NOT LISTED FOR SALE

3877 E Highway 61 Grand Marais, MN 55604

Estimated Value: $318,000 - $434,000

2 Beds
3 Baths
2,220 Sq Ft
$166/Sq Ft Est. Value

Last Sold July 01, 2019

Last sale price $272,500 $123 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $2,155/month

265 Days on Market

Highlights

  • 480 Feet of Waterfront
  • Deck
  • Main Floor Primary Bedroom
  • Lake View
  • Wood Flooring
  • Den

About This Home

As of July 2019

Home in Paradise. They call the endless pebble beach just across the highway Paradise Beach for a reason. The views here are stunning and the beach is inviting, and it's part of this property. This 2 bedroom 3 bath home enjoys the view and proximity to Lake Superior's beauty without the lake-front taxes. The two level home could be converted to a duplex or have an apartment for extra income, as the lower walk-out level has a large family/rec-room plus two office or den rooms - space for bedrooms. There is plumbing stubbed for a kitchen, too. The 28 X 64 garage has a huge workshop with massive windows looking out at the lake. There's a new large septic system, new kitchen appliances, new furnace and on-demand hotwater heater. Everything is ready for you...in Paradise.

Last Agent to Sell the Property

Mike Raymond

Red Pine Realty Listed on: 04/24/2018

Last Buyer's Agent

Silviya Duclos

TimberWolff Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $116

Year Built

  • Built in 1978

Lot Details

  • 5.45 Acre Lot
  • Lot Dimensions are 475 x 550
  • 480 Feet of Waterfront
  • Lake Front
  • Property fronts a state road
  • Landscaped with Trees

Home Design

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

Interior Spaces

  • 2-Story Property
  • Woodwork
  • Ceiling Fan
  • Free Standing Fireplace
  • Bay Window
  • Wood Frame Window
  • Family Room
  • Living Room
  • Combination Kitchen and Dining Room
  • Den
  • Wood Flooring
  • Lake Views

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

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

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Finished Basement

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

Parking

  • 3 Car Detached Garage
  • Garage Door Opener
  • Off-Street Parking

Outdoor Features

  • Shared Waterfront
  • Deck

Utilities

  • Baseboard Heating
  • Boiler Heating System
  • Heating System Uses Propane
  • Private Water Source
  • Tankless Water Heater
  • Gas Water Heater
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number 55-233-1210

Home Details

Home Type

Single Family

Est. Annual Taxes

$116

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: East on Hwy 61 from Grand Marais to Paradise Beach.
  • L O1 Office Phone1 Number: 218-387-9599
  • List Price/ Sq Ft: 122.75
  • Remodeled Addition: Yes
  • Road Maintenance: See Remarks
  • Property Sub-Type: SF/Detached
  • Tax Year: 2017
  • View Type:Pond View: Lake Superior
  • Lot Description Waterfront: Yes
  • Reso Association Amenities: Ceiling Fans, Garage Door Opener, Hardwood Floors, Natural Woodwork, Patio Door, Main Floor Laundry, Washer Hook-Ups
  • Amenities Exterior: Deck
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1120
  • Below Grade Finished Sq Ft: 1100
  • Garage Type: Detached
  • Heat: Baseboard, Boiler, Propane
  • RdBtwnWtrfrntAndHome: Yes
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Master Bedroom
  • TotalBedrooms: 2
  • Year Built: 1978
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Lower
  • RoomLevel6: Lower
  • RoomLevel7: Lower
  • Property Style: Multi-level
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 2
  • Appliances: Dishwasher, Dryer, Range/Stove, Refrigerator, Washer
  • Basement Features: Finished, Walkout, Bath, Den/Office, Family/Rec Room
  • Basement Material: Concrete Block
  • Estimated Basement Sq Ft: 1120
  • Basement Style: Full
  • Bathroom 1 Level: 2
  • Level 2 Three Quarter Bathrooms: 1
  • Bathroom Description: 3/4 Basement, Full Master, 3/4 Main Floor
  • Formal Dining: Combine with Kitchen
  • Extra Rooms: Den/Office, Family/Rec, See Remarks
  • Fireplace: Yes
  • Den Fireplace Type: Free Standing
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Kitchen
  • Main Residence Features:Family Room4: Bedroom
  • Bedroom 5: Den/Office
  • Stories: 2 Story
  • Room 6: Den/Office
  • Room 7: Family Room
  • Total Bathrooms: 3
  • Total Fin Square Footage: 2220
  • Exercise Room Level2: Main

Exterior Features

  • Road Frontage: State
  • Waterfront Access: Public
  • Water Frontage In Feet: 480
  • Waterfront Name: Lake Superior
  • Construction Status: Previously Owned
  • Exterior: Wood
  • Window Features:Insulated Windows: Bay Window, Wood Frame

Garage/Parking

  • Parking Driveway: Off Street
  • Garage Capacity: 3

Utilities

  • Power Company: Arrowhead Electric
  • Sewer: Private
  • Water: Private

Schools

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

Lot Info

  • Geo Update Timestamp: 2018-04-28
  • Estimated Lot Dimensions: 475 X 550
  • Estimated Number of Acres: 5.45
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Tree Coverage - Medium, See Remarks
  • Parcel Number: 55-233-1210
  • Waterfront Type: Lake Superior

Rental Info

  • Lease Terms: Cash, Conventional, FHA, VA DVA

Tax Info

  • Tax Amount: 116

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2018
Closed on
Jul 1, 2019
Sold by
Natalia Kirk
Bought by
Keifer Marian J and Avery Lucinda L
Seller's Agent
Mike Raymond
Red Pine Realty
Buyer's Agent
Silviya Duclos
TimberWolff Realty LLC
List Price
$272,500
Sold Price
$272,500
Current Estimated Value
$369,113

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,613
Avg. Annual Appreciation
5.71%
Original Mortgage
$179,850
Outstanding Balance
$159,131
Interest Rate
4%
Mortgage Type
Construction
Estimated Equity
$224,534
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
Keifer Marian J $272,500 North Shore Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Keifer Marian J $179,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2019 07/01/19 Sold $272,500 0.0% $123 / Sq Ft
01/14/2019 01/14/19 Pending -- -- --
04/24/2018 04/24/18 For Sale $272,500 -- $123 / 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 $1,730 $333,642 $61,984 $271,658
2023 $18 $315,048 $63,263 $251,785
2022 $1,920 $311,015 $69,114 $241,901
2021 $2,090 $244,307 $61,100 $183,207
2020 $1,726 $264,036 $80,625 $183,411
2019 $1,726 $221,635 $61,778 $159,857
2018 $0 $216,700 $66,200 $150,500
2017 $116 $0 $0 $0
2016 $102 $39,500 $39,500 $0
2015 $384 $39,500 $39,500 $0
2014 $1,128 $114,000 $75,300 $38,700
2012 -- $225,800 $94,700 $131,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6074449

APN: 55-233-1210