NOT LISTED FOR SALE

3503 Lavaque Rd Hermantown, MN 55810

Estimated Value: $259,000 - $317,949

4 Beds
1.5 Baths
1,763 Sq Ft
$164/Sq Ft Est. Value

Last Sold June 21, 2024

Last sale price $274,000 $155 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $1,753/month

33 Days on Market

Highlights

  • Wood Flooring
  • Main Floor Primary Bedroom
  • Eat-In Kitchen
  • Hermantown Elementary School Rated A-
  • No HOA
  • Living Room

About This Home

As of June 2024

Are you looking for a 4-bedroom, 2-bathroom home in Hermantown on a spacious lot? Look no further! Welcome to 3503 Lavaque Rd, an adorable property located on the border of Hermantown and Proctor with access to the snowmobile trails right next to the property. This home features an updated kitchen with all new appliances, two spacious main floor bedrooms, a full bathroom, and a living room with plenty of natural light. The living room and bedrooms boast hardwood floors, and upstairs there are two more large bedrooms with hardwood floors and a charming half bathroom. There are two dining options here, there is an eat-in kitchen, or you could have a dining table in the living room just off the kitchen. If light fixtures are the earrings to a room this home is ready for the ball! The basement is perfect for storage and houses a convenient one-car tuck-under garage. Additional features of this home include a forced-air propane furnace that is approximately three years old, a washer and dryer that are approximately two years old, and vinyl siding for easy maintenance. The roof is approximately twelve years old. Best of all, this home is situated on approximately 1.37 acres of land, giving you plenty of room to spread out and enjoy the great outdoors. Extra bonus: A brand new 4 bedroom septic system is being installed this summer!

Last Agent to Sell the Property

Alicia Lokke

Messina & Associates Real Estate Listed on: 04/09/2024

Last Buyer's Agent

Josie Strong

RE/MAX Results

RE/MAX Results

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,566

Year Built

  • Built in 1959

Lot Details

  • 1.37 Acre Lot
  • Lot Dimensions are 300 x 200

Home Design

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

Interior Spaces

  • 1,763 Sq Ft Home
  • Multi-Level Property
  • Living Room
  • Combination Kitchen and Dining Room
  • Utility Room
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Bedroom in Basement

Parking

  • 1 Car Garage
  • Tuck Under Garage
  • Gravel Driveway

Utilities

  • Forced Air Heating System
  • Heating System Uses Propane
  • Private Water Source
  • Artesian Water
  • Electric Water Heater
  • Private Sewer

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 395-0120-00125

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,566

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: Take Morris Thomas Rd and turn left onto Lavaque Rd. The home will be on the right.
  • L O1 Office Phone1 Number: 218-728-4436
  • Remodeled Addition: No
  • Road Maintenance: Public
  • Property Sub-Type: SF/Detached
  • Tax Year: 2024
  • Lot Description Waterfront: No
  • Reso Association Amenities: Eat-In Kitchen, Hardwood Floors, Dryer Hook-Ups, Washer Hook-Ups
  • Half Bathrooms: 1
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1763
  • Garage Type: Tuckunder
  • Heat: Forced Air, Propane
  • MainFloorBath: Yes
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Bedroom
  • TotalBedrooms: 4
  • Year Built: 1959
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Upper
  • RoomLevel6: Upper
  • RoomLevel7: Basement
  • RoomLevel8: Basement
  • Property Style: Bungalow
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer, Dishwasher, Microwave, Refrigerator, Range/Stove, Washer
  • Basement Features: Washer Hook-Ups, Dryer Hook-Ups
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Bathroom Description: Full Main Floor, 1/2 Upper
  • Formal Dining: Combine with Kitchen, Eat-In Kitchen
  • Fireplace: No
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Kitchen
  • Bathroom 2: Living Room
  • Main Residence Features:Family Room4: Bedroom
  • Bedroom 5: Bedroom
  • Stories: 1.25 - 1.75 Story
  • Room 6: Bedroom
  • Room 7: Laundry Room
  • Room 8: Utility Room
  • Total Bathrooms: 2
  • Total Fin Square Footage: 1763
  • Exercise Room Level2: Main

Exterior Features

  • Road Frontage: City
  • Construction Status: Previously Owned
  • Exterior: Vinyl

Garage/Parking

  • Parking Driveway: Driveway - Gravel
  • Garage Capacity: 1

Utilities

  • Power Company: Minnesota Power
  • Sewer: Private
  • Water: Artesian, Private

Condo/Co-op/Association

  • Association Fee: No

Schools

  • Junior High Dist: Hermantown #700

Lot Info

  • Estimated Lot Dimensions: 300 x 200
  • Estimated Number of Acres: 1.37
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 395-0120-00125

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 2566

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2024
Closed on
Jun 21, 2024
Sold by
Loftis Jamie M and Zywicki James A
Bought by
Slayton Pheobe R and Slayton Everett J
Seller's Agent
Alicia Lokke
Messina & Associates Real Estate
Buyer's Agent
Josie Strong
RE/MAX Results
List Price
$285,000
Sold Price
$274,000
Premium/Discount to List
-$11,000
-3.86%
Views
98
Current Estimated Value
$289,237

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,237
Avg. Annual Appreciation
3.86%
Original Mortgage
$279,891
Outstanding Balance
$277,508
Interest Rate
6.94%
Mortgage Type
VA
Estimated Equity
$11,729

Purchase Details

Closed on
May 26, 2022
Sold by
Kozlowski Theodore
Bought by
Loftis Jamie and Zywicki James

Purchase Details

Closed on
May 26, 2021
Sold by
Kozlowski Theodore S
Bought by
Loftis Jamie M and Zywicki James A
Source: Public Records

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Slayton Pheobe R $274,000 Title Team
Loftis Jamie $151,500 --
Loftis Jamie M $151,500 New Title Company Name
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Slayton Pheobe R $279,891
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/21/2024 06/21/24 Sold $274,000 +1.9% $155 / Sq Ft
05/12/2024 05/12/24 Pending -- -- --
05/08/2024 05/08/24 Price Changed $269,000 -2.2% $153 / Sq Ft
04/24/2024 04/24/24 Price Changed $275,000 -3.5% $156 / Sq Ft
04/09/2024 04/09/24 For Sale $285,000 -- $162 / 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 $2,758 $204,700 $71,900 $132,800
2023 $2,758 $185,200 $64,200 $121,000
2022 $2,566 $169,300 $63,600 $105,700
2021 $1,976 $156,800 $61,900 $94,900
2020 $1,678 $149,900 $61,900 $88,000
2019 $1,514 $130,700 $57,300 $73,400
2018 $1,344 $123,900 $50,500 $73,400
2017 $1,192 $112,100 $44,600 $67,500
2016 $1,138 $106,100 $41,800 $64,300
2015 $927 $73,500 $20,200 $53,300
2014 $927 $68,200 $18,700 $49,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6113022

APN: 395012000125