NOT LISTED FOR SALE

4583 Island Lake Dr Duluth, MN 55803

Estimated Value: $157,000 - $775,000

3 Beds
2 Baths
1,808 Sq Ft
$326/Sq Ft Est. Value

Last Sold August 04, 2023

Last sale price $684,000 $378 Per Sq Ft

Est. 14% decrease in value since last sale

Current estimated payment $3,448/month

37 Days on Market

Highlights

  • Private Waterfront
  • Beach Access
  • Heated Floors
  • Homecroft Elementary School Rated A-
  • RV Access or Parking
  • Recreation Room

About This Home

As of August 2023

Welcome to 4583 Island Lake Dr. Private land, no lease or lease buyout. Island lake is the area's largest inland body of water at over 8000 acres. Property is centrally located on the lake & an easy drive to town on paved roads. Come see this wonderfully & newly updated property. Be the first to enjoy it. Charming Northwoods feel will make you very welcome at the lake. Main floor has open concept living room, dining area & kitchen with vaulted T & G basswood ceilings. Views of the lake & easy access to your lake side deck with fantastic views. Two main floor bedrooms and a full bath. Lower level walkout has a large rec room with lake views, a hickory wet bar, & in floor heat. There is also a 3/4 bath & non-conforming bedroom/ den/ office area. Laundry area & mechanical room with additional storage. Lakeside of home features a gathering area & gentle slope down to the lake. Water access is easy with deep water. Garage has plenty of space with a bonus stall for more toys. Additional off-street parking for vehicles or friends, Paved driveway & second deck for your enjoyment. Recreation opportunities are endless with fishing, boating, & swimming just to mention a few. Nearby boat launch for extra convenience. Come enjoy the beautiful days & fabulous sunsets at the lake property you always dreamed about.

Last Agent to Sell the Property

Mike Dodge

Sunrise Real Estate, LLC Listed on: 06/05/2023

Last Buyer's Agent

Lars Olson

RE/MAX Results

RE/MAX Results

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,972

Year Built

  • Built in 2009

Lot Details

  • 0.44 Acre Lot
  • Private Waterfront
  • 100 Feet of Waterfront
  • Lake Front

Home Design

  • Ranch Style House
  • Wood Frame Construction
  • Vinyl Siding

Interior Spaces

  • Entryway
  • Living Room
  • Den
  • Recreation Room
  • Lower Floor Utility Room
  • Laundry Room
  • Heated Floors

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Bedroom in Basement
  • Recreation or Family Area in Basement
  • Finished Basement Bathroom

Parking

  • 3 Car Detached Garage
  • Driveway
  • Off-Street Parking
  • RV Access or Parking

Outdoor Features

  • Beach Access

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Boiler Heating System
  • Heating System Uses Propane
  • Private Water Source
  • Private Sewer

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 375-0023-00200

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,972

Year Built

Built in 2009

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Duluth take HWY 4 /RICE LAKE RD N to 2nd ABBOTT RD. Drive past boat launch. Right on Island Lake DR to address.
  • Waterfront Info Lake Maximum Depth: 94
  • L O1 Office Phone1 Number: 218-341-0645
  • List Price/ Sq Ft: 378.32
  • ShorelineCharacteristics: Hard, Shore-Accessible, Elevation-Medium
  • Property Sub-Type: SF/Detached
  • Tax Year: 2023
  • Lot Description Waterfront: Yes
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 904
  • Below Grade Finished Sq Ft: 904
  • Garage Type: Detached
  • Heat: Baseboard, Boiler, In Floor, Hot Water, Propane
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: No
  • Room 10: Bathroom
  • Bedroom 3: Bedroom
  • TotalBedrooms: 3
  • Year Built: 2009
  • Level 1 Bedroom: Main
  • RoomLevel10: Lower
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • RoomLevel6: Main
  • RoomLevel7: Lower
  • RoomLevel8: Lower
  • RoomLevel9: Basement
  • Property Style: Ranch/Rambler
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Basement Features: Finished, Walkout, Bath, Bedrooms, Den/Office, Family/Rec Room, Utility Room
  • Basement Material: Wood
  • Basement Style: Full
  • Bathroom Description: 3/4 Basement, Full Main Floor
  • Fireplace: No
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Kitchen
  • Main Residence Features:Family Room4: Bedroom
  • Bedroom 5: Bathroom
  • Stories: 1 Story
  • Room 6: Entry
  • Room 7: Rec Room
  • Room 8: Den/Office
  • Room 9: Laundry Room
  • Total Bathrooms: 2
  • Total Fin Square Footage: 1808
  • Exercise Room Level2: Main

Exterior Features

  • LakeAcres: 8000
  • Road Frontage: Paved
  • Waterfront Access: Private
  • Water Frontage In Feet: 100
  • Waterfront Name: Island
  • Construction Status: Previously Owned
  • Exterior: Vinyl

Garage/Parking

  • Parking Driveway: Driveway - Asphalt, Off Street, RV Parking
  • Garage Capacity: 3

Utilities

  • Power Company: Coop Power & Light
  • Sewer: Private
  • Water: Private

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Duluth #709
  • Junior High Dist: Duluth #709

Lot Info

  • Geo Update Timestamp: 2023-06-05
  • Estimated Lot Dimensions: 100x244 IRREGULAR
  • Estimated Number of Acres: 0.44
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 375-0023-00200
  • Waterfront Type: Inland Lake

Tax Info

  • Tax Amount: 2972

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2023
Closed on
Aug 4, 2023
Sold by
Stephen Lynne Marie and Stephen John M
Bought by
Gilmer Megan and Gilmer Jacob
Seller's Agent
Mike Dodge
Sunrise Real Estate, LLC
Buyer's Agent
Lars Olson
RE/MAX Results
List Price
$684,000
Sold Price
$684,000
Current Estimated Value
$590,097

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$93,903
Avg. Annual Appreciation
-8.19%
Original Mortgage
$649,800
Outstanding Balance
$637,273
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
-$64,174

Purchase Details

Closed on
Mar 19, 2021
Sold by
Obrien Dennis R
Bought by
Obrien Dennis R and Obrien Stephen Lynne
Source: Public Records

Range of Values:

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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
Gilmer Megan $684,000 The Title Team
Obrien Dennis R $13,939 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gilmer Megan $649,800
Previous Owner Obrien Dennis R $60,000
Previous Owner Obrien Dennis R $70,000
Previous Owner Obrien Dennis R $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2023 08/04/23 Sold $684,000 0.0% $378 / Sq Ft
07/12/2023 07/12/23 Pending -- -- --
06/05/2023 06/05/23 For Sale $684,000 -- $378 / 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
2023 $2,782 $264,300 $91,500 $172,800
2022 $2,746 $269,100 $91,500 $177,600
2021 $2,924 $226,700 $77,900 $148,800
2020 $2,998 $241,100 $80,600 $160,500
2019 $2,940 $241,100 $80,600 $160,500
2018 $2,752 $240,900 $80,600 $160,300
2017 $2,810 $241,000 $80,700 $160,300
2016 $2,658 $241,000 $80,700 $160,300
2015 $2,195 $192,900 $62,400 $130,500
2014 $2,195 $166,900 $60,900 $106,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6108468

APN: 375002300200