$329,900
SOLD JUN 20, 2025

50 50 Balsam Ln Madison Lake, MN 56063

2 Beds
2 Baths
1,464 Sq Ft
0.31 Acres

Recently Sold

$225 Per Sq Ft

5% Below List Price

22 Days on Market

Highlights

  • Greenhouse
  • Open Floorplan
  • Vaulted Ceiling
  • Eagle Lake Elementary School Rated A-
  • Deck
  • Whirlpool Bathtub

About This Home

As of June 2025

Distinctive and full of character, this home provides convenient one-level living with a full unfinished basement awaiting your personal touch. Wide hallways offer full mobility access, while zero-entry from the front door through to the garage ensures ease of movement throughout. The unique floor plan features two large connected bedrooms (divided primary) sharing a luxurious full bathroom with two separate vanities, a jetted tub, and a custom-tiled oversized shower with a wide seat. Primary bedroom shares entrance with second bedroom while paneled double doors gives privacy. The open-concept main living area showcases the ravine lot through large windows and a double patio door. This home offers both privacy and natural light in all the right places. The kitchen, dining, and living spaces are centered around a dramatic 22-foot kitchen wall. A weight-bearing loft space above offers creative potential—ready to be built out and accessed via a narrow staircase or ladder. Behind the drywall on the side wall, a header is already in place should the next owner wish to add a second deck. Step out onto the refinished 20x20 deck to enjoy views of migrating birds by day and fireworks by night. The deck has been reinforced and is suitable for a future enclosed patio. The backyard offers wooded privacy with a small city-owned pond to the side. A lawn sprinkler system is installed, and a wheelchair-accessible ramp leads to the lovingly cared-for yard. A charming greenhouse provides added flexibility for hobbies or storage. Located just 50 yards from a playground and 0.5 miles from the Sakatah Trail. Call for a showing today of this special home.

Last Agent to Sell the Property

Timothy Woolery

REAL BROKER, LLC License #40633850 Listed on: 04/29/2025

REAL BROKER, LLC

Last Buyer's Agent

Anthony White

JBEAL REAL ESTATE GROUP

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,182

Year Built

  • Built in 2010

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 83x145x94
  • Sprinkler System
  • Landscaped with Trees

Home Design

  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 1,464 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Wired For Data
  • Woodwork
  • Vaulted Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Window Treatments
  • Tile Flooring

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Range
  • Recirculated Exhaust Fan
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk Through Bedroom
  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom
  • Bathroom on Main Level
  • Whirlpool Bathtub
  • Bathtub With Separate Shower Stall

Laundry

  • Dryer
  • Washer

Unfinished Basement

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

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Accessible Home Design

  • Grab Bar In Bathroom
  • Wheelchair Access
  • Wheelchair Ramps
  • Stepless Entry

Outdoor Features

  • Deck
  • Greenhouse

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater
  • Water Softener is Owned
  • High Speed Internet

Community Details

  • Property is near a ravine

Listing and Financial Details

  • Assessor Parcel Number R14.05.26.303.018

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,182

Year Built

Built in 2010

Lot Details

0

Listing Details

  • Type: Single Family
  • Class: SINGLE FAMILY
  • Classification: Homestead
  • Style: SF Single Family
  • Ada Features: Partially Wheelchair, Wheelchair Ramp, No Stairs External, Doors 36" plus, Halls 42" Plus, Grab Bars in Bathroom
  • Amenities: Broadband Available, Ceiling Fans, Eat-In Kitchen, Ethernet Wired, Garage Door Opener, Kitchen Center Island, Natural Woodwork, Tiled Floors, Vaulted Ceilings, Walk-In Closet, Washer/Dryer Hookups, Double Pane Windows (L), Smoke Alarms (L), CO Detectors (L), Window Coverings (L)
  • Amenities Exterior: Deck, Driveway - Concrete, Inground Sprinkler System, Irrigation System, Watering System
  • Estimated Number of Acres: 0.31
  • Assessment Balance: 20
  • Assessments: Yes
  • Construction: Previously Owned
  • Foundation Size: 1464
  • L V T Date: 04/29/2025
  • Mechanicals: Water Heater-Gas, Water Softener-Owned, Sump Pump
  • Parcel Number: R14.05.26.303.018
  • Price Per Square Foot: 113
  • Projected Closed Date: 06/20/2025
  • Sold Price Per Sq Ft: 113
  • Stories: 1 Story
  • Street Designation: Lane
  • Taxes With Assessments: 4202
  • Percentage Of Ownership: 100
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room: Combine with Kitchen, Combine with Living Room, Eat-In Kitchen, Open Floor Plan
  • Appliances: Dishwasher, Dryer, Exhaust Fan/Hood, Range/Stove, Refrigerator, Wall Oven, Washer
  • Total Bedrooms: 2
  • Bathroom Description: Full Primary, Grab Bars, Main Floor 3/4 Bath, Primary Walk-Thru, Separate Tub & Shower, Walk Thru, Whirlpool
  • Total Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 2
  • Room 1: Living Room, 13'1x12, On Level: Main
  • Room 2: Dining Room, 8'8x11, On Level: Main
  • Room 3: Kitchen, 18'1x8, On Level: Main
  • Room 4: Bedroom, 15'4x16, On Level: Main
  • Room 5: Bedroom, 14'6x15, On Level: Main
  • Room 6: Den/Office, 8'10x10, On Level: Main
  • Basement Features: Egress Windows, Sump Pump, Unfinished
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 1464
  • Tot Above Grade Sq Ft: 1464
  • Total Fin Square Footage: 1464
  • Total Square Footage: 2928
  • Tot Below Grade Sq Ft: 1464

Exterior Features

  • Frontage Road: City, Curb/Gutters, Paved
  • Construction Type: Frame/Wood
  • Exterior: Vinyl
  • Out Buildings: Greenhouse
  • Roof: Asphalt Shingles

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 2
  • Garage Square Footage: 672

Utilities

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

Schools

  • School District: Mankato #77
  • Mankato Schools: Mankato East, Eagle Lake Elementary, Prairie Winds Middle

Lot Info

  • Estimated Lot Dimensions: 83x145x94
  • Lot/Land Description: Landscaped, Ravine, Tree Coverage - Medium, Paved Streets

Building Info

  • Year Built: 2010

Tax Info

  • Year: 2024
  • Tax Value: 4182

MLS Schools

  • School District: Mankato #77

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2025
Closed on
Jun 20, 2025
Sold by
Nichols Mary B and Nichols Brian
Bought by
Thomsen Thomas Nathan and Lyons Jessica Gail
Seller's Agent
Timothy Woolery
REAL BROKER, LLC
Buyer's Agent
Anthony White
JBEAL REAL ESTATE GROUP
List Price
$348,500
Sold Price
$329,900
Premium/Discount to List
-$18,600
-5.34%
Views
52

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.10%
Original Mortgage
$323,924
Outstanding Balance
$323,648
Interest Rate
6.81%
Mortgage Type
FHA
Estimated Equity
$14,336

Purchase Details

Closed on
Sep 30, 2009
Sold by
Mesenbrink Construction & Engineering In
Bought by
Nichols Mary B
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $329,900 Stewart Title Company
Warranty Deed $30,800 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $323,924 FHA
Previous Owner $152,000 New Conventional
Previous Owner $146,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2025 06/20/25 Sold $329,900 0.0% $225 / Sq Ft
05/21/2025 05/21/25 Pending -- -- --
05/12/2025 05/12/25 Price Changed $329,900 -5.3% $225 / Sq Ft
04/29/2025 04/29/25 For Sale $348,500 -- $238 / 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 $4,374 $378,200 $34,900 $343,300
2024 $4,374 $333,700 $34,800 $298,900
2023 $3,948 $313,700 $34,800 $278,900
2022 $3,360 $278,500 $34,800 $243,700
2021 $3,250 $234,700 $34,800 $199,900
2020 $2,838 $219,300 $219,300 $0
2019 $2,604 $219,300 $219,300 $0
2018 $2,530 $201,800 $201,800 $0
2017 $2,254 $201,800 $201,800 $0
2016 $2,150 $188,700 $188,700 $0
2015 $19 $185,400 $185,400 $0
2014 $1,972 $172,000 $172,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7037314

REALTOR® Association of Southern Minnesota

APN: R14-05-26-303-018