NOT LISTED FOR SALE

91 Balsam Ln Madison Lake, MN 56063

Estimated Value: $50,000 - $372,000

0.34 Acre
$823,129 Price per Acre
14,810 Sq Ft Lot

Last Sold May 31, 2023

Last sale price $40,000

Est. 600% increase in value since last sale

Current estimated payment $1,566/month

19 Days on Market

About This Lot

As of May 2023

Welcome to Madison Lake! What does Madison Lake have to offer? 1- Three area lakes. 2- Two area restaurants with one of them being on the lake. 3- Pizza place with delivery. 4- State DNR trail going right through the city for biking and walking pleasures. 5- Car repair shops and boat sales. Now about the lot- a nice flat lot with tar road, curb/gutter, and storm sewer in a development off the main highway so no heavy traffic at all. Golf carts and 4-wheelers welcome! Agent is owner.

Last Agent to Sell the Property

Dan Terrell

RE/MAX DYNAMIC AGENTS Listed on: 03/31/2023

RE/MAX DYNAMIC AGENTS

Co-Listed By

Dennis Terrell

RE/MAX DYNAMIC AGENTS License #20370666

Last Buyer's Agent

Katyana Miller

Miller Real Estate License #40374136

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $550

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 90 x 164
  • Level Lot
  • Finished Lot(s)

Utilities

  • Underground Utilities
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number R140526304022

Property Details

Property Type

Land

Est. Annual Taxes

$550

Lot Details

0

Listing Details

  • Class: Lot/Land
  • Classification: Lot
  • Sub Type: Residential
  • L V T Date: 03/31/2023
  • Parcel Number: R140526304022
  • Street Designation: Lane
  • Taxes With Assessments: 550
  • Estimated Number of Acres: 0.34
  • Additional Information: Platted
  • Development: Yes
  • Development Status: Finished Lot
  • Land Improvements: Curbs/Gutters, Paved, Street Lights
  • Plat Recorded: Yes
  • Topography: Level
  • Special Features: None
  • Property Sub Type: LotsLands

Utilities

  • Available Utilities: Cable Tv, City Water, City Sewer, Electric, Natural Gas, Storm Sewer, Telephone, City Garbage
  • On Site Utilities: City Water, City Sewer, Electric, Natural Gas, Telephone

Lot Info

  • Lot/Land Description: Paved Streets, Telephone, Underground Utilities
  • Estimated Lot Dimensions: 90 x 164

Tax Info

  • Year: 2022
  • Tax Value: 550

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 28, 2025
Sold by
Miller Homes Llc
Bought by
Schumann Lee and Sandt Cheryl
Current Estimated Value
$279,864

Purchase Details

Listed on
Mar 31, 2023
Closed on
May 31, 2023
Sold by
Dtre Llc
Bought by
Miller Homes Llc
Seller's Agent
Dan Terrell
RE/MAX DYNAMIC AGENTS
Buyer's Agent
Katyana Miller
Miller Real Estate
List Price
$45,000
Sold Price
$40,000
Premium/Discount to List
-$5,000
-11.11%
Views
8

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
99.92%
Original Mortgage
$288,000
Interest Rate
6.39%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Schumann Lee $327,400 None Listed On Document
Miller Homes Llc $360,000 --
-- $294,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Miller Homes Llc $288,000
Closed -- $235,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2023 05/31/23 Sold $40,000 -11.1% --
04/19/2023 04/19/23 Pending -- -- --
03/31/2023 03/31/23 For Sale $45,000 +53.1% --
12/31/2020 12/31/20 Sold $29,400 -9.8% --
12/04/2020 12/04/20 Pending -- -- --
07/16/2020 07/16/20 For Sale $32,600 +10.9% --
07/11/2020 07/11/20 Off Market $29,400 -- --
07/10/2019 07/10/19 For Sale $32,600 -- --
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 $496 $287,600 $33,000 $254,600
2024 $496 $29,700 $29,700 $0
2023 $532 $29,700 $29,700 $0
2022 $550 $29,700 $29,700 $0
2021 $518 $29,700 $29,700 $0
2020 $502 $29,700 $29,700 $0
2019 $388 $29,700 $29,700 $0
2018 $376 $27,600 $27,600 $0
2017 $364 $27,600 $27,600 $0
2016 $356 $27,600 $27,600 $0
2015 $4 $27,600 $27,600 $0
2014 $330 $82,800 $82,800 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2023

    Dan Terrell

    RE/MAX

    Section Image
  • Dennis Terrell

    Seller Co-Listing Agent in 2023

    Dennis Terrell

    RE/MAX

    (507) 340-4562

    175 Total Sales

    Dennis Terrell
    Section Image
  • Katyana Miller

    Buyer's Agent in 2023

    Katyana Miller

    Miller Real Estate

    (651) 755-2138

    348 Total Sales

    Katyana Miller
    Section Image
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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7031935

REALTOR® Association of Southern Minnesota

APN: R14-05-26-304-022

Minnesota Blue Earth County Madison Lake 56063

91 Balsam Ln, Madison Lake, MN

This home is located at 91 Balsam Ln, Madison Lake, MN 56063 since 31 March 2023 and is currently estimated at $279,864. 91 Balsam Ln is a home located in Blue Earth County with nearby schools including Eagle Lake Elementary School, Prairie Winds Middle School, and Mankato East Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

REALTOR® Association of Southern Minnesota IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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