NOT LISTED FOR SALE

5483 Shady Ln Duluth, MN 55811

Estimated Value: $786,000 - $859,308

3 Beds
3.5 Baths
3,725 Sq Ft
$219/Sq Ft Est. Value

Sale Details

Date Sold: July 15, 2020

Last sale price $557,500 $150 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $4,863 / mo

53 Days on Market

Highlights

  • Private Waterfront
  • Spa
  • Heated Floors
  • Proctor Senior High School Rated 9+
  • Lake View
  • Deck

About This Home

As of July 2020

Nestled on CARIBOU LAKE! A unique and pretty boutique home! Walk in to soaring ceilings with Timber Frame- style beams and a wall of windows that allow you to overlook the lake! With south facing windows and deck - the all day sun allows you the ability to head out and enjoy the days swimming, fishing, boating and relaxing on your swing or your deck and sitting on your beach! Newer kitchen complete with Viking, gas stove and vent hood, granite counters with beveled edges, a built in pot rack, sink with a window facing the front yard to watch the kids' play basketball ....all of it opens into your dining room, living room and to a 3 season, enclosed porch! The main level exits to the deck overlooking the water! A house constructed for enjoyment of your outdoor space with windows galore, a mud area with laundry and dog wash, a lower level finished with a sauna, baths in almost every bedroom and a multitude of unique spaces for everyone to enjoy an activity! Loft above overlooks the lower level and would make a fantastic office. A Large bonus room over the garage would make a kids' play space, studio or bunk area for guests! Quality finishes both outside and in! An easy commute to downtown Duluth, airport, the Mall and convenient to all freeway access points! Live and Play just far enough from the City and enjoy spaces with those you love for years to come!

Last Agent to Sell the Property

Deanna Bennett

Messina & Associates Real Estate Listed on: 04/09/2020

Last Buyer's Agent

Eric Sams

Messina & Associates Real Estate License #MN 40482689|WI 83456-94

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,510

Year Built

  • Built in 1997

Lot Details

  • 41,818 Sq Ft Lot
  • Lot Dimensions are 105 x 400
  • Private Waterfront
  • 105 Feet of Waterfront
  • Lake Front

Home Design

  • Traditional Architecture
  • Concrete Foundation
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Cement Board or Planked

Interior Spaces

  • Multi-Level Property
  • Beamed Ceilings
  • Vaulted Ceiling
  • Ceiling Fan
  • Free Standing Fireplace
  • Mud Room
  • Entryway
  • Family Room
  • Living Room
  • Combination Kitchen and Dining Room
  • Recreation Room
  • Loft
  • Lake Views
  • Breakfast Area or Nook

Flooring

  • 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 Room
  • Laundry on main level

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Bedroom in Basement
  • Recreation or Family Area in Basement
  • Finished Basement Bathroom

Parking

  • 2 Car Attached Garage
  • Off-Street Parking

Outdoor Features

  • Spa
  • Deck
  • Enclosed Patio or Porch
  • Storage Shed

Utilities

  • Heating System Uses Propane
  • Private Water Source
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number 280-0040-00060

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,510

Year Built

Built in 1997

Lot Details

0.96 Acres

Listing Details

  • Class: SINGLE FAMILY
  • Directions: North on Hwy 53 to Midway Rd Intersection (Pike Lake intersection). Take Right on Midway Rd continue until Rd turns into Kehtel Rd (turns left only) then a Right on Shady Ln to property.
  • Waterfront Info Lake Maximum Depth: 21
  • L O1 Office Phone1 Number: 218-728-4436
  • Property Sub-Type: SF/Detached
  • Tax Year: 2020
  • View Type:Pond View: Inland Lake
  • Lot Description Waterfront: Yes
  • Reso Association Amenities: Ceiling Fans, Tiled Floors, Vaulted Ceilings, Walk-In Closet, Beamed Ceilings, Patio Door, Main Floor Laundry
  • Amenities Exterior: Deck, Patio
  • Half Bathrooms: 1
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 2150
  • Below Grade Finished Sq Ft: 1575
  • Garage Type: Attached
  • Heat: Fireplace, In Floor, Propane
  • Fireplaces: 1
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Asphalt Shingles
  • Room 10: Rec Room
  • Room 11: Bedroom
  • Room 12: Bedroom
  • Bedroom 3: Dining Room
  • TotalBedrooms: 3
  • Year Built: 1997
  • Level 1 Bedroom: Main
  • RoomLevel10: Lower
  • RoomLevel11: Lower
  • RoomLevel12: Lower
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • RoomLevel6: Main
  • RoomLevel7: Main
  • RoomLevel8: Upper
  • RoomLevel9: Upper
  • Property Style: Traditional
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 2
  • Basement Features: Finished, Walkout, Bath, Bedrooms, Family/Rec Room
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Bathroom Description: 3/4 Basement, Full Master, 1/2 Main Floor, Private Master, Separate Tub & Shower, Two Basement Baths
  • Formal Dining: Breakfast Nook, Combine with Kitchen, Informal Dining Room
  • Extra Rooms: Family/Rec, Mud Room, Spa/Sauna, 3 Season Porch, Loft
  • Fireplace: Yes
  • Den Fireplace Type: Free Standing
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Entry
  • Bathroom 2: Kitchen
  • Main Residence Features:Family Room4: Living Room
  • Bedroom 5: 3 Season Porch
  • Stories: 1.25 - 1.75 Story
  • Room 6: Master Bedroom
  • Room 7: Laundry Room
  • Room 8: Loft
  • Room 9: Family Room
  • Total Bathrooms: 4
  • Total Fin Square Footage: 3725
  • Exercise Room Level2: Main

Exterior Features

  • LakeAcres: 486
  • Out Buildings: Storage Shed
  • Waterfront Access: Private
  • Water Frontage In Feet: 105
  • Waterfront Name: Caribou
  • Construction Status: Previously Owned
  • Exterior: Cement Board, Wood

Garage/Parking

  • Parking Driveway: Off Street
  • Garage Capacity: 2

Utilities

  • Power Company: Minnesota Power
  • Sewer: Private
  • Water: Private

Schools

  • Junior High Dist: Duluth #709

Lot Info

  • Estimated Lot Dimensions: 105 x 400
  • Estimated Number of Acres: 0.96
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Accessible Shoreline
  • Parcel Number: 280-0040-00060
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 5510

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2020
Closed on
Jul 9, 2020
Sold by
Jackhenry Properties Llc
Bought by
Mcdevitt Jason M and Mcdevitt Elizabeth A
Seller's Agent
Deanna Bennett
Messina & Associates Real Estate
Buyer's Agent
Eric Sams
Messina & Associates Real Estate
List Price
$557,500
Sold Price
$557,500
Current Estimated Value
$815,103

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$257,603
Avg. Annual Appreciation
6.77%
Original Mortgage
$324,500
Outstanding Balance
$287,103
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$528,000

Purchase Details

Closed on
Jun 9, 2009
Sold by
Burns Mark D and Burns Jennifer J
Bought by
Nelson Scott H and Holmen Jillian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,950
Interest Rate
4.92%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 12, 2005
Sold by
Banchs Richard J and Sorensen Sharon J
Bought by
Burns Mark D and Burns Jennifer J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$432,000
Interest Rate
5.8%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 24, 2002
Sold by
Sundberg F Daniel and Sundberg Seija
Bought by
Banchs Richard J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$409,000
Interest Rate
6%
Source: Public Records

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Mcdevitt Jason M $557,500 Stewart Title Company
Nelson Scott H $545,000 Rels
Burns Mark D $540,000 Priority
Banchs Richard J $409,000 Arrowhead Abstract & Title C
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcdevitt Jason M $324,500
Previous Owner Nelson Scott H $59,950
Previous Owner Nelson Scott H $417,000
Previous Owner Burns Mark D $432,000
Previous Owner Banchs Richard J $409,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/15/2020 07/15/20 Sold $557,500 0.0% $150 / Sq Ft
06/01/2020 06/01/20 Pending -- -- --
04/09/2020 04/09/20 For Sale $557,500 -- $150 / Sq Ft
Source: Lake Superior Area 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 $6,502 $640,000 $155,300 $484,700
2023 $6,548 $580,800 $141,700 $439,100
2022 $6,378 $544,000 $132,700 $411,300
2021 $5,534 $519,700 $115,800 $403,900
2020 $5,510 $457,200 $111,700 $345,500
2019 $5,388 $445,300 $111,700 $333,600
2018 $5,560 $445,300 $111,700 $333,600
2017 $4,576 $445,500 $111,900 $333,600
2016 $4,456 $379,000 $94,800 $284,200
2015 $4,224 $375,900 $94,000 $281,900
2014 $4,224 $375,900 $94,000 $281,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6089197

APN: 280004000060

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