Seller's Agent in 2021
Jason Beal
JBEAL REAL ESTATE GROUP
(507) 381-1060
190 Total Sales
61207 Frederick Dr Madison Lake, MN 56063
Estimated Value: $605,000 - $676,000
4
Beds
2
Baths
3,016
Sq Ft
$209/Sq Ft
Est. Value
Highlights
- 176 Feet of Waterfront
- Open Floorplan
- 3 Car Attached Garage
- Eagle Lake Elementary School Rated A-
- Vaulted Ceiling
- Eat-In Kitchen
About This Home
As of December 2021This wonderful lakehome is situated on a flat, acre lot with over 125' of shoreline on Lake Ballantyne! This 3,000 sf patio home features 4 generous-sized bedrooms, a great open-concept kitchen and a beautiful sunroom with soaring windows. The 3-stall garage is heated and insulated. There are no steps to get into the home or to the lake! Located 20 minutes northeast of Mankato, this home is an easy drive and will have you relaxing in no time. Updates to this home are numerous. In 2007, the water heater, pressure tank and water softener were updated. Since then, a new Trane furnace and AC, security system, new city sewer, concrete patio, culvert until driveway, and invisible fence. Last year, new roof, shingles, fascia & trim. This home must be seen in person to appreciate, so schedule a showing now!
Last Agent to Sell the Property
JBEAL REAL ESTATE GROUP License #20276087 Listed on: 08/05/2021
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,912
Year Built
- 1988
Lot Details
- 1.03 Acre Lot
- Lot Dimensions are 131x293x176x293
- 176 Feet of Waterfront
- Lake Front
- Property fronts a county road
Home Design
- Frame Construction
- Asphalt Shingled Roof
- Metal Siding
- Concrete Block And Stucco Construction
Interior Spaces
- 3,016 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Woodwork
- Vaulted Ceiling
- Ceiling Fan
- Gas Fireplace
- Double Pane Windows
- Dining Room
- Tile Flooring
Kitchen
- Eat-In Kitchen
- Breakfast Bar
- Range
- Kitchen Island
Bedrooms and Bathrooms
- 4 Bedrooms
- Walk Through Bedroom
- Walk-In Closet
- 2 Full Bathrooms
- Bathroom on Main Level
- Bathtub With Separate Shower Stall
Laundry
- Dryer
- Washer
Home Security
- Home Security System
- Fire and Smoke Detector
Parking
- 3 Car Attached Garage
- Garage Door Opener
- Gravel Driveway
Accessible Home Design
- Wheelchair Access
- No Interior Steps
- Stepless Entry
Additional Features
- Air Exchanger
- Patio
- Forced Air Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number R37.05.28.327.011
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 5, 2021
Closed on
Dec 3, 2021
Sold by
Hannegrefs Jim Jared
Bought by
Krause Andy S and Krause Beth T
Seller's Agent
Jason Beal
JBEAL REAL ESTATE GROUP
Buyer's Agent
Andrew Kolars
REALTY EXECUTIVES ASSOCIATES
List Price
$649,900
Sold Price
$516,250
Premium/Discount to List
-$133,650
-20.56%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$112,998
Avg. Annual Appreciation
5.21%
Original Mortgage
$413,000
Outstanding Balance
$379,852
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$249,396
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Krause Andy S | $516,252 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Krause Andy S | $413,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/03/2021 12/03/21 | Sold | $516,250 | -11.1% | $171 / Sq Ft |
| 10/29/2021 10/29/21 | Pending | -- | -- | -- |
| 10/06/2021 10/06/21 | Price Changed | $580,900 | -2.5% | $193 / Sq Ft |
| 09/01/2021 09/01/21 | Price Changed | $595,900 | -5.4% | $198 / Sq Ft |
| 08/18/2021 08/18/21 | Price Changed | $629,900 | -3.1% | $209 / Sq Ft |
| 08/05/2021 08/05/21 | For Sale | $649,900 | -- | $215 / Sq Ft |
Source: REALTOR® Association of Southern Minnesota
Tax History Compared to Growth
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 | $4,912 | $560,600 | $145,300 | $415,300 |
| 2024 | $4,912 | $519,200 | $145,300 | $373,900 |
| 2023 | $4,394 | $519,200 | $145,300 | $373,900 |
| 2022 | $5,814 | $483,300 | $145,300 | $338,000 |
| 2021 | $2,810 | $384,100 | $145,300 | $238,800 |
| 2020 | $2,804 | $364,000 | $145,300 | $218,700 |
| 2019 | $2,678 | $364,000 | $145,300 | $218,700 |
| 2018 | $2,564 | $346,800 | $145,300 | $201,500 |
| 2017 | $2,356 | $329,600 | $145,300 | $184,300 |
| 2016 | $2,400 | $302,000 | $145,300 | $156,700 |
| 2015 | $26 | $292,800 | $145,300 | $147,500 |
| 2014 | $20 | $300,100 | $145,300 | $154,800 |
Source: Public Records
Agents Affiliated with this Home
-
Jason Beal
-
Andrew Kolars
Buyer's Agent in 2021
Andrew Kolars
Realty Executives
(507) 317-7777
78 Total Sales
Map
Source: REALTOR® Association of Southern Minnesota
MLS Number: 7027805
APN: R37-05-28-327-011
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