NOT LISTED FOR SALE

177 Needham Rd Grand Marais, MN 55604

Estimated Value: $550,000 - $1,014,278

3 Beds
1 Bath
1,175 Sq Ft
$715/Sq Ft Est. Value

Last Sold December 16, 2021

Last sale price $840,000 $715 Per Sq Ft

Current estimated payment $5,123/month

22 Days on Market

Highlights

  • Boathouse
  • Docks
  • Guest House
  • Private Waterfront
  • Beach Access
  • Second Kitchen

About This Home

As of December 2021

Check out this phenomenal, quintessential Gunflint Trail estate, located on 4+ acres with 560 ft. of shoreline on Bearskin Lake AND frontage on the coveted Hungry Jack Lake. The original cabin consists of 3 bedrooms, 1 bath, was built by Charlie Boostrom and is filled with custom made furnishings by local legend, Billy Needham. The cabin oozes charm with the full logs, massive rock fireplace, wood floors, attached porch and is finished off with a large deck, surrounded by beautiful trees. In 2005, the owner built the Carriage House, with 3 garage stalls and a beautiful 2 bedroom, 1 bath apartment with a large deck overlooking the property. It is such an attractive space with cathedral ceilings, large windows, knotty pine woodwork throughout, a kitchen with tons of storage and a spacious great room complete with a gas fireplace. Additional buildings include an amazing screen porch overlooking the lake; the boat house, with 2 separate guest rooms; and a shower house, providing plenty of room for large groups. The property is stunning with a healthy mix of trees, including some majestic pine & white cedar trees and there are several walking trails. Across the lake is USFS land and on the south side, it is bordered by USFS land for added privacy. Bearskin provides some exceptional access points to the BWCA, as well as being located in the heart of the Gunflint Trail, minutes away from dining, hiking, biking, skiing and snowmobiling trails. It is basically being sold turn-key, including some canoes and a boat & motor and is truly a one of a kind property with boundless options due to having a total of 7 bedrooms and 3 bathrooms. Property has year round access, WIFI (perfect for working remotely) and all utilities, making it an exceptional property for a home, cabin or family retreat.

Last Agent to Sell the Property

Virginia Detrick Palmer

Coldwell Banker North Shore Listed on: 10/08/2021

Last Buyer's Agent

Inger Andress

Edina Realty, Inc. - Lutsen

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,900

Year Built

  • Built in 1939

Lot Details

  • 4.3 Acre Lot
  • Private Waterfront
  • 559 Feet of Waterfront
  • Lake Front
  • Property fronts a private road
  • Elevated Lot
  • Irregular Lot
  • Lot Has A Rolling Slope
  • Unpaved Streets
  • Landscaped with Trees

Home Design

  • Log Cabin
  • Pillar, Post or Pier Foundation
  • Slab Foundation
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Metal Roof
  • Wood Siding
  • Log Siding

Interior Spaces

  • 1,175 Sq Ft Home
  • 1-Story Property
  • Woodwork
  • Beamed Ceilings
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Wood Frame Window
  • Great Room
  • Combination Dining and Living Room
  • Wood Flooring
  • Lake Views

Kitchen

  • Second Kitchen
  • Range
  • Microwave

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • 3 Car Detached Garage
  • Garage Apartment
  • Heated Garage
  • Insulated Garage
  • Bathroom In Garage
  • Garage Door Opener
  • Gravel Driveway

Outdoor Features

  • Beach Access
  • Boathouse
  • Docks
  • Enclosed Patio or Porch

Utilities

  • No Cooling
  • Boiler Heating System
  • Heating System Uses Wood
  • Private Water Source
  • Private Sewer
  • Fiber Optics Available

Additional Features

  • Energy-Efficient Windows
  • Guest House
  • Bunk House

Community Details

  • Property is near a preserve or public land

Listing and Financial Details

  • Assessor Parcel Number 52-535-3410

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,900

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Grand Marais take the Gunflint Trail to the Clearwater Road, turn right, drive approx. 3 miles, turn left onto Needham Road. Go over the bridge and follow the road to #177 on the right.
  • InternetOptions: Fiber Optic
  • Waterfront Info Lake Maximum Depth: 78
  • L O1 Office Phone1 Number: 218-387-2131
  • List Price/ Sq Ft: 714.89
  • PropAdjoinsPublicLand: Yes
  • Road Maintenance: Private
  • ShorelineCharacteristics: Hard, Rocky, Shore-Accessible, Elevation-Low, Elevation-High
  • Property Sub-Type: SF/Detached
  • Tax Year: 2021
  • Twp Number: 65
  • View Type:Pond View: Inland Lake
  • Lot Description Waterfront: Yes
  • Air Conditioner: None
  • Reso Association Amenities: Ceiling Fans, Garage Door Opener, Hardwood Floors, Natural Woodwork, Vaulted Ceilings, Beamed Ceilings
  • Amenities Exterior: Dock
  • Mfg And Park Info Construction Type: Frame/Wood, Log Home
  • FinFootageAboveGrade: 1175
  • Garage Type: Detached
  • Heat: Boiler, Wood, Electric
  • Fireplaces: 1
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Asphalt Shingles, Metal
  • Room 10: Bathroom
  • Room 11: Living Room
  • Bedroom 3: 4 Season Porch
  • TotalBedrooms: 3
  • Year Built: 1939
  • Level 1 Bedroom: Main
  • RoomLevel10: Second Floor
  • RoomLevel11: Second Floor
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • RoomLevel6: Main
  • RoomLevel7: Main
  • RoomLevel8: Second Floor
  • RoomLevel9: Second Floor
  • Property Style: Log
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer, Microwave, Range/Stove, Refrigerator, Washer
  • Basement Material: N/A
  • Basement Style: Posts, Slab/Engineer Report
  • Bathroom Description: 3/4 Main Floor, Full Main Floor
  • Formal Dining: Combine with Living Room, Informal Dining Room
  • Extra Rooms: Second Kitchen, 4 Season Porch
  • Fireplace: Yes
  • Den Fireplace Type: Wood Burning
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Kitchen
  • Bathroom 2: Great Room
  • Main Residence Features:Family Room4: Bedroom
  • Bedroom 5: Bathroom
  • Stories: 1 Story
  • Room 6: Bedroom
  • Room 7: Bedroom
  • Room 8: Kitchen
  • Room 9: Bedroom
  • Total Bathrooms: 1
  • Total Fin Square Footage: 1175
  • Exercise Room Level2: Main

Exterior Features

  • LakeAcres: 509
  • Out Buildings: Boathouse, Screenhouse, Bunkhouse, Guesthouse
  • Road Frontage: Private, Unpaved
  • Waterfront Access: Private
  • Water Frontage In Feet: 559
  • Waterfront Name: Bearskin
  • Construction Status: Previously Owned
  • Exterior: Log, Wood
  • Window Features:Insulated Windows: Energy Windows, Wood Frame

Garage/Parking

  • Parking Driveway: Driveway - Gravel
  • Garage Features: Apartment, Bathroom, Bedroom, Electrical Service, Heat, Insulation, Kitchen, Plumbing, Slab
  • Garage Capacity: 3
  • ParkingFeaturesGarageDimensions: 28 X 34

Utilities

  • Power Company: Arrowhead Electric
  • Sewer: Private, Drain Field
  • Water: Private

Schools

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

Lot Info

  • Geo Update Timestamp: 2021-10-08
  • Estimated Lot Dimensions: irregular
  • Estimated Number of Acres: 4.3
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Accessible Shoreline, Irregular Lot, Tree Coverage - Medium, High, Rolling, BWCA Area
  • Parcel Number: 52-535-3410
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 4900

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2021
Closed on
Dec 15, 2021
Sold by
Johnson Gary Gary
Bought by
Rierson Eric Eric
Seller's Agent
Virginia Detrick Palmer
Coldwell Banker North Shore
Buyer's Agent
Inger Andress
Edina Realty, Inc. - Lutsen
List Price
$840,000
Sold Price
$840,000
Current Estimated Value
$839,570

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$430
Avg. Annual Appreciation
-0.69%
Original Mortgage
$810,000
Outstanding Balance
$750,986
Interest Rate
3.1%
Estimated Equity
$67,738
Source: Public Records

Range of Values:

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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
Rierson Eric Eric $840,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rierson Eric Eric $810,000
Closed Rierson Eric Eric --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2021 12/16/21 Sold $840,000 0.0% $715 / Sq Ft
10/30/2021 10/30/21 Pending -- -- --
10/08/2021 10/08/21 For Sale $840,000 -- $715 / 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 $7,006 $906,300 $510,300 $396,000
2023 $56 $749,300 $455,600 $293,700
2022 $4,464 $720,700 $480,900 $239,800
2021 $4,900 $478,100 $290,100 $188,000
2020 $5,058 $520,600 $332,000 $188,600
2019 $5,090 $527,500 $325,000 $202,500
2018 $4,654 $519,400 $325,000 $194,400
2017 $6,180 $504,000 $326,500 $177,500
2016 $5,192 $683,000 $470,800 $212,200
2015 $4,934 $634,000 $421,800 $212,200
2014 $3,792 $634,000 $421,800 $212,200
2012 -- $525,200 $313,000 $212,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6100104

APN: 52-535-3410