Lori Gustafson

641 Summit Avenue

Balaton, MN
$ 155,000 Beds 2 Baths 1 Sq 1,080
Monthly Estimate* How much can I afford?

Move-in ready and packed with possibilities! This beautifully updated 2 bedroom, 1 bathroom home has been extensively renovated from top to bottom, featuring all new plumbing, electrical, fixtures, doors windows, siding, flooring, sheetrock, water heater complete bathroom renovation and even a new sewer line already in place. The thoughtfully optimized floor plan offers comfortable living with a perfect main floor location for a stackable washer and dryer, plus a bonus room in the 1/4 story that would make a great office, hobby room, guest space, or additional storage area. Outside is where this property really shines- the detached triple stall garage is extra deep and offers incredible flexibility. The oversized third stall features an impressive 12-foot door, making it ideal for campers, boats, trailers, toys or oversized equipment. A steel roof gives you peace of mind for decades to come. Whether you're looking for the perfect owner-occupied setup, extra storage space, or an investment opportunity, this property delivers. Rent the house and each garage stall separately for multiple income streams, or keep part of the garage space for yourself while generating rental income from the rest. Clean, updated, functional, and ready to go- move in and be done!

Single Family

  • Price
  • $ 155,000
  • City
  • Balaton
  • Bedrooms
  • 2
  • Full Bathrooms
  • 1
  • County
  • LYON
  • Half Bathrooms
  • 0
  • Area
  • 5th Railroad Add
  • Lot Size
  • 0.38 Acres
  • Zip
  • 56115
  • Sqr Footage
  • 1,080
  • Year Built
  • 1968
  • Taxes
  • $ 1824
  • Style
  • Single Family
  • MLS#
  • 7075021
Listed By: Edina Realty, Inc.
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 1080
Sewer City Sewer/Connected
Heating Forced Air
Cooling Window Unit(s)
Garage Spaces 3
Year Built 1968
Levels One
Property Subtype Single Family
Tax Year 2025
Accessibility None
County Lyon
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name 5th Railroad Add
Directions From highway 14,head south on 210th Ave,then left on 1st Ave,then south on Summit Ave. House is on the west side of the street
City Balaton
High School District Tracy Area
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 1824
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
PostalCity Balaton

Interior Features

Basement None
Basement (Y/N) No
Fireplace Y/N No
Above Grade Finished Area 1080
3/4 Baths 1
Total Bedrooms 2
Total Baths 1
Fuel Electric
Garage Dimensions 34x42
Garage Square Feet 1324

Exterior Features

Parking Features Detached Garage
Water Source City Water/Connected
Lot Size Area 0.38
Building Area Total 1080
Lot Dimensions 100x165
Waterfront Y/N No
Foundation Area 864

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Faribault, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
Agent Photo

Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

5/18/2026 Listed $165,000
6/14/2026 5% - $158,000
8/20/2026 2% - $155,000

Property vs Zip Code Average in 56115

Price
AVG $250K
$160K
Taxes
AVG $3,365
$1,824
Year Built
AVG 1963
1968
Visits
AVG 402
1087
Data Provided by Inside Real Estate®

Areas That We Cover

641 Summit Avenue Balaton, MN is a Single Family Home for sale at $155000 with 1080 sqft and a lot size of 0.38 Acres Acre(s). 641 Summit Avenue Balaton has 2 bedrooms, 1 baths and was built in 1968. The property's zip code is 56115 which is in Balaton, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Lori Gustafson

Lori Gustafson

Broker Associate/Sales Agent

507-323-4348

By pressing Contact Me, you agree that Weichert® may contact you via phone about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. For any other information please read our Privacy Policy