NOT LISTED FOR SALE

70 Balsam Ln Madison Lake, MN 56063

Estimated Value: $414,000 - $449,180

5 Beds
3 Baths
2,714 Sq Ft
$160/Sq Ft Est. Value

Last Sold May 17, 2021

Last sale price $349,900 $129 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $2,756/month

Highlights

  • 3 Car Attached Garage
  • Forced Air Heating and Cooling System
  • Home to be built
  • Eagle Lake Elementary School Rated A-

About This Home

As of May 2021

If you are in the market for a home with space, you’ll want to check out this new home by Wolf River Construction. The upper level is over 1400 square feet alone! The upper level also features a 14 by 19 living room w/ an open concept with the living room and dining. Kitchen has tons of cabinet space and center island. The upper level also has 3 generous sized bedrooms, including a master bedroom that’s over 14 by 13 w/ a master bathroom and walk in closet. The lower level you’ll find the perfect area for entertaining. The lower family room has tons of square footage and is set-up for the new owner to install a gas fireplace if needed. There are also 2 more generous sized bedrooms and another full bath, making this a 5 bedroom, 3 bath home w/ a 3 stall attached garage. Contact listing agent for more information and for projected completion date!

Last Agent to Sell the Property

Dan Terrell

RE/MAX DYNAMIC AGENTS Listed on: 12/31/2020

RE/MAX DYNAMIC AGENTS

Last Buyer's Agent

kelly lynn

HOME RUN REALTY License #40615768

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,600

Year Built

  • 2021

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 90 x 140

Parking

  • 3 Car Attached Garage

Home Design

  • Home to be built
  • Bi-Level Home
  • Poured Concrete
  • Frame Construction
  • Vinyl Siding

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number R140526303023

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,600

Year Built

2021

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Classification: NonHomestead
  • Style: SF Single Family
  • Amenities: Smoke Alarms (L), CO Detectors (L)
  • Estimated Number of Acres: 0.29
  • Construction: To Be Built/Floor Plan
  • Foundation Size: 1415
  • L V T Date: 12/31/2020
  • Mechanicals: Sump Pump
  • Parcel Number: R140526303023
  • Stories: Bi-Level Split
  • Street Designation: Lane
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Year Built: 2021

Interior Features

  • Appliances: Dishwasher, Microwave, Range/Stove, Refrigerator
  • Total Bedrooms: 5
  • Total Bathrooms: 3
  • Three Quarter Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bathrooms: 3
  • Room 1: Living Room, 14.6x17.10, On Level: Upper
  • Room 2: Dining Room, 11x10.2, On Level: Upper
  • Room 3: Kitchen, 9.6x10.2, On Level: Upper
  • Room 4: Master Bedroom, 14.4x13, On Level: Upper
  • Room 5: Bedroom, 11x10, On Level: Upper
  • Room 6: Bedroom, 10.3x10, On Level: Upper
  • Room 7: On Level: Upper
  • Room 8: Family Room, 23.6x27.5, On Level: Lower
  • Room 9: Bedroom, 12x11.11, On Level: Lower
  • Room 10: Bedroom, 12x11.9, On Level: Lower
  • Room 11: Bathroom, On Level: Lower
  • Room 12: Laundry Room, On Level: Lower
  • Basement Material: Poured Concrete
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 1415
  • Below Grade Finished Sq Ft: 1299
  • Tot Above Grade Sq Ft: 1415
  • Total Fin Square Footage: 2714
  • Total Square Footage: 2830
  • Tot Below Grade Sq Ft: 1415

Exterior Features

  • Construction Type: Frame/Wood
  • Exterior: Vinyl

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 3

Utilities

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

Lot Info

  • Estimated Lot Dimensions: 90 x 140

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 31, 2020
Closed on
May 17, 2021
Sold by
Nielsen Justin and Nielsen Lina Y
Bought by
Swenson Jennifer L and Swenson Jeremy S
Seller's Agent
Dan Terrell
RE/MAX DYNAMIC AGENTS
Buyer's Agent
kelly lynn
HOME RUN REALTY
List Price
$349,800
Sold Price
$349,900
Premium/Discount to List
$100
0.03%
Current Estimated Value
$435,295

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,395
Avg. Annual Appreciation
5.03%
Original Mortgage
$272,000
Outstanding Balance
$246,115
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$189,180

Purchase Details

Listed on
Jul 10, 2019
Closed on
Dec 21, 2020
Sold by
Mesenbrink Construction & Engineering In
Bought by
Neilsen Justin
Seller's Agent
Dennis Terrell
RE/MAX DYNAMIC AGENTS
Buyer's Agent
Dan Terrell
RE/MAX DYNAMIC AGENTS
List Price
$31,000
Sold Price
$31,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
42701.17%
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
Swenson Jennifer L $349,900 None Available
Neilsen Justin $31,000 North American Title
Neilsen Justin Justin $31,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Swenson Jennifer L $272,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/17/2021 05/17/21 Sold $349,900 0.0% $129 / Sq Ft
03/10/2021 03/10/21 Pending -- -- --
12/31/2020 12/31/20 For Sale $349,800 +1028.4% $129 / Sq Ft
12/22/2020 12/22/20 Sold $31,000 0.0% -- View Prior Sale
12/04/2020 12/04/20 Pending -- -- --
07/16/2020 07/16/20 For Sale $31,000 0.0% --
07/11/2020 07/11/20 Off Market $31,000 -- --
07/10/2019 07/10/19 For Sale $31,000 -- --
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 $5,600 $483,300 $33,100 $450,200
2024 $5,600 $416,800 $33,100 $383,700
2023 $5,092 $394,100 $33,100 $361,000
2022 $292 $350,800 $33,100 $317,700
2021 $522 $29,800 $29,800 $0
2020 $504 $29,800 $29,800 $0
2019 $390 $29,800 $29,800 $0
2018 $378 $27,800 $27,800 $0
2017 $366 $27,800 $27,800 $0
2016 $358 $27,800 $27,800 $0
2015 $4 $27,800 $27,800 $0
2014 $348 $83,400 $83,400 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2021

    Dan Terrell

    RE/MAX

    Section Image
  • kelly lynn

    Buyer's Agent in 2021

    kelly lynn

    HOME RUN REALTY

    (507) 380-0202

    6 Total Sales

    kelly lynn
    Section Image
  • Dennis Terrell

    Seller's Agent in 2020

    Dennis Terrell

    RE/MAX

    (507) 340-4562

    166 Total Sales

    Dennis Terrell
    Section Image
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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7025978

REALTOR® Association of Southern Minnesota

APN: R14-05-26-303-023

Minnesota Blue Earth County Madison Lake 56063

70 Balsam Ln, Madison Lake, MN

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