NOT LISTED FOR SALE

5881 Highway 1 Silver Bay, MN 55614

Estimated Value: $308,000 - $430,000

3 Beds
2 Baths
1,488 Sq Ft
$248/Sq Ft Est. Value

Last Sold November 09, 2018

Last sale price $196,000 $132 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $2,075/month

99 Days on Market

Highlights

  • Panoramic View
  • Ranch Style House
  • Den
  • Heated Floors
  • Pole Barn
  • Breakfast Area or Nook

About This Home

As of November 2018

Welcome to this Updated-Trendy Country home set on 1.95 manicured acres that is just minutes outside of town and close to Baptism High Falls!! This well built 3 + Bdrm, 2 Bath Ranch-Rambler home has main floor in floor heat, a new propane Weil McLean boiler, many nice updates and is move in ready!! Features include a sprawling open floor plan with remodeled kitchen featuring custom Alder wood cabinetry, solid surface granite countertops, and wood look tiled floors. The focal point of the living room is a barnwood feature wall. Other updates include the redone hardwood floors, solid core doors, new lighting and the fresh paint! The lower level walkout has a mudroom area, extra office space that could be a 4th bdrm if it is egress and a 3/4 partially finished Bath. There is additional space for finishing on the LL !! As an added bonus there are outbuildings (a 3 car garage & a 30x50 quonset with workshop) for all your trucks, cars, tools and toys. Patio and large yard for parties and entertaining! Great location by the Tettegouche State Park- and Appx 5 miles to Silver Bay, 50 to Grand Marais, 50 to Duluth!!

Last Agent to Sell the Property

Christine Fairchild

RE/MAX Results Listed on: 06/28/2018

RE/MAX Results

Last Buyer's Agent

Don Seipke

Edina Realty, Inc. - Duluth

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $734

Year Built

  • Built in 1963

Lot Details

  • 1.95 Acre Lot
  • Lot Dimensions are 225x377.52
  • Property fronts a highway
  • Level Lot
  • Landscaped with Trees

Home Design

  • Ranch Style House
  • Concrete Foundation
  • Fire Rated Drywall
  • Wood Frame Construction
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • Woodwork
  • Ceiling Fan
  • Vinyl Clad Windows
  • Living Room
  • Combination Kitchen and Dining Room
  • Den
  • Lower Floor Utility Room
  • Panoramic Views

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Heated Floors
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level

Laundry

  • Dryer
  • Washer

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom

Parking

  • 6 Car Detached Garage
  • Garage Door Opener
  • Off-Street Parking

Outdoor Features

  • Patio
  • Pole Barn
  • Separate Outdoor Workshop
  • Rain Gutters

Utilities

  • No Cooling
  • Boiler Heating System
  • Heating System Uses Wood
  • Heating System Uses Propane
  • Private Water Source
  • Electric Water Heater
  • Fuel Tank
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number 26-4607-10120

Home Details

Home Type

Single Family

Est. Annual Taxes

$734

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: Hwy 61 NE to N on Hwy 1, home is on the left hand side about 1.5 miles .
  • L O1 Office Phone1 Number: 218-722-2810
  • List Price/ Sq Ft: 131.72
  • Road Maintenance: Public
  • Property Sub-Type: SF/Detached
  • Tax Year: 2018
  • Twp Number: 56
  • View Type:Pond View: Panoramic
  • Lot Description Waterfront: No
  • Air Conditioner: None
  • Reso Association Amenities: Ceiling Fans, Eat-In Kitchen, Garage Door Opener, Hardwood Floors, Kitchen Center Island, Natural Woodwork, Tiled Floors, Drywalls, Dryer Hook-Ups, Washer Hook-Ups
  • Amenities Exterior: Patio, Gutter/Downspout
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1288
  • Below Grade Finished Sq Ft: 200
  • Garage Type: Detached
  • Heat: Boiler, In Floor, Wood, Outdoor Boiler, Propane
  • Reso Roof: Metal
  • Bedroom 3: Kitchen
  • TotalBedrooms: 3
  • Year Built: 1963
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • RoomLevel6: Main
  • RoomLevel7: Main
  • RoomLevel8: Lower
  • RoomLevel9: Lower
  • Property Style: Ranch/Rambler
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Appliances: Dishwasher, Dryer, Microwave, Range/Stove, Refrigerator, Washer
  • Basement Features: Partially Finished, Walkout, Bath, Den/Office, Utility Room, Washer Hook-Ups, Dryer Hook-Ups
  • Basement Material: Concrete Block
  • Estimated Basement Sq Ft: 1288
  • Basement Style: Full
  • Bathroom 1 Level: Main
  • Level 2 Three Quarter Bathrooms: LL unfinished
  • Bathroom Description: Full Main Floor
  • Formal Dining: Breakfast Nook, Combine with Kitchen, Eat-In Kitchen, Informal Dining Room
  • Fireplace: No
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Dining Room
  • Bathroom 2: Living Room
  • Main Residence Features:Family Room4: Bedroom
  • Bedroom 5: Bedroom
  • Stories: 1 Story
  • Room 6: Bedroom
  • Room 7: Bathroom
  • Room 8: Den/Office
  • Room 9: Bathroom
  • Total Bathrooms: 2
  • Total Fin Square Footage: 1488
  • Exercise Room Level2: Main

Exterior Features

  • Out Buildings: Pole Building, Workshop
  • Road Frontage: Highway, Paved
  • Construction Status: Previously Owned
  • Exterior: Vinyl
  • Window Features:Insulated Windows: Vinyl Frame

Garage/Parking

  • Parking Driveway: Off Street
  • Garage Capacity: 6
  • ParkingFeaturesGarageDimensions: 30x50 Quonset + 3 car

Utilities

  • Power Company: Coop Power & Light
  • Sewer: Private
  • Water: Private

Schools

  • School District: Lake Superior #381
  • Junior High Dist: Lake Superior #381

Lot Info

  • Geo Update Timestamp: 2018-06-28
  • Estimated Lot Dimensions: 225x377.52
  • Estimated Number of Acres: 1.95
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Landscaped, Tree Coverage - Medium, Level, Rolling
  • Parcel Number: 26-4607-10120

Rental Info

  • Lease Terms: Cash, Conventional, FHA, VA DVA

Tax Info

  • Tax Amount: 733.5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2018
Closed on
Nov 9, 2018
Sold by
Woodwick Teresa
Bought by
Cahill Daniel and Mathews Kaylee
Seller's Agent
Christine Fairchild
RE/MAX Results
Buyer's Agent
Don Seipke
Edina Realty, Inc. - Duluth
List Price
$196,000
Sold Price
$196,000
Current Estimated Value
$369,374

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$173,374
Avg. Annual Appreciation
9.56%
Original Mortgage
$190,120
Outstanding Balance
$166,144
Interest Rate
4.9%
Mortgage Type
Unknown
Estimated Equity
$203,230

Purchase Details

Closed on
Oct 12, 2009
Sold by
Hart Sidney Robert
Bought by
Hart Leroy Dale and Vigil Carlyn Marie
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
Cahill Daniel $196,000 --
Hart Leroy Dale -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cahill Daniel $190,120
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/09/2018 11/09/18 Sold $196,000 0.0% $132 / Sq Ft
10/05/2018 10/05/18 Pending -- -- --
06/28/2018 06/28/18 For Sale $196,000 +56.8% $132 / Sq Ft
09/11/2013 09/11/13 Sold $125,000 -16.7% $45 / Sq Ft View Prior Sale
08/26/2013 08/26/13 Pending -- -- --
05/16/2013 05/16/13 For Sale $150,000 -- $54 / 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 $1,376 $333,700 $46,000 $287,700
2024 $1,022 $337,300 $46,000 $291,300
2023 $905 $310,600 $42,300 $268,300
2022 $1,413 $260,400 $43,300 $217,100
2021 $1,248 $219,700 $43,300 $176,400
2020 $1,120 $143,500 $46,200 $97,300
2019 $859 $143,500 $46,200 $97,300
2018 $734 $149,400 $43,300 $106,100
2017 $714 $135,000 $42,200 $92,800
2016 $743 $136,500 $42,200 $94,300
2015 $713 $133,500 $39,000 $94,500
2014 $713 $0 $0 $0
2013 $1,018 $0 $0 $0
2012 $1,029 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Buyer's Agent in 2018

    Don Seipke

    Edina Realty, Inc. - Duluth

  • J

    Seller's Agent in 2013

    Jennifer Mattson

    Bayview Realty

  • C

    Buyer's Agent in 2013

    Christine Mattila

    CENTURY 21 Gilderman II

See All Agents

Map

Source: Lake Superior Area REALTORS®

MLS Number: 6076573

APN: 26-5607-10120

Minnesota Lake County Silver Bay 55614

5881 Highway 1, Silver Bay, MN

This home is located at 5881 Highway 1, Silver Bay, MN 55614 since 28 June 2018 and is currently estimated at $369,374, approximately $248 per square foot. This property was built in 1963. 5881 Highway 1 is a home located in Lake County with nearby schools including William Kelley Elementary School and William Kelley High School.

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