NOT LISTED FOR SALE

8378 Balsam Dr Mountain Iron, MN 55768

Estimated Value: $245,000 - $259,123

3 Beds
2.5 Baths
2,212 Sq Ft
$114/Sq Ft Est. Value

Last Sold May 30, 2024

Last sale price $220,000 $99 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $1,573/month

77 Days on Market

Highlights

  • Main Floor Primary Bedroom
  • 2 Car Attached Garage
  • Wood Siding
  • No HOA
  • Bathroom on Main Level
  • Gas Fireplace

About This Home

As of May 2024

Great location close to everything Mountain Iron and Virginia has to offer. This is a great multi level home that has something for everyone. Kitchen has a great layout, living room with a fireplace and connected to a 3 season porch. Basement with a bathroom and family room that can be setup anyway you like it. Partially fenced private yard with a few sheds for storage and an oversized 2 car attached garage.

Last Agent to Sell the Property

Tim Collelo

Tim Collelo Realty, LLC Listed on: 02/06/2024

Last Buyer's Agent

Nonmember NONMEMBER

Nonmember Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,722

Year Built

  • Built in 1976

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 110 x 105 x 110 x 57

Parking

  • 2 Car Attached Garage

Home Design

  • Tri-Level Property
  • Concrete Foundation
  • Wood Frame Construction
  • Wood Siding

Interior Spaces

  • Gas Fireplace

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Bathroom on Main Level

Basement

  • Basement Fills Entire Space Under The House
  • Recreation or Family Area in Basement
  • Finished Basement Bathroom

Utilities

  • Boiler Heating System
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 175-0012-00660

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,722

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: South on HWY 53 Left on US 169 0.8 km Turn left onto CR-7 1.0 km Turn left onto Spruce Dr 66 m Turn right onto Aspen Ln 92 m Turn left onto Balsam Dr
  • L O1 Office Phone1 Number: 218-878-0583
  • List Price/ Sq Ft: 99.46
  • Property Sub-Type: SF/Detached
  • Tax Year: 2023
  • Lot Description Waterfront: No
  • Total One Quarter Bathrooms: 1
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1972
  • Below Grade Finished Sq Ft: 240
  • Garage Type: Attached
  • Heat: Boiler, Natural Gas
  • Fireplaces: 1
  • MainFloorBath: Yes
  • TotalBedrooms: 3
  • Year Built: 1976
  • Property Style: Multi-level
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Features: Bath, Family/Rec Room
  • Basement Material: Concrete Block
  • Estimated Basement Sq Ft: 676
  • Basement Style: Full
  • Bathroom Description: Full Main Floor
  • Fireplace: Yes
  • Den Fireplace Type: Gas
  • Bedroom Features:Main Floor Bedroom: Yes
  • Stories: Tri-Level Split
  • Total Bathrooms: 3
  • Total Fin Square Footage: 2212

Exterior Features

  • Construction Status: Previously Owned
  • Exterior: Wood

Garage/Parking

  • Garage Capacity: 2

Utilities

  • Power Company: Minnesota Power
  • Sewer: City
  • Water: City

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Rock Ridge #2909
  • Junior High Dist: Rock Ridge #2909

Lot Info

  • Geo Update Timestamp: 2024-02-06
  • Estimated Lot Dimensions: 110 X 105 X 110 X 57
  • Estimated Number of Acres: 0.2
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 175-0012-00660

Tax Info

  • Tax Amount: 1722

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2024
Closed on
May 21, 2024
Sold by
Carrington Mtg Services Llc
Bought by
Carlson Carrie and Carlson Sean
Seller's Agent
Tim Collelo
Tim Collelo Realty, LLC
Buyer's Agent
Nonmember NONMEMBER
Nonmember Office
List Price
$219,900
Sold Price
$220,000
Premium/Discount to List
$100
0.05%
Views
35
Current Estimated Value
$252,781

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,781
Avg. Annual Appreciation
7.83%
Original Mortgage
$120,000
Outstanding Balance
$119,023
Interest Rate
7.17%
Mortgage Type
New Conventional
Estimated Equity
$122,001

Purchase Details

Closed on
Nov 9, 2023
Sold by
Secretary Of Veterans Affairs
Bought by
Carrington Mortgage Services Llc

Purchase Details

Closed on
Feb 22, 2023
Sold by
Carrington Mortgage Services Llc
Bought by
Secretary Of Veterans Affairs
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
Carlson Carrie $220,000 None Listed On Document
Carrington Mortgage Services Llc -- None Listed On Document
Secretary Of Veterans Affairs $3,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carlson Carrie $120,000
Previous Owner Korpela Henry R $220,000
Previous Owner Korpela Henry R $184,500
Previous Owner Korpela Henry R $166,500
Previous Owner Korpela Lyndah T $145,086
Previous Owner Korpela Lyndah T $128,000
Previous Owner Korpela Henry R $152,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2024 05/30/24 Sold $220,000 0.0% $99 / Sq Ft
04/23/2024 04/23/24 Pending -- -- --
02/06/2024 02/06/24 For Sale $219,900 -- $99 / 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 $2,264 $253,400 $17,700 $235,700
2022 $2,364 $235,800 $17,700 $218,100
2021 $1,974 $204,700 $16,100 $188,600
2020 $2,048 $192,900 $16,100 $176,800
2019 $2,168 $192,700 $16,100 $176,600
2018 $1,964 $192,700 $16,100 $176,600
2017 $1,852 $192,700 $16,100 $176,600
2016 $1,706 $183,800 $16,100 $167,700
2015 $1,914 $164,000 $14,500 $149,500
2014 $1,914 $159,700 $14,400 $145,300
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2024

    Tim Collelo

    Tim Collelo Realty, LLC

    (218) 878-0583

    1 in this area

    171 Total Sales

    Section Image

  • N

    Buyer's Agent in 2024

    Nonmember NONMEMBER

    Nonmember Office

See All Agents

Map

Source: Lake Superior Area REALTORS®

MLS Number: 6112173

APN: 175001200660

Minnesota St Louis County Mountain Iron 55768

8378 Balsam Dr, Mountain Iron, MN

This home is located at 8378 Balsam Dr, Mountain Iron, MN 55768 since 06 February 2024 and is currently estimated at $252,781, approximately $114 per square foot. This property was built in 1976. 8378 Balsam Dr is a home located in St. Louis County with nearby schools including Merritt Elementary School and Mountain Iron-Buhl Secondary 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.

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