NOT LISTED FOR SALE

26849 Rainbow Ln Merrifield, MN 56465

Estimated Value: $354,000 - $560,000

2 Beds
1 Bath
500 Sq Ft
$972/Sq Ft Est. Value

Last Sold November 03, 2017

Last sale price $87,000 $174 Per Sq Ft

Est. 459% increase in value since last sale

Current estimated payment $2,888/month

78 Days on Market

Highlights

  • Lake Front
  • 2 Car Detached Garage
  • Partially Fenced Property
  • Beach View
  • Forced Air Heating System
  • 1-Story Property

About This Home

As of November 2017

Upper Mission Lake lot! Enjoy 1/2 acre with 92 ft. of shoreline. Features older mobile home with deck, dock and oversized partially insulated garage. Located on quiet no-outlet private road on the south side of the lake. Enjoy fantastic fishing and boating on Upper and Lower Mission Lake.

Last Listed By

Raelyn Borg

Century 21 Brainerd Realty Listed on: 08/03/2017

Century 21 Brainerd Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,145

Year Built

  • Built in 1970

Lot Details

  • 0.58 Acre Lot
  • Lot Dimensions are 92x250x94x262
  • Lake Front
  • Property fronts a private road
  • Street terminates at a dead end
  • Partially Fenced Property
  • Wood Fence
  • Unpaved Streets
  • Few Trees

Parking

  • 2 Car Detached Garage

Property Views

  • Beach
  • Lake

Home Design

  • Flat Roof Shape
  • Metal Roof
  • Metal Siding

Interior Spaces

  • 500 Sq Ft Home
  • 1-Story Property

Kitchen

  • Range
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating System
  • Well
  • Drilled Well
  • Private Sewer
  • Sewer Holding Tank

Listing and Financial Details

  • Assessor Parcel Number 520032203I00009

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,145

Year Built

Built in 1970

Lot Details

0

Parking

2

Listing Details

  • Type: Single Family
  • Property Subtype 1: (SF) Single Family
  • Cooling System: None
  • Outside Features: Metal
  • Garage Spaces: 2.00
  • Accessibility Features: None
  • Water Source: Drilled, Well
  • Fuel Type: Propane
  • Year Built: 1970
  • Above Grade Finished Sq Ft: 500.00
  • Above Grade Finished Area Search: 500.00
  • Carport Y N: No
  • Chain Acres: 1599.100
  • Chain Name: Mission
  • Elevation High Point Waterfront: 0-4
  • Floor Plan Type: All Living Facilities on One Level, Main Floor Bedroom
  • Foundation Area Units: Square Feet
  • Internet Entire Listing Display: Yes
  • Lake Bottom Type: Reeds, Sand
  • Lake Depth Feet: 36
  • List A O R Key Numeric: 16020
  • Listing Organization: Iowa
  • Living Area Finished: 500.00
  • Living Area Finished Units: Square Feet
  • Parcel Numbers: 520032203I00009
  • Rental License: No
  • Stories Type: One
  • Tax Assessment Balance: 15.00
  • Water Body Name: Upper Mission
  • Waterfront Frontage: 92
  • Waterfront Slope Type: Level
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement: None
  • Appliances: Microwave, Range, Refrigerator
  • Bathroom Type: Main Floor Full Bath
  • Fireplace: No
  • Stories: 1

Beds/Baths

  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Roof: Age 8 Years or Less, Flat, Metal
  • LakeAcres: 874.44000
  • Waterfront View: Lake, North, Panoramic
  • Fencing: Partial, Wood
  • Road Between Waterfront And Home: No

Garage/Parking

  • Parking Features: Detached Garage

Utilities

  • Heating: Forced Air
  • Sewer: Holding Tanks, Private

Schools

  • School District: 182 - Crosby-Ironton
  • School District Phone: 218-545-8801

Lot Info

  • Zoning: Residential-Single Family, Shoreline
  • Construction: Previously Owned
  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Assessment Pending: Unknown
  • Lot Size: 92x250x94x262
  • Homestead: No
  • Lot Features: Tree Coverage - Light
  • Lot Size Acres: 0.5800
  • Lot Size Area Units: Square Feet

Building Info

  • New Development: No

Tax Info

  • TaxLegalDescription: THAT PART OF GOV. LOT 3 3 135 27 DESC.: BEG. AT THE MEANDER CORNER AT THE INTERSECTION OF THE W. LINE OF SAID LOT 3 & THE SHORE OF MISSION LAKE, THEN S. 250.7 FT ALONG THE W. LINE OF LOT 3, THEN N. 7
  • Tax Amount: 1145.00
  • Tax Year: 2017
  • Tax With Assessments: 1160.00
  • Assessor Parcel Number: 520032203I00009

Multi Family

  • Above Grade Finished Sq Ft: Square Feet
  • WaterfrontFeatures: Lake Front, Lake View, Dock

MLS Schools

  • School District Name: 182 - Crosby-Ironton

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2017
Closed on
Nov 3, 2017
Sold by
Berger and Bobbi
Bought by
Olson Erik J and Olson Kristi M
Seller's Agent
Raelyn Borg
Century 21 Brainerd Realty
Buyer's Agent
Raelyn Borg
Century 21 Brainerd Realty
List Price
$124,900
Sold Price
$87,000
Premium/Discount to List
-$37,900
-30.34%
Total Days on Market
78
Current Estimated Value
$486,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$399,000
Avg. Annual Appreciation
25.78%

Purchase Details

Closed on
Oct 1, 1995
Sold by
Martinson Kenne
Bought by
Berger David S

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
Olson Erik J $87,000 --
Berger David S $30,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/03/2017 11/03/17 Sold $87,000 0.0% $174 / Sq Ft
10/24/2017 10/24/17 Pending -- -- --
10/02/2017 10/02/17 Off Market $87,000 -- --
08/07/2017 08/07/17 For Sale $124,900 -- $250 / Sq Ft
Source: NorthstarMLS

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 $2,166 $396,700 $150,900 $245,800
2023 $2,228 $375,800 $141,300 $234,500
2022 $1,944 $379,900 $130,200 $249,700
2021 $1,374 $248,600 $115,300 $133,300
2020 $1,042 $175,200 $100,500 $74,700
2019 $1,080 $129,600 $111,200 $18,400
2018 $1,126 $142,800 $130,700 $12,100
2017 $1,160 $151,300 $139,200 $12,100
2016 $1,104 $144,600 $134,100 $10,500
2015 $1,152 $144,800 $134,300 $10,500
2014 $593 $153,400 $142,800 $10,600
Source: Public Records

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Source: NorthstarMLS

MLS Number: NST4862932

NorthstarMLS

APN: 520032203I00009