Date
Details
Price
Change
Source
4/14/2026
Listed
$155,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$155,000 Just Listed
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Property Description
Welcome to 401 Lake Ave. S. in Balaton-a very well-maintained 4-bedroom home full of charm and functionality, offered at $155,000. Situated on a desirable corner lot, this property features an oversized two-stall attached garage with an impressive 728 sq ft-perfect for extra storage, hobbies, or workspace-along with a 12x18 shed for added convenience. Inside, you'll appreciate the character throughout, showcasing original baseboard trim that adds timeless character throughout. Recent updates, including a new boiler and new roof, provide peace of mind for years to come. With 4 bedrooms, 1 full bathroom, and a convenient half bath, this home offers a practical layout with plenty of space to fit your needs. Pride of ownership is evident throughout-this is a solid, well-cared-for home ready for its next chapter.
Full Property Details
Full Property Details for 401 Lake Ave S
General
- Price: $155,000
- Taxes: $1,238 (2025)
- Status: Active
- Type: Single Family
- Source: NorthStarMLS_RMLS
- MLS ID: 7042006
- Updated: Today (4/14/2026)
- Added to Site: Today
Interior
- Fireplace(s): Gas
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 1
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: Main Level, Main Level
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Description: 26 x 28
- Garage Spaces: 2
- Parking Features: Attached Garage
Location
- County: Lyon
- Township: Balaton
- Driving Directions: From Hwy 14 head South on Lake Ave. Property will be on West side of road.
School Information
- School District: 1312 - Tracy Area
- High School District: Tracy Area
Heating & Cooling
- Central air: Yes
- Cooling Type: Central Air
- Heating Type: Boiler, Forced Air
- Heating Fuel: Propane
Utilities
- Sewer: City Sewer Connected
- Water: City Water (Connected)
Structural Information
- Basement: Yes
- Basement Desc.: Full, Unfinished
- Foundation Size: 1092
- Roof: Age 8 Years or Less, Asphalt
- Disability Access: None
- Square Feet: 2,184
- Above Ground: 1,092 Sq. Ft.
- Below Ground: 1,092 Sq. Ft.
- Finished Down/Base.: 2,184 Sq. Ft.
- Year Built: 1915
Additional Structures
- Other Structures: Storage Shed
Lot Features
- Lot Size (Acres): 0.082
- Lot Dimensions: 50 x 180
- Frontage: City Street, Curbs, Paved Streets, Sidewalks, Storm Sewer
- Zoning: Residential-Single Family
- Lot Description: Corner Lot
Financial Considerations
- Tax Amount: $1,238
- Tax Year: 2025
Disclosures and Reports
- Legal Description: TRACT BOUN ON NE BY SW LINE LAKE AVE ON SE BY LINE 50' SE FROM SE LINE 4 ST ON SW BY
- Property ID: 211460290
Listed by Edina Realty, Inc.
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Listing agents
— 401 Lake Ave S —
Edina Realty, Inc.
NMLS#: 1598647
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Schools
Schools serving 401 Lake Ave S
School District:Tracy Area Public School District
| Name | Grades | Distance |
|---|---|---|
Tracy Elementary School 700 South 4th Street, Tracy, MN 56175 | PK-6 | 12.3 mi |
Tracy Secondary 934 Pine Street, Tracy, MN 56175 | 7-12 | 11.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 401 Lake Ave S
Tax History
Tax History for 401 Lake Ave S
Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,238
-7%
$86,400
10%
2023
$1,338
15%
$78,400
1%
2022
$1,160
-4%
$77,300
23%
2021
$1,204
—
$63,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 401 Lake Ave S
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401 Lake Avenue S, Balaton, MN 56115 (MLS# 7042006) is a Single Family property with 4 bedrooms, 1 full bathroom and 1 partial bathroom. 401 Lake Avenue S is currently listed for $155,000 and was received on April 14, 2026. Want to learn more about 401 Lake Avenue S? Do you have questions about finding other Single Family real estate for sale in Balaton? You can browse all Balaton real estate or contact a Coldwell Banker agent to request more information.