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$214,900

  • For Sale
  • Active
  • Single Family
  • 2 Beds
  • 1 Full Bath
  • 1 Partial Bath
  • 920 Sq. Ft.
  • 4 Car Garage
  • Updated 7 days ago
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Welcome to Madison Lake! Discover this charming 2-bedroom, 1 1/4-bath home situated on a generous 50' x 142' lot, featuring an impressive oversized 4+ stall garage. The expansive garage offers exceptional versatility-perfect for storage, large gatherings, indoor parking, or hobby, workshop and project space. Creators and DIY enthusiasts will appreciate the thoughtful upgrades, including: 3-wired outlets for welding, mounted heater, cement floor for easy clean up, stereo and speakers are included, 8' insulated garage door. Ideal for ATVs, lawn equipment, or workshop space. This property provides the space, functionality, and features to fit a variety of lifestyles. Items that stay with the home are Refrigerator, Range/Oven, Microwave, Washer, Dryer, 2-AC Window Units (Livingroom and Upstairs) Schedule your showing today.

Full Property Details for 505 7th St

General

  • Price: $214,900
  • Taxes: $1,590 (2025)
  • Status: Active
  • Type: Single Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7006052
  • Updated: 1/8/2026
  • Added to Site: 8 day(s) ago

Interior

  • Appliances: Dryer, Microwave, Range, Refrigerator, Washer

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • 1/4 Bathrooms: 1

Bedrooms

  • Total Bedrooms: 2

Additional Information

  • Amenities: Ceiling Fan(s), Patio, Washer/Dryer Hookup

Exterior

  • Porch/Patio/Deck: Patio

Parking

  • Garage: Yes
  • Garage Description: 28 x 28
  • Garage Spaces: 4
  • Parking Features: Detached Garage, Concrete, Finished Garage, Garage Door Opener, Heated Garage, Insulated Garage, RV Access/Parking

Location

  • County: Blue Earth
  • Township: Madison Lake
  • Subdivision: Madison Lake
  • Driving Directions: HWY 60, NORTH ON 7TH ST., MIDDLE OF BLOCK, HOME IS ON THE RIGHT

School Information

  • School District: 2262 - Mankato
  • High School District: Mankato

Heating & Cooling

  • Cooling Type: Window Unit(s)
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)

Structural Information

  • Exterior Const.: Post and Beam, Frame
  • Basement: Yes
  • Basement Desc.: Partial
  • Foundation Size: 320
  • Roof: Asphalt
  • Disability Access: None
  • Square Feet: 920
  • Above Ground: 882 Sq. Ft.
  • Below Ground: 200 Sq. Ft.
  • Year Built: 1890

Additional Structures

  • Other Structures: Storage Shed

Lot Features

  • Lot Size (Acres): 0.163
  • Lot Dimensions: 50 x 142
  • Frontage: City Street
  • Zoning: Residential-Single Family

Financial Considerations

  • Tax Amount: $1,590
  • Tax Year: 2025
  • Terms: Conventional, VA, FHA, Cash, Rural Development

Disclosures and Reports

  • Legal Description: MADISON LAKE TOWNSITE 017 019 00
  • Property ID: R140534261002

Listed by Home Run Realty

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— 505 7th St —

  • Home Run Realty

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 505 7th St

School District:Mankato Public School District
NameGradesDistance
Eagle Lake Elementary School
500 Le Sueur Avenue, Eagle Lake, MN 56024
K-54.5 mi
Prairie Winds Middle School
1200 Prairie Winds Drive, Mankato, MN 56001
6-88.3 mi
Mankato East Senior High School
2600 Hoffman Road, Mankato, MN 56001
9-127.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 505 7th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/07/2026
Listed
$214,900
168.62%
MLS
4/12/2013
Sold
$80,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 505 7th St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,610
6%
$187,800
28%
2024
$1,522
45%
$146,300
54%
2021
$1,050
-25%
$94,800
-28%
2023
$1,396
—
$132,200
13%
2023
$1,396
55%
$117,400
32%
2020
$902
5%
$88,700
4%
2019
$858
2%
$85,200
—
2018
$840
16%
$85,200
7%
2017
$724
—
$79,800
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Home Run Realty

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505 7th Street, Madison Lake, MN 56063 (MLS# 7006052) is a Single Family property with 2 bedrooms, 1 full bathroom and 1 partial bathroom. 505 7th Street is currently listed for $214,900 and was received on January 07, 2026. Want to learn more about 505 7th Street? Do you have questions about finding other Single Family real estate for sale in Madison Lake? You can browse all Madison Lake real estate or contact a Coldwell Banker agent to request more information.

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