NOT LISTED FOR SALE

8914 Raps Rd Unit Lake Vermilion Cook, MN 55723

Estimated Value: $852,000 - $1,039,000

5 Beds
6.5 Baths
3,531 Sq Ft
$260/Sq Ft Est. Value

Last Sold November 09, 2018

Last sale price $700,000 $198 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $5,644/month

575 Days on Market

Highlights

  • Private Waterfront
  • Deck
  • Main Floor Primary Bedroom
  • Lake View
  • Contemporary Architecture
  • Formal Dining Room

About This Home

As of November 2018

This "Idyllic" setting on Lake Vermilion is a superior Vacation Rental. Sleeps 24 and receives up to $7500/week! All 6 BR have private baths, 5 BR with private entrances, 2 BR with wood burning fireplaces. Multiple decks, gourmet kitchen with SS appliances, dble front loading washers and dryers, ice maker, and Great Room with an antique 1923 historical boat! A unique attraction and conversation piece! South facing, towering pines, 2.6 private acres, wet boathouse, sauna at water's edge, separate game room with Bath, pole building, privacy gate, plus more! Sold completely furnished plus 2014 24' Premier triple pontoon, 2014 G4 Fishing Boat, kayaks, canoes, etc making this a desirable investment property. Excellent rental history with 5 star reviews! Reservations for 2018 included! Conditional Use Permit to operate as a B&B included. Call for details! FANTASTIC VRBO RENTAL!

Last Agent to Sell the Property

Barbara Hegg

Vermilion Land Office, Inc Listed on: 02/16/2017

Last Buyer's Agent

Barbara Hegg

Vermilion Land Office, Inc Listed on: 02/16/2017

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,856

Year Built

  • Built in 1985

Lot Details

  • 2.6 Acre Lot
  • Lot Dimensions are 1156x100
  • Private Waterfront
  • 100 Feet of Waterfront
  • Lake Front
  • Property fronts a private road
  • Property fronts a county road
  • Landscaped
  • Few Trees

Parking

  • 6 Car Detached Garage

Home Design

  • Contemporary Architecture
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 3,531 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Family Room
  • Living Room
  • Formal Dining Room
  • Lake Views

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Trash Compactor

Bedrooms and Bathrooms

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

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Deck

Utilities

  • Dual Heating Fuel
  • Baseboard Heating
  • Private Water Source
  • Electric Water Heater
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number 250-0055-00120

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,856

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Cook, go North on Hwy 24 (Vermilion Drive) just past "The Landing" restaurant to Raps Road. East on Raps Road 1.3 miles to #8914 on right.
  • L O1 Office Phone1 Number: 218-753-8985
  • List Price/ Sq Ft: 198.24
  • Road Maintenance: Private, Public
  • Property Sub-Type: SF/Detached
  • Tax Year: 2017
  • Twp Number: 63
  • View Type:Pond View: Inland Lake
  • Lot Description Waterfront: Yes
  • Reso Association Amenities: Main Floor Laundry
  • Amenities Exterior: Deck
  • Half Bathrooms: 1
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 3531
  • Garage Type: Detached
  • Heat: Baseboard, Dual Fuel/Off Peak, Electric
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Kitchen
  • TotalBedrooms: 5
  • Year Built: 1985
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • RoomLevel6: Upper
  • RoomLevel7: Upper
  • RoomLevel8: Upper
  • Property Style: Contemporary
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Stove, Refrigerator, Trash Compactor, Washer
  • Basement Material: N/A
  • Estimated Basement Sq Ft: 1766
  • Basement Style: None
  • Bathroom 1 Level: 4
  • Level 2 Three Quarter Bathrooms: 3
  • Bathroom Description: Full Master, 1/2 Main Floor
  • Formal Dining: Formal Dining Room, Informal Dining Room
  • Extra Rooms: Family/Rec
  • 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: Bedroom
  • Bedroom 5: Master Bedroom
  • Stories: 2 Story
  • Room 6: Bedroom
  • Room 7: Bedroom
  • Room 8: Bedroom
  • Total Bathrooms: 7
  • Total Fin Square Footage: 3531
  • Exercise Room Level2: Main

Exterior Features

  • Road Frontage: County, Paved, Private
  • Waterfront Access: Private
  • Water Frontage In Feet: 100
  • Waterfront Name: Vermilion
  • Construction Status: Previously Owned
  • Exterior: Wood

Garage/Parking

  • Garage Capacity: 6

Utilities

  • Power Company: Lake Country Power
  • Sewer: Private
  • Water: Private

Schools

  • School District: St. Louis County #2142
  • Junior High Dist: St. Louis County #2142

Lot Info

  • Geo Update Timestamp: 2018-02-26
  • Estimated Lot Dimensions: 1156x100
  • Estimated Number of Acres: 2.6
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Accessible Shoreline, Landscaped, Tree Coverage - Light, BWCA Area
  • Parcel Number: 250-0055-00120
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Contract for Deed, Conventional

Tax Info

  • Tax Amount: 6856

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 1, 2024
Sold by
Icece 2 Llc
Bought by
Beer David G and Beer Julie Kaye
Current Estimated Value
$917,761

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$636,000
Outstanding Balance
$627,292
Interest Rate
4.92%
Mortgage Type
New Conventional
Estimated Equity
$290,469

Purchase Details

Listed on
Feb 16, 2017
Closed on
Nov 9, 2018
Sold by
Seaton Anthony L
Bought by
Icece2 Llc
Seller's Agent
Barbara Hegg
Vermilion Land Office, Inc
Buyer's Agent
Barbara Hegg
Vermilion Land Office, Inc
List Price
$700,000
Sold Price
$700,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.99%
Original Mortgage
$560,000
Interest Rate
5.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 21, 2011
Sold by
Clay Timothy C and Clay Christy W
Bought by
Seaton Anthony L

Purchase Details

Closed on
Nov 3, 2005
Sold by
Djw Properties Llc
Bought by
Clay Timothy C and Clay Christy W

Purchase Details

Closed on
Oct 11, 2001
Sold by
Lundblad Charles D and Lundblad Robin C
Bought by
D J W Properties Llc

Purchase Details

Closed on
Apr 20, 2001
Sold by
Lundblad Charles D and Lundblad Robin C
Bought by
Bankers Trust Company

Purchase Details

Closed on
Jan 24, 2001
Sold by
Lundblad Charles D and Lundblad Robin C
Bought by
The Bank Of New York
Source: Public Records

Range of Values:

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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
Beer David G $795,000 All American Title
Icece2 Llc $700,000 None Available
Seaton Anthony L $465,000 None Available
Clay Timothy C $750,000 --
D J W Properties Llc $275,500 --
Bankers Trust Company $189,309 --
The Bank Of New York $16,755 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Beer David G $636,000
Previous Owner Icece2 Llc $560,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/09/2018 11/09/18 Sold $700,000 0.0% $198 / Sq Ft
09/14/2018 09/14/18 Pending -- -- --
02/16/2017 02/16/17 For Sale $700,000 -- $198 / 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 $9,102 $776,500 $191,600 $584,900
2022 $9,446 $598,500 $166,200 $432,300
2021 $6,240 $520,200 $143,300 $376,900
2020 $6,376 $496,000 $143,300 $352,700
2019 $6,976 $496,000 $143,300 $352,700
2018 $0 $537,600 $149,100 $388,500
2016 $7,126 $487,200 $139,000 $348,200
2015 $7,365 $487,200 $139,000 $348,200
2014 $7,365 $499,900 $138,900 $361,000
Source: Public Records

Agents Affiliated with this Home

  • Barbara Hegg

    Seller's Agent in 2018

    Barbara Hegg

    Vermilion Land Office, Inc

    (218) 742-2369

    197 Total Sales

    Barbara Hegg
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6026946

APN: 250005500120

Minnesota St Louis County Cook 55710

8914 Raps Rd Unit Lake Vermilion, Cook, MN

This home is located at 8914 Raps Rd Unit Lake Vermilion, Cook, MN 55723 since 16 February 2017 and is currently estimated at $917,761, approximately $259 per square foot. This property was built in 1985. 8914 Raps Rd Unit Lake Vermilion is a home located in St. Louis County with nearby schools including North Woods Elementary School.

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