NOT LISTED FOR SALE

1471 Tom Lake Rd Unit Tom Lake Hovland, MN 55606

Estimated Value: $222,034 - $260,000

1 Bed
-- Bath
1,104 Sq Ft
$218/Sq Ft Est. Value

Last Sold June 15, 2018

Last sale price $137,500 $125 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $1,512/month

25 Days on Market

Highlights

  • 200 Feet of Waterfront
  • Sauna
  • Deck
  • Spa
  • Lake View
  • Main Floor Primary Bedroom

About This Home

As of June 2018

Welcome to Tom Lake and this incredible North Shore get-away. Just a reasonable drive from downtown Grand Marais and Lake Superior, this cabin offers the true lakeshore cabin experience. The wood-fired sauna is the perfect option to bathing/showering, the outhouse doesn't feel like an "outhouse" as many folks may possibly envision it to be, loads of storage in the impeccably built shed and the cabin is just...well...it's PERFECT! Wonderful lake views from all rooms, including the bedroom space and the highly functional layout create the ideal setting. Solitude, peacefulness, privacy all perched on the shores of a great fishing lake. The updated roof, fascia and freshly painted siding mean you don't have to do anything except enjoy the space! Power/broadband (internet) are available to bring in if one wished to do so but it's exceptionally enjoyable as it sits. Additional bonus feature is that many of the furnishings, the dock and the boat ramp stay.

Last Agent to Sell the Property

Linda Garrity

Songbird Realty MN Listed on: 04/30/2018

Last Buyer's Agent

Terry Backlund

Backlund Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,208

Year Built

  • Built in 1995

Lot Details

  • 2.49 Acre Lot
  • Lot Dimensions are 190 x 702
  • 200 Feet of Waterfront
  • Lake Front
  • Many Trees

Home Design

  • Cabin
  • Concrete Foundation
  • Wood Frame Construction
  • Wood Siding

Interior Spaces

  • 1 Primary Bedroom on Main
  • 1-Story Property
  • Wood Burning Fireplace
  • Living Room
  • Combination Kitchen and Dining Room
  • Sauna
  • Range
  • Lake Views
  • Crawl Space

Parking

  • No Garage
  • Gravel Driveway
  • Off-Street Parking

Outdoor Features

  • Spa
  • Deck
  • Storage Shed
  • Outhouse

Utilities

  • No Cooling
  • Heating System Uses Wood
  • Heating System Uses Propane
  • Water Not Available
  • Not Connected to Sewer

Listing and Financial Details

  • Assessor Parcel Number 55-321-1125

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,208

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: Highway 61 east of Grand Marais, into Hovland. Head north on the Arrowhead Trail to Irish Creek Rd. (approx. 7 miles). Take a left and follow that until you get to Tom Lake Rd. Stay left and look for 1471 Tom Lake Rd. on the lakeside.
  • L O1 Office Phone1 Number: 218-387-9599
  • List Price/ Sq Ft: 124.55
  • Road Maintenance: Private
  • Property Sub-Type: SF/Detached
  • Tax Year: 2018
  • View Type:Pond View: Inland Lake
  • Lot Description Waterfront: Yes
  • Air Conditioner: None
  • Amenities Exterior: Deck
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 552
  • Below Grade Finished Sq Ft: 552
  • Garage Type: None
  • Heat: Wood, Propane
  • RdBtwnWtrfrntAndHome: No
  • Bedroom 3: Spa/Sauna
  • TotalBedrooms: 1
  • Year Built: 1995
  • Level 1 Bedroom: Main
  • Property Style: Rustic Cabin
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range/Stove, Refrigerator
  • Basement Material: Concrete Block
  • Estimated Basement Sq Ft: 552
  • Basement Style: Crawl Space
  • Bathroom Description: None
  • Formal Dining: Combine with Kitchen
  • Fireplace: Yes
  • Den Fireplace Type: Wood Burning
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Bedroom
  • Stories: 1 Story
  • Total Fin Square Footage: 1104
  • Exercise Room Level2: Main

Exterior Features

  • Out Buildings: Sauna, Storage Shed
  • Water Frontage In Feet: 200
  • Waterfront Name: Tom
  • Construction Status: Previously Owned
  • Exterior: Wood

Garage/Parking

  • Parking Driveway: Off Street, Driveway - Gravel

Utilities

  • Power Company: Arrowhead Electric
  • Sewer: None, Outhouse
  • Water: None

Schools

  • School District: Cook County #166
  • Junior High Dist: Cook County #166

Lot Info

  • Geo Update Timestamp: 2018-05-01
  • Estimated Lot Dimensions: 190 x 702
  • Estimated Number of Acres: 2.49
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Accessible Shoreline, Tree Coverage - Heavy
  • Parcel Number: 55-321-1125
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 1208

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2018
Closed on
Jun 15, 2018
Sold by
Seydel Craig Craig
Bought by
Oberg Jack Jack
Seller's Agent
Linda Garrity
Songbird Realty MN
Buyer's Agent
Terry Backlund
Backlund Realty LLC
List Price
$137,500
Sold Price
$137,500
Current Estimated Value
$246,649

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,149
Avg. Annual Appreciation
7.69%
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
Oberg Jack Jack $137,500 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2018 06/15/18 Sold $137,500 0.0% $125 / Sq Ft
05/25/2018 05/25/18 Pending -- -- --
04/30/2018 04/30/18 For Sale $137,500 -- $125 / 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 $1,804 $205,400 $102,300 $103,100
2023 $19 $176,700 $96,500 $80,200
2022 $1,504 $173,600 $96,500 $77,100
2021 $1,676 $130,300 $68,600 $61,700
2020 $1,294 $137,300 $76,800 $60,500
2019 $1,160 $111,000 $76,100 $34,900
2018 $1,208 $106,000 $76,100 $29,900
2017 $1,134 $117,900 $84,300 $33,600
2016 $1,092 $117,900 $84,300 $33,600
2015 $806 $118,300 $84,300 $34,000
2014 $808 $118,300 $84,300 $34,000
2012 -- $122,900 $82,000 $40,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6074563

APN: 55-321-1125