Seller's Agent in 2024
Jen True
TRUE REAL ESTATE
(507) 317-4433
446 Total Sales
71 71 Balsam Ln Madison Lake, MN 56063
Estimated Value: $376,000 - $396,059
4
Beds
4
Baths
3,192
Sq Ft
$122/Sq Ft
Est. Value
Highlights
- Open Floorplan
- Deck
- Wood Flooring
- Eagle Lake Elementary School Rated A-
- Vaulted Ceiling
- 3 Car Attached Garage
About This Home
As of May 2024Come check out this beautifully built 4 bedroom, 3 bath home that was built in 2017 in a new development north of Madison Lake. Just 20 minutes from Mankato! When you enter the home you will be greeted by the large foyer, extra care and attention was put into planning this home, with beautiful tile in the entry way and bathrooms, the stone countertops, to the maintenance free 16x16 deck and some "smart home" features. If you are looking for small town living with plenty of space you will not want to miss out on this wonderful home.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,462
Year Built
- Built in 2017
Lot Details
- 0.34 Acre Lot
- Lot Dimensions are 97x153
Home Design
- Bi-Level Home
- Frame Construction
- Asphalt Shingled Roof
- Steel Siding
- Concrete Block And Stucco Construction
Interior Spaces
- Open Floorplan
- Wired For Data
- Vaulted Ceiling
- Ceiling Fan
- Double Pane Windows
- Window Treatments
Kitchen
- Range
- Recirculated Exhaust Fan
- Microwave
- Dishwasher
- Kitchen Island
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Walk Through Bedroom
- Bathroom on Main Level
Laundry
- Dryer
- Washer
Finished Basement
- Basement Fills Entire Space Under The House
- Sump Pump
- Block Basement Construction
- Basement Window Egress
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 3 Car Attached Garage
- Garage Door Opener
- Driveway
Outdoor Features
- Deck
- Storage Shed
Utilities
- Forced Air Heating and Cooling System
- Underground Utilities
- Gas Water Heater
- Water Softener is Owned
- High Speed Internet
Listing and Financial Details
- Assessor Parcel Number R14.05.26.304.018
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 5, 2024
Closed on
May 31, 2024
Sold by
Morrow Melanie and Morrow Richard
Bought by
Reinbold William and Reinbold Ann
Seller's Agent
Jen True
TRUE REAL ESTATE
Buyer's Agent
Matt Larson
TRUE REAL ESTATE
List Price
$359,900
Sold Price
$373,000
Premium/Discount to List
$13,100
3.64%
Views
41
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
$15,765
Avg. Annual Appreciation
2.98%
Original Mortgage
$300,162
Outstanding Balance
$296,390
Interest Rate
7.1%
Mortgage Type
New Conventional
Estimated Equity
$92,375
Purchase Details
Closed on
Jul 13, 2018
Sold by
Rome Reichel Construction Inc
Bought by
Morrow Richard S and Morrow Melanie L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,800
Interest Rate
4.6%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 19, 2017
Purchase Details
Closed on
Apr 26, 2017
Sold by
Mesenbrink Construction & Engineering
Bought by
Rome Reichel Construction Inc
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 |
|---|---|---|---|
| Reinbold William | $373,000 | -- | |
| Morrow Richard S | $283,500 | Stewart Title | |
| -- | -- | -- | |
| Rome Reichel Construction Inc | $56,800 | Title Resources |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Reinbold William | $300,162 | |
| Previous Owner | Morrow Richard S | $226,800 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/31/2024 05/31/24 | Sold | $373,000 | +3.6% | $117 / Sq Ft |
| 04/14/2024 04/14/24 | Pending | -- | -- | -- |
| 04/10/2024 04/10/24 | For Sale | $359,900 | -3.5% | $113 / Sq Ft |
| 04/06/2024 04/06/24 | Off Market | $373,000 | -- | -- |
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 | $4,624 | $408,600 | $34,800 | $373,800 |
| 2024 | $4,624 | $350,600 | $35,000 | $315,600 |
| 2023 | $4,190 | $331,300 | $35,000 | $296,300 |
| 2022 | $3,464 | $293,800 | $35,000 | $258,800 |
| 2021 | $3,352 | $241,000 | $35,000 | $206,000 |
| 2020 | $2,946 | $225,300 | $35,000 | $190,300 |
| 2019 | $2,718 | $225,300 | $35,000 | $190,300 |
| 2018 | $400 | $208,100 | $32,600 | $175,500 |
| 2017 | $388 | $29,400 | $29,400 | $0 |
| 2016 | $378 | $29,400 | $29,400 | $0 |
| 2015 | $4 | $29,400 | $29,400 | $0 |
| 2014 | $368 | $88,200 | $88,200 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Jen True
-
Matt Larson
Buyer's Agent in 2024
Matt Larson
TRUE REAL ESTATE
(507) 382-6994
52 Total Sales
Map
Source: REALTOR® Association of Southern Minnesota
MLS Number: 7034596
APN: R14-05-26-304-018
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