NOT LISTED FOR SALE

2308 Aikio Island Babbitt, MN 55706

Estimated Value: $84,000 - $372,000

3 Beds
1 Bath
744 Sq Ft
$263/Sq Ft Est. Value

Last Sold October 12, 2018

Last sale price $77,500 $104 Per Sq Ft

Est. 152% increase in value since last sale

Current estimated payment $1,115/month

71 Days on Market

Highlights

  • Private Waterfront
  • Living Room
  • 1-Story Property
  • Spa
  • Bathroom on Main Level
  • Wood Siding

About This Home

As of October 2018

Private retreat on Aikio Island on Birch lake, one of MN's top Walleye Lakes! This well kept cabin, on a level lot, with state land abutting the East side of the lot, offers Southern views, gentle breezes, and a tranquil setting! Great beach area that's nice and sandy and a great dock to park your ride. Three cabins, all wonderfully maintained and kept up! You have the Kitchen cabin, equipped with a stove, dining, and cabinets, Main cabin, with two bedrooms, and large living room with wood burning stove for chillier nights, and a sleeper cabin for extra guests with a roomy sauna attached! Comes equipped with most of what you see, other than some fishing gear and personal effects, but this one is ready to go!

Last Agent to Sell the Property

Andrea Zupancich

Z' Up North Realty Listed on: 07/09/2018

Last Buyer's Agent

Nonmember NONMEMBER

Nonmember Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $810

Year Built

  • Built in 1950

Lot Details

  • 0.4 Acre Lot
  • Lot Dimensions are 151x142
  • Private Waterfront
  • 744 Feet of Waterfront
  • Lake Front

Parking

  • No Garage

Home Design

  • Cabin
  • Wood Frame Construction
  • Wood Siding

Interior Spaces

  • 744 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Living Room

Bedrooms and Bathrooms

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

Outdoor Features

  • Spa
  • Outhouse

Utilities

  • Heating System Uses Wood
  • Private Water Source

Listing and Financial Details

  • Assessor Parcel Number 625-0012-00010

Home Details

Home Type

Single Family

Est. Annual Taxes

$810

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: Birch lake landing to Aikio Island
  • L O1 Office Phone1 Number: 218-827-2288
  • List Price/ Sq Ft: 104.17
  • Property Sub-Type: SF/Detached
  • Tax Year: 2018
  • Lot Description Waterfront: Yes
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 744
  • Garage Type: None
  • Heat: Wood
  • Fireplaces: 1
  • RdBtwnWtrfrntAndHome: No
  • Bedroom 3: Bedroom
  • TotalBedrooms: 3
  • Year Built: 1950
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • Property Style: Rustic Cabin
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Material: N/A
  • Estimated Basement Sq Ft: 744
  • Basement Style: None
  • Bathroom 1 Level: main
  • 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: Spa/Sauna
  • Stories: 1 Story
  • Total Bathrooms: 1
  • Total Fin Square Footage: 744
  • Exercise Room Level2: Main

Exterior Features

  • Waterfront Access: Private
  • Water Frontage In Feet: 744
  • Waterfront Name: Birch
  • Construction Status: Previously Owned
  • Exterior: Wood

Utilities

  • Power Company: Minnesota Power
  • Sewer: Outhouse
  • Water: Private

Schools

  • School District: St. Louis County #2142
  • Junior High Dist: St. Louis County #2142

Lot Info

  • Geo Update Timestamp: 2018-07-09
  • Estimated Lot Dimensions: 151x142
  • Estimated Number of Acres: 0.4
  • Cultivated Acreage: LSAR
  • Geo Match Code: 3
  • Geo Subdivision: MN
  • Parcel Number: 625-0012-00010
  • Waterfront Type: Inland Lake

Tax Info

  • Tax Amount: 810

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2018
Closed on
Oct 12, 2018
Sold by
Krausmann William and Krausmann Camelia
Bought by
Hlebain Joseph S
Seller's Agent
Andrea Zupancich
Z' Up North Realty
Buyer's Agent
Nonmember NONMEMBER
Nonmember Office
List Price
$77,500
Sold Price
$77,500
Current Estimated Value
$195,363

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$117,863
Avg. Annual Appreciation
14.06%
Original Mortgage
$54,250
Outstanding Balance
$44,771
Interest Rate
4.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$150,592
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
Hlebain Joseph S $77,500 All American Title Co Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hlebain Joseph S $54,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/12/2018 10/12/18 Sold $77,500 0.0% $104 / Sq Ft
09/18/2018 09/18/18 Pending -- -- --
07/09/2018 07/09/18 For Sale $77,500 -- $104 / 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
2023 $1,000 $79,300 $63,400 $15,900
2022 $764 $79,300 $63,400 $15,900
2021 $694 $64,800 $56,300 $8,500
2020 $708 $58,700 $51,300 $7,400
2019 $756 $58,700 $51,300 $7,400
2018 $810 $64,400 $56,800 $7,600
2017 $868 $64,500 $56,900 $7,600
2016 $832 $69,000 $60,600 $8,400
2015 $845 $69,000 $60,600 $8,400
2014 $845 $69,000 $60,600 $8,400
Source: Public Records

Agents Affiliated with this Home

  • Andrea Zupancich

    Seller's Agent in 2018

    Andrea Zupancich

    Z' Up North Realty

    (218) 749-0159

    453 Total Sales

    Andrea Zupancich
    Section Image

  • N

    Buyer's Agent in 2018

    Nonmember NONMEMBER

    Nonmember Office

See All Agents

Map

Source: Lake Superior Area REALTORS®

MLS Number: 6076821

APN: 625001200010

Minnesota St Louis County Babbitt 55706

2308 Aikio Island, Babbitt, MN

This home is located at 2308 Aikio Island, Babbitt, MN 55706 since 09 July 2018 and is currently estimated at $195,363, approximately $262 per square foot. This property was built in 1950. 2308 Aikio Island is a home located in St. Louis County with nearby schools including Babbitt Elementary School.

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