Here is the home you’ve been searching for—an affordable 4-bedroom, 2-bath property with stunning lake views! Step inside to discover a spacious living room, a formal dining area, and a huge kitchen that make entertaining a breeze. The main level offers convenient laundry and a bedroom, while upstairs you’ll find three generously sized bedrooms and plenty of storage space. This home is full of character and charm, offering comfort and versatility. Enjoy outdoor living with a large yard, metal siding, an expansive deck, a patio, and picturesque views of the lake. The fantastic location puts you just 18 minutes from Mankato, with easy access to restaurants, parks, schools, and a wealth of nearby lakes. Don’t let this opportunity pass you by—schedule your showing today!
Active
Price cut: $5K (10/6)
$219,900
509 Walnut Ave, Madison Lake, MN 56063
4beds
2,820sqft
Est.:
Single Family Residence
Built in 1890
0.41 Acres Lot
$214,100 Zestimate®
$78/sqft
$-- HOA
What's special
Large yardStunning lake viewsFormal dining areaHuge kitchenGenerously sized bedroomsExpansive deckPlenty of storage space
- 84 days |
- 560 |
- 26 |
Zillow last checked: 8 hours ago
Listing updated: September 18, 2025 at 02:00pm
Listed by:
Jake Piller,
Weichert REALTORS Heartland
Source: RASM,MLS#: 7038630
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Bedroom
- Level: Main
- Area: 144
- Dimensions: 12 x 12
Bedroom 1
- Level: Upper
- Area: 182
- Dimensions: 13 x 14
Bedroom 2
- Level: Upper
- Area: 135
- Dimensions: 9 x 15
Bedroom 3
- Level: Upper
- Area: 210
- Dimensions: 14 x 15
Dining room
- Features: Formal Dining Room
- Level: Main
- Area: 208
- Dimensions: 16 x 13
Kitchen
- Level: Main
- Area: 195
- Dimensions: 13 x 15
Living room
- Level: Main
- Area: 210
- Dimensions: 15 x 14
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Cooktop, Dishwasher, Dryer, Microwave, Refrigerator, Washer
Features
- Bath Description: Main Floor Full Bath, Upper Level Bath
- Basement: Unfinished,Block,Full
Interior area
- Total structure area: 1,940
- Total interior livable area: 2,820 sqft
- Finished area above ground: 1,940
- Finished area below ground: 0
Property
Parking
- Parking features: Detached
- Has garage: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck, Porch
Lot
- Size: 0.41 Acres
- Dimensions: 125 x 132
- Features: Few Trees
Details
- Foundation area: 880
- Parcel number: R140534403002
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Block, Metal Siding
- Roof: Asphalt
Condition
- Previously Owned
- New construction: No
- Year built: 1890
Utilities & green energy
- Sewer: City
- Water: Public
Community & HOA
Location
- Region: Madison Lake
Financial & listing details
- Price per square foot: $78/sqft
- Tax assessed value: $177,100
- Annual tax amount: $2,045
- Date on market: 9/18/2025
- Listing terms: Cash,Conventional,DVA,FHA,Rural Development
Estimated market value
$214,100
$203,000 - $225,000
$2,199/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 10/6/2025 | Price change | $214,900-2.3%$76/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6788215 Report a problem | ||
| 9/16/2025 | Listed for sale | $219,900+87.1%$78/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6788215 Report a problem | ||
| 11/15/2016 | Listing removed | $117,500$42/sqft |
Source: WEICHERT REALTORS, COMMUNITY GROUP #7011552 Report a problem | ||
| 9/27/2016 | Price change | $117,500-2.1%$42/sqft |
Source: WEICHERT REALTORS, COMMUNITY GROUP #7011552 Report a problem | ||
| 9/13/2016 | Price change | $120,000-3.6%$43/sqft |
Source: WEICHERT REALTORS, COMMUNITY GROUP #7011552 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,358 +5.6% | $177,100 +5.5% |
| 2023 | $2,232 +36.1% | $167,900 +11.4% |
| 2022 | $1,640 +4.3% | $150,700 +16.4% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,110/mo
Principal & interest
$853
Property taxes
$180
Home insurance
$77
Climate risks
Neighborhood: 56063
Nearby schools
GreatSchools rating
- 8/10Eagle Lake Elementary SchoolGrades: K-5Distance: 4.5 mi
- 5/10Prairie Winds Middle SchoolGrades: 6-8Distance: 8.3 mi
- 6/10Mankato East Senior High SchoolGrades: 9-12Distance: 7.9 mi
Schools provided by the listing agent
- District: Mankato #77
Source: RASM. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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