$899,900
$47K PRICE DROP

62699 240th St Madison Lake, MN 56063

Estimated payment $5,341/month

Total Views 16,421
3 Beds
2.5 Baths
2,888 Sq Ft
$312 Price per Sq Ft

Highlights

  • Hot Property
  • Reverse Osmosis System
  • Wood Flooring
  • Eagle Lake Elementary School Rated A-
  • Open Floorplan
  • Formal Dining Room

About This Home

The beautiful home is nestled on nearly 10 acres of paradise. The front of this amazing home is welcoming with it's surrounding landscaping. This home offers an open floor plan with the opportunity to entertain. Quality workmanship throughout this amazing home. Cozy up by the fireplace on those cold winter evenings while watching the wildlife out the abundancy of windows, offering a spectacular scene. The master bedroom boast a fireplace as well as a view out every window. The master bathroom is nothing short of perfect. A walk in closet offers enough room for an office and laundry. The lower level walks out to the back yard sitting area. The back patio is perfect for those quiet evenings of gathering of family and friends. The double attached garage is heated. BUT that is not all! THE 30x48 BONUS shed is new and is also heated. In addition to a bathroom, this "man cave" offers a "bedroom" to enjoy the peace and quiet of all the action in the home. So much storage area not only in this BONUS shed but also yet another 24x24 shed that is home to all the lawn and garden equipment and supplies.

Listing Agent

Christine Thomas

LAKE SHORES & MORE REALTY License #20101389 Listed on: 07/07/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,366

Year Built

  • Built in 2015

Lot Details

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

Home Design

  • Frame Construction
  • Asphalt Shingled Roof
  • Steel Siding

Interior Spaces

  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Double Pane Windows
  • Living Room with Fireplace
  • Formal Dining Room
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Cooktop
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal
  • Reverse Osmosis System

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk Through Bedroom
  • Walk-In Closet
  • Bathroom on Main Level
  • Bathtub With Separate Shower Stall

Laundry

  • Dryer
  • Washer

Finished Basement

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

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Gravel Driveway

Outdoor Features

  • Patio
  • Storage Shed
  • Porch

Farming

  • Machine Shed

Utilities

  • Geothermal Heating and Cooling
  • Heating System Powered By Owned Propane
  • Water Filtration System
  • Private Water Source
  • Electric Water Heater
  • Water Softener is Owned
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number R370.524.300.015

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,366

Year Built

Built in 2015

Lot Details

0

Listing Details

  • Type: Single Family
  • Class: SINGLE FAMILY
  • Classification: Homestead
  • Style: SF Single Family
  • Amenities: Ceiling Fans, Eat-In Kitchen, Garage Door Opener, Hardwood Floors, Kitchen Center Island, Walk-In Closet, Washer/Dryer Hookups, Double Pane Windows (L), Smoke Alarms (L), CO Detectors (L)
  • Amenities Exterior: Driveway - Concrete, Driveway - Gravel, Patio, Porch
  • Estimated Number of Acres: 9.68
  • Construction: Previously Owned
  • Foundation Size: 1653
  • L V T Date: 07/08/2025
  • Mechanicals: Water Filtration System, Water Heater-Electric, Water Osmosis System, Water Softener-Owned, Sump Pump, Circuit Breaker
  • Parcel Number: R370.524.300.015
  • Price Per Square Foot: 272
  • Stories: 1 Story
  • Street Designation: Street
  • Taxes With Assessments: 5366
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room: Formal Dining Room, Open Floor Plan
  • Fireplace: Yes
  • Fireplace Type: In Living Room
  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan/Hood, Microwave, Range/Stove, Refrigerator, Wall Oven, Washer
  • Total Bedrooms: 3
  • Bathroom Description: Full Basement, Main Floor 1/2 Bath, Primary Walk-Thru, Private Primary, Separate Tub & Shower
  • Total Bathrooms: 3
  • Half Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bathrooms: 3
  • Room 1: Living Room, 21x18, On Level: Main
  • Room 2: Dining Room, 13x10, On Level: Main
  • Room 3: Kitchen, 18.5x18.6, On Level: Main
  • Room 4: Primary Bedroom, 158x13.10, On Level: Main
  • Room 5: Family Room, 21x18, On Level: Lower
  • Room 6: Bedroom, 13x9.10, On Level: Lower
  • Room 7: 15.8x10.11, On Level: Lower
  • Room 8: Storage Room, 18x18, On Level: Lower
  • Basement Features: Daylight/Lookout Windows, Finished, Walkout
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 1653
  • Below Grade Finished Sq Ft: 1235
  • Tot Above Grade Sq Ft: 1653
  • Total Fin Square Footage: 2888
  • Total Square Footage: 3306
  • Tot Below Grade Sq Ft: 1653

Exterior Features

  • Frontage Road: County, Gravel
  • Construction Type: Frame/Wood
  • Exterior: Steel
  • Out Buildings: Machine Shed, Storage Shed
  • Roof: Asphalt Shingles

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 2

Utilities

  • Cooling: Geothermal
  • Fuel: Propane - Tank Owned
  • Heat: Fireplace, Geothermal
  • Sewer: Private
  • Water: Private

Schools

  • School District: Cleveland #391

Lot Info

  • Estimated Lot Dimensions: irreg
  • Lot/Land Description: Landscaped, Tree Coverage - Heavy

Building Info

  • Year Built: 2015

Tax Info

  • Year: 2025
  • Tax Value: 5366

MLS Schools

  • School District: Cleveland #391

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





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 $5,336 $625,700 $103,000 $522,700
2024 $5,336 $576,100 $103,000 $473,100
2023 $4,354 $582,300 $103,000 $479,300
2022 $3,510 $496,900 $103,000 $393,900
2021 $3,216 $366,500 $103,300 $263,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/27/2025 07/27/25 Price Changed $899,900 -5.0% $312 / Sq Ft
07/12/2025 07/12/25 For Sale $947,000 0.0% $328 / Sq Ft
07/07/2025 07/07/25 Off Market $947,000 -- --
10/15/2021 10/15/21 Sold $595,000 0.0% $206 / Sq Ft
08/30/2021 08/30/21 Pending -- -- --
08/27/2021 08/27/21 For Sale $595,000 -- $206 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

Purchase History

Date Type Sale Price Title Company
Warranty Deed $595,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $455,000 New Conventional
Previous Owner $345,600 New Conventional
Previous Owner $325,000 New Conventional
Previous Owner $350,000 New Conventional
Previous Owner $300,000 New Conventional
Source: Public Records

About the Listing Agent

Christine Thomas

LAKE SHORES & MORE REALTY

(507) 516-5663

Section Image

I'm an expert real estate agent with LAKE SHORES & MORE REALTY in CLEVELAND, MN and the nearby area, providing home-buyers and sellers with professional, responsive and attentive real estate services. Want an agent who'll really listen to what you want in a home? Need an agent who knows how to effectively market your home so it sells? Give me a call! I'm eager to help and would love to talk to you.

Christine's Other Listings

  • 46617 Cape Horn Rd, Cleveland, MN 56017

    $659,900

    • 3 Beds
    • 2.5 Baths
    • 2,250 Sq Ft
    • 46617 Cape Horn Rd
    • Cleveland, MN

    Completely remodeled home on the shore of the desirable East Lake Jefferson. New septic in stalled Oct 2024. Bonus outlot across the gravel frontage rd. This home has gotten a face lift from top to bottom, inside to outside. The view is incredible. New deck overlooking the lake, new patio at walkout lower level and new aluminum steps to the shoreline. Come out to tour this incredible home with a

    Christine Thomas LAKE SHORES & MORE REALTY

    Section Image
  • 24541 Arrowhead Trail, Cleveland, MN 56017

    $429,900

    • 1 Bed
    • 1 Bath
    • 1,304 Sq Ft
    • 24541 Arrowhead Trail
    • Cleveland, MN

    This exquisite home, graced with a touch of medieval magic, is nestled on 7.1 acres of paradise, offering serene lake access to East Jefferson. As you enter, be enchanted by the impressive beams adorning the living area, perfectly complementing the elegant granite countertops in the kitchen. The main floor exudes quaint charm, providing a warm and inviting atmosphere. Venture to the basement,

    Christine Thomas LAKE SHORES & MORE REALTY

    Section Image
  • TBD Tbd Jefferson Lake Dr, Cleveland, MN 56017

    $84,900

    • Land
    • 1.4 Acres
    • $60,643 per Acre
    • TBD Tbd Jefferson Lake Dr
    • Cleveland, MN

    Just 20 minutes from Mankato and near Lake Jefferson, this single family building site is perfect to build your dream home on. 1.4 acres. Level lot.

    Christine Thomas LAKE SHORES & MORE REALTY

    Section Image
  • 0 Tbd 247th Ave, Cleveland, MN 56017

    $119,900

    • Land
    • 5 Acres
    • $23,980 per Acre
    • 0 Tbd 247th Ave
    • Cleveland, MN

    Fabulous building lot for your dream home, barndominium, shouse.....This lot would offers a slope to build a walkout with a view of Lake Jefferson. No covenants and restrictions except for county requirements.

    Christine Thomas LAKE SHORES & MORE REALTY

    Section Image
  • 28032 Cedar Trail Ct, Cleveland, MN 56017

    $84,900

    • Land
    • 1 Acre
    • $84,900 per Acre
    • 28032 Cedar Trail Ct
    • Cleveland, MN

    Lot will be resurveyed to approx 1 acre. Wonderful area near lake Jefferson. Lot includes water hookup and city sewer. Build your dream house today.

    Christine Thomas LAKE SHORES & MORE REALTY

    Section Image
  • 326 W Wabasha St, Saint Peter, MN 56082

    $229,900 Pending

    • 2 Beds
    • 1 Bath
    • 1,028 Sq Ft
    • 326 W Wabasha St
    • Saint Peter, MN

    It doesn't get any cuter than this! This 2 bedroom home had been recently remodeled and is a perfect home for any buyer looking for cozy and comfortable. New kitchen, wiring, plumbing, paint, flooring and some new windows. New Shed as well. Corner lot that offers a fenced in rear yard. Landscaped and waiting for a new owner.

    Christine Thomas LAKE SHORES & MORE REALTY

    Section Image
  • 528 528 Locust St, St. Peter, MN 56082

    $319,900

    • 3 Beds
    • 2.5 Baths
    • 1,812 Sq Ft
    • 528 528 Locust St
    • St. Peter, MN

    This home has been beautifully updated and ready for a new buyer. A bright family room welcomes guest as they enter the home. Warm up with the beautiful fireplace that the family room offers. Step into the newly renovated kitchen that boast ample storage. The dining area offers a coffee/hot chocolate bar and a small office space to complete computer tasks. The primary bedroom offers 2 walk in

    Christine Thomas LAKE SHORES & MORE REALTY

    Section Image
  • 46567 Evergreen Ln, Cleveland, MN 56017

    $200,000 Sold Aug 18, 2025

    • Land
    • 0 Sq Ft Lot
    • 46567 Evergreen Ln
    • Cleveland, MN

    RARE COMMODITY! Great lot on West Lake Jefferson. This lot offers a double garage and a storage shed. THE BONUS hookup to city sewer leaves you plenty room to build your dream home.

    Christine Thomas LAKE SHORES & MORE REALTY

  • 44153 255th Ave, Cleveland, MN 56017

    $385,000 Sold Mar 07, 2025

    • 4 Beds
    • 3.5 Baths
    • 3,030 Sq Ft
    • 44153 255th Ave
    • Cleveland, MN

    Solid home on 15.20 acres. Seller may consider buyers concessions if made in an offer. This 4 bedroom, 4 bath home, in need of a little TLC, is ready for a new owner who sees the value in country living. 7 acres of plow ground that is rented by neighboring farmer. Beautiful setting with mature trees. Walk out basement, second floor deck overlooking back yard. 3 stall garage, along with a couple

    Christine Thomas LAKE SHORES & MORE REALTY

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7038021

REALTOR® Association of Southern Minnesota

APN: R37.05.24.300.015