NOT LISTED FOR SALE

51305 Edgewater Rd Spring Lake, MN 56680

Estimated Value: $445,000 - $511,000

3 Beds
3 Baths
3,280 Sq Ft
$147/Sq Ft Est. Value

Sale Details

Date Sold: October 29, 2024

Last sale price $425,000 $130 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $2,937 / mo

51 Days on Market

Highlights

  • 223 Feet of Waterfront
  • Family Room with Fireplace
  • No HOA
  • Second Kitchen
  • Sun or Florida Room
  • Wrap Around Porch

About This Home

As of October 2024

Fabulous year-round home on Sand Lake with great island views. The main floor offers a second bedroom with 3/4 bath, Vaulted ceilings, large wood burning brick fireplace, large windows, sunroom, living/dining area as well as a large wrap around deck for lake viewing. The upstairs level has the first bedroom with 2 walk in closets, a full bath, vaulted ceilings and is partially open with the large living room window views. The downstairs offers a walk out basement, mini kitchen, 3rd bedroom, full bath, wood burning fireplace and tongue and groove throughout. The property adjoins public land, has a 3 car detached garage with power, steps to the pristine waters edge, fiber optics, also there are mature, towering Maple Trees. Enjoy the island views from the wrap around deck of your lake home!

Last Agent to Sell the Property

DAVID RITTER,BROKER

MN LAKESHORE PROPERTIES/MN UP NORTH REALTY Listed on: 07/01/2024

Last Buyer's Agent

DAVID RITTER,BROKER

MN LAKESHORE PROPERTIES/MN UP NORTH REALTY Listed on: 07/01/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,953

Year Built

  • Built in 1995

Lot Details

  • 7.1 Acre Lot
  • Lot Dimensions are 1400x225x1447x223
  • 223 Feet of Waterfront
  • Lake Front
  • Many Trees

Parking

  • 3 Car Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Wood Burning Fireplace
  • Brick Fireplace
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room with Fireplace
  • Dining Room
  • Sun or Florida Room
  • Utility Room
  • Dryer

Kitchen

  • Second Kitchen
  • Cooktop
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Finished Basement

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

Outdoor Features

  • Wrap Around Porch

Utilities

  • No Cooling
  • Forced Air Heating System
  • 200+ Amp Service
  • Private Water Source
  • Fuel Tank

Community Details

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

Listing and Financial Details

  • Assessor Parcel Number 350213103

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,953

Year Built

Built in 1995

Lot Details

7.1 Acres

Parking

3

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: None
  • Garage Spaces: 3
  • Accessibility Features: None
  • Fireplaces: 2
  • Water Source: Private
  • Year Built: 1995
  • Above Grade Finished Sq Ft: 1850
  • Water Body Name: Sand Lake (31082600)
  • Unit Levels: More Than 2 Stories
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: Fiber Optic
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Finished, Full, Walkout
  • Appliances: Cooktop, Dishwasher, Dryer, Fuel Tank - Rented, Microwave, Range, Refrigerator
  • Fireplace Features: Brick, Family Room, Living Room, Wood Burning
  • Living Area: 3280
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 1430
  • Basement YN: Yes
  • Dining Room Type: Kitchen, Dining Room, Living Room, Sun Room, Bedroom 2, Bedroom 1, Family Room, Kitchen- 2nd, Bedroom 3, Utility Room

Beds/Baths

  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Three Quarter Bathrooms: 1

Exterior Features

  • Roof: Asphalt
  • Other Structures: Additional Garage
  • PatioPorchType: Wrap Around
  • Lake Bottom: Excellent Sand
  • LakeChain: N
  • Elevation Highpoint to Waterfront Feet: 10-15
  • Waterfront Frontage: 223

Garage/Parking

  • Parking Features: Detached

Utilities

  • Heating: Forced Air, Fireplace(s)
  • Sewer: Private Sewer
  • Electric: 200+ Amp Service
  • Fuel: Propane,Wood
  • Power Company: Northern Itasca Electric

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Ceiling Fan(s),Deck,Dock,Kitchen Center Island,Primary Bedroom Walk-In Closet,Natural Woodwork,Patio,Porch,Sun Room,Vaulted Ceiling(s)

Schools

  • Junior High Dist: Deer River
  • SchoolDistrictPhone: 218-246-2420

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: 1400x225x1447x223
  • Lot Size Sq Ft: 309276
  • Land Lease: No
  • Lot Features: Property Adjoins Public Land, Many Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: Yes
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 350213103
  • Tax Annual Amount: 3953
  • TaxWithAssessments: 3998.0000

Multi Family

  • WaterfrontFeatures: Lake Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2024
Closed on
Oct 28, 2024
Sold by
Mcgibbon Kathleen F
Bought by
Bibus Douglas Michael and Bibus Sherry Kay
Seller's Agent
DAVID RITTER,BROKER
MN LAKESHORE PROPERTIES/MN UP NORTH REALTY
Buyer's Agent
DAVID RITTER,BROKER
MN LAKESHORE PROPERTIES/MN UP NORTH REALTY
List Price
$499,900
Sold Price
$425,000
Premium/Discount to List
-$74,900
-14.98%
Views
25
Current Estimated Value
$492,574

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,574
Avg. Annual Appreciation
8.57%
Original Mortgage
$340,000
Outstanding Balance
$306,446
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$175,529

Purchase Details

Listed on
Jul 1, 2024
Closed on
Oct 24, 2024
Sold by
Mcgibbon Kathleen
Bought by
Bibus Douglas and Bibus Sherry
Seller's Agent
DAVID RITTER,BROKER
MN LAKESHORE PROPERTIES/MN UP NORTH REALTY
Buyer's Agent
DAVID RITTER,BROKER
MN LAKESHORE PROPERTIES/MN UP NORTH REALTY
List Price
$499,900
Sold Price
$425,000
Premium/Discount to List
-$74,900
-14.98%
Views
25

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Outstanding Balance
$306,446
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$175,529
Source: Public Records

Range of Values:

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

Date Buyer Sale Price Title Company
Bibus Douglas Michael $425,000 First American Title
Bibus Douglas $425,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bibus Douglas Michael $340,000
Closed Bibus Douglas $340,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/29/2024 10/29/24 Sold $425,000 -11.4% $130 / Sq Ft
08/22/2024 08/22/24 Pending -- -- --
07/12/2024 07/12/24 Price Changed $479,900 -4.0% $146 / Sq Ft
07/01/2024 07/01/24 For Sale $499,900 -- $152 / Sq Ft
Source: NorthstarMLS

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 $3,694 $506,300 $181,300 $325,000
2023 $3,694 $506,300 $181,300 $325,000
2022 $3,998 $483,500 $158,500 $325,000
2021 $3,216 $376,700 $151,700 $225,000
2020 $3,106 $317,400 $116,100 $201,300
2019 $2,712 $293,700 $116,100 $177,600
2018 $3,022 $272,900 $109,500 $163,400
2017 $2,692 $0 $0 $0
2016 $2,956 $0 $0 $0
2015 $2,704 $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2024

    DAVID RITTER,BROKER

    MN LAKESHORE PROPERTIES/MN UP NORTH REALTY

    (218) 360-1200

    69 Total Sales

    DAVID RITTER,BROKER
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Map

Source: NorthstarMLS

MLS Number: 6562618

NorthstarMLS

APN: 35-021-3103

Minnesota Itasca County Spring Lake 56636

51305 Edgewater Rd, Spring Lake, MN

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.

NorthstarMLS All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of NorthstarMLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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