NOT LISTED FOR SALE

26878 Island Shore Trail Park Rapids, MN 56470

Estimated Value: $154,000 - $236,000

2 Beds
1 Bath
573 Sq Ft
$361/Sq Ft Est. Value

Last Sold March 01, 2024

Last sale price $178,000 $311 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $1,243/month

117 Days on Market

Highlights

  • 830 Feet of Waterfront
  • Beach Access
  • Living Room
  • Dock Facilities
  • The kitchen features windows
  • 1-Story Property

About This Home

As of March 2024

This charming, seasonal, 2-bedroom, 1-bath cabin is perfect for enjoying all of the pleasures of lake living without year-round care and maintenance. This cozy cabin is situated right on the water's edge, features nice sand beach/shoreline and has amazing views of Island Lake! Association grounds boast 7.5 acres and 830 feet of lakeshore to nearly level elevation, boat ramp, docks, and fish cleaning house. This property also has a garage, and a private dock that is located on the shoreline in front of the cabin.

Last Agent to Sell the Property

Kelli Johnson

Coldwell Banker Crown Realtors Listed on: 10/03/2023

Coldwell Banker Crown Realtors

Last Buyer's Agent

Thom Peterson

Coldwell Banker Crown Realtors

Coldwell Banker Crown Realtors

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,210

Year Built

  • Built in 1925

Lot Details

  • 3,920 Sq Ft Lot
  • 830 Feet of Waterfront
  • Street terminates at a dead end
  • Unpaved Streets

HOA Fees

  • $85 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

  • Pitched Roof

Interior Spaces

  • 573 Sq Ft Home
  • 1-Story Property
  • Living Room

Kitchen

  • Range
  • Microwave
  • Freezer
  • The kitchen features windows

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Beach Access
  • Dock Facilities
  • Playground

Utilities

  • Space Heater
  • 100 Amp Service
  • Shared Water Source
  • Shared Septic

Community Details

  • Association fees include dock, lawn care, shared amenities, snow removal, water
  • Blue Spruce Retreat / Larry Michalitsch Association, Phone Number (651) 270-0163

Listing and Financial Details

  • Assessor Parcel Number 020400607

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,210

Year Built

Built in 1925

Lot Details

0

HOA Fees

$85 per month

Parking

1

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Window Unit(s)
  • Garage Spaces: 1
  • Accessibility Features: None
  • Water Source: Submersible - 4 Inch, Shared System
  • Association Amenities: Boat Slip, Dock
  • Fee Frequency: Monthly
  • Year Built: 1925
  • Above Grade Finished Sq Ft: 573
  • Water Body Name: Island Lake (Arago Twp.)
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: Fiber Optic
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: None
  • Appliances: Dryer, Electric Water Heater, Freezer, Microwave, Range, Refrigerator, Washer
  • Living Area: 573
  • Fireplace: No
  • Basement YN: No
  • Dining Room Type: Bedroom 1, Bedroom 2, Living Room, Laundry, Garage
  • Shared Rooms: Play Area

Beds/Baths

  • Total Bedrooms: 2
  • Three Quarter Bathrooms: 1

Exterior Features

  • Roof: Age 8 Years or Less, Asphalt, Pitched
  • View: Lake
  • ConstructionMaterialsDesc: Frame
  • PatioPorchType: Deck,Side Porch
  • Lake Acres: 541
  • Lake Bottom: Sand
  • LakeChain: Y
  • Elevation Highpoint to Waterfront Feet: 4-10
  • Waterfront Frontage: 830
  • Lake Chain Acreage: 3060
  • Lake Chain Name: Potato

Garage/Parking

  • Parking Features: Detached, Shared Driveway
  • Garage Square Feet: 288
  • ParkingOpen: 1

Utilities

  • Heating: Space Heater
  • Sewer: Mound Septic, Shared Septic, Tank with Drainage Field
  • Electric: 100 Amp Service
  • Fuel: Electric
  • Power Company: Itasca Mantrap Co-op

Condo/Co-op/Association

  • HOA Fee Includes: Dock, Lawn Care, Shared Amenities, Snow Removal, Water
  • Phone: 651-270-0163
  • Association Fee: 85
  • Association: Yes
  • Amenities Unit: Deck,Dock,Kitchen Window,Local Area Network,Main Floor Primary Bedroom,Natural Woodwork,Porch,Satelite Dish,Boat Slip,Washer/Dryer Hookup

Association/Amenities

  • HOA Management Co: Blue Spruce Retreat / Larry Michalitsch

Schools

  • Junior High Dist: Park Rapids
  • SchoolDistrictNumber: 309
  • SchoolDistrictPhone: 218-237-6500

Lot Info

  • Waterfront YN: No
  • PropertyAttachedYN: No
  • Lot Size: Irr.
  • Lot Size Sq Ft: 3920.4
  • Land Lease: No
  • Lot Features: Accessible Shoreline, Some Trees
  • Additional Parcels: No
  • Zoning Description: Shoreline,Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Seasonal

Building Info

  • Construction Materials: Engineered Wood

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 020400607
  • Tax Annual Amount: 1210
  • TaxWithAssessments: 1210.0000

Multi Family

  • WaterfrontFeatures: Association Access

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2023
Closed on
Mar 1, 2024
Sold by
Johnson Eddie and Johnson Donna
Bought by
Williams Dale
Seller's Agent
Kelli Johnson
Coldwell Banker Crown Realtors
Buyer's Agent
Thom Peterson
Coldwell Banker Crown Realtors
List Price
$189,900
Sold Price
$178,000
Premium/Discount to List
-$11,900
-6.27%
Views
176
Current Estimated Value
$189,203

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,203
Avg. Annual Appreciation
4.04%

Purchase Details

Closed on
Oct 30, 2008
Sold by
Tostenson Kay and Tostenson Catherine E
Bought by
Colton Terry

Purchase Details

Closed on
Dec 15, 2004
Sold by
Johnson Eddie M and Johnson Donna Joyce
Bought by
Johnson Eddie M and Johnson Donna Joyce
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
Williams Dale $178,000 --
Colton Terry -- None Available
Johnson Eddie M -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2024 03/01/24 Sold $178,000 -6.3% $311 / Sq Ft
01/30/2024 01/30/24 Pending -- -- --
10/04/2023 10/04/23 For Sale $189,900 -- $331 / 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 $1,354 $180,900 $106,300 $74,600
2023 $1,262 $162,600 $82,800 $79,800
2022 $1,112 $143,200 $65,800 $77,400
2021 $998 $111,600 $65,500 $46,100
2020 $946 $102,900 $60,100 $42,800
2019 $916 $94,200 $54,800 $39,400
2018 $928 $91,700 $53,600 $38,100
2016 $926 $98,300 $66,200 $32,100
2015 $710 $85,800 $58,700 $27,100
2014 $634 $78,800 $54,300 $24,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6443351

NorthstarMLS

APN: 02.04.00607