NOT LISTED FOR SALE

5159 Vermilion Trail Gilbert, MN 55741

Estimated Value: $392,243 - $538,000

3 Beds
2 Baths
1,868 Sq Ft
$262/Sq Ft Est. Value

Last Sold April 05, 2024

Last sale price $517,436 $277 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $2,836/month

228 Days on Market

Highlights

  • 208 Feet of Waterfront
  • The kitchen features windows
  • Combination Kitchen and Dining Room
  • No HOA
  • 1-Story Property
  • Baseboard Heating

About This Home

As of April 2024

Dig Your Toes Into The SAND BEACH Or Relax On The Deck Or Screen Porch As The Sun Sinks Down Across Cedar Island Lake, a 204 acre lake, 20 ft deep, with no public access & offering excellent fishing, just 10 mi to Giants Ridge, 20 to Virginia. Yr rnd 1943 stone beachhouse w/2,218 SF, 3B/2B, 2 stall garage (ready to charge elec vehicle), wd fired cedar sauna, set on gradual 3 acres & 208 ft lakeshore. Livrm w/huge firepl , wood ceiling & lakeside window. Spacious kitch open to living, dining & lakeside sunrm. Main flr: 3 BR/ BA w/spa tub. Downstairs, rec rm, bath, workshop & laundry. Drilled well, cedar dock. Backup emergency generator. Century Link internet. Brand new septic system. Click link for 3D Tour!

Last Agent to Sell the Property

Lisa Janisch

Janisch Realty, Inc Listed on: 07/08/2023

Last Buyer's Agent

NON-RMLS NON-RMLS

Non-MLS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,863

Year Built

  • Built in 1943

Lot Details

  • 3 Acre Lot
  • Lot Dimensions are 711x208
  • 208 Feet of Waterfront
  • Lake Front
  • Irregular Lot
  • Additional Parcels

Parking

  • 2 Car Garage
  • Heated Garage
  • Insulated Garage
  • Garage Door Opener

Interior Spaces

  • 1-Story Property
  • Wood Burning Fireplace
  • Stone Fireplace
  • Family Room
  • Living Room with Fireplace
  • Combination Kitchen and Dining Room
  • Partially Finished Basement

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • The kitchen features windows

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Oil
  • 200+ Amp Service
  • Private Water Source

Community Details

  • No Home Owners Association
  • Vermilion Trail Park Town Of Biwabik Subdivision

Listing and Financial Details

  • Assessor Parcel Number 260006000460

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,863

Year Built

Built in 1943

Lot Details

0

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: None
  • Garage Spaces: 2
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: Private
  • Year Built: 1943
  • Above Grade Finished Sq Ft: 1214
  • Water Body Name: Cedar Island
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • FoundationDimensions: 52x34
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Block, Partially Finished
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Fireplace Features: Living Room, Stone, Wood Burning
  • Living Area: 1868
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 654
  • Basement YN: Yes
  • Dining Room Type: Living Room, Family Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Sun Room, Workshop

Beds/Baths

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

Exterior Features

  • Roof: Asphalt
  • Fencing: None
  • View: Lake, Panoramic, River, West
  • Other Structures: Sauna, Storage Shed
  • ConstructionMaterialsDesc: Frame
  • PatioPorchType: Covered,Deck,Porch,Screened
  • Lake Acres: 204
  • Lake Bottom: Sand
  • LakeChain: N
  • Elevation Highpoint to Waterfront Feet: 15-26
  • Waterfront Frontage: 208

Garage/Parking

  • Parking Features: Detached, Asphalt, Garage Door Opener, Heated Garage, Insulated Garage, Paved
  • Garage Square Feet: 480

Utilities

  • Heating: Baseboard, Dual, Fireplace(s), Hot Water
  • Sewer: Private Sewer
  • Electric: 200+ Amp Service
  • Fuel: Oil
  • Power Company: Minnesota Power

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Ceiling Fan(s),Deck,Hardwood Floors,Kitchen Window,Main Floor Primary Bedroom,Natural Woodwork,Porch,Panoramic View,Sauna,Sun Room,Tile Floors,Washer/Dryer Hookup

Schools

  • Junior High Dist: Mesabi East
  • SchoolDistrictNumber: 2711
  • SchoolDistrictPhone: 218-229-3321

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: 711x208
  • Lot Size Sq Ft: 130680
  • Land Lease: No
  • Lot Features: Irregular Lot, Many Trees
  • Additional Parcels Description: 260001400317
  • Additional Parcels: Yes
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Yes
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 260006000460
  • Tax Annual Amount: 2863
  • TaxWithAssessments: 2948.0000

Multi Family

  • WaterfrontFeatures: Lake Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2023
Closed on
Mar 7, 2024
Sold by
Windus David and Windus Debra
Bought by
Abeln Daniel and Abeln Jessica
Seller's Agent
Lisa Janisch
Janisch Realty, Inc
Buyer's Agent
NON-RMLS NON-RMLS
Non-MLS
List Price
$524,500
Sold Price
$517,436
Premium/Discount to List
-$7,064
-1.35%
Views
293
Current Estimated Value
$489,311

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$28,125
Avg. Annual Appreciation
-3.61%
Original Mortgage
$465,692
Outstanding Balance
$459,584
Interest Rate
7.87%
Mortgage Type
New Conventional
Estimated Equity
$29,727

Purchase Details

Closed on
Aug 18, 2003
Sold by
Gregorich Anton T and Nordby Gregorich Suzan
Bought by
Windus David and Windus Debra
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
Abeln Daniel $517,436 None Listed On Document
Windus David $285,000 Ati Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Abeln Daniel $465,692
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/05/2024 04/05/24 Sold $517,436 -5.8% $277 / Sq Ft
02/23/2024 02/23/24 Pending -- -- --
09/22/2023 09/22/23 Price Changed $549,500 +4.8% $294 / Sq Ft
09/22/2023 09/22/23 For Sale $524,500 0.0% $281 / Sq Ft
08/10/2023 08/10/23 Pending -- -- --
07/30/2023 07/30/23 For Sale $524,500 0.0% $281 / Sq Ft
07/20/2023 07/20/23 Pending -- -- --
07/10/2023 07/10/23 For Sale $524,500 -- $281 / Sq Ft
Source: NorthstarMLS

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
2023 $2,900 $228,300 $121,400 $106,900
2022 $3,404 $232,600 $121,400 $111,200
2021 $3,212 $232,600 $121,400 $111,200
2020 $3,210 $222,400 $121,400 $101,000
2019 $3,220 $216,600 $115,600 $101,000
2018 $3,290 $216,600 $115,600 $101,000
2017 $3,244 $216,600 $114,700 $101,900
2016 $3,164 $216,600 $114,700 $101,900
2015 $3,151 $216,600 $114,700 $101,900
2014 $3,151 $216,600 $114,700 $101,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6398933

NorthstarMLS

APN: 260006000460