$229,000
SOLD JUN 27, 2025

563 Larsmont Way Unit 405-1 Two Harbors, MN 55616

3 Beds
2 Baths
1,980 Sq Ft
2005 Built

Recently Sold

$116 Per Sq Ft

4% Below List Price

102 Days on Market

Highlights

  • 2,000 Feet of Waterfront
  • Spa
  • Heated Floors
  • Fitness Center
  • Lake View
  • Contemporary Architecture

About This Home

As of June 2025

Don't miss this opportunity for a 1/4 share ownership (13 weeks/yr) at the award winning Larsmont Cottages on Lake Superior. This Lake View, stand-alone, private, 3 Bedroom, 2 bath cottage has a 4 season porch (including a sleeper sofa) , attached garage, and easy access to all the Larsmont amenities. Enjoy your privacy with views of the lake, or walk down to the campfires and listen to the waves crash against the shore. Take advantage of your attached garage in the winter, and walk right into your large mud room, to hang up all your gear. Your maintenance- free home on the North Shore awaits, with the added advantage of an onsite management company to handle the rental of your cottage, should you choose to join the rental program.

Last Agent to Sell the Property

Alex Chapek

Odyssey Real Estate Group Listed on: 03/03/2025

Last Buyer's Agent

Alex Chapek

Odyssey Real Estate Group Listed on: 03/03/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,174

Year Built

  • Built in 2005

Lot Details

  • 2,000 Feet of Waterfront
  • Lake Front

HOA Fees

  • $910 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Concrete Fiber Board Siding

Interior Spaces

  • 1,980 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Mud Room
  • Open Floorplan
  • Heated Floors
  • Lake Views
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level

Parking

  • 1 Car Attached Garage
  • Driveway

Pool

  • Spa
  • Outdoor Pool

Utilities

  • Shared Water Source
  • Shared Sewer

Listing and Financial Details

  • Assessor Parcel Number 25-5284-01150

Community Details

Overview

  • Association fees include exterior maintenance, landscaping, shared amenities, snow removal, trash, water, building insurance, cable/satellite, heat, lawn care

Amenities

  • Sauna

Recreation

  • Fitness Center

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,174

Year Built

Built in 2005

Lot Details

0

HOA Fees

$910 per month

Listing Details

  • Class: SINGLE FAMILY
  • Directions: South out of Two Harbors take Scenic Dr. for 4 miles turn left on Old North Shore Rd, Turn Right on Old North Shore Rd. Turn Left on Larsmont Way.
  • L O1 Office Phone1 Number: 218-834-2495
  • Road Maintenance: Association
  • Property Sub-Type: SF/Detached
  • Tax Year: 2025
  • View Type:Pond View: Lake Superior
  • Lot Description Waterfront: Yes
  • Air Conditioner: Ductless Mini Split
  • Amenities Exterior: Hot Tub, Pool
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1980
  • Garage Type: Attached
  • Heat: In Floor
  • Fireplaces: 1
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: Yes
  • Reso Roof: Asphalt Shingles
  • TotalBedrooms: 3
  • Year Built: 2005
  • Property Style: Contemporary
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Basement Material: N/A
  • Basement Style: Slab
  • Bathroom Description: Full Master
  • Formal Dining: Combine with Kitchen, Combine with Living Room, Eat-In Kitchen
  • Extra Rooms: Mud Room, 4 Season Porch
  • Fireplace: Yes
  • Den Fireplace Type: Gas
  • Bedroom Features:Main Floor Bedroom: Yes
  • Stories: 1 Story
  • Total Bathrooms: 2
  • Total Fin Square Footage: 1980

Exterior Features

  • Waterfront Access: Association
  • Water Frontage In Feet: 2000
  • Waterfront Name: Lake Superior
  • Construction Status: Previously Owned
  • Exterior: Fiber Board

Garage/Parking

  • Parking Driveway: Driveway - Asphalt
  • Garage Capacity: 1

Utilities

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

Condo/Co-op/Association

  • Shared: Sauna, Exercise Room
  • Association Fee: Yes
  • Association Fee Frequency: Monthly

Association/Amenities

  • FeesAssociationFeeAmount: 910.26

Fee Information

  • Association Fee Includes: Exterior Maintenance, Landscaping, Shared Amenities, Snow Removal, Trash, Water, Building Insurance, Cable/Satellite, Heat, Lawn Care

Schools

  • Junior High Dist: Lake Superior #381

Lot Info

  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 25-5284-01150
  • Waterfront Type: Lake Superior

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2025
Closed on
Jun 27, 2025
Sold by
Spero Andrew and Spero Erin
Bought by
Leighton Han Kelsey and Han Edwin
Seller's Agent
Alex Chapek
Odyssey Real Estate Group
Buyer's Agent
Alex Chapek
Odyssey Real Estate Group
List Price
$239,000
Sold Price
$229,000
Premium/Discount to List
-$10,000
-4.18%
Views
348
Current Estimated Value
$352,929

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$123,929
Avg. Annual Appreciation
256.87%

Purchase Details

Closed on
Nov 3, 2022
Sold by
Grubb John and Anderson Grubb Elizabeth
Bought by
Spero Andrew and Spero Erin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
6.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 30, 2013
Sold by
Swanson Joseph Joseph
Bought by
Grubb John John

Purchase Details

Closed on
Jul 27, 2012
Sold by
Wright Bruce J and Wright Joyce I
Bought by
Swanson Joseph J and Swanson Zoaron M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,600
Interest Rate
3.65%
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 Type Sale Price Title Company
Deed $229,000 --
Deed $92,500 --
Deed $92,500 --
Deed $93,000 --
Deed $93,000 --
Deed $92,500 --
Deed $92,500 --
Deed $265,000 --
Warranty Deed $197,000 Consolidated Title & Abstrac
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $65,000 New Conventional
Previous Owner $74,000 New Conventional
Previous Owner $157,600 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/27/2025 06/27/25 Sold $229,000 -4.2% $116 / Sq Ft
06/13/2025 06/13/25 Pending -- -- --
03/03/2025 03/03/25 For Sale $239,000 -- $121 / 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 $3,174 $422,100 $45,300 $376,800
2024 $2,144 $422,100 $45,300 $376,800
2023 $2,391 $418,900 $38,000 $380,900
2022 $2,864 $423,000 $38,000 $385,000
2021 $7,050 $271,500 $37,600 $233,900
2020 $2,675 $271,500 $37,600 $233,900
2019 $1,966 $199,800 $121,400 $78,400
2018 $1,737 $199,800 $121,400 $78,400
2017 $1,702 $174,600 $105,500 $69,100
2016 $1,704 $175,200 $105,500 $69,700
2015 $1,738 $173,600 $105,500 $68,100
2014 $1,738 $0 $0 $0
2013 $3,642 $0 $0 $0
2012 $4,006 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6118188

APN: 25-5284-01150