NOT LISTED FOR SALE

60305 Frankiedankie Dr Madison Lake, MN 56063

Estimated Value: $1,128,000 - $1,461,965

2.02 Acres
$635,968 Price per Acre
87,991 Sq Ft Lot

Last Sold March 25, 2021

Last sale price $180,000

Est. 614% increase in value since last sale

Current estimated payment $7,745/month

Highlights

  • 253 Feet of Waterfront
  • Beach Access
  • Cul-De-Sac
  • Eagle Lake Elementary School Rated A-

About This Lot

As of March 2021

2+ acre lot w/ approximately 253' of lake frontage on Lake George! Located just a short drive from Mankato, this very private, wooded lot offers endless potential to build your dream home or a seasonal cabin. There is a city sewer already located on the lot. Please call for more information or to receive a copy of the neighborhood coventants & restrictions.

Last Agent to Sell the Property

Jason Beal

JBEAL REAL ESTATE GROUP License #20276087 Listed on: 12/03/2019

Last Buyer's Agent

Jason Beal

JBEAL REAL ESTATE GROUP License #20276087 Listed on: 12/03/2019

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $11,840

Lot Details

  • 2.02 Acre Lot
  • Lot Dimensions are 253' x 298.5'
  • 253 Feet of Waterfront
  • Lake Front
  • Cul-De-Sac
  • Street terminates at a dead end
  • Irregular Lot

Outdoor Features

  • Beach Access

Listing and Financial Details

  • Assessor Parcel Number R37.05.19.230.04

Property Details

Property Type

Land

Est. Annual Taxes

$11,840

Lot Details

0

Listing Details

  • Class: Lot/Land
  • Sub Type: Residential
  • Assessments: Yes
  • Dnr Lake Id Number: 7004700
  • L V T Date: 08/07/2017
  • Parcel Number: R37.05.19.230.04
  • Street Designation: Drive
  • Estimated Number of Acres: 2.02
  • Additional Information: Abstract
  • Development: Yes
  • Land Improvements: Dead End/No Outlet
  • Plat Recorded: Yes
  • Restricted To These Builders: Covenants & Restrictions
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Waterfront Name: George
  • Waterfront: Yes
  • Water Frontage: 253
  • Waterfront Description: Lake

Utilities

  • Available Utilities: City Sewer, Electric, Natural Gas
  • On Site Utilities: City Sewer, Electric, Natural Gas

Lot Info

  • Lot/Land Description: Accessible Shoreline, Cul de Sac, Irregular Lot
  • Estimated Lot Dimensions: 253' X 298.5'

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 3, 2019
Closed on
Mar 25, 2021
Sold by
James Anthony D
Bought by
Joas Jenelle
Seller's Agent
Jason Beal
JBEAL REAL ESTATE GROUP
Buyer's Agent
Jason Beal
JBEAL REAL ESTATE GROUP
List Price
$219,900
Sold Price
$180,000
Premium/Discount to List
-$39,900
-18.14%
Current Estimated Value
$1,284,655

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,104,655
Avg. Annual Appreciation
53.30%
Original Mortgage
$144,000
Outstanding Balance
$118,455
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$1,166,200
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Joas Jenelle $180,000 Stewart Title
Joas Jenelle Jenelle $180,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Joas Jenelle $144,000
Closed Joas Jenelle Jenelle $146,354
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/25/2021 03/25/21 Sold $180,000 -5.2% --
02/02/2021 02/02/21 Pending -- -- --
09/28/2020 09/28/20 Price Changed $189,900 -13.6% --
01/13/2020 01/13/20 For Sale $219,900 +22.2% --
08/14/2019 08/14/19 Off Market $180,000 -- --
08/13/2018 08/13/18 For Sale $225,000 +25.0% --
08/08/2018 08/08/18 Off Market $180,000 -- --
01/03/2018 01/03/18 For Sale $225,000 +25.0% --
01/01/2018 01/01/18 Off Market $180,000 -- --
08/07/2017 08/07/17 For Sale $225,000 -- --
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 $11,840 $1,215,200 $159,700 $1,055,500
2024 $11,840 $1,113,800 $159,700 $954,100
2023 $1,498 $398,100 $159,700 $238,400
2022 $1,368 $134,700 $134,700 $0
2021 $2,032 $134,700 $134,700 $0
2020 $2,038 $134,700 $134,700 $0
2019 $1,984 $134,700 $134,700 $0
2018 $1,966 $134,700 $134,700 $0
2017 $1,910 $134,700 $134,700 $0
2016 $1,910 $134,700 $134,700 $0
2015 $19 $134,700 $134,700 $0
2014 $2,414 $404,100 $404,100 $0
Source: Public Records

Agents Affiliated with this Home

  • Jason Beal

    Seller's Agent in 2021

    Jason Beal

    JBEAL REAL ESTATE GROUP

    (507) 381-1060

    190 Total Sales

    Jason Beal
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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7015500

REALTOR® Association of Southern Minnesota

APN: R37-05-19-230-004

Minnesota Blue Earth County Madison Lake 56063

60305 Frankiedankie Dr, Madison Lake, MN

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