501 Sumac Rd
Madison Lake, MN 56063
4 bd 2 ba 1,948 sqft Built 1995 Lot 9,845 sqft single_family
Most recent sale
$257,500
Jan 10, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jan 10, 2022 | Sold | $257,500 | MLS #6115889 |
| Oct 30, 2021 | Listed | $250,000 | MLS #6115889 |
| Aug 12, 2019 | Sold | $218,000 | MLS #7021231 |
| May 19, 2014 | Sold | $164,000 | MLS #7004297 |
| Jan 20, 2014 | Listed | $166,000 | MLS #7004297 |
| Apr 11, 2003 | Sold | $155,000 | Public Record |
| Jun 2, 1995 | Sold | $86,500 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2020 | — | — | $162,000 | $2,094 |
| 2019 | — | — | $146,300 | $2,274 |
| 2018 | — | — | $157,500 | $2,210 |
| 2017 | $123,300 | $34,200 | $157,500 | $1,978 |
| 2016 | $112,000 | $33,700 | $145,700 | $1,890 |
| 2015 | $109,200 | $33,500 | $142,700 | $1,636 |
| 2014 | $91,500 | $32,500 | $124,000 | $1,652 |
| 2013 | $92,700 | $32,600 | $125,300 | $1,770 |
| 2012 | $90,300 | $32,500 | $122,800 | $1,842 |
| 2011 | $95,400 | $32,800 | $128,200 | $1,848 |
| 2009 | $129,400 | $38,800 | $168,200 | $1,866 |
Property facts
Year built
1995
Property type
single_family
Stories
2
Beds
4
Baths
2
Living area
1,948 sqft
Lot size
9,845 sqft
ZIP code
56063
City
Madison Lake
Street
Sumac Rd
Coordinates
44.20498, -93.80936
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,922
Gross rental yield
13.62%
Implied cap rate
8.85%
Trend-extrapolated value
—
Frequently asked questions
When did 501 Sumac Rd last sell?
501 Sumac Rd most recently sold on Jan 10, 2022 for $257,500.
What is the current tax assessment for 501 Sumac Rd?
The most recent total assessment for 501 Sumac Rd (year 2020) is $162,000 with $2,094 in property tax.
How does 501 Sumac Rd's assessment compare to its last sale price?
The current assessment is 37.1% below the last sale price of $257,500.
When was 501 Sumac Rd built?
501 Sumac Rd was built in 1995.
How does 501 Sumac Rd compare to others on Sumac Rd?
We do not currently track other properties on Sumac Rd.
What are the property facts for 501 Sumac Rd?
501 Sumac Rd is a 4 bed, 2 bath, 1,948 sqft, 9,845 sqft lot single_family.
Is 501 Sumac Rd a flip candidate?
No — 501 Sumac Rd does not appear in our flips dataset.
Is 501 Sumac Rd a tax-appeal candidate?
No — 501 Sumac Rd is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-2.9%
Implied 1-yr
-11.7%
2026 Q1
$333.7K
2026 Q2
$321.6K
ZIP 56063 — Median Price History + Forecast
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Geography