NOT LISTED FOR SALE

8931 Pequaywan Lake Rd Duluth, MN 55803

Estimated Value: $245,000 - $361,000

1 Bed
0.5 Bath
450 Sq Ft
$616/Sq Ft Est. Value

Last Sold July 29, 2022

Last sale price $225,000 $500 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $1,634/month

24 Days on Market

Highlights

  • Private Waterfront
  • Lake View
  • No HOA
  • Docks
  • Main Floor Primary Bedroom
  • Wood Frame Window

About This Home

As of July 2022

After 6 solid months of winter, it's time to leave your hovel and come take a look at this Northwoods cabin that checks all the boxes. The cabin sits just feet from the water's edge and is on private land on a private lake with its own private boat launch. Sand point well, 1/2 bath, and a grey water holding tank. The property has 3 lots and the back lot has been cleared for future building of a bunkhouse. Enjoy one of Northern Minnesota's finest lakes!

Last Agent to Sell the Property

Kevin O'Brien

Messina & Associates Real Estate Listed on: 04/29/2022

Last Buyer's Agent

Brenna Fahlin

Messina & Associates Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,540

Year Built

  • Built in 1930

Lot Details

  • 1.76 Acre Lot
  • Lot Dimensions are 156x370
  • Private Waterfront
  • 156 Feet of Waterfront
  • Lake Front
  • Property fronts a county road
  • Many Trees

Home Design

  • Cabin
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 450 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Vinyl Clad Windows
  • Wood Frame Window
  • Living Room
  • Combination Kitchen and Dining Room
  • Lake Views
  • Fireplace in Basement

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • Bathroom on Main Level
  • 0.5 Bathroom

Parking

  • No Garage
  • Gravel Driveway

Outdoor Features

  • Docks

Utilities

  • Baseboard Heating
  • Sand Point Well
  • Electric Water Heater
  • Sewer Holding Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 502-0020-02790/02800+502-0026-00050

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,540

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: Pequaywan Lake Rd to property. Shared driveway, last cabin on the end.
  • Waterfront Info Lake Maximum Depth: 51
  • L O1 Office Phone1 Number: 218-728-4436
  • List Price/ Sq Ft: 500
  • Road Maintenance: Public
  • Property Sub-Type: Seasonal
  • Tax Year: 2022
  • Twp Number: 54
  • View Type:Pond View: Inland Lake
  • Lot Description Waterfront: Yes
  • Amenities Exterior: Dock
  • Half Bathrooms: 1
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 450
  • Garage Type: None
  • Heat: Baseboard, Electric
  • Fireplaces: 1
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Bedroom
  • TotalBedrooms: 1
  • Year Built: 1930
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • Property Style: Rustic Cabin
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Features: Fireplace
  • Basement Material: N/A
  • Basement Style: None
  • Bathroom Description: 1/2 Main Floor
  • Formal Dining: Combine with Kitchen
  • Fireplace: Yes
  • Den Fireplace Type: Gas
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Kitchen
  • Stories: 1 Story
  • Total Bathrooms: 1
  • Total Fin Square Footage: 450
  • Exercise Room Level2: Main

Exterior Features

  • Road Frontage: County, Paved
  • Waterfront Access: Private
  • Water Frontage In Feet: 156
  • Waterfront Name: Smith
  • Construction Status: Previously Owned
  • Exterior: Wood
  • Window Features:Insulated Windows: Vinyl Frame, Wood Frame

Garage/Parking

  • Parking Driveway: Driveway - Gravel

Utilities

  • Power Company: Minnesota Power
  • Sewer: Holding Tank
  • Water: Sand Point

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Lake Superior #381
  • Junior High Dist: Lake Superior #381

Lot Info

  • Geo Update Timestamp: 2022-04-29
  • Estimated Lot Dimensions: 156x370
  • Estimated Number of Acres: 1.76
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Accessible Shoreline, Tree Coverage - Heavy
  • Parcel Number: 502-0020-02790/02800+502-0026-00050
  • Waterfront Type: Inland Lake

Tax Info

  • Tax Amount: 1540

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2022
Closed on
Jul 29, 2022
Sold by
Booker Jorgen W
Bought by
Aulie Jason and Aulie Roberta
Seller's Agent
Kevin O'Brien
Messina & Associates Real Estate
Buyer's Agent
Brenna Fahlin
Messina & Associates Real Estate
List Price
$225,000
Sold Price
$225,000
Current Estimated Value
$277,409

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,409
Avg. Annual Appreciation
7.01%
Original Mortgage
$180,000
Outstanding Balance
$172,960
Interest Rate
4.88%
Mortgage Type
New Conventional
Estimated Equity
$104,449

Purchase Details

Listed on
Mar 26, 2021
Closed on
Apr 29, 2021
Sold by
Booker Meghan E
Bought by
Booker Jorgen W
Seller's Agent
Kevin O'Brien
Messina & Associates Real Estate
Buyer's Agent
Kevin O'Brien
Messina & Associates Real Estate
List Price
$170,000
Sold Price
$170,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.14%
Original Mortgage
$115,000
Interest Rate
3%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 4, 2017
Sold by
Booker Linda E
Bought by
Booker Jorgen W and Booker Meghan E
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
Aulie Jason $225,000 First American Title
Aulie Jason $225,000 First American Title
Booker Jorgen W $85,000 None Available
Booker Jorgen W $85,000 None Available
Booker Jorgen W $40,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aulie Jason $180,000
Closed Aulie Jason $180,000
Previous Owner Booker Jorgen W $115,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2022 07/29/22 Sold $225,000 0.0% $500 / Sq Ft
05/23/2022 05/23/22 Pending -- -- --
04/29/2022 04/29/22 For Sale $225,000 +32.4% $500 / Sq Ft
04/30/2021 04/30/21 Sold $170,000 0.0% $378 / Sq Ft
03/30/2021 03/30/21 Pending -- -- --
03/26/2021 03/26/21 For Sale $170,000 -- $378 / 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 $1,508 $158,700 $81,500 $77,200
2022 $1,204 $120,000 $66,600 $53,400
2021 $1,110 $112,500 $64,200 $48,300
2020 $1,136 $106,400 $66,500 $39,900
2019 $1,098 $106,400 $66,500 $39,900
2018 $1,110 $105,000 $66,500 $38,500
2017 $1,110 $104,900 $66,400 $38,500
2016 $938 $104,900 $66,400 $38,500
2015 $995 $93,900 $61,700 $32,200
2014 $995 $93,900 $61,700 $32,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6102479

APN: 502002002790