NOT LISTED FOR SALE

46 Balsam Ln Madison Lake, MN 56063

Estimated Value: $399,000 - $430,000

0.28 Acre
$1,500,096 Price per Acre
12,197 Sq Ft Lot

Last Sold March 17, 2021

Last sale price $30,500

Est. 1,277% increase in value since last sale

Current estimated payment $2,665/month

About This Lot

As of March 2021

The Buyers are required to use Rome Reichel Construction as their builder. If you are looking for a very quiet peaceful building site, look no further! Large lots and near several lakes and the state trail, not to mention the very low lot prices that include all assessments. City lots in a country setting.

Last Agent to Sell the Property

Scott Borgmeier

BH Realty Group Waterville License #40663204 Listed on: 11/28/2019

Last Buyer's Agent

Sonja Zoet

REAL BROKER, LLC License #40571335

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,466

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 90 x 130

Listing and Financial Details

  • Assessor Parcel Number R14.05.26.303.017

Property Details

Property Type

Land

Est. Annual Taxes

$5,466

Lot Details

0

Listing Details

  • Class: Lot/Land
  • Sub Type: Residential
  • L V T Date: 11/29/2019
  • Parcel Number: R14.05.26.303.017
  • Street Designation: Lane
  • Estimated Number of Acres: 0.28
  • Builder Restrictions: Limited
  • Special Features: None
  • Property Sub Type: LotsLands

Lot Info

  • Estimated Lot Dimensions: 90 X 130

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 28, 2019
Closed on
Mar 17, 2021
Sold by
Rome Reichel Construction Inc
Bought by
Tarkey Patrick and Tarkey Shannon
Seller's Agent
Scott Borgmeier
BH Realty Group Waterville
Buyer's Agent
Sonja Zoet
REAL BROKER, LLC
List Price
$30,750
Sold Price
$30,500
Premium/Discount to List
-$250
-0.81%
Current Estimated Value
$420,027

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$389,527
Avg. Annual Appreciation
75.98%
Original Mortgage
$272,000
Outstanding Balance
$243,953
Interest Rate
2.73%
Mortgage Type
New Conventional
Estimated Equity
$176,074

Purchase Details

Listed on
Jun 20, 2019
Closed on
Jul 1, 2019
Sold by
Burton Bradley P and Burton Jodi L
Bought by
Rome Reichel Construction Inc
Seller's Agent
Cheryl Lustig
CENTURY 21 ATWOOD
Buyer's Agent
Cheryl Lustig
CENTURY 21 ATWOOD
List Price
$26,500
Sold Price
$26,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.57%

Purchase Details

Listed on
Dec 19, 2017
Closed on
Nov 2, 2018
Sold by
Borgmeier Scott and Borgmeier Caorralee J
Bought by
Burton Bradley P and Burton Jodi L
Seller's Agent
Richard Draheim
WEICHERT REALTORS, COMMUNITY GROUP
Buyer's Agent
Jackie Dawald
WEICHERT REALTORS, COMMUNITY GROUP
List Price
$42,500
Sold Price
$29,000
Premium/Discount to List
-$13,500
-31.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-12.95%

Purchase Details

Listed on
Dec 18, 2017
Closed on
Jan 9, 2018
Sold by
Mesenbrink Construction & Engi
Bought by
Borgmeier Scott
Seller's Agent
Dennis Terrell
RE/MAX DYNAMIC AGENTS
Buyer's Agent
Scott Borgmeier
BH Realty Group Waterville
List Price
$30,500
Sold Price
$30,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-6.11%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Tarkey Patrick $348,045 Minnesota River Valley Title
Rome Reichel Construction Inc $26,500 North American Title
Burton Bradley P $29,000 North American Title
Borgmeier Scott $30,500 Title Resources
Tarkey Patrick Patrick $348,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tarkey Patrick $272,000
Closed Tarkey Patrick Patrick $272,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/17/2021 03/17/21 Sold $30,500 -0.8% --
11/01/2020 11/01/20 Pending -- -- --
11/28/2019 11/28/19 For Sale $30,750 +16.0% --
07/01/2019 07/01/19 Sold $26,500 0.0% -- View Prior Sale
06/21/2019 06/21/19 Pending -- -- --
06/20/2019 06/20/19 For Sale $26,500 -8.6% --
11/04/2018 11/04/18 Sold $29,000 -3.3% -- View Prior Sale
10/20/2018 10/20/18 Pending -- -- --
08/24/2018 08/24/18 Price Changed $29,999 +11.1% --
07/24/2018 07/24/18 Price Changed $26,999 -9.7% --
06/01/2018 06/01/18 Price Changed $29,900 -3.5% --
05/07/2018 05/07/18 Price Changed $31,000 -2.8% --
04/25/2018 04/25/18 Price Changed $31,900 -13.6% --
02/10/2018 02/10/18 Price Changed $36,900 -7.6% --
02/10/2018 02/10/18 Price Changed $39,950 +0.1% --
02/10/2018 02/10/18 Price Changed $39,900 +1.0% --
02/09/2018 02/09/18 Price Changed $39,500 -7.1% --
12/19/2017 12/19/17 For Sale $42,500 -- --
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 $5,466 $465,600 $32,000 $433,600
2024 $5,466 $407,700 $32,000 $375,700
2023 $4,934 $385,400 $32,000 $353,400
2022 $1,878 $340,800 $32,000 $308,800
2021 $504 $144,100 $32,000 $112,100
2020 $486 $28,800 $28,800 $0
2019 $2,690 $28,800 $28,800 $0
2018 $366 $26,900 $26,900 $0
2017 $354 $26,900 $26,900 $0
2016 $346 $26,900 $26,900 $0
2015 $3 $26,900 $26,900 $0
2014 $338 $80,700 $80,700 $0
Source: Public Records

Agents Affiliated with this Home

  • Scott Borgmeier

    Seller's Agent in 2021

    Scott Borgmeier

    BH Realty Group Waterville

    (507) 257-2200

    181 Total Sales

    Scott Borgmeier
    Section Image
  • Sonja Zoet

    Buyer's Agent in 2021

    Sonja Zoet

    REAL BROKER, LLC

    (507) 351-5728

    236 Total Sales

    Sonja Zoet
    Section Image
  • Cheryl Lustig

    Seller's Agent in 2019

    Cheryl Lustig

    CENTURY 21 ATWOOD

    (507) 317-5389

    50 Total Sales

    Cheryl Lustig
    Section Image
  • Richard Draheim

    Seller's Agent in 2018

    Richard Draheim

    WEICHERT REALTORS, COMMUNITY GROUP

    (507) 345-1111

    181 Total Sales

    Richard Draheim
    Section Image
  • Jackie Dawald

    Buyer's Agent in 2018

    Jackie Dawald

    WEICHERT REALTORS, COMMUNITY GROUP

    (507) 995-0695

    21 Total Sales

    Jackie Dawald
    Section Image
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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7022843

REALTOR® Association of Southern Minnesota

APN: R14-05-26-303-017

Minnesota Blue Earth County Madison Lake 56063

46 Balsam Ln, Madison Lake, MN

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