Do you like a challenge? Not afraid of hard work? If so, this property might appeal to you. Once upon a time, it was a pretty cool property with an operating motel, charming log home, and rentable guest cabin. Unfortunately, there are years of deferred maintenance, and you will have to seriously ponder the options - tear down a building or two, alter the usage or spend the time to bring it back to its old-world charm. It is an incredible 3+ acre lot with drop dead gorgeous views of Lake Superior, and keep in mind that the house and motel are approximately 250 ft from the water’s edge. Since, it is state owned gravel beach, you have direct access to the lake, great for kayaking or walking your dog along the lake. Property is an estate sale; it goes active on July 24th and is being sold AS IS. The seller has very little information about the property and due to the age, there are few records available. Offers are due by 9:00 a.m. Monday, August 7th.
Sold for $255,000
$255,000
2925 Hwy 61 E, Grand Marais, MN 55604
3beds
1,900sqft
Single Family Residence
Built in 1970
3.05 Acres Lot
$374,300 Zestimate®
$134/sqft
$2,725 Estimated rent
Home value
$374,300
$337,000 - $415,000
$2,725/mo
Zestimate® history
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Charming log home
Zillow last checked:
Listing updated:
Listed by:
Virginia Detrick Palmer 218-387-2131,
Coldwell Banker North Shore
Bought with:
Jessica Smith, MN 40629954
Red Pine Realty
Source: Lake Superior Area Realtors as distributed by MLS GRID,MLS#: 6109443
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
- Main level bedrooms: 1
Rooms
- Room types: Den/Office, Landing
Heating
- Forced Air, Propane
Appliances
- Laundry: Dryer Hook-Ups, Washer Hookup
Features
- Windows: Wood Frames
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Wood Burning
Interior area
- Total interior livable area: 1,900 sqft
- Finished area above ground: 1,900
- Finished area below ground: 0
Property
Parking
- Parking features: Gravel, None
Features
- Fencing: Partial
- Has view: Yes
- View description: Lake Superior
- Has water view: Yes
- Water view: Lake Superior
Lot
- Size: 3.05 Acres
- Dimensions: 250' x 600'
- Features: Many Trees
- Residential vegetation: Heavily Wooded
Details
- Additional structures: Guest House, Other
- Parcel number: 541023105
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Log
- Property subtype: Single Family Residence
Materials
- Wood, Frame/Wood, Log Home
- Roof: Asphalt Shingle
Condition
- Previously Owned
- Year built: 1970
Utilities & green energy
- Electric: Arrowhead Electric
- Sewer: Drain Field, Private Sewer
- Water: Private
- Utilities for property: Fiber Optic
Community & HOA
HOA
- Has HOA: No
Location
- Region: Grand Marais
Financial & listing details
- Price per square foot: $134/sqft
- Tax assessed value: $268,100
- Annual tax amount: $1,318
- Date on market: 7/17/2023
- Cumulative days on market: 23 days
- Listing terms: Cash,Conventional
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 10/13/2023 | Sold | $255,000+50.1%$134/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #6109443 Report a problem | ||
| 8/10/2023 | Pending sale | $169,900$89/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6109443 Report a problem | ||
| 7/24/2023 | Listed for sale | $169,900$89/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6109443 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,718 +24.3% | $268,100 +4.7% |
| 2024 | $1,382 +4.9% | $256,100 +21.3% |
| 2023 | $1,318 -5.3% | $211,200 +9.9% |
| 2022 | $1,392 +38.9% | $192,200 +24.2% |
| 2021 | $1,002 -4.8% | $154,700 +9.2% |
| 2020 | $1,052 -1.9% | $141,629 +0.2% |
| 2018 | $1,072 +14.8% | $141,411 -3% |
| 2017 | $934 +39% | $145,771 -1% |
| 2016 | $672 +7% | $147,300 +4% |
| 2015 | $628 +11.3% | $141,600 |
| 2014 | $564 | $141,600 |
| 2012 | -- | $141,600 -11.9% |
| 2010 | $310 | $160,800 |
Find assessor info on the county website
Neighborhood: 55604
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Nearby schools
GreatSchools rating
- 4/10Sawtooth Mountain Elementary SchoolGrades: PK-5Distance: 8.5 mi
- 4/10Cook County Middle SchoolGrades: 6-8Distance: 8.5 mi
- 7/10Cook County Senior High SchoolGrades: 9-12Distance: 8.5 mi
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- Minnesota
- Cook County
- Grand Marais
- 55604
- 2925 Hwy 61 E
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