NOT LISTED FOR SALE

4716 Majestic Lake Rd Iron Junction, MN 55751

Estimated Value: $248,000 - $364,198

1 Bed
2 Baths
368 Sq Ft
$853/Sq Ft Est. Value

Last Sold October 05, 2015

Last sale price $40,000 $109 Per Sq Ft

Est. 685% increase in value since last sale

Current estimated payment $1,920/month

About This Home

As of October 2015

CHARMING SEASONAL CABIN ON MAJESTIC LAKE. Lot size are approximate. 155 feet of lake frontage. Age of cabin is estimated. Outdoor privy. Seasonal cabin no heat.

Last Agent to Sell the Property

Betty Culbert

Culbert's Missabe Appraisal Service, Inc. License #4000338 Listed on: 08/14/2015

Last Buyer's Agent

Wavie Edwards

Edwards & Associates Inc. License #20028939

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $496

Year Built

  • Built in 1960

Lot Details

  • 0.91 Acre Lot
  • Irregular Lot
  • Property is zoned LR

Home Design

  • Shingle Roof
  • Hardboard

Interior Spaces

  • 1 Bedroom
  • 368 Sq Ft Home
  • 1-Story Property

Kitchen

  • Electric Range
  • Microwave

Listing and Financial Details

  • Assessor Parcel Number 175-0019-00050

Home Details

Home Type

Single Family

Est. Annual Taxes

$496

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Class: Residential
  • Irregular Lot Size: Yes
  • Number Of Bedrooms: 1
  • Parcel Code Number: 175-0019-00050
  • Real Estate Tax: 496.10
  • Style: One Story
  • Total Above Grade Sq Ft: 368
  • Type: Residential
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Finished Sq Ft: 368
  • Bedroom 1: Size: 8x15, On Level: Main
  • Appliances: Electric Range, Microwave, Refrigerator
  • Kitchen: Size: 9x11, On Level: Main
  • Living Room: Size: 9x11, On Level: Main
  • Main Level Bedrooms: 1
  • Main Level Sq Ft: 368

Exterior Features

  • Exterior: Hard Board
  • Roof: Shingle

Schools

  • School District: Mt Iron/Buhl-712

Lot Info

  • Lot Size: Dimensions: 255.43x155
  • Number Of Acres: 0.91
  • Zoning: LR

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 27, 2018
Sold by
Werschav Frank W and Werschav Diana L
Bought by
Powell Michael R
Current Estimated Value
$314,050

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Outstanding Balance
$38,531
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$270,234

Purchase Details

Listed on
Aug 14, 2015
Closed on
Oct 5, 2015
Sold by
Meyers Bradley D
Bought by
Werschay Frank W and Werschay Diana L
Seller's Agent
Betty Culbert
Culbert's Missabe Appraisal Service, Inc.
Buyer's Agent
Wavie Edwards
Edwards & Associates Inc.
Sold Price
$40,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.85%

Purchase Details

Closed on
Aug 18, 2008
Sold by
Meyers Mary Ellen
Bought by
Meyers Bradley D
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Powell Michael R $225,000 Northeast Title Company
Werschay Frank W $40,000 Up North Title
Meyers Bradley D -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Powell Michael R $60,000
Previous Owner Werschay Frank W $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/05/2015 10/05/15 Sold $40,000 -- $109 / Sq Ft
08/14/2015 08/14/15 Pending -- -- --
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
2023 $2,668 $284,600 $87,800 $196,800
2022 $2,672 $270,600 $87,800 $182,800
2021 $2,430 $241,100 $64,300 $176,800
2020 $2,148 $224,900 $64,300 $160,600
2019 $2,272 $199,600 $41,500 $158,100
2018 $578 $199,600 $41,500 $158,100
2017 $532 $95,200 $44,500 $50,700
2016 $498 $39,400 $31,100 $8,300
2015 $484 $35,600 $28,600 $7,000
2014 $490 $35,600 $28,600 $7,000
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2015

    Betty Culbert

    Culbert's Missabe Appraisal Service, Inc.

    Section Image

  • W

    Buyer's Agent in 2015

    Wavie Edwards

    Edwards & Associates Inc.

See All Agents

Map

Source: Range Association of REALTORS®

MLS Number: 127559

Range Association of REALTORS®

APN: 175001900050

Minnesota St Louis County Iron Junction 55751

4716 Majestic Lake Rd, Iron Junction, MN

This home is located at 4716 Majestic Lake Rd, Iron Junction, MN 55751 since 14 August 2015 and is currently estimated at $314,050, approximately $853 per square foot. This property was built in 1960. 4716 Majestic Lake Rd is a home located in St. Louis County with nearby schools including Merritt Elementary School and Mountain Iron-Buhl Secondary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Range Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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