$620,000
SOLD MAY 26, 2022

1818-1 W Highway 61 Grand Marais, MN 55604

8 Beds
6 Baths
960 Sq Ft
1.31 Acres

Recently Sold

$646 Per Sq Ft

13% Above List Price

5 Days on Market

Highlights

  • No HOA
  • 1-Story Property
  • Level Lot
  • Views
  • Baseboard Heating
  • Wood Siding

About This Home

As of May 2022

Unique opportunity to find long-term, residential rental homes in the city limits of Grand Marais. There are two 3 bedroom, 2 bathroom homes and a two bedroom, 2 bath home. These charming homes are all one level, feature electric heat and are completed with half-log interior siding. There is room for expansion on this 1.3+ acre property that includes additional building pads with utilities stubbed in at the site. The property is zoned Commercial Industrial, so it could be converted to vacation rentals or some other type of commercial usage. The property is located off Highway 61 and abuts the Bike Trail, which doubles as a great walking path to downtown Grand Marais.

Last Agent to Sell the Property

Virginia Detrick Palmer

Coldwell Banker North Shore Listed on: 03/09/2022

Last Buyer's Agent

Eric Frost

Coldwell Banker North Shore

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,168

Year Built

  • Built in 2000

Lot Details

  • 1.31 Acre Lot
  • Lot Dimensions are 250 x 255
  • Property fronts a highway
  • Level Lot
  • Few Trees

Home Design

  • Poured Concrete
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Log Siding
  • Modular or Manufactured Materials

Interior Spaces

  • 960 Sq Ft Home
  • 1-Story Property
  • Crawl Space
  • Property Views

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Parking

  • No Garage
  • Off-Street Parking

Utilities

  • Baseboard Heating
  • Electric Water Heater
  • Fiber Optics Available

Community Details

  • No Home Owners Association
  • 3 Units

Listing and Financial Details

  • Tenant pays for internet service, electric, trash, water, sewer
  • Assessor Parcel Number 80-020-3280

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,168

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Directions: From downtown Grand Marais, West on Highway 61 for just over a mile. The 3 units are on the South side of Highway 61.
  • InternetOptions: Fiber Optic
  • L O1 Office Phone1 Number: 218-387-2131
  • List Price/ Sq Ft: 645.83
  • Remodeled Addition: No
  • Tax Year: 2021
  • Twp Number: 61
  • View Type:Pond View: Typical
  • Lot Description Waterfront: No
  • Property Info:Total 34 Baths2: 2
  • CondoPropertyType: Single
  • Mfg And Park Info Construction Type: Frame/Wood, Modular
  • FinFootageAboveGrade: 960
  • F I R E P L A C E2: No
  • Upper Level Totals:Fireplace3: No
  • Garage Type: None
  • Heat: Baseboard, Electric
  • Reso Roof: Asphalt Shingles
  • TotalBedrooms: 8
  • MediaType: Multi-Family
  • Year Built: 2000
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Features: N/A
  • Basement Material: Poured Concrete
  • Basement Style: Crawl Space, None
  • Stories: 1 Story
  • Total Bathrooms: 6
  • Total Fin Square Footage: 960

Exterior Features

  • Road Frontage: Highway, Paved, State
  • Construction Status: Previously Owned
  • Exterior: Log, Wood

Garage/Parking

  • Parking Driveway: Off Street

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Association/Amenities

  • AmenitiesFireplace1: No

Schools

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

Lot Info

  • Geo Update Timestamp: 2022-03-09
  • Estimated Lot Dimensions: 250 x 255
  • Estimated Number of Acres: 1.31
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Tree Coverage - Light, Level
  • Parcel Number: 80-020-3280

Rental Info

  • Lease Terms: Cash, Conventional
  • Tenant Expense: Internet Service, Electric, Trash, Water, Sewer

Tax Info

  • Tax Amount: 5168

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2022
Closed on
May 26, 2022
Sold by
The Stanley J Bautch Sr Trust
Bought by
Bfb Management Llc
Seller's Agent
Virginia Detrick Palmer
Coldwell Banker North Shore
Buyer's Agent
Eric Frost
Coldwell Banker North Shore
List Price
$549,900
Sold Price
$620,000
Premium/Discount to List
$70,100
12.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-7.80%
Original Mortgage
$496,000
Outstanding Balance
$472,904
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$8,360
Source: Public Records

Similar Home in Grand Marais, MN

  • 1818-1 W Highway 61, Grand Marais, MN 55604

    $639,900

    • 8 Beds
    • 6 Baths
    • 960 Sq Ft
    • 1818-1 W Highway 61
    • Grand Marais, MN

    Unique opportunity to find long-term, residential rental homes in the city limits of Grand Marais. There are two 3 bedroom, 2 bathroom homes and a two bedroom, 2 bath home. These homes are all one level, feature electric heat and are completed with half-log interior siding. There is room for expansion on this 1.3+ acre property that includes additional building pads with utilities stubbed in

    Virginia Detrick Palmer Coldwell Banker North Shore

    Section Image
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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $620,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $496,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2025 07/18/25 For Sale $639,900 +3.2% $667 / Sq Ft
05/26/2022 05/26/22 Sold $620,000 +12.7% $646 / Sq Ft
03/14/2022 03/14/22 Pending -- -- --
03/09/2022 03/09/22 For Sale $549,900 -- $573 / 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 $5,122 $447,800 $107,500 $340,300
2023 $48 $412,800 $103,100 $309,700
2022 $5,370 $360,700 $93,300 $267,400
2021 $5,168 $337,400 $88,900 $248,500
2020 $5,202 $332,000 $88,900 $243,100
2019 -- $334,700 $88,900 $245,800
2018 -- $251,600 $60,900 $190,700
2017 -- $254,100 $61,000 $193,100
2016 -- $252,800 $59,700 $193,100
2015 -- $254,900 $59,700 $195,200
2014 -- $256,900 $59,700 $197,200
Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2025

    Virginia Detrick Palmer

    Coldwell Banker North Shore

    (218) 387-2131

    234 Total Sales

    Virginia Detrick Palmer
    Section Image

  • E

    Buyer's Agent in 2022

    Eric Frost

    Coldwell Banker North Shore

    (218) 370-1362

    37 Total Sales

    Eric Frost
    Section Image
See All Agents

Map

Source: Lake Superior Area REALTORS®

MLS Number: 6101604

APN: 80-020-3280

Minnesota Cook County Grand Marais 55604

1818-1 W Highway 61, Grand Marais, MN

This home is located at 1818-1 W Highway 61, Grand Marais, MN 55604 and is currently priced at $620,000, approximately $645 per square foot. This property was built in 2000. 1818-1 W Highway 61 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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