Lori Gustafson

401 Mill Street

Balsam Lake, WI
$ 235,000 Beds 2 Baths 2 Sq 1,056
Monthly Estimate* How much can I afford?

Inviting 2-Bedroom, 2-Bath Corner Lot Home featuring a heated 2-car Garage with an attached Workshop and a bonus Bunk House for extra guests or storage flexibility! The Main Level offers easy living with vinyl plank flooring throughout and convenient main-floor Laundry. Enjoy outdoor relaxation on the back Patio and Deck with beautiful lake views! Located just steps from the community dock and only one block from the boat launch & beach, this property is ideal for lake life! Walk to nearby amenities including multiple Bar & Grills, Balsam Lake Brewery & Ice Cream Shop, making this an inviting year-round home or getaway!!

Single Family

  • Price
  • $ 235,000
  • City
  • Balsam Lake
  • Bedrooms
  • 2
  • Full Bathrooms
  • 2
  • County
  • POLK
  • Half Bathrooms
  • 0
  • Area
  • Original V Balsam Lake
  • Lot Size
  • 0.23 Acres
  • Zip
  • 54810
  • Sqr Footage
  • 1,056
  • Year Built
  • 1980
  • Taxes
  • $ 2039
  • Style
  • Single Family
  • MLS#
  • 7148976
Listed By: RE/MAX Results
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 1056
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Roof Age 8 Years or Less,Asphalt
Appliances Microwave,Range,Refrigerator
Garage Spaces 2
Construction Materials Frame
Year Built 1980
Electric Circuit Breakers
View Lake
Levels One
Property Subtype Single Family
Tax Year 2025
Waterfront Features Lake View
Accessibility None
County Polk
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Original V Balsam Lake
Other Structures Bunk House,Workshop,Storage Shed
Full Baths 1
Directions From Hwy 8,go North on 120th St,turn Left onto Cty Rd I/170th Ave,turn Left onto Mill St,property is on the corner of Mill St & 2nd Ave E
City Balsam Lake
High School District Unity
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 2039
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
Amenities Unit Ceiling Fan(s),Deck,Natural Woodwork
PostalCity Balsam Lake

Interior Features

Basement Block,Crawl Space,Partial
Basement (Y/N) Yes
Fireplace Y/N No
Above Grade Finished Area 916
3/4 Baths 1
Laundry Features Main Level
Total Bedrooms 2
Below Grade Finished Area 140
Total Baths 2
Bath Desc 3/4 Basement,Main Floor Full Bath
Dining Room Description Eat In Kitchen
Foundation Dimensions 22x40
Fuel Natural Gas
Garage Dimensions 48x24
Garage Door Width 8
Garage Square Feet 1152

Exterior Features

Parking Features Detached Garage,Heated Garage,Insulated Garage
Lot Features Corner Lot,Tree Coverage - Light
Water Source City Water/Connected
Lot Size Area 0.23
Building Area Total 1796
Lot Dimensions 100x100
Waterfront Y/N No
Foundation Area 880
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

9/23/2026 Listed $235,000

Property vs Zip Code Average in 54810

Price
AVG $290K
$240K
Taxes
AVG $2,296
$2,039
Year Built
AVG 2004
1980
Visits
AVG 2
2
Data Provided by Inside Real Estate®

Areas That We Cover

401 Mill Street Balsam Lake, WI is a Single Family Home for sale at $235000 with 1056 sqft and a lot size of 0.23 Acres Acre(s). 401 Mill Street Balsam Lake has 2 bedrooms, 2 baths and was built in 1980. The property's zip code is 54810 which is in Balsam Lake, WI

*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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