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40 Franks Way, Grand Marais, MN, 55604

$349,900

Home List Price

$4,155*

Closing Credit

2 Bedrooms
1 Full Bath
1,448 SqFt
$242/SqFt
House

Location

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40 Franks Way, Grand Marais$349,900

Buyer Closing Credits

$4,155*

1.25% Loan Amount

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Property Highlights

ParkingDetached
Garage4 spaces
Year Built1996
HeatingBaseboard, Fireplace(s), Propane, Electric
CoolingCeiling Fan(s)
FireplaceWood Burning
MLS #6116783
Lot Size8.00 Acres
StatusActive
(ACTIVE)

About 40 Franks Way

A charming gambrel style home nestled in the woods within an easy drive from Grand Marais or Grand Portage. This is a place to relax and unwind whether you are inside or outside. The house has all the comforts of home, there are trails to enjoy through the woods and the garage has plenty of space to pursue a hobby or dive into a project. Tongue and groove wood paneled walls and a wood burning stove give the living room that sought after "up north" vibe. The dining room is big enough to host a crowd or enjoy a quiet meal at the breakfast bar in the four season porch. The kitchen provides plenty of elbow room and storage. The primary bedroom is on the main floor and features large windows with a forest view. Between the kitchen and the bedroom is the bathroom/laundry area with a double sink and more cabinet storage. Upstairs is a comfortable loft space and second bedroom with more peaceful views of the forest. The sellers have set up a grilling area in the yard and have planted apple trees and ornamental shrubs. They have maintained the trails and added solar lighting for walking, ATV riding and skiing. The property is located near the Kodonce River and trail of the Superior Hiking Trail.

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1996
  • Stories: 2
  • Living Area: 1,448 SqFt

Listing Office:

  • Office Name: Red Pine Realty
  • Listing Agent: Susan Nichols

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Interior: Ceiling Fans, Hardwood Floors, Natural Woodwork, Tiled Floors, Main Floor Laundry
  • Fireplace: Wood Burning

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Exterior: Deck, Fenced Yard - Partial, Porch

Parking Information:

  • Garage Space: 4 spaces
  • Attached Garage: No
  • Parking: Detached

Virtual/3D Tour

  • 3D Tour: 40 Franks Way
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Lot Features

Lot Information:

  • Lot: Many Trees, Level
  • Lot Size: 8.00 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Fireplace(s), Propane, Electric
  • Cooling: Ceiling Fan(s)

Other

Directions Information:

  • Directions: Highway 61 East of Grand Marais to County Rd 14. North to property.

Price Information

Listing Price Info

Price Summary:

  • List Price: $349,900
  • Price Per SqFt: $242/SqFt

Tax Information:

  • Annual Amount: $1,734
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Grand Marais, MN.

Med. Sold Price

$480K

Med. Price/SqFt

$217

Avg. Days On Market

27

# of Sold Homes

7

40 Franks Way vs Grand Marais

36 DAYS ON ROCKET

+9 Days

$349,900

-$130.1K Less

$242/SqFt

+$25 More

KEY TAKEAWAY

This property is $130.1K less than the Median Sold Price and $25/SqFt more than other homes in Grand Marais, MN.

Based on homes sold in November 2024

MLS Details

MLS Information:

  • MLS Number: #6116783

Listing Office:

  • Office Name: Red Pine Realty
  • Listing Agent: Susan Nichols

IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Information is supplied by seller and other third parties and has not been verified. ©2024 Lake Superior Area REALTORS® MLS - All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/3/2024, 1:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$1,734$186,700
2019$1,606$171,600
2018$1,622$169,300
2017$1,548$170,000

History based on county public records data.

Payment Calculator

$1,814

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,116

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-3500963
6
/10
  • Sawtooth Mountain Elementary School

  • 101 W 5th St

  • 9.74 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $51,717. The most common annual income of people living in Grand Marais, MN is between $35k-100k. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 40 Franks Way

What is the listing price of this property?

The listing price of 40 Franks Way property is $349,900.

What type of property is this?

The property 40 Franks Way is a house located in Grand Marais, Minnesota, 55604.

Is this property for sale now?

Active Listing: 40 Franks Way is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,734 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 40 Franks Way has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 40 Franks Way is 1,448 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 40 Franks Way is 1996.

Rocket HomesMinnesotaCook CountyGrand Marais5560440 Franks Way

This home is located at 40 Franks Way in Grand Marais, MN and zip code 55604. This 1,448 square foot home, which was built in 1996, sits on a 8.00 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since October 27, 2024 and is currently priced at $349,900.

Grand Marais, MN housing market in November 2024 saw over 3 listings sold above listed price, more than 0 sold at listed price and over 4 sold below. Between October 2024 and November 2024, Grand Marais, MN real estate market has seen decrease in the number of listings by 27.3%. The median list price of listings available in November 2024 was $480,000, while the average time on the real estate market was 27 days.

From Rocket Homes Real Estate and based on county public records data.

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