NOT LISTED FOR SALE

4893 Lakeway Dr Duluth, MN 55811

Estimated Value: $943,000 - $995,000

4 Beds
4 Baths
4,443 Sq Ft
$218/Sq Ft Est. Value

Last Sold October 04, 2024

Last sale price $905,000 $204 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $5,837/month

51 Days on Market

Highlights

  • Private Waterfront
  • Heated Floors
  • Main Floor Primary Bedroom
  • Proctor Senior High School Rated 9+
  • Recreation Room
  • Whirlpool Bathtub

About This Home

As of October 2024

Welcome home to 4893 Lakeway Drive. This 4 bedroom, 4 bathroom home offers one of the most private lots that Pike Lake has to offer. This lake home features 104 feet of water frontage, mature trees for privacy, a driveway all the way to the lake for a boat launch, a yard that offers a lot of room for entertaining and a golf course to the East. Once inside this home, you will appreciate this nicely updated kitchen that offers plenty of space, cupboards and newer appliances. The dining room, which is conveniently located right off the kitchen has an open concept that centers the kitchen and living room. Once, in the living room, you will appreciate the tall vaulted ceiling, endless views of the lake and the cozy gas fireplace. This main floor is finished off with a generous sized primary bedroom, that features views of the lake, a fireplace and ensuite bathroom and walking closet. The upper floor features 2 spacious bedrooms and a full bathroom. The lower level is the epitome of entertaining as this offers a spacious living room with a bar and and doors that leads to the oversized deck that overlooks the backyard and lake. This lower level features the 4th bedroom, an additional living space and a recreation room that makes for a great gym or home office. This property offers it all, including a 2 stall attached and a 2 stall detached garage for all your storage needs, be sure to check this lake home out.

Last Agent to Sell the Property

Benjamin Funke

RE/MAX Results Listed on: 07/11/2024

RE/MAX Results

Last Buyer's Agent

Benjamin Funke

RE/MAX Results Listed on: 07/11/2024

RE/MAX Results

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,122

Year Built

  • Built in 1978

Lot Details

  • 1.25 Acre Lot
  • Lot Dimensions are 104x540
  • Private Waterfront
  • 104 Feet of Waterfront
  • Lake Front

Home Design

  • Concrete Foundation
  • Wood Frame Construction
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • 3 Fireplaces
  • Living Room
  • Dining Room
  • Recreation Room
  • Sun or Florida Room
  • Heated Floors

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Bathroom on Main Level
  • Whirlpool Bathtub
  • Bathtub With Separate Shower Stall

Basement

  • Partial Basement
  • Bedroom in Basement

Parking

  • 4 Car Garage
  • Heated Garage
  • Insulated Garage

Utilities

  • Forced Air Heating System
  • Heating System Uses Propane
  • Drilled Well

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 280-0030-00042

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,122

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: N or Hwy 53, R on Midway, quick Left on Old Miller Trunk Hwy, R on Daniels, R on Lakeway, L on private portion of Lakeway, stay to the R at the Y, house at the very end of dead end next to golf course
  • L O1 Office Phone1 Number: 218-722-2810
  • Planned Unit Development: No
  • PropAdjoinsPublicLand: No
  • Remodeled Addition: Yes
  • Property Sub-Type: SF/Detached
  • Tax Year: 2024
  • Lot Description Waterfront: Yes
  • Half Bathrooms: 2
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 2768
  • Below Grade Finished Sq Ft: 1675
  • Garage Type: Attached, Detached
  • Heat: Fireplace, Forced Air, In Floor, Propane, Electric
  • Fireplaces: 3
  • MainFloorBath: Yes
  • New Development: No
  • RdBtwnWtrfrntAndHome: No
  • Room 10: Bathroom
  • Room 11: Bedroom
  • Room 12: Bathroom
  • Bedroom 3: Living Room
  • TotalBedrooms: 4
  • Year Built: 1978
  • Level 1 Bedroom: Main
  • RoomLevel10: Second Floor
  • RoomLevel11: Second Floor
  • RoomLevel12: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • RoomLevel6: Main
  • RoomLevel7: Basement
  • RoomLevel8: Basement
  • RoomLevel9: Second Floor
  • Property Style: Multi-level
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Material: Concrete Block
  • Basement Style: Partial
  • Bathroom Description: Full Master, Private Master, Separate Tub & Shower, Whirlpool
  • Fireplace: Yes
  • Den Fireplace Type: Multiple - See Remarks
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Kitchen
  • Bathroom 2: Sunroom/Solarium
  • Main Residence Features:Family Room4: Sunroom/Solarium
  • Bedroom 5: Dining Room
  • Stories: 2 Story
  • Room 6: Primary Bedroom
  • Room 7: Rec Room
  • Room 8: Bedroom
  • Room 9: Bedroom
  • Total Bathrooms: 4
  • Total Fin Square Footage: 4443
  • Exercise Room Level2: Main

Exterior Features

  • Waterfront Access: Private
  • Water Frontage In Feet: 104
  • Waterfront Name: Pike
  • Construction Status: Previously Owned
  • Exterior: Wood

Garage/Parking

  • Garage Features: Electrical Service, Heat, Insulation
  • Garage Capacity: 4
  • ParkingFeaturesGarageDimensions: 22x24 and 26x24

Utilities

  • Power Company: Lake Country Power
  • Sewer: City
  • Water: Drilled

Condo/Co-op/Association

  • Association Fee: No

Schools

  • Junior High Dist: Proctor #704

Lot Info

  • Estimated Lot Dimensions: 104x540
  • Estimated Number of Acres: 1.25
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 280-0030-00042
  • Waterfront Type: Inland Lake

Tax Info

  • Tax Amount: 8122

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2024
Closed on
Oct 4, 2024
Sold by
Sheaffer William and Sheaffer Hannah
Bought by
Absher-Long Dennette
Seller's Agent
Benjamin Funke
RE/MAX Results
Buyer's Agent
Benjamin Funke
RE/MAX Results
List Price
$974,900
Sold Price
$905,000
Premium/Discount to List
-$69,900
-7.17%
Views
39
Current Estimated Value
$968,642

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,642
Avg. Annual Appreciation
6.56%
Original Mortgage
$724,000
Outstanding Balance
$682,384
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$286,258

Purchase Details

Listed on
Mar 10, 2022
Closed on
Jun 13, 2022
Sold by
Erickson and Katie
Bought by
Sheaffer Hannah and Sheaffer William
Seller's Agent
Steve Braman
RE/MAX Results
Buyer's Agent
Brian Rud
Messina & Associates Real Estate
List Price
$825,000
Sold Price
$825,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.09%
Original Mortgage
$825,000
Interest Rate
4.52%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 3, 2019
Closed on
Sep 20, 2019
Sold by
Linde Ivars A and Linde Stephanie
Bought by
Erickson Luke and Erickson Katie
Seller's Agent
stephanie Linde
Real Estate Consultants
Buyer's Agent
stephanie Linde
Real Estate Consultants
List Price
$560,000
Sold Price
$560,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.25%
Original Mortgage
$541,087
Interest Rate
3.6%
Mortgage Type
VA

Purchase Details

Listed on
May 5, 2014
Closed on
Oct 22, 2014
Sold by
Larson Steven J and Robbins Tammy M
Bought by
Linde Ivars A and Linde Stephanie A
Seller's Agent
Frank Messina
Real Living Messina & Associates
Buyer's Agent
Stephanie Linde
Real Estate Consultants
List Price
$519,900
Sold Price
$460,000
Premium/Discount to List
-$59,900
-11.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.09%
Original Mortgage
$368,000
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 30, 2007
Sold by
Linde Ivars A and Linde Stephanie A
Bought by
Larson Steven J and Robbins Tammy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,250
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 22, 2005
Sold by
Cannon Michael J and Cannon Judy S
Bought by
Linde Ivars A and Linde Stephanie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
6.34%
Mortgage Type
Fannie Mae Freddie Mac
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
Absher-Long Dennette $905,000 First American Title
Sheaffer Hannah $825,000 Northshore Title
Erickson Luke $560,000 North Shore Title Llc
Linde Ivars A $460,000 Stewart Title
Larson Steven J $495,000 Rels
Linde Ivars A $450,000 Rels
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Absher-Long Dennette $724,000
Previous Owner Sheaffer Hannah $825,000
Previous Owner Erickson Luke $543,500
Previous Owner Erickson Luke $541,087
Previous Owner Linde Ivars A $368,000
Previous Owner Larson Steven J $417,000
Previous Owner Larson Steven J $25,000
Previous Owner Larson Steven J $470,250
Previous Owner Linde Ivars A $360,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/04/2024 10/04/24 Sold $905,000 -2.2% $204 / Sq Ft
08/05/2024 08/05/24 Price Changed $924,900 -2.6% $208 / Sq Ft
07/22/2024 07/22/24 Price Changed $949,900 -2.6% $214 / Sq Ft
07/11/2024 07/11/24 For Sale $974,900 +18.2% $219 / Sq Ft
06/13/2022 06/13/22 Sold $825,000 0.0% $178 / Sq Ft View Prior Sale
04/01/2022 04/01/22 Pending -- -- --
03/10/2022 03/10/22 For Sale $825,000 +47.3% $178 / Sq Ft
09/20/2019 09/20/19 Sold $560,000 0.0% $126 / Sq Ft View Prior Sale
08/09/2019 08/09/19 Pending -- -- --
06/03/2019 06/03/19 For Sale $560,000 +21.7% $126 / Sq Ft
10/24/2014 10/24/14 Sold $460,000 -11.5% $104 / Sq Ft View Prior Sale
09/12/2014 09/12/14 Pending -- -- --
05/05/2014 05/05/14 For Sale $519,900 +16671.0% $117 / Sq Ft
07/23/2013 07/23/13 Sold $3,100 -99.5% $1 / Sq Ft View Prior Sale
07/23/2013 07/23/13 Pending -- -- --
05/08/2013 05/08/13 For Sale $569,900 -- $130 / 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
2024 $9,208 $838,900 $267,100 $571,800
2023 $9,208 $737,800 $242,100 $495,700
2022 $8,122 $602,700 $224,800 $377,900
2021 $5,970 $508,600 $198,400 $310,200
2020 $6,120 $493,300 $183,100 $310,200
2019 $6,184 $494,900 $183,100 $311,800
2018 $6,262 $471,800 $183,100 $288,700
2017 $5,642 $463,700 $181,300 $282,400
2016 $5,682 $439,900 $176,600 $263,300
2015 $5,412 $439,900 $176,600 $263,300
2014 $5,412 $439,900 $176,600 $263,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6114832

APN: 280003000042