NOT LISTED FOR SALE

8427 Spring Ridge Rd Babbitt, MN 55706

Estimated Value: $242,000 - $372,000

2 Beds
1 Bath
648 Sq Ft
$510/Sq Ft Est. Value

Last Sold September 15, 2019

Last sale price $225,000 $347 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $2,034/month

40 Days on Market

About This Home

As of September 2019

Two bedroom cabin on Birch Lake. It's a rare occasion to find a cabin on this great walleye fishing lake. You can move right in and stay for the summer. Remodeled a few years ago includes newer shingles, new well and septic. 115 ft of lakeshore that ends in a quiet cove. Nice deck at the waters edge to tie up your boat or go for a swim. This is the perfect Up North get away.

Last Listed By

Elizabeth Rykken

z' Up North Realty License #40085383 Listed on: 06/27/2019

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,414

Year Built

1950

Lot Details

0

Listing Details

  • Class: Residential
  • Construction: Wood Frame
  • Heat: Electric, Baseboard
  • Irregular Lot Size: Yes
  • Lvt Date: 06/27/2019
  • Main Level Bathrooms: 1
  • Number Of Bedrooms: 2
  • Parcel Code Number: 625-0068-00180
  • Patioporch: Deck
  • Real Estate Tax: 1870.00
  • Style: One Story
  • Total Above Grade Sq Ft: 648
  • Type: Residential
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Finished Sq Ft: 648
  • Bedroom 1: Size: 11 x 13
  • Total Bathrooms: 1
  • Appliances: Electric Range, Refrigerator
  • Bedroom 2: Size: 10 x 9.5
  • Kitchen: Size: 20 x 15
  • Living Room: Size: 20 x 15
  • Main Level Bedrooms: 2
  • Main Level Sq Ft: 648

Exterior Features

  • Exterior: Wood
  • Roof: Asphalt

Utilities

  • Cooling: Ceiling Fan
  • Utilities: Septic, Well

Schools

  • School District: Babbitt-2142

Lot Info

  • Lot Size: Dimensions: 200x200
  • Number Of Acres: 1.65
  • Zoning: res

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2019
Closed on
Sep 18, 2019
Sold by
Askeland Greg and Askeland Susan
Bought by
Halverson Duane Allan and Halverson Alison Ruth
Seller's Agent
Elizabeth Rykken
z' Up North Realty
Buyer's Agent
Kim Borgeson
z' Up North Realty
List Price
$239,950
Sold Price
$225,000
Premium/Discount to List
-$14,950
-6.23%
Total Days on Market
40
Current Estimated Value
$330,566

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,566
Avg. Annual Appreciation
7.05%

Purchase Details

Closed on
Nov 27, 2006
Sold by
Hubert Lawrence E and Nickel William H
Bought by
Askeland Greg and Askeland Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Range of Values:

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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
Halverson Duane Allan $225,000 Northeast Title Company
Askeland Greg $199,900 Northeast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Askeland Gregory $152,800
Previous Owner Askeland Greg $150,000
Previous Owner Askeland Greg $156,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2019 09/15/19 Sold $225,000 -6.2% $347 / Sq Ft
08/06/2019 08/06/19 Pending -- -- --
06/27/2019 06/27/19 For Sale $239,950 -- $370 / Sq Ft
Source: Range Association of 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 $2,414 $185,600 $126,100 $59,500
2022 $1,744 $185,600 $126,100 $59,500
2021 $1,748 $140,000 $102,200 $37,800
2020 $1,770 $140,000 $102,200 $37,800
2019 $1,870 $140,000 $102,200 $37,800
2018 $1,902 $150,500 $112,700 $37,800
2017 $1,816 $150,500 $112,700 $37,800
2016 $1,788 $142,900 $106,300 $36,600
2015 $1,597 $142,900 $106,300 $36,600
2014 $1,597 $126,200 $106,300 $19,900
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2019

    Elizabeth Rykken

    z' Up North Realty

    (218) 929-0940

    24 Total Sales

    Elizabeth Rykken
    Section Image

  • K

    Buyer's Agent in 2019

    Kim Borgeson

    z' Up North Realty

    (218) 349-2479

    15 Total Sales

    Section Image
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Map

Source: Range Association of REALTORS®

MLS Number: 137596

Range Association of REALTORS®

APN: 625006800180

Minnesota St Louis County Babbitt 55706

8427 Spring Ridge Rd, Babbitt, MN

Homes for Sale in Babbitt, MN

This home is located at 8427 Spring Ridge Rd, Babbitt, MN 55706 since 27 June 2019 and is currently estimated at $330,566, approximately $510 per square foot. This property was built in 1950. 8427 Spring Ridge Rd is a home located in St. Louis County with nearby schools including Babbitt Elementary 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.

Range Association of REALTORS® 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.