Seller's Agent in 2023
Scott Borgmeier
BorgsHomes Realty
(507) 257-2200
184 Total Sales
61327 235th St Madison Lake, MN 56063
Estimated Value: $268,000 - $337,000
2
Beds
1
Bath
1,041
Sq Ft
$294/Sq Ft
Est. Value
Highlights
- 101 Feet of Waterfront
- Beach Access
- Open Floorplan
- Docks
- Sandy Beach
- Deck
About This Home
As of July 2023Completely updated lake cabin on a level lot on beautiful Lake Ballantyne. This two bedroom open concept cabin has a 3/4 bath and Laundry. Great lake views from inside as well as the front deck which is just steps from the lake and the private dock. New steel siding and windows in past couple of years. Appliances are included. Shared well. Sewer installed in approx. 2014-2015. New mini split just installed for heating and cooling. Lake front has landscaped rocks to protect the shoreline and a nice sandy bottom by the dock. Just minutes from Mankato on a blacktop road. Property is located on North Shore of Lake Ballantyne.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,334
Year Built
- Built in 1940
Lot Details
- 0.27 Acre Lot
- Lot Dimensions are 100x90
- 101 Feet of Waterfront
- Lake Front
- Property fronts a county road
- Sandy Beach
- Landscaped with Trees
Parking
- Driveway
Home Design
- Cabin
- Frame Construction
- Asphalt Shingled Roof
- Metal Siding
Interior Spaces
- 1,041 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Ceiling Fan
- Dining Room
- Crawl Space
- Dryer
Kitchen
- Eat-In Kitchen
- Range
Bedrooms and Bathrooms
- 2 Bedrooms
- Bathroom on Main Level
- 1 Bathroom
Outdoor Features
- Beach Access
- Docks
- Deck
- Storage Shed
Utilities
- Space Heater
- Baseboard Heating
- Electric Water Heater
- High Speed Internet
Listing and Financial Details
- Assessor Parcel Number R37.05.28.401.014
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 9, 2023
Closed on
May 23, 2023
Sold by
Larson Christopher
Bought by
Rumpza Bruce and Rumpza Diane
Seller's Agent
Scott Borgmeier
BorgsHomes Realty
Buyer's Agent
Scott Borgmeier
BorgsHomes Realty
List Price
$319,900
Sold Price
$300,000
Premium/Discount to List
-$19,900
-6.22%
Total Days on Market
2
Views
35
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
$6,507
Avg. Annual Appreciation
1.23%
Purchase Details
Listed on
Oct 27, 2021
Closed on
May 16, 2022
Sold by
George John and George Lisa
Bought by
Larson Christopher
Seller's Agent
Dick Norland
MIDWEST REALTY
Buyer's Agent
Scott Borgmeier
BorgsHomes Realty
List Price
$235,000
Sold Price
$200,000
Premium/Discount to List
-$35,000
-14.89%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
41.42%
Original Mortgage
$160,000
Interest Rate
4.67%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 12, 2018
Sold by
George Marilyn L
Bought by
George John C and George Lisa
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
4.6%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 3, 2013
Sold by
Peterson Cynthia Ann and Wandersee Theresa Jo
Bought by
George John C and George Marliyn L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,000
Interest Rate
3.38%
Mortgage Type
New Conventional
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 |
|---|---|---|---|
| Rumpza Bruce | $300,000 | -- | |
| Larson Christopher | $200,000 | -- | |
| George John C | -- | None Available | |
| George John C | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Larson Christopher | $160,000 | |
| Previous Owner | George John C | $40,000 | |
| Previous Owner | George John C | $47,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/17/2023 07/17/23 | Sold | $300,000 | -6.2% | $288 / Sq Ft |
| 05/11/2023 05/11/23 | Pending | -- | -- | -- |
| 05/09/2023 05/09/23 | For Sale | $319,900 | +60.0% | $307 / Sq Ft |
| 05/16/2022 05/16/22 | Sold | $200,000 | -14.9% | $192 / Sq Ft |
| 03/19/2022 03/19/22 | Pending | -- | -- | -- |
| 10/27/2021 10/27/21 | For Sale | $235,000 | -- | $226 / 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 |
|---|---|---|---|---|
| 2024 | $3,682 | $212,300 | $78,700 | $133,600 |
| 2023 | $3,482 | $199,300 | $64,600 | $134,700 |
| 2022 | $3,354 | $171,200 | $64,600 | $106,600 |
| 2021 | $3,394 | $134,400 | $64,600 | $69,800 |
| 2020 | $3,448 | $126,800 | $64,600 | $62,200 |
| 2019 | $3,438 | $126,800 | $64,600 | $62,200 |
| 2018 | $3,158 | $121,000 | $64,600 | $56,400 |
| 2017 | $3,140 | $117,900 | $64,600 | $53,300 |
| 2016 | $3,180 | $109,900 | $64,600 | $45,300 |
| 2015 | $33 | $107,300 | $64,600 | $42,700 |
| 2014 | $832 | $108,900 | $64,600 | $44,300 |
Source: Public Records
Agents Affiliated with this Home
-
Scott Borgmeier
-
Jerry Lynch
Seller Co-Listing Agent in 2023
Jerry Lynch
BorgsHomes Realty
(952) 240-2437
69 Total Sales
-
Dick Norland
D
Seller's Agent in 2022
Dick Norland
MIDWEST REALTY
(507) 625-6060
95 Total Sales
Map
Similar Homes in Madison Lake, MN
Source: REALTOR® Association of Southern Minnesota
MLS Number: 7032281
APN: R37-05-28-401-014
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