NOT LISTED FOR SALE

58450 Groningen Loop Sandstone, MN 55072

Estimated Value: $134,000 - $206,000

1 Bed
1 Bath
750 Sq Ft
$208/Sq Ft Est. Value

Last Sold February 15, 2017

Last sale price $45,000 $60 Per Sq Ft

Est. 243% increase in value since last sale

Current estimated payment $851/month

152 Days on Market

Highlights

  • Heated Floors
  • Log Cabin
  • Living Room
  • Main Floor Primary Bedroom
  • 2 Car Detached Garage
  • No Interior Steps

About This Home

As of February 2017

Cedar log cabin on 1.8 wooded acres. Just a convenient 3 mile drive from I35 and right off of the Munger Trail makes this an easy and fun get-a-way or VERY affordable year round housing in the woods! This cabin has in floor electric heat and propane furnace to keep a nice even heat, with a wood heated 2 car garage. The property is already surveyed and divided into lots that could be sold off or kept for your own enjoyment. This is a historical property as it lies on the site of the old railroad town of Groningen. Some old foundations can still be seen. Beautiful mix of trees with a field of flowers across the road. Quiet and convenient location!

Last Agent to Sell the Property

Bruce Larson

Edina Realty, Inc. - Duluth Listed on: 07/06/2016

Last Buyer's Agent

Nonmember NONMEMBER

Nonmember Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $652

Year Built

  • Built in 1990

Lot Details

  • 1.8

Parking

  • 2 Car Detached Garage

Home Design

  • Log Cabin
  • Slab Foundation
  • Log Siding

Interior Spaces

  • 750 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Dining Room
  • Heated Floors
  • Range
  • Laundry on main level

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • Bathroom on Main Level
  • 1 Full Bathroom

Utilities

  • Forced Air Heating System
  • Heating System Uses Propane
  • Private Water Source
  • Private Sewer

Additional Features

  • No Interior Steps
  • 1.8 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 12.5026-12.5030,12.5019,12.5020,12.5022,12.5023

Home Details

Home Type

Single Family

Est. Annual Taxes

$652

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Estimated Wooded Acres: 1.5
  • Class: SINGLE FAMILY
  • Directions: I35 to Sandstone exit. West 1/2 mile to Groningen Rd, turn right North and go approx 3 miles to Groningen Loop, turn right and follow to property on right.
  • Hobby Farm: No
  • L O1 Office Phone1 Number: 218-728-7700
  • Property Sub-Type: SF/Detached
  • Tax Year: 2016
  • Twp Number: 42
  • Lot Description Waterfront: No
  • Ada Features: No Stairs Internal
  • Reso Association Amenities: Main Floor Laundry
  • Mfg And Park Info Construction Type: Log Home
  • FinFootageAboveGrade: 750
  • Garage Type: Detached
  • Heat: Forced Air, In Floor, Propane, Electric
  • Bedroom 3: Dining Room
  • TotalBedrooms: 1
  • Year Built: 1990
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • Property Style: Log
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range/Stove, Refrigerator
  • Basement Material: N/A
  • Basement Style: Slab
  • Bathroom 1 Level: main
  • Bathroom Description: Full Main Floor
  • Fireplace: No
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Bedroom
  • Main Residence Features:Family Room4: Kitchen
  • Bedroom 5: Bathroom
  • Stories: 1 Story
  • Total Bathrooms: 1
  • Total Fin Square Footage: 750
  • Exercise Room Level2: Main

Exterior Features

  • Soil Type: Loam
  • Construction Status: Previously Owned
  • Exterior: Log

Garage/Parking

  • Garage Capacity: 2

Utilities

  • Power Company: Minnesota Power
  • Sewer: Private
  • Water: Private

Schools

  • Junior High Dist: Hinckley-Finlayson #2165

Lot Info

  • Estimated Lot Dimensions: 150x125 & 150x300 & 150x100
  • Estimated Number of Acres: 1.8
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 12.5026-12.5030,12.5019,12.5020,12.5022,12.5023

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 652

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2016
Closed on
Feb 15, 2017
Sold by
Gebhart Kevin Kevin
Bought by
Brotzel Leo
Seller's Agent
Bruce Larson
Edina Realty, Inc. - Duluth
Buyer's Agent
Nonmember NONMEMBER
Nonmember Office
List Price
$45,000
Sold Price
$45,000
Current Estimated Value
$154,248

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,248
Avg. Annual Appreciation
14.91%
Original Mortgage
$42,750
Outstanding Balance
$35,395
Interest Rate
4.2%
Estimated Equity
$120,885
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Brotzel Leo $45,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brotzel Leo $42,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/15/2017 02/15/17 Sold $45,000 0.0% $60 / Sq Ft
12/05/2016 12/05/16 Pending -- -- --
07/06/2016 07/06/16 For Sale $45,000 -- $60 / 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 $598 $110,200 $33,000 $77,200
2024 $662 $101,000 $28,800 $72,200
2023 $680 $99,400 $28,400 $71,000
2022 $846 $89,600 $25,300 $64,300
2021 $904 $94,600 $22,200 $72,400
2020 $694 $95,400 $19,500 $75,900
2019 $448 $81,300 $17,500 $63,800
2018 $414 $53,500 $15,200 $38,300
2017 $658 $50,500 $15,100 $35,400
2016 $602 $50,000 $15,100 $34,900
2014 $296 $24,000 $6,060 $17,940
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2017

    Bruce Larson

    Edina Realty, Inc. - Duluth

  • N

    Buyer's Agent in 2017

    Nonmember NONMEMBER

    Nonmember Office

See All Agents

Map

Source: Lake Superior Area REALTORS®

MLS Number: 6023872

APN: 012.5028.000

Minnesota Pine County Sandstone 55072

58450 Groningen Loop, Sandstone, MN

Not Listed for Sale

Detached

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