Sold for $500,000

$500,000

116 W 2nd Ave, Grand Marais, MN 55604

3beds

1,940sqft

Single Family Residence

Built in 1930

8,276 Square Feet Lot

$528,700 Zestimate^®

$258/sqft

$2,389 Estimated rent

Home value

$528,700

Estimated sales range

Not available

$2,389/mo

Zestimate^® history

Owner options

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$2,389/mo

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$2,389/mo

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$2,983/mo

Est. payment

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$2,983/mo

Est. payment

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What's special

Tuck under garageOffice or bedroom

Location, location, location. This fabulous Grand Marais home was remodeled from top to bottom with quality throughout. There is 1,940 sq. ft. of finished living space with 3 bedrooms and 2 baths. Sunny deck for enjoying the lake view and BBQ. Lower level has addition space for family/rec room and office or bedroom. There is also unfinished space for storage and workshop in the lower level. Tuck under garage. Walking distance to everything in town. The home has been a nightly rental in past few years. Call today for your private showing.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 1
3/4 bathrooms: 1
Main level bedrooms: 1

Rooms

Room types: Storage Room, Utility Room, Workshop, Non-Conforming Bedroom, Bonus Room

Bedroom

Level: Main
Area: 137.5 Square Feet
Dimensions: 11 x 12.5

Bedroom

Level: Upper
Area: 270 Square Feet
Dimensions: 15 x 18

Dining room

Level: Main
Area: 114 Square Feet
Dimensions: 9.5 x 12

Kitchen

Level: Main
Area: 136.5 Square Feet
Dimensions: 10.5 x 13

Living room

Level: Main
Area: 207 Square Feet
Dimensions: 11.5 x 18

Heating

Forced Air, Propane

Appliances

Included: Dishwasher, Dryer, Exhaust Fan, Microwave, Range, Refrigerator, Washer

Features

Basement: Full,Partially Finished,Walkout,Den/Office,Family/Rec Room,Utility Room
Has fireplace: No

Interior area

Total interior livable area: 1,940 sqft
Finished area above ground: 1,700
Finished area below ground: 240

Property

Parking

Total spaces: 2
Parking features: Off Street, Concrete, Tuckunder, Electrical Service, Insulation, Slab
Attached garage spaces: 2
Has uncovered spaces: Yes

Features

Has view: Yes
View description: Lake Superior, City Lights
Has water view: Yes
Water view: Lake Superior

Lot

Size: 8,276 Square Feet
Dimensions: 128 x 60
Features: Some Trees, Level
Residential vegetation: Partially Wooded

Details

Additional structures: Storage Shed
Foundation area: 988
Parcel number: 802170230

Construction

Type & style

Home type: SingleFamily
Architectural style: Bungalow
Property subtype: Single Family Residence

Materials

Vinyl, Asphalt, Frame/Wood
Foundation: Concrete Perimeter
Roof: Asphalt Shingle

Condition

Year built: 1930

Utilities & green energy

Electric: Grand Marais PUC
Sewer: Public Sewer
Water: Public

Community & HOA

HOA

Has HOA: No

Location

Region: Grand Marais

Financial & listing details

Price per square foot: $258/sqft
Tax assessed value: $471,700
Annual tax amount: $4,606
Date on market: 10/27/2024
Cumulative days on market: 33 days
Listing terms: Cash,Conventional
Road surface type: Paved

Price history

Date	Event	Price
11/27/2024	Sold	$500,000+0.2%$258/sqft
Source: Lake Superior Area Realtors as distributed by MLS GRID #6116782 Report a problem
11/20/2024	Pending sale	$499,000$257/sqft
Source: Lake Superior Area Realtors as distributed by MLS GRID #6116782 Report a problem
11/8/2024	Contingent	$499,000$257/sqft
Source: Lake Superior Area Realtors as distributed by MLS GRID #6116782 Report a problem
10/27/2024	Listed for sale	$499,000+72.1%$257/sqft
Source: Lake Superior Area Realtors as distributed by MLS GRID #6116782 Report a problem
7/6/2020	Sold	$290,000-3.3%$149/sqft
Source: Lake Superior Area Realtors as distributed by MLS GRID #6089481 Report a problem
5/28/2020	Pending sale	$299,900$155/sqft
Source: Backlund Realty LLC #6089481 Report a problem
4/23/2020	Listed for sale	$299,900+11.1%$155/sqft
Source: Backlund Realty LLC #6089481 Report a problem
8/14/2018	Sold	$270,000-15.6%$139/sqft
Source: Agent Provided Report a problem
6/26/2018	Pending sale	$319,900$165/sqft
Source: Coldwell Banker North Shore #6074334 Report a problem
6/20/2018	Listed for sale	$319,900$165/sqft
Source: Coldwell Banker North Shore #6074334 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,990 +8.3%	$471,700 +8.1%
2024	$4,606 +5.6%	$436,200 +9.2%
2023	$4,362 -1.7%	$399,500 +11.3%
2022	$4,436 +23.2%	$358,900 +28.8%
2021	$3,602 +3.7%	$278,700 +1.4%
2020	$3,472 -14.6%	$274,900 -8.4%
2018	$4,066 +18.1%	$300,100 -5.3%
2017	$3,442 +32.2%	$316,800 +14.6%
2016	$2,604 +109.7%	$276,500 +27.9%
2015	$1,242 -27%	$216,200 +89%
2014	$1,702	$114,400 -11.4%
2012	--	$129,100 -16.6%
2010	$924	$154,800