NOT LISTED FOR SALE

48198 State Highway 65 Nashwauk, MN 55769

Estimated Value: $90,000 - $140,219

1 Bed
1 Bath
417 Sq Ft
$278/Sq Ft Est. Value

Last Sold September 05, 2023

Last sale price $89,000 $213 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $701/month

30 Days on Market

Highlights

  • 220 Feet of Waterfront
  • Deck
  • Living Room
  • Beach Access
  • No HOA
  • Property is near a preserve or public land

About This Home

As of September 2023

Explore this practical 0.74-acre property, graced with approximately 200 feet of private O'Leary Lake shoreline. A 1-bed, 1-bath cabin, fitted with durable metal roof and siding, resides on the lot. A large deck provides outdoor space for relaxation. There is a compliant septic system, well, and electrical services, ensuring availability of essential utilities. A descent to the lakeshore is made easy with steps, and storage needs are covered with a shed and boathouse on the premises. Situated opposite a public forest with abundant ATV trails, this property combines convenience and outdoor adventure. Whether you wish to refurbish the cabin or build anew, this as-is property is a unique investment prospect being sold under appraised value. Interior photos coming this weekend!

Last Agent to Sell the Property

Bridger Hopkins

GRAND PROPERTIES REAL ESTATE Listed on: 07/21/2023

Last Buyer's Agent

Bridger Hopkins

GRAND PROPERTIES REAL ESTATE Listed on: 07/21/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $726

Year Built

  • Built in 1975

Lot Details

  • 0.74 Acre Lot
  • Lot Dimensions are 246x116x193x142
  • 220 Feet of Waterfront
  • Lake Front
  • Irregular Lot
  • Additional Parcels

Home Design

  • Pillar, Post or Pier Foundation
  • Unfinished Walls
  • Metal Roof

Interior Spaces

  • 1 Bedroom
  • 417 Sq Ft Home
  • 1-Story Property
  • Living Room

Outdoor Features

  • Beach Access
  • Deck

Utilities

  • Well
  • Septic System

Community Details

  • No Home Owners Association
  • Mechley Shores Subdivision
  • Property is near a preserve or public land

Listing and Financial Details

  • Assessor Parcel Number 524300020

Home Details

Home Type

Single Family

Est. Annual Taxes

$726

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: None
  • Accessibility Features: None
  • Water Source: Well
  • Year Built: 1975
  • Above Grade Finished Sq Ft: 417
  • Water Body Name: O'Leary
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Posts
  • Living Area: 417
  • Fireplace: No
  • Basement YN: No
  • Dining Room Type: Kitchen, Unfinished, Living Room, Bedroom 1

Beds/Baths

  • Total Bedrooms: 1

Exterior Features

  • Roof: Metal
  • View: East
  • Other Structures: Boat House, Storage Shed
  • PatioPorchType: Deck
  • Lake Acres: 139
  • Lake Bottom: Hard
  • LakeChain: N
  • Elevation Highpoint to Waterfront Feet: 15-26
  • Waterfront Frontage: 220

Garage/Parking

  • Parking Features: Asphalt

Utilities

  • Heating: None
  • Sewer: Private Sewer, Septic System Compliant - Yes
  • Electric: Circuit Breakers
  • Fuel: Electric

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Nashwauk-Keewatin
  • SchoolDistrictNumber: 319
  • SchoolDistrictPhone: 218-247-7306

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: 246x116x193x142
  • Lot Size Sq Ft: 32234.4
  • Land Lease: No
  • Lot Features: Accessible Shoreline, Irregular Lot, Property Adjoins Public Land
  • Additional Parcels Description: 524300010
  • Additional Parcels: Yes
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Seasonal

Building Info

  • Construction Materials: Aluminum Siding

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 524300020
  • Tax Annual Amount: 726
  • TaxWithAssessments: 756.0000

Multi Family

  • WaterfrontFeatures: Lake Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2023
Closed on
Sep 5, 2023
Sold by
Albrecht Julie and Albrecht Kurt
Bought by
Cowan Richard and Cowan Shane
Seller's Agent
Bridger Hopkins
GRAND PROPERTIES REAL ESTATE
Buyer's Agent
Bridger Hopkins
GRAND PROPERTIES REAL ESTATE
List Price
$105,000
Sold Price
$89,000
Premium/Discount to List
-$16,000
-15.24%
Views
116
Current Estimated Value
$115,805

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,805
Avg. Annual Appreciation
14.53%

Purchase Details

Listed on
Jun 14, 2022
Closed on
Jun 14, 2023
Sold by
Haverkamp Philip
Bought by
Sigfrinius Eric and Sigfrinius Steven
Seller's Agent
Tim Renskers
Village Realty
Buyer's Agent
Member Non
NON-MEMBER
List Price
$149,000
Sold Price
$90,000
Premium/Discount to List
-$59,000
-39.6%
Views
220

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.18%
Original Mortgage
$89,500
Interest Rate
6.39%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 23, 2004
Sold by
Dropps Elgene Alfred and Dropps Connie June
Bought by
Haverkamp Philip A
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
Cowan Richard $90,256 --
Albrecht Kurt $89,000 --
Cowan Richard $90,256 --
Albrecht Kurt $89,000 --
Sigfrinius Eric $90,000 --
Sigfrinius Eric $90,000 --
Haverkamp Philip A $89,900 None Available
Haverkamp Philip A $89,900 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sigfrinius Eric $89,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/05/2023 09/05/23 Sold $89,000 -6.3% $213 / Sq Ft
08/24/2023 08/24/23 Pending -- -- --
08/13/2023 08/13/23 Price Changed $95,000 -9.5% $228 / Sq Ft
07/24/2023 07/24/23 For Sale $105,000 +16.7% $252 / Sq Ft
06/20/2023 06/20/23 Sold $90,000 0.0% $210 / Sq Ft
06/15/2023 06/15/23 Off Market $90,000 -- --
11/09/2022 11/09/22 Price Changed $120,000 -11.0% $280 / Sq Ft
07/12/2022 07/12/22 Price Changed $134,900 -9.5% $315 / Sq Ft
06/14/2022 06/14/22 For Sale $149,000 -- $348 / Sq Ft
Source: NorthstarMLS

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
2024 $838 $74,700 $57,300 $17,400
2023 $838 $74,700 $57,300 $17,400
2022 $552 $73,600 $57,200 $16,400
2021 $554 $54,300 $44,600 $9,700
2020 $588 $54,300 $44,600 $9,700
2019 $590 $54,300 $44,600 $9,700
2018 $582 $54,300 $44,600 $9,700
2017 $592 $0 $0 $0
2016 $570 $0 $0 $0
2015 $536 $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6405588

NorthstarMLS

APN: 52-430-0020