Does this property have an HOA?

No, this property does not have a homeowners association.

What are the annual property taxes?

Annual property taxes are $1,238 (2025).

What school district is this property in?

This property is in the 2904 - Tracy Area school district.

Does this home have a garage?

Yes, this home has a 2-car garage.

How long has this property been on the market?

This property was listed for 10 days.

Sold / Closed

$155,000

Sold price · Closed May 28, 2026

$71/sqft

401 Lake Avenue

401 Lake Avenue, Balaton, MN, 56115

4 Bedrooms2 Bathrooms2,184 Square Feet0.082 Acres

Days on market10

Year built1915

Garage spaces2

TypeResidential

Est. $1,650buyer credit when you buy with SODL

About this home

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.

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Home facts

Property typeResidential

Property subtypeSingle Family

Year built1915

LevelsOne

Living area2,184 sqft

Above-grade finished1,092 sqft

Below-grade finished1,092 sqft

Lot size0.082 acres (50X180)

Days on market10

ListedApr 14, 2026

MLS #NST7042006

CountyLyon

Parcel #211460290

Facts & features

Interior

Bedrooms: 4
Bathrooms: 2
Bath breakdown: 1 full / 1 half
Heating: Boiler, Forced Air
Cooling: Central Air
Laundry: Main Level

Property

Levels / stories: One
Garage: 2 spaces · 26X28 · 728 sqft
Parking features: Attached Garage
Exterior features: Vinyl
Other structures: Storage Shed
Lot size: 0.082 acres

Construction

Property type: Residential
Property subtype: Single Family
Foundation: Permanent · 1,092 sqft
Roof: Age 8 Years or Less, Asphalt
Year built: 1915

Utilities

Water: City Water/Connected
Sewer: City Sewer/Connected
Fuel: Propane

Community & HOA

HOA: No HOA
School district: 2904 - Tracy Area
High school district: Tracy Area

Financial & listing details

Annual tax: $1,238 (2025)
Listed: Apr 14, 2026
Days on market: 10
Manufactured home: Yes

Interior details

Total bathrooms2

Full baths1

3/4 baths0

Half baths1

1/4 baths0

BasementFull, Unfinished

HeatingBoiler, Forced Air

CoolingCentral Air

LaundryMain Level

AccessibilityNone

Exterior & lot

ExteriorVinyl

RoofAge 8 Years or Less, Asphalt

FoundationPermanent

Foundation area1,092 sqft

Lot featuresCorner Lot

Road frontageCity Street, Curbs, Paved Streets, Sidewalks, Storm Sewer

Road responsibilityPublic Maintained Road

ZoningResidential-Single Family

Utilities

Water sourceCity Water/Connected

SewerCity Sewer/Connected

FuelPropane

Parking & garage

ParkingAttached Garage

Garage spaces2

Garage size728 sqft

Financial details

Annual taxes$1,238

Tax year2025

Taxes w/ assessments1238

Assessment pendingNo

Down payment resourceYes

Lender ownedNo

Short saleNo

ForeclosureNo

Schools

District2904 - Tracy Area

District number2904

District phone5076295500

High schoolTracy Area

SODL flat fee brokerage

$1,650Estimated buyer credit

SODL platform fee $3,000Your buyer credit $1,650

Buyer-side commission

3.0%

How SODL buyer credits work

When you buy with SODL, the brokerage charges a flat $3,000 platform fee at closing. The remaining buyer-side commission (typically 3% of the purchase price) is credited directly back to you at closing, reducing the cash you bring to the table.

Tour homes with SODL’s flexible showing network
Submit offers and manage your transaction through the platform
Keep more money at closing through transparent flat-fee pricing

A clear, modern way to buy with expert guidance and meaningful savings.

Estimated monthly payment

$969/mo

Principal & interest$815

Property taxes$103

Home insurance (est.)$52

Down payment

$31,000

0%50%

Credit score

Loan term

These payment estimates are for illustration purposes only and may vary based on your lender, interest rate, credit profile, down payment, taxes, insurance, and loan terms. For a more accurate monthly payment estimate, speak with your lender or connect with SODL’s preferred lending partner.