NOT LISTED FOR SALE

5770 Rainbow Island Dr Beardsley, MN 56211

Estimated Value: $133,000 - $202,967

3 Beds
1 Bath
760 Sq Ft
$235/Sq Ft Est. Value

Last Sold March 30, 2023

Last sale price $180,000 $237 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $1,041/month

10 Days on Market

Highlights

  • Lake Front
  • Deck
  • 1-Story Property
  • Beach
  • Living Room
  • Baseboard Heating

About This Home

As of March 2023

Campfires, sunsets, and lake life are ready for you in this turn-key, seasonal cabin! Enjoy more time in and on the calmer waters of the bay using your private dock, right out your front door. Dock and boat lift included! Furnished, as-is cabin once part of Rainbow Island Resort, located on the #1 walleye lake in MN, Lake Traverse. A border water between MN & SD, means walleye season is open year round and you can fish with 2 lines. Hunting is also prevalent in the area: deer, ducks, pheasant, geese & more. Time to enjoy cabin and enjoy Lake Life! Sale includes:*cabin & full ownership of lot 10,*personal property of furnished cabin, dock and attached boat lift.*1/10th ownership share of Lot 11 which owns:shoreline, well & well house, septic, bathhouse, & fish cleaning station. Rainbow Island Association, is made up of the cabin owners, not a legal entity, operates the shared land and amenities.*Access island at your own risk; one lane road onto the island is plowed privately.

Last Agent to Sell the Property

Kristopher Visness

eXp Realty (3523 FGO) Listed on: 02/16/2023

eXp Realty (3523 FGO)

Co-Listed By

NON-RMLS NON-RMLS

Non-MLS

Last Buyer's Agent

Kristopher Visness

eXp Realty (3523 FGO) Listed on: 02/16/2023

eXp Realty (3523 FGO)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $454

Year Built

  • Built in 1970

Lot Details

  • 1,202 Sq Ft Lot
  • Lake Front

HOA Fees

  • $39 Monthly HOA Fees

Interior Spaces

  • 760 Sq Ft Home
  • 1-Story Property
  • Living Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Bathroom

Outdoor Features

  • Deck

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Well
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 150139009

Community Details

Overview

  • Association fees include electricity, shared amenities, taxes, water
  • Granberg And Kallstrom Association, Phone Number (320) 469-3454
  • Rainbow Island Acres First Add Subdivision

Recreation

  • Beach

Home Details

Home Type

Single Family

Est. Annual Taxes

$454

Year Built

Built in 1970

Lot Details

0

HOA Fees

$39 per month

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Window Unit(s)
  • Accessibility Features: None
  • Water Source: Well
  • Association Amenities: Beach
  • Fee Frequency: Annually
  • Year Built: 1970
  • Above Grade Finished Sq Ft: 760
  • Water Body Name: Traverse
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: Yes
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: None
  • Living Area: 760
  • Fireplace: No
  • Basement YN: No
  • Dining Room Type: Kitchen, Living Room, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom

Beds/Baths

  • Total Bedrooms: 3
  • Three Quarter Bathrooms: 1

Exterior Features

  • Roof: Asphalt
  • View: Lake
  • PatioPorchType: Deck
  • Lake Acres: 10848
  • Lake Bottom: Rocky,Sand
  • LakeChain: N

Garage/Parking

  • Parking Features: Gravel

Utilities

  • Heating: Baseboard, Hot Water
  • Sewer: Septic System Compliant - Yes
  • Fuel: Electric
  • Power Company: Traverse Electric Cooperative

Condo/Co-op/Association

  • HOA Fee Includes: Electricity, Shared Amenities, Taxes, Water
  • Phone: 320-469-3454
  • Association Fee: 473
  • Association: Yes

Association/Amenities

  • HOA Management Co: Granberg and Kallstrom

Schools

  • Junior High Dist: Browns Valley
  • SchoolDistrictNumber: 801
  • SchoolDistrictPhone: 320-695-2103

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: 1201.75
  • Lot Size Sq Ft: 1201.75
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: SquareFeet
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 150139009
  • Tax Annual Amount: 454
  • TaxWithAssessments: 454.0000

Multi Family

  • WaterfrontFeatures: Lake Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2023
Closed on
Mar 30, 2023
Sold by
Goligowski Janet and Granberg Julie
Bought by
Scott Anthony and Scott Marnie
Seller's Agent
Kristopher Visness
eXp Realty (3523 FGO)
Buyer's Agent
Kristopher Visness
eXp Realty (3523 FGO)
List Price
$180,000
Sold Price
$180,000
Views
17
Current Estimated Value
$178,656

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,344
Avg. Annual Appreciation
2.89%

Purchase Details

Closed on
Jul 1, 2015
Bought by
Goligowski and Goligowski Janet R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,500
Interest Rate
3.82%
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
Scott Anthony $180,000 --
Goligowski $89,500 --
Granberg Julie $89,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Granberg Julie $87,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2023 03/30/23 Sold $180,000 0.0% $237 / Sq Ft
02/26/2023 02/26/23 Pending -- -- --
02/16/2023 02/16/23 For Sale $180,000 -- $237 / Sq Ft
Source: NorthstarMLS

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 $434 $81,100 $42,900 $38,200
2024 $434 $81,100 $42,900 $38,200
2023 $436 $78,100 $42,900 $35,200
2022 $454 $78,100 $42,900 $35,200
2021 $444 $75,200 $42,900 $32,300
2020 $442 $75,200 $42,900 $32,300
2019 $422 $75,200 $42,900 $32,300
2018 $410 $69,100 $42,900 $26,200
2017 $402 $69,100 $42,900 $26,200
2016 $334 $69,100 $42,900 $26,200
2015 $32,200 $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6333583

NorthstarMLS

APN: 15-0139009