NOT LISTED FOR SALE

5475 Edwardson Rd Silver Bay, MN 55614

Estimated Value: $348,000 - $451,000

3 Beds
2 Baths
1,365 Sq Ft
$286/Sq Ft Est. Value

Last Sold May 31, 2022

Last sale price $310,000 $227 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $2,210/month

89 Days on Market

Highlights

  • Multiple Garages
  • Pole Barn
  • Bonus Room
  • Traditional Architecture
  • Main Floor Primary Bedroom
  • No HOA

About This Home

As of May 2022

Driving up Edwardson Rd across from Palisade Head and Lake Superior, you will find this gorgeous 6+ acre property with a 3 bed, 2 bath home, spacious kitchen with plenty of cabinetry and a desk area, room for a table and chairs by the window to look out over the huge yard! Outbuildings include a 2-car garage, a workshop building with a hoist for working on cars. Other outbuildings include a Pump house and woodshed. Artesian well, metal roof, vinyl siding, on demand water heater and a recent Survey has been done. Make your appt to see this home today! All Dimensions are approximate and to be verified by Buyer and or Buyers Agent, Please include an AS IS Addendum.

Last Agent to Sell the Property

Gigi Maxwell

Legacy Real Estate Group LLC Listed on: 12/15/2021

Last Buyer's Agent

Ashley LeBlanc

CENTURY 21 Atwood

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,227

Year Built

  • Built in 1951

Lot Details

  • 6.6 Acre Lot
  • Few Trees

Home Design

  • Traditional Architecture
  • Poured Concrete
  • Wood Frame Construction
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 1,365 Sq Ft Home
  • Multi-Level Property
  • Vinyl Clad Windows
  • Living Room
  • Combination Kitchen and Dining Room
  • Bonus Room
  • Lower Floor Utility Room

Kitchen

  • Eat-In Kitchen
  • Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Bathroom on Main Level

Laundry

  • Laundry Room
  • Dryer
  • Washer

Unfinished Basement

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

Parking

  • 2 Car Detached Garage
  • Multiple Garages

Outdoor Features

  • Pole Barn
  • Separate Outdoor Workshop
  • Storage Shed

Utilities

  • Forced Air Heating System
  • Heating System Uses Propane
  • Private Water Source
  • Artesian Water
  • Tankless Water Heater
  • Private Sewer

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 26-5607-21190

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,227

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Hwy 61 to Edwardson Rd to property at right.
  • L O1 Office Phone1 Number: 218-728-4436
  • List Price/ Sq Ft: 227.11
  • Property Sub-Type: SF/Detached
  • Tax Year: 2021
  • Lot Description Waterfront: No
  • Reso Association Amenities: Eat-In Kitchen
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1365
  • Garage Type: Detached, Multiple
  • Heat: Forced Air, Propane
  • MainFloorBath: Yes
  • Reso Roof: Metal
  • Bedroom 3: Bedroom
  • TotalBedrooms: 3
  • Year Built: 1951
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • RoomLevel6: Second Floor
  • RoomLevel7: Second Floor
  • RoomLevel8: Basement
  • RoomLevel9: Basement
  • Property Style: Traditional
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Appliances: Dryer, Range/Stove, Refrigerator, Washer
  • Basement Features: Unfinished, Utility Room, Washer Hook-Ups, Dryer Hook-Ups
  • Basement Material: Poured Concrete
  • Basement Style: Full
  • Bathroom Description: 3/4 Basement, Full Main Floor
  • Formal Dining: Combine with Kitchen, Eat-In Kitchen
  • Fireplace: No
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Kitchen
  • Bathroom 2: Living Room
  • Main Residence Features:Family Room4: Master Bedroom
  • Bedroom 5: Bathroom
  • Stories: 1.25 - 1.75 Story
  • Room 6: Bedroom
  • Room 7: Bonus Room
  • Room 8: Bathroom
  • Room 9: Laundry Room
  • Total Bathrooms: 2
  • Total Fin Square Footage: 1365
  • Exercise Room Level2: Main

Exterior Features

  • Out Buildings: Pole Building, Storage Shed, Workshop
  • Construction Status: Previously Owned
  • Exterior: Vinyl
  • Window Features:Insulated Windows: Vinyl Frame

Garage/Parking

  • Garage Features: Electrical Service
  • Garage Capacity: 2

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Schools

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

Lot Info

  • Geo Update Timestamp: 2021-12-15
  • Estimated Lot Dimensions: See Survey
  • Estimated Number of Acres: 6.6
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Tree Coverage - Light
  • Parcel Number: 26-5607-21190

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 1227.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 15, 2021
Closed on
May 31, 2022
Sold by
Anderson John
Bought by
Johnson Nicolas
Seller's Agent
Gigi Maxwell
Legacy Real Estate Group LLC
Buyer's Agent
Ashley LeBlanc
CENTURY 21 Atwood
List Price
$310,000
Sold Price
$310,000
Current Estimated Value
$390,035

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,035
Avg. Annual Appreciation
4.03%
Original Mortgage
$172,000
Outstanding Balance
$164,468
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$188,744
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
Johnson Nicolas $310,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson Nicolas $172,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2022 05/31/22 Sold $310,000 0.0% $227 / Sq Ft
03/14/2022 03/14/22 Pending -- -- --
12/15/2021 12/15/21 For Sale $310,000 -- $227 / 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 $1,566 $364,400 $74,000 $290,400
2024 $1,136 $367,300 $74,000 $293,300
2023 $736 $335,800 $65,600 $270,200
2022 $1,075 $226,600 $58,600 $168,000
2021 $1,227 $221,600 $85,300 $136,300
2020 $1,157 $205,600 $85,300 $120,300
2019 $1,154 $188,500 $85,300 $103,200
2018 $1,118 $188,500 $85,300 $103,200
2017 $1,102 $182,700 $81,400 $101,300
2016 $1,113 $184,100 $81,400 $102,700
2015 $1,146 $186,100 $81,900 $104,200
2014 $1,146 $0 $0 $0
2013 $904 $0 $0 $0
2012 $952 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2022

    Gigi Maxwell

    Legacy Real Estate Group LLC

    (218) 220-8729

    169 Total Sales

    Gigi Maxwell
    Section Image

  • A

    Buyer's Agent in 2022

    Ashley LeBlanc

    CENTURY 21 Atwood

    (218) 220-8969

    32 Total Sales

    Ashley LeBlanc
    Section Image
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6100887

APN: 26-5607-21190

Minnesota Lake County Silver Bay 55614

5475 Edwardson Rd, Silver Bay, MN

This home is located at 5475 Edwardson Rd, Silver Bay, MN 55614 since 15 December 2021 and is currently estimated at $390,035, approximately $285 per square foot. This property was built in 1951. 5475 Edwardson Rd is a home located in Lake County with nearby schools including William Kelley Elementary School and William Kelley High School.

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