NOT LISTED FOR SALE

3313 Arrowhead Trail Hovland, MN 55606

Estimated Value: $749,441 - $942,000

5 Beds
4 Baths
5,515 Sq Ft
$153/Sq Ft Est. Value

Last Sold September 16, 2022

Last sale price $675,000 $122 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $4,913/month

92 Days on Market

Highlights

  • Private Waterfront
  • Docks
  • Second Kitchen
  • Community Boat Slip
  • Beach Access
  • Sauna

About This Home

As of September 2022

Million Dollar Wilderness Views. This large, 3-level, McFarland Lake home has a full wall of windows bringing the stunning scenery into every floor. The custom built home shows quality throughout. With 6 bedrooms, 4 baths and a full lower level kitchen, there’s room for a large family or weekend guests, with plenty of privacy. Features include two fireplaces, sunroom, large loft, sauna, laundry room and much more. There’s an expansive deck and outdoor spaces. Summer evenings can be spent in the screen house off the patio where the permanent bbq cooks the day’s catch. The huge 3-bay floating dock system can handle all your watercraft. There’s a two car detached garage with workshop and generator room. And, a 4 stall garage for the boats and toys. Fully furnished and ready to go. A fantastic stand-alone luxury home perched on the edge of the BWCA on remote and scenic McFarland Lake. This Beauty would be a premier Bed and Breakfast!

Last Agent to Sell the Property

Gail Englund

Red Pine Realty Listed on: 05/09/2022

Co-Listed By

Mike Raymond

Red Pine Realty

Last Buyer's Agent

Mike Raymond

Red Pine Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,516

Year Built

  • Built in 1985

Lot Details

  • 1.89 Acre Lot
  • Private Waterfront
  • 300 Feet of Waterfront
  • Lake Front
  • Property fronts a county road
  • Elevated Lot
  • Lot Has A Rolling Slope
  • Landscaped with Trees

Property Views

  • Lake
  • Panoramic

Home Design

  • Concrete Foundation
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • Woodwork
  • Paneling
  • Beamed Ceilings
  • Vaulted Ceiling
  • Ceiling Fan
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Wood Frame Window
  • Entrance Foyer
  • Family Room
  • Combination Dining and Living Room
  • Loft
  • Sun or Florida Room
  • Lower Floor Utility Room
  • Laundry on main level
  • Sauna
  • Home Gym
  • Center Hall
  • Tile Flooring

Kitchen

  • Second Kitchen
  • Range

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Bathroom on Main Level

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Fireplace in Basement
  • Apartment Living Space in Basement
  • Bedroom in Basement
  • Recreation or Family Area in Basement
  • Finished Basement Bathroom

Parking

  • 6 Car Detached Garage
  • Multiple Garages

Outdoor Features

  • Beach Access
  • Docks
  • Deck
  • Patio
  • Attached Grill

Utilities

  • No Cooling
  • Space Heater
  • Heating System Uses Propane
  • Private Water Source
  • Private Sewer
  • Satellite Dish

Listing and Financial Details

  • Assessor Parcel Number 55-410-2210

Community Details

Overview

  • No Home Owners Association

Recreation

  • Community Boat Slip

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,516

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: Hwy 61 from Grand Marais to Hovland left on the Arrowhead Trail to 3313. Approximately 18 miles Right in Paradise and next to the BWCAW
  • InternetOptions: Satellite
  • L O1 Office Phone1 Number: 218-387-9599
  • List Price/ Sq Ft: 122.39
  • Remodeled Addition: Yes
  • Road Maintenance: Public
  • ShorelineCharacteristics: Hard, Sand, Shore-Accessible, Elevation-Medium, Shore-Beach
  • Property Sub-Type: SF/Detached
  • Tax Year: 2022
  • Twp Number: 64
  • View Type:Pond View: Inland Lake, Panoramic
  • Lot Description Waterfront: Yes
  • Air Conditioner: None
  • Reso Association Amenities: Ceiling Fans, Natural Woodwork, Sauna, Tiled Floors, Vaulted Ceilings, Beamed Ceilings, Center Hall, Foyer Entry, Panelled Walls, Patio Door, Main Floor Laundry
  • Amenities Exterior: Boat Slip, Deck, Dock, Patio, Permanent Outdoor Grill
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 4180
  • Below Grade Finished Sq Ft: 1335
  • Garage Type: Detached, Multiple
  • Heat: Space/Wall Heater, Propane
  • Fireplaces: 2
  • MainFloorBath: Yes
  • New Development: No
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Asphalt Shingles
  • TotalBedrooms: 5
  • Year Built: 1985
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 3
  • Appliances: Refrigerator, Range/Stove
  • Basement Features: Finished, Walkout, Apartment, Bath, Bedrooms, Family/Rec Room, Fireplace, Kitchen, Utility Room
  • Basement Material: Concrete Block
  • Estimated Basement Sq Ft: 1335
  • Basement Style: Full
  • Bathroom Description: 3/4 Basement, Full Main Floor, 3/4 Upper
  • Formal Dining: Combine with Living Room
  • Extra Rooms: Family/Rec, Second Kitchen, See Remarks, Sunrm/Solarium, Fitness Room, Loft
  • Fireplace: Yes
  • Den Fireplace Type: Wood Burning
  • Bedroom Features:Main Floor Bedroom: Yes
  • Stories: 2.25 - 2.75 Story
  • Total Bathrooms: 3
  • Total Fin Square Footage: 5515

Exterior Features

  • Out Buildings: Screenhouse
  • Road Frontage: County
  • Waterfront Access: Private
  • Water Frontage In Feet: 300
  • Waterfront Name: McFarland
  • Construction Status: Previously Owned
  • Exterior: Wood
  • Window Features:Insulated Windows: Wood Frame

Garage/Parking

  • Garage Capacity: 6

Utilities

  • Power Company: None
  • Sewer: Private
  • Water: Private

Condo/Co-op/Association

  • Association Fee: No

Fee Information

  • Insurance Expense: $3,000 per year
  • Insurance Fee Frequency: Yearly

Schools

  • School District: Cook County #166
  • Junior High Dist: Cook County #166

Lot Info

  • Geo Update Timestamp: 2022-05-09
  • Estimated Lot Dimensions: irreg
  • Estimated Number of Acres: 1.89
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Accessible Shoreline, Tree Coverage - Medium, High, Rolling, See Remarks, BWCA Area
  • Parcel Number: 55-410-2210
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 4516

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2022
Closed on
Sep 15, 2022
Sold by
Colberg Dale and Colberg Donna
Bought by
16 North Llc
Seller's Agent
Gail Englund
Red Pine Realty
Buyer's Agent
Mike Raymond
Red Pine Realty
List Price
$675,000
Sold Price
$675,000
Current Estimated Value
$843,110

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$168,110
Avg. Annual Appreciation
7.90%
Original Mortgage
$540,000
Outstanding Balance
$517,801
Interest Rate
4.99%
Mortgage Type
New Conventional
Estimated Equity
$331,386
Source: Public Records

Range of Values:

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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
16 North Llc $675,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 16 North Llc $540,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/16/2022 09/16/22 Sold $675,000 0.0% $122 / Sq Ft
08/09/2022 08/09/22 Pending -- -- --
05/09/2022 05/09/22 For Sale $675,000 -- $122 / 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 $5,534 $679,300 $135,600 $543,700
2023 $50 $622,200 $130,400 $491,800
2022 $4,516 $556,100 $130,400 $425,700
2021 $4,490 $474,900 $130,400 $344,500
2020 $3,802 $475,300 $139,300 $336,000
2019 $3,746 $397,000 $136,100 $260,900
2018 $4,002 $382,100 $136,100 $246,000
2017 $3,690 $427,300 $149,200 $278,100
2016 $3,416 $430,800 $149,200 $281,600
2015 $3,208 $434,300 $149,200 $285,100
2014 $3,524 $432,500 $143,800 $288,700
2012 -- $488,300 $161,500 $326,800
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2022

    Gail Englund

    Red Pine Realty

  • M

    Seller Co-Listing Agent in 2022

    Mike Raymond

    Red Pine Realty

    (218) 370-0373

    153 Total Sales

    Mike Raymond
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6102693

APN: 55-410-2210

Minnesota Cook County Hovland 55604

3313 Arrowhead Trail, Hovland, MN

This home is located at 3313 Arrowhead Trail, Hovland, MN 55606 since 09 May 2022 and is currently estimated at $843,110, approximately $152 per square foot. This property was built in 1985. 3313 Arrowhead Trail is a home located in Cook County with nearby schools including Sawtooth Mountain Elementary School, Cook County Middle School, and Cook County Senior High School.

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