NOT LISTED FOR SALE

22 Isak Ridge Lutsen, MN 55612

Estimated Value: $548,000 - $762,000

3 Beds
3 Baths
1,896 Sq Ft
$328/Sq Ft Est. Value

Last Sold December 11, 2020

Last sale price $425,000 $224 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $3,649/month

7 Days on Market

Highlights

  • Post and Beam
  • Sun or Florida Room
  • Bathroom on Main Level
  • Main Floor Primary Bedroom
  • Great Room
  • Dining Room

About This Home

As of December 2020

If you've been searching for your northwoods escape, you've just found it! Truly magnificent Lindal cedar home nestled in the woods, affording all the quiet and privacy you deserve. Settle in with a good book in front of the roaring fire, sip your coffee from the master bedroom loft balcony, or take a hike on one of the many adjacent trails. And if you have family gatherings in mind, this home is designed for entertaining, and can accommodate your entire extended family and groups of friends with its 3 bedrooms, 3 baths, great room and lower-level family/game room. Located in the hub of northern Minnesota's finest outdoor recreational area, you are only minutes from the Lutsen Mountains ski resort and Superior National golf course, as well as the public landing on Caribou Lake. Cross country ski from your door to miles of groomed trails, or if you want something a bit faster-paced, snowmobile trails are close by. This home is ready for you whether you're looking for a retirement home in the northwoods, or if you wish to use this as an occasional vacation escape. For the past twelve years this property has been part of a highly successful vacation rental program, and would be very easy to continue if desired. Call today for your private showing.

Last Agent to Sell the Property

Frank Lehto

Pathfinder Realty, LLC Listed on: 10/10/2020

Last Buyer's Agent

Lisa Michalski

Edina Realty, Inc. - Duluth

Edina Realty, Inc. - Duluth

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,000

Year Built

  • Built in 2005

Lot Details

  • 1.65 Acre Lot

HOA Fees

  • $31 Monthly HOA Fees

Parking

  • No Garage

Home Design

  • Post and Beam
  • Wood Siding

Interior Spaces

  • Multi-Level Property
  • Wood Burning Fireplace
  • Great Room
  • Family Room
  • Dining Room
  • Sun or Florida Room
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

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

Utilities

  • Heating Available
  • Private Water Source
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number 27-156-1103

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,000

Year Built

Built in 2005

Lot Details

0

HOA Fees

$31 per month

Listing Details

  • Class: SINGLE FAMILY
  • Directions: Highway 61 to north on County Rd 4, Caribou Trail approximately 1.7 miles to right on High Forest Trail, left on Maple Leaf Trail to Right on Isak Ridge to property
  • L O1 Office Phone1 Number: 218-387-1501
  • Property Sub-Type: SF/Detached
  • Tax Year: 2020
  • Lot Description Waterfront: No
  • Mfg And Park Info Construction Type: Timber/Post & Beam
  • FinFootageAboveGrade: 1296
  • Below Grade Finished Sq Ft: 600
  • Garage Type: None
  • Heat: Electric
  • Fireplaces: 1
  • MainFloorBath: Yes
  • Room 10: Bedroom
  • Room 11: Bathroom
  • Bedroom 3: Kitchen
  • TotalBedrooms: 3
  • Year Built: 2005
  • Level 1 Bedroom: Main
  • RoomLevel10: Lower
  • RoomLevel11: Lower
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • RoomLevel6: Main
  • RoomLevel7: Upper
  • RoomLevel8: Upper
  • RoomLevel9: Lower
  • Property Style: Multi-level
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 2
  • Basement Material: Wood
  • Basement Style: Full
  • Bathroom Description: Full Main Floor
  • Fireplace: Yes
  • Den Fireplace Type: Wood Burning
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Great Room
  • Bathroom 2: Dining Room
  • Main Residence Features:Family Room4: Bedroom
  • Bedroom 5: Bathroom
  • Stories: 1.25 - 1.75 Story
  • Room 6: Sunroom/Solarium
  • Room 7: Master Bedroom
  • Room 8: Bathroom
  • Room 9: Family Room
  • Total Bathrooms: 3
  • Total Fin Square Footage: 1896
  • Exercise Room Level2: Main

Exterior Features

  • Construction Status: Previously Owned
  • Exterior: Wood

Utilities

  • Power Company: Arrowhead Electric
  • Sewer: Private
  • Water: Private

Condo/Co-op/Association

  • Association Fee: Yes
  • Association Fee Frequency: Yearly

Association/Amenities

  • FeesAssociationFeeAmount: 375

Fee Information

  • Association Fee Includes: Other
  • Insurance Expense: No

Schools

  • Junior High Dist: Cook County #166

Lot Info

  • Estimated Lot Dimensions: Irregular
  • Estimated Number of Acres: 1.65
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 27-156-1103

Tax Info

  • Tax Amount: 3000

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2020
Closed on
Dec 8, 2020
Bought by
Kannapiran Madhu Madhu
Seller's Agent
Frank Lehto
Pathfinder Realty, LLC
Buyer's Agent
Lisa Michalski
Edina Realty, Inc. - Duluth
List Price
$425,000
Sold Price
$425,000
Current Estimated Value
$620,970

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$195,970
Avg. Annual Appreciation
8.08%
Original Mortgage
$340,000
Outstanding Balance
$302,756
Interest Rate
2.71%
Estimated Equity
$318,214
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
Kannapiran Madhu Madhu $425,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kannapiran Madhu Madhu $340,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/11/2020 12/11/20 Sold $425,000 0.0% $224 / Sq Ft
10/17/2020 10/17/20 Pending -- -- --
10/10/2020 10/10/20 For Sale $425,000 -- $224 / 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 $4,418 $529,000 $72,500 $456,500
2023 $38 $476,800 $63,700 $413,100
2022 $3,126 $448,100 $63,700 $384,400
2021 $6,974 $289,200 $69,500 $219,700
2020 $3,000 $303,000 $90,000 $213,000
2019 $2,486 $272,600 $59,400 $213,200
2018 $2,994 $255,100 $59,400 $195,700
2017 $2,804 $326,800 $39,100 $287,700
2016 $2,730 $326,800 $39,100 $287,700
2015 $2,590 $349,100 $61,400 $287,700
2014 $2,536 $349,100 $61,400 $287,700
2012 -- $349,100 $61,400 $287,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6093563

APN: 27-156-1103