NOT LISTED FOR SALE

1640 W 5th St Grand Marais, MN 55604

Estimated Value: $344,000 - $419,000

2 Beds
2 Baths
1,330 Sq Ft
$291/Sq Ft Est. Value

Last Sold July 22, 2016

Last sale price $205,500 $155 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $2,255/month

7 Days on Market

Highlights

  • Lake View
  • Recreation Room
  • Wood Flooring
  • Deck
  • Vaulted Ceiling
  • Main Floor Primary Bedroom

About This Home

As of July 2016

Warm Home-Edge of Grand Marais. This 2 bedroom, 2 bath home on County Rd 7 has a nice yard with pines and lake views. The quality built home has just undergone many updates including: new roof, hardwood floors, kitchen cupboards, quartz countertops and tile backsplash, with new stainless appliances. There's a new furnace, new septic system and new well pump. The mechanical systems have never been better! Other features include a wood burning fireplace in the living room, vaulted and beamed ceilings, huge deck with patio door off the kitchen, main floor laundry, and large family room or extra bedroom in the lower level. The single-car garage has large storage wings on both sides with plenty of room for your toys. Good garden space is plentiful. Located within walking distance of town.

Last Agent to Sell the Property

Mike Raymond

Red Pine Realty Listed on: 05/25/2016

Last Buyer's Agent

Terry Backlund

Backlund Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,097

Year Built

  • Built in 1960

Lot Details

  • 2.3 Acre Lot
  • Lot Dimensions are 200 x 500
  • Property fronts a county road
  • Lot Has A Rolling Slope
  • Landscaped with Trees

Home Design

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

Interior Spaces

  • 2-Story Property
  • Beamed Ceilings
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Wood Frame Window
  • Family Room
  • Living Room
  • Combination Kitchen and Dining Room
  • Recreation Room
  • Center Hall
  • Wood Flooring
  • Lake Views

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

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

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Partially Finished Basement

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

Parking

  • 1 Car Detached Garage
  • Off-Street Parking

Outdoor Features

  • Deck

Utilities

  • Baseboard Heating
  • Boiler Heating System
  • Heating System Uses Propane
  • Private Water Source
  • Electric Water Heater
  • Fuel Tank
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number 80-020-2315

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,097

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: West on Co. Rd 7 to sign.
  • L O1 Office Phone1 Number: 218-387-9599
  • List Price/ Sq Ft: 154.51
  • Road Maintenance: Public
  • Property Sub-Type: SF/Detached
  • Tax Year: 2016
  • View Type:Pond View: Lake Superior
  • Lot Description Waterfront: No
  • Reso Association Amenities: Ceiling Fans, Eat-In Kitchen, Hardwood Floors, Vaulted Ceilings, Beamed Ceilings, Center Hall, Patio Door, Main Floor Laundry, Washer Hook-Ups
  • Amenities Exterior: Deck
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 988
  • Below Grade Finished Sq Ft: 342
  • Garage Type: Detached
  • Heat: Baseboard, Boiler, Propane
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Master Bedroom
  • TotalBedrooms: 2
  • Year Built: 1960
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Lower
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Appliances: Dishwasher, Dryer, Microwave, Range/Stove, Refrigerator, Washer
  • Basement Features: Partially Finished, Walkout, Bath, Family/Rec Room
  • Basement Material: Concrete Block
  • Estimated Basement Sq Ft: 988
  • Basement Style: Full
  • Bathroom 1 Level: 1
  • Bathroom Description: 3/4 Basement, Full Main Floor
  • Formal Dining: Combine with Kitchen
  • Extra Rooms: Family/Rec
  • Fireplace: Yes
  • Den Fireplace Type: Wood Burning
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Kitchen
  • Main Residence Features:Family Room4: Bedroom
  • Bedroom 5: Rec Room
  • Stories: 2 Story
  • Total Bathrooms: 2
  • Total Fin Square Footage: 1330
  • Exercise Room Level2: Main

Exterior Features

  • Road Frontage: County
  • Construction Status: Previously Owned
  • Exterior: Vinyl
  • Window Features:Insulated Windows: Wood Frame

Garage/Parking

  • Parking Driveway: Off Street
  • Garage Capacity: 1

Utilities

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

Schools

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

Lot Info

  • Geo Update Timestamp: 2016-07-22
  • Estimated Lot Dimensions: 200 X 500
  • Estimated Number of Acres: 2.3
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Tree Coverage - Medium, Rolling
  • Parcel Number: 80-020-2315

Rental Info

  • Lease Terms: Cash, Conventional, FHA, VA DVA

Tax Info

  • Tax Amount: 1096.68

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2016
Closed on
Jul 13, 2016
Sold by
Schultz Betty Betty
Bought by
Ternes Cooper and Ternes Erika
Seller's Agent
Mike Raymond
Red Pine Realty
Buyer's Agent
Terry Backlund
Backlund Realty LLC
List Price
$205,500
Sold Price
$205,500
Current Estimated Value
$387,423

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$181,923
Avg. Annual Appreciation
7.10%
Original Mortgage
$205,500
Outstanding Balance
$164,473
Interest Rate
3.66%
Estimated Equity
$222,950

Purchase Details

Listed on
Sep 4, 2013
Closed on
Mar 7, 2014
Bought by
Schultz Betty and Schultz Karlo
Seller's Agent
Cory Rudnitski
RE/MAX Advantage Plus
Buyer's Agent
NON-RMLS NON-RMLS
Non-MLS
List Price
$163,900
Sold Price
$90,000
Premium/Discount to List
-$73,900
-45.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
41.47%
Source: Public Records

Range of Values:

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Average Value
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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
Ternes Cooper $205,500 --
Schultz Betty $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ternes Cooper $205,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/22/2016 07/22/16 Sold $205,500 0.0% $155 / Sq Ft
06/01/2016 06/01/16 Pending -- -- --
05/25/2016 05/25/16 For Sale $205,500 +128.3% $155 / Sq Ft
03/07/2014 03/07/14 Sold $90,000 -45.1% $68 / Sq Ft View Prior Sale
02/20/2014 02/20/14 Pending -- -- --
09/04/2013 09/04/13 For Sale $163,900 -- $123 / 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 $2,480 $322,851 $74,116 $248,735
2023 $25 $299,897 $65,642 $234,255
2022 $2,248 $255,316 $62,307 $193,009
2021 $2,154 $195,366 $47,972 $147,394
2020 $2,124 $191,769 $47,828 $143,941
2019 $1,856 $189,698 $47,743 $141,955
2018 $1,756 $177,600 $55,700 $121,900
2017 $1,274 $157,652 $49,112 $108,540
2016 $3,674 $123,100 $43,800 $79,300
2015 $1,028 $124,300 $43,900 $80,400
2014 $1,460 $125,600 $44,000 $81,600
2012 -- $169,400 $66,900 $102,500
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2016

    Mike Raymond

    Red Pine Realty

    (218) 370-0373

    152 Total Sales

    Mike Raymond
    Section Image

  • T

    Buyer's Agent in 2016

    Terry Backlund

    Backlund Realty LLC

    (218) 370-8977

    73 Total Sales

    Terry Backlund
    Section Image

  • C

    Seller's Agent in 2014

    Cory Rudnitski

    RE/MAX

  • D

    Seller Co-Listing Agent in 2014

    David Widell

    RE/MAX

  • N

    Buyer's Agent in 2014

    NON-RMLS NON-RMLS

    Non-MLS

See All Agents

Map

Source: Lake Superior Area REALTORS®

MLS Number: 6022674

APN: 80-020-2315

Minnesota Cook County Grand Marais 55604

1640 W 5th St, Grand Marais, MN

This home is located at 1640 W 5th St, Grand Marais, MN 55604 since 25 May 2016 and is currently estimated at $387,423, approximately $291 per square foot. This property was built in 1960. 1640 W 5th St is a home located in Cook County with nearby schools including Sawtooth Mountain Elementary School, Cook County Middle School, and Cook County Senior High School.

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