NOT LISTED FOR SALE

79 Balsam Ln Madison Lake, MN 56063

Estimated Value: $379,000 - $472,000

3 Beds
3.5 Baths
1,477 Sq Ft
$294/Sq Ft Est. Value

Last Sold December 06, 2019

Last sale price $325,000 $220 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $2,836/month

138 Days on Market

Highlights

  • New Construction
  • Open Floorplan
  • Ranch Style House
  • Eagle Lake Elementary School Rated A-
  • Vaulted Ceiling
  • 3 Car Attached Garage

About This Home

As of December 2019

Sellers are offering a $3500.00 towards closing costs for a limited time. This new construction home has 3 Bedrooms and 3 Bathrooms on the main level and a large 3 stall garage. Walk through the garage into the mud room where you will find a coat closet and your a main floor laundry room, with an additional half bath. From the mud room you will enter into the open concept kitchen, flowing into the dining and living space, with vaulted ceilings. Sliding glass doors to a future deck. The Master bedroom has it's own bathroom with tiled walk in shower and large walk-in-closet. Additionally, a full bath is conveniently located on the main floor near the other bedrooms. The basement already has the electrical and rough plumbing done and is framed for two additional bedrooms, a bathroom and with a second living space. If the Buyers prefer the basement finished the price would be $364,500.00.

Last Agent to Sell the Property

Richard Draheim

WEICHERT REALTORS, COMMUNITY GROUP Listed on: 06/12/2019

WEICHERT REALTORS, COMMUNITY GROUP

Last Buyer's Agent

Candee Deichman

CENTURY 21 ATWOOD License #40383097

CENTURY 21 ATWOOD

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,642

Year Built

  • 2019

Lot Details

  • 0.4 Acre Lot
  • Lot Dimensions are 195 x 90

Home Design

  • Ranch Style House
  • Frame Construction
  • Asphalt Shingled Roof
  • Steel Siding
  • Stone Exterior Construction

Interior Spaces

  • 1,477 Sq Ft Home
  • Open Floorplan
  • Vaulted Ceiling
  • Ceiling Fan
  • Tile Flooring
  • Washer and Dryer Hookup

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Bathroom on Main Level

Unfinished 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

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Assessor Parcel Number R14.05.26.304.020

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,642

Year Built

2019

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Classification: NonHomestead
  • Style: Ranch/Rambler (L)
  • Amenities: Ceiling Fans, Garage Door Opener, Home Warranty, Tiled Floors, Vaulted Ceilings, Walk-In Closet, Washer/Dryer Hookups, Smoke Alarms (L), CO Detectors (L)
  • Amenities Exterior: Driveway - Concrete
  • Estimated Number of Acres: 0.4
  • Construction: Completed New Construction
  • Foundation Size: 1477
  • L V T Date: 06/12/2019
  • Mechanicals: Water Heater-Gas, Sump Pump, Circuit Breaker
  • Parcel Number: R14.05.26.304.020
  • Price Per Square Foot: 113
  • Projected Closed Date: 12/12/2019
  • Sold Price Per Sq Ft: 110
  • Stories: 1 Story
  • Street Designation: Lane
  • Taxes With Assessments: 420
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Year Built: 2019

Interior Features

  • Dining Room: Open Floor Plan
  • Appliances: Dishwasher, Range/Stove, Refrigerator
  • Total Bedrooms: 3
  • Bathroom Description: Full Basement, Main Floor 1/2 Bath, Main Floor Full Bath, Private Master
  • Total Bathrooms: 4
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bathrooms: 4
  • Room 1: Master Bedroom, 13x14, On Level: Main
  • Room 2: Bedroom, 12x11, On Level: Main
  • Room 3: Bedroom, 10x13, On Level: Main
  • Room 4: Bathroom, 9x9, On Level: Main
  • Room 5: Bathroom, 9x5, On Level: Main
  • Room 6: Living Room, 15x17, On Level: Main
  • Room 7: 10x13, On Level: Main
  • Room 8: Kitchen, 13x10, On Level: Main
  • Room 9: Laundry Room, 6x9, On Level: Main
  • Room 10: Mud Room, 7x9, On Level: Main
  • Room 11: Bedroom, On Level: Lower
  • Room 12: Bedroom, On Level: Lower
  • Room 13: Family Room, On Level: Lower
  • Room 14: Bathroom, On Level: Lower
  • Basement Features: Egress Windows, Sump Pump, Unfinished
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 1477
  • Tot Above Grade Sq Ft: 1477
  • Total Fin Square Footage: 1477
  • Total Square Footage: 2954
  • Tot Below Grade Sq Ft: 1477

Exterior Features

  • Frontage Road: Paved
  • Construction Type: Frame/Wood
  • Exterior: Steel, Stone
  • Roof: Asphalt Shingles

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 3
  • Garage Square Footage: 807

Utilities

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

Schools

  • School District: Mankato #77
  • Mankato Schools: Mankato East, Eagle Lake Elementary, Prairie Winds Middle

Lot Info

  • Estimated Lot Dimensions: 195 X 90
  • Lot/Land Description: Paved Streets

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2019
Closed on
Dec 6, 2019
Sold by
Rome Reichel Construction Inc
Bought by
Kubesh Stacy M and Boyle Justin
Seller's Agent
Richard Draheim
WEICHERT REALTORS, COMMUNITY GROUP
Buyer's Agent
Candee Deichman
CENTURY 21 ATWOOD
List Price
$364,500
Sold Price
$325,000
Premium/Discount to List
-$39,500
-10.84%
Current Estimated Value
$434,240

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,240
Avg. Annual Appreciation
6.30%
Original Mortgage
$319,113
Outstanding Balance
$283,944
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$176,905

Purchase Details

Listed on
May 20, 2016
Closed on
Apr 26, 2017
Sold by
Mesenbrink Construction & Engineering
Bought by
Rome Reichel Construction Inc
Seller's Agent
Dennis Terrell
RE/MAX DYNAMIC AGENTS
Buyer's Agent
Scott Borgmeier
BorgsHomes Realty
List Price
$28,800
Sold Price
$28,800

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
153.08%
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
Kubesh Stacy M $325,000 Stewart Title
Rome Reichel Construction Inc $56,800 Title Resources
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Boyle Justin $25,000
Open Kubesh Stacy M $319,113
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/06/2019 12/06/19 Sold $325,000 -3.0% $220 / Sq Ft
10/09/2019 10/09/19 Price Changed $334,999 -1.2% $227 / Sq Ft
09/14/2019 09/14/19 Price Changed $338,995 -0.1% $230 / Sq Ft
08/28/2019 08/28/19 Price Changed $339,495 0.0% $230 / Sq Ft
08/13/2019 08/13/19 Price Changed $339,499 0.0% $230 / Sq Ft
06/18/2019 06/18/19 Price Changed $339,500 -6.9% $230 / Sq Ft
06/12/2019 06/12/19 For Sale $364,500 +1165.6% $247 / Sq Ft
04/28/2017 04/28/17 Sold $28,800 0.0% --
04/02/2017 04/02/17 Pending -- -- --
05/20/2016 05/20/16 For Sale $28,800 -- --
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 $5,642 $485,600 $36,900 $448,700
2024 $5,642 $419,700 $36,700 $383,000
2023 $4,298 $338,800 $36,700 $302,100
2022 $3,752 $300,600 $36,700 $263,900
2021 $3,590 $258,600 $36,700 $221,900
2020 $1,510 $107,300 $36,700 $70,600
2019 $432 $107,300 $36,700 $70,600
2018 $420 $30,800 $30,800 $0
2017 $406 $30,800 $30,800 $0
2016 $396 $30,800 $30,800 $0
2015 $4 $30,800 $30,800 $0
2014 $384 $92,400 $92,400 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7021199

REALTOR® Association of Southern Minnesota

APN: R14-05-26-304-020