Seller's Agent in 2020
Richard Draheim
WEICHERT REALTORS, COMMUNITY GROUP
(507) 345-1111
181 Total Sales
42 Balsam Ln Madison Lake, MN 56063
Estimated Value: $420,000 - $506,318
4
Beds
3
Baths
3,128
Sq Ft
$146/Sq Ft
Est. Value
Highlights
- 3 Car Attached Garage
- Water Softener is Owned
- Gas Fireplace
- Eagle Lake Elementary School Rated A-
- Forced Air Heating System
About This Home
As of July 2020Quality craftsmanship and attention to detail are obvious in this 4-bedroom, 3-bath home in the Pines Third Addition. An open floor plan with vaulted ceilings and over sized Anderson windows looking out to a private backyard make this home easy to love! 6-panel solid wood doors, large walk-in closets, and tasteful décor throughout. Whole home audio, recessed lighting, Wi-Fi remote thermostat and hardwood flooring on both levels. Professionally applied epoxy flooring in the attached 3-car HEATED garage. Madison Lake is a golf car friendly community, enjoys quick access to state trails and has the added distinction of being surrounded by several accessible recreational lakes. Move right in!
Last Agent to Sell the Property
WEICHERT REALTORS, COMMUNITY GROUP Listed on: 02/17/2020
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,174
Year Built
- 2012
Lot Details
- 0.26 Acre Lot
- Lot Dimensions are 83x124x102x124
Parking
- 3 Car Attached Garage
Home Design
- Bi-Level Home
- Brick Exterior Construction
- Frame Construction
- Metal Siding
- Concrete Block And Stucco Construction
Interior Spaces
- Gas Fireplace
Bedrooms and Bathrooms
- 4 Bedrooms
Basement
- Walk-Out Basement
- Block Basement Construction
Eco-Friendly Details
- Air Exchanger
Utilities
- Forced Air Heating System
- Gas Water Heater
- Water Softener is Owned
Listing and Financial Details
- Assessor Parcel Number R14.05.26.303.016
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 17, 2020
Closed on
Jul 10, 2020
Sold by
Felty Cindy Jo
Bought by
Tiegs Brian and Tiegs Markeita
Seller's Agent
Richard Draheim
WEICHERT REALTORS, COMMUNITY GROUP
Buyer's Agent
Judy Meyer
WEICHERT REALTORS, COMMUNITY GROUP
List Price
$328,000
Sold Price
$315,000
Premium/Discount to List
-$13,000
-3.96%
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
$143,080
Avg. Annual Appreciation
7.34%
Original Mortgage
$180,000
Outstanding Balance
$159,908
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$298,172
Purchase Details
Listed on
Mar 28, 2016
Closed on
Jul 7, 2016
Sold by
Tiemann Frank R and Tiemann Sharon M
Bought by
Felty Cindy L
Seller's Agent
Christa Wolner
Connect Real Estate Group
Buyer's Agent
Amy Klammer
TRUE REAL ESTATE
List Price
$314,900
Sold Price
$305,000
Premium/Discount to List
-$9,900
-3.14%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.81%
Original Mortgage
$244,000
Interest Rate
3.64%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 27, 2012
Sold by
Rome Reichel Construction Inc
Bought by
Tieman Frank R and Tieman Sharon M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
3.52%
Mortgage Type
Unknown
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 |
|---|---|---|---|
| Tiegs Brian | $315,000 | Title Resources Llc | |
| Felty Cindy L | $305,000 | -- | |
| Tieman Frank R | $270,251 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Tiegs Brian | $180,000 | |
| Previous Owner | Felty Cindy L | $244,000 | |
| Previous Owner | Tieman Frank R | $195,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/13/2020 07/13/20 | Sold | $315,000 | -2.5% | $101 / Sq Ft | |
| 06/11/2020 06/11/20 | Pending | -- | -- | -- | |
| 05/26/2020 05/26/20 | Price Changed | $323,000 | -1.5% | $103 / Sq Ft | |
| 02/17/2020 02/17/20 | For Sale | $328,000 | +7.5% | $105 / Sq Ft | |
| 07/07/2016 07/07/16 | Sold | $305,000 | -3.1% | $98 / Sq Ft | View Prior Sale |
| 05/03/2016 05/03/16 | Pending | -- | -- | -- | |
| 03/28/2016 03/28/16 | For Sale | $314,900 | +949.7% | $101 / Sq Ft | |
| 04/11/2012 04/11/12 | Sold | $30,000 | -2.6% | $10 / Sq Ft | View Prior Sale |
| 04/06/2012 04/06/12 | Pending | -- | -- | -- | |
| 06/27/2008 06/27/08 | For Sale | $30,800 | -- | $10 / 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 | $6,174 | $531,200 | $31,400 | $499,800 |
| 2024 | $6,174 | $455,700 | $31,500 | $424,200 |
| 2023 | $5,444 | $422,300 | $31,500 | $390,800 |
| 2022 | $4,764 | $373,000 | $31,500 | $341,500 |
| 2021 | $4,558 | $320,500 | $31,500 | $289,000 |
| 2020 | $3,998 | $295,500 | $31,500 | $264,000 |
| 2019 | $3,590 | $295,500 | $31,500 | $264,000 |
| 2018 | $3,488 | $265,700 | $29,400 | $236,300 |
| 2017 | $3,110 | $265,700 | $29,400 | $236,300 |
| 2016 | $2,968 | $247,300 | $29,400 | $217,900 |
| 2015 | $27 | $242,700 | $29,400 | $213,300 |
| 2014 | $332 | $224,000 | $29,400 | $194,600 |
Source: Public Records
Agents Affiliated with this Home
-
Richard Draheim
-
Judy Meyer
Buyer's Agent in 2020
Judy Meyer
WEICHERT REALTORS, COMMUNITY GROUP
(507) 380-2804
18 Total Sales
-
Christa Wolner
Seller's Agent in 2016
Christa Wolner
Connect Real Estate Group
(507) 327-6300
84 Total Sales
-
Amy Klammer
Buyer's Agent in 2016
Amy Klammer
TRUE REAL ESTATE
(507) 995-5249
52 Total Sales
-
Dennis Terrell
Seller's Agent in 2012
Dennis Terrell
RE/MAX
(507) 340-4562
166 Total Sales
Map
Source: REALTOR® Association of Southern Minnesota
MLS Number: 7023222
APN: R14-05-26-303-016
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