This home offers solid potential for those ready to bring new life to a classic! Many important updates are already done, including vinyl siding, newer windows, shingles, electrical, and a forced-air furnace. The main floor features a bedroom with direct bathroom access, convenient laundry/back entry, and a very practical layout with kitchen, dining, and living room flowing together. Upstairs you’ll find a flexible bonus room that could serve as an additional bedroom, office, or hobby area. The basement provides excellent storage space and room for future improvements. Outside, enjoy a generous 50x165 lot with a 20x12 detached garage. Located near Balaton City Park and the golf course, this home is close to everyday essentials. Property is being sold as-is and offers a great opportunity for buyers looking to invest in value and potential.
Closed
Zestimate®
$40,500
230 4th St, Balaton, MN 56115
1beds
894sqft
Single Family Residence
Built in 1922
8,232.84 Square Feet Lot
$40,500 Zestimate®
$45/sqft
$808 Estimated rent
Home value
$40,500
Estimated sales range
Not available
$808/mo
Zestimate® history
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$808/mo
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List your homeWhat's special
Zillow last checked: 7 hours ago
Listing updated: February 03, 2026 at 06:47am
Listed by:
KaLea Swenson – The Deutz Group 507-531-6069,
Edina Realty, Inc.
Bought with:
Jeremy Tubbs
True Real Estate
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6814252
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Bedroom
- Level: Main
- Area: 103 Square Feet
- Dimensions: 10x10.3
Bathroom
- Level: Main
Bonus room
- Level: Upper
- Area: 108 Square Feet
- Dimensions: 12x9
Dining room
- Level: Main
- Area: 134.47 Square Feet
- Dimensions: 11.9x11.3
Kitchen
- Level: Main
- Area: 120.36 Square Feet
- Dimensions: 10.2x11.8
Laundry
- Level: Main
Living room
- Level: Main
- Area: 165.1 Square Feet
- Dimensions: 13x12.7
Heating
- Forced Air
Cooling
- Window Unit(s)
Appliances
- Included: Dryer, Range, Refrigerator, Washer
- Laundry: Laundry Room, Main Level
Features
- Basement: Daylight,Full,Concrete,Storage Space,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 894
- Total interior livable area: 894 sqft
- Finished area above ground: 894
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Detached Garage
- Garage spaces: 1
- Details: Garage Dimensions (20x12)
Accessibility
- Accessibility features: None
Features
- Levels: One and One Half
- Stories: 1
- Patio & porch: Enclosed, Front Porch
Lot
- Size: 8,232 sqft
- Dimensions: 50 x 165
Details
- Foundation area: 734
- Parcel number: 211000580
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Frame
- Roof: Age 8 Years or Less,Asphalt
Condition
- New construction: No
- Year built: 1922
Utilities & green energy
- Electric: Circuit Breakers
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & neighborhood
Location
- Region: Balaton
- Subdivision: City/Balaton Sub
HOA & financial
HOA
- Has HOA: No
Price history
| Date | Event | Price |
|---|---|---|
| 1/27/2026 | Sold | $40,500-10%$45/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6814252 Report a problem | ||
| 1/10/2026 | Pending sale | $45,000$50/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6814252 Report a problem | ||
| 11/11/2025 | Listed for sale | $45,000$50/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6814252 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $680 +5.9% | $46,000 |
| 2024 | $642 +3.2% | $46,000 +11.7% |
| 2023 | $622 +11.9% | $41,200 +18.7% |
Find assessor info on the county website
Neighborhood: 56115
Nearby schools
GreatSchools rating
- 5/10Tracy Elementary SchoolGrades: PK-6Distance: 12.4 mi
- 6/10Tracy SecondaryGrades: 7-12Distance: 12 mi
- Minnesota
- Lyon County
- Balaton
- 56115
- 230 4th St