$315,000
SOLD DEC 15, 2023

500 W 5th St Grand Marais, MN 55604

3 Beds
1 Bath
988 Sq Ft
0.31 Acres

Recently Sold

$319 Per Sq Ft

107 Days on Market

Highlights

  • Deck
  • No HOA
  • 2 Car Attached Garage
  • Main Floor Primary Bedroom
  • Lower Floor Utility Room
  • 4-minute walk to North Shore Skate Park

About This Home

As of December 2023

Great location for a home or investment property! Duplex potential for rental income. Close to everything Grand Marais has to offer. Well built 2 bedroom, 1 bath, split-entry home ready for your special touches! Add flooring and some final details to complete this home. On a County maintained road near hospital, schools, and the Gunflint Trail. Huge back yard for a future garden, yard games, and fun. Unfinished walk-out basement with laundry, third bedroom (non-conforming currently) in the lower level. Bathroom work in the basement has begun, just finish it up. Large walk-out room in basement ready for your ideas: second kitchen, game room?

Last Agent to Sell the Property

Julie J. Carlson

Coldwell Banker North Shore Listed on: 07/28/2023

Last Buyer's Agent

Lisa Michalski

Edina Realty, Inc. - Duluth

Edina Realty, Inc. - Duluth

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,346

Year Built

  • Built in 2006

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 86 x 154
  • Property fronts a county road
  • Level Lot

Home Design

  • Split Foyer
  • Bi-Level Home
  • Concrete Foundation
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 988 Sq Ft Home
  • Living Room
  • Combination Kitchen and Dining Room
  • Lower Floor Utility Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Bathroom on Main Level
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 2 Car Attached Garage
  • Gravel Driveway
  • Off-Street Parking

Outdoor Features

  • Deck

Utilities

  • No Cooling
  • Heating System Uses Propane

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 80-302-0230

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,346

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Highwy 61 in Grand Marais, north on 8th Ave. West to 5th St. Right on 5th St. to property.
  • L O1 Office Phone1 Number: 218-387-2131
  • List Price/ Sq Ft: 318.83
  • Property Sub-Type: SF/Detached
  • Tax Year: 2022
  • Twp Number: 61
  • Lot Description Waterfront: No
  • Air Conditioner: None
  • Reso Association Amenities: Dryer Hook-Ups, Washer Hook-Ups
  • Amenities Exterior: Deck
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 988
  • Garage Type: Attached
  • Heat: Propane
  • MainFloorBath: Yes
  • Reso Roof: Asphalt Shingles
  • Room 10: Other
  • Bedroom 3: Kitchen
  • TotalBedrooms: 3
  • Year Built: 2006
  • Level 1 Bedroom: Main
  • RoomLevel10: Lower
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • RoomLevel6: Main
  • RoomLevel7: Lower
  • RoomLevel8: Lower
  • RoomLevel9: Lower
  • Property Style: Split Entry/Foyer
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Features: Unfinished, Walkout, Utility Room, Washer Hook-Ups, Dryer Hook-Ups
  • Basement Material: Concrete Block
  • Estimated Basement Sq Ft: 988
  • Basement Style: Full
  • Bathroom Description: Full Main Floor
  • Formal Dining: Combine with Kitchen
  • Fireplace: No
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Dining Room
  • Main Residence Features:Family Room4: Bedroom
  • Bedroom 5: Bedroom
  • Stories: Bi-Level Split
  • Room 6: Bathroom
  • Room 7: Laundry Room
  • Room 8: Bedroom
  • Room 9: Other
  • Total Bathrooms: 1
  • Total Fin Square Footage: 988
  • Exercise Room Level2: Main

Exterior Features

  • Road Frontage: County
  • Construction Status: Previously Owned
  • Exterior: Vinyl

Garage/Parking

  • Parking Driveway: Driveway - Gravel, Off Street
  • Garage Features: Slab
  • Garage Capacity: 2

Utilities

  • Power Company: Grand Marais PUC
  • Sewer: City
  • Water: City

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Cook County #166
  • Junior High Dist: Cook County #166

Lot Info

  • Geo Update Timestamp: 2023-07-28
  • Estimated Lot Dimensions: 86 x 154
  • Estimated Number of Acres: 0.31
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Level
  • Parcel Number: 80-302-0230

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 2346

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 30, 2023
Sold by
Corwin Scott
Bought by
Bains Satinder and Bains Sarbjit

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Outstanding Balance
$219,577
Interest Rate
6.27%
Mortgage Type
New Conventional
Estimated Equity
$243,596
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $290,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $225,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2025 06/25/25 Price Changed $469,000 -4.7% $254 / Sq Ft
05/09/2025 05/09/25 For Sale $492,000 +56.2% $266 / Sq Ft
12/15/2023 12/15/23 Sold $315,000 0.0% $319 / Sq Ft
11/12/2023 11/12/23 Pending -- -- --
07/28/2023 07/28/23 For Sale $315,000 -- $319 / 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 $3,202 $346,100 $98,100 $248,000
2023 $26 $304,148 $81,572 $222,576
2022 $18 $267,415 $72,140 $195,275
2021 $1,712 $159,287 $54,156 $105,131
2020 $1,710 $156,562 $53,978 $102,584
2019 $1,720 $156,562 $53,978 $102,584
2018 $1,628 $168,300 $57,100 $111,200
2017 $1,418 $147,515 $49,694 $97,821
2016 $1,226 $134,800 $38,800 $96,000
2015 $1,136 $136,100 $38,900 $97,200
2014 $1,184 $136,100 $38,900 $97,200
2012 -- $142,400 $33,000 $109,400
Source: Public Records

Agents Affiliated with this Home

  • Lisa Michalski

    Seller's Agent in 2025

    Lisa Michalski

    Edina Realty, Inc. - Duluth

    (218) 220-9453

    173 Total Sales

    Lisa Michalski
    Section Image

  • J

    Seller's Agent in 2023

    Julie J. Carlson

    Coldwell Banker North Shore

    (218) 370-8068

    106 Total Sales

    Julie J. Carlson
    Section Image
See All Agents

Map

Source: Lake Superior Area REALTORS®

MLS Number: 6109678

APN: 80-302-0230

Minnesota Cook County Grand Marais 55604

500 W 5th St, Grand Marais, MN

This home is located at 500 W 5th St, Grand Marais, MN 55604 and is currently priced at $315,000, approximately $318 per square foot. This property was built in 2006. 500 W 5th St is a home located in Cook County with nearby schools including Sawtooth Mountain Elementary School, Cook County Middle School, and Cook County Senior High 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.

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