NOT LISTED FOR SALE

4040 Gerzin Rd Mountain Iron, MN 55768

Estimated Value: $295,000 - $303,036

3 Beds
2 Baths
1,520 Sq Ft
$197/Sq Ft Est. Value

Last Sold October 16, 2024

Last sale price $275,000 $181 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $1,707/month

Highlights

  • 80 Acre Lot
  • Forced Air Heating System
  • Baseboard Heating
  • Deck

About This Home

As of October 2024

This property is truly a rare find! Nestled on 80 stunning acres, it offers the perfect blend of home comfort and outdoor adventure. The solid three-bedroom, two-bathroom house provides a great foundation for country life or a peaceful retreat. The land itself is a dream come true for outdoor enthusiasts, featuring deer stands and ample space for various activities. The property also includes a cell tower, generating a steady monthly income of $495.85—an excellent bonus. Additional features like the older barn, outdoor wood shed, and the ready-to-go slab and electrical for an outdoor wood boiler enhance its value. The spacious three-plus car garage is perfect for storage or hobbies. Whether you’re looking for a serene escape or a place with endless outdoor possibilities, this property offers it all.

Last Agent to Sell the Property

Lee Zieske

Johnson Hometown Realty Listed on: 09/16/2024

Last Buyer's Agent

Samantha Moberg

Bridge Realty, LLC License #40389983

Bridge Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,782

Year Built

  • Built in 1975

Lot Details

  • 80

Parking

  • 3 Car Garage

Home Design

  • 1,520 Sq Ft Home
  • Bi-Level Home
  • Wood Frame Construction
  • Metal Roof
  • Hardboard

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Electric Dryer
  • Washer

Basement

  • Partial Basement
  • Crawl Space

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Baseboard Heating
  • Heating System Uses Gas
  • Electric Water Heater

Additional Features

  • Electric Range
  • Deck
  • 80 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 290-0010-03700 & 03690

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,782

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Class: Residential
  • Construction: Wood Frame
  • Guttering: Yes
  • Heat: Gas, Forced Air, Baseboard
  • Lower Level Bathrooms: .75
  • Lvt Date: 09/16/2024
  • Number Of Bedrooms: 3
  • Parcel Code Number: 290-0010-03700 & 03690
  • Patioporch: Deck
  • Percent Of Bsmnt Finished: 40
  • Real Estate Tax: 2782
  • Style: Bi-Level
  • Type: Residential
  • Upper Level Bedrooms: 3
  • Year Built: 1975
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Finished Sq Ft: 1520
  • Bedroom 1: Size: 14'7x11'3, On Level: Upper
  • Total Bathrooms: 1.75
  • Appliances: Electric Range, Hood, Refrigerator, Washer, Elec. Dryer
  • Basement: Crawl, Partial, Poured
  • Bedroom 2: Size: 11'10x11'1, On Level: Upper
  • Bedroom 3: Size: 11'8x10'11, On Level: Upper
  • Dining Room: Size: 11'3x8'11, On Level: Main
  • Kitchen: Size: 9'1x10'10, On Level: Main
  • Living Room: Size: 18'5x13'10, On Level: Main
  • Other Room 2: Den, Size: 10'2x7, On Level: Lower
  • Other Room 3: Utility, Size: 19'x14'2, On Level: Lower
  • Rec Room: Size: 14'4x12'10, On Level: Lower

Exterior Features

  • Exterior: Hard Board
  • Roof: Metal

Garage/Parking

  • Garage: 3+ Stalls
  • Garage Capacity: 3
  • Garage Size: 36'2x26'2

Utilities

  • Cooling: Window Unit
  • Water Heater: Elec. Off Peak

Lot Info

  • Lot Size: Dimensions: 1323x2601
  • Number Of Acres: 80
  • Zoning: RES

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2024
Closed on
Oct 14, 2024
Sold by
Zarich David Theodore
Bought by
Koski Cassidy
Seller's Agent
Lee Zieske
Johnson Hometown Realty
Buyer's Agent
Samantha Moberg
Bridge Realty, LLC
List Price
$290,000
Sold Price
$275,000
Premium/Discount to List
-$15,000
-5.17%
Views
4
Current Estimated Value
$298,759

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,759
Avg. Annual Appreciation
7.21%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Koski Cassidy $275,000 Sellman Title
Koski Cassidy $275,000 Sellman Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/16/2024 10/16/24 Sold $275,000 0.0% $181 / Sq Ft
10/02/2024 10/02/24 Off Market $275,000 -- --
09/16/2024 09/16/24 For Sale $290,000 -- $191 / Sq Ft
Source: Range Association of 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 $1,746 $260,100 $73,800 $186,300
2023 $1,746 $209,800 $59,000 $150,800
2022 $1,582 $191,300 $54,700 $136,600
2021 $1,484 $177,500 $50,900 $126,600
2020 $1,672 $167,600 $50,900 $116,700
2019 $1,604 $184,500 $50,900 $133,600
2018 $1,400 $184,500 $50,900 $133,600
2017 $1,442 $164,000 $51,000 $113,000
2016 $1,450 $164,000 $51,000 $113,000
2015 $1,472 $116,300 $41,900 $74,400
2014 $1,472 $145,200 $54,500 $90,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Range Association of REALTORS®

MLS Number: 147464

Range Association of REALTORS®

APN: 290001003700