NOT LISTED FOR SALE

8788 Mud Lake Rd Mountain Iron, MN 55768

Estimated Value: $239,852 - $338,000

5 Beds
1.5 Baths
3,060 Sq Ft
$93/Sq Ft Est. Value

Last Sold June 28, 2019

Last sale price $153,000 $50 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $1,638/month

43 Days on Market

Highlights

  • 2 Car Detached Garage
  • Bathroom on Main Level
  • Baseboard Heating
  • Living Room
  • Dining Room
  • 2-minute walk to Mt. Iron Recreation Complex

About This Home

As of June 2019

You will fall in love with this 5 BR home with 2 bathrooms and a 2 stall garage with lean to all on an oversized lot just outside of town so you feel like you are living in the country! Completely remodeled from top to bottom, large bedrooms, this is HOME. Call for your tour today.

Last Agent to Sell the Property

Darcie Novak

My Place Realty, Inc. Listed on: 04/17/2019

Last Buyer's Agent

Nonmember NONMEMBER

Nonmember Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,766

Year Built

  • Built in 1950

Lot Details

  • Lot Dimensions are 120x70

Parking

  • 2 Car Detached Garage

Home Design

  • Concrete Foundation
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • Multi-Level Property
  • Living Room
  • Dining Room
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Bathroom on Main Level

Utilities

  • No Cooling
  • Baseboard Heating
  • Hot Water Heating System

Listing and Financial Details

  • Assessor Parcel Number 175005600080

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,766

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Virginia head West on Hwy 169 toward Mt. Iron. Turn left on McInnes Rd, continue onto Mud Lake Rd, and home is on the left.
  • L O1 Office Phone1 Number: 218-276-5495
  • Property Sub-Type: SF/Detached
  • Tax Year: 2018
  • Lot Description Waterfront: No
  • Air Conditioner: None
  • Half Bathrooms: 1
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 2295
  • Below Grade Finished Sq Ft: 765
  • Garage Type: Detached
  • Heat: Baseboard, Hot Water
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Kitchen
  • TotalBedrooms: 5
  • Year Built: 1950
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Upper
  • RoomLevel5: Upper
  • RoomLevel6: Upper
  • RoomLevel7: Upper
  • Property Style: Multi-level
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Material: Concrete Block
  • Basement Style: Full
  • Bathroom 1 Level: Main
  • Level 2 Three Quarter Bathrooms: Upper
  • Bathroom Description: Full Main Floor
  • Fireplace: No
  • Bedroom Features:Main Floor Bedroom: No
  • Bathroom 1: Living Room
  • Bathroom 2: Dining Room
  • Main Residence Features:Family Room4: Bedroom
  • Bedroom 5: Bedroom
  • Stories: 2.25 - 2.75 Story
  • Room 6: Bedroom
  • Room 7: Bedroom
  • Room 8: Bedroom
  • Total Bathrooms: 2
  • Total Fin Square Footage: 3060

Exterior Features

  • Construction Status: Previously Owned
  • Exterior: Vinyl

Garage/Parking

  • Garage Capacity: 2

Utilities

  • Power Company: Other
  • Sewer: City
  • Water: City

Schools

  • Junior High Dist: Mt. Iron-Buhl #712

Lot Info

  • Estimated Lot Dimensions: 120x70
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 175005600080

Tax Info

  • Tax Amount: 1766

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2019
Closed on
Jun 28, 2019
Sold by
Carter Unlimited Llc
Bought by
Loewen Cody M
Seller's Agent
Darcie Novak
My Place Realty, Inc.
Buyer's Agent
Nonmember NONMEMBER
Nonmember Office
List Price
$153,000
Sold Price
$153,000
Current Estimated Value
$284,213

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$131,213
Avg. Annual Appreciation
9.90%
Original Mortgage
$145,350
Outstanding Balance
$127,539
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$156,674

Purchase Details

Listed on
Feb 15, 2018
Closed on
Jul 2, 2018
Sold by
Carter Brandin and Carter Jessica
Bought by
Carter Unlimited Llc
Seller's Agent
Charlie Erjavec
Find It Fast
Buyer's Agent
Stephanie Jha
Find It Fast
List Price
$50,000
Sold Price
$38,000
Premium/Discount to List
-$12,000
-24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
263.16%
Original Mortgage
$85,000
Interest Rate
4.4%
Mortgage Type
Construction

Purchase Details

Listed on
Feb 15, 2018
Closed on
May 24, 2018
Sold by
The Secretary Of Hud
Bought by
Carter Brandn and Carter Jesslca
Seller's Agent
Charlie Erjavec
Find It Fast
Buyer's Agent
Stephanie Jha
Find It Fast
List Price
$50,000
Sold Price
$38,000
Premium/Discount to List
-$12,000
-24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
4.4%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 14, 2016
Sold by
Lakeview Loan Servicing Llc
Bought by
The Secretary Of Housing And Urban Devel

Purchase Details

Closed on
Mar 29, 2016
Sold by
Niemi Robert
Bought by
Lakeview Loan Servicing Llc

Purchase Details

Closed on
Oct 22, 2004
Sold by
Nordman Helen M and Koski Florence
Bought by
Niemi Robert M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,500
Interest Rate
9.2%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Loewen Cody M $153,000 Northeast Title Company
Carter Unlimited Llc -- All American Title Company
Carter Brandn -- None Available
The Secretary Of Housing And Urban Devel -- None Available
Lakeview Loan Servicing Llc $89,338 Attorney
Niemi Robert M $53,500 Consolidated Title & Abstrac
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Loewen Cody M $145,350
Previous Owner Carter Brandn $85,000
Previous Owner Niemi Robert M $43,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/28/2019 06/28/19 Sold $153,000 0.0% $50 / Sq Ft
05/30/2019 05/30/19 Pending -- -- --
04/17/2019 04/17/19 For Sale $153,000 +302.6% $50 / Sq Ft
05/28/2018 05/28/18 Sold $38,000 -13.6% $17 / Sq Ft View Prior Sale
04/13/2018 04/13/18 Pending -- -- --
04/03/2018 04/03/18 Price Changed $44,000 -12.0% $19 / Sq Ft
02/15/2018 02/15/18 For Sale $50,000 -- $22 / 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 $2,006 $233,200 $15,500 $217,700
2023 $2,006 $228,800 $15,500 $213,300
2022 $1,750 $213,700 $15,500 $198,200
2021 $1,742 $176,600 $13,800 $162,800
2020 $1,514 $176,600 $13,800 $162,800
2019 $1,912 $156,500 $13,800 $142,700
2018 $1,766 $134,700 $13,800 $120,900
2017 $1,074 $134,700 $13,800 $120,900
2016 $980 $129,300 $13,800 $115,500
2015 $951 $92,700 $8,200 $84,500
2014 $951 $89,700 $8,100 $81,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6081994

APN: 175005600080