NOT LISTED FOR SALE

5277 E Lakeview Dr Silver Bay, MN 55614

Estimated Value: $772,000 - $892,316

3 Beds
2 Baths
1,641 Sq Ft
$503/Sq Ft Est. Value

Last Sold February 01, 2024

Last sale price $855,000 $521 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $4,873/month

61 Days on Market

Highlights

  • Private Waterfront
  • Ranch Style House
  • No HOA
  • Beach Access
  • Mud Room
  • Den

About This Home

As of February 2024

Spectacular & Special! A Rare Opportunity to Live on the North Shore or to use this adorable 3+ bedroom, 2 bath Ranch as your North Shore Cabin! Nestled on your own little slice of Lake Superior Paradise, this home is simple, yet, pretty with an absolutely fabulous 430+ft of accessible Lake Superior Shoreline! Walk your own peninsula sitting on the blue waters....meander on your trail winding you through 2.7 acres of trees & privacy on your lot...sit by your fire pit overlooking the lake...or.... walk down to one of the 2 coves where your private beach area sits! A stairway was constructed which makes it easier to get to the cove & the "historic" boathouse dating back to when there was commercial fishing on this land! Enjoy the sunrise, sunset & expansive open water views from so many angles! The varied landscape has it all! This cute ranch home has been well maintained through the years! Walk into a 1960's vintage ranch with a remodeled kitchen as your highlight! Granite Counters, tiled backsplash, breakfast bar and custom cabinetry are yours, with enough room for everyone to move about! Hardwood floors grace the main level with a semi open floor plan for gathering! The dining room floods with all day light and has sliding doors to the south facing deck and leads immediately into a comfortable living room with wood burning fireplace & deck access! 3 bedrooms with a 3/4 bath share the main level with a cabin- like warmth for family and friends! The Walk Out lower level provides fantastic overflow space with a generous sized bunk room and a mudroom entry! The 3/4 bath on this level is even more convenient! Don't forget the 2-car garage for northern Minnesota storage....4 wheelers, snowblowers, gardening tools, an extra car...place it all here! Access in Silver Bay doesn't disappoint! Access minutes away... to trail systems like the Bean & Bear loop - one of the most spectacular sections of hiking, Tettegouche State Park camping & hiking, Gooseberry Falls, Black Beach, and so much more. Experience the fun ropes course in town and access to pristine trail systems, alpine ski at Lutsen Mountain or cross-country ski, all within minutes! Take in nature and all the North Shore has to offer! Make this your family heirloom for years to come! Invest in the North Shore of Stunning Northern Minnesota!

Last Agent to Sell the Property

Deanna Bennett

Messina & Associates Real Estate Listed on: 10/17/2023

Last Buyer's Agent

Molly O'Neill

Lutsen Real Estate Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,704

Year Built

  • Built in 1960

Lot Details

  • 2.7 Acre Lot
  • Private Waterfront
  • 430 Feet of Waterfront
  • Lake Front

Parking

  • 2 Car Detached Garage

Home Design

  • Ranch Style House
  • Concrete Foundation
  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • Wood Burning Fireplace
  • Mud Room
  • Entryway
  • Living Room
  • Dining Room
  • Den
  • Lower Floor Utility Room
  • Storage Room

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Bedroom in Basement
  • Finished Basement Bathroom

Outdoor Features

  • Beach Access

Utilities

  • Forced Air Heating System
  • Heating System Uses Oil
  • Private Water Source
  • Private Sewer

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 26-5607-28550

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,704

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: MN-61 N, right onto E Lakeview Dr, Destination will be on the left
  • L O1 Office Phone1 Number: 218-728-4436
  • List Price/ Sq Ft: 521.02
  • ShorelineCharacteristics: Shore-Accessible
  • Property Sub-Type: SF/Detached
  • Tax Year: 2023
  • Lot Description Waterfront: Yes
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1056
  • Below Grade Finished Sq Ft: 585
  • Garage Type: Detached
  • Heat: Forced Air, Oil
  • Fireplaces: 1
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Asphalt Shingles
  • Room 10: Laundry Room
  • Room 11: Storage Room
  • Bedroom 3: Dining Room
  • TotalBedrooms: 3
  • Year Built: 1960
  • Level 1 Bedroom: Main
  • RoomLevel10: Lower
  • RoomLevel11: Lower
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • RoomLevel6: Main
  • RoomLevel7: Main
  • RoomLevel8: Lower
  • RoomLevel9: Lower
  • Property Style: Ranch/Rambler
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 2
  • Basement Features: Finished, Walkout, Bath, Bedrooms, Utility Room, Washer Hook-Ups, Dryer Hook-Ups
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Bathroom Description: 3/4 Basement, 3/4 Main Floor
  • Formal Dining: Breakfast Bar, Eat-In Kitchen
  • Fireplace: Yes
  • Den Fireplace Type: Wood Burning
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Entry
  • Bathroom 2: Kitchen
  • Main Residence Features:Family Room4: Living Room
  • Bedroom 5: Bedroom
  • Stories: 1 Story
  • Room 6: Bedroom
  • Room 7: Bedroom
  • Room 8: Mud Room
  • Room 9: Den/Office
  • Total Bathrooms: 2
  • Total Fin Square Footage: 1641
  • Exercise Room Level2: Main

Exterior Features

  • Waterfront Access: Private
  • Water Frontage In Feet: 430
  • Waterfront Name: Lake Superior
  • Construction Status: Previously Owned
  • Exterior: Other

Garage/Parking

  • Garage Capacity: 2

Utilities

  • Power Company: Coop Power & Light
  • Sewer: Private
  • Water: Private

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Lake Superior #381
  • Junior High Dist: Lake Superior #381

Lot Info

  • Geo Update Timestamp: 2023-10-17
  • Estimated Lot Dimensions: irreg..
  • Estimated Number of Acres: 2.7
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 26-5607-28550
  • Waterfront Type: Lake Superior

Tax Info

  • Tax Amount: 3704

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2023
Closed on
Feb 1, 2024
Sold by
Gardner Loren and Gardner Annetta
Bought by
Quiraing 2021 Trust A
Seller's Agent
Deanna Bennett
Messina & Associates Real Estate
Buyer's Agent
Molly O'Neill
Lutsen Real Estate Group
List Price
$855,000
Sold Price
$855,000
Current Estimated Value
$825,329

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$29,671
Avg. Annual Appreciation
-3.04%
Source: Public Records

Range of Values:

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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
Quiraing 2021 Trust A $855,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2024 02/01/24 Sold $855,000 0.0% $521 / Sq Ft
12/17/2023 12/17/23 Pending -- -- --
10/17/2023 10/17/23 For Sale $855,000 -- $521 / 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
2025 $4,934 $717,100 $521,800 $195,300
2024 $2,705 $729,000 $521,800 $207,200
2023 $2,383 $622,600 $456,300 $166,300
2022 $4,141 $516,900 $383,500 $133,400
2021 $3,884 $460,200 $350,700 $109,500
2020 $4,135 $423,800 $343,400 $80,400
2019 $4,510 $460,800 $379,000 $81,800
2018 $4,598 $460,800 $379,000 $81,800
2017 $4,482 $462,300 $379,000 $83,300
2016 $4,549 $462,500 $379,000 $83,500
2015 $4,559 $463,900 $379,000 $84,900
2014 $4,559 $0 $0 $0
2013 $4,633 $0 $0 $0
2012 $4,728 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6111098

APN: 26-5607-28550