NOT LISTED FOR SALE

59996 224th Ln Madison Lake, MN 56063

Estimated Value: $419,000 - $524,000

4 Beds
2 Baths
2,318 Sq Ft
$200/Sq Ft Est. Value

Last Sold December 28, 2016

Last sale price $253,500 $109 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $2,767/month

Highlights

  • Deck
  • Pole Barn
  • Formal Dining Room
  • Eagle Lake Elementary School Rated A-
  • Whirlpool Bathtub
  • 4 Car Detached Garage

About This Home

As of December 2016

6 acre hobby farm between Eagle Lake and Madison Lake. 4 bedroom, 2 bath home, moved on to the site about 50 years ago. Main floor laundry, full bath and master bedroom. Remodeled kitchen. Vinyl siding. 4 season porch. Formal dining leading into living room. 3 upstairs bedrooms, along with full bath and extra storage room upstairs. Updated roof (2008) and updated furnace & central air. 45 x 42 steel building with 14' overhead door (insulated walls). Converted dairy barn with added storage (8,723 sq. ft.). Submensible well. Price includes seller installed septic system.

Last Agent to Sell the Property

Jeff Kaul

CENTURY 21 ATWOOD License #003236510 Listed on: 11/01/2016

CENTURY 21 ATWOOD

Last Buyer's Agent

Rebecca Thate

Re/Max Advantage Plus Mankato License #20422215

Re/Max Advantage Plus Mankato

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,926

Year Built

  • 1900

Lot Details

  • 6 Acre Lot
  • Property fronts a county road
  • Landscaped
  • Many Trees

Home Design

  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 2,318 Sq Ft Home
  • 2-Story Property
  • Central Vacuum
  • Woodwork
  • Ceiling Fan
  • Double Pane Windows
  • Window Treatments
  • Formal Dining Room

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Bathroom on Main Level
  • 2 Full Bathrooms
  • Whirlpool Bathtub

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Partial Basement
  • Sump Pump
  • Block Basement Construction

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 4 Car Detached Garage
  • Garage Door Opener
  • Gravel Driveway

Outdoor Features

  • Deck
  • Pole Barn
  • Storage Shed
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Powered By Owned Propane
  • Private Water Source
  • Electric Water Heater
  • Water Softener is Owned
  • Fuel Tank
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number R39-10-06-100-005

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,926

Year Built

1900

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Classification: Homestead
  • Style: SF Single Family
  • Amenities: Ceiling Fans, Eat-In Kitchen, Garage Door Opener, Natural Woodwork, Washer/Dryer Hookups, Combination Windows (L), Double Pane Windows (L), Smoke Alarms (L), CO Detectors (L), Window Coverings (L)
  • Amenities Exterior: Deck, Driveway - Gravel, Porch
  • Estimated Number of Acres: 6
  • Construction: Previously Owned
  • L V T Date: 11/01/2016
  • Mechanicals: Central Vacuum, Fuel Tank-Owned, Water Heater-Electric, Water Softener-Owned, Sump Pump
  • Parcel Number: R39-10-06-100-005
  • Range: 25
  • Remodeled Addition: Yes
  • Section: 6
  • Stories: 2 Story
  • Street Designation: Lane
  • Twp Number: 108
  • Percentage Of Ownership: 100
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1900

Interior Features

  • Dining Room: Eat-In Kitchen, Formal Dining Room
  • Appliances: Dishwasher, Dryer, Microwave, Range/Stove, Refrigerator, Washer
  • Total Bedrooms: 4
  • Bathroom Description: Main Floor Full Bath, Upper Level Bath, Whirlpool
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Room 1: Kitchen, 15.1x13.4, On Level: Main
  • Room 2: Dining Room, 12x10, On Level: Main
  • Room 3: Living Room, 14x12.7, On Level: Main
  • Room 4: 4 Season Porch, 21.4x11.5, On Level: Main
  • Room 5: Master Bedroom, 16.8x12.9, On Level: Main
  • Room 6: Bathroom, 16x13, On Level: Main
  • Room 7: 13.5x9.9, On Level: Upper
  • Room 8: Bedroom, 13.5x9.5, On Level: Upper
  • Room 9: Bedroom, 13.3x13.1, On Level: Upper
  • Room 10: Storage Room, 10.10x10, On Level: Upper
  • Basement Features: Unfinished
  • Basement Material: Concrete Block
  • Basement Style: Partial
  • Finished Above Grade Sq Ft: 2318
  • Tot Above Grade Sq Ft: 2318
  • Total Fin Square Footage: 2318
  • Total Square Footage: 3179
  • Tot Below Grade Sq Ft: 861

Exterior Features

  • Frontage Road: County
  • Construction Type: Frame/Wood
  • Exterior: Vinyl
  • Out Buildings: Pole Building, Storage Shed
  • Roof: Asphalt Shingles

Garage/Parking

  • Garage Type: Detached
  • Garage Capacity: 4
  • Garage Square Footage: 1890

Utilities

  • Cooling: Central
  • Fuel: Propane - Tank Owned
  • Heat: Forced Air
  • Sewer: Private
  • Water: Private

Schools

  • Mankato Schools: Mankato East, Eagle Lake Elementary, Prairie Winds Middle

Lot Info

  • Estimated Lot Dimensions: 400+ x 600+
  • Lot/Land Description: Landscaped, Tree Coverage - Heavy

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2016
Closed on
Dec 28, 2016
Sold by
Peters Michael H and Peters Judith L
Bought by
Determan Erik M and Determan Kellie J
Seller's Agent
Jeff Kaul
CENTURY 21 ATWOOD
Buyer's Agent
Rebecca Thate
Re/Max Advantage Plus Mankato
List Price
$239,900
Sold Price
$253,500
Premium/Discount to List
$13,600
5.67%
Current Estimated Value
$463,988

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$210,488
Avg. Annual Appreciation
7.08%
Original Mortgage
$240,825
Outstanding Balance
$197,434
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$266,554
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 Buyer Sale Price Title Company
Determan Erik M $253,500 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Determan Erik M $240,825
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/28/2016 12/28/16 Sold $253,500 +5.7% $109 / Sq Ft
11/06/2016 11/06/16 Pending -- -- --
11/01/2016 11/01/16 For Sale $239,900 -- $103 / 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 $3,926 $443,000 $92,500 $350,500
2024 $3,926 $449,200 $92,500 $356,700
2023 $3,536 $416,900 $92,500 $324,400
2022 $3,288 $404,800 $92,500 $312,300
2021 $2,300 $330,300 $92,500 $237,800
2020 $2,288 $233,300 $75,000 $158,300
2019 $2,184 $233,300 $75,000 $158,300
2018 $2,046 $221,400 $75,000 $146,400
2017 $1,446 $213,800 $75,000 $138,800
2016 $1,260 $165,600 $75,000 $90,600
2015 $12 $148,400 $62,500 $85,900
2014 $1,412 $148,400 $62,500 $85,900
Source: Public Records

Agents Affiliated with this Home

  • Jeff Kaul

    Seller's Agent in 2016

    Jeff Kaul

    CENTURY 21 ATWOOD

    (507) 381-1133

    370 Total Sales

    Jeff Kaul
    Section Image
  • Rebecca Thate

    Buyer's Agent in 2016

    Rebecca Thate

    RE/MAX

    (507) 553-6442

    263 Total Sales

    Rebecca Thate
    Section Image
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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7013179

REALTOR® Association of Southern Minnesota

APN: R39-10-06-100-005

Minnesota Blue Earth County Madison Lake 56063

59996 224th Ln, Madison Lake, MN

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