NOT LISTED FOR SALE

504 E Highway 61 Unit guest house included Grand Marais, MN 55604

Estimated Value: $616,000 - $853,000

3 Beds
3 Baths
1,276 Sq Ft
$572/Sq Ft Est. Value

Last Sold September 26, 2019

Last sale price $350,000 $274 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $4,676/month

138 Days on Market

Highlights

  • Private Waterfront
  • Traditional Architecture
  • 4 Car Garage
  • Heated Floors
  • Main Floor Primary Bedroom
  • Bathroom on Main Level

About This Home

As of September 2019

Certainly a rare find! A Lake Superior property that is walking distance to downtown Grand Marais. There is a main home with a detached 2+ car garage as well as a newer one bedroom guest home complete with a heated 2+ car garage. All of this on 110' of a supreme stretch of a pebble beach shoreline. Quite a unique set up in its own right! Both have city water and sewer, broadband has been installed and both homes have their own certain charm. The views are, as one would assume, absolutely incredible and the property is pretty easy to maintain. Thank you for your interest!

Last Agent to Sell the Property

Linda Garrity

Songbird Realty MN Listed on: 03/12/2019

Last Buyer's Agent

John Oberholtzer

TimberWolff Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,796

Year Built

  • Built in 1949

Lot Details

  • 1.25 Acre Lot
  • Lot Dimensions are 110 x 396
  • Private Waterfront
  • 124 Feet of Waterfront
  • Lake Front

Parking

  • 4 Car Garage

Home Design

  • Traditional Architecture
  • Concrete Foundation
  • Slab Foundation
  • Wood Frame Construction
  • Wood Siding

Interior Spaces

  • 1,276 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Heated Floors
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

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

Utilities

  • Forced Air Heating System
  • Heating System Uses Wood

Listing and Financial Details

  • Assessor Parcel Number 80-021-1385

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,796

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: Hwy. 61 to 504 E. Hwy. 61 (first driveway to the east of the Subway). Turn in and veer left. Park at the top and walk down or drive in and use the turn-around in front of the guest home please.
  • L O1 Office Phone1 Number: 218-387-9599
  • List Price/ Sq Ft: 274.29
  • Property Sub-Type: SF/Detached
  • Tax Year: 2018
  • Lot Description Waterfront: Yes
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1276
  • Garage Type: Attached, Detached
  • Heat: Forced Air, In Floor, Wood, Electric
  • Fireplaces: 1
  • RdBtwnWtrfrntAndHome: No
  • TotalBedrooms: 3
  • Year Built: 1949
  • Property Style: Traditional
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Material: Concrete Block
  • Basement Style: Full, Slab
  • Bathroom 1 Level: main
  • Level 2 Three Quarter Bathrooms: upper
  • Fireplace: Yes
  • Den Fireplace Type: Wood Burning
  • Bedroom Features:Main Floor Bedroom: Yes
  • Stories: 2 Story
  • Total Bathrooms: 3
  • Total Fin Square Footage: 1276

Exterior Features

  • Waterfront Access: Private
  • Water Frontage In Feet: 124
  • Waterfront Name: Lake Superior
  • Construction Status: Previously Owned
  • Exterior: Wood

Garage/Parking

  • Garage Capacity: 4

Utilities

  • Power Company: Arrowhead Electric, Grand Marais PUC
  • Sewer: City
  • Water: City

Schools

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

Lot Info

  • Geo Update Timestamp: 2019-03-12
  • Estimated Lot Dimensions: 110 x 396
  • Estimated Number of Acres: 1.25
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 80-021-1385
  • Waterfront Type: Lake Superior

Tax Info

  • Tax Amount: 3796

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2019
Closed on
Aug 22, 2019
Sold by
Howard William C
Bought by
Richard Shirley D and Clare Ah
Seller's Agent
Linda Garrity
Songbird Realty MN
Buyer's Agent
John Oberholtzer
TimberWolff Realty LLC
List Price
$350,000
Sold Price
$350,000
Total Days on Market
138
Current Estimated Value
$729,480

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$379,480
Avg. Annual Appreciation
13.70%

Purchase Details

Closed on
Jun 30, 2014
Bought by
Howard William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,600
Interest Rate
4.2%
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 Buyer Sale Price Title Company
Richard Shirley D $330,000 North Shore Title
Howard William $152,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Howard William $121,600
Closed Richard Shirley D $264,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/26/2019 09/26/19 Sold $350,000 0.0% $274 / Sq Ft
07/28/2019 07/28/19 Pending -- -- --
03/12/2019 03/12/19 For Sale $350,000 -- $274 / 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 $7,206 $725,500 $440,700 $284,800
2023 $68 $686,400 $423,800 $262,600
2022 $5,844 $584,500 $352,600 $231,900
2021 $5,706 $452,800 $248,500 $204,300
2020 $5,402 $451,100 $248,500 $202,600
2019 $3,998 $450,700 $248,500 $202,200
2018 $3,796 $323,800 $184,100 $139,700
2017 $3,624 $318,209 $180,328 $137,881
2016 $3,220 $313,500 $175,100 $138,400
2015 $2,466 $317,700 $175,300 $142,400
2014 $2,420 $265,300 $171,700 $93,600
2012 -- $263,700 $137,600 $126,100
Source: Public Records

Agents Affiliated with this Home

  • Linda Garrity

    Seller's Agent in 2019

    Linda Garrity

    Songbird Realty MN

    (218) 370-8313

    141 Total Sales

    Linda Garrity
    Section Image

  • J

    Buyer's Agent in 2019

    John Oberholtzer

    TimberWolff Realty LLC

    (218) 370-0236

    132 Total Sales

    John Oberholtzer
    Section Image
See All Agents

Map

Source: Lake Superior Area REALTORS®

MLS Number: 6081150

APN: 80-021-1385

Minnesota Cook County Grand Marais 55604

504 E Highway 61 Unit guest house included, Grand Marais, MN

This home is located at 504 E Highway 61 Unit guest house included, Grand Marais, MN 55604 since 12 March 2019 and is currently estimated at $729,480, approximately $571 per square foot. This property was built in 1949. 504 E Highway 61 Unit guest house included 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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