NOT LISTED FOR SALE

5297 Vermilion Trail Gilbert, MN 55741

Estimated Value: $317,000 - $569,000

3 Beds
2 Baths
2,936 Sq Ft
$156/Sq Ft Est. Value

Sale Details

Date Sold: September 27, 2022

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

Est. 25% increase in value since last sale

Current estimated payment $2,716 / 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

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2021
Closed on
Sep 26, 2022
Sold by
Draper Edmund W and Draper Carol A
Bought by
Sersha Lisa M and Sersha Kerry R
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
$456,777

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,777
Avg. Annual Appreciation
6.41%
Original Mortgage
$292,000
Outstanding Balance
$120,843
Interest Rate
5.13%
Mortgage Type
New Conventional
Estimated Equity
$335,934
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

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

Mortgage History

Date Status Borrower Loan Amount
Open Sersha Lisa M $292,000
Source: Public Records

Property History

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

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

    175 Total Sales

    Betsy Clark
    Section Image
  • Norma Jean Jofs

    Buyer's Agent in 2022

    Norma Jean Jofs

    Next Door Realty

    (218) 780-2860

    390 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

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