NOT LISTED FOR SALE

29492 Rustic Ln Merrifield, MN 56465

Estimated Value: $385,545 - $566,000

2 Beds
1 Bath
480 Sq Ft
$1,029/Sq Ft Est. Value

Last Sold February 08, 2018

Last sale price $240,000 $500 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $2,925/month

23 Days on Market

Highlights

  • Boathouse
  • Beach View
  • Wood Siding
  • Lake Front
  • Forced Air Heating System
  • Storage Shed

About This Home

As of February 2018

Excellent sand beach with a nice gradual slope to the lake. Cute cabin with good potential usage. Hard to find property with a boat house too! This is your perfect starter cabin. You will not find nicer shoreline at this price.

Last Listed By

Allen VanLandschoot

Edina Realty, Inc. Listed on: 11/17/2017

Edina Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,539

Year Built

  • Built in 1970

Lot Details

  • 0.85 Acre Lot
  • Lot Dimensions are 64x450x75x460
  • Lake Front

Home Design

  • Pitched Roof
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 480 Sq Ft Home
  • 1-Story Property
  • Beach Views
  • Crawl Space
  • Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Boathouse
  • Storage Shed

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 77109000002Z009

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,539

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Type: Single Family
  • Property Subtype 1: (SF) Single Family
  • Cooling System: None
  • Outside Features: Wood
  • Accessibility Features: None
  • Water Source: Drilled, Well
  • Fuel Type: Natural Gas
  • Year Built: 1970
  • Above Grade Finished Sq Ft: 480.00
  • Above Grade Finished Area Search: 480.00
  • Assessment Pending Y N: No
  • Carport Y N: No
  • Elevation High Point Waterfront: 4-10
  • Foundation Area Units: Square Feet
  • Internet Entire Listing Display: Yes
  • Lake Bottom Type: Excellent Sand
  • Lake Depth Feet: 56
  • List A O R Key Numeric: 11942
  • Listing Organization: Iowa
  • Living Area Finished: 480.00
  • Living Area Finished Units: Square Feet
  • Parcel Numbers: 77109000002Z009
  • Property Out Building Type: Boat House, Shed - Storage
  • Rental License: No
  • Stories Type: One
  • Water Body Name: Horseshoe Lake (Sandbar)
  • Waterfront Frontage: 64
  • Waterfront Slope Type: Gradual
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement: Crawl Space
  • Appliances: Range, Refrigerator
  • Dining Room Features: Eat In Kitchen
  • Bathroom Type: Main Floor Full Bath
  • Fireplace: No
  • Stories: 1

Beds/Baths

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

Exterior Features

  • Roof: Asphalt Shingles, Pitched
  • LakeAcres: 922.03000
  • Waterfront View: East, Lake
  • Road Between Waterfront And Home: No

Garage/Parking

  • Parking Features: None
  • Parking Spaces: 4

Utilities

  • Heating: Forced Air
  • Sewer: Private, Tank with Drainage Field

Schools

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

Lot Info

  • Zoning: Residential-Single Family
  • Construction: Previously Owned
  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Out Building Count: 2
  • Assessment Pending: No
  • Lot Size: 64x450x75x460
  • Homestead: No
  • Lot Features: Tree Coverage - Medium
  • Lot Size Acres: 0.8500
  • Lot Size Area Units: Square Feet

Building Info

  • New Development: No

Tax Info

  • TaxLegalDescription: ALL THAT PART OF LOT 2 LYING S. OF S. LINE OF GOV LOT 2., AND ALSO ALL LOT 3
  • Tax Amount: 1539.00
  • Tax Year: 2017
  • Tax With Assessments: 1539.00
  • Assessor Parcel Number: 77109000002Z009

Multi Family

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

MLS Schools

  • School District Name: 182 - Crosby-Ironton

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 17, 2017
Closed on
Feb 8, 2018
Sold by
Eckert John R Living Trust
Bought by
Buelow Henry B and Buelow Dianne
Seller's Agent
Allen VanLandschoot
Edina Realty, Inc.
Buyer's Agent
NON-RMLS NON-RMLS
Non-MLS
List Price
$250,000
Sold Price
$240,000
Premium/Discount to List
-$10,000
-4%
Total Days on Market
23
Current Estimated Value
$494,136

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$254,136
Avg. Annual Appreciation
10.50%

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
Buelow Henry B $240,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/08/2018 02/08/18 Sold $240,000 -4.0% $500 / Sq Ft
12/10/2017 12/10/17 Pending -- -- --
11/17/2017 11/17/17 For Sale $250,000 -- $521 / 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 $2,064 $407,900 $376,100 $31,800
2023 $1,968 $345,100 $318,000 $27,100
2022 $1,820 $344,400 $317,000 $27,400
2021 $1,624 $250,500 $231,600 $18,900
2020 $1,730 $220,300 $201,700 $18,600
2019 $1,556 $216,800 $197,700 $19,100
2018 $1,536 $189,400 $175,400 $14,000
2017 $1,554 $188,700 $175,400 $13,300
2016 $1,450 $173,000 $160,300 $12,700
2015 $1,440 $169,500 $156,600 $12,900
2014 $666 $155,400 $142,100 $13,300
Source: Public Records

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Source: NorthstarMLS

MLS Number: NST4892231

NorthstarMLS

APN: 77109000002Z009