Seller's Agent in 2025
Joshua Gosar
RE/MAX
(218) 269-1496
64 Total Sales
5531 Lester River Rd Duluth, MN 55804
4
Beds
2
Baths
2,383
Sq Ft
7.55
Acres
Highlights
- Private Waterfront
- Traditional Architecture
- Bonus Room
- Lakewood Elementary School Rated 9+
- Main Floor Primary Bedroom
- No HOA
About This Home
As of September 2025Charming Farmhouse on 7 Acres – Talmadge River Frontage! Discover the perfect blend of rustic charm and potential with this 4-bedroom, 2-bath farmhouse nestled on 7 scenic acres along the Talmadge River. Just a short drive to town, this property offers a peaceful retreat with plenty of room to make it your own. Step inside to find beautiful hardwood floors throughout the original home and a cozy living room centered around a wood-burning fireplace, perfect for relaxing evenings. The spacious main floor bedroom includes an attached sitting room—ideal for a private retreat, nursery, or home office. While some updates and finishing touches are needed, many major improvements have already been taken care of, including a newer roof, updated plumbing, septic system, and well. Outside, the property shines with a detached 3-stall heated garage, an additional 6-stall detached garage, and an attached 1-car tuck-under garage—offering ample space for vehicles, hobbies, or storage. Whether you're dreaming of a hobby farm, a peaceful homestead, or simply more room to spread out, this one-of-a-kind property delivers charm, space, and endless potential.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,017
Year Built
- Built in 1925
Lot Details
- 7.55 Acre Lot
- Lot Dimensions are 505x661
- Private Waterfront
- 507 Feet of Waterfront
- River Front
Home Design
- Traditional Architecture
- Concrete Foundation
- Wood Frame Construction
- Vinyl Siding
Interior Spaces
- 2,383 Sq Ft Home
- 2-Story Property
- Family Room
- Living Room
- Dining Room
- Den
- Bonus Room
- Basement Fills Entire Space Under The House
Kitchen
- Range
- Microwave
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bedroom on Main
- Bathroom on Main Level
- 2 Full Bathrooms
Parking
- 10 Car Detached Garage
- Tuck Under Garage
Utilities
- Heating System Uses Propane
- Private Water Source
- Private Sewer
Community Details
- No Home Owners Association
- Property is near a preserve or public land
Listing and Financial Details
- Assessor Parcel Number 415-0010-02840
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 18, 2025
Closed on
Sep 15, 2025
Sold by
Gray Daniel Louis and Gray Sheila Ruth
Bought by
Campbell Elise and Campbell Geoffrey
Seller's Agent
Joshua Gosar
RE/MAX Results
Buyer's Agent
Joshua Gosar
RE/MAX Results
List Price
$470,000
Sold Price
$425,000
Premium/Discount to List
-$45,000
-9.57%
Views
310
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99
Avg. Annual Appreciation
0.09%
Original Mortgage
$340,000
Outstanding Balance
$340,000
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$85,099
Purchase Details
Closed on
Jul 23, 2001
Sold by
Gray Robert L and Gray Evelyn H
Bought by
Gray Daniel Louis and Gray Sheila Ruth
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $425,000 | The Title Team | |
| Interfamily Deed Transfer | $90,000 | Arrowhead Abstract & Title C |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $340,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/16/2025 09/16/25 | Sold | $425,000 | -5.6% | $178 / Sq Ft |
| 08/24/2025 08/24/25 | Pending | -- | -- | -- |
| 04/26/2025 04/26/25 | Price Changed | $450,000 | -4.3% | $189 / Sq Ft |
| 04/18/2025 04/18/25 | For Sale | $470,000 | -- | $197 / Sq Ft |
Source: Lake Superior Area REALTORS®
Tax History Compared to Growth
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 | $4,046 | $353,300 | $93,200 | $260,100 |
| 2023 | $4,046 | $351,000 | $93,200 | $257,800 |
| 2022 | $3,568 | $346,700 | $88,900 | $257,800 |
| 2021 | $3,490 | $267,300 | $48,200 | $219,100 |
| 2020 | $3,488 | $261,900 | $42,800 | $219,100 |
| 2019 | $3,344 | $255,200 | $42,800 | $212,400 |
| 2018 | $2,802 | $255,200 | $42,800 | $212,400 |
| 2017 | $2,452 | $229,100 | $40,300 | $188,800 |
| 2016 | $2,266 | $201,500 | $60,900 | $140,600 |
| 2015 | $2,332 | $168,700 | $54,400 | $114,300 |
| 2014 | $2,332 | $166,200 | $52,200 | $114,000 |
Source: Public Records
Agents Affiliated with this Home
-
Joshua Gosar
-
Carly Gosar
Seller Co-Listing Agent in 2025
Carly Gosar
RE/MAX
(218) 269-4100
63 Total Sales
Map
Source: Lake Superior Area REALTORS®
MLS Number: 6118750
APN: 415001002840
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