The stone is on private land, signposted from the main road, 20 meters down a dirt-road. It's probably better to park on the parking-lot for the Husabø-graveyard down the slope if you can find a way to get there by car.
The stone is probably Norways highest with 7,87 meters.
The name, Balders stone, is first known used in the 19th century, it has also been known as Fritjofs (probably mythological, known from literary sources such as Fritjofs saga) stone and the Ivar Elda (historical figure killed at the battle of Fimreite in 1184) stone.
Balder is of course the name of one of Odins sons.