NOT LISTED FOR SALE

4574 Hwy 3 Silver Bay, MN 55614

Estimated Value: $108,000 - $182,000

1 Bed
-- Bath
380 Sq Ft
$403/Sq Ft Est. Value

Last Sold May 27, 2016

Last sale price $62,000 $163 Per Sq Ft

Est. 147% increase in value since last sale

Current estimated payment $888/month

90 Days on Market

Highlights

  • 898 Feet of Waterfront
  • 20 Acre Lot
  • Loft
  • River View
  • Deck
  • Woodwork

About This Home

As of May 2016

Charming nearly new cabin with a covered porch, loft sleeping area with a shed/shower building too. Good driveway to a possible building site between the East Split Rock River and a No name stream. Year round access from Hwy 3, electricity nearby.

Last Agent to Sell the Property

Christine Mattila

CENTURY 21 Atwood Listed on: 01/19/2016

Last Buyer's Agent

Lisa Michalski

Edina Realty, Inc. - Duluth

Edina Realty, Inc. - Duluth

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $472

Year Built

  • Built in 2006

Lot Details

  • 20 Acre Lot
  • Lot Dimensions are 1638x1638x897.93
  • 898 Feet of Waterfront
  • River Front
  • Property fronts a county road
  • Landscaped with Trees

Property Views

  • River
  • Limited

Home Design

  • Bungalow
  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 1 Bedroom
  • 380 Sq Ft Home
  • Multi-Level Property
  • Woodwork
  • Living Room
  • Loft

Parking

  • No Garage
  • Gravel Driveway

Outdoor Features

  • Deck
  • Storage Shed

Utilities

  • No Cooling
  • Heating System Uses Wood
  • Water Not Available
  • Not Connected to Sewer

Community Details

  • East Split Rock River Sites Community

Listing and Financial Details

  • Assessor Parcel Number 29-5525-01030

Home Details

Home Type

Single Family

Est. Annual Taxes

$472

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Estimated Wooded Acres: 20
  • Class: SINGLE FAMILY
  • Directions: From Beaver Bay, Lax Lake Road to Lake County Highway 3 past Silver Bay Airport approximately 3 miles, driveway is on the left
  • L O1 Office Phone1 Number: 218-220-0334
  • List Price/ Sq Ft: 163.16
  • Remodeled Addition: No
  • ShorelineCharacteristics: Undeveloped
  • Property Sub-Type: SF/Detached
  • Tax Year: 2016
  • Twp Number: 55N
  • View Type:Pond View: River, Limited
  • Lot Description Waterfront: Yes
  • Air Conditioner: None
  • Reso Association Amenities: Natural Woodwork
  • Amenities Exterior: Deck
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 380
  • Garage Type: None
  • Heat: Wood
  • DevComplexSubName: East Split Rock River Sites
  • New Development: No
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Metal
  • TotalBedrooms: 1
  • Year Built: 2006
  • Level 1 Bedroom: Main
  • Property Style: Bungalow
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Features: N/A
  • Basement Material: N/A
  • Estimated Basement Sq Ft: 234
  • Basement Style: Posts
  • Fireplace: No
  • Bathroom 1: Living Room
  • Bathroom 2: Loft
  • Stories: 1.25 - 1.75 Story
  • Total Fin Square Footage: 380
  • Exercise Room Level2: Upper

Exterior Features

  • Out Buildings: Storage Shed
  • Road Frontage: County
  • Water Frontage In Feet: 897.93
  • Waterfront Name: Split Rock River
  • Construction Status: Previously Owned
  • Exterior: Wood

Garage/Parking

  • Parking Driveway: Driveway - Gravel

Utilities

  • Power Company: Coop Power & Light
  • Sewer: None
  • Water: None

Schools

  • School District: Lake Superior #381
  • Junior High Dist: Lake Superior #381

Lot Info

  • Geo Update Timestamp: 2016-05-27
  • Estimated Lot Dimensions: 1638x1638x897.93
  • Estimated Number of Acres: 20
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Accessible Shoreline, Low Land, Tree Coverage - Medium
  • Parcel Number: 29-5525-01030
  • Waterfront Type: River

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 472.28

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2016
Closed on
May 27, 2016
Sold by
Sigmund Steven A and Sigmund Celeste A
Bought by
Hagen Molly E and Hagen Deron B
Seller's Agent
Christine Mattila
CENTURY 21 Atwood
Buyer's Agent
Lisa Michalski
Edina Realty, Inc. - Duluth
List Price
$62,000
Sold Price
$62,000
Current Estimated Value
$153,023

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,023
Avg. Annual Appreciation
10.47%
Source: Public Records

Range of Values:

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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
Hagen Molly E $62,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sigmund Steven A $46,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2016 05/27/16 Sold $62,000 0.0% $163 / Sq Ft
04/18/2016 04/18/16 Pending -- -- --
01/19/2016 01/19/16 For Sale $62,000 -- $163 / 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 $664 $118,600 $72,600 $46,000
2024 $397 $105,400 $61,100 $44,300
2023 $317 $96,900 $61,100 $35,800
2022 $528 $70,200 $43,500 $26,700
2021 $531 $59,800 $43,600 $16,200
2020 $584 $59,800 $43,600 $16,200
2019 $545 $58,600 $46,100 $12,500
2018 $418 $58,600 $46,100 $12,500
2017 $490 $46,100 $46,100 $0
2016 $472 $56,500 $56,500 $0
2015 $502 $51,500 $51,500 $0
2014 $502 $0 $0 $0
2013 $450 $0 $0 $0
2012 $475 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6020020

APN: 29-5525-01030