Seller's Agent in 2017
Richard Draheim
WEICHERT REALTORS, COMMUNITY GROUP
(507) 345-1111
181 Total Sales
38 Balsam Ln Madison Lake, MN 56063
Estimated Value: $400,000 - $458,000
4
Beds
3
Baths
2,724
Sq Ft
$160/Sq Ft
Est. Value
Highlights
- New Construction
- Open Floorplan
- Vaulted Ceiling
- Eagle Lake Elementary School Rated A-
- Deck
- 3 Car Attached Garage
About This Home
As of April 2017You’ll warm up quickly to this stunning, quality built, new construction home. Step in to a spacious entry with tile floors and a roomy closet. You will be immediately drawn to the open living space, with vaulted ceilings and lots of natural lighting. The kitchen features tall cabinets and modern touches with glass tile back splash, quartz countertops, and stainless steel appliances. Patio doors open to a 12’x12’ maintenance free deck overlooking a nice backyard with mature trees, a stream and plenty of room to add a storage shed. The two upstairs bedrooms have nine foot ceilings including a master suite with private bath and walk in closet. The lower level is completely finished with two additional bedrooms, a bathroom, large walk-out family room, and a generous laundry room with room to spare for a craft corner. This house stands out with upgrades such as craftsman style three panel doors, wide poplar casing and base throughout and recessed LED lighting. It has an above standard three stall finished and insulated garage deep enough to store your boat. Steel siding with stone accents, Andersen windows, and a sod yard. There is also a high efficiency gas water heater. This must-see home is ideal for outdoor lovers as it is less than five minutes away from three recreational lakes as well as the Sakatah State Trail. The developing neighborhood offers small town living while a quick 10 minute drive will have you in Mankato. Start your new year by calling this house your home. Call Scott Borgmeier at Weichert Realtors now for a showing as it will not be available for long.
Last Agent to Sell the Property
WEICHERT REALTORS, COMMUNITY GROUP Listed on: 11/28/2016
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,310
Year Built
- 2016
Lot Details
- 0.29 Acre Lot
- Irregular Lot
- Landscaped with Trees
Home Design
- Frame Construction
- Asphalt Shingled Roof
- Steel Siding
- Concrete Block And Stucco Construction
- Stone Exterior Construction
Interior Spaces
- Multi-Level Property
- Open Floorplan
- Vaulted Ceiling
- Ceiling Fan
- Fire and Smoke Detector
- Washer and Dryer Hookup
Kitchen
- Range
- Microwave
- Dishwasher
- Kitchen Island
Bedrooms and Bathrooms
- 4 Bedrooms
- Walk-In Closet
- Bathroom on Main Level
Finished Basement
- Walk-Out Basement
- Sump Pump
- Block Basement Construction
- Natural lighting in basement
Parking
- 3 Car Attached Garage
- Garage Door Opener
- Driveway
Utilities
- Forced Air Heating and Cooling System
- Gas Water Heater
Additional Features
- Air Exchanger
- Deck
Community Details
- Property is near a ravine
Listing and Financial Details
- Assessor Parcel Number R14.05.26.303.015
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 28, 2016
Closed on
Apr 28, 2017
Sold by
Rome Reichel Construction Inc
Bought by
Stehr Troy and Stehr Heather
Seller's Agent
Richard Draheim
WEICHERT REALTORS, COMMUNITY GROUP
Buyer's Agent
Angie VanEman Lynch
AMERICAN WAY REALTY
List Price
$299,000
Sold Price
$299,000
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
$137,598
Avg. Annual Appreciation
4.55%
Original Mortgage
$284,050
Outstanding Balance
$237,507
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$199,091
Purchase Details
Listed on
Apr 8, 2016
Closed on
Apr 18, 2016
Sold by
Mesenbrink Construction & Engineering
Bought by
Rome Reichel Construction Inc
Seller's Agent
Dennis Terrell
RE/MAX DYNAMIC AGENTS
Buyer's Agent
Dennis Terrell
RE/MAX DYNAMIC AGENTS
List Price
$30,800
Sold Price
$30,800
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
808.59%
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 |
|---|---|---|---|
| Stehr Troy | $299,000 | Stewart Title | |
| Rome Reichel Construction Inc | $30,800 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Stehr Troy | $284,050 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/28/2017 04/28/17 | Sold | $299,000 | 0.0% | $110 / Sq Ft | |
| 03/15/2017 03/15/17 | Pending | -- | -- | -- | |
| 11/28/2016 11/28/16 | For Sale | $299,000 | +870.8% | $110 / Sq Ft | |
| 04/18/2016 04/18/16 | Sold | $30,800 | 0.0% | $11 / Sq Ft | View Prior Sale |
| 04/08/2016 04/08/16 | Pending | -- | -- | -- | |
| 04/08/2016 04/08/16 | For Sale | $30,800 | -- | $11 / 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 | $5,310 | $462,400 | $32,700 | $429,700 |
| 2024 | $5,310 | $397,100 | $32,600 | $364,500 |
| 2023 | $4,724 | $370,200 | $32,600 | $337,600 |
| 2022 | $4,006 | $327,600 | $32,600 | $295,000 |
| 2021 | $3,870 | $274,200 | $32,600 | $241,600 |
| 2020 | $3,396 | $255,400 | $32,600 | $222,800 |
| 2019 | $3,154 | $255,400 | $32,600 | $222,800 |
| 2018 | $3,022 | $236,800 | $30,400 | $206,400 |
| 2017 | $362 | $233,900 | $30,400 | $203,500 |
| 2016 | $352 | $27,400 | $27,400 | $0 |
| 2015 | $3 | $27,400 | $27,400 | $0 |
| 2014 | $344 | $82,200 | $82,200 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Richard Draheim
-
Angie VanEman Lynch
Buyer's Agent in 2017
Angie VanEman Lynch
AMERICAN WAY REALTY
(507) 381-8961
219 Total Sales
-
Dennis Terrell
Seller's Agent in 2016
Dennis Terrell
RE/MAX
(507) 340-4562
166 Total Sales
Map
Source: REALTOR® Association of Southern Minnesota
MLS Number: 7013324
APN: R14-05-26-303-015
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