NOT LISTED FOR SALE

7023 W Van Rd Duluth, MN 55803

Estimated Value: $299,174

3.56 Acres
$84,038 Price per Acre
155,074 Sq Ft Lot

Last Sold March 13, 2023

Last sale price $300,000 $391 Per Sq Ft

Current estimated payment $1,963/month

118 Days on Market

Highlights

  • Private Waterfront
  • Docks
  • Corner Lot
  • Homecroft Elementary School Rated A-
  • Panoramic View
  • Landscaped with Trees

About This Lot

As of March 2023

After 30 years the Seller of this breathtaking Island Lake lot has decided to pass the torch. Their decision is now your opportunity to stake claim on an ideal parcel on the areas favorite inland lake west of Lake Superior. Locals and nonlocals know how coveted Island Lake Reservoir is! After decades leaseholder finally get to purchase the lots they have been leasing & loving for years. A 15 min drive north of Duluth, it boasts 8,000 sq. ft. of water, w/depths as deep as 94 ft & over 116 miles of shoreline. Island Lake is known for its expansiveness of offering good fishing, outstanding year round recreation all while being tucked away in northern Minnesota's wilderness. If you like lake life, this is the place w/easy access off paved Hwy 4, its close to the lakes only two restaurants & public launches. The lot speaks for itself, slightly tucked away in the nook of a bay the shoreline has a sandy beachfront that gradually increases in elevation to a sunset facing overlook perfect for that dream house or cozy cabin. This peak is high enough to enjoy a panoramic view, but slight enough to make it only 10 easy steps down to the dock. The land has a slight roll, a beautiful maple canopy around the current building site & it's own access down to the shoreline to launch watercrafts, put docks in/out & enjoy a beachside bonfire. The lakeside of the lot is spectacular, but just across the W. Van Road this 3.56 acre parcel also has a large wooded area full of opportunity. Picture a pole building, a guest cabin, parking space for toy storage & even hunting. The property isn't completely unimproved. There is an older 2 car garage, a garden shed & 3-story shell of a house full of building supplies. The Seller didn't finish their vision for the place, but it doesn't mean you can't. Either work with what's there or teardown & start anew. No well or septic to work around either. Truly have a blank canvas. Being sold "AS IS". Buyers are also required to sign a purchase agreement to purchase the land from MN Power. Contact Agent for buyout details.

Last Agent to Sell the Property

Kimberly Powell

Messina & Associates Real Estate Listed on: 10/19/2022

Last Buyer's Agent

Carol Carlson

Messina & Associates Real Estate

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,332

Lot Details

  • 3.56 Acre Lot
  • Private Waterfront
  • 205 Feet of Waterfront
  • Lake Front
  • Property fronts a private road
  • Elevated Lot
  • Street terminates at a dead end
  • Corner Lot
  • Irregular Lot
  • Lot Has A Rolling Slope
  • Unpaved Streets
  • Landscaped with Trees
  • Land Lease of $3,425

HOA Fees

  • $26 Monthly HOA Fees

Parking

  • Gravel Driveway

Property Views

  • Lake
  • Panoramic

Utilities

  • Phone Available
  • Satellite Dish

Community Details

Recreation

  • Docks
  • Storage Shed

Property Details

Property Type

Land

Est. Annual Taxes

$2,332

Lot Details

0

HOA Fees

$26 per month

Listing Details

  • Class: LOT/LAND
  • Directions: Hwy 4(Rice Lake Road) to W Van Road.
  • InternetOptions: Satellite, Mobile Hotspot
  • Waterfront Info Lake Maximum Depth: 94
  • L O1 Office Phone1 Number: 218-728-4436
  • LotLeaseAmount: 3425
  • List Price/ Sq Ft: 84269.66
  • PropAdjoinsPublicLand: No
  • RdBtwnWtrfrnt: No
  • Road Maintenance: Association
  • ShorelineCharacteristics: Sand, Elevation-Low, Shore-Beach
  • Property Sub-Type: Residential
  • Tax Year: 2022
  • View Type:Pond View: Inland Lake, Panoramic
  • Lot Description Waterfront: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • LakeAcres: 8000
  • Out Buildings: Storage Shed, Other Bldngs
  • Road Frontage: Dead End/No Outlet, Unpaved, Private
  • Waterfront Access: Private
  • Water Frontage In Feet: 205
  • Waterfront Name: Island

Garage/Parking

  • Parking Driveway: Driveway - Gravel

Utilities

  • Available Utilities: Electric, Telephone
  • On Site Utilities: Electric, Telephone
  • Power Company: Minnesota Power

Condo/Co-op/Association

  • Association Fee: Yes
  • Association Fee Frequency: Yearly

Association/Amenities

  • FeesAssociationFeeAmount: 312

Schools

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

Lot Info

  • Geo Update Timestamp: 2022-10-20
  • Estimated Lot Dimensions: Irregular
  • Estimated Number of Acres: 3.56
  • Cultivated Acreage: LSAR
  • Builder Restrictions: None
  • Geo Subdivision: MN
  • Improvements: Dock, Survey Stakes
  • Land Improvements: Yes
  • Lot Description: Accessible Shoreline, Corner Lot, Irregular Lot, Tree Coverage - Medium, High, Rolling
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 2331.5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2022
Closed on
Mar 13, 2023
Sold by
Allete Inc
Bought by
10 Mabc Llc
Seller's Agent
Kimberly Powell
Messina & Associates Real Estate
Buyer's Agent
Carol Carlson
Messina & Associates Real Estate
List Price
$300,000
Sold Price
$300,000
Current Estimated Value
$299,174

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$826
Original Mortgage
$240,000
Interest Rate
6.6%
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 Buyer Sale Price Title Company
10 Mabc Llc $137,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed 10 Mabc Portfolio Llc $240,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/13/2023 03/13/23 Sold $300,000 0.0% $391 / Sq Ft
02/14/2023 02/14/23 Pending -- -- --
10/19/2022 10/19/22 For Sale $300,000 -9.8% $391 / Sq Ft
08/08/2014 08/08/14 Sold $332,500 -11.3% $132 / Sq Ft
04/07/2014 04/07/14 Pending -- -- --
02/14/2014 02/14/14 For Sale $375,000 -- $149 / 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
2021 $2,246 $184,200 $137,000 $47,200
2020 $2,316 $178,700 $135,500 $43,200
2019 $2,294 $178,700 $135,500 $43,200
2018 $2,264 $178,700 $135,500 $43,200
2017 $2,290 $178,700 $135,500 $43,200
2016 $2,278 $178,700 $135,500 $43,200
2015 $2,403 $178,100 $135,500 $42,600
2014 $2,403 $178,100 $135,500 $42,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6106049

APN: 375600007115