NOT LISTED FOR SALE

5302 Highway 61 Silver Bay, MN 55614

Estimated Value: $557,000 - $691,000

3 Beds
2 Baths
2,185 Sq Ft
$294/Sq Ft Est. Value

Last Sold May 10, 2017

Last sale price $320,000 $146 Per Sq Ft

Est. 101% increase in value since last sale

Current estimated payment $3,769/month

28 Days on Market

Highlights

  • Spa
  • Panoramic View
  • Deck
  • Sauna
  • Heated Floors
  • Vaulted Ceiling

About This Home

As of May 2017

Enjoy the north shore from this nearly new well cared for 3 bedroom, 2 bath log home with views of Lake Superior and a private setting. You can take a sauna, or watch the sunrise, moonrise, or ships from the sunroom or upper deck, warm up by the fireplace after ski or run and eat in or dine out within a short distance of this house. There is a large insulated and heated garage too and easy access year round from a public road.

Last Agent to Sell the Property

Christine Mattila

CENTURY 21 Atwood Listed on: 02/24/2017

Last Buyer's Agent

Christine Mattila

CENTURY 21 Atwood Listed on: 02/24/2017

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,535

Year Built

  • Built in 2007

Lot Details

  • 5.79 Acre Lot
  • Lot Dimensions are 900x280
  • Property fronts a highway
  • Level Lot
  • Landscaped with Trees

Property Views

  • Lake
  • Panoramic

Home Design

  • Log Cabin
  • Slab Foundation
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Log Siding

Interior Spaces

  • 2,185 Sq Ft Home
  • Multi-Level Property
  • Woodwork
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Wood Frame Window
  • Entrance Foyer
  • Living Room
  • Dining Room
  • Loft
  • Sun or Florida Room
  • Utility Room
  • Sauna

Kitchen

  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Heated Floors
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • Bathroom on Main Level
  • Bathtub With Separate Shower Stall

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Gravel Driveway
  • Off-Street Parking

Outdoor Features

  • Spa
  • Deck

Utilities

  • Central Air
  • Dual Heating Fuel
  • Boiler Heating System
  • Heating System Uses Propane
  • Private Water Source
  • Electric Water Heater
  • Water Softener is Owned
  • Private Sewer

Community Details

  • No Home Owners Association
  • Lorntson Johnson Community

Listing and Financial Details

  • Assessor Parcel Number 26-5634-02040, 02050, 02060, 02070, 02080, 02090

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,535

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: Hwy 61 approximately 1 mile east of the Silver Bay stop lights
  • L O1 Office Phone1 Number: 218-220-0334
  • List Price/ Sq Ft: 146.45
  • PropAdjoinsPublicLand: No
  • Remodeled Addition: No
  • Property Sub-Type: SF/Detached
  • Tax Year: 2017
  • Twp Number: 56
  • View Type:Pond View: Lake Superior, Panoramic
  • Lot Description Waterfront: No
  • Air Conditioner: Central
  • Reso Association Amenities: Ceiling Fans, Garage Door Opener, Hardwood Floors, Natural Woodwork, Sauna, Tiled Floors, Vaulted Ceilings, Walk-In Closet, Foyer Entry, Patio Door, Main Floor Laundry
  • Amenities Exterior: Deck
  • Mfg And Park Info Construction Type: Frame/Wood, Log Home
  • FinFootageAboveGrade: 2185
  • Garage Type: Detached
  • Heat: Boiler, Dual Fuel/Off Peak, Fireplace, In Floor, Propane, Electric
  • DevComplexSubName: Lorntson Johnson
  • New Development: No
  • Reso Roof: Asphalt Shingles
  • Room 10: Spa/Sauna
  • Room 11: Bathroom
  • Room 12: Loft
  • Bedroom 3: Kitchen
  • TotalBedrooms: 3
  • Year Built: 2007
  • Level 1 Bedroom: Main
  • RoomLevel10: Main
  • RoomLevel11: Second Floor
  • RoomLevel12: Second Floor
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • RoomLevel6: Main
  • RoomLevel7: Second Floor
  • RoomLevel8: Second Floor
  • RoomLevel9: Main
  • Property Style: Log
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Appliances: Cooktop, Dishwasher, Dryer, Microwave, Refrigerator, Wall Oven, Washer
  • Basement Features: N/A
  • Basement Material: N/A
  • Estimated Basement Sq Ft: 1420
  • Basement Style: Slab
  • Bathroom 1 Level: Main
  • Level 2 Three Quarter Bathrooms: Upper
  • Bathroom Description: Full Main Floor, Separate Tub & Shower
  • Formal Dining: Informal Dining Room
  • Extra Rooms: Spa/Sauna, Utility Room
  • Fireplace: Yes
  • Den Fireplace Type: Gas
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Dining Room
  • Main Residence Features:Family Room4: Sunroom/Solarium
  • Bedroom 5: Foyer
  • Stories: 1.25 - 1.75 Story
  • Room 6: Bedroom
  • Room 7: Bedroom
  • Room 8: Bedroom
  • Room 9: Bathroom
  • Total Bathrooms: 2
  • Total Fin Square Footage: 2185
  • Exercise Room Level2: Main

Exterior Features

  • Road Frontage: Highway
  • Construction Status: Previously Owned
  • Exterior: Log, Wood
  • Window Features:Insulated Windows: Wood Frame

Garage/Parking

  • Parking Driveway: Off Street, Driveway - Gravel
  • 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: 2017-05-10
  • Estimated Lot Dimensions: 900x280
  • Estimated Number of Acres: 5.79
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Tree Coverage - Medium, Level
  • Parcel Number: 26-5634-02040, 02050, 02060, 02070, 02080, 02090

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 3535.04

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 12, 2012
Closed on
Jun 13, 2014
Sold by
Rumpca Donna Donna
Bought by
Kaitala Erik Erik
Seller's Agent
Don Seipke
Edina Realty Inc - Duluth
Buyer's Agent
Liz Kratz
CENTURY 21 Gilderman
List Price
$359,000
Sold Price
$315,000
Premium/Discount to List
-$44,000
-12.26%
Current Estimated Value
$643,301

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$328,301
Avg. Annual Appreciation
6.59%
Original Mortgage
$315,000
Interest Rate
4.2%

Purchase Details

Closed on
Jul 12, 2007
Sold by
Johnson Wayne G and Johnson Delores E
Bought by
Rumpea Lynn and Rumpea Donna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$303,300
Interest Rate
6.63%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Kaitala Erik Erik $315,000 --
Rumpea Lynn $12,000 Ati Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gesell Michael D $256,000
Closed Kaitala Erik Erik $315,000
Previous Owner Rumpea Lynn $303,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2017 05/10/17 Sold $320,000 0.0% $146 / Sq Ft
03/24/2017 03/24/17 Pending -- -- --
02/24/2017 02/24/17 For Sale $320,000 +1.6% $146 / Sq Ft
06/13/2014 06/13/14 Sold $315,000 -12.3% $129 / Sq Ft
05/12/2014 05/12/14 Pending -- -- --
12/12/2012 12/12/12 For Sale $359,000 -- $147 / 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
2024 $2,966 $636,700 $45,300 $591,400
2023 $2,709 $673,000 $46,500 $626,500
2022 $3,826 $573,900 $44,400 $529,500
2021 $3,162 $425,800 $41,500 $384,300
2020 $2,874 $346,600 $37,700 $308,900
2019 $291 $300,700 $37,700 $263,000
2018 $2,957 $300,700 $37,700 $263,000
2017 $2,908 $300,700 $37,700 $263,000
2016 $2,972 $303,500 $37,700 $265,800
2015 $2,424 $306,400 $37,800 $268,600
2014 $2,424 $0 $0 $0
2013 $2,030 $0 $0 $0
2012 $2,110 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2017

    Christine Mattila

    CENTURY 21 Atwood

    Section Image

  • D

    Seller's Agent in 2014

    Don Seipke

    Edina Realty Inc - Duluth

  • L

    Buyer's Agent in 2014

    Liz Kratz

    CENTURY 21 Gilderman

See All Agents

Map

Source: Lake Superior Area REALTORS®

MLS Number: 6027069

APN: 26-5634-02040

Minnesota Lake County Silver Bay 55614

5302 Highway 61, Silver Bay, MN

This home is located at 5302 Highway 61, Silver Bay, MN 55614 since 24 February 2017 and is currently estimated at $642,216, approximately $293 per square foot. This property was built in 2007. 5302 Highway 61 is a home located in Lake County with nearby schools including William Kelley Elementary School and William Kelley High School.

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.

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