NOT LISTED FOR SALE

110 2nd Ave E Grand Marais, MN 55604

Estimated Value: $700,000 - $931,000

2 Beds
2.5 Baths
2,550 Sq Ft
$323/Sq Ft Est. Value

Last Sold March 31, 2021

Last sale price $605,000 $237 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $5,405/month

193 Days on Market

Highlights

  • Private Waterfront
  • Deck
  • Den
  • Lake View
  • Wood Flooring
  • Lower Floor Utility Room

About This Home

As of March 2021

Superior Location, Charming 1910 Home. Stunning Lake Superior shoreline with awesome views of the east bay and Artist Point. This early homestead has great commercial potential, or as a residential home with comfortable rooms and nice yard. Large 2 bar, 3 bath home has options for an Inn or B&B. Large upstairs above second garage plus charming shed, both have many options as living or studio space. One car detached garage, half acre parcel adjacent to commercial district, but feels tucked away and private.

Last Agent to Sell the Property

Mike Raymond

Red Pine Realty Listed on: 06/25/2020

Last Buyer's Agent

Mike Raymond

Red Pine Realty Listed on: 06/25/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,620

Year Built

  • Built in 1910

Lot Details

  • 0.54 Acre Lot
  • Lot Dimensions are 160 x 160
  • Private Waterfront
  • 160 Feet of Waterfront
  • Lake Front
  • Cul-De-Sac
  • Landscaped

Home Design

  • Concrete Foundation
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Wood Frame Window
  • Combination Kitchen and Dining Room
  • Den
  • Lower Floor Utility Room
  • Washer and Dryer Hookup
  • Storage Room
  • Center Hall
  • Wood Flooring
  • Lake Views

Kitchen

  • Eat-In Kitchen
  • Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Bedroom in Basement
  • Recreation or Family Area in Basement
  • Finished Basement Bathroom

Parking

  • 1 Car Detached Garage
  • Driveway

Outdoor Features

  • Deck
  • Enclosed Patio or Porch
  • Storage Shed

Utilities

  • No Cooling
  • Baseboard Heating
  • Boiler Heating System
  • Heating System Uses Propane
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 80-113-0080

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,620

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: Next to Best Western.
  • InternetOptions: DSL
  • L O1 Office Phone1 Number: 218-387-9599
  • Road Maintenance: Public
  • ShorelineCharacteristics: Gravel, Rocky
  • Property Sub-Type: SF/Detached
  • Tax Year: 2020
  • View Type:Pond View: Lake Superior
  • Lot Description Waterfront: Yes
  • Air Conditioner: None
  • Reso Association Amenities: Eat-In Kitchen, Hardwood Floors, Center Hall, Dryer Hook-Ups, Washer Hook-Ups
  • Amenities Exterior: Deck, Patio
  • Half Bathrooms: 1
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1550
  • Below Grade Finished Sq Ft: 1000
  • Garage Type: Detached
  • Heat: Baseboard, Boiler, Propane
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Asphalt Shingles
  • TotalBedrooms: 2
  • Year Built: 1910
  • Property Style: Colonial/Tudor
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 2
  • Appliances: Range/Stove, Refrigerator
  • Basement Features: Finished, Walkout, Bath, Bedrooms, Family/Rec Room, Utility Room, Washer Hook-Ups, Dryer Hook-Ups
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Bathroom Description: 3/4 Basement, 3/4 Master, 1/2 Main Floor, Private Master
  • Formal Dining: Combine with Kitchen, Eat-In Kitchen
  • Extra Rooms: Den/Office, Enclosed Porch, Pantry, Storage Room
  • Fireplace: No
  • Bedroom Features:Main Floor Bedroom: No
  • Stories: 2 Story
  • Total Bathrooms: 3
  • Total Fin Square Footage: 2550

Exterior Features

  • Out Buildings: Storage Shed, Other Buildings
  • Road Frontage: City
  • Waterfront Access: Private
  • Water Frontage In Feet: 160
  • Waterfront Name: Lake Superior
  • Construction Status: Previously Owned
  • Exterior: Vinyl
  • Window Features:Insulated Windows: Wood Frame

Garage/Parking

  • Parking Driveway: Driveway - Asphalt
  • Garage Capacity: 1

Utilities

  • Power Company: Grand Marais PUC
  • Sewer: City
  • Water: City

Schools

  • Junior High Dist: Cook County #166

Lot Info

  • Estimated Lot Dimensions: 160 x 160
  • Estimated Number of Acres: 0.54
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Cul De Sac, Landscaped, See Remarks
  • Parcel Number: 80-113-0080
  • Waterfront Type: Lake Superior

Rental Info

  • Lease Terms: Cash

Tax Info

  • Tax Amount: 6620

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2020
Closed on
Mar 31, 2021
Bought by
Usem Katie Katie
Seller's Agent
Mike Raymond
Red Pine Realty
Buyer's Agent
Mike Raymond
Red Pine Realty
List Price
$605,000
Sold Price
$605,000
Current Estimated Value
$824,010

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$219,010
Avg. Annual Appreciation
6.98%
Original Mortgage
$484,000
Outstanding Balance
$438,175
Interest Rate
3.17%
Estimated Equity
$385,835
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
Usem Katie Katie $605,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Usem Katie Katie $484,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2021 03/31/21 Sold $605,000 0.0% $237 / Sq Ft
01/04/2021 01/04/21 Pending -- -- --
06/25/2020 06/25/20 For Sale $605,000 -- $237 / 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 $13,098 $910,300 $567,400 $342,900
2023 $116 $856,900 $544,000 $312,900
2022 $6,720 $712,800 $439,500 $273,300
2021 $6,570 $497,300 $317,500 $179,800
2020 $6,620 $496,500 $317,500 $179,000
2019 $6,166 $498,700 $317,500 $181,200
2018 $5,942 $439,400 $260,500 $178,900
2017 $5,782 $442,100 $260,500 $181,600
2016 $5,494 $444,900 $260,500 $184,400
2015 $5,178 $447,600 $260,500 $187,100
2014 $5,178 $450,000 $260,500 $189,500
2012 -- $446,200 $231,300 $214,900
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Mike Raymond

    Red Pine Realty

    (218) 370-0373

    150 Total Sales

    Mike Raymond
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6091122

APN: 80-113-0080

Minnesota Cook County Grand Marais 55604

110 2nd Ave E, Grand Marais, MN

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