NOT LISTED FOR SALE

705 Spruce Ave Madison Lake, MN 56063

Estimated Value: $218,000 - $271,000

3 Beds
1 Bath
1,306 Sq Ft
$192/Sq Ft Est. Value

Last Sold April 08, 2015

Last sale price $100,500 $77 Per Sq Ft

Est. 150% increase in value since last sale

Current estimated payment $1,511/month

Highlights

  • Wood Flooring
  • 3 Car Detached Garage
  • Double Pane Windows
  • Eagle Lake Elementary School Rated A-
  • Eat-In Kitchen
  • Kitchen Island

About This Home

As of April 2015

Nice 3 bedroom home that is just a hope skip and a jump to 3 surrounding lakes for fishing, swimming and summer boating fun! Home has hardwood floors maintenance free exterior, update mechanicals and triple detached garage. Great price and even greater value!! See attachment for PAS requirements and WFHM offer submittal information in MLS document section.

Last Agent to Sell the Property

Mary Weller

Coldwell Banker River Valley License #00087569 Listed on: 01/29/2015

Coldwell Banker River Valley

Last Buyer's Agent

Dan Terrell

RE/MAX DYNAMIC AGENTS

RE/MAX DYNAMIC AGENTS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,358

Year Built

  • 1923

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 50x142

Home Design

  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 1,306 Sq Ft Home
  • Double Pane Windows
  • Combination Dining and Living Room
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Kitchen Island

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Parking

  • 3 Car Detached Garage
  • Garage Door Opener

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number R14.05.34.260.004

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,358

Year Built

1923

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Classification: Homestead
  • Style: SF Single Family
  • Amenities: Eat-In Kitchen, Garage Door Opener, Hardwood Floors, Kitchen Center Island, Double Pane Windows (L)
  • Estimated Number of Acres: 0.16
  • Construction: Previously Owned
  • Foundation Size: 864
  • Parcel Number: R14.05.34.260.004
  • Stories: 1.25 - 1.75 Story
  • Street Designation: Avenue
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1923

Interior Features

  • Dining Room: Combine with Living Room
  • Total Bedrooms: 3
  • Bathroom Description: Upper Level Bath
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Room 1: Living Room, 20x13, On Level: Main
  • Room 2: Kitchen, 11x10, On Level: Main
  • Room 3: Bedroom, 13x10, On Level: Main
  • Room 4: Bathroom, On Level: Upper
  • Room 5: Bedroom, 13x8, On Level: Upper
  • Room 6: Bedroom, 13x11, On Level: Upper
  • Room 7: 11x7, On Level: Main
  • Room 8: Deck, 16x12, On Level: Main
  • Basement Features: Unfinished
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 1306
  • Tot Above Grade Sq Ft: 1306
  • Total Fin Square Footage: 1306
  • Total Square Footage: 2170
  • Tot Below Grade Sq Ft: 864

Exterior Features

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

Garage/Parking

  • Garage Type: Detached
  • Garage Capacity: 3

Utilities

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

Schools

  • Mankato Schools: Mankato East

Lot Info

  • Estimated Lot Dimensions: 50x142

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 29, 2015
Closed on
Mar 4, 2015
Sold by
Wells Fargo Bank Na
Bought by
Brooks Kimberly
Seller's Agent
Mary Weller
Coldwell Banker River Valley
Buyer's Agent
Dan Terrell
RE/MAX DYNAMIC AGENTS
List Price
$96,000
Sold Price
$100,500
Premium/Discount to List
$4,500
4.69%
Current Estimated Value
$251,115

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$150,615
Avg. Annual Appreciation
9.06%
Original Mortgage
$102,551
Outstanding Balance
$78,804
Interest Rate
3.77%
Mortgage Type
New Conventional
Estimated Equity
$172,311
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
Brooks Kimberly $100,500 North American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brooks Kimberly $102,551
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/08/2015 04/08/15 Sold $100,500 +4.7% $77 / Sq Ft
02/03/2015 02/03/15 Pending -- -- --
01/29/2015 01/29/15 For Sale $96,000 -- $74 / 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 $2,358 $241,300 $14,700 $226,600
2024 $2,358 $196,900 $14,700 $182,200
2023 $2,074 $181,200 $14,700 $166,500
2022 $1,670 $160,200 $14,700 $145,500
2021 $1,624 $131,300 $14,700 $116,600
2020 $1,404 $122,200 $14,700 $107,500
2019 $1,306 $122,200 $14,700 $107,500
2018 $1,272 $114,700 $14,700 $100,000
2017 $1,112 $114,700 $14,700 $100,000
2016 $1,054 $107,000 $14,700 $92,300
2015 $9 $105,000 $14,700 $90,300
2014 $1,084 $96,400 $14,700 $81,700
Source: Public Records

Agents Affiliated with this Home

  • Mary Weller

    Seller's Agent in 2015

    Mary Weller

    Coldwell Banker River Valley

    (507) 420-5435

    91 Total Sales

    Mary Weller
    Section Image

  • D

    Buyer's Agent in 2015

    Dan Terrell

    RE/MAX

    Section Image
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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7007312

REALTOR® Association of Southern Minnesota

APN: R14-05-34-260-004

Minnesota Blue Earth County Madison Lake 56063

705 Spruce Ave, Madison Lake, MN

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