NOT LISTED FOR SALE

7181 W Highway 61 Tofte, MN 55615

Estimated Value: $285,318 - $540,000

3 Beds
1 Bath
1,096 Sq Ft
$360/Sq Ft Est. Value

Last Sold August 06, 2020

Last sale price $185,000 $169 Per Sq Ft

Est. 144% increase in value since last sale

Current estimated payment $2,636/month

202 Days on Market

Highlights

  • Traditional Architecture
  • Bathroom on Main Level
  • Forced Air Heating System
  • Living Room
  • 1-Story Property
  • Dining Room

About This Home

As of August 2020

All the charm of the 1930's with all of the modern conveniences one could want. The current owner put so much TLC into the home since purchased such as a brand new bathroom, newer appliances, a new set of steps to the upper part of the lot (which overlooks its own waterfall!), fireplace improvements, improved/repaired chimney, a new fenced-in area, incredible gardens. The hardwood floors are gorgeous, the layout is ideal and the overall feel is nothing short of cozy and calm. The Lake Superior views are astounding, there is access to the public shoreline just across the road and access to dining, shopping and hiking/biking is right outside the door.

Last Agent to Sell the Property

Linda Garrity

Songbird Realty MN Listed on: 12/28/2019

Co-Listed By

Jessica Smith

Red Pine Realty

Last Buyer's Agent

Eric Frost

Coldwell Banker North Shore

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,790

Year Built

  • Built in 1937

Lot Details

  • 1.22 Acre Lot
  • Lot Dimensions are 200 x 215

Parking

  • No Garage

Home Design

  • Traditional Architecture
  • Concrete Foundation
  • Wood Frame Construction
  • Vinyl Siding

Interior Spaces

  • 1,096 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Living Room
  • Dining Room
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level
  • 1 Bathroom

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 25-060-0095

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,790

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: Hwy. 61 in Tofte, across the road from Bluefin. Public shoreline to Lake Superior is just across the highway.
  • L O1 Office Phone1 Number: 218-387-9599
  • List Price/ Sq Ft: 168.8
  • Property Sub-Type: SF/Detached
  • Tax Year: 2020
  • Lot Description Waterfront: No
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1096
  • Garage Type: None
  • Heat: Forced Air, Propane
  • Fireplaces: 1
  • MainFloorBath: Yes
  • Bedroom 3: Kitchen
  • TotalBedrooms: 3
  • Year Built: 1937
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • RoomLevel6: Main
  • RoomLevel7: Main
  • Property Style: Traditional
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Bathroom Description: 3/4 Main Floor
  • Fireplace: Yes
  • Den Fireplace Type: Wood Burning
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Dining Room
  • Main Residence Features:Family Room4: Other
  • Bedroom 5: Bedroom
  • Stories: 1 Story
  • Room 6: Bedroom
  • Room 7: Bedroom
  • Total Bathrooms: 1
  • Total Fin Square Footage: 1096
  • Exercise Room Level2: Main

Exterior Features

  • Construction Status: Previously Owned
  • Exterior: Vinyl

Utilities

  • Power Company: Arrowhead Electric
  • Sewer: Private
  • Water: Private

Schools

  • School District: Cook County #166
  • Junior High Dist: Cook County #166

Lot Info

  • Geo Update Timestamp: 2019-12-28
  • Estimated Lot Dimensions: 200 x 215
  • Estimated Number of Acres: 1.22
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 25-060-0095

Tax Info

  • Tax Amount: 1790

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 28, 2019
Closed on
Aug 6, 2020
Seller's Agent
Linda Garrity
Songbird Realty MN
Buyer's Agent
Eric Frost
Coldwell Banker North Shore
List Price
$185,000
Sold Price
$185,000
Current Estimated Value
$450,483

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$265,483
Avg. Annual Appreciation
19.76%
Original Mortgage
$135,000
Outstanding Balance
$120,303
Interest Rate
2.88%
Estimated Equity
$336,225

Purchase Details

Closed on
Oct 2, 2015
Sold by
Schwebel James James
Bought by
Skibbe Katharine
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
-- $145,000 --
Skibbe Katharine $110,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open -- $135,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/06/2020 08/06/20 Sold $185,000 0.0% $169 / Sq Ft
07/17/2020 07/17/20 Pending -- -- --
12/28/2019 12/28/19 For Sale $185,000 -- $169 / 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
2024 $2,022 $291,100 $87,900 $203,200
2023 $17 $254,200 $67,500 $186,700
2022 $1,738 $240,800 $67,500 $173,300
2021 $2,574 $177,500 $47,500 $130,000
2020 $1,790 $243,300 $65,500 $177,800
2019 $1,514 $176,800 $47,700 $129,100
2018 $1,470 $145,500 $47,700 $97,800
2017 $1,450 $145,500 $47,700 $97,800
2016 $1,272 $151,900 $44,700 $107,200
2015 $1,180 $161,100 $53,900 $107,200
2014 $1,110 $161,100 $53,900 $107,200
2012 -- $161,100 $53,900 $107,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6087734

APN: 25-060-0095