NOT LISTED FOR SALE

2568 State 87 NW Backus, MN 56435

Estimated Value: $278,000 - $320,000

2 Beds
1 Bath
884 Sq Ft
$329/Sq Ft Est. Value

Last Sold March 18, 2024

Last sale price $240,000 $271 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $1,598/month

166 Days on Market

Highlights

  • 175 Feet of Waterfront
  • Living Room
  • 1-Story Property
  • No HOA
  • Laundry Room
  • Combination Kitchen and Dining Room

About This Home

As of March 2024

A spectacular lake front property with a great beach area! 200 feet of level elevation in a picturesque setting on nearly 3.5 acres. The home is PRICED BELOW ASSESSED VALUE !! If you are looking for a lake front bargain this is the one! Great opportunity to create your own legacy property!

Last Agent to Sell the Property

Alyssa Sharpe

RE/MAX Results - Nisswa Listed on: 09/12/2023

RE/MAX Results - Nisswa

Co-Listed By

Patrick Wiebusch

RE/MAX Results - Nisswa

Last Buyer's Agent

Alyssa Sharpe

RE/MAX Results - Nisswa Listed on: 09/12/2023

RE/MAX Results - Nisswa

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,850

Year Built

  • Built in 1962

Lot Details

  • 3.03 Acre Lot
  • 175 Feet of Waterfront
  • Lake Front
  • Many Trees
  • Additional Parcels
  • Zoning described as Shoreline

Parking

  • 2 Car Garage
  • Heated Garage

Home Design

  • Wood Siding

Interior Spaces

  • 884 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Combination Kitchen and Dining Room
  • Laundry Room

Kitchen

  • Range
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Basement

  • Partial Basement
  • Block Basement Construction

Utilities

  • No Cooling
  • Private Water Source
  • Well

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 340242119

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,850

Year Built

Built in 1962

Lot Details

3.03 Acres

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: None
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: Private, Well
  • Year Built: 1962
  • Above Grade Finished Sq Ft: 884
  • Water Body Name: Big Portage
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Block, Partial
  • Appliances: Microwave, Range, Refrigerator
  • Living Area: 884
  • Fireplace: No
  • Basement YN: Yes
  • Dining Room Type: Kitchen, Living Room, Bedroom 1, Bedroom 2, Laundry

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Roof: Age Over 8 Years
  • Other Structures: Storage Shed
  • LakeChain: Y
  • Elevation Highpoint to Waterfront Feet: 0-4
  • Waterfront Frontage: 175
  • Lake Chain Acreage: 1031
  • Lake Chain Name: Portage

Garage/Parking

  • Parking Features: Detached, Heated Garage

Utilities

  • Heating: Other
  • Sewer: Private Sewer, Tank with Drainage Field
  • Fuel: Electric

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Pine River-Backus
  • SchoolDistrictPhone: 218-587-4720

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: 213x485x487xirr
  • Lot Size Sq Ft: 131986.8
  • Land Lease: No
  • Lot Features: Many Trees
  • Additional Parcels: Yes
  • Zoning Description: Shoreline
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Wood Siding

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 340242119
  • Tax Annual Amount: 1850
  • TaxWithAssessments: 1916.0000

Multi Family

  • WaterfrontFeatures: Lake Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2023
Closed on
Mar 18, 2024
Sold by
Becker Catherine and Estate Of Jeanne M Becker
Bought by
Advanced Appraisal Solo 401K Plan
Seller's Agent
Alyssa Sharpe
RE/MAX Results - Nisswa
Buyer's Agent
Alyssa Sharpe
RE/MAX Results - Nisswa
List Price
$329,900
Sold Price
$240,000
Premium/Discount to List
-$89,900
-27.25%
Views
143
Current Estimated Value
$291,216

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,216
Avg. Annual Appreciation
10.66%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Advanced Appraisal Solo 401K Plan $240,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/18/2024 03/18/24 Sold $240,000 -20.0% $271 / Sq Ft
02/27/2024 02/27/24 Pending -- -- --
02/08/2024 02/08/24 Price Changed $299,900 -9.1% $339 / Sq Ft
01/30/2024 01/30/24 For Sale $329,900 +37.5% $373 / Sq Ft
01/12/2024 01/12/24 Off Market $240,000 -- --
11/16/2023 11/16/23 For Sale $329,900 +37.5% $373 / Sq Ft
11/15/2023 11/15/23 Off Market $240,000 -- --
09/14/2023 09/14/23 For Sale $329,900 -- $373 / Sq Ft
Source: NorthstarMLS

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 $1,222 $257,100 $161,500 $95,600
2023 $1,804 $377,900 $284,600 $93,300
2022 $1,598 $377,900 $284,600 $93,300
2021 $1,352 $247,500 $183,300 $64,200
2020 $1,510 $203,400 $144,300 $59,100
2019 $1,438 $202,700 $144,300 $58,400
2018 $1,446 $196,900 $144,300 $52,600
2017 $1,326 $196,900 $144,300 $52,600
2016 $1,396 $0 $0 $0
2015 $1,396 $202,600 $148,200 $54,400
2014 $1,438 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6431737

NorthstarMLS

APN: 34-024-2119

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