NOT LISTED FOR SALE

39170 County Road 257 Cohasset, MN 55721

Estimated Value: $314,000 - $366,000

5 Beds
4 Baths
2,184 Sq Ft
$157/Sq Ft Est. Value

Last Sold November 30, 2022

Last sale price $265,000 $121 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $2,045/month

Highlights

  • 495 Feet of Waterfront
  • 291,852 Sq Ft lot
  • Dining Room
  • Guest Suite with Kitchen
  • No HOA
  • Hot Water Heating System

About This Home

As of November 2022

Two complete living spaces on each floor (3 beds/2 baths up and 2 beds/2 baths in the walkout lower level - both with laundry) give this home on Guile Lake a lot of possibilities, especially for Air B&B or VRBO investors. The 6.7 acres on almost
500 ft. of lakeshore are adjacent to another 1,800 ft. of state shoreland, all just minutes from Grand Rapids and Pokegama Lake on paved roads. Natural gas in-floor heat on both levels with excellent insulation and energy efficiency. Long or short-term rental income from the lower level could easily cover a majority of a mortgage payment - or lease the entire property for excellent revenue potential. High-speed fiber internet. Preliminary site plans for a 24x24 garage have been presented to the City of Cohasset and should not require any variances - a larger garage could be constructed with the removal of a large oak tree. Seller will be pouring a concrete pad and walkway for downstairs entrance, but is waiting for buyer for design input.

Last Agent to Sell the Property

Jesse Davis

MOVE IT REAL ESTATE GROUP/LAKEHOMES.COM Listed on: 10/07/2022

Last Buyer's Agent

Krystale Fee

Central MN Realty LLC

Central MN Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,554

Year Built

  • Built in 2016

Lot Details

  • 6.7 Acre Lot
  • Lot Dimensions are 495x260x925x325x425
  • 495 Feet of Waterfront
  • Lake Front

Home Design

  • Wood Foundation
  • Metal Roof

Interior Spaces

  • 2-Story Property
  • Family Room
  • Living Room with Fireplace
  • Dining Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Guest Suite with Kitchen

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Hot Water Heating System
  • 200+ Amp Service
  • Well

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 050191102

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,554

Year Built

Built in 2016

Lot Details

0

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Ductless Mini-Split
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: Well
  • Year Built: 2016
  • Above Grade Finished Sq Ft: 1092
  • Water Body Name: Guile
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Second Unit: Existing In-Law w/Kitchen
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Full, Walkout, Wood
  • Fireplace Features: Living Room
  • Living Area: 2184
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 1092
  • Basement YN: Yes
  • Dining Room Type: Living Room, Family Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen- 2nd, Informal Dining Room, Laundry
  • SqFtTotal: 2184.00

Beds/Baths

  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Three Quarter Bathrooms: 2

Exterior Features

  • Roof: Metal
  • View: Lake
  • Lake Acres: 87
  • Lake Bottom: Undeveloped,Weeds
  • LakeChain: N
  • Elevation Highpoint to Waterfront Feet: 10-15
  • Waterfront Frontage: 495

Garage/Parking

  • Parking Features: Gravel
  • Garage Square Feet: 0

Utilities

  • Heating: Hot Water, Radiant Floor
  • Sewer: Mound Septic, Private Sewer
  • Electric: 200+ Amp Service
  • Fuel: Natural Gas

Condo/Co-op/Association

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

Schools

  • Junior High Dist: Grand Rapids
  • SchoolDistrictNumber: 318
  • SchoolDistrictPhone: 218-327-5704

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: 495x260x925x325x425
  • Lot Size Sq Ft: 291852
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Yes
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Steel Siding

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 050191102
  • Tax Annual Amount: 1554
  • TaxWithAssessments: 1584.0000

Multi Family

  • WaterfrontFeatures: Lake Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2022
Closed on
Nov 30, 2022
Sold by
Landey Joshua and Landey Brittany
Bought by
Mckeever Gary and Mairs Alexandra
Seller's Agent
Jesse Davis
MOVE IT REAL ESTATE GROUP/LAKEHOMES.COM
Buyer's Agent
Krystale Fee
Central MN Realty LLC
List Price
$274,900
Sold Price
$265,000
Premium/Discount to List
-$9,900
-3.6%
Views
14
Current Estimated Value
$342,920

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,920
Avg. Annual Appreciation
6.41%
Original Mortgage
$265,000
Outstanding Balance
$258,352
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$57,021

Purchase Details

Closed on
Mar 6, 2015
Sold by
Kurtz Mark S and Kurtz Nancy K
Bought by
Landey Joshua Joseph

Purchase Details

Closed on
Oct 29, 2009
Sold by
Anderson Keith D
Bought by
Kurtz Mark S and Kurtz Nancy K
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
Mckeever Gary $265,000 --
Landey Joshua Joseph $35,000 None Available
Kurtz Mark S $30,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mckeever Gary $265,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2022 11/30/22 Sold $265,000 -3.6% $121 / Sq Ft
10/07/2022 10/07/22 Pending -- -- --
10/07/2022 10/07/22 For Sale $274,900 -- $126 / 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 $2,612 $299,000 $63,900 $235,100
2023 $2,612 $144,700 $63,900 $80,800
2022 $1,562 $136,500 $62,400 $74,100
2021 $1,506 $115,900 $57,400 $58,500
2020 $1,880 $115,900 $57,400 $58,500
2019 $1,754 $134,500 $72,000 $62,500
2018 $978 $131,800 $69,300 $62,500
2017 $774 $0 $0 $0
2016 $642 $0 $0 $0
2015 $630 $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6269418

NorthstarMLS

APN: 05-019-1102