NOT LISTED FOR SALE

5763 Highway 61 Silver Bay, MN 55614

Estimated Value: $436,000 - $657,000

3 Beds
2 Baths
2,130 Sq Ft
$241/Sq Ft Est. Value

Last Sold April 18, 2013

Last sale price $299,000 $140 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $2,959/month

36 Days on Market

Highlights

  • Deck
  • Gazebo
  • 2 Car Detached Garage
  • Workshop
  • Formal Dining Room
  • Woodwork

About This Home

As of April 2013

Scenic 6.69 acre site nestled in the hillside on the beautiful North Shore Drive just 5 miles east of Silver Bay. Includes 1536 sq. ft raised ranch home with full walkout basement, 2 fireplaces and a large deck. Other improvements include a 26' x 30' heated garage with a 16' x 26' addition, a 13' x 18' guest cabin, 10' x 12' storage building and a 7 unit motel. Motel is sold furnished with rustic decor and provides a cash flow. Newer large capacity septic system and water. Close to the Tettegouche State Park, the Baptism River and the BWCA with views of Lake Superior from the site. Prime location at the intersection of Hwy 61 and Hwy 1

Last Agent to Sell the Property

Christine Mattila

CENTURY 21 Gilderman II Listed on: 01/16/2013

Co-Listed By

Dale Johnson

CENTURY 21 Gilderman II

Last Buyer's Agent

Christine Mattila

CENTURY 21 Gilderman II Listed on: 01/16/2013

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,956

Year Built

  • 1954

Lot Details

  • 6.69 Acre Lot
  • Property fronts a highway

Home Design

  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Woodwork
  • Wood Burning Fireplace
  • Formal Dining Room
  • Workshop

Kitchen

  • Range
  • Microwave

Bedrooms and Bathrooms

  • 3 Bedrooms

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Parking

  • 2 Car Detached Garage
  • Gravel Driveway

Outdoor Features

  • Deck
  • Patio
  • Gazebo
  • Storage Shed

Utilities

  • Forced Air Heating System
  • Heating System Uses Wood
  • Heating System Powered By Owned Propane
  • Private Water Source
  • Private Sewer
  • High Speed Internet

Community Details

  • Community Deck or Porch

Listing and Financial Details

  • Assessor Parcel Number 26-5607-11690

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,956

Year Built

1954

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Classification: Homestead
  • Style: SF Single Family
  • Amenities: Broadband Available, Natural Woodwork
  • Amenities Exterior: Deck, Driveway - Gravel, Patio
  • Estimated Number of Acres: 6.69
  • Construction: Previously Owned
  • Foundation Size: 1536
  • Parcel Number: 26-5607-11690
  • Projected Closed Date: 05/01/2013
  • Stories: 1 Story
  • Taxes With Assessments: 4618.5
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1954

Interior Features

  • Dining Room: Formal Dining Room
  • Fireplace: Yes
  • Fireplace Type: Wood Burning
  • Appliances: Microwave, Range/Stove, Refrigerator
  • Total Bedrooms: 3
  • Total Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 2
  • Room 1: Living Room, 13.7x21.9, On Level: Main
  • Room 2: Kitchen, 18'x9, On Level: Main
  • Room 3: Dining Room, 13.2x8.11, On Level: Main
  • Room 4: Rec Room, 33'x17.9, On Level: Basement
  • Room 5: Den/Office, 10.7x13.4, On Level: Main
  • Room 6: Den/Office, 12.3x9.11, On Level: Main
  • Room 9: Bedroom, 10.10x11.9, On Level: Main
  • Room 10: Bedroom, 12.6x11.11, On Level: Main
  • Basement Features: Partially Finished, Walkout
  • Basement Material: Concrete Block
  • Basement Style: Full, Walk-out
  • Finished Above Grade Sq Ft: 1536
  • Below Grade Finished Sq Ft: 594
  • Total Fin Square Footage: 2130
  • Total Square Footage: 1536

Exterior Features

  • Frontage Road: County, Highway, Paved
  • Construction Type: Frame/Wood
  • Exterior: Wood
  • Out Buildings: Gazebo, Storage Shed, Workshop
  • Roof: Asphalt Shingles

Garage/Parking

  • Garage Type: Detached
  • Garage Capacity: 2

Utilities

  • Fuel: Electric, Propane - Tank Owned, Wood
  • Heat: Forced Air
  • Sewer: Private
  • Water: Private

Condo/Co-op/Association

  • Shared: Deck

Schools

  • School District: Lake Superior #381

Lot Info

  • Estimated Lot Dimensions: Irregular

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2013
Closed on
Apr 18, 2013
Sold by
Cox Robert G
Bought by
Reineccius Gary and Reineccius Jill R
Seller's Agent
Christine Mattila
CENTURY 21 Gilderman II
Buyer's Agent
Christine Mattila
CENTURY 21 Gilderman II
List Price
$299,900
Sold Price
$299,000
Premium/Discount to List
-$900
-0.3%
Current Estimated Value
$514,129

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$215,129
Avg. Annual Appreciation
4.48%

Purchase Details

Closed on
Mar 2, 2005
Sold by
Tibbets Richard E and Tibbets Lois A
Bought by
Cox Robert G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,000
Interest Rate
5.7%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Reineccius Gary -- None Available
Cox Robert G $360,000 Scenic Title & Abstract Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reineccius Gary W $210,000
Previous Owner Cox Robert G $470,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/18/2013 04/18/13 Sold $299,000 -0.3% $140 / Sq Ft
02/21/2013 02/21/13 Pending -- -- --
01/16/2013 01/16/13 For Sale $299,900 -- $141 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

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 $1,956 $425,700 $102,100 $323,600
2024 $1,401 $429,000 $102,100 $326,900
2023 $1,377 $394,700 $92,700 $302,000
2022 $1,953 $355,300 $88,600 $266,700
2021 $2,211 $279,600 $88,600 $191,000
2020 $2,066 $304,000 $89,800 $214,200
2019 $2,038 $271,200 $89,800 $181,400
2018 $2,093 $271,200 $89,800 $181,400
2017 $2,034 $273,600 $89,900 $183,700
2016 $4,909 $275,600 $89,900 $185,700
2015 $9,554 $355,300 $90,500 $264,800
2014 $9,554 $0 $0 $0
2013 $4,637 $0 $0 $0
2012 $4,712 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2013

    Christine Mattila

    CENTURY 21 Gilderman II

  • D

    Seller Co-Listing Agent in 2013

    Dale Johnson

    CENTURY 21 Gilderman II

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4431723

REALTOR® Association of Southern Minnesota

APN: 26-5607-11690

Minnesota Lake County Silver Bay 55614

5763 Highway 61, Silver Bay, MN

This home is located at 5763 Highway 61, Silver Bay, MN 55614 since 16 January 2013 and is currently estimated at $514,129, approximately $241 per square foot. This property was built in 1954. 5763 Highway 61 is a home located in Lake County with nearby schools including William Kelley Elementary School and William Kelley High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

REALTOR® Association of Southern Minnesota IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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