NOT LISTED FOR SALE

261 Caps Trail Lutsen, MN 55612

Estimated Value: $518,000 - $582,000

3 Beds
2 Baths
1,440 Sq Ft
$386/Sq Ft Est. Value

Last Sold June 07, 2024

Last sale price $475,000 $330 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $3,210/month

87 Days on Market

Highlights

  • Private Waterfront
  • Lake View
  • Vaulted Ceiling
  • Beach Access
  • Deck
  • Ranch Style House

About This Home

As of June 2024

Serenity awaits you in this turn-key charming 3 bedroom, 2 bath, year-round Lutsen home, located on Tait Lake. The property features 190 ft. of shoreline with 2.9 acres and is in a peaceful bay on the north side of the lake, with the Tait River gently running along the western edge of the property, providing tons of privacy. This sweet home is a great size, whether you are looking for a cabin or a home and with broadband, you can easily work remotely. The galley style kitchen has an abundant mix of maple cabinets, a pantry, and dishwasher, plus there is a laundry closet, complete with a laundry tub. The great room accommodates your dining and living needs while featuring a vaulted pine ceiling, lots of south-facing wall of windows and a wood-burning stove, which provides plenty of heat in the middle of winter. There is a large loft that overlooks the great room, and it is nice for overflow sleeping space or storage. The spacious master bedroom could be a large bunkroom or just a nice space to enjoy a book and relax. There is a breezeway/screen porch that connects the main cabin with an incredibly sunny & private 3rd bedroom. The lot is nicely wooded with a healthy mix of mature trees, which provides habitat for lots of wildlife, especially the birds. Tait Lake represents the essence of nature's pure beauty and peacefulness. When you step out your door, you have direct access to many beautiful HOA maintained hiking & biking trails or you can launch your kayak onto the sparkling waters of the lake. AND you are moments away from direct BWCA access, many premiere fishing lakes and it is really close to Eagle Mountain, the highest point in the state of MN. Come and check it out!

Last Agent to Sell the Property

Virginia Detrick Palmer

Coldwell Banker North Shore Listed on: 12/29/2023

Last Buyer's Agent

Conner Linde

Real Estate Consultants

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,756

Year Built

  • Built in 2003

Lot Details

  • 2.9 Acre Lot
  • Private Waterfront
  • 190 Feet of Waterfront
  • Lake Front
  • Property fronts a private road
  • Irregular Lot
  • Landscaped with Trees

HOA Fees

  • $20 Monthly HOA Fees

Home Design

  • Ranch Style House
  • Concrete Foundation
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 1,440 Sq Ft Home
  • Woodwork
  • Vaulted Ceiling
  • Ceiling Fan
  • Free Standing Fireplace
  • Living Room
  • Dining Room
  • Den
  • Loft
  • Lake Views
  • Unfinished Basement
  • Crawl Space

Kitchen

  • Range
  • Microwave
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Bathroom on Main Level

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • No Garage
  • Gravel Driveway

Eco-Friendly Details

  • Energy-Efficient Windows

Outdoor Features

  • Beach Access
  • Deck
  • Enclosed Patio or Porch
  • Storage Shed

Utilities

  • No Cooling
  • Heating System Uses Wood
  • Baseboard Heating
  • Private Water Source
  • Drilled Well
  • Electric Water Heater
  • Mound Septic
  • Private Sewer
  • Fiber Optics Available

Community Details

  • Association fees include snow removal

Listing and Financial Details

  • Assessor Parcel Number 27-340-1170

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,756

Year Built

Built in 2003

Lot Details

0

HOA Fees

$20 per month

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Hwy 61 in Lutsen turn onto the Caribou Trail (CR 4) and follow it approx. 13.5 miles to Caps Trail on the left. In about a quarter of a mile at the T turn right. #261 is about a mile on the left.
  • InternetOptions: Fiber Optic
  • Waterfront Info Lake Maximum Depth: 15
  • L O1 Office Phone1 Number: 218-387-2131
  • Planned Unit Development: No
  • PropAdjoinsPublicLand: No
  • Road Maintenance: Association
  • ShorelineCharacteristics: Gravel, Rocky, Shore-Accessible, Elevation-Low
  • Property Sub-Type: SF/Detached
  • Tax Year: 2024
  • Twp Number: 62
  • View Type:Pond View: Inland Lake
  • Lot Description Waterfront: Yes
  • Air Conditioner: None
  • Reso Association Amenities: Ceiling Fans, Natural Woodwork, Vaulted Ceilings, Walk-In Closet, Patio Door, Main Floor Laundry, Dryer Hook-Ups, Washer Hook-Ups
  • Amenities Exterior: Deck
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1440
  • Garage Type: None
  • Heat: Baseboard, Wood, Electric
  • Fireplaces: 1
  • MainFloorBath: Yes
  • New Development: No
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Asphalt Shingles
  • Room 10: Loft
  • Bedroom 3: Living Room
  • TotalBedrooms: 3
  • Year Built: 2003
  • Level 1 Bedroom: Main
  • RoomLevel10: Upper
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • RoomLevel6: Main
  • RoomLevel7: Main
  • RoomLevel8: Main
  • RoomLevel9: Main
  • Property Style: Ranch/Rambler
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Appliances: Dryer, Dishwasher, Freezer, Microwave, Refrigerator, Range/Stove, Washer
  • Basement Features: Unfinished
  • Basement Material: Concrete Block
  • Basement Style: Crawl Space
  • Bathroom Description: 3/4 Main Floor, Full Main Floor
  • Formal Dining: Informal Dining Room
  • Extra Rooms: Den/Office, Enclosed Porch, Pantry, Loft
  • Fireplace: Yes
  • Den Fireplace Type: Free Standing
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Kitchen
  • Bathroom 2: Dining Room
  • Main Residence Features:Family Room4: Bedroom
  • Bedroom 5: Bathroom
  • Stories: 1.25 - 1.75 Story
  • Room 6: Bedroom
  • Room 7: Bathroom
  • Room 8: Porch
  • Room 9: Bedroom
  • Total Bathrooms: 2
  • Total Fin Square Footage: 1440
  • Exercise Room Level2: Main

Exterior Features

  • LakeAcres: 355
  • Out Buildings: Storage Shed
  • Road Frontage: Private
  • Waterfront Access: Private
  • Water Frontage In Feet: 190
  • Waterfront Name: Tait
  • Construction Status: Previously Owned
  • Exterior: Wood
  • Window Features:Insulated Windows: Energy Windows

Garage/Parking

  • Parking Driveway: Driveway - Gravel

Utilities

  • Power Company: Arrowhead Electric
  • Sewer: Mound, Private
  • Water: Drilled, Private

Condo/Co-op/Association

  • Association Fee: Yes
  • Association Fee Frequency: Yearly

Association/Amenities

  • FeesAssociationFeeAmount: 240

Fee Information

  • Association Fee Includes: Snow Removal

Schools

  • Junior High Dist: Cook County #166

Lot Info

  • Estimated Lot Dimensions: irregular
  • Estimated Number of Acres: 2.9
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Accessible Shoreline, Irregular Lot, Tree Coverage - Medium
  • Parcel Number: 27-340-1170
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 3756

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 29, 2023
Closed on
May 31, 2024
Sold by
Emery Family Trust Dated The 6Th Day Of
Bought by
Coronis Anthony and Coronis Stacy
Seller's Agent
Virginia Detrick Palmer
Coldwell Banker North Shore
Buyer's Agent
Conner Linde
Real Estate Consultants
List Price
$499,900
Sold Price
$475,000
Premium/Discount to List
-$24,900
-4.98%
Views
7
Current Estimated Value
$555,538

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,538
Avg. Annual Appreciation
10.42%
Original Mortgage
$225,000
Outstanding Balance
$222,172
Interest Rate
7.1%
Mortgage Type
New Conventional
Estimated Equity
$333,366
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
Coronis Anthony $475,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Coronis Anthony $225,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/07/2024 06/07/24 Sold $475,000 -5.0% $330 / Sq Ft
03/25/2024 03/25/24 Pending -- -- --
12/29/2023 12/29/23 For Sale $499,900 -- $347 / 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 $3,428 $566,200 $243,500 $322,700
2023 $38 $535,700 $239,100 $296,600
2022 $3,364 $446,400 $189,800 $256,600
2021 $3,512 $359,400 $179,700 $179,700
2020 $3,052 $374,400 $190,800 $183,600
2019 $2,980 $319,900 $149,800 $170,100
2018 $2,922 $304,400 $149,800 $154,600
2017 $2,664 $319,700 $163,400 $156,300
2016 $2,422 $311,100 $116,300 $194,800
2015 $1,860 $311,100 $116,300 $194,800
2014 $1,740 $339,500 $148,100 $191,400
2012 -- $339,500 $148,100 $191,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6111820

APN: 27-340-1170