NOT LISTED FOR SALE

116 2nd Ave W Grand Marais, MN 55604

Estimated Value: $482,000 - $581,000

3 Beds
2 Baths
1,940 Sq Ft
$273/Sq Ft Est. Value

Last Sold November 27, 2024

Last sale price $500,000 $258 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $3,198/month

33 Days on Market

Highlights

  • Lake View
  • Bonus Room
  • Den
  • Main Floor Primary Bedroom
  • No HOA
  • 3-minute walk to Judge C R Magney State Park

About This Home

As of November 2024

Location, location, location. This fabulous Grand Marais home was remodeled from top to bottom with quality throughout. There is 1,940 sq. ft. of finished living space with 3 bedrooms and 2 baths. Sunny deck for enjoying the lake view and BBQ. Lower level has addition space for family/rec room and office or bedroom. There is also unfinished space for storage and workshop in the lower level. Tuck under garage. Walking distance to everything in town. The home has been a nightly rental in past few years. Call today for your private showing.

Last Agent to Sell the Property

Terry Backlund

Backlund Realty LLC Listed on: 10/05/2024

Last Buyer's Agent

Sue Nichols

Red Pine Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,606

Year Built

  • Built in 1930

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 128 x 60
  • Level Lot
  • Few Trees

Property Views

  • Lake
  • City Lights

Home Design

  • Bungalow
  • Poured Concrete
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • Multi-Level Property
  • Living Room
  • Dining Room
  • Den
  • Bonus Room
  • Workshop
  • Lower Floor Utility Room
  • Storage Room
  • Utility Room

Kitchen

  • Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Bathroom on Main Level

Laundry

  • Dryer
  • Washer

Partially Finished Basement

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

Parking

  • 2 Car Garage
  • Tuck Under Garage
  • Insulated Garage
  • Driveway
  • Off-Street Parking

Outdoor Features

  • Storage Shed

Utilities

  • Forced Air Heating System
  • Heating System Uses Propane

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 80-217-0230

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,606

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: Off of Hwy 61 take 2nd Ave W near the Grand Marais Library. Drive up one block to 116 2nd Ave W., on right side of street.
  • L O1 Office Phone1 Number: 218-387-1501
  • Remodeled Addition: Yes
  • Road Maintenance: Public
  • Property Sub-Type: SF/Attached
  • Tax Year: 2024
  • View Type:Pond View: Lake Superior, City Lights
  • Lot Description Waterfront: No
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1700
  • Below Grade Finished Sq Ft: 240
  • Garage Type: Tuckunder
  • Heat: Forced Air, Propane
  • MainFloorBath: Yes
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Kitchen
  • TotalBedrooms: 3
  • Year Built: 1930
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Upper
  • Property Style: Bungalow
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Appliances: Dishwasher, Dryer, Exhaust Fan/Hood, Microwave, Range/Stove, Refrigerator, Washer
  • Basement Features: Partially Finished, Walkout, Den/Office, Family/Rec Room, Utility Room
  • Basement Material: Poured Concrete
  • Basement Style: Full
  • Bathroom Description: Full Main Floor, 3/4 Upper
  • Formal Dining: Informal Dining Room
  • Extra Rooms: Storage Room, Utility Room, Workshop, Non-Conforming Bedroom, Bonus Room
  • Fireplace: No
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Dining Room
  • Main Residence Features:Family Room4: Bedroom
  • Bedroom 5: Bedroom
  • Stories: 1.25 - 1.75 Story
  • Total Bathrooms: 2
  • Total Fin Square Footage: 1940
  • Exercise Room Level2: Main

Exterior Features

  • Out Buildings: Storage Shed
  • Road Frontage: City, Curb/Gutters, Paved, Sidewalk, Street Lights
  • Construction Status: Previously Owned
  • Exterior: Vinyl, Asphalt

Garage/Parking

  • Parking Driveway: Off Street, Driveway - Concrete
  • Garage Features: Electrical Service, Insulation, Slab
  • Garage Capacity: 2

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Schools

  • Junior High Dist: Cook County #166

Lot Info

  • Estimated Lot Dimensions: 128 x 60
  • Estimated Number of Acres: 0.19
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Tree Coverage - Light, Level
  • Parcel Number: 80-217-0230

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 4606

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2024
Closed on
Nov 26, 2024
Sold by
Bossen Deanna and Bossen Deanna
Bought by
The Elizabeth A Flynn Trust The Elizabeth A F
Seller's Agent
Terry Backlund
Backlund Realty LLC
Buyer's Agent
Sue Nichols
Red Pine Realty
List Price
$499,000
Sold Price
$500,000
Premium/Discount to List
$1,000
0.2%
Views
29
Current Estimated Value
$529,380

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,380
Avg. Annual Appreciation
5.48%

Purchase Details

Listed on
Apr 22, 2020
Closed on
Jul 6, 2020
Bought by
Bossen Robert Robert
Seller's Agent
Terry Backlund
Backlund Realty LLC
Buyer's Agent
Terry Backlund
Backlund Realty LLC
List Price
$290,000
Sold Price
$290,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.18%
Original Mortgage
$288,000
Interest Rate
3.07%

Purchase Details

Listed on
Apr 23, 2018
Closed on
Aug 10, 2018
Sold by
North Shores Narragansett Llc
Bought by
Bool Dog Llc
Seller's Agent
Bob Carter
Coldwell Banker North Shore
Buyer's Agent
Terry Backlund
Backlund Realty LLC
List Price
$270,000
Sold Price
$270,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.83%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
The Elizabeth A Flynn Trust The Elizabeth A F $500,000 --
Bossen Robert Robert $290,000 --
Bool Dog Llc $270,000 North Shore Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bossen Robert Robert $288,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/27/2024 11/27/24 Sold $500,000 +0.2% $258 / Sq Ft
11/07/2024 11/07/24 Pending -- -- --
10/05/2024 10/05/24 For Sale $499,000 +72.1% $257 / Sq Ft
07/06/2020 07/06/20 Sold $290,000 0.0% $149 / Sq Ft View Prior Sale
05/27/2020 05/27/20 Pending -- -- --
04/22/2020 04/22/20 For Sale $290,000 +7.4% $149 / Sq Ft
08/14/2018 08/14/18 Sold $270,000 0.0% $148 / Sq Ft View Prior Sale
07/06/2018 07/06/18 Pending -- -- --
04/23/2018 04/23/18 For Sale $270,000 -- $148 / 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 $4,990 $436,200 $139,900 $296,300
2023 $46 $399,500 $128,700 $270,800
2022 $4,436 $358,900 $116,600 $242,300
2021 $3,602 $278,700 $99,300 $179,400
2020 $3,472 $274,900 $99,300 $175,600
2019 $4,066 $274,900 $99,300 $175,600
2018 $4,058 $300,100 $100,400 $199,700
2017 $3,442 $316,800 $105,700 $211,100
2016 $2,604 $276,500 $74,700 $201,800
2015 $1,242 $216,200 $66,100 $150,100
2014 $1,702 $114,400 $66,100 $48,300
2012 -- $129,100 $43,400 $85,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6116782

APN: 80-217-0230