NOT LISTED FOR SALE

5297 Vermilion Trail Gilbert, MN 55741

Estimated Value: $380,000 - $580,000

3 Beds
2 Baths
2,936 Sq Ft
$168/Sq Ft Est. Value

Sale Details

Date Sold: September 27, 2022

Last sale price $365,000 $124 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $2,967 / mo

271 Days on Market

Highlights

  • Deck
  • Patio
  • Wood Burning Fireplace
  • 2 Car Garage
  • Central Air

About This Home

As of September 2022

CEDAR ISLAND Lake/River front year around home nestled on 15 wooded acres with 1150' of frontage 3 miles from Biwabik & minutes to Giants Ridge Golf & Ski Resort Area. A Circle Drive leads to the 2936 sq ft home featuring a free standing wood burning fireplace in the living room/dining room area & door to waterfront deck. Original kitchen has many cabinets, DW, Fridge and Freezer currently used as a butler's pantry while entertaining. The 22x18 addition is used as a new kitchen/entertaining area with built in Aga wine fridge & utility fridge, center island w/deep sinks, work areas & storage cabinets, vaulted Ash ceiling w/track lighting, numerous waterfront windows & French Doors to deck. Two bedrooms, full bath & main floor laundry complete this level. Lower level has large Rec Room, 3rd bedroom, 3/4 bath, Billiard room, bonus room w/built in bar/cabinets. Enjoy the hot tub room w/numerous windows & French Doors to front lawn. Includes detached 2 stall garage & storage bldgs

Last Agent to Sell the Property

Betsy Clark

Northwoods Land Office License #20337324 Listed on: 09/17/2021

Last Buyer's Agent

Norma Jean Jofs

Next Door Realty License #40713911

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,212

Year Built

  • Built in 1985

Lot Details

  • 15 Acre Lot
  • Irregular Lot

Parking

  • 2 Car Garage

Home Design

  • Bi-Level Home
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 2,936 Sq Ft Home
  • Wood Burning Fireplace
  • Free Standing Fireplace
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Basement

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

Outdoor Features

  • Deck
  • Patio

Utilities

  • Central Air
  • Well
  • Electric Water Heater
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 260-12-00560/260-14-00211

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,212

Year Built

Built in 1985

Lot Details

15 Acres

Listing Details

  • Class: Residential
  • Construction: Wood Frame
  • Guttering: Partial
  • Irregular Lot Size: Yes
  • Lower Level Bathrooms: .75
  • Lower Level Bedrooms: 1
  • Lvt Date: 09/17/2021
  • Main Level Bathrooms: 1
  • Number Of Bedrooms: 3
  • Parcel Code Number: 260-12-00560/260-14-00211
  • Patioporch: Deck, Patio
  • Percent Of Bsmnt Finished: 100
  • Real Estate Tax: 4212
  • Style: Bi-Level
  • Type: Residential
  • Year Built: 1985
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Finished Sq Ft: 2936
  • Bedroom 1: Size: 15.5x14, On Level: Main
  • Total Bathrooms: 1.75
  • Appliances: Dishwasher, Refrigerator
  • Basement: Full, Walkout
  • Bedroom 2: Size: 15x11.5, On Level: Main
  • Bedroom 3: Size: 12x10, On Level: Lower
  • Fireplace: 1 Fireplace, Free Standing, Wood Burning
  • Kitchen: Size: 22x18, On Level: Main
  • Living Room: Size: 15.5x17.5, On Level: Main
  • Main Level Bedrooms: 2
  • Other Room 2: Hot Tub Rm, Size: 22x18, On Level: Lower
  • Other Room 3: Billiard R, Size: 18x16, On Level: Lower
  • Rec Room: Size: 30x14, On Level: Lower

Exterior Features

  • Exterior: Vinyl
  • Roof: Shingle

Garage/Parking

  • Garage: 1 Stall, 2 Stalls, Attached, Detached
  • Garage Capacity: 2
  • Garage Size: 24x19

Utilities

  • Cooling: Central
  • Utilities: Septic, Well
  • Water Heater: Electric

Lot Info

  • Lot Size: Dimensions: 901x1558
  • Number Of Acres: 15
  • Zoning: Res

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2021
Closed on
Sep 26, 2022
Sold by
Bought by
Seller's Agent
Betsy Clark
Northwoods Land Office
Buyer's Agent
Norma Jean Jofs
Next Door Realty
List Price
$369,900
Sold Price
$365,000
Premium/Discount to List
-$4,900
-1.32%
Current Estimated Value
$491,958

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$126,958
Avg. Annual Appreciation
8.17%
Original Mortgage
$292,000
Interest Rate
0.0513%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$365,000 All American Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $213,500
Closed $213,500
Closed $292,000
Previous Owner $284,500
Previous Owner $50,000
Previous Owner $247,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/27/2022 09/27/22 Sold $365,000 -1.3% $124 / Sq Ft
06/01/2022 06/01/22 For Sale $369,900 +1.3% $126 / Sq Ft
01/03/2022 01/03/22 Off Market $365,000 -- --
11/10/2021 11/10/21 Price Changed $369,900 -2.6% $126 / Sq Ft
09/17/2021 09/17/21 For Sale $379,900 -- $129 / Sq Ft
Source: Range Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,524 $346,600 $133,700 $212,900
2023 $3,404 $322,000 $127,600 $194,400
2022 $4,190 $318,700 $127,600 $191,100
2021 $3,906 $318,700 $127,600 $191,100
2020 $3,906 $301,000 $127,600 $173,400
2019 $3,862 $295,000 $121,600 $173,400
2018 $3,396 $295,000 $121,600 $173,400
2017 $3,342 $256,400 $113,800 $142,600
2016 $3,250 $256,400 $113,800 $142,600
2015 $3,909 $243,500 $108,100 $135,400
2014 $3,909 $291,400 $116,300 $175,100
Source: Public Records

Agents Affiliated with this Home

  • Betsy Clark

    Seller's Agent in 2022

    Betsy Clark

    Northwoods Land Office

    (218) 290-3619

    176 Total Sales

    Betsy Clark
    Section Image
  • Norma Jean Jofs

    Buyer's Agent in 2022

    Norma Jean Jofs

    Next Door Realty

    (218) 780-2860

    393 Total Sales

    Norma Jean Jofs
    Section Image
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Map

Source: Range Association of REALTORS®

MLS Number: 142343

Range Association of REALTORS®

APN: 260001200560

Minnesota St Louis County Gilbert 55741

5297 Vermilion Trail, Gilbert, 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.

Range Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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