108 Isak Ridge Lutsen, MN 55612
5
Beds
3
Baths
3,200
Sq Ft
1.58
Acres
Highlights
- Heated Floors
- Main Floor Primary Bedroom
- 2 Car Detached Garage
- Recreation Room
- Great Room
- Enclosed Patio or Porch
About This Home
As of March 2025Offers shall be received no later than noon CST, Thursday May 5, 2022 Summit Retreat is a 5 bedroom two-level custom-built luxury custom built home complimented with an oversized detached garage and upper level bonus room located in a private north woods setting of Lutsen, Minnesota. Luxury meets peace and quiet. Up North sophistication meets a calming embrace. Welcome to Summit Retreat. This beautiful home provides sweeping views of the Boreal Forest while Lake Superior makes her presence known with seasonal sneak previews and ever-changing moods. The main level features an open and generous living space. Here you will find the kitchen complete with thoughtfully appointed countertops complimented with stainless steel appliances. Your kitchen is open to the dining room making entertaining, dining, laughter, and storytelling a featured highlight while providing comfortable seating for everyone. The two-sided gas fireplace in the living room is great for adding warmth and ambiance for all seasons. Main level living? Yes indeed. You will find the master bedroom with en suite and two other comfortable bedrooms located on the main level of this home as well. The lower level is again another large and generous area designed for entertainment including billiards, darts, game tables, and large screen TV. Think about it – the home features upper and lower living areas allowing larger groups to split off and do activities in smaller groups and then come back together for meals and more stories. Both levels of this home have expansive and well-designed decks facing Lake Superior setting up perfectly for stargazing, eagle and raptor sightings, and sweeping views of the surrounding north woods. Make no mistake about it, Summit Retreat is the ideal northwoods home right in the heart of Lutsen. Home is part of a short-term rental program where advance reservations shall and must be honored through MEA weekend (October 2022) as part of the current owner rental contract and agreement. Should Buyer not wish to continue with rental program, buyer shall provide rental management company with intent not to renew agreement soon after closing. Should your buyer be interested in continuing with the program, all systems are in place for short term rentals with a perfectly seamless transition and all ready in place reservations. Cash flow begins immediately.
Last Buyer's Agent
Nonmember NONMEMBER
Nonmember Office
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,460
Year Built
- Built in 2005
Lot Details
- 1.58 Acre Lot
- Lot Dimensions are 250x300
HOA Fees
- $31 Monthly HOA Fees
Home Design
- Concrete Foundation
- Wood Frame Construction
- Insulated Concrete Forms
- Wood Siding
Interior Spaces
- 2-Story Property
- Gas Fireplace
- Great Room
- Living Room
- Recreation Room
- Heated Floors
Bedrooms and Bathrooms
- 5 Bedrooms
- Primary Bedroom on Main
- Bathroom on Main Level
Basement
- Basement Fills Entire Space Under The House
- Bedroom in Basement
Parking
- 2 Car Detached Garage
- Heated Garage
- Bathroom In Garage
- Garage Drain
Outdoor Features
- Enclosed Patio or Porch
Utilities
- Radiant Heating System
- Heating System Uses Propane
- Private Water Source
- Drilled Well
- Mound Septic
- Private Sewer
Community Details
- Association fees include snow removal
- Property is near a preserve or public land
- Planned Unit Development
Listing and Financial Details
- Assessor Parcel Number 27-156-0904
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 13, 2024
Closed on
Mar 12, 2025
Sold by
John Prange Revocable Trust
Bought by
Gitchi-Gami Retreats Llc
Seller's Agent
Kris Jacobsen
Eos Realty, LLC
Buyer's Agent
Krystina Gillman
Kuschel Realty Group LLC
List Price
$825,000
Sold Price
$840,000
Premium/Discount to List
$15,000
1.82%
Views
90
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$24,958
Avg. Annual Appreciation
5.30%
Original Mortgage
$672,000
Outstanding Balance
$671,444
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$189,185
Purchase Details
Listed on
May 2, 2022
Closed on
Jun 2, 2022
Sold by
Marys Family Llc
Bought by
John Prange Revocable Trust
Seller's Agent
Mike Larson
Lutsen Real Estate Group
Buyer's Agent
Nonmember NONMEMBER
Nonmember Office
List Price
$769,000
Sold Price
$769,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.30%
Similar Home in Lutsen, MN
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $840,000 | -- | |
| Deed | $769,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $672,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/12/2025 03/12/25 | Sold | $840,000 | +1.8% | $263 / Sq Ft |
| 02/13/2025 02/13/25 | Pending | -- | -- | -- |
| 12/13/2024 12/13/24 | For Sale | $825,000 | +7.3% | $258 / Sq Ft |
| 06/23/2022 06/23/22 | Sold | $769,000 | 0.0% | $240 / Sq Ft |
| 05/05/2022 05/05/22 | Pending | -- | -- | -- |
| 05/02/2022 05/02/22 | For Sale | $769,000 | -- | $240 / Sq Ft |
Source: Lake Superior Area REALTORS®
Tax History Compared to Growth
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 | $5,656 | $677,100 | $64,900 | $612,200 |
| 2023 | $48 | $610,900 | $57,000 | $553,900 |
| 2022 | $4,460 | $572,100 | $57,000 | $515,100 |
| 2021 | $3,962 | $412,700 | $66,100 | $346,600 |
| 2020 | $3,966 | $420,900 | $85,100 | $335,800 |
| 2019 | $3,612 | $360,400 | $54,900 | $305,500 |
| 2018 | $3,694 | $366,700 | $54,900 | $311,800 |
| 2017 | $3,460 | $400,900 | $28,800 | $372,100 |
| 2016 | $3,300 | $400,900 | $28,800 | $372,100 |
| 2015 | $3,134 | $419,700 | $47,600 | $372,100 |
| 2014 | $3,070 | $419,700 | $47,600 | $372,100 |
| 2012 | -- | $419,700 | $47,600 | $372,100 |
Source: Public Records
Agents Affiliated with this Home
-
Kris Jacobsen
Seller's Agent in 2025
Kris Jacobsen
Eos Realty, LLC
(651) 270-5429
137 Total Sales
-
Gina Jacobsen
G
Seller Co-Listing Agent in 2025
Gina Jacobsen
Eos Realty, LLC
(651) 442-1084
45 Total Sales
-
Krystina Gillman
Buyer's Agent in 2025
Krystina Gillman
Kuschel Realty Group LLC
(218) 724-7900
86 Total Sales
-
Mike Larson
M
Seller's Agent in 2022
Mike Larson
Lutsen Real Estate Group
(218) 370-1536
45 Total Sales
-
N
Buyer's Agent in 2022
Nonmember NONMEMBER
Nonmember Office
Map
Source: Lake Superior Area REALTORS®
MLS Number: 6102557
APN: 27-156-0904
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