NOT LISTED FOR SALE

63 63 Balsam Ln Madison Lake, MN 56063

Estimated Value: $338,000 - $374,623

3 Beds
2 Baths
1,520 Sq Ft
$234/Sq Ft Est. Value

Last Sold April 29, 2024

Last sale price $320,500 $211 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $1,979/month

25 Days on Market

Highlights

  • Open Floorplan
  • Vaulted Ceiling
  • No Interior Steps
  • Eagle Lake Elementary School Rated A-
  • 3 Car Attached Garage
  • Bathroom on Main Level

About This Home

As of April 2024

**Close to Completion Single Family New Construction** One level living! This slab on grade home features attached 3 car garage, open concept living room, dining and kitchen. Finishes include granite countertops, stainless steel appliances, pantry and tile backsplash in kitchen. Private primary suite with walk in shower and dual sinks w/quartz vanity tops, laundry/mud room off of garage entrance plus much more! Inquire about the 1% preferred lender incentive.

Last Agent to Sell the Property

Katyana Miller

Miller Real Estate License #40374136 Listed on: 02/16/2024

Last Buyer's Agent

John Ries

RE/MAX DYNAMIC AGENTS

RE/MAX DYNAMIC AGENTS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $544

Year Built

  • Built in 2023 | Under Construction

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 102x134

Parking

  • 3 Car Attached Garage

Home Design

  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding
  • Stone Exterior Construction

Interior Spaces

  • 1,520 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Vaulted Ceiling
  • Dining Room
  • Washer and Dryer Hookup

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level

Accessible Home Design

  • No Interior Steps
  • Stepless Entry

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R14.05.26.304.016

Home Details

Home Type

Single Family

Est. Annual Taxes

$544

Year Built

Built in 2023 | Under Construction

Lot Details

0

Listing Details

  • Type: Single Family
  • Class: SINGLE FAMILY
  • Classification: NonHomestead
  • Style: SF Single Family
  • Ada Features: No Stairs Internal, No Stairs External
  • Amenities: Kitchen Center Island, Vaulted Ceilings, Washer/Dryer Hookups
  • Estimated Number of Acres: 0.27
  • Assessments: Unknown
  • Construction: Under Construction-Spec Home
  • Foundation Size: 1520
  • L V T Date: 02/16/2024
  • Mechanicals: Water Heater-Electric
  • Parcel Number: R14.05.26.304.016
  • Stories: 1 Story
  • Street Designation: Lane
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Dining Room: Informal Dining Room, Open Floor Plan
  • Appliances: Dishwasher, Microwave, Range/Stove, Refrigerator
  • Total Bedrooms: 3
  • Bathroom Description: 3/4 Master, Main Floor Full Bath, Private Master
  • Total Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 2
  • Room 1: Living Room, On Level: Main
  • Room 2: Dining Room, On Level: Main
  • Room 3: Kitchen, On Level: Main
  • Room 4: Bedroom, On Level: Main
  • Room 5: Bedroom, On Level: Main
  • Room 6: PB, On Level: Main
  • Room 7: On Level: Main
  • Basement Style: Slab
  • Finished Above Grade Sq Ft: 1520
  • Tot Above Grade Sq Ft: 1520
  • Total Fin Square Footage: 1520
  • Total Square Footage: 1520

Exterior Features

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

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 3
  • Garage Square Footage: 720

Utilities

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

Lot Info

  • Estimated Lot Dimensions: 102x134

Building Info

  • Year Built: 2023

Tax Info

  • Year: 2023
  • Tax Value: 544

MLS Schools

  • School District: Mankato #77

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2024
Closed on
Apr 24, 2024
Sold by
Miller Homes Llc
Bought by
Evans Christopher
Seller's Agent
Katyana Miller
Miller Real Estate
Buyer's Agent
John Ries
RE/MAX DYNAMIC AGENTS
List Price
$315,900
Sold Price
$320,500
Premium/Discount to List
$4,600
1.46%
Views
32
Current Estimated Value
$355,156

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,656
Avg. Annual Appreciation
7.08%
Original Mortgage
$310,885
Outstanding Balance
$306,115
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
$49,041

Purchase Details

Closed on
May 31, 2023
Sold by
Dtre Llc
Bought by
Miller Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
6.39%
Mortgage Type
New Conventional
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
Evans Christopher $320,500 --
Miller Homes Llc $360,000 --
-- $294,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Evans Christopher $310,885
Previous Owner Miller Homes Llc $288,000
Closed -- $235,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/29/2024 04/29/24 Sold $320,500 +1.5% $211 / Sq Ft
03/12/2024 03/12/24 Pending -- -- --
02/16/2024 02/16/24 For Sale $315,900 -- $208 / 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 $1,334 $367,300 $33,800 $333,500
2024 $1,334 $127,600 $33,800 $93,800
2023 $544 $30,400 $30,400 $0
2022 $562 $30,400 $30,400 $0
2021 $532 $30,400 $30,400 $0
2020 $514 $30,400 $30,400 $0
2019 $398 $30,400 $30,400 $0
2018 $388 $28,400 $28,400 $0
2017 $374 $28,400 $28,400 $0
2016 $366 $28,400 $28,400 $0
2015 $4 $28,400 $28,400 $0
2014 $356 $85,200 $85,200 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7034284

REALTOR® Association of Southern Minnesota

APN: R14-05-26-304-016