72 72 Balsam Cir Madison Lake, MN 56063
4
Beds
2
Baths
1,890
Sq Ft
0.34
Acres
Highlights
- Open Floorplan
- Deck
- 2 Car Attached Garage
- Eagle Lake Elementary School Rated A-
- Vaulted Ceiling
- Bathroom on Main Level
About This Home
As of May 2025Move-in ready, this beautiful 4-bedroom, 2-bath home was completely updated in 2022. Kitchen contains black matte appliances, quartz countertops and island, tiled backsplash and and large apron sink. Dining and living area with additional custom cabinetry, leaves no shortage of storage. Upper level contains 2 bedrooms with one attached to a lovely full bathroom. Lower level offers two additional bedrooms, family room, laundry/utility room with W/D new in 2023 as well as a bathroom with custom tiled walk-in shower. Garage is squeaky clean, heated and has a professionally applied epoxy floor. Large storage shed added in 2022 for all your lawn and garden essentials. Steel siding, large yard and newer roof (replaced in 2020 due to hail damage). Quick access to state trail. Madison Lake is surrounded by several popular recreational lakes and is a golf-cart friendly community. *Sellers are licensed realtors in the State of MN.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,848
Year Built
- Built in 2010
Lot Details
- 0.34 Acre Lot
- Lot Dimensions are 86 x 190 x 90 x 161
Home Design
- Bi-Level Home
- Poured Concrete
- Frame Construction
- Asphalt Shingled Roof
- Steel Siding
- Passive Radon Mitigation
Interior Spaces
- Open Floorplan
- Vaulted Ceiling
- Ceiling Fan
Kitchen
- Range
- Microwave
- Dishwasher
- Kitchen Island
- Disposal
Bedrooms and Bathrooms
- 4 Bedrooms
- Walk Through Bedroom
- Primary Bathroom is a Full Bathroom
- Bathroom on Main Level
Laundry
- Dryer
- Washer
Finished Basement
- Basement Fills Entire Space Under The House
- Sump Pump
- Basement Window Egress
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 2 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
Listing and Financial Details
- Assessor Parcel Number R14.05.26.304.012
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 1, 2025
Closed on
May 19, 2025
Sold by
Stoufer David S and Stoufer Tana O
Bought by
Escobar Funes Omar and Lindsey Davis Lindsey
Seller's Agent
Tana Stoufer
TRUE REAL ESTATE
Buyer's Agent
Brittany Krueger
Edina Realty- Waseca
List Price
$349,900
Sold Price
$358,000
Premium/Discount to List
$8,100
2.31%
Views
7
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
-$1,519
Avg. Annual Appreciation
-1.56%
Original Mortgage
$340,100
Outstanding Balance
$339,500
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$16,981
Purchase Details
Closed on
Nov 8, 2018
Sold by
Cessna Clifford D
Bought by
Gilbertson Jeffrey and Gilbertson Rebecca
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,852
Interest Rate
4.7%
Mortgage Type
FHA
Purchase Details
Closed on
Nov 18, 2013
Sold by
Reichel Roger P and Reichel Debprah S
Bought by
Cessna Clifford D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,300
Interest Rate
3.75%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 4, 2010
Sold by
Rome Reichel Construction Inc
Bought by
Reichel Roger P and Reichel Deborah S
Purchase Details
Closed on
Jul 8, 2010
Sold by
Mensenbrink Construction & Engineering I
Bought by
Rome Reichel Construction Inc
Similar Homes in Madison Lake, MN
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $358,000 | Stewart Title Company | |
| Warranty Deed | $229,000 | Stewart Title | |
| Warranty Deed | $175,900 | -- | |
| Warranty Deed | $162,300 | -- | |
| Warranty Deed | $75,000 | -- | |
| Deed | $255,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $340,100 | New Conventional | |
| Previous Owner | $200,000 | Commercial | |
| Previous Owner | $5,989 | Stand Alone First | |
| Previous Owner | $225,933 | FHA | |
| Previous Owner | $224,852 | FHA | |
| Previous Owner | $157,550 | New Conventional | |
| Previous Owner | $158,300 | New Conventional | |
| Closed | $204,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/19/2025 05/19/25 | Sold | $358,000 | +2.3% | $189 / Sq Ft |
| 05/04/2025 05/04/25 | Pending | -- | -- | -- |
| 05/01/2025 05/01/25 | For Sale | $349,900 | -- | $185 / 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 | $3,868 | $339,500 | $36,000 | $303,500 |
| 2024 | $3,868 | $299,400 | $36,000 | $263,400 |
| 2023 | $3,362 | $271,300 | $36,000 | $235,300 |
| 2022 | $2,890 | $241,600 | $36,000 | $205,600 |
| 2021 | $2,762 | $205,900 | $36,000 | $169,900 |
| 2020 | $2,432 | $190,900 | $36,000 | $154,900 |
| 2019 | $2,364 | $190,900 | $36,000 | $154,900 |
| 2018 | $2,300 | $184,700 | $33,600 | $151,100 |
| 2017 | $2,050 | $184,700 | $33,600 | $151,100 |
| 2016 | $1,958 | $173,000 | $33,600 | $139,400 |
| 2015 | $18 | $170,000 | $33,600 | $136,400 |
| 2014 | -- | $474,300 | $100,800 | $373,500 |
Source: Public Records
Agents Affiliated with this Home
-
Tana Stoufer
Seller's Agent in 2025
Tana Stoufer
TRUE REAL ESTATE
(507) 469-9274
74 Total Sales
-
David Stoufer
Seller Co-Listing Agent in 2025
David Stoufer
TRUE REAL ESTATE
(507) 382-0541
38 Total Sales
-
Brittany Krueger
Buyer's Agent in 2025
Brittany Krueger
Edina Realty- Waseca
(651) 358-1648
69 Total Sales
Map
Source: REALTOR® Association of Southern Minnesota
MLS Number: 7037333
APN: R14-05-26-304-012
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