NOT LISTED FOR SALE

6430 Highway 61 Silver Bay, MN 55614

Estimated Value: $492,000 - $624,000

3 Beds
2.5 Baths
1,896 Sq Ft
$295/Sq Ft Est. Value

Last Sold April 18, 2013

Last sale price $299,000 $158 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $3,260/month

395 Days on Market

Highlights

  • 200 Feet of Waterfront
  • Wheelchair Access
  • Forced Air Heating System
  • 4 Car Detached Garage
  • 1-Story Property
  • Wood Siding

About This Home

As of April 2013

PRICED TO SELL BY MOTIVATED SELLER...200 feet of easily accessible shoreline that allows for an enjoyable stroll on the beach or you can launch you boat for a day of fishing. This beautiful Lake Superior home is ready to be enjoyed by you and your family. It features many updates and has been tastefully decorated to enhance the character of the north shore. The living room has a wood burning fireplace that will warm both body and soul and adjacent is light and airy formal dining room with a panoramic view of Lake Superior. The kitchen features newer appliances, a breakfast bar and beautiful cherry hardwood cabinets a well as a Lake view. A large lake side deck is ideal for relaxing or entertaining.

Last Agent to Sell the Property

Don Seipke

Edina Realty Inc - Duluth Listed on: 02/09/2012

Last Buyer's Agent

Betsy Hanson

Edina Realty Inc - Duluth

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,864

Year Built

  • 1959

Lot Details

  • 2.25 Acre Lot
  • Lot Dimensions are 200x490
  • 200 Feet of Waterfront

Parking

  • 4 Car Detached Garage

Home Design

  • Frame Construction
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Wood Burning Fireplace

Bedrooms and Bathrooms

  • 3 Bedrooms

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Accessible Home Design

  • Wheelchair Access

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 24-5706-20795,20160,20800

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,864

Year Built

1959

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Classification: Homestead
  • Style: SF Single Family
  • Ada Features: Partially Wheelchair
  • Estimated Number of Acres: 2.25
  • Construction: Previously Owned
  • Foundation Size: 1296
  • Parcel Number: 24-5706-20795,20160,20800
  • Projected Closed Date: 04/18/2013
  • Road Between Waterfront And Home: Yes
  • Stories: 1 Story
  • Taxes With Assessments: 2191.26
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1959

Interior Features

  • Fireplace: Yes
  • Fireplace Type: Wood Burning
  • Total Bedrooms: 3
  • Total Bathrooms: 3
  • Half Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bathrooms: 3
  • Room 1: Living Room, 23x14, On Level: Main
  • Room 2: Kitchen, 14x10, On Level: Main
  • Room 3: Dining Room, 10x10, On Level: Main
  • Room 4: Master Bedroom, 14x14, On Level: Main
  • Room 5: Bedroom, 14x11, On Level: Main
  • Room 6: Bedroom, 12x11, On Level: Main
  • Room 7: 23x14, On Level: Basement
  • Room 8: Deck, 30x10, On Level: Main
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 1296
  • Below Grade Finished Sq Ft: 600
  • Total Fin Square Footage: 1896
  • Total Square Footage: 1296

Exterior Features

  • Waterfront Name: Superior
  • Construction Type: Frame/Wood
  • Exterior: Wood
  • Waterfront: Yes
  • Water Frontage: 200
  • Waterfront Description: Lake Superior

Garage/Parking

  • Garage Type: Detached
  • Garage Capacity: 4

Utilities

  • Fuel: Electric
  • Heat: Forced Air
  • Sewer: Private
  • Water: Private

Schools

  • School District: Lake Superior #381

Lot Info

  • Estimated Lot Dimensions: 200x490

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2012
Closed on
Apr 18, 2013
Sold by
Valen Kenneth A and Valen Patricia J
Bought by
Hilton B J
Seller's Agent
Don Seipke
Edina Realty Inc - Duluth
Buyer's Agent
Betsy Hanson
Edina Realty Inc - Duluth
List Price
$449,000
Sold Price
$299,000
Premium/Discount to List
-$150,000
-33.41%
Current Estimated Value
$558,601

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$259,601
Avg. Annual Appreciation
4.54%

Purchase Details

Closed on
May 25, 2012
Sold by
Ege Serine F
Bought by
Valen Kenneth A and Valen Patricia J

Purchase Details

Closed on
Oct 20, 2008
Sold by
Serine F Ege Trust
Bought by
Valen Kenneth A and Valen Patricia J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$301,235
Interest Rate
5.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Hilton B J -- None Available
Valen Kenneth A $485,000 None Available
Valen Kenneth A $485,000 Scenic Title & Abstract Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ege Serine F $301,235
Previous Owner Valen Kenneth A $285,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/18/2013 04/18/13 Sold $299,000 -33.4% $158 / Sq Ft
03/10/2013 03/10/13 Pending -- -- --
02/09/2012 02/09/12 For Sale $449,000 -- $237 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

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 $2,864 $537,200 $312,500 $224,700
2024 $1,994 $435,200 $245,400 $189,800
2023 $1,657 $437,400 $245,400 $192,000
2022 $2,835 $333,900 $210,700 $123,200
2021 $2,802 $309,800 $210,700 $99,100
2020 $2,967 $311,000 $210,700 $100,300
2019 $300 $312,400 $210,700 $101,700
2018 $2,881 $312,400 $210,700 $101,700
2017 $2,818 $296,200 $217,800 $78,400
2016 $2,855 $297,600 $217,800 $79,800
2015 $2,863 $297,700 $217,800 $79,900
2014 $2,863 $0 $0 $0
2013 $1,907 $0 $0 $0
2012 $2,052 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2013

    Don Seipke

    Edina Realty Inc - Duluth

  • B

    Buyer's Agent in 2013

    Betsy Hanson

    Edina Realty Inc - Duluth

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4221955

REALTOR® Association of Southern Minnesota

APN: 24-5706-20795

Minnesota Lake County Silver Bay 55603

6430 Highway 61, Silver Bay, MN

This home is located at 6430 Highway 61, Silver Bay, MN 55614 since 09 February 2012 and is currently estimated at $558,601, approximately $294 per square foot. This property was built in 1959. 6430 Highway 61 is a home located in Lake County with nearby schools including William Kelley Elementary School and William Kelley High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

REALTOR® Association of Southern Minnesota IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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