$249,900

401 Walnut Ave Unit 201 Madison Lake, MN 56063

Estimated payment $1,873/month

Total Views 83
2 Beds
2.5 Baths
1,274 Sq Ft
$196 Price per Sq Ft

Highlights

  • Dock Facilities
  • Beach Access
  • Stainless Steel Appliances
  • Eagle Lake Elementary School Rated A-
  • Lake View
  • Porch

About This Home

Live the Lake Life! Own this well-maintained condo and begin enjoying Madison Lake. You’ll find 1274 square feet of living space encompassing the living room with a gas fireplace, kitchen w/breakfast bar, bright dining area, primary bedroom w/walk-in closet & ensuite bath, second bedroom, full guest bath, and laundry room. You’ll appreciate the adjacent secure storage area, spacious bedrooms, hardwood floors, and freshly painted spaces. An abundance of windows throughout and a private balcony allow you to enjoy the beautiful outdoor surroundings and view of the lake. This is the only unit of the 4 Bayview condos that has 2 dedicated stalls in the underground parking garage, and also includes a rental license. Your fun on the water is enhanced with 25 feet of deeded access on Madison Lake along with ownership of half of the dock. Discover small town living with a vacation vibe, live music at local restaurants, and the Sakatah bike trail passing through town. Don’t let this be the One That Got Away - arrange for your private tour today!

Listing Agent

Benjamin Gillard

RE/MAX Venture Listed on: 10/14/2025

RE/MAX Venture

Co-Listing Agent

Matt Gillard

RE/MAX Venture

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,989

Year Built

  • Built in 1986

HOA Fees

  • $300 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Common or Shared Parking

Interior Spaces

  • 1,274 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Combination Kitchen and Dining Room
  • Lake Views
  • Basement

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Beach Access
  • Dock Facilities
  • Porch

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • Association fees include maintenance structure, lawn care, ground maintenance, parking, sewer, snow removal
  • Bayview Condos Association, Phone Number (507) 317-3493
  • Low-Rise Condominium
  • Condominium 14 Bayview Condo Subdivision

Listing and Financial Details

  • Assessor Parcel Number R140534430003

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,989

Year Built

Built in 1986

Lot Details

0

HOA Fees

$300 per month

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Low Rise
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: City Water/Connected
  • Association Amenities: Dock, Lobby Entrance, Other
  • Fee Frequency: Monthly
  • Year Built: 1986
  • Above Grade Finished Sq Ft: 1274
  • Water Body Name: Madison Lake (07000200)
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Basement: None
  • Appliances: Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer, Water Softener Rented
  • Fireplace Features: Gas, Living Room
  • Living Area: 1274
  • Fireplace: Yes
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Kitchen, Laundry, Bedroom 1, Bedroom 2

Beds/Baths

  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Three Quarter Bathrooms: 1

Exterior Features

  • Roof: Asphalt
  • PatioPorchType: Porch
  • LakeChain: N

Garage/Parking

  • Parking Features: Shared Garage/Stall, Underground

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers
  • Fuel: Natural Gas
  • Power Company: Xcel Energy

Condo/Co-op/Association

  • HOA Fee Includes: Maintenance Structure, Lawn Care, Maintenance Grounds, Parking, Sewer, Snow Removal
  • Phone: 507-317-3493
  • Association Fee: 300
  • Association: Yes
  • Amenities Unit: Balcony,Ceiling Fan(s),Dock,Hardwood Floors,Kitchen Center Island,Primary Bedroom Walk-In Closet,Main Floor Primary Bedroom,Panoramic View

Association/Amenities

  • HOA Management Co: Bayview Condos

Schools

  • Junior High Dist: Mankato
  • SchoolDistrictPhone: 507-387-1868

Lot Info

  • Waterfront YN: No
  • PropertyAttachedYN: Yes
  • Lot Size: 0
  • Lot Size Sq Ft: 2395.8
  • Land Lease: No
  • Lot Features: Accessible Shoreline
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: R140534430003
  • Tax Annual Amount: 2989
  • TaxWithAssessments: 3164.0000

Multi Family

  • WaterfrontFeatures: Lake View

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $3,164 $252,800 $19,300 $233,500
2024 $3,014 $218,900 $19,300 $199,600
2023 $2,604 $207,500 $19,300 $188,200
2022 $2,070 $183,700 $19,300 $164,400
2021 $1,990 $155,600 $19,300 $136,300
2020 $1,730 $143,900 $19,300 $124,600
2019 $1,524 $143,900 $19,300 $124,600
2018 $1,484 $129,000 $13,300 $115,700
2017 $1,298 $129,000 $13,300 $115,700
2016 $1,232 $120,000 $13,300 $106,700
2015 $11 $117,700 $13,300 $104,400
2014 -- $107,600 $13,300 $94,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/14/2025 10/14/25 For Sale $249,900 -- $196 / Sq Ft
Source: NorthstarMLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $202,000 St Andrews Title
Warranty Deed $132,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $105,600 New Conventional
Source: Public Records

About the Listing Agent

Benjamin Gillard

RE/MAX Venture

(507) 853-1425

Section Image

Licensed since 2022, I strive to help my clients through the ever changing real estate market. Whether you are buying or selling, I always have your best interests in mind. Because I stay in tune with the local market, I can help provide insight about all aspects of our community. Prior to beginning my real estate career, I gained years of experience in the plumbing industry; this experience has given me knowledge and skills working with large and small projects in existing houses, as well as

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Source: NorthstarMLS

MLS Number: 6803399

NorthstarMLS

APN: R14-05-34-430-003