NOT LISTED FOR SALE

5997 Highway 61 Silver Bay, MN 55614

Estimated Value: $454,000 - $708,469

2 Beds
1 Bath
1,166 Sq Ft
$484/Sq Ft Est. Value

About This Home

This home is located at 5997 Highway 61, Silver Bay, MN 55614 and is currently estimated at $564,117, approximately $483 per square foot. 5997 Highway 61 is a home located in Lake County with nearby schools including William Kelley Elementary School and William Kelley High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 6, 2019
Sold by
Paine Douglas C
Bought by
Hoffman Nathan and Hoffman Angela
Current Estimated Value
$574,859

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
4%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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Average Value
Not Available
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
Hoffman Nathan $310,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hoffman Nathan $191,000
Closed Hoffman Nathan $192,000
Previous Owner Paine Douglas C $101,700
Previous Owner Paine Douglas C $89,103
Source: Public Records

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
2024 $2,304 $505,600 $247,100 $258,500
2023 $2,294 $445,300 $209,500 $235,800
2022 $3,342 $401,200 $193,100 $208,100
2021 $5,399 $326,600 $193,100 $133,500
2020 $2,198 $241,924 $127,124 $114,800
2019 $218 $193,524 $127,124 $66,400
2018 $1,794 $243,100 $127,100 $116,000
2017 $1,738 $243,200 $127,100 $116,100
2016 $1,732 $244,400 $127,100 $117,300
2015 $1,784 $245,500 $128,100 $117,400
2014 $1,784 $0 $0 $0
2013 $1,510 $0 $0 $0
2012 $1,615 $0 $0 $0
Source: Public Records

Map

Minnesota Lake County Silver Bay 55614

5997 Highway 61, Silver Bay, MN

This home is located at 5997 Highway 61, Silver Bay, MN 55614 and is currently estimated at $564,117, approximately $483 per square foot. 5997 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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