NOT LISTED FOR SALE

28417 Mayo Hills Rd Pequot Lakes, MN 56472

Estimated Value: $329,000 - $488,000

3 Beds
3 Baths
992 Sq Ft
$409/Sq Ft Est. Value

Last Sold July 14, 2023

Last sale price $290,000 $292 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $2,425/month

10 Days on Market

Highlights

  • 102 Feet of Waterfront
  • Guest House
  • No HOA
  • Beach Access
  • Deck
  • 2 Car Attached Garage

About This Home

As of July 2023

Welcome to your private retreat on Mayo Lake, part of the scenic Sibley chain. This unique property sits on over 1+ acre of wooded, level elevation, features an attached garage with living quarters above, large lakeside deck, new windows and a steel roof. This property also includes shared ownership of 25 acres of common land that is good for hiking, cross country skiing, snowshoeing, and even deer hunting . Don't miss this incredible opportunity to own, build new or use it as a short term rental lake retreat. Don't wait start making lasting memories and schedule your private showing today!

Last Agent to Sell the Property

Trista Oseland

LPT Realty, LLC Listed on: 06/05/2023

LPT Realty, LLC

Co-Listed By

Melissa Karels

LPT Realty, LLC

Last Buyer's Agent

Reed Franklin

LPT Realty, LLC

LPT Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,157

Year Built

  • Built in 1991

Lot Details

  • 1.08 Acre Lot
  • Lot Dimensions are 102x466x102x471
  • 102 Feet of Waterfront
  • Lake Front

Parking

  • 2 Car Attached Garage
  • Heated Garage
  • Insulated Garage

Interior Spaces

  • 992 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Beach Access
  • Deck

Additional Homes

  • Guest House

Utilities

  • Forced Air Heating and Cooling System
  • Propane
  • Drilled Well
  • Septic System

Community Details

  • No Home Owners Association
  • Mayo Hills Subdivision

Listing and Financial Details

  • Assessor Parcel Number 29132001012Z009

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,157

Year Built

Built in 1991

Lot Details

0

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: Drilled
  • Fee Frequency: N/A
  • Year Built: 1991
  • Above Grade Finished Sq Ft: 992
  • Water Body Name: Mayo
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Crawl Space
  • Appliances: Dryer, Exhaust Fan, Microwave, Range, Refrigerator, Washer
  • Living Area: 992
  • Fireplace: No
  • Basement YN: No
  • Dining Room Type: Guest Room
  • SqFtTotal: 992.00

Beds/Baths

  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Three Quarter Bathrooms: 1

Exterior Features

  • Other Structures: Guest House, Storage Shed
  • PatioPorchType: Deck
  • Lake Acres: 165
  • Lake Bottom: Sand
  • LakeChain: N
  • Elevation Highpoint to Waterfront Feet: 0-4
  • Waterfront Frontage: 102

Garage/Parking

  • Parking Features: Attached Garage, Gravel, Electric, Heated Garage, Insulated Garage
  • Garage Square Feet: 660

Utilities

  • Heating: Forced Air
  • Sewer: Septic System Compliant - Yes
  • Fuel: Propane

Condo/Co-op/Association

  • HOA Fee Includes: Other
  • Association: No

Schools

  • Junior High Dist: Pequot Lakes
  • SchoolDistrictNumber: 186
  • SchoolDistrictPhone: 218-568-4996

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: 102x466x102x471
  • Lot Size Sq Ft: 47044.8
  • Land Lease: No
  • Lot Features: Accessible Shoreline
  • Additional Parcels: No
  • Zoning Description: Shoreline,Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding, Wood Siding

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 29132001012Z009
  • Tax Annual Amount: 2157
  • TaxWithAssessments: 2182.0000

Multi Family

  • WaterfrontFeatures: Lake Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 28, 2023
Sold by
County Of Crow Wing
Bought by
James C Nelson Revocable Trust
Current Estimated Value
$406,067

Purchase Details

Closed on
Nov 13, 2023
Sold by
Nelson James and Nelson Marie P
Bought by
James C Nelson Revocable Trust and Nelson

Purchase Details

Listed on
Jun 5, 2023
Closed on
Jul 14, 2023
Sold by
Leigh Mark T and Leigh Karen S
Bought by
Nelson James and Nelson Marie P
Seller's Agent
Trista Oseland
LPT Realty, LLC
Buyer's Agent
Reed Franklin
LPT Realty, LLC
List Price
$289,900
Sold Price
$290,000
Premium/Discount to List
$100
0.03%
Views
76

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.21%
Original Mortgage
$232,000
Interest Rate
6.06%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 21, 2017
Sold by
Weis Roger J and Weis Kathleen G
Bought by
Mark Leigh T and Mark Karen Leigh
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
James C Nelson Revocable Trust -- --
James C Nelson Revocable Trust $500 None Listed On Document
Nelson James $290,000 Rg Title Llc
Mark Leigh T $130,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nelson James $232,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2023 07/14/23 Sold $290,000 0.0% $292 / Sq Ft
06/19/2023 06/19/23 Pending -- -- --
06/09/2023 06/09/23 For Sale $289,900 -- $292 / 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
2025 $2,550 $324,800 $251,000 $73,800
2024 $2,550 $295,400 $230,600 $64,800
2023 $2,182 $287,100 $228,000 $59,100
2022 $1,868 $251,900 $189,200 $62,700
2021 $2,070 $171,700 $129,500 $42,200
2020 $2,098 $179,600 $138,700 $40,900
2019 $1,724 $178,800 $142,600 $36,200
2018 $1,556 $144,800 $109,100 $35,700
2017 $1,484 $131,601 $101,356 $30,245
2016 $1,486 $123,600 $92,900 $30,700
2015 $1,202 $107,600 $88,400 $19,200
2014 $501 $95,500 $77,600 $17,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6375552

NorthstarMLS

APN: 29132001012Z009