NOT LISTED FOR SALE

5877 Borealis Dr Aurora, MN 55705

Estimated Value: $360,000 - $617,380

8 Acres
$61,740 Price per Acre
352,836 Sq Ft Lot

Last Sold March 05, 2021

Last sale price $245,000

Est. 92% increase in value since last sale

Current estimated payment $3,008/month

27 Days on Market

About This Lot

As of March 2021

390 feet of shoreline outlines this beautiful 8 acre lot on desirable Embarrass Lake. New in the last year is a 36x64 Pole Building complete with a mill feed floor and power, also a sauna building/ screen house near the waters edge. The sauna is complete with a Kuma stove, vinyl siding, and a metal roof while the screen room only needs a little interior finishing. The land is stacked with a great sitting area/ firepit near the sandy shoreline, then a gradual slope up to the cleared building site and pole building, all while giving you beautiful views of Embarrass Lake. There is a septic permit in place for a 3 bedroom septic!

Last Agent to Sell the Property

Rachel Lacount

Northwoods Land Office License #20564039 Listed on: 01/05/2021

Last Buyer's Agent

Samantha Koivunen

Dane Arthur Real Estate Agency License #40444533

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,594

Lot Details

  • 8.1 Acre Lot
  • Lot Dimensions are 964 x 370
  • 390 Feet of Lake Waterfront
  • Lake Front
  • Irregular Lot

Property Details

Property Type

Land

Est. Annual Taxes

$1,594

Lot Details

0

Listing Details

  • Class: Lots/Land
  • Irregular Lot Size: Yes
  • Lvt Date: 01/05/2021
  • Real Estate Tax: 1594
  • Type: Waterfront
  • Dnr Lake Id Number: 69049600
  • Lot Size Length: 964
  • Lot Size Width: 370
  • Lake Frontage: 390
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Waterfront Name: Embarrass Lake
  • Waterfront: 1 - Lake

Utilities

  • Utilities: Electricity

Schools

  • School District: Ara-Hyt Lk/Bwbk

Lot Info

  • Number Of Acres: 8.1
  • Zoning: Res
  • Land Description: Building site cleared, high land with a gently slope to the lake.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2021
Closed on
Mar 5, 2021
Sold by
Thomas Chad E and Thomas Pamela J
Bought by
Briski Timothy J and Briski Michelle L
Seller's Agent
Rachel Lacount
Northwoods Land Office
Buyer's Agent
Samantha Koivunen
Dane Arthur Real Estate Agency
List Price
$259,900
Sold Price
$245,000
Premium/Discount to List
-$14,900
-5.73%
Current Estimated Value
$469,358

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$224,358
Avg. Annual Appreciation
15.58%
Original Mortgage
$200,000
Outstanding Balance
$181,862
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$285,450

Purchase Details

Closed on
Jun 18, 2019
Sold by
Sonnek Margaret J and Sonnek Robert L
Bought by
Thomas Chad E and Thomas Pamela J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,200
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 25, 2015
Sold by
Sonnek Robert L and Sonnek Margaret J
Bought by
Sonnek Margaret J and Sonnek Robert L
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Briski Timothy J $245,000 All American Title
Thomas Chad E $119,000 Cambria Title
Sonnek Margaret J -- None Available
Briski Timothy Timothy $245,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Briski Timothy J $200,000
Previous Owner Thomas Chad E $95,200
Closed Briski Timothy Timothy $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/05/2021 03/05/21 Sold $245,000 -5.7% --
02/01/2021 02/01/21 Pending -- -- --
02/01/2021 02/01/21 For Sale $259,900 0.0% --
01/15/2021 01/15/21 Pending -- -- --
01/05/2021 01/05/21 For Sale $259,900 -- --
Source: Range Association of 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
2023 $5,416 $483,500 $169,400 $314,100
2022 $2,358 $177,200 $143,600 $33,600
2021 $1,782 $147,600 $117,200 $30,400
2020 $1,594 $117,200 $117,200 $0
2019 $1,596 $104,700 $104,700 $0
2018 $1,536 $104,700 $104,700 $0
2017 $1,524 $103,200 $103,200 $0
2016 $1,520 $103,200 $103,200 $0
2015 $1,660 $103,200 $103,200 $0
2014 $1,571 $103,200 $103,200 $0
Source: Public Records

Agents Affiliated with this Home

  • Rachel Lacount

    Seller's Agent in 2021

    Rachel Lacount

    Northwoods Land Office

    (218) 780-0355

    261 Total Sales

    Section Image
  • Samantha Koivunen

    Buyer's Agent in 2021

    Samantha Koivunen

    Dane Arthur Real Estate Agency

    (218) 780-8849

    65 Total Sales

    Section Image
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Map

Source: Range Association of REALTORS®

MLS Number: 140691

Range Association of REALTORS®

APN: 570019400030

Minnesota St Louis County Aurora 55705

5877 Borealis Dr, Aurora, MN

This home is located at 5877 Borealis Dr, Aurora, MN 55705 since 05 January 2021 and is currently estimated at $500,095. 5877 Borealis Dr is a home located in St. Louis County with nearby schools including Mesabi East Elementary School and Mesabi East Secondary 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.

Range Association of REALTORS® 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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