641 Summit Ave, Balaton, MN, 56115
About This Home
Move-in ready and packed with possibilities! This beautifully updated 2 bedroom, 1 bathroom home has been extensively renovated from top to bottom, featuring all new plumbing, electrical, fixtures, doors windows, siding, flooring, sheetrock, water heater complete bathroom renovation and even a new sewer line already in place. The thoughtfully optimized floor plan offers comfortable living with a perfect main floor location for a stackable washer and dryer, plus a bonus room in the 1/4 story that would make a great office, hobby room, guest space, or additional storage area. Outside is where this property really shines- the detached triple stall garage is extra deep and offers incredible flexibility. The oversized third stall features an impressive 12-foot door, making it ideal for campers, boats, trailers, toys or oversized equipment. A steel roof gives you peace of mind for decades to come. Whether you're looking for the perfect owner-occupied setup, extra storage space, or an investment opportunity, this property delivers. Rent the house and each garage stall separately for multiple income streams, or keep part of the garage space for yourself while generating rental income from the rest. Clean, updated, functional, and ready to go- move in and be done!
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1968
Type & Style
- Home type: SingleFamily
- Property subType: Single Family
Interior
Basement
- Basement: None
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- 3/4 bathrooms: 1
Features
- Finished area below ground: 0
- Finished area above ground: 1,080
Heating & Cooling
- Heating features: Forced Air
- Cooling features: Window Unit(s)
Interior Area
- Total structure area: 1,080
- Total interior livable area: 1,080 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 211100320
- Zoning description: Residential-Single Family
- Foundation area: 864
Features
- Levels: One
- Stories: 1
Lot
- Lot size: 0.38 Acres
- Lot size dimensions: 100 x 165
Parking
- Total spaces: 3
- Parking features: Detached Garage
- Has garage: Yes
- Attached garage spaces: 3
- Covered spaces: 3
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Winter Weather
- Cold Wave
- Drought
- Hail
- Strong Wind
- Inland Flooding
- Ice Storm
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters in Lyon County and Minnesota
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $798 | $9,576 |
| Home Insurance * | $399 | $4,788 |
| Property Taxes | $281 | $3,372 |
| Electricity | $170 | $2,050 |
| Total | $1,648 | $19,776 |
Income You'd Need if You Spent...
Minnesota FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-14 | Price change | $158,000 |
| 2026-05-18 | Listed for sale | $165,000 |
| 2025-09-10 | Sold | $60,000 |
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