A Woodworker’s Own Private Cabin, Set On 3.6 Acres & 385 Ft Walk In Swimming Shoreline, Morcom Lake—Just 45 N of Duluth & 25 S of Virginia, 10 to Cotton. Gorgeous Sunsets & Sun All Day Long! This is a 178 acre lake offering Northern, Bluegill & Crappie fishing. Built 2006, 2464 SF, 3BR/3BTH home w/new roof this year. 60 x 30 dream garage built 2022 w/in flr heat, huge woodworking shop w/4” sewer pipe installed thru slab for future bath , second flr & metal roof. Cabin features glass front great rm w/natural light pouring in, wd burning fireplace front stove, glass dr to lakefront wrap deck. Hickory kitch w/leathered granite counters & island open to great rm & dining—all lakeside. Luxurious main flr suite w/French drs to spa bth. Main flr guest BR & bth. Main flr laundry. Walkout ICF lower level w/BR, sauna bth, rec rm, bar, fireplace front gas stove, glass door to lake. Air cond, open yard for activites w/lakeside firepit patio, stone walks, dock, drilled well, Compliant septic! Click on link to view 3D Tour!
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$3,282
Per Month
Principal & Interest
$3,215
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,997
Powered By
Advertisement
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Cherry Elementary School
3943 Tamminen Rd
Distance between this listing and this school19.47 miles
Public District Grades PK-6
5
/10
Mesabi East Elementary School
601 N 1st St W
Distance between this listing and this school20.07 miles
Public District Grades PK-6
8
/10
Merritt Elementary School
8659 Unity Dr
Distance between this listing and this school21.45 miles
Public District Grades PK-6
Nearby Schools
4
/10
Chisholm Elementary School
300 3rd Ave SW
Distance between this listing and this school29.42 miles
Public District Grades 4-6
Nearby Schools
2
/10
East Range Academy of Tech-Science
2000 Siegel Blvd
Distance between this listing and this school17.48 miles
Public Charter Grades 9-12
4
/10
Cherry Secondary School
3943 Tamminen Rd
Distance between this listing and this school19.47 miles
Public District Grades 7-12
4
/10
Mesabi East Secondary School
601 N 1st St W
Distance between this listing and this school20.07 miles
The neighbors living near this home have an average income of $40,305. Most Cotton, MN residents have annual incomes less than $35k. Typical family type is married, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 6423 Bobcat Ridge Rd
What is the listing price of this property?
The listing price of 6423 Bobcat Ridge Rd property is $644,000.
What type of property is this?
The property 6423 Bobcat Ridge Rd is a house located in Cotton, Minnesota, 55724.
Is this property for sale now?
Active Listing: 6423 Bobcat Ridge Rd 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 $2,940 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on July 31, 2006 for $95,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 6423 Bobcat Ridge Rd has 3 bedrooms and 3 bathrooms.
What is the square footage of this property?
The property 6423 Bobcat Ridge Rd is 2,268 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 6423 Bobcat Ridge Rd is 2006.
This home is located at 6423 Bobcat Ridge Rd in Cotton, MN and zip code 55724. This 2,268 square foot home, which was built in 2006, sits on a 3.60 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since July 31, 2024 and is currently priced at $644,000.
While more than 2 listings in Cotton, MN in November 2024 were sold above asking price, there were more than 0 listings sold at asking price, and more than 0 were sold below. In November 2024 in Cotton, MN there were 28.6% less homes for sale than in October 2024. While the average time on the market in November 2024 was 77 days, the median list price was $350,000.
From Rocket Homes Real Estate and based on county public records data.