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Active NEW!
$245,000
/mo Edit
Single Family:  Four or More Level Split
5 br • 3 ba • Built 1900
2,631 sqft • 10 acres
Tracy Area schools
MLS# 6822498
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    Property Description

    Presenting a rare opportunity: 1567 County Road 7, Balaton, MN 56115 is an expansive 5-bedroom, 3-bath country estate on 10 acres of prime Minnesota land. Boasting 2, 631 sq ft of living space, this 1917 farmhouse blends rustic charm with modern essentials—ideal for those seeking room to grow, hobby farming, or country living within reach of Balaton community amenities. The home’s inviting layout highlights a spacious living area with a cozy fireplace, perfect for gathering on cold winter nights. Enjoy updated comforts including a 3-year-old hot water heater, a 4-year-old A/C unit, and a well-maintained furnace. Durable shingle roofing (installed in 1993), a sturdy basement and pier beam foundation, and a classic wooden plank exterior provide lasting peace of mind. Fresh carpet, tile, and LVP plank flooring add comfort on every level. Practical features include well water, a septic system that received a full cleaning and new pump this year, and an oversized garage for vehicles or storage. There are no termite or lead paint issues, and the property is located outside flood zones. Utility providers support both electricity and gas, with current status ready for occupancy. The property does require a new roof, updated windows, minor siding repairs, bathroom refresh, new carpet, and cosmetic upgrades—offering a blank canvas for your personal touch. This is an exceptional find for large families, investors, or anyone looking for an affordable acreage home in the heart of Balaton’s thriving real estate market, where prices are climbing and supply remains tight.? Don’t miss your chance to own a piece of Minnesota countryside with space to spread out and endless potential. Schedule your private tour today!

    Listing

    Contingency: None
    Price per sq ft: $93
    City: Custer Twp
    County: Lyon
    State: MN
    Property Style: Four or More Level Split
    Zip Code: 56115

    Interior

    Living Area: 2,631 ft2
    Common Wall: No
    Basement Details:
    • Daylight/Lookout Windows
    • Egress Window(s)
    • Finished

    Exterior

    Stories: Four or More Level Split
    Garage Spaces: 2
    Garage Dimensions: 22x24
    Garage Size: 528 ft2
    Air Conditioning: Central Air
    Foundation Size: 1,164 ft2
    Handicap Accessible: None
    Heating System: Forced Air
    Parking Features: Attached Garage
    Exterior Material: Vinyl Siding

    Rooms

    1/4 Baths: None
    Full Baths: 3
    Half Baths: None
    3/4 Baths: None

    Lot & Land

    Acres: 10
    Geolocation: 44.278213, -95.817426
    Lot Dimensions: 750 x 509
    Zoning: Residential-Single Family

    Schools

    School District: 2904
    District Phone: 507-629-5500

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $1,642
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $1,642
    Association Fee Required: No
    Association Fee: None

    Miscellaneous

    Fuel System: Propane
    Sewer System: Private Sewer
    Water System: Well

    Mortgage Calculator

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    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of Jeff Hagel.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.