NOT LISTED FOR SALE

4976 Misty Bay Dr Duluth, MN 55803

Estimated Value: $870,000 - $1,350,000

4 Beds
4 Baths
4,251 Sq Ft
$274/Sq Ft Est. Value

Last Sold August 30, 2023

Last sale price $1,000,000 $235 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $7,139/month

9 Days on Market

Highlights

  • Private Waterfront
  • Docks
  • Deck
  • Hermantown Elementary School Rated A-
  • Spa
  • Main Floor Primary Bedroom

About This Home

As of August 2023

An extraordinary lifestyle awaits you on Island Lake. This custom built Mediterranean styled home was superbly designed to take in the lake views & sunsets from every room, both lakeside covered decks & the covered patio. The location is on PRIVATE land (no lease) 6+ acres, 320' of shoreline for tranquility & privacy. Situated on South Bay of the over 8000 acre Island Lake, the areas largest inland body of water. Upper level Master Bedroom & bath w/ views of lake & deck access. Upper Level 2nd En Suite bedroom w/ full bath, deck access. 3rd main floor bedroom w/ lake view & deck access. 4th lower bedroom/ flex space room. Granite counters in kitchen w/ views through a grand living room to the lake. Brazilian cherry wood flooring. Main floor Den / office. Lower level rec room walks out to patio & hot tub area. 3/4 Jungle bathroom on lower level. Convenient mudroom off attached heated garage. Don't miss out on the enormous finished heated detached garage w/ finished upper bonus room w/ AC & heat, so many options here. Endless amount of lake, boating, fishing , summer & winter recreation. Enjoy the variety of plants & landscaping from your covered front porch w/ imported Cantera Mexican stone pillars. Home is conveniently located w/ an easy drive to town. Life is short so let this Island Lake custom home & property make it more enjoyable! Hermantown school district. Century Link Fiber Optic.

Last Agent to Sell the Property

Mike Dodge

Sunrise Real Estate, LLC Listed on: 07/28/2023

Last Buyer's Agent

Trish Kroening

RE/MAX Results

RE/MAX Results

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,280

Year Built

  • Built in 2003

Lot Details

  • 6.2 Acre Lot
  • Private Waterfront
  • 320 Feet of Waterfront
  • Lake Front
  • Property fronts a private road

Home Design

  • Concrete Foundation
  • Wood Frame Construction
  • Concrete Roof
  • Stucco Exterior

Interior Spaces

  • 2-Story Property
  • Gas Fireplace
  • Mud Room
  • Entrance Foyer
  • Family Room
  • Living Room
  • Formal Dining Room
  • Den
  • Bonus Room
  • Lower Floor Utility Room
  • Storage Room
  • Utility Room
  • Fire Sprinkler System

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • 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

  • 7 Car Detached Garage
  • Tuck Under Garage

Eco-Friendly Details

  • Air Exchanger

Outdoor Features

  • Spa
  • Docks
  • Balcony
  • Deck
  • Patio
  • Rain Gutters

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Propane
  • Private Water Source
  • Gas Water Heater
  • Private Sewer
  • Fiber Optics Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 365-0145-00020

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,280

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: N on Lavaque Rd, E on Fish Lake RD, N on Fredenberg Lake RD, W on Misty Bay Dr. to address. Private road, no drive by w/out appointment.
  • InternetOptions: Fiber Optic
  • Waterfront Info Lake Maximum Depth: 94
  • L O1 Office Phone1 Number: 218-341-0645
  • Property Sub-Type: SF/Detached
  • Tax Year: 2023
  • Lot Description Waterfront: Yes
  • Air Conditioner: Central, Ductless Mini Split
  • Amenities Exterior: Balcony, Deck, Dock, Hot Tub, Patio, Gutter/Downspout
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 3435
  • Below Grade Finished Sq Ft: 816
  • Garage Type: Detached, Tuckunder
  • Heat: Forced Air, Propane
  • Fireplaces: 1
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Concrete/Cement
  • Room 10: Bedroom
  • Room 11: Mud Room
  • Room 12: Bonus Room
  • Bedroom 3: Dining Room
  • TotalBedrooms: 4
  • Year Built: 2003
  • Level 1 Bedroom: Main
  • RoomLevel10: Lower
  • RoomLevel11: Lower
  • RoomLevel12: Upper
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • RoomLevel6: Main
  • RoomLevel7: Upper
  • RoomLevel8: Upper
  • RoomLevel9: Lower
  • 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: Concrete Block
  • Basement Style: Full
  • Bathroom Description: 3/4 Basement, Full Master, Full Main Floor, Private Master, Full Upper
  • Formal Dining: Formal Dining Room
  • Extra Rooms: Pantry, Storage Room, Utility Room, Foyer
  • Fireplace: Yes
  • Den Fireplace Type: Gas
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Kitchen
  • Main Residence Features:Family Room4: Den/Office
  • Bedroom 5: Bedroom
  • Stories: 2 Story
  • Room 6: Bathroom
  • Room 7: Master Bedroom
  • Room 8: Bedroom
  • Room 9: Family Room
  • Total Bathrooms: 4
  • Total Fin Square Footage: 4251
  • Exercise Room Level2: Main

Exterior Features

  • LakeAcres: 8001
  • Road Frontage: Private
  • Waterfront Access: Private
  • Water Frontage In Feet: 320
  • Waterfront Name: Island
  • Construction Status: Previously Owned
  • Exterior: Stucco

Garage/Parking

  • Garage Capacity: 7

Utilities

  • Power Company: Minnesota Power
  • Sewer: Private
  • Water: Private

Condo/Co-op/Association

  • Association Fee: No
  • Association Fee Frequency: Yearly

Schools

  • Junior High Dist: Hermantown #700

Lot Info

  • Estimated Lot Dimensions: Irregular
  • Estimated Number of Acres: 6.2
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Accessible Shoreline
  • Parcel Number: 365-0145-00020
  • Waterfront Type: Inland Lake

Tax Info

  • Tax Amount: 13280

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2023
Closed on
Aug 30, 2023
Sold by
Walsh Chad R and Walsh Laura J
Bought by
Forcier Brian D
Seller's Agent
Mike Dodge
Sunrise Real Estate, LLC
Buyer's Agent
Trish Kroening
RE/MAX Results
List Price
$1,000,000
Sold Price
$1,000,000
Current Estimated Value
$1,165,579

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$165,579
Avg. Annual Appreciation
6.74%
Original Mortgage
$950,000
Outstanding Balance
$867,611
Interest Rate
6.11%
Mortgage Type
New Conventional
Estimated Equity
$297,968

Purchase Details

Listed on
May 5, 2021
Closed on
Jul 12, 2021
Sold by
Bacon Bruce E and Pekkala Bacon Lindsey
Bought by
Walsh Chad R and Walsh Laura J
Seller's Agent
Tommy Archer
Coldwell Banker Realty - Duluth
Buyer's Agent
Mike Dodge
Sunrise Real Estate, LLC
List Price
$895,000
Sold Price
$895,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.35%
Original Mortgage
$716,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 26, 2003
Sold by
Stewart David C and Stewart Marcella L
Bought by
Bacon Bruce E and Pekkala Bacon Lindsey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.76%

Purchase Details

Closed on
Aug 15, 2001
Sold by
Stewart David C and Stewart Marcella L
Bought by
Bacon Bruce E and Pekkala Bacon Lindsay

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,500
Interest Rate
8%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Forcier Brian D $1,000,000 First American Title
Walsh Chad R $895,000 North Shore Title
Bacon Bruce E -- --
Bacon Bruce E $151,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Forcier Brian D $950,000
Previous Owner Walsh Chad R $716,000
Previous Owner Bacon Bruce E $150,000
Previous Owner Bacon Bruce E $118,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/30/2023 08/30/23 Sold $1,000,000 0.0% $235 / Sq Ft
08/06/2023 08/06/23 Pending -- -- --
07/28/2023 07/28/23 For Sale $1,000,000 +11.7% $235 / Sq Ft
07/12/2021 07/12/21 Sold $895,000 0.0% $213 / Sq Ft View Prior Sale
05/24/2021 05/24/21 Pending -- -- --
05/05/2021 05/05/21 For Sale $895,000 -- $213 / 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 $12,604 $1,116,100 $221,800 $894,300
2023 $12,604 $1,070,300 $212,300 $858,000
2022 $11,628 $1,070,300 $212,300 $858,000
2021 $11,718 $858,700 $179,800 $678,900
2020 $12,238 $839,500 $158,900 $680,600
2019 $12,126 $839,500 $158,900 $680,600
2018 $10,410 $839,500 $158,900 $680,600
2017 $10,336 $748,500 $138,800 $609,700
2016 $9,700 $748,500 $138,800 $609,700
2015 $6,883 $568,000 $48,300 $519,700
2014 $6,883 $531,000 $96,000 $435,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6109685

APN: 365014500020