NOT LISTED FOR SALE

4378 Pine Bay Loop Two Harbors, MN 55616

Estimated Value: $747,000 - $887,000

16.21 Acres
$51,228 Price per Acre
706,108 Sq Ft Lot

Last Sold February 08, 2017

Last sale price $500,000 $298 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $4,734/month

Highlights

  • 475 Feet of Waterfront
  • Lake View
  • 16.21 Acre Lot
  • RV Access or Parking

About This Lot

As of February 2017

Enjoy your own private black sand beach on Lake Superior! Spectacular views of the Lake in every direction! 475 feet of frontage. Half the beach is sandy, half has rocky boulders to climb or sit on. Over 16 acres to build your dream home or planned unit development with a conditional use permit. There is an older home and 2 garages on property that have not been lived in in over 10 years. Both need extensive work but could be fixed up. Price reflects value is in the land and not in the buildings. This is truly an amazing spot on Lake Superior.

Last Agent to Sell the Property

Kathy Cortes

Adolphson Real Estate Listed on: 01/10/2017

Co-Listed By

Kathy Mathias

Coldwell Banker East West Duluth

Last Buyer's Agent

Kathy Cortes

Adolphson Real Estate Listed on: 01/10/2017

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,252

Lot Details

  • 16.21 Acre Lot
  • 475 Feet of Waterfront
  • Lake Front

Property Views

  • Lake Views

Parking

  • Driveway
  • RV Access or Parking

Utilities

  • Private Company Owned Well
  • Private or Community Septic Tank
  • Phone Available

Property Details

Property Type

Land

Est. Annual Taxes

$7,252

Lot Details

0

Listing Details

  • Class: LOT/LAND
  • Directions: Approximately 43 miles from Lakeside in Duluth. North on Hwy 61 to right on Pine Loop Bay Rd. (Just past Split Rock Light House.) If you get to Beaver Bay, you've gone too far.
  • L O1 Office Phone1 Number: 218-728-5161
  • RdBtwnWtrfrnt: No
  • ShorelineCharacteristics: Rocky, Sand
  • Property Sub-Type: Residential
  • Tax Year: 2016
  • View Type:Pond View: Lake Superior
  • Lot Description Waterfront: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Water Frontage In Feet: 475
  • Waterfront Name: Lake Superior

Garage/Parking

  • Parking Driveway: Driveway - Asphalt, RV Parking

Utilities

  • Available Utilities: Electric, Private Septic, Private Well, Telephone
  • On Site Utilities: Electric, Private Septic, Private Well, Telephone

Schools

  • Junior High Dist: Lake Superior #381

Lot Info

  • Estimated Lot Dimensions: Irreg.
  • Estimated Number of Acres: 16.21
  • Cultivated Acreage: LSAR
  • Builder Restrictions: None
  • Geo Subdivision: MN
  • Lot Description: Accessible Shoreline
  • Waterfront Type: Lake Superior

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 7252.48

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 15, 2020
Sold by
Golfus Cynthia A
Bought by
Golfus Gabriel and Golfus Alexander
Current Estimated Value
$831,255

Purchase Details

Listed on
Jan 10, 2017
Closed on
Feb 8, 2017
Sold by
Mattson William
Bought by
Golfus Cynthia A
Seller's Agent
Kathy Cortes
Adolphson Real Estate
Buyer's Agent
Kathy Cortes
Adolphson Real Estate
List Price
$500,000
Sold Price
$500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.85%
Original Mortgage
$400,000
Interest Rate
4.12%
Mortgage Type
New Conventional
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 Buyer Sale Price Title Company
Golfus Gabriel -- None Available
Golfus Cynthia A $500,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Golfus Cynthia A $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/08/2017 02/08/17 Sold $500,000 0.0% $298 / Sq Ft
01/10/2017 01/10/17 Pending -- -- --
01/10/2017 01/10/17 For Sale $500,000 -- $298 / 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
2025 $4,644 $790,500 $449,000 $341,500
2024 $2,783 $809,800 $449,000 $360,800
2023 $3,837 $681,300 $393,200 $288,100
2022 $3,837 $562,500 $331,200 $231,300
2021 $3,849 $494,300 $303,300 $191,000
2020 $3,665 $488,400 $305,100 $183,300
2019 $334 $344,100 $336,300 $7,800
2018 $2,709 $344,100 $336,300 $7,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6026842

APN: 26-5546-00010