$285,000
SOLD JAN 13, 2025

5966 Lakewood Rd Duluth, MN 55804

3 Beds
1 Bath
1,080 Sq Ft
10 Acres

Recently Sold

$264 Per Sq Ft

4% Above List Price

3 Days on Market

Highlights

  • Ranch Style House
  • No HOA
  • Wood Frame Window
  • Lakewood Elementary School Rated 9+
  • Formal Dining Room
  • Living Room

About This Home

As of January 2025

Unwrap this golden opportunity for the holiday season! This home has so much potential just waiting for the right person to finish the dream. Three main floor bedrooms, a spacious living room, and dining area along with a sunny kitchen are all situated on the main floor. The basement has room for a bedroom or two, a recreation room and dedicated laundry space. The walls have already been insulated on the window and door side. There is even a stub for another bathroom! The compliant septic system is sized for 4 bedrooms and was installed in 2021. The current owner upgraded the heating system with all new duct work and propane furnace. Upstairs has new flooring and the house has had extensive electrical upgrades. This country living retreat is aprox. 10 mins from Lake Superior and Brighton Beach and 15 mins from downtown Duluth.

Last Agent to Sell the Property

Karen Pagel Guerndt

Real Estate Services Listed on: 12/03/2024

Last Buyer's Agent

Adam Johnson

eXp Realty, LLC- MN

eXp Realty, LLC- MN

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,052

Year Built

  • Built in 1975

Lot Details

  • 10 Acre Lot
  • Lot Dimensions are 330x1320
  • Property fronts a county road
  • Partially Fenced Property
  • Lot Has A Rolling Slope
  • Landscaped with Trees

Home Design

  • Ranch Style House
  • Poured Concrete
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 1,080 Sq Ft Home
  • Wood Frame Window
  • Living Room
  • Formal Dining Room
  • Washer and Dryer Hookup

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

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

Unfinished Basement

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

Parking

  • No Garage
  • Gravel Driveway

Outdoor Features

  • Storage Shed

Utilities

  • Forced Air Heating System
  • Heating System Uses Propane
  • Drilled Well
  • Mound Septic
  • Private Sewer

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 485-0010-05993 and 05992

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,052

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: Hwy 61 to Lakewood Rd. Home just north of Lismore Rd
  • L O1 Office Phone1 Number: 218-723-1111
  • List Price/ Sq Ft: 263.89
  • Road Maintenance: Public
  • Property Sub-Type: SF/Detached
  • Tax Year: 2024
  • Twp Number: 52
  • Lot Description Waterfront: No
  • Amenities Exterior: Fenced Yard - Partial
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1080
  • Garage Type: None
  • Heat: Forced Air, Propane
  • MainFloorBath: Yes
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Kitchen
  • TotalBedrooms: 3
  • Year Built: 1975
  • 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

  • Appliances: Dishwasher, Range/Stove, Refrigerator
  • Basement Features: Unfinished, Walkout, Washer Hook-Ups, Dryer Hook-Ups
  • Basement Material: Poured Concrete
  • Basement Style: Full
  • Bathroom Description: Full Main Floor
  • Formal Dining: Formal Dining Room
  • Fireplace: No
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Dining Room
  • Main Residence Features:Family Room4: Bedroom
  • Bedroom 5: Bedroom
  • Stories: 1 Story
  • Room 6: Bedroom
  • Total Bathrooms: 1
  • Total Fin Square Footage: 1080
  • Exercise Room Level2: Main

Exterior Features

  • Out Buildings: Storage Shed
  • Road Frontage: County
  • Construction Status: Previously Owned
  • Exterior: Wood
  • Window Features:Insulated Windows: Wood Frame

Garage/Parking

  • Parking Driveway: Driveway - Gravel

Utilities

  • Power Company: Minnesota Power
  • Sewer: Private, Mound
  • Water: Drilled

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Duluth #709
  • Junior High Dist: Duluth #709

Lot Info

  • Geo Update Timestamp: 2024-12-03
  • Estimated Lot Dimensions: 330X1320
  • Estimated Number of Acres: 10
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Tree Coverage - Medium, Rolling
  • Parcel Number: 485-0010-05993 and 05992

Rental Info

  • Lease Terms: Cash, Conventional, FHA, MHFA/WHEDA, VA DVA

Tax Info

  • Tax Amount: 2052

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 3, 2024
Closed on
Jan 13, 2025
Sold by
Norwood James and Norwood Shelene
Bought by
Miller James
Seller's Agent
Karen Pagel Guerndt
Real Estate Services
Buyer's Agent
Adam Johnson
eXp Realty, LLC- MN
List Price
$274,900
Sold Price
$285,000
Premium/Discount to List
$10,100
3.67%
Views
29
Current Estimated Value
$333,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,667
Avg. Annual Appreciation
41.96%
Original Mortgage
$270,750
Outstanding Balance
$270,026
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$63,641

Purchase Details

Listed on
Apr 29, 2021
Closed on
Aug 2, 2021
Sold by
Karakatsoulis David Fotis and Karakatsoulis Anne
Bought by
Norwood James and Norwood Shelene
Seller's Agent
Tommy Archer
Coldwell Banker Realty - Duluth
Buyer's Agent
Karen Pagel Guerndt
Real Estate Services
List Price
$253,432
Sold Price
$253,432

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.46%
Original Mortgage
$177,402
Interest Rate
2.9%
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 Type Sale Price Title Company
Warranty Deed $285,000 First American Title
Warranty Deed $253,433 First American Title Ins Co
Deed $253,400 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $270,750 New Conventional
Previous Owner $177,402 New Conventional
Closed $177,398 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/13/2025 01/13/25 Sold $285,000 +3.7% $264 / Sq Ft
12/06/2024 12/06/24 Pending -- -- --
12/03/2024 12/03/24 For Sale $274,900 +8.5% $255 / Sq Ft
08/02/2021 08/02/21 Sold $253,432 0.0% $240 / Sq Ft
05/03/2021 05/03/21 Pending -- -- --
04/29/2021 04/29/21 For Sale $253,432 -- $240 / 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
2023 $1,890 $197,700 $69,600 $128,100
2022 $1,920 $195,100 $67,000 $128,100
2021 $1,782 $167,600 $39,700 $127,900
2020 $1,834 $158,700 $36,500 $122,200
2019 $1,824 $158,700 $36,500 $122,200
2018 $1,568 $158,700 $36,500 $122,200
2017 $1,604 $149,000 $35,800 $113,200
2016 $1,430 $149,000 $33,700 $115,300
2015 $1,454 $107,300 $26,300 $81,000
2014 $1,454 $107,300 $26,300 $81,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6117179

APN: 485001005993