NOT LISTED FOR SALE

501 Sumac Rd Madison Lake, MN 56063

Estimated Value: $297,000 - $416,000

4 Beds
2 Baths
1,948 Sq Ft
$171/Sq Ft Est. Value

Last Sold August 12, 2019

Last sale price $218,000 $112 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $2,096/month

8 Days on Market

Highlights

  • RV Access or Parking
  • Open Floorplan
  • Vaulted Ceiling
  • Eagle Lake Elementary School Rated A-
  • Deck
  • Corner Lot

About This Home

As of August 2019

Available for immediate possession... Check out this very well-kept 4BR/2BA split-level home with excellent curb appeal located on a spacious fenced corner lot with beautiful mature trees! Inside ... you'll step into the large tiled entry with convenient laundry room located off the garage. Upstairs you'll find a nice-sized living room with appealing vault ceiling, open kitchen & dining area with breakfast bar & slider access to the large grilling deck. Two nice sized bedrooms & a full tiled bath complete the upper level tour. Downstairs you'll find 2 add'l bedrooms, the 2nd full bath & a generous family room well-lit with daylight windows. Updates & highlights include: Vinyl siding, newer roof sheeting & shingles, new landscaping & yard fencing, updated fixtures, newer H20 heater, double pane windows, spacious concrete drive with bonus parking pad next to the garage (perfect for your boat/camper). Located close to the beautiful Sakatah bike trail & several recreational lakes... don't let this great home pass you by!

Last Agent to Sell the Property

Angie Jenkins

REALTY EXECUTIVES ASSOCIATES Listed on: 06/13/2019

REALTY EXECUTIVES ASSOCIATES

Co-Listed By

Emily Swalve

REALTY EXECUTIVES ASSOCIATES

Last Buyer's Agent

Kellie Krumwiede

Connect Real Estate Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,374

Year Built

  • 1995

Lot Details

  • 10,019 Sq Ft Lot
  • Cul-De-Sac
  • Street terminates at a dead end
  • Partially Fenced Property
  • Corner Lot
  • Irregular Lot
  • Landscaped with Trees

Home Design

  • Bi-Level Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • Open Floorplan
  • Vaulted Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Window Treatments
  • Combination Kitchen and Dining Room
  • Tile Flooring

Kitchen

  • Breakfast Bar
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Drain
  • Block Basement Construction
  • Natural lighting in basement

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway
  • RV Access or Parking

Outdoor Features

  • Deck
  • Patio

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number R14.05.34.281.019

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,374

Year Built

1995

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Classification: Homestead
  • Style: SF Single Family
  • Amenities: Broadband Available, Ceiling Fans, Garage Door Opener, Tiled Floors, Vaulted Ceilings, Double Pane Windows (L), Smoke Alarms (L), CO Detectors (L), Window Coverings (L)
  • Amenities Exterior: Deck, Driveway - Concrete, Fenced Yard - Partial, Patio, RV Parking
  • Estimated Number of Acres: 0.23
  • Construction: Previously Owned
  • Foundation Size: 978
  • L V T Date: 06/14/2019
  • Mechanicals: Water Heater-Gas, Water Softener-Owned, Sump Pump, Circuit Breaker
  • Parcel Number: R14.05.34.281.019
  • Price Per Square Foot: 101
  • Sold Price Per Sq Ft: 105
  • Stories: Bi-Level Split
  • Taxes With Assessments: 2274
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1995

Interior Features

  • Dining Room: Breakfast Bar, Combine with Kitchen, Informal Dining Room, Open Floor Plan
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range/Stove, Refrigerator, Washer
  • Total Bedrooms: 4
  • Bathroom Description: Full Basement, Upper Level Bath
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Room 1: Foyer, On Level: Main
  • Room 2: Laundry Room, 8x6, On Level: Main
  • Room 3: Living Room, 15x15, On Level: Upper
  • Room 4: Kitchen, 10x10, On Level: Upper
  • Room 5: Dining Room, 10x10, On Level: Upper
  • Room 6: Bedroom, 13x11, On Level: Upper
  • Room 7: 11x11, On Level: Upper
  • Room 8: Bathroom, On Level: Upper
  • Room 9: Family Room, 25x13, On Level: Lower
  • Room 10: Bedroom, 13x12, On Level: Lower
  • Room 11: Bedroom, 13x9, On Level: Lower
  • Room 12: Bathroom, On Level: Lower
  • Room 13: Utility Room, On Level: Lower
  • Basement Features: Daylight/Lookout Windows, Drainage System, Finished, Sump Pump
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 1098
  • Below Grade Finished Sq Ft: 850
  • Tot Above Grade Sq Ft: 1098
  • Total Fin Square Footage: 1948
  • Total Square Footage: 2076
  • Tot Below Grade Sq Ft: 978

Exterior Features

  • Frontage Road: City, Dead End/No Outlet, Paved
  • Construction Type: Frame/Wood
  • Exterior: Vinyl
  • Roof: Asphalt Shingles

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 2
  • Garage Square Footage: 440

Utilities

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

Schools

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

Lot Info

  • Estimated Lot Dimensions: 9855sf
  • Lot/Land Description: Corner Lot, Cul De Sac, Irregular Lot, Landscaped, Tree Coverage - Medium, Paved Streets

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2019
Closed on
Aug 12, 2019
Sold by
Miller Robert D and Miller Renae A
Bought by
Johnson Cody and Johnson Jessica
Seller's Agent
Angie Jenkins
REALTY EXECUTIVES ASSOCIATES
Buyer's Agent
Kellie Krumwiede
Connect Real Estate Group
List Price
$210,000
Sold Price
$218,000
Premium/Discount to List
$8,000
3.81%
Current Estimated Value
$333,031

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$115,031
Avg. Annual Appreciation
6.31%
Original Mortgage
$8,000
Outstanding Balance
$7,052
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$308,253

Purchase Details

Listed on
Jan 9, 2014
Closed on
May 19, 2014
Sold by
Branstad John D and Branstad Shannon M
Bought by
Miller Robert D and Miller Renae A
Seller's Agent
Barry Cavalancia
REALTY EXECUTIVES ASSOCIATES
Buyer's Agent
Emily Swalve
REALTY EXECUTIVES ASSOCIATES
List Price
$166,000
Sold Price
$164,000
Premium/Discount to List
-$2,000
-1.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.58%
Original Mortgage
$155,800
Interest Rate
4.28%
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
Johnson Cody $218,000 Stewart Title
Miller Robert D $164,000 Dataquick Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson Jessica $8,000
Open Johnson Cody $214,051
Previous Owner Miller Robert D $155,800
Previous Owner Branstad John D $114,000
Previous Owner Branstad John D $122,997
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2019 08/12/19 Sold $218,000 +3.8% $112 / Sq Ft
06/21/2019 06/21/19 Pending -- -- --
06/13/2019 06/13/19 For Sale $210,000 +28.0% $108 / Sq Ft
05/19/2014 05/19/14 Sold $164,000 -1.2% $84 / Sq Ft
01/15/2014 01/15/14 Pending -- -- --
01/09/2014 01/09/14 For Sale $166,000 -- $85 / 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 $3,374 $277,800 $29,200 $248,600
2024 $3,374 $247,900 $29,100 $218,800
2023 $3,116 $235,300 $29,100 $206,200
2022 $2,732 $209,300 $29,100 $180,200
2021 $2,390 $180,000 $29,100 $150,900
2020 $2,094 $168,400 $29,100 $139,300
2019 $2,274 $168,400 $29,100 $139,300
2018 $2,210 $178,700 $38,800 $139,900
2017 $1,978 $178,700 $38,800 $139,900
2016 $1,890 $167,800 $38,800 $129,000
2015 $16 $165,100 $38,800 $126,300
2014 -- $147,900 $38,800 $109,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7021231

REALTOR® Association of Southern Minnesota

APN: R14-05-34-281-019