$199,900
509 Walnut Avenue Madison Lake, MN 56063
For Sale MLS# 7039487
4 beds 2 baths 1,940 sq ft Single Family
Details for 509 Walnut Avenue
MLS# 7039487
Description for 509 Walnut Avenue, Madison Lake, MN, 56063
If you’ve been dreaming of small town living with lake views and easy access to Mankato, this Madison Lake home is full of opportunity. Located within walking distance to Madison Lake, The Landing, and convenient local stores, you’ll love the charm of this community and the lifestyle it offers. Morning walks to the lake, dinner down the street, and a quick commute to Mankato make this location hard to beat. Inside, the home is ready for someone to bring their vision and build sweat equity. The main floor features a spacious living room, dining area, office, and kitchen with access to a concrete patio. You’ll also appreciate the convenience of main floor laundry with access to the back deck, where you can relax and take in views of Madison Lake overlooking the nearly half acre lot. A full bathroom completes the main level. Upstairs offers three bedrooms and another full bathroom, providing great separation of space. The basement houses the mechanicals and offers additional storage space. Outside, the almost half acre lot gives you room to garden, play, or simply enjoy the peaceful setting. A one stall detached garage adds extra storage and functionality. If you’re looking for an affordable way to get into a great location and make a home your own, this property is packed with potential and ready for its next chapter.
Listing Information
Property Type: Residential, Single Family, SF Single Family
Status: Active
Bedrooms: 4
Bathrooms: 2
Lot Size: 0.41 Acres
Square Feet: 1,940 sq ft
Year Built: 1890
Foundation: 880 sq ft
Garage: Yes
Stories: 2 Story
Construction: Concrete Block
County: Blue Earth
Days On Market: 22
Construction Status: Previously Owned
School Information
District: Mankato #77
Room Information
Main Floor
Living Room: 15x14
Porch: 5x9
Kitchen: 13x15
Dining Room: 16x13
Bedroom: 12x12
Laundry Room: 11x14
Deck: 28x10
Upper Floor
Bedroom: 13x14
Bedroom: 9x15
Primary Bedroom: 14x15
Bathrooms
Full Baths: 2
Additonal Room Information
Dining: Formal Dining Room
Bath Description: Main Floor Full Bath,Upper Level Bath
Interior Features
Square Footage above: 1,940 sq ft
Appliances: Washer, Microwave, Range/Stove, Refrigerator, Dishwasher, Dryer
Basement: Unfinished, Concrete Block, Full
Additional Interior Features: Mechanicals - None
Utilities
Water: City
Sewer: City
Cooling: Central
Heating: Natural Gas, Forced Air
Exterior / Lot Features
Garage Spaces: 1
Parking Description: Detached, Garage Dimensions - 14x20, Garage Sq Ft - 280
Exterior: Metal
Roof: Asphalt Shingles
Lot Dimensions: 125 x 132
Additional Exterior/Lot Features: Deck, Porch, Tree Coverage - Light, Road Frontage - Highway
Financial Considerations
Terms: Cash,Conventional,DVA,FHA,Rural Development
Tax/Property ID: R14.05.34.403.002
Tax Amount: 2045
Tax Year: 2025
A broker reciprocity listing courtesy: AMERICAN WAY REALTY
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the REALTOR® Association of So MN Multiple Listing Service. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the REALTOR® Association of So MN Multiple Listing Service. IDX information is provided exclusively 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. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 509 Walnut Avenue
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 509 Walnut Avenue
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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