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Sold for $472,000
  • $472,000

    6701 State Hwy 1, Finland, MN 55603

    6beds
    4,834sqft
    Single Family Residence
    Built in 1940
    2.08 Acres Lot
    $513,500 Zestimate®
    $98/sqft
    $3,612 Estimated rent

    Home value

    $513,500

    $431,000 - $611,000

    $3,612/mo

    Zestimate® history
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    What's special

    Scenic baptism riverNew flooringSteps from the riverbankMultiple new windowsFresh exterior paintNew kitchenNew deck
    Incredible opportunity to own a dual-unit vacation rental property on the scenic Baptism River. The main building is a fully renovated 5-bedroom retreat—formerly a bar and restaurant—offering generous space for large groups. A second 1-bedroom cabin sits just steps from the riverbank, perfect for couples or solo travelers. Both units have seen recent updates, including mini-split cold-climate heat pump systems, updated electrical, a new kitchen, new flooring, multiple new windows, a new deck, and fresh exterior paint. The property also benefits from a conditional use permit, streamlining ongoing short-term rental operations. Located across the street from a snowmobile/ATV trail and minutes from Tettegouche State Park, this is a sought-after destination for hiking, biking, fishing, and year-round outdoor adventure. Grossed $85,000 in rental revenue last year. Whether you're an investor seeking steady cash flow or a vacation rental owner looking for a turnkey North Shore asset in a prime recreation area—this property checks every box.

    Zillow last checked:

    Listing updated:

    Listed by:

    Neal Jacobi 715-892-6325,

    Heirloom Realty, LLC

    Bought with:

    Neal Jacobi, MN 40724316

    Heirloom Realty, LLC

    Source: Lake Superior Area Realtors as distributed by MLS GRID,MLS#: 6120354MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 4
    • 3/4 bathrooms: 2
    • 1/4 bathrooms: 2
    • Main level bedrooms: 1
    Heating
    • Boiler, Fireplace(s), Heat Pump, Hot Water, Ductless
    Cooling
    • Ductless
    Features
    • Basement: Partial,Posts
    • Number of fireplaces: 3
    • Fireplace features: Gas
    Interior area
    • Total interior livable area: 4,834 sqft
    • Finished area above ground: 4,834
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 1
    • Parking features: Detached
    • Garage spaces: 1
    Features
    • Waterfront features: River, Waterfront Access(Private)
    • Body of water: Baptism River
    • Frontage length: 200
    Lot
    • Size: 2.08 Acres
    • Dimensions: 280 x 148, 178 x 285
    Details
    • Parcel number: 27570717720,27570717715
    • Zoning description: Residential-Rec Business

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Other
    • Property subtype: Single Family Residence
    Materials
    • Wood, Frame/Wood
    • Foundation: Concrete Perimeter
    Condition
    • Previously Owned
    • Year built: 1940

    Utilities & green energy

    • Electric: Coop Power & Light
    • Sewer: Private Sewer
    • Water: Private

    Community & neighborhood

    Location
    • Region: Finland

    Price history

    DateEventPrice
    10/1/2025Sold$472,000-4.6%$98/sqft
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6120354 Report a problem
    8/30/2025Pending sale$495,000$102/sqft
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6120354 Report a problem
    8/18/2025Price change$495,000-8.3%$102/sqft
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6120354 Report a problem
    8/11/2025Price change$539,900-1.8%$112/sqft
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6120354 Report a problem
    7/24/2025Price change$549,900-6%$114/sqft
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6120354 Report a problem
    6/26/2025Listed for sale$585,000+82.8%$121/sqft
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6120354 Report a problem
    11/30/2022Sold$320,000+3.2%$66/sqft
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6103435 Report a problem
    10/17/2022Pending sale$310,000$64/sqft
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6103435 Report a problem
    8/16/2022Price change$310,000-6.1%$64/sqft
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6103435 Report a problem
    6/11/2022Listed for sale$330,000$68/sqft
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6103435 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,002 +9.5%$482,000 +28.9%
    2024$3,654 +78.9%$373,900 -6.6%
    2023$2,042 -55.7%$400,200 +78.7%
    2022$4,608 -13.3%$223,900
    2021$5,314 +67%$223,900
    2020$3,182 -41.9%$223,900 +1.2%
    2018$5,473 -8.9%$221,200 -1.3%
    2017$6,009 +7.3%$224,000 -0.2%
    2016$5,602 -1.4%$224,500 +9.1%
    2015$5,683 $205,700
    2014$5,683 +5.8%--
    2013$5,372 +109.7%--
    2010$2,561 --

    Find assessor info on the county website

    Neighborhood: 55603

    Nearby schools

    GreatSchools rating
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