Seller's Agent in 2022
Eric Sams
Messina & Associates Real Estate
(218) 393-3087
389 Total Sales
5942 Elde Rd Cotton, MN 55724
Estimated Value: $447,000 - $796,000
4
Beds
3
Baths
2,293
Sq Ft
$282/Sq Ft
Est. Value
Highlights
- Boathouse
- Docks
- Spa
- Private Waterfront
- Guest House
- Sauna
About This Home
As of October 2022Are you looking for a summer retreat on a private lake with great fishing? This 4 bedroom 3 bath lake home is everything you've ever wanted and more! You will fall in love with the high quality craftsmanship throughout the property. The main house features a master suite with 3/4 bath, plenty of windows overlooking the lake, open concept living room with a 4 season sunroom used as an additional family room. The kitchen has been upgraded with granite countertops, stainless steel appliances, center island and more. The lower level has 3 additional bedrooms with plenty of sleeping space. There is an extra guest cabin with a wrap around deck just feet from the lake that sleeps 7 and over 550 square feet. Outside you will find a 2 tier deck, hot tub, sauna/boathouse on the water, a official sand volleyball court, 3 car garage and a 36x40 insulated pole building your own private boat launch and much more! All of this is on over 7 acres with access to hunting and plenty of trail riding out your back door. This property has everything you've ever wanted and more. This is a must see!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,876
Year Built
- Built in 1993
Lot Details
- 7.37 Acre Lot
- Private Waterfront
- 250 Feet of Waterfront
- Lake Front
- Property fronts a county road
- Landscaped
- Unpaved Streets
Home Design
- Split Foyer
- Concrete Foundation
- Wood Frame Construction
- Asphalt Shingled Roof
- Steel Siding
- Stone Exterior Construction
Interior Spaces
- 2-Story Property
- 3 Fireplaces
- Gas Fireplace
- Combination Dining and Living Room
- Den
- Sauna
Kitchen
- Eat-In Kitchen
- Cooktop
- Dishwasher
- Kitchen Island
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bedroom on Main
- Walk-In Closet
- Bathroom on Main Level
Laundry
- Dryer
- Washer
Finished Basement
- Walk-Out Basement
- Partial Basement
- Bedroom in Basement
- Finished Basement Bathroom
- Basement Window Egress
Parking
- 7 Car Detached Garage
- Heated Garage
- Insulated Garage
- Garage Door Opener
- Driveway
Outdoor Features
- Spa
- Boathouse
- Docks
- Deck
- Pole Barn
Utilities
- Central Air
- Dual Heating Fuel
- Geothermal Heating and Cooling
- Drilled Well
- Electric Water Heater
- Mound Septic
Additional Features
- Air Exchanger
- Guest House
- Bunk House
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 305-0010-01981
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 18, 2022
Closed on
Oct 19, 2022
Sold by
Asgaard Chad and Asgaard Tara
Bought by
Stellmaker Michael and Steelmaker Leah
Seller's Agent
Eric Sams
Messina & Associates Real Estate
Buyer's Agent
Michael Messina
Messina & Associates Real Estate
List Price
$600,000
Sold Price
$600,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,680
Avg. Annual Appreciation
2.52%
Original Mortgage
$570,000
Outstanding Balance
$549,135
Interest Rate
6.38%
Mortgage Type
New Conventional
Estimated Equity
$97,545
Purchase Details
Listed on
Jun 25, 2020
Closed on
Sep 1, 2020
Sold by
Schneider Richard S and Schneider Tevia M
Bought by
Asgaard Chad and Asgaard Tara
Seller's Agent
Eric Sams
Messina & Associates Real Estate
Buyer's Agent
Eric Sams
Messina & Associates Real Estate
List Price
$525,000
Sold Price
$525,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.47%
Original Mortgage
$446,250
Interest Rate
2.9%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 22, 2017
Sold by
Rainbell Properties Llc
Bought by
Schneider Richard S and Schneider Tevia M
Purchase Details
Closed on
Apr 15, 2016
Sold by
Schneider Richard S and Schneider Tevia M
Bought by
Rainbell Properties Llc
Purchase Details
Closed on
Jul 22, 2013
Sold by
Aalto George George
Bought by
Schneider Tevia Tevia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4.37%
Purchase Details
Closed on
Aug 13, 2002
Sold by
Matetich George R and Matetich Margo M
Bought by
Aalto George G and Aalto Sharon L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
6.4%
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Stellmaker Michael | $600,000 | Stewart Title Guaranty Company | |
| Asgaard Chad | $525,000 | North Shore Title | |
| Schneider Richard S | -- | None Available | |
| Rainbell Properties Llc | -- | Attorney | |
| Schneider Tevia Tevia | $462,000 | -- | |
| Aalto George G | $270,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Stellmaker Michael | $570,000 | |
| Previous Owner | Asgaard Chad | $446,250 | |
| Previous Owner | Schneider Tevia Tevia | $417,000 | |
| Previous Owner | Aalto George G | $216,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/19/2022 10/19/22 | Sold | $600,000 | 0.0% | $262 / Sq Ft | |
| 09/18/2022 09/18/22 | Pending | -- | -- | -- | |
| 07/18/2022 07/18/22 | For Sale | $600,000 | +14.3% | $262 / Sq Ft | |
| 09/01/2020 09/01/20 | Sold | $525,000 | 0.0% | $301 / Sq Ft | View Prior Sale |
| 06/25/2020 06/25/20 | Pending | -- | -- | -- | |
| 06/25/2020 06/25/20 | For Sale | $525,000 | -- | $301 / Sq Ft |
Source: Lake Superior Area REALTORS®
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $7,462 | $703,600 | $91,900 | $611,700 |
| 2023 | $7,462 | $634,100 | $87,800 | $546,300 |
| 2022 | $5,876 | $522,600 | $145,000 | $377,600 |
| 2021 | $5,440 | $472,100 | $131,200 | $340,900 |
| 2020 | $5,430 | $436,200 | $131,200 | $305,000 |
| 2019 | $5,390 | $422,500 | $131,200 | $291,300 |
| 2018 | $4,584 | $422,500 | $131,200 | $291,300 |
| 2017 | $4,552 | $371,300 | $127,700 | $243,600 |
| 2016 | $4,584 | $371,300 | $127,700 | $243,600 |
| 2015 | $4,475 | $371,300 | $127,700 | $243,600 |
| 2014 | $4,475 | $367,800 | $117,800 | $250,000 |
Source: Public Records
Agents Affiliated with this Home
-
Eric Sams
-
Michael Messina
Buyer's Agent in 2022
Michael Messina
Messina & Associates Real Estate
(218) 349-6455
193 Total Sales
Map
Source: Lake Superior Area REALTORS®
MLS Number: 6104322
APN: 305001001981
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