • L V T Date: 09/18/2020
  • Mechanicals: Water Heater-Electric, Water Heater-Gas, Water Softener-Owned
  • Parcel Number: R37.05.33.226.010
  • Stories: Multi-Level (L)
  • Street Designation: Drive
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1997

Interior Features

  • Dining Room: Breakfast Bar, Combine with Living Room, Informal Dining Room, Open Floor Plan
  • Fireplace: Yes
  • Fireplace Type: Gas
  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Microwave, Range/Stove, Refrigerator, Washer
  • Total Bedrooms: 5
  • Bathroom Description: Full Master, Main Floor 1/2 Bath, Main Floor Full Bath, Upper Level Bath
  • Total Bathrooms: 4
  • Half Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bathrooms: 4
  • Room 1: Kitchen, 12'6"x11'5", On Level: Main
  • Room 2: Dining Room, 11'x12', On Level: Main
  • Room 3: Living Room, 14'x10'3", On Level: Main
  • Room 4: Den/Office, 14'8"x11'2", On Level: Main
  • Room 5: Master Bedroom, 11'x16'7", On Level: Upper
  • Room 6: Bathroom, 6'x11', On Level: Upper
  • Room 7: 5'x8', On Level: Upper
  • Room 8: Bedroom, 11'7"x11'3", On Level: Upper
  • Room 9: Bedroom, 11'3"x11'3", On Level: Upper
  • Room 10: Bedroom, 10'7"x11'5", On Level: Lower
  • Room 11: Bathroom, 7'x8', On Level: Lower
  • Room 12: Bedroom, 12'5"x10'3", On Level: Lower
  • Room 13: Family Room, 23'x10'3", On Level: Lower
  • Room 14: Rec Room, 22'8"x18'9", On Level: Lower
  • Basement Features: Finished, Walkout
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 1840
  • Below Grade Finished Sq Ft: 1350
  • Tot Above Grade Sq Ft: 1840
  • Total Fin Square Footage: 3190
  • Total Square Footage: 3680
  • Tot Below Grade Sq Ft: 1840

Exterior Features

  • Frontage Road: Gravel
  • Waterfront Name: Ballantyne
  • Construction Type: Frame/Wood
  • Exterior: Stucco, Vinyl, Wood
  • Out Buildings: Storage Shed, Workshop
  • Roof: Asphalt Shingles
  • Waterfront Description: Deeded Access

Garage/Parking

  • Garage Type: Attached, Detached
  • Garage Capacity: 3
  • Garage Square Footage: 1048

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Water
  • Association Fee Frequency: Yearly
  • Association Fee: Yes
  • Association Fee: 250

Schools

  • Mankato Schools: Mankato East, Eagle Lake Elementary

Lot Info

  • Estimated Lot Dimensions: irregular
  • Lot/Land Description: Accessible Shoreline, Cul De Sac, Landscaped, Tree Coverage - Medium

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2020
Closed on
Oct 27, 2020
Sold by
Mans Lawrence G and Mans Melissa
Bought by
Jaconson Jill Marie and Jaconson Chas
Seller's Agent
Amber Bruender
TRUE REAL ESTATE
Buyer's Agent
Christine Gerber
RE/MAX DYNAMIC AGENTS
List Price
$385,000
Sold Price
$386,745
Premium/Discount to List
$1,745
0.45%
Current Estimated Value
$564,937

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$178,192
Avg. Annual Appreciation
7.86%
Original Mortgage
$309,396
Outstanding Balance
$275,318
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$289,619

Purchase Details

Listed on
Oct 27, 2017
Closed on
Feb 23, 2018
Sold by
Klapperich David H and Klapperich Janet K
Bought by
Mans Lawrence G
Seller's Agent
Angie VanEman Lynch
AMERICAN WAY REALTY
Buyer's Agent
Amber Bruender
TRUE REAL ESTATE
List Price
$319,900
Sold Price
$332,000
Premium/Discount to List
$12,100
3.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.86%
Original Mortgage
$272,690
Interest Rate
3.75%
Mortgage Type
FHA
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
Jaconson Jill Marie $386,745 North American Title
Mans Lawrence G $332,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jaconson Jill Marie $309,396
Previous Owner Mans Lawrence G $272,690
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/27/2020 10/27/20 Sold $386,745 +0.5% $121 / Sq Ft
09/18/2020 09/18/20 Pending -- -- --
09/18/2020 09/18/20 For Sale $385,000 +16.0% $121 / Sq Ft
02/23/2018 02/23/18 Sold $332,000 +3.8% $104 / Sq Ft View Prior Sale
01/02/2018 01/02/18 Pending -- -- --
10/27/2017 10/27/17 For Sale $319,900 -- $100 / 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 $6,954 $593,400 $78,500 $514,900
2024 $6,954 $538,700 $78,500 $460,200
2023 $6,556 $549,800 $78,500 $471,300
2022 $5,974 $506,000 $78,500 $427,500
2021 $5,662 $399,100 $78,500 $320,600
2020 $5,640 $347,200 $63,000 $284,200
2019 $5,384 $347,200 $63,000 $284,200
2018 $5,448 $326,800 $63,000 $263,800
2017 $4,914 $325,900 $63,000 $262,900
2016 $4,844 $286,400 $63,000 $223,400
2015 $53 $273,300 $63,000 $210,300
2014 $2,854 $283,600 $63,000 $220,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7025368

REALTOR® Association of Southern Minnesota

APN: R37-05-33-226-010