401 Lake Ave

2,184 Sq. Ft.
$71 / Sq. Ft.
2,184
Sq. Ft.
$71
per Sq. Ft.

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...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.
  1. Listed by Edina Realty, Inc.
  2. Listed by Edina Realty, Inc.

Property Details for 401 Lake Avenue

Zoning Jurisdiction
Residential-Single Family
LISTING UPDATED: 04/21/2026 09:13 AM

Property Details for 401 Lake Avenue

StatusActive Under Contract
MLS #7042006
Days on Compass1
Taxes$1,238 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential / Single Family
Year Built1915
Lot Size0.08 AC / 3,571 SF
CountyLyon County

Location

Listing Courtesy of Edina Realty, Inc.
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Building Information for 401 Lake Avenue

Stories-Year Built1915Building Size-Lot Size0.08 AC / 3,571 SF

Payment Calculator

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OriginPoint Mortgage or Rocket Mortgage1

$884 per month

30 year fixed, 6.46% Interest

Principal and Interest

$781

Property Taxes

$103

HOA Dues

$0

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Property Information for 401 Lake Avenue

Summary
Location and General Information
  • City Name: Balaton
  • County Or Parish: Lyon
  • County: Lyon-MN
  • Directions: From Hwy 14 head South on Lake Ave. Property will be on West side of road.
  • Latitude: 44.232742
  • Longitude: -95.870407
  • Map Coordinate: 999-A1
  • City and Location: Balaton
  • City and Location Text: Balaton(MN)
  • Postal Code: 56115
  • State Or Province: MN
  • Public Survey Township: 109
Taxes and HOA Information
  • Additional Parcels: No
  • Association Fee: $.00
  • Association: No
  • Parcel Number: 211460290
  • Tax Annual Amount: $1,238.00
  • Tax 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
  • Tax Other Annual Assessment Amount: $.00
  • Tax Year: 2025
  • Tax With Assessments: 1238
School Information
  • High School District: 2904 - Tracy Area
  • School District Number: 2904
  • School District Phone: 5076295500
Property
Lot Information
  • Above Grade Fin SQFT: 1092.0
  • Below Grade Fin SQFT: 1092.0
  • SQFT Total: 2184.0
  • Living Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Area: 0.082
  • Lot Size Dimensions: 50X180
  • Lot Size Units: Acres
  • Other Structures: Storage Shed
  • Present Use: Yearly
  • Property Attached: No
  • Property Sub Type: Single Family
  • Property Type: Residential
  • SQFT Main Total: 1540
  • Building Area Total: 2184.0
  • Above Grade SqFt Total: 1092
  • Below Grade SqFt Total: 1092
Utilities
  • Sewer: City Sewer/Connected
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: None
  • Foundation Area: 1092.0
  • Fuel: Propane
  • Road Frontage Type: City Street, Curbs, Paved Streets, Sidewalks, Storm Sewer
  • Road Responsibility: Public Maintained Road
  • Roof: Age 8 Years or Less, Asphalt
Interior Features
  • Basement Type: Full, Unfinished
  • Bath Desc: Main Floor 1/2 Bath,Main Floor Full Bath
  • Bathrooms Full: 1
  • Bathrooms Half: 1
  • Bathrooms One Quarter: 0
  • Bathrooms Three Quarter: 0
  • Bathrooms Total Count: 2
  • Bedrooms Total: 4
  • Fireplace Features: Gas
  • Fireplaces Total: 0
  • FireplaceYN: No
  • Cooling: Central Air
  • DP Resource: Yes
  • Garage Dimensions: 26X28
  • Garage Square Feet: 728
  • Heating: Boiler, Forced Air
  • Laundry Features: Main Level
  • Levels: One
  • Room List: Bedroom, Bedroom 4, Bedroom 2, Bedroom 3
  • Basement YN: Yes
Room Information
Room 1
  • Room Level: Main
  • Room Type: Bedroom
Room 2
  • Room Level: Main
  • Room Type: Bedroom 4
Room 3
  • Room Level: Main
  • Room Type: Bedroom 2
Room 4
  • Room Level: Main
  • Room Type: Bedroom 3

Property History for 401 Lake Avenue

DateEvent & SourcePriceAppreciation
Apr 17, 2026

In Contract

NorthStar #7042006

Apr 14, 2026

Price Change

NorthStar #7042006

$155,000
Apr 14, 2026

Listed (Active)

NorthStar #7042006

DateEvent & SourcePrice
04/17/2026

In Contract

NorthStar #7042006

04/14/2026

Price Change

NorthStar #7042006

$155,000
04/14/2026

Listed (Active)

NorthStar #7042006

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 401 Lake Avenue

Taxable ValueLand$3,600Additions$82,800Total$86,400
Tax Record2024$1,238 ($103 / month)
Home Facts
Beds0StyleSingle Family ResidenceCountyLYONAPN21-146029-0

Schools near 401 Lake Avenue

This home is within Tracy Area Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 12
Private - PK to 7
Rating
School
Distance
Tracy Elementary School
PublicPK to 6

Tracy Secondary
Public7 to 12

St. Peter Lutheran School
PrivatePK to 7

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Edina Realty, Inc.

Based on information submitted to the MLS GRID as of 04/21/2026 09:13 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. 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. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.