NOT LISTED FOR SALE

5540 Lippo Ln Cromwell, MN 55726

Estimated Value: $225,000 - $309,000

2 Beds
1 Bath
1,120 Sq Ft
$243/Sq Ft Est. Value

Last Sold August 31, 2018

Last sale price $174,900 $156 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $1,685/month

124 Days on Market

Highlights

  • 95 Feet of Waterfront
  • Lake View
  • Traditional Architecture
  • Docks
  • Deck
  • 3 Car Detached Garage

About This Home

As of August 2018

Have you been looking for a lake cabin? Look no further. This 2 bed 1 bath year round cabin is just waiting for you to put the dock and boat into the water. Located on a dead end on Island Lake in Cromwell, Mn this 320 acre lake is only a short 25 minute drive West of Black Bear Casino and I-35. Not only is Island Lake actively stocked with Walleye it also contains Bass, Perch and Pike. Enjoy your morning cup of coffee on the front deck or share a smore around the fire pit after a day on the water. You will find the yard has a gentle and gradual slope into the sandy swimming beach giving everyone perfect access to the water. Paddle board around the point and duck under the Hwy 210 overpass and you are now on 110+ acre Upper Island Lake. ATV trails are nearby as well with so much to do you will run out of weekend to do it all in. Store all your lake toys in the over sized 3+ car garage, not to mention the upper 40' x 17' insulated space above the garage which doubles as a bunk house in the summer with a window air conditioner to keep everyone cool at bedtime. If that wasn't enough cabin is connected to CITY SEWER no septic system or holding tank to worry about. Newer roof on house and garage. Just cut the grass and enjoy the lake. Summer is coming. Call today for your private showing!"

Last Agent to Sell the Property

Chad Watczak

Edina Realty, Inc. - Duluth Listed on: 03/23/2018

Edina Realty, Inc. - Duluth

Last Buyer's Agent

Chad Watczak

Edina Realty, Inc. - Duluth Listed on: 03/23/2018

Edina Realty, Inc. - Duluth

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,260

Year Built

  • Built in 1972

Lot Details

  • 0.38 Acre Lot
  • 95 Feet of Waterfront
  • Lake Front
  • Property fronts a county road
  • Landscaped
  • Level Lot
  • Few Trees

Home Design

  • Traditional Architecture
  • Poured Concrete
  • Fire Rated Drywall
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 1,120 Sq Ft Home
  • 1-Story Property
  • Entrance Foyer
  • Living Room
  • Combination Kitchen and Dining Room
  • Lake Views
  • Crawl Space

Kitchen

  • Range
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • 3 Car Detached Garage
  • Gravel Driveway

Outdoor Features

  • Docks
  • Deck

Utilities

  • Forced Air Heating System
  • Heating System Uses Propane
  • Baseboard Heating
  • Underground Utilities
  • Water Softener is Owned

Listing and Financial Details

  • Assessor Parcel Number 17-170-0291

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,260

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Hwy 210 W. pass through Cromwell. Take a Left onto Hwy 73. Lippo Ln will b e on your left in approx. .5 miles.
  • L O1 Office Phone1 Number: 218-728-7700
  • List Price/ Sq Ft: 156.16
  • PropAdjoinsPublicLand: No
  • ShorelineCharacteristics: Sand
  • Property Sub-Type: SF/Detached
  • Tax Year: 2017
  • View Type:Pond View: Inland Lake
  • Lot Description Waterfront: Yes
  • Reso Association Amenities: Drywalls, Foyer Entry, Patio Door, Main Floor Laundry, Washer Hook-Ups
  • Amenities Exterior: Deck, Dock
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1120
  • Garage Type: Detached
  • Heat: Baseboard, Forced Air, Propane, Electric
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Foyer
  • TotalBedrooms: 2
  • Year Built: 1972
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • Property Style: Traditional
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer, Microwave, Range/Stove, Refrigerator, Washer
  • Basement Material: Poured Concrete
  • Estimated Basement Sq Ft: 1120
  • Basement Style: Crawl Space
  • Bathroom 1 Level: 1
  • Bathroom Description: Full Main Floor
  • Formal Dining: Combine with Kitchen
  • Extra Rooms: See Remarks
  • Fireplace: No
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Kitchen
  • Main Residence Features:Family Room4: Bedroom
  • Bedroom 5: Bedroom
  • Stories: 1 Story
  • Total Bathrooms: 1
  • Total Fin Square Footage: 1120
  • Exercise Room Level2: Main

Exterior Features

  • Road Frontage: County
  • Water Frontage In Feet: 95
  • Waterfront Name: Island
  • Construction Status: Previously Owned
  • Exterior: Wood

Garage/Parking

  • Parking Driveway: Driveway - Asphalt, Driveway - Gravel
  • Garage Capacity: 3

Utilities

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

Schools

  • School District: Cromwell-Wright #95
  • Junior High Dist: Cromwell-Wright #95

Lot Info

  • Geo Update Timestamp: 2018-03-23
  • Estimated Lot Dimensions: 60 x 219 and 95 x 180
  • Estimated Number of Acres: 0.38
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Accessible Shoreline, Landscaped, Tree Coverage - Light, Underground Utilities, Level
  • Parcel Number: 17-170-0291
  • Waterfront Type: Inland Lake

Rental Info

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

Tax Info

  • Tax Amount: 2260

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2018
Closed on
Aug 31, 2018
Sold by
Wark Jesse L
Bought by
Youngberg Rocky J
Seller's Agent
Chad Watczak
Edina Realty, Inc. - Duluth
Buyer's Agent
Chad Watczak
Edina Realty, Inc. - Duluth
List Price
$174,900
Sold Price
$174,900
Current Estimated Value
$272,255

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,355
Avg. Annual Appreciation
6.43%
Original Mortgage
$139,920
Outstanding Balance
$122,030
Interest Rate
4.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$150,225

Purchase Details

Listed on
Apr 22, 2016
Closed on
May 26, 2016
Sold by
Eggenschwiler Kathleen and Eggenschwiler Urs
Bought by
Wark Jesse L
Seller's Agent
Reisa Varin
RE/MAX Results
Buyer's Agent
Michelle Kuklinski
Adolphson Real Estate - Cloquet
List Price
$147,000
Sold Price
$147,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.14%
Original Mortgage
$139,650
Interest Rate
3.58%
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
Youngberg Rocky J $174,900 --
Wark Jesse L $147,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Youngberg Rocky J $139,920
Previous Owner Wark Jesse L $139,650
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/31/2018 08/31/18 Sold $174,900 0.0% $156 / Sq Ft
07/25/2018 07/25/18 Pending -- -- --
03/23/2018 03/23/18 For Sale $174,900 +19.0% $156 / Sq Ft
06/10/2016 06/10/16 Sold $147,000 0.0% $131 / Sq Ft View Prior Sale
05/06/2016 05/06/16 Pending -- -- --
04/22/2016 04/22/16 For Sale $147,000 -- $131 / 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
2024 $2,826 $194,300 $95,600 $98,700
2023 $2,846 $185,300 $95,600 $89,700
2022 $2,388 $185,300 $95,600 $89,700
2021 $2,322 $146,000 $74,700 $71,300
2020 $2,384 $144,400 $74,700 $69,700
2019 $2,402 $139,500 $74,700 $64,800
2018 $2,268 $137,800 $74,500 $63,300
2017 $2,278 $135,500 $74,500 $61,000
2016 $2,336 $135,500 $74,500 $61,000
2015 $2,300 $110,500 $60,800 $49,700
2014 -- $115,900 $61,500 $54,400
2013 -- $115,900 $61,500 $54,400
Source: Public Records

Agents Affiliated with this Home

  • Chad Watczak

    Seller's Agent in 2018

    Chad Watczak

    Edina Realty, Inc. - Duluth

    (218) 349-0777

    199 Total Sales

    Chad Watczak
    Section Image

  • R

    Seller's Agent in 2016

    Reisa Varin

    RE/MAX

    (218) 343-6636

    95 Total Sales

    Reisa Varin
    Section Image

  • M

    Buyer's Agent in 2016

    Michelle Kuklinski

    Adolphson Real Estate - Cloquet

    (218) 878-0570

    52 Total Sales

    Michelle Kuklinski
    Section Image
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6073622

APN: 17-170-0291

Minnesota Carlton County Cromwell 55726

5540 Lippo Ln, Cromwell, MN

This home is located at 5540 Lippo Ln, Cromwell, MN 55726 since 23 March 2018 and is currently estimated at $272,255, approximately $243 per square foot. This property was built in 1972. 5540 Lippo Ln is a home located in Carlton County with nearby schools including Cromwell-Wright Elementary School.

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