5 months on rocket

42 E Bay Ln, Grand Marais, MN, 55604

$849,900

Home List Price

$10,000*

Closing Credit

2 Bedrooms
1 Full Bath
1,825 SqFt
$466/SqFt
House

Location

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42 E Bay Ln, Grand Marais$849,900

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

ParkingDetached
Garage2 spaces
Year Built1994
HeatingSteam, Propane
WaterfrontLake
FireplaceWood Burning
ViewLake, Panoramic
MLS #6114196
Lot Size4.23 Acres
StatusActive
(ACTIVE)

About 42 E Bay Ln

This is your chance to own a stunning year-round home on magnificent Greenwood Lake, just a scenic drive up the Gunflint Trail. Situated on a private 4+ acre lot, surrounded by 20 acres of shared Association land to the north, this property ensures privacy and seclusion. It is a gorgeous lot with spectacular views, over 300 ft of shoreline, a huge dock, mature trees – it is truly an exceptional piece of lakeshore. As you explore this log-sided house, you will appreciate the abundant windows that flood the space with natural light and offer breathtaking views of the lake. The expansive wrap-around deck cozy living room with its wood-burning fireplace and cathedral ceiling all provide ideal spaces for entertaining or relaxing. The main floor primary bedroom has a walk-in closet and adjoins a full bath with charming built-ins and a luxurious sauna. There is a sweet little sunken corner off the living room, which would be a great spot for a sunny reading nook. The kitchen is beyond spacious with plenty of room for multiple cooks in the kitchen, tons of storage and a large dining bar. Head to the top of the open staircase, to appreciate the open bedroom space with skylights for stargazing plus a walk-in closet and an additional bathroom. The two-stall garage has a workshop area, utility room and an upstairs room which could be converted into a bunkroom, office, or just use it for storage. Though currently off-grid, this spacious retreat has all the conveniences of home thanks to a solar system with battery storage and generator for backup plus electric service and broadband will be available in the very near future. It is being sold partially furnished and will essentially be turnkey. Don't let this opportunity slip away – schedule your viewing today and start living the lakefront lifestyle you've always dreamed of!

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1994
  • Stories: 1
  • Living Area: 1,825 SqFt

Listing Office:

  • Office Name: Coldwell Banker North Shore
  • Listing Agent: Virginia Detrick Palmer

Interior Features

Interior Information:

  • Appliances: Dryer, Range Hood, Freezer, Microwave, Range, Refrigerator, Washer
  • Interior: Garage Door Opener, Hardwood Floors, Natural Woodwork, Sauna, Skylight, Vaulted Ceilings, Walk-In Closet, Beamed Ceilings, Foyer Entry, Patio Door, Main Floor Laundry, Dryer Hook-Ups, Washer Hook-Ups
  • Fireplace: Wood Burning

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Waterfront: Lake
  • View: Lake, Panoramic
  • Exterior: Deck, Dock, Gutter/Downspout

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Detached

Virtual/3D Tour

  • 3D Tour: 42 E Bay Ln
3D Tour

Lot Features

Lot Information:

  • Lot: Accessible Shoreline, Irregular Lot, Some Trees, Rolling/Hilly
  • Lot Size: 4.23 Acres

Utilities

Utilities Information:

  • Heating: Steam, Propane

Other

Directions Information:

  • Directions: From Grand Marais follow the Gunflint Trail 16.3 miles, turn right on Greenwood Lake Rd, after 3.9 miles turn left on Shoe Lake Rd, approx. 10 miles to Cedar Trail on the right (gated), turn left on Eat Bay Lane and proceed to #42.

Price Information

Listing Price Info

Price Summary:

  • List Price: $849,900
  • Price Per SqFt: $466/SqFt

HOA Fees:

  • Amount: $850
  • Frequency: Annually

Tax Information:

  • Annual Amount: $4,478
  • Tax Year: 2020
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Housing Market Comparison

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

Med. Sold Price

$475K

Med. Price/SqFt

$392

Avg. Days On Market

28

# of Sold Homes

9

42 E Bay Ln vs Grand Marais

164 DAYS ON ROCKET

+136 Days

$849,900

+$374.9K More

$466/SqFt

+$73 More

KEY TAKEAWAY

This property is $374.9K more than the Median Sold Price and $73/SqFt more than other homes in Grand Marais, MN.

Based on homes sold in October 2024

MLS Details

MLS Information:

  • MLS Number: #6114196

Listing Office:

  • Office Name: Coldwell Banker North Shore
  • Listing Agent: Virginia Detrick Palmer

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: 11/23/2024, 4:20:49 AM 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$4,478$481,300
2019$4,188$443,800
2018$4,294$443,800
2017$4,102$446,300

History based on county public records data.

Payment Calculator

$4,379

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,615

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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-806057
6
/10
  • Sawtooth Mountain Elementary School

  • 101 W 5th St

  • 19.88 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. Typical income of Grand Marais, MN residents is between $35k-100k annually. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 42 E Bay Ln

What is the listing price of this property?

The listing price of 42 E Bay Ln property is $849,900.

What type of property is this?

The property 42 E Bay Ln is a house located in Grand Marais, Minnesota, 55604.

Is this property for sale now?

Active Listing: 42 E Bay Ln 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 $4,478 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 42 E Bay Ln has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 42 E Bay Ln is 1,825 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 42 E Bay Ln is 1994.

Rocket HomesMinnesotaCook CountyGrand Marais5560442 E Bay Ln

This home is located at 42 E Bay Ln in Grand Marais, MN and zip code 55604. This 1,825 square foot home, which was built in 1994, sits on a 4.23 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since June 11, 2024 and is currently priced at $849,900.

Over 3 listings were sold over their listed price in October 2024 in Grand Marais, MN. In the same period over 3 listings were sold below the listed price and 2 listings were sold for the listed price. Between September 2024 and October 2024, Grand Marais, MN real estate market has seen increase in the number of listings by 2.9%. Listings spent 28 days on the market in October 2024, and had a median list price of $475,000 during the same period.

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

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