NOT LISTED FOR SALE

408 Walnut Ave Madison Lake, MN 56063

Estimated Value: $215,000 - $299,000

3 Beds
2 Baths
1,728 Sq Ft
$148/Sq Ft Est. Value

Last Sold September 14, 2012

Last sale price $125,000 $72 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $1,618/month

Highlights

  • Ranch Style House
  • Wood Flooring
  • 2 Car Detached Garage
  • Eagle Lake Elementary School Rated A-
  • Formal Dining Room
  • Double Pane Windows

About This Home

As of September 2012

This home is located at 408 Walnut Ave, Madison Lake, MN 56063 since 16 July 2012 and is currently estimated at $256,248, approximately $148 per square foot. This property was built in 1956. 408 Walnut Ave is a home located in Blue Earth County with nearby schools including Eagle Lake Elementary School, Prairie Winds Middle School, and Mankato East Senior High School.

Last Agent to Sell the Property

Richard Draheim

WEICHERT REALTORS, COMMUNITY GROUP Listed on: 07/16/2012

WEICHERT REALTORS, COMMUNITY GROUP

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,244

Year Built

  • 1956

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 102x142
  • Partially Fenced Property
  • Few Trees

Home Design

  • Ranch Style House
  • Frame Construction
  • Asphalt Shingled Roof
  • Steel Siding

Interior Spaces

  • Woodwork
  • Double Pane Windows
  • Family Room with Fireplace
  • Formal Dining Room
  • Wood Flooring
  • Walkup Attic
  • Fire and Smoke Detector
  • Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level

Laundry

  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Block Basement Construction
  • Basement Window Egress

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Driveway

Outdoor Features

  • Patio
  • Storage Shed

Utilities

  • Forced Air Heating and Cooling System
  • Water Softener Leased

Listing and Financial Details

  • Assessor Parcel Number R14.05.34.263.008

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,244

Year Built

1956

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Classification: Homestead
  • Style: Ranch/Rambler (L)
  • Amenities: Garage Door Opener, Hardwood Floors, Natural Woodwork, Walk-up Attic, Washer/Dryer Hookups, Double Pane Windows (L), Smoke Alarms (L)
  • Amenities Exterior: Driveway - Asphalt, Fenced Yard - Partial, Patio
  • Estimated Number of Acres: 0.33
  • Construction: Previously Owned
  • Foundation Size: 988
  • Mechanicals: Water Softener-Rented, Sump Pump
  • Parcel Number: R14.05.34.263.008
  • Stories: 1 Story
  • Street Designation: Avenue
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1956

Interior Features

  • Dining Room: Formal Dining Room
  • Fireplace: Yes
  • Fireplace Type: In Family Room
  • Appliances: Dryer, Range/Stove, Refrigerator, Washer
  • Total Bedrooms: 3
  • Bathroom Description: 3/4 Basement, Main Floor Full Bath
  • Total Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 2
  • Room 1: Living Room, 16x12, On Level: Main
  • Room 2: Dining Room, 12x7, On Level: Main
  • Room 3: Kitchen, 12x12, On Level: Main
  • Room 4: Master Bedroom, 13x11, On Level: Main
  • Room 5: Bedroom, 11x10, On Level: Main
  • Room 6: Bedroom, 12x11, On Level: Lower
  • Room 7: 17x16, On Level: Lower
  • Room 8: Den/Office, 9x7, On Level: Lower
  • Room 9: Bathroom, On Level: Main
  • Room 10: Bathroom, On Level: Lower
  • Room 11: Utility Room, 19x12, On Level: Lower
  • Basement Features: Egress Windows, Finished
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 988
  • Below Grade Finished Sq Ft: 740
  • Tot Above Grade Sq Ft: 988
  • Total Fin Square Footage: 1728
  • Total Square Footage: 1976
  • Tot Below Grade Sq Ft: 988

Exterior Features

  • Frontage Road: City, Curb/Gutters, Paved, Sidewalk
  • Construction Type: Frame/Wood
  • Exterior: Steel
  • Out Buildings: Storage Shed
  • Roof: Asphalt Shingles

Garage/Parking

  • Garage Type: Detached
  • Garage Capacity: 2

Utilities

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

Schools

  • Mankato Schools: Mankato East

Lot Info

  • Estimated Lot Dimensions: 102x142
  • Lot/Land Description: Tree Coverage - Light

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 9, 2021
Sold by
Mundt Brian J
Bought by
Metzler Alaina
Current Estimated Value
$256,248

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,192
Outstanding Balance
$137,791
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$118,457

Purchase Details

Closed on
Apr 16, 2021
Sold by
Born Rachel Marie
Bought by
Mundt Brian James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,192
Outstanding Balance
$137,791
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$118,457

Purchase Details

Listed on
Jul 16, 2012
Closed on
Sep 17, 2012
Sold by
Mundt Brian J
Bought by
Mundt Brian J and Born Rachel M
Seller's Agent
Richard Draheim
WEICHERT REALTORS, COMMUNITY GROUP
List Price
$129,900
Sold Price
$125,000
Premium/Discount to List
-$4,900
-3.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.62%
Original Mortgage
$127,551
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 16, 2012
Closed on
Sep 14, 2012
Sold by
True Jarod M and True Stacy L
Bought by
Mundt Brian J
Seller's Agent
Richard Draheim
WEICHERT REALTORS, COMMUNITY GROUP
List Price
$129,900
Sold Price
$125,000
Premium/Discount to List
-$4,900
-3.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,551
Interest Rate
3.56%
Mortgage Type
New Conventional
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
Metzler Alaina $155,000 Minnesota River Valley Title
Mundt Brian James -- None Available
Mundt Brian J -- None Available
Mundt Brian J $125,000 None Available
Metzler Alaina Alaina $155,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Metzler Alaina $152,192
Previous Owner Mundt Brian J $127,551
Closed Metzler Alaina Alaina $152,192
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/14/2012 09/14/12 Sold $125,000 -3.8% $72 / Sq Ft
07/28/2012 07/28/12 Pending -- -- --
07/16/2012 07/16/12 For Sale $129,900 -- $75 / 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 $3,244 $260,500 $30,300 $230,200
2024 $3,244 $224,800 $30,300 $194,500
2023 $2,770 $195,100 $30,000 $165,100
2022 $2,100 $174,200 $30,000 $144,200
2021 $2,006 $147,500 $30,000 $117,500
2020 $1,782 $136,400 $30,000 $106,400
2019 $1,672 $136,400 $30,000 $106,400
2018 $1,632 $127,900 $30,000 $97,900
2017 $1,468 $127,900 $30,000 $97,900
2016 $1,240 $120,300 $30,000 $90,300
2015 $11 $118,400 $30,000 $88,400
2014 $1,196 $110,000 $30,000 $80,000
Source: Public Records

Agents Affiliated with this Home

  • Richard Draheim

    Seller's Agent in 2012

    Richard Draheim

    WEICHERT REALTORS, COMMUNITY GROUP

    (507) 345-1111

    181 Total Sales

    Richard Draheim
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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 132049

REALTOR® Association of Southern Minnesota

APN: R14-05-34-263-008

Minnesota Blue Earth County Madison Lake 56063

408 Walnut Ave, Madison Lake, MN

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