NOT LISTED FOR SALE

37994 485th Ln Palisade, MN 56469

Estimated Value: $335,962 - $414,000

1 Bed
1 Bath
1,800 Sq Ft
$206/Sq Ft Est. Value

Last Sold September 13, 2022

Last sale price $260,000 $144 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $2,212/month

7 Days on Market

Highlights

  • 100 Feet of Waterfront
  • No HOA
  • Dining Room
  • Loft
  • Living Room
  • Baseboard Heating

About This Home

As of September 2022

Bring your dreams to life! If you're into restoring a part the past, this Round Lake gem is a MUST SEE ... authentic log cabin with a 24x48 garage on over 1/2 an acre lot, boasting 100 feet of gorgeous hard, sandy shoreline. Dock included. Quiet and ideally situated at the end of a dead-end road. Open floor plan with an oversized loft and floor-to-ceiling lakeside windows that capture the beauty of the outdoors. This place will take some work... needs log restoration, new windows, new roof, etc... but you'll have to agree, it's a masterpiece in the making!

Last Agent to Sell the Property

Kimberly Baker

RE/MAX Northland Listed on: 08/18/2022

RE/MAX Northland

Co-Listed By

Jared Lundgren

RE/MAX Northland

Last Buyer's Agent

Kimberly Baker

RE/MAX Northland Listed on: 08/18/2022

RE/MAX Northland

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,906

Year Built

  • Built in 1987

Lot Details

  • 0.65 Acre Lot
  • 100 Feet of Waterfront
  • Lake Front
  • Additional Parcels

Parking

  • 4 Car Garage

Home Design

  • Log Siding

Interior Spaces

  • 1,800 Sq Ft Home
  • 1.5-Story Property
  • Living Room
  • Dining Room
  • Loft
  • Crawl Space

Kitchen

  • Range
  • Microwave

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Utilities

  • Baseboard Heating
  • Boiler Heating System
  • 100 Amp Service
  • Propane
  • Private Water Source
  • Well

Community Details

  • No Home Owners Association
  • Melody Manor Subdivision

Listing and Financial Details

  • Assessor Parcel Number 351073700

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,906

Year Built

Built in 1987

Lot Details

0

Parking

4

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Window Unit(s)
  • Garage Spaces: 4
  • Accessibility Features: None
  • Water Source: Private, Well
  • Year Built: 1987
  • Above Grade Finished Sq Ft: 1800
  • Water Body Name: Round Lake (01002300)
  • Unit Levels: One and One Half
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • FoundationDimensions: 28X38
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Crawl Space
  • Appliances: Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator
  • Living Area: 1800
  • Fireplace: No
  • Basement YN: No
  • Dining Room Type: Living Room, Dining Room, Kitchen, Bedroom 1, Loft, Loft
  • SqFtTotal: 1800.00

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 1

Exterior Features

  • Roof: Asphalt
  • Fencing: None
  • View: Lake, North
  • ConstructionMaterialsDesc: Log
  • Lake Acres: 553
  • Lake Bottom: Gravel,Hard,Sand
  • LakeChain: N
  • Elevation Highpoint to Waterfront Feet: 0-4
  • Waterfront Frontage: 100

Garage/Parking

  • Parking Features: Detached, Gravel
  • Garage Square Feet: 1152

Utilities

  • Heating: Baseboard, Boiler
  • Sewer: Mound Septic, Private Sewer
  • Electric: Circuit Breakers, 100 Amp Service
  • Fuel: Propane

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Deck,Natural Woodwork,Vaulted Ceiling(s)

Schools

  • Junior High Dist: Aitkin
  • SchoolDistrictNumber: 8001
  • SchoolDistrictPhone: 218-927-2115

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: 100x305x100x310/IRR
  • Lot Size Sq Ft: 28444.68
  • Land Lease: No
  • Lot Features: Tree Coverage - Medium
  • Additional Parcels Description: 351075400
  • Additional Parcels: Yes
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Seasonal

Building Info

  • Construction Materials: Log

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 351073700
  • Tax Annual Amount: 1906
  • TaxWithAssessments: 1906.0000

Multi Family

  • WaterfrontFeatures: Lake Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2022
Closed on
Sep 13, 2022
Sold by
The Estate Of Charlotte R Christensen
Bought by
Degen Michael and Degen Julie
Seller's Agent
Kimberly Baker
RE/MAX Northland
Buyer's Agent
Kimberly Baker
RE/MAX Northland
List Price
$290,000
Sold Price
$260,000
Premium/Discount to List
-$30,000
-10.34%
Current Estimated Value
$370,741

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$110,741
Avg. Annual Appreciation
10.79%
Original Mortgage
$260,000
Outstanding Balance
$249,528
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$100,462
Source: Public Records

Range of Values:

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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
Degen Michael $260,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Degen Michael $260,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/13/2022 09/13/22 Sold $260,000 -10.3% $144 / Sq Ft
08/25/2022 08/25/22 Pending -- -- --
08/18/2022 08/18/22 For Sale $290,000 -- $161 / 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 $1,962 $369,900 $228,800 $141,100
2024 $1,976 $346,400 $211,400 $135,000
2023 $1,820 $342,900 $208,100 $134,800
2022 $1,902 $296,400 $174,000 $122,400
2021 $1,910 $237,100 $143,500 $93,600
2020 $1,772 $250,000 $143,500 $106,500
2019 $1,734 $224,400 $132,500 $91,900
2018 $1,720 $209,000 $132,500 $76,500
2017 $1,662 $209,100 $138,000 $71,100
2016 $1,730 $208,800 $138,000 $70,800
2014 $1,684 $217,500 $140,000 $77,500
2012 $16 $233,900 $146,500 $87,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6249744

NorthstarMLS

APN: 35-1-073700