NOT LISTED FOR SALE

5940 Old Highway 61 Silver Bay, MN 55614

Estimated Value: $605,000 - $1,113,802

4 Beds
3 Baths
2,450 Sq Ft
$348/Sq Ft Est. Value

Last Sold February 16, 2018

Last sale price $349,900 $143 Per Sq Ft

Est. 144% increase in value since last sale

Current estimated payment $4,986/month

193 Days on Market

Highlights

  • 210 Feet of Waterfront
  • Deck
  • Traditional Architecture
  • Panoramic View
  • Recreation Room
  • Main Floor Primary Bedroom

About This Home

As of February 2018

Rare opportunity to own 200 feet of Lake Superior lakefront with accessible beach. Let your vision create the color palette and update modifications you prefer. New roof in 2014. Spring fed water supply. Tranquil, private setting, yet only six miles to Silver Bay, one hour to Duluth, and 3 1/2 hours to the Twin Cities. Walking distance to Tettagouche State Park, hiking trails and the Baptism River.

Last Agent to Sell the Property

Christine Mattila

CENTURY 21 Atwood Listed on: 04/15/2017

Co-Listed By

Dale Johnson

CENTURY 21 Atwood

Last Buyer's Agent

Jarett Mickelson

Legacy Real Estate Group LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,746

Year Built

  • Built in 1979

Lot Details

  • 1 Acre Lot
  • 210 Feet of Waterfront
  • Lake Front
  • Property fronts a county road
  • Elevated Lot
  • Street terminates at a dead end
  • Lot Has A Rolling Slope
  • Landscaped with Trees

Property Views

  • Lake
  • Panoramic

Home Design

  • Traditional Architecture
  • Concrete Foundation
  • Fire Rated Drywall
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Concrete Fiber Board Siding

Interior Spaces

  • Multi-Level Property
  • Woodwork
  • Ceiling Fan
  • Wood Burning Fireplace
  • Wood Frame Window
  • Entrance Foyer
  • Family Room
  • Living Room
  • Formal Dining Room
  • Recreation Room
  • Lower Floor Utility Room
  • Tile Flooring

Kitchen

  • Eat-In Kitchen
  • Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • Bathroom on Main Level

Laundry

  • Dryer
  • Washer

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Drainage System
  • Sump Pump
  • Fireplace in Basement
  • Bedroom in Basement
  • Recreation or Family Area in Basement
  • Finished Basement Bathroom

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Deck
  • Rain Gutters

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Water Filtration System
  • Water Not Available
  • Private Water Source
  • Oil Water Heater
  • Fuel Tank
  • Private Sewer

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 26-5607-01595

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,746

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: Highway 61 East from Silver Bay approximately 6.2 miles to intersection of Old Highway 61, property located .2 of a mile in on Old Highway 61
  • L O1 Office Phone1 Number: 218-220-0334
  • List Price/ Sq Ft: 142.82
  • Remodeled Addition: No
  • Road Maintenance: Public
  • ShorelineCharacteristics: Gravel, Hard, Rocky
  • Property Sub-Type: SF/Detached
  • Tax Year: 2017
  • Twp Number: 56N
  • View Type:Pond View: Lake Superior, Panoramic
  • Lot Description Waterfront: Yes
  • Air Conditioner: None
  • Reso Association Amenities: Ceiling Fans, Eat-In Kitchen, Garage Door Opener, Natural Woodwork, Tiled Floors, Walk-In Closet, Drywalls, Foyer Entry, Patio Door
  • Amenities Exterior: Balcony, Deck, Gutter/Downspout
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1995
  • Below Grade Finished Sq Ft: 455
  • Garage Type: Attached
  • Heat: Fireplace, Forced Air, Oil
  • New Development: No
  • Reso Roof: Asphalt Shingles
  • Room 10: Bathroom
  • Room 11: Bathroom
  • Room 12: Bathroom
  • Bedroom 3: Dining Room
  • TotalBedrooms: 4
  • Year Built: 1979
  • Level 1 Bedroom: Main
  • RoomLevel10: Main
  • RoomLevel11: Second Floor
  • RoomLevel12: Basement
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • RoomLevel6: Second Floor
  • RoomLevel7: Second Floor
  • RoomLevel8: Second Floor
  • RoomLevel9: Basement
  • Property Style: Traditional
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Appliances: Dishwasher, Dryer, Exhaust Fan/Hood, Microwave, Range/Stove, Refrigerator, Washer
  • Basement Features: Drainage System, Partially Finished, Walkout, Bath, Family/Rec Room, Fireplace, Utility Room
  • Basement Material: Concrete Block
  • Estimated Basement Sq Ft: 1330
  • Basement Style: Full
  • Bathroom 1 Level: Main
  • Level 2 Three Quarter Bathrooms: 2nd Level
  • Bathroom 3 Level: Basement
  • Bathroom Description: 3/4 Basement, Full Main Floor
  • Formal Dining: Formal Dining Room
  • Fireplace: Yes
  • Den Fireplace Type: Wood Burning
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Kitchen
  • Main Residence Features:Family Room4: Family Room
  • Bedroom 5: Bedroom
  • Stories: 1.25 - 1.75 Story
  • Room 6: Bedroom
  • Room 7: Bedroom
  • Room 8: Bedroom
  • Room 9: Rec Room
  • Total Bathrooms: 3
  • Total Fin Square Footage: 2450
  • Exercise Room Level2: Main

Exterior Features

  • Road Frontage: County, Dead End/No Outlet, Paved
  • Water Frontage In Feet: 210
  • Waterfront Name: Lake Superior
  • Construction Status: Previously Owned
  • Exterior: Fiber Board, Wood
  • Window Features:Insulated Windows: Wood Frame

Garage/Parking

  • Parking Driveway: Off Street, Driveway - Asphalt
  • Garage Capacity: 2

Utilities

  • Power Company: Coop Power & Light
  • Sewer: Private
  • Water: Private, None

Condo/Co-op/Association

  • Association Fee: No

Fee Information

  • Association Fee Includes: None

Schools

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

Lot Info

  • Geo Update Timestamp: 2018-02-21
  • Estimated Lot Dimensions: 206' x200' approx dimensions
  • Estimated Number of Acres: 1
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Accessible Shoreline, Landscaped, Tree Coverage - Medium, High, Rolling
  • Parcel Number: 26-5607-01595
  • Waterfront Type: Lake Superior

Rental Info

  • Lease Terms: Cash, Conventional, VA DVA

Tax Info

  • Tax Amount: 3745.62

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2017
Closed on
Feb 7, 2018
Sold by
Hagen Carolyn A and Michael Hagen S
Bought by
Beim Andrew H and Beim Jill D
Seller's Agent
Christine Mattila
CENTURY 21 Atwood
Buyer's Agent
Jarett Mickelson
Legacy Real Estate Group LLC
List Price
$349,900
Sold Price
$349,900
Current Estimated Value
$852,701

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$502,801
Avg. Annual Appreciation
12.23%
Original Mortgage
$279,920
Interest Rate
3.99%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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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
Beim Andrew H $349,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Beim Andrew H $444,000
Closed Beim Andrew H $279,920
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/16/2018 02/16/18 Sold $349,900 0.0% $143 / Sq Ft
10/25/2017 10/25/17 Pending -- -- --
04/15/2017 04/15/17 For Sale $349,900 -- $143 / 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 $5,798 $947,000 $441,700 $505,300
2024 $3,447 $970,300 $441,700 $528,600
2023 $3,026 $809,600 $386,900 $422,700
2022 $4,795 $668,400 $325,900 $342,500
2021 $4,335 $589,000 $298,500 $290,500
2020 $4,699 $484,800 $328,100 $156,700
2019 $4,017 $480,700 $328,100 $152,600
2018 $3,862 $480,700 $328,100 $152,600
2017 $3,746 $457,200 $300,500 $156,700
2016 $3,679 $459,400 $300,500 $158,900
2015 $3,771 $455,100 $300,500 $154,600
2014 $3,771 $0 $0 $0
2013 $3,234 $0 $0 $0
2012 $3,336 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2018

    Christine Mattila

    CENTURY 21 Atwood

    Section Image

  • D

    Seller Co-Listing Agent in 2018

    Dale Johnson

    CENTURY 21 Atwood

  • J

    Buyer's Agent in 2018

    Jarett Mickelson

    Legacy Real Estate Group LLC

    (218) 390-4010

    202 Total Sales

    Jarett Mickelson
    Section Image
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6028125

APN: 26-5607-01595

Minnesota Lake County Silver Bay 55614

5940 Old Highway 61, Silver Bay, MN

This home is located at 5940 Old Highway 61, Silver Bay, MN 55614 since 15 April 2017 and is currently estimated at $852,701, approximately $348 per square foot. This property was built in 1979. 5940 Old Highway 61 is a home located in Lake County with nearby schools including William Kelley Elementary School and William Kelley High School.

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