NOT LISTED FOR SALE

4489 Highway 3 Silver Bay, MN 55614

Estimated Value: $110,000 - $153,000

40 Acres
$3,171 Price per Acre
1,742,400 Sq Ft Lot

Last Sold March 31, 2023

Last sale price $110,000

Est. 15% increase in value since last sale

Current estimated payment $705/month

81 Days on Market

Highlights

  • Private Waterfront
  • 40 Acre Lot
  • No HOA
  • Home fronts a pond

About This Lot

As of March 2023

Looking for extra land for hunting, snowmobiling, 4-wheeling or just a place for peace & Quiet ~ Here it is! Offering 40 Acres, with Cabin, in the perfect setting. Located off Hwy 3, 20 miles from Two Harbors, surrounded by State & County land, this is a perfect getaway. There is driveway access to this property with one complete & partially furnished cabin (wired for a generator) with a wood stove, and another cabin that is enclosed but not finished & an outhouse on site. This 40 Acres offers direct access to Split Rock Hunters Walking Trail and Wild Country Trail. There are power lines close by, there is a pond on the property. Call today for a showing. Maps available on listing.

Last Agent to Sell the Property

Lavonne Christensen

Odyssey Real Estate Group Listed on: 12/02/2022

Last Buyer's Agent

Jon Chapek

Odyssey Real Estate Group

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $476

Lot Details

  • 40 Acre Lot
  • Lot Dimensions are 1320 x 1320
  • Home fronts a pond
  • Private Waterfront
  • 1,000 Feet of Waterfront

Community Details

  • No Home Owners Association

Property Details

Property Type

Land

Est. Annual Taxes

$476

Lot Details

0

Listing Details

  • Class: LOT/LAND
  • Directions: Head North on Hwy 3 out of Two Harbors. Property is 19.4 Miles up on your left. Follow driveway into property. Do not turn right into the cabin that is on leased land on your way in. Follow Odyssey signs.
  • L O1 Office Phone1 Number: 218-834-2495
  • RdBtwnWtrfrnt: No
  • Property Sub-Type: Recreational
  • Tax Year: 2022
  • Lot Description Waterfront: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Waterfront Access: Private
  • Water Frontage In Feet: 1000
  • Waterfront Name: Unnamed

Condo/Co-op/Association

  • Association Fee: No

Schools

  • Junior High Dist: Lake Superior #381

Lot Info

  • Estimated Lot Dimensions: 1320 x 1320
  • Estimated Number of Acres: 40
  • Cultivated Acreage: LSAR
  • Builder Restrictions: None
  • Geo Subdivision: MN
  • Land Improvements: Yes
  • Waterfront Type: Pond

Tax Info

  • Tax Amount: 476.12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 30, 2024
Sold by
Westerlund Emily
Bought by
Strong Jared and Strong Jesse
Current Estimated Value
$126,821

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,000
Outstanding Balance
$37,620
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$89,201

Purchase Details

Listed on
Dec 2, 2022
Closed on
Mar 27, 2023
Sold by
Ward Jon and Ward Laura
Bought by
Westerlund Emily
Seller's Agent
Lavonne Christensen
Odyssey Real Estate Group
Buyer's Agent
Jon Chapek
Odyssey Real Estate Group
List Price
$110,000
Sold Price
$110,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.16%
Original Mortgage
$104,500
Interest Rate
6.12%
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
Strong Jared $113,000 --
Westerlund Emily $110,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Strong Jared $38,000
Previous Owner Westerlund Emily $104,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2023 03/31/23 Sold $110,000 0.0% --
02/21/2023 02/21/23 Pending -- -- --
12/02/2022 12/02/22 For Sale $110,000 -- --
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 $568 $105,300 $42,500 $62,800
2024 $346 $96,000 $35,500 $60,500
2023 $367 $84,500 $35,500 $49,000
2022 $476 $81,100 $30,900 $50,200
2021 $481 $57,100 $30,900 $26,200
2020 $503 $44,500 $30,900 $13,600
2019 $467 $44,100 $32,800 $11,300
2018 $478 $53,400 $32,800 $20,600
2017 $526 $53,400 $32,800 $20,600
2016 $478 $61,400 $40,600 $20,800
2015 $509 $54,600 $36,900 $17,700
2014 $509 $0 $0 $0
2013 $491 $0 $0 $0
2012 $518 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2023

    Lavonne Christensen

    Odyssey Real Estate Group

  • J

    Buyer's Agent in 2023

    Jon Chapek

    Odyssey Real Estate Group

    (952) 715-7707

    110 Total Sales

    Jon Chapek
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6106455

APN: 29-5509-15490

Minnesota Lake County Silver Bay 55614

4489 Highway 3, Silver Bay, MN

Not Listed for Sale

Lots

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