NOT LISTED FOR SALE

10502 Highway 1 Isabella, MN 55607

Estimated Value: $65,000 - $319,000

3 Beds
1 Bath
1,296 Sq Ft
$173/Sq Ft Est. Value

Last Sold July 31, 2019

Last sale price $36,000 $28 Per Sq Ft

Est. 584% increase in value since last sale

Current estimated payment $1,411/month

814 Days on Market

Highlights

  • Ranch Style House
  • Woodwork
  • Bathroom on Main Level
  • Additional Land
  • Living Room
  • Forced Air Heating System

About This Home

As of July 2019

Easy one-level living in this 3 bedroom, 1 bath home. Property also includes the former Happy Wanderer Bar which is an additional 1,400+ square foot building. Incredible Value! *SLLS*

Last Agent to Sell the Property

Bruce Chernak

Bear Island Realty LLC Listed on: 03/25/2017

Last Buyer's Agent

Kerry Davis

Canoe Capital Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $752

Year Built

  • Built in 1970

Lot Details

  • 2.5 Acre Lot
  • Property fronts a highway
  • Additional Land

Home Design

  • Ranch Style House
  • Fire Rated Drywall
  • Wood Frame Construction
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 1,296 Sq Ft Home
  • Woodwork
  • Paneling
  • Living Room
  • Combination Kitchen and Dining Room
  • Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level
  • 1 Bathroom

Parking

  • No Garage
  • Gravel Driveway
  • Off-Street Parking

Outdoor Features

  • Storage Shed

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Propane
  • Private Water Source
  • Private Sewer
  • Phone Available

Listing and Financial Details

  • Assessor Parcel Number 20-6060-0030, part of 08615

Home Details

Home Type

Single Family

Est. Annual Taxes

$752

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Ely travel south on Hwy 1 +/- 20 miles to #10502 on the left.
  • L O1 Office Phone1 Number: 218-365-2800
  • List Price/ Sq Ft: 27.78
  • Road Maintenance: None
  • Property Sub-Type: SF/Detached
  • Tax Year: 2016
  • Lot Description Waterfront: No
  • Air Conditioner: None
  • Reso Association Amenities: Natural Woodwork, Drywalls, Panelled Walls
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1296
  • Garage Type: None
  • Heat: Forced Air, Propane
  • Reso Roof: Metal
  • Bedroom 3: Dining Room
  • TotalBedrooms: 3
  • Year Built: 1970
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • RoomLevel6: Main
  • Property Style: Ranch/Rambler
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Appliances: Range/Stove
  • Basement Features: N/A
  • Basement Material: N/A
  • Estimated Basement Sq Ft: 1296
  • Basement Style: None
  • Bathroom 1 Level: main
  • Bathroom Description: 3/4 Main Floor
  • Formal Dining: Combine with Kitchen
  • Fireplace: No
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Kitchen
  • Main Residence Features:Family Room4: Master Bedroom
  • Bedroom 5: Bedroom
  • Stories: 1 Story
  • Room 6: Bedroom
  • Total Bathrooms: 1
  • Total Fin Square Footage: 1296
  • Exercise Room Level2: Main

Exterior Features

  • Out Buildings: Storage Shed, Other Buildings
  • Road Frontage: Highway
  • Construction Status: Previously Owned
  • Exterior: Wood

Garage/Parking

  • Parking Driveway: Off Street, Driveway - Gravel

Utilities

  • Power Company: Coop Power & Light
  • Sewer: Private
  • Water: Private

Schools

  • School District: Lake Superior #381
  • Junior High Dist: Lake Superior #381

Lot Info

  • Geo Update Timestamp: 2017-03-28
  • Estimated Lot Dimensions: irregular
  • Estimated Number of Acres: 2.5
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Additional Land Available, Telephone
  • Parcel Number: 20-6060-0030, part of 08615

Rental Info

  • Lease Terms: Cash, Conventional

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2017
Closed on
Aug 15, 2019
Sold by
Foster Mary Lou Est
Bought by
Cole Jennifer A
Seller's Agent
Bruce Chernak
Bear Island Realty LLC
Buyer's Agent
Kerry Davis
Canoe Capital Realty, LLC
List Price
$36,000
Sold Price
$36,000
Current Estimated Value
$246,152

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$210,152
Avg. Annual Appreciation
42.04%
Original Mortgage
$36,000
Outstanding Balance
$28,209
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$271,646

Purchase Details

Closed on
Mar 2, 2018
Sold by
Foster Mary Lou Est
Bought by
Debeltz Rae A and Debeltz Andrew J

Purchase Details

Closed on
Dec 15, 2017
Sold by
Macmillan Louise J
Bought by
Housey Floyd A and Housey Carolyne M

Purchase Details

Closed on
Mar 20, 2008
Sold by
Hraban Joseph
Bought by
Foster Jule and Foster Mary Lou

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,400
Interest Rate
7.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Cole Jennifer A $36,000 --
Debeltz Rae A -- --
Johnson Roberta -- --
Housey Floyd A $7,000 None Available
Foster Jule $43,000 Northeast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cole Jennifer A $36,000
Previous Owner Foster Mary Lou $75,000
Previous Owner Foster Jule $42,000
Previous Owner Foster Jule $37,400
Previous Owner Foster Jule $295,000
Previous Owner Foster Jule B $50,000
Previous Owner Foster Jule $60,000
Previous Owner Foster Jule B $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2019 07/31/19 Sold $36,000 0.0% $28 / Sq Ft
06/17/2019 06/17/19 Pending -- -- --
03/25/2017 03/25/17 For Sale $36,000 -- $28 / Sq Ft
Source: Lake Superior Area REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $752 $194,000 $38,300 $155,700
2023 $834 $181,600 $34,000 $147,600
2022 $1,465 $182,200 $32,000 $150,200
2021 $1,390 $182,000 $31,300 $150,700
2020 $1,554 $170,400 $31,300 $139,100
2019 $1,550 $180,100 $37,900 $142,200
2018 $3,384 $188,800 $40,000 $148,800
2017 $3,183 $396,800 $141,100 $255,700
2016 $3,322 $377,900 $83,700 $294,200
2015 $3,446 $397,200 $83,700 $313,500
2014 $3,446 $0 $0 $0
2013 $2,882 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2019

    Bruce Chernak

    Bear Island Realty LLC

  • K

    Buyer's Agent in 2019

    Kerry Davis

    Canoe Capital Realty, LLC

    (218) 235-1084

    50 Total Sales

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6027701

APN: 20-6010-08615

Minnesota Lake County 55607

10502 Highway 1, MN

This home is located at 10502 Highway 1, Isabella, MN 55607 since 25 March 2017 and is currently estimated at $223,683, approximately $172 per square foot. This property was built in 1970. 10502 Highway 1 is a home located in Lake County with nearby schools including Minnehaha Elementary School and Two Harbors Secondary.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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