Lori Gustafson

701 Oak Avenue

Madison Lake, MN
$ 195,000 Beds 3 Baths 2 Sq 1,216
Monthly Estimate* How much can I afford?

Close to Madison Lake, this 3-bedroom, 2-bath home offers 1,216 finished square feet and a practical layout for everyday living. The private primary suite includes its own bath with a separate shower and tub. The kitchen and dining area connect easily to the living spaces, with a separate laundry room nearby. Outside, enjoy the deck, paver patio, storage shed, included hot tub, and wood privacy fence. The insulated and heated detached two-car garage adds year-round parking, storage, or workspace flexibility. The property offers easy access to Madison Lake and is within walking distance of the beach.

Single Family

  • Price
  • $ 195,000
  • City
  • Madison Lake
  • Bedrooms
  • 3
  • Full Bathrooms
  • 2
  • County
  • BLUE EARTH
  • Half Bathrooms
  • 0
  • Area
  • Zuels Sub
  • Lot Size
  • 0.2 Acres
  • Zip
  • 56063
  • Sqr Footage
  • 1,216
  • Year Built
  • 1999
  • Taxes
  • $ 684
  • Style
  • Single Family
  • MLS#
  • 7137676
Listed By: RE/MAX Advantage Plus
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 1216
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Roof Age Over 8 Years
Appliances Dishwasher,Dryer,Gas Water Heater,Microwave,Range,Refrigerator,Washer,Water Softener Owned
Garage Spaces 2
Pool Features None
Year Built 1999
Levels One
Property Subtype Single Family
Tax Year 2026
Accessibility Doors 36 +
County Blue Earth
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Zuels Sub
Full Baths 2
Directions S on Main,R on Walnut,L on Cty Rd 44
City Madison Lake
High School District Mankato
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 684
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
Amenities Unit Ceiling Fan(s),Deck,French Doors,Hot Tub,Kitchen Window,Main Floor Primary Bedroom,Natural Woodwork,Patio,Vaulted Ceiling(s),Washer/Dryer Hookup
PostalCity Madison Lake

Interior Features

Basement None
Basement (Y/N) No
Fireplace Y/N No
Above Grade Finished Area 1216
Total Bedrooms 3
Total Baths 2
Bath Desc Full Primary,Private Primary,Main Floor Full Bath,Separate Tub & Shower,Jetted Tub
Dining Room Description Eat In Kitchen
Foundation Dimensions 76 x 16
Fuel Natural Gas
Garage Dimensions 24 x 22
Garage Square Feet 528

Exterior Features

Fencing Partial,Wood
Parking Features Detached Garage,Gravel,Electric,Garage Door Opener,Heated Garage,Insulated Garage,Storage
Water Source City Water/Connected
Lot Size Area 0.2
Building Area Total 1216
Lot Dimensions 120 x 72
Waterfront Y/N No
Foundation Area 1216
Road Frontage Type City Street

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

9/3/2026 Listed $195,000

Property vs Zip Code Average in 56063

Price
AVG $660K
$200K
Taxes
AVG $5,799
$684
Year Built
AVG 1991
1999
Visits
AVG 320
25
Data Provided by Inside Real Estate®

Areas That We Cover

701 Oak Avenue Madison Lake, MN is a Single Family Home for sale at $195000 with 1216 sqft and a lot size of 0.2 Acres Acre(s). 701 Oak Avenue Madison Lake has 3 bedrooms, 2 baths and was built in 1999. The property's zip code is 56063 which is in Madison Lake, 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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