NOT LISTED FOR SALE

5343 Vermilion Trail Gilbert, MN 55741

Estimated Value: $223,000 - $409,000

3 Beds
2 Baths
2,200 Sq Ft
$145/Sq Ft Est. Value

Last Sold August 30, 2016

Last sale price $215,000 $98 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $1,860/month

68 Days on Market

Highlights

  • 250 Feet of Waterfront
  • Contemporary Architecture
  • Loft
  • Sauna
  • Wood Flooring
  • Formal Dining Room

About This Home

As of August 2016

Beautiful contemporary home on Cedar Island Lake, features 250 feet of sand beach and a 2 acre park like lot. The kitchen and laundry are updated with new appliances. Two large bedrooms feature patio doors to decks overlooking the lake. The third bedroom includes a loft. The detached 2 car garage was built in 2014. Roof and gutters were updated 2012. The recently added family room includes a brand new high efficiency wood stove. The lakeside wood fired sauna is constructed from local milled timbers. Located only five minutes from Giant's Ridge Golf and Ski Resort and the village of Biwabik.

Last Agent to Sell the Property

Norma Jean Jofs

Next Door Realty Listed on: 05/08/2016

Last Buyer's Agent

Nonmember NONMEMBER

Nonmember Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,962

Year Built

  • Built in 1981

Lot Details

  • 2 Acre Lot
  • Lot Dimensions are 200x400
  • 250 Feet of Waterfront
  • Property fronts a county road
  • Few Trees

Home Design

  • Contemporary Architecture
  • Concrete Foundation
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Steel Siding

Interior Spaces

  • 2,200 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Family Room
  • Formal Dining Room
  • Loft
  • Sauna
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Partial Basement
  • Sump Pump

Parking

  • 2 Car Detached Garage
  • Off-Street Parking

Utilities

  • Forced Air Heating System
  • Dual Heating Fuel
  • Heating System Uses Oil
  • Heating System Uses Wood
  • Private Water Source
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number 260-0012-00592,591

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,962

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Biwabik, South on Hwy 4 approx 3 miles to fire# 5343
  • L O1 Office Phone1 Number: 218-827-2288
  • List Price/ Sq Ft: 97.73
  • Road Maintenance: Public
  • ShorelineCharacteristics: Sand
  • Property Sub-Type: SF/Detached
  • Tax Year: 2016
  • Lot Description Waterfront: Yes
  • Reso Association Amenities: Eat-In Kitchen, Hardwood Floors, Sauna, Washer Hook-Ups
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 2200
  • Garage Type: Detached
  • Heat: Dual Fuel/Off Peak, Forced Air, Wood, Oil, Electric
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Family Room
  • TotalBedrooms: 3
  • Year Built: 1981
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Upper
  • RoomLevel5: Upper
  • RoomLevel6: Main
  • RoomLevel7: Upper
  • Property Style: Contemporary
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Stove, Refrigerator, Washer
  • Basement Features: Unfinished
  • Basement Material: Concrete Block
  • Estimated Basement Sq Ft: 600
  • Basement Style: Partial
  • Bathroom 1 Level: main
  • Level 2 Three Quarter Bathrooms: upper
  • Bathroom Description: Full Main Floor
  • Formal Dining: Breakfast Bar, Eat-In Kitchen, Formal Dining Room
  • Fireplace: Yes
  • Bathroom 1: Kitchen
  • Bathroom 2: Dining Room
  • Main Residence Features:Family Room4: Master Bedroom
  • Bedroom 5: Bedroom
  • Stories: 2 Story
  • Room 6: Bedroom
  • Room 7: Loft
  • Total Bathrooms: 2
  • Total Fin Square Footage: 2200
  • Exercise Room Level2: Main

Exterior Features

  • Out Buildings: Sauna
  • Road Frontage: County, Paved
  • Water Frontage In Feet: 250
  • Waterfront Name: Cedar Island
  • Construction Status: Previously Owned
  • Exterior: Steel

Garage/Parking

  • Parking Driveway: Off Street
  • Garage Capacity: 2

Utilities

  • Power Company: Lake Country Power
  • Sewer: Private
  • Water: Private

Schools

  • School District: Mesabi E. #2711
  • Junior High Dist: Mesabi E. #2711

Lot Info

  • Geo Update Timestamp: 2016-08-30
  • Estimated Lot Dimensions: 200X400
  • Estimated Number of Acres: 2
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Accessible Shoreline, Tree Coverage - Light
  • Parcel Number: 260-0012-00592,591

Rental Info

  • Lease Terms: Cash, Conventional, FHA, VA DVA

Tax Info

  • Tax Amount: 1962

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2016
Closed on
Aug 25, 2016
Sold by
Mattson Justin R and Mattson Christina A
Bought by
Trast Meagan and Trast Brandon
Seller's Agent
Norma Jean Jofs
Next Door Realty
Buyer's Agent
Nonmember NONMEMBER
Nonmember Office
List Price
$215,000
Sold Price
$215,000
Current Estimated Value
$318,080

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,080
Avg. Annual Appreciation
4.44%
Original Mortgage
$204,250
Outstanding Balance
$163,693
Interest Rate
3.45%
Mortgage Type
New Conventional
Estimated Equity
$154,387

Purchase Details

Listed on
Jul 10, 2013
Closed on
Aug 15, 2013
Sold by
Hoelscher Gordon W and Hoelscher Kay M
Bought by
Mattson Justin R and Mattson Christina A
Seller's Agent
Rick Marwick
Vermilion Land Office Inc
Buyer's Agent
Steve Bradach
Vermilion Land Office Inc
Sold Price
$204,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.74%
Original Mortgage
$163,200
Interest Rate
4.53%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Trast Meagan $215,000 Northeast Title Agency Inc
Mattson Justin R $204,000 Ne Va
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Trast Meagan $204,250
Closed Hietala Brendan M $41,482
Previous Owner Mattson Justin R $163,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2016 08/30/16 Sold $215,000 0.0% $98 / Sq Ft
07/15/2016 07/15/16 Pending -- -- --
05/08/2016 05/08/16 For Sale $215,000 +5.4% $98 / Sq Ft
08/15/2013 08/15/13 Sold $204,000 -- $113 / Sq Ft
07/10/2013 07/10/13 Pending -- -- --
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
2023 $1,692 $190,500 $33,500 $157,000
2022 $2,330 $195,700 $33,500 $162,200
2021 $2,096 $195,700 $33,500 $162,200
2020 $2,120 $180,800 $33,500 $147,300
2019 $2,090 $179,500 $32,200 $147,300
2018 $2,098 $179,500 $32,200 $147,300
2017 $2,060 $174,400 $26,800 $147,600
2016 $1,962 $174,400 $26,800 $147,600
2015 $1,832 $152,900 $23,500 $129,400
2014 $1,832 $145,400 $32,500 $112,900
Source: Public Records

Agents Affiliated with this Home

  • Norma Jean Jofs

    Seller's Agent in 2016

    Norma Jean Jofs

    Next Door Realty

    (218) 780-2860

    410 Total Sales

    Norma Jean Jofs
    Section Image

  • N

    Buyer's Agent in 2016

    Nonmember NONMEMBER

    Nonmember Office

  • R

    Seller's Agent in 2013

    Rick Marwick

    Vermilion Land Office Inc

    Section Image

  • S

    Buyer's Agent in 2013

    Steve Bradach

    Vermilion Land Office Inc

    (218) 780-2021

    25 Total Sales

    Steve Bradach
    Section Image
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6022179

APN: 260001200592

Minnesota St Louis County Gilbert 55741

5343 Vermilion Trail, Gilbert, MN

This home is located at 5343 Vermilion Trail, Gilbert, MN 55741 since 08 May 2016 and is currently estimated at $318,080, approximately $144 per square foot. This property was built in 1981. 5343 Vermilion Trail is a home located in St. Louis County with nearby schools including Mesabi East Elementary School and Mesabi East Secondary School.

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