$265,000
$274,900
3.6%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
4 Baths
2,184 SqFt
SOLD DATE : 11/30/2022
Key Details
Sold Price $265,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,184 sqft
Price per Sqft $121
MLS Listing ID 6269418
Bedrooms 5
Full Baths 2
Three Quarter Bath 2
Year Built 2016
Annual Tax Amount $1,554
Tax Year 2022
Lot Size 6.700 Acres
Property Description
Two complete living spaces on each floor (3 beds/2 baths up and 2 beds/2 baths in the walkout lower level - both with laundry) give this home on Guile Lake a lot of possibilities, especially for Air B&B or VRBO investors. The 6.7 acres on almost
500 ft. of lakeshore are adjacent to another 1,800 ft. of state shoreland, all just minutes from Grand Rapids and Pokegama Lake on paved roads. Natural gas in-floor heat on both levels with excellent insulation and energy efficiency. Long or short-term rental income from the lower level could easily cover a majority of a mortgage payment - or lease the entire property for excellent revenue potential. High-speed fiber internet. Preliminary site plans for a 24x24 garage have been presented to the City of Cohasset and should not require any variances - a larger garage could be constructed with the removal of a large oak tree. Seller will be pouring a concrete pad and walkway for downstairs entrance, but is waiting for buyer for design input.
Location
State MN
County Itasca
Zoning Residential-Single Family
Interior
Heating Hot Water, Radiant Floor
Cooling Ductless Mini-Split
Fireplaces Number 1
Fireplaces Type Living Room
Exterior
Garage Gravel
Waterfront true
Waterfront Description Lake Front
View Y/N Lake
View Lake
Roof Type Metal
Building
Story Two
Foundation 1092
Sewer Mound Septic, Private Sewer
Water Well
Structure Type Steel Siding
New Construction false
Schools
School District Grand Rapids
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