Seller's Agent in 2018
Richard Draheim
WEICHERT REALTORS, COMMUNITY GROUP
(507) 345-1111
181 Total Sales
71 Balsam Ln Madison Lake, MN 56063
Estimated Value: $376,000 - $396,059
0.32
Acre
$1,214,891
Price per Acre
13,939
Sq Ft Lot
Highlights
- New Construction
- Vaulted Ceiling
- Forced Air Heating and Cooling System
- Eagle Lake Elementary School Rated A-
- 3 Car Attached Garage
About This Lot
As of July 2018Presenting luxury without the price tag! This newly built home is located in a quiet community just a 10 minute drive from Mankato. This four bedroom, 2.5 bath home on a large lot features everything you need to relax and live comfortably in 2400 square feet of finished living space. Step into the bright foyer that includes a classy tile floor, half-bath, and roomy closet. The upper level boasts an open floor plan with lots of natural lighting. The kitchen features modern finishes like granite with a custom tile backsplash. No more bumping shoulders in the bathroom with the double sink vanity. Storage abounds in the lower level comprised of a spacious family room with closet, large laundry/utility room, two bedrooms, and bonus storage under the steps. And that’s not all, the home has a large three stall finished garage, steel siding with stone and shake accents, and quality Andersen windows. Located in Mankato school district with options to enroll in Cleveland, St. Clair, or Janesville School districts.
Last Agent to Sell the Property
WEICHERT REALTORS, COMMUNITY GROUP Listed on: 08/31/2017
Property Details
Property Type
- Land
Est. Annual Taxes
- $4,624
Year Built
- 2017
Lot Details
- 0.32 Acre Lot
- Lot Dimensions are 97 x 153
Parking
- 3 Car Attached Garage
Home Design
- Fractional Ownership
- Land
- Bi-Level Home
- Frame Construction
- Asphalt Shingled Roof
- Steel Siding
Interior Spaces
- Vaulted Ceiling
Bedrooms and Bathrooms
- 4 Bedrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Sump Pump
- Block Basement Construction
Utilities
- Forced Air Heating and Cooling System
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number R14.05.26.304.018
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 31, 2024
Sold by
Morrow Melanie and Morrow Richard
Bought by
Reinbold William and Reinbold Ann
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,162
Outstanding Balance
$296,390
Interest Rate
7.1%
Mortgage Type
New Conventional
Estimated Equity
$92,375
Purchase Details
Listed on
Aug 31, 2017
Closed on
Jul 13, 2018
Sold by
Rome Reichel Construction Inc
Bought by
Morrow Richard S and Morrow Melanie L
Seller's Agent
Richard Draheim
WEICHERT REALTORS, COMMUNITY GROUP
Buyer's Agent
Mary Weller
Coldwell Banker River Valley
List Price
$289,900
Sold Price
$283,000
Premium/Discount to List
-$6,900
-2.38%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.45%
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 |
|---|---|---|---|---|
| 07/13/2018 07/13/18 | Sold | $283,000 | -2.0% | $116 / Sq Ft |
| 06/04/2018 06/04/18 | Pending | -- | -- | -- |
| 06/01/2018 06/01/18 | Price Changed | $288,750 | -0.1% | $119 / Sq Ft |
| 03/19/2018 03/19/18 | Price Changed | $288,900 | -0.3% | $119 / Sq Ft |
| 08/31/2017 08/31/17 | For Sale | $289,900 | -- | $119 / Sq Ft |
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
-
Richard Draheim
-
Mary Weller
Buyer's Agent in 2018
Mary Weller
Coldwell Banker River Valley
(507) 420-5435
91 Total Sales
Map
Source: REALTOR® Association of Southern Minnesota
MLS Number: 7015754
APN: R14-05-26-304-018
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