
5531 Lester River Rd Duluth, MN 55804
Estimated payment $2,850/month
Highlights
- Private Waterfront
- Traditional Architecture
- Bonus Room
- Lakewood Elementary School Rated 9+
- Main Floor Primary Bedroom
- No HOA
About This Home
Charming 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
Map
Home Values in the Area
Average Home Value in this Area
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 | $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 |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
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 |
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Interfamily Deed Transfer | $90,000 | Arrowhead Abstract & Title C |
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Source: Lake Superior Area REALTORS®
MLS Number: 6118750
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