NOT LISTED FOR SALE

58 Balsam Ln Madison Lake, MN 56063

Estimated Value: $429,000 - $488,000

3 Beds
2 Baths
1,562 Sq Ft
$293/Sq Ft Est. Value

Last Sold April 06, 2018

Last sale price $310,000 $198 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $2,879/month

Highlights

  • New Construction
  • Open Floorplan
  • Wood Flooring
  • Eagle Lake Elementary School Rated A-
  • Ranch Style House
  • 3 Car Attached Garage

About This Home

As of April 2018

Coveted ranch/rambler just minutes from Mankato Hilltop. Zero-entry walk-in from over-sized 3-stall garage to laundry/mud room. Choose your own appliances for the open-concept kitchen and dining area with granite counter-tops. Stunning hardwood flooring seamlessly transitions into generous living room overlooking backyard pond. Three bedrooms on main level including master suite. Lower level is partially finished with 2 additional bedrooms, 3rd bathroom and family room that may be completed by builder at additional cost. Madison Lake is a golf-car friendly community surrounded by multiple lakes and quick access to state trails.

Last Agent to Sell the Property

Tana Stoufer

TRUE REAL ESTATE Listed on: 07/10/2017

TRUE REAL ESTATE

Co-Listed By

David Stoufer

TRUE REAL ESTATE

Last Buyer's Agent

ARIN MEYER

JBEAL REAL ESTATE GROUP

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,634

Year Built

  • 2017

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 84x109x149x149
  • Landscaped
  • Irregular Lot

Home Design

  • Ranch Style House
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 1,562 Sq Ft Home
  • Open Floorplan
  • Woodwork
  • Ceiling Fan
  • Double Pane Windows
  • Dining Room
  • Eat-In Kitchen
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Bathroom Rough-In
  • Bathroom on Main Level

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

  • 3 Car Attached Garage
  • Garage Door Opener
  • Driveway

Eco-Friendly Details

  • Air Exchanger

Utilities

  • Forced Air Heating and Cooling System
  • Underground Utilities
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number R14.05.26.303.020

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,634

Year Built

2017

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Classification: NonHomestead
  • Style: Ranch/Rambler (L)
  • Amenities: Ceiling Fans, Eat-In Kitchen, Garage Door Opener, Hardwood Floors, Natural Woodwork, Tiled Floors, Walk-In Closet, Washer/Dryer Hookups, Double Pane Windows (L), Smoke Alarms (L), CO Detectors (L)
  • Amenities Exterior: Driveway - Concrete
  • Estimated Number of Acres: 0.33
  • Construction: Completed New Construction
  • Foundation Size: 1562
  • L V T Date: 07/10/2017
  • Mechanicals: Air to Air Exchange, Water Heater-Gas, Sump Pump
  • Parcel Number: R14.05.26.303.020
  • Price Per Square Foot: 98
  • Sold Price Per Sq Ft: 99
  • Stories: 1 Story
  • Street Designation: Lane
  • Taxes With Assessments: 362
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Year Built: 2017

Interior Features

  • Dining Room: Eat-In Kitchen, Informal Dining Room, Open Floor Plan
  • Total Bedrooms: 3
  • Bathroom Description: 3/4 Master, Main Floor Full Bath, Rough In
  • Total Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 2
  • Room 1: Foyer, 9x4, On Level: Main
  • Room 2: Living Room, 18x23, On Level: Main
  • Room 3: Dining Room, 12x12, On Level: Main
  • Room 4: Kitchen, 11x11, On Level: Main
  • Room 5: Mud Room, 5x11, On Level: Main
  • Room 6: Master Bedroom, 15x12, On Level: Main
  • Room 7: 5x12, On Level: Main
  • Room 8: Bedroom, 12x12, On Level: Main
  • Room 9: Bedroom, 11x10, On Level: Main
  • Basement Features: Daylight/Lookout Windows, Egress Windows, Sump Pump
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 1562
  • Tot Above Grade Sq Ft: 1562
  • Total Fin Square Footage: 1562
  • Total Square Footage: 3124
  • Tot Below Grade Sq Ft: 1562

Exterior Features

  • Frontage Road: City, Paved
  • Construction Type: Frame/Wood
  • Exterior: Vinyl
  • Roof: Asphalt Shingles

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 3

Utilities

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

Schools

  • School District: Mankato #77
  • Mankato Schools: Mankato East

Lot Info

  • Estimated Lot Dimensions: 84x109x149x149
  • Lot/Land Description: Irregular Lot, Landscaped, Paved Streets, Underground Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2017
Closed on
Apr 6, 2018
Sold by
Klug William J and Klug Lisa E
Bought by
Keup Kavin and Keup Michelle
Seller's Agent
Tana Stoufer
TRUE REAL ESTATE
Buyer's Agent
ARIN MEYER
JBEAL REAL ESTATE GROUP
List Price
$307,000
Sold Price
$310,000
Premium/Discount to List
$3,000
0.98%
Current Estimated Value
$458,111

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$148,111
Avg. Annual Appreciation
5.30%

Purchase Details

Closed on
May 12, 2017
Sold by
Mesenbrink Construction & Engineering
Bought by
Custom Building Components Inc
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
Keup Kavin $310,000 Stewart Title
Custom Building Components Inc $29,261 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/06/2018 04/06/18 Sold $310,000 +1.0% $198 / Sq Ft
02/18/2018 02/18/18 Pending -- -- --
07/10/2017 07/10/17 For Sale $307,000 -- $197 / 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 $5,634 $499,400 $34,500 $464,900
2024 $5,634 $419,100 $38,500 $380,600
2023 $5,046 $393,100 $34,600 $358,500
2022 $4,326 $347,800 $34,600 $313,200
2021 $4,142 $293,700 $34,600 $259,100
2020 $3,540 $265,000 $34,600 $230,400
2019 $3,176 $265,000 $34,600 $230,400
2018 $374 $238,400 $32,300 $206,100
2017 $362 $27,500 $27,500 $0
2016 $354 $27,500 $27,500 $0
2015 $4 $27,500 $27,500 $0
2014 $364 $82,500 $82,500 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7015185

REALTOR® Association of Southern Minnesota

APN: R14-05-26-303-020