Lori Gustafson

2051 120th Street

Balaton, MN
$ 319,500 Beds 3 Baths 2 Sq 1,920
Monthly Estimate* How much can I afford?

Secluded, natural habitat w/pine, spruce, ash, honeysuckle, dogwood, native grasses & more. Deer & pheasant populations abundant w/ frequent sightings year around. Home, dog kennel, deer stand, garage, car ports, firewood storage & heated workshop are add'l features of this unique property.Ag land borders to east & west, while water to south ensures year-round active habitat. In the SE corner of this wildlife sanctuary, a year-round home OR your own hunting/vacation lodge! Original dwelling (32x24) includes a den, living, dining, kitchen & bath. The (54x16) new add'n includes primary suite, 2nd full bath, office & laundry room. Enclosed loft accommodates 6 single or 4-5 double beds. Generac back-up generator, wood-burning stove, propane-powered lights, gas & electric hot water heaters & internet provide options for connected living - or simply unhook from the grid. New sub-surface sewage treatment system & Red Rock Rural water service are fully paid. Xcel Energy, 200 AMP service.

Single Family

  • Price
  • $ 319,500
  • City
  • Balaton
  • Bedrooms
  • 3
  • Full Bathrooms
  • 2
  • County
  • LYON
  • Half Bathrooms
  • 0
  • Area
  • Lot Size
  • 11.47 Acres
  • Zip
  • 56115
  • Sqr Footage
  • 1,920
  • Year Built
  • 2014
  • Taxes
  • $ 1188
  • Style
  • Single Family
  • MLS#
  • 7124824
Listed By: Keller Williams Preferred Realty
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 1920
Sewer Septic System Compliant - Yes
Heating Ductless Mini-Split,Radiant,Wood Stove
Cooling Ductless Mini-Split,Window Unit(s)
Roof Metal
Appliances Dryer,Freezer,Fuel Tank - Rented,Microwave,Range,Refrigerator,Washer
Garage Spaces 3
Construction Materials Steel Siding
Year Built 2014
Electric Circuit Breakers
View Lake,South
Topography Meadow,Wooded
Levels One and One Half
Property Subtype Single Family
Tax Year 2025
Waterfront Features Lake View
Accessibility None
Additional Parcels Description 150270024,15027043,15027045
County Lyon
New Construction No
Property Type Residential
HOA No
Contingency None
Other Structures Garage(s),Workshop,Storage Shed
Full Baths 1
Directions From State Hwy 14 at Balaton,south on County 5/Washington Ave 1 mile to 120th Street west (to right). Follow 1/2 mile to posted sign #2051 and FOR SALE sign. Stop at gate
City Balaton
High School District Tracy Area
Zoning Description Agriculture
Lot Size Units Acres
Carport Spaces 2
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 1188
Additional Parcels Y/N Yes
Standard Status Active
Lender Owned No
Farm Type Hobby,Tree
PostalCity Balaton

Interior Features

Basement None
Fireplace Features Stone,Wood Burning
Basement (Y/N) No
Above Grade Finished Area 1920
3/4 Baths 1
Laundry Features Main Level
Total Bedrooms 3
Total Baths 2
Bath Desc Main Floor 3/4 Bath,Main Floor Full Bath
Dining Room Description Breakfast Bar,Informal Dining Room
Fuel Propane,Wood
Garage Dimensions 15x11 23x13 7x13 25x10 26x10 17x 8

Exterior Features

Fencing Wood
Parking Features Attached Garage,Carport,Heated Garage
Lot Features Tree Coverage - Medium
Water Source Rural/Municipality
Lot Size Area 11.47
Building Area Total 2085
Lot Dimensions irregular lot
Waterfront Y/N No
Foundation Area 1632
Road Frontage Type Township,Unpaved Streets
Road Responsibility Public Maintained Road

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
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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

8/10/2026 Listed $319,500

Property vs Zip Code Average in 56115

Price
AVG $240K
$320K
Taxes
AVG $3,365
$1,188
Year Built
AVG 1963
2014
Visits
AVG 405
18
Data Provided by Inside Real Estate®

Areas That We Cover

2051 120th Street Balaton, MN is a Single Family Home for sale at $319500 with 1920 sqft and a lot size of 11.47 Acres Acre(s). 2051 120th Street Balaton has 3 bedrooms, 2 baths and was built in 2014. 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

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