$70,000
SOLD SEP 26, 2025

40 Nelson Dr Silver Bay, MN 55614

-- Bed
-- Bath
1,320 Sq Ft
13,068 Sq Ft Lot

Recently Sold

$53 Per Sq Ft

22% Below List Price

138 Days on Market

Highlights

  • Traditional Architecture
  • 1-Story Property
  • Wood Siding
  • No HOA
  • Under Construction

About This Home

As of September 2025

Plenty of potential in this Silver Bay home. Corner lot with a nice yard and all ready for your own construction and finishing work, it has been gutted. Let your own ideas, visions and sweat equity make this the home you will enjoy for years to come!

Last Agent to Sell the Property

Gigi Maxwell

Legacy Real Estate Group LLC Listed on: 04/26/2025

Last Buyer's Agent

Kimberly Powell

Messina & Associates Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,736

Year Built

  • Built in 1980 | Under Construction

Lot Details

  • 13,068 Sq Ft Lot
  • Lot Dimensions are 85 x 154 x 89 x 155

Parking

  • No Garage

Home Design

  • Traditional Architecture
  • Wood Frame Construction
  • Wood Siding

Interior Spaces

  • 1-Story Property

Utilities

  • No Heating
  • Water Not Available
  • Not Connected to Sewer

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 22-7520-30390, 22-7520-30400

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,736

Year Built

Built in 1980 | Under Construction

Lot Details

0.3 Acres

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Outer Dr to left on Edison Blvd to right on Law Dr to Nelson Dr, it is on the corner of Nelson and Marks Dr
  • L O1 Office Phone1 Number: 218-393-4753
  • Property Sub-Type: SF/Detached
  • Tax Year: 2025
  • Lot Description Waterfront: No
  • Mfg And Park Info Construction Type: Frame/Wood
  • Garage Type: None
  • Heat: None
  • MainFloorBath: No
  • Year Built: 1980
  • Property Style: Traditional
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Material: N/A
  • Basement Style: None
  • Bathroom Description: None
  • Fireplace: No
  • Bedroom Features:Main Floor Bedroom: No
  • Stories: 1 Story

Exterior Features

  • Construction Status: Under Construction
  • Exterior: Wood

Utilities

  • Power Company: Minnesota Power
  • Sewer: City, None
  • Water: City, None

Condo/Co-op/Association

  • Association Fee: No

Schools

  • Junior High Dist: Lake Superior #381

Lot Info

  • Estimated Lot Dimensions: 85 x 154 x 89 x 155
  • Estimated Number of Acres: 0.3
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 22-7520-30390, 22-7520-30400

Tax Info

  • Tax Amount: 1736

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2025
Closed on
Sep 24, 2025
Sold by
Rock Island Home Watertown West Metro
Bought by
Hotek Rodger and Hotek Judith
Seller's Agent
Gigi Maxwell
Legacy Real Estate Group LLC
Buyer's Agent
Kimberly Powell
Messina & Associates Real Estate
List Price
$90,000
Sold Price
$70,000
Premium/Discount to List
-$20,000
-22.22%
Views
153
Current Estimated Value
$131,165

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,165
Avg. Annual Appreciation
251.11%

Purchase Details

Closed on
Nov 1, 2021
Sold by
Swanson Kalvin and Swanson Katherine
Bought by
Rock Is Home Watertown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Type Sale Price Title Company
Deed $70,000 --
Quit Claim Deed $3,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/26/2025 09/26/25 Sold $70,000 -10.1% $53 / Sq Ft
09/11/2025 09/11/25 Pending -- -- --
07/17/2025 07/17/25 Price Changed $77,900 -2.5% $59 / Sq Ft
05/28/2025 05/28/25 Price Changed $79,900 -11.2% $61 / Sq Ft
04/26/2025 04/26/25 For Sale $90,000 -- $68 / Sq Ft
Source: Lake Superior Area REALTORS®

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 $1,736 $121,400 $19,900 $101,500
2024 $406 $127,100 $19,900 $107,200
2023 $441 $107,000 $19,900 $87,100
2022 $1,442 $105,300 $18,900 $86,400
2021 $1,365 $77,500 $15,100 $62,400
2020 $1,462 $74,900 $15,000 $59,900
2019 $1,304 $65,600 $15,000 $50,600
2018 $1,307 $65,600 $15,000 $50,600
2017 $368 $60,300 $13,500 $46,800
2016 $353 $60,300 $13,500 $46,800
2015 $365 $60,400 $13,300 $47,100
2014 $365 $0 $0 $0
2013 $344 $0 $0 $0
2012 $353 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2025

    Gigi Maxwell

    Legacy Real Estate Group LLC

    (218) 220-8729

    163 Total Sales

    Gigi Maxwell
    Section Image
  • Kimberly Powell

    Buyer's Agent in 2025

    Kimberly Powell

    Messina & Associates Real Estate

    (218) 464-8224

    115 Total Sales

    Kimberly Powell
    Section Image
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6118913

APN: 22-7520-30390

Minnesota Lake County Silver Bay 55614

40 Nelson Dr, Silver Bay, MN

Sold

Detached

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