505 7th Street, Madison Lake, MN 56063
Madison Lake · Blue Earth County
Key Facts
Description
Welcome to Madison Lake! Discover this charming 2-bedroom, 1 1/4-bath home situated on a generous 50' x 142' lot, featuring an impressive oversized 4+ stall garage. The expansive garage offers exceptional versatility—perfect for storage, large gatherings, indoor parking, or hobby, workshop and project space. Creators and DIY enthusiasts will appreciate the thoughtful upgrades, including: 3-wired outlets for welding, mounted heater, cement floor for easy clean up, stereo and speakers are included, 8’ insulated garage door. Ideal for ATVs, lawn equipment, or workshop space. This property provides the space, functionality, and features to fit a variety of lifestyles. Items that stay with the home are Refrigerator, Range/Oven, Microwave, Washer, Dryer, 2-AC Window Units (Livingroom and Upstairs) Schedule your showing today.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Style
(SF) Single Family
Year Built
1890
Stories
1
Living Area
1,082 sq ft
Lot Size
0.16 acres
Lot Dimensions
50 x 142
Garage Spaces
4
Zoning
Residential-Single Family
Days on Market
117
MLS® Listing#
7006052
Property Features
Interior
Appliances
Cooling
Heating
Basement
Parking
Laundry
Patio
Construction
Foundation
Roof
Sewer
Water Source
Financial Details
HOA
None
Annual Taxes
$1,610
Parcel Number
R140534261002
Directions
HWY 60, NORTH ON 7TH ST., MIDDLE OF BLOCK, HOME IS ON THE RIGHT
Affordability Calculator
$36,980
Estimated monthly payment
$984/mo
Principal $147,920 · Est. interest $206,362 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Madison Lake, MN
- $523,099
- Median Listing Price
- 88
- Median Days on Market
- 2,314
- Median Sq Ft
- $233
- Median Price / Sq Ft
- 1,499
- Active Listings
- This home’s price is 65% below the area median.
- Its price per sq ft is 27% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Madison Lake, MN.
Location
Points of Interest in Madison Lake, MN
Showing the Madison Lake area map.
Nearby Schools
All Saints Academy
School · 0.2 mi away
Eagle Lake Elementary School
Elementary · 4.7 mi away
God's Little Angels
School · 7.6 mi away
Prairie Winds Middle School
Secondary · 7.6 mi away
Kennedy Elementary School
Elementary · 7.7 mi away
Mankato East High School
Secondary · 7.9 mi away
Trinity Lutheran School
School · 8.0 mi away
Janesville-Waldorf-Pemberton Sec
Secondary · 8.0 mi away
Loyola Catholic School
School · 8.0 mi away
Cleveland Elementary
Elementary · 8.3 mi away
Cleveland Clippers
School · 8.3 mi away
Cleveland Public School School Garage
School · 8.5 mi away
Washington Elementary
Elementary · 8.6 mi away
St. Clair High School
Secondary · 8.7 mi away
Franklin Elementary School
Elementary · 8.9 mi away
Grace Baptist Church
School · 9.2 mi away
Ive Seminary High School
Secondary · 9.3 mi away
Immanuel Lutheran School
School · 9.3 mi away
Immanuel Lutheran Church-CLC
Elementary · 9.3 mi away
Kato Public Charter School
Secondary · 9.3 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 118 4th Avenue SE, Elbow Lake, MN | $129,900 | 3 | 3 | 1,881 |
| 307 Dove Street, Minnesota Lake, MN | $133,000 | 2 | 2 | 768 |
| 307 Dove Street, Minnesota Lake, MN | $133,000 | 2 | — | 768 |
| 307 Dove Street, Minnesota Lake, MN | $133,000 | 2 | 2 | 768 |
| 25862 124th Avenue, Elbow Lake, MN | $134,900 | 4 | 2 | 1,572 |
| 38549 Arrow Wood Ct, Sturgeon Lake, MN | $135,900 | 2 | 1 | 617 |
Moving Cost Estimate
EXIT Agents in Madison Lake
Listing Courtesy: Home Run Realty - 5073441030
Presented by: Darlene A Vosburg