401 Walnut Ave Madison Lake, MN 56063
Estimated payment $1,872/month
Highlights
- Deeded Waterfront Access Rights
- Docks
- Eat-In Kitchen
- Eagle Lake Elementary School Rated A-
- Balcony
- Walk-In Closet
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!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $3,164
Year Built
- Built in 1986
HOA Fees
- $300 Monthly HOA Fees
Home Design
- Frame Construction
- Asphalt Shingled Roof
- Vinyl Siding
Interior Spaces
- 1,274 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Gas Fireplace
- Combination Kitchen and Dining Room
Kitchen
- Eat-In Kitchen
- Breakfast Bar
- Range
- Microwave
- Dishwasher
- Kitchen Island
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- Walk-In Closet
- Bathroom on Main Level
Laundry
- Dryer
- Washer
Basement
- Basement Fills Entire Space Under The House
- Block Basement Construction
Parking
- 2 Car Garage
- Tuck Under Garage
Outdoor Features
- Deeded Waterfront Access Rights
- Beach Access
- Docks
- Balcony
Utilities
- Forced Air Heating and Cooling System
- Water Softener Leased
Community Details
- Association fees include exterior maintenance, landscaping, parking, snow removal, water
- Low-Rise Condominium
Listing and Financial Details
- Assessor Parcel Number R140534430003
Map
Home Values in the Area
Average Home Value in this Area
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 | $3,318 | $252,800 | $19,300 | $233,500 |
| 2024 | $3,318 | $218,900 | $19,300 | $199,600 |
| 2023 | $3,024 | $207,500 | $19,300 | $188,200 |
| 2022 | $2,532 | $183,700 | $19,300 | $164,400 |
| 2021 | $2,428 | $155,600 | $19,300 | $136,300 |
| 2020 | $2,174 | $143,900 | $19,300 | $124,600 |
| 2019 | $1,986 | $143,900 | $19,300 | $124,600 |
| 2018 | $1,932 | $129,000 | $13,300 | $115,700 |
| 2017 | $1,758 | $129,000 | $13,300 | $115,700 |
| 2016 | $1,534 | $120,000 | $13,300 | $106,700 |
| 2015 | $14 | $117,700 | $13,300 | $104,400 |
| 2014 | $1,338 | $322,800 | $39,900 | $282,900 |
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 |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $115,000 | -- | |
| Warranty Deed | $159,000 | -- |
Source: REALTOR® Association of Southern Minnesota
MLS Number: 7038857
APN: R14-05-34-430-001
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