NOT LISTED FOR SALE

5888 Highway 1 Silver Bay, MN 55614

Estimated Value: $225,000 - $256,000

3 Beds
1 Bath
1,376 Sq Ft
$175/Sq Ft Est. Value

Last Sold October 19, 2017

Last sale price $138,000 $100 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $1,332/month

4 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • 1 Car Detached Garage
  • Ranch Style House
  • Separate Outdoor Workshop
  • Eat-In Kitchen

About This Home

As of October 2017

WELL-MAINTAINED HOME SITUATED ON 1.68 ACRES. SPACIOUS LIVING ROOM ADDITION. ADDTL. AMENITIES INCLUDE TWO DECKS, 3 OUTBUILDINGS INCLUDING A WORKSHOP, 2 STORAGE SHEDS AND PAVED DRIVEWAY. NICELY LANDSCAPED - READY TO MOVE IN AND ENJOY!

Last Agent to Sell the Property

Gigi Maxwell

Legacy Real Estate Group LLC Listed on: 09/02/2017

Co-Listed By

Lisa Fransen

BayView Realty, LLC

Last Buyer's Agent

Deven VanHouse

CENTURY 21 Atwood

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,097

Year Built

  • Built in 1956

Lot Details

  • 1.68 Acre Lot
  • Property fronts a highway

Home Design

  • Ranch Style House
  • Concrete Foundation
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Composition Shingle

Interior Spaces

  • 1,376 Sq Ft Home
  • Entrance Foyer
  • Living Room
  • Dining Room
  • Wood Flooring
  • Crawl Space
  • Eat-In Kitchen
  • Property Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Washer Hookup

Parking

  • 1 Car Detached Garage
  • Driveway

Outdoor Features

  • Deck
  • Separate Outdoor Workshop
  • Storage Shed

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 26-5607-10080,26-5607-10260

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,097

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: HWY. 61 TO HWY. 1 - APPROX. 1 MILE TO PROPERTY ON RIGHT.
  • L O1 Office Phone1 Number: 218-226-3606
  • List Price/ Sq Ft: 100.29
  • Remodeled Addition: Yes
  • Road Maintenance: See Remarks
  • Property Sub-Type: SF/Detached
  • Tax Year: 2017
  • Twp Number: 56
  • View Type:Pond View: Typical
  • Lot Description Waterfront: No
  • Reso Association Amenities: Eat-In Kitchen, Hardwood Floors, Main Floor Laundry, Washer Hook-Ups
  • Amenities Exterior: Deck
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1376
  • Garage Type: Detached
  • Heat: Forced Air, Propane
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Living Room
  • TotalBedrooms: 3
  • Year Built: 1956
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • RoomLevel6: Main
  • Property Style: Ranch/Rambler
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Material: Concrete Block
  • Estimated Basement Sq Ft: 1376
  • Basement Style: Crawl Space
  • Bathroom 1 Level: Main
  • Bathroom Description: Full Main Floor
  • Formal Dining: Informal Dining Room
  • Fireplace: No
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Foyer
  • Bathroom 2: Kitchen
  • Main Residence Features:Family Room4: Dining Room
  • Bedroom 5: Bedroom
  • Stories: 1 Story
  • Room 6: Bedroom
  • Total Bathrooms: 1
  • Total Fin Square Footage: 1376
  • Exercise Room Level2: Main

Exterior Features

  • Out Buildings: Storage Shed, Workshop
  • Road Frontage: Highway, Paved
  • Construction Status: Previously Owned
  • Exterior: Composition

Garage/Parking

  • Parking Driveway: Driveway - Asphalt
  • Garage Capacity: 1

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: 2017-10-20
  • Estimated Lot Dimensions: 115'X494'+35'X475'
  • Estimated Number of Acres: 1.68
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 26-5607-10080,26-5607-10260

Rental Info

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

Tax Info

  • Tax Amount: 1097.16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 12, 2022
Sold by
Brion Sydney
Bought by
Nelson Bradley and Nelson Amanda
Current Estimated Value
$240,267

Purchase Details

Listed on
Sep 2, 2017
Closed on
Oct 17, 2017
Sold by
Sidwell Steven R
Bought by
Ernest Cole W
Seller's Agent
Gigi Maxwell
Legacy Real Estate Group LLC
Buyer's Agent
Deven VanHouse
CENTURY 21 Atwood
List Price
$138,000
Sold Price
$138,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.19%
Original Mortgage
$131,100
Interest Rate
3.83%
Mortgage Type
New Conventional
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
Nelson Bradley $212,000 --
Ernest Cole W $138,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ernest Cole W $131,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/19/2017 10/19/17 Sold $138,000 0.0% $100 / Sq Ft
09/06/2017 09/06/17 Pending -- -- --
09/02/2017 09/02/17 For Sale $138,000 +11.3% $100 / Sq Ft
09/23/2013 09/23/13 Sold $124,000 -8.8% $90 / Sq Ft View Prior Sale
09/01/2013 09/01/13 For Sale $135,900 -- $99 / Sq Ft
07/03/2013 07/03/13 Pending -- -- --
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 $686 $227,500 $44,000 $183,500
2024 $573 $227,500 $44,000 $183,500
2023 $529 $210,100 $40,700 $169,400
2022 $788 $184,500 $41,000 $143,500
2021 $687 $150,500 $41,000 $109,500
2020 $611 $127,600 $43,300 $84,300
2019 $600 $122,700 $41,000 $81,700
2018 $593 $122,700 $41,000 $81,700
2017 $1,069 $120,700 $39,500 $81,200
2016 $1,072 $121,700 $39,500 $82,200
2015 $1,093 $122,900 $39,700 $83,200
2014 $1,093 $0 $0 $0
2013 $373 $0 $0 $0
2012 $387 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2017

    Gigi Maxwell

    Legacy Real Estate Group LLC

    (218) 220-8729

    171 Total Sales

    Gigi Maxwell
    Section Image

  • L

    Seller Co-Listing Agent in 2017

    Lisa Fransen

    BayView Realty, LLC

  • D

    Buyer's Agent in 2017

    Deven VanHouse

    CENTURY 21 Atwood

  • P

    Seller's Agent in 2013

    Patty Payne

    Bayview Realty

  • B

    Seller Co-Listing Agent in 2013

    Barbara Hron

    Bayview Realty

See All Agents

Map

Source: Lake Superior Area REALTORS®

MLS Number: 6031238

APN: 26-5607-10080

Minnesota Lake County Silver Bay 55614

5888 Highway 1, Silver Bay, MN

This home is located at 5888 Highway 1, Silver Bay, MN 55614 since 02 September 2017 and is currently estimated at $240,267, approximately $174 per square foot. This property was built in 1956. 5888 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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