NOT LISTED FOR SALE

500 Point Ave Madison Lake, MN 56063

Estimated Value: $548,000 - $724,000

4 Beds
2 Baths
2,870 Sq Ft
$225/Sq Ft Est. Value

Sale Details

Date Sold: July 28, 2023

Last sale price $640,000 $223 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $4,017 / mo

16 Days on Market

Highlights

  • Sun or Florida Room
  • No HOA
  • Living Room
  • Eagle Lake Elementary School Rated A-
  • 2 Car Attached Garage
  • Forced Air Heating and Cooling System

About This Home

As of July 2023

Don't miss out on this inviting and spacious year-round 4 BR/2 BA lake home with nearly 70-feet of private, level and sandy beach. Notable features include: oversized 2-stall attached garage, large knotty pine 3-season porch, hardwood flooring, stainless steel appliances, lovely paved patio areas with landscaping on both front and rear of home and new roof in 2020. Gazebo on shore is equipped with electric and A/C. Madison Lake is a popular 1,446 acre recreational lake and is well-loved by anglers throughout the MN seasons. The city is a vibrant, golf-cart friendly community that offers multiple dining and entertainment options as well as quick access to the state trail. Call for your private showing today!

Last Agent to Sell the Property

Tana Stoufer

Realty Executives Associates Brokerage Email: tana@truerealestatemn.com Listed on: 06/13/2023

Realty Executives Associates

Last Buyer's Agent

Candee Deichman

Century 21 Atwood

Century 21 Atwood

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,188

Year Built

  • Built in 1966

Lot Details

  • 16,291 Sq Ft Lot
  • Lot Dimensions are 100x132x118x118

Parking

  • 2 Car Attached Garage

Home Design

  • Split Level Home
  • Metal Siding

Interior Spaces

  • Family Room
  • Living Room
  • Dining Room
  • Sun or Florida Room
  • Partial Basement

Bedrooms and Bathrooms

  • 4 Bedrooms

Utilities

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

Community Details

  • No Home Owners Association
  • Point Pleasant Subdivision

Listing and Financial Details

  • Assessor Parcel Number R140534452015

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,188

Year Built

Built in 1966

Lot Details

0.37 Acres

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1966
  • Above Grade Finished Sq Ft: 1810
  • Unit Levels: Three Level Split
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Attribution Contact: tana@truerealestatemn.com
  • Attribution Contact: tana@truerealestatemn.com
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Partial
  • Appliances: Gas Water Heater, Water Softener Owned
  • Living Area: 2870
  • Fireplace: No
  • Below Grade Finished Sq Ft: 1060
  • Basement YN: Yes
  • Dining Room Type: Sun Room, Kitchen, Dining Room, Living Room, Bedroom 1, Bedroom 2, Bedroom 3, Family Room, Bedroom 4
  • SqFtTotal: 3290.00

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 4
  • Three Quarter Bathrooms: 1

Garage/Parking

  • Parking Features: Attached Garage

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Mankato
  • SchoolDistrictPhone: 507-387-1868

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 100x132x118x118
  • Lot Size Sq Ft: 16291.44
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Yes
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone, Metal Siding

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: R140534452015
  • Tax Annual Amount: 6188
  • TaxWithAssessments: 6208.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2023
Closed on
Jul 28, 2023
Sold by
Storm Allyson and Storm Brian
Bought by
Hatanpa Aaron and Hatanpa Jessica
Seller's Agent
Tana Stoufer
Realty Executives Associates
Buyer's Agent
Candee Deichman
Century 21 Atwood
List Price
$669,900
Sold Price
$640,000
Premium/Discount to List
-$29,900
-4.46%
Views
109
Current Estimated Value
$645,067

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,067
Avg. Annual Appreciation
0.29%
Original Mortgage
$390,000
Outstanding Balance
$380,913
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$264,154

Purchase Details

Closed on
Jan 25, 2019
Sold by
Schaefer Darold and Schaefer Dawn M
Bought by
Storm Allyson M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$298,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 10, 2011
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Schaefer Darold and Schaefer Dawn M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
4.89%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Hatanpa Aaron $640,000 --
Storm Allyson M $380,000 Minnesota River Valley Title
Schaefer Darold $225,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hatanpa Aaron $390,000
Previous Owner Storm Allyson M $298,000
Previous Owner Schaefer Darold $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/28/2023 07/28/23 Sold $640,000 -4.5% $223 / Sq Ft
06/30/2023 06/30/23 Pending -- -- --
06/13/2023 06/13/23 For Sale $669,900 -- $233 / Sq Ft
Source: NorthstarMLS

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 $6,878 $600,900 $112,400 $488,500
2024 $6,878 $501,900 $112,000 $389,900
2023 $6,208 $485,300 $112,000 $373,300
2022 $5,574 $421,800 $112,000 $309,800
2021 $5,282 $370,000 $112,000 $258,000
2020 $4,746 $345,500 $112,000 $233,500
2019 $4,534 $345,500 $112,000 $233,500
2018 $4,404 $328,100 $112,000 $216,100
2017 $4,022 $328,100 $112,000 $216,100
2016 $3,862 $311,300 $112,000 $199,300
2015 $36 $307,100 $112,000 $195,100
2014 $3,844 $288,300 $112,000 $176,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6386384

NorthstarMLS

APN: R14-05-34-452-015

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