Check Availability

4966 Vermilion Trail

4966 Vermilion Trail, Gilbert, MN 55741
Property in Biwabik
Sold May 20, 2022
$24,500
$22,050
Mortgage
Sold Aug 12, 2015
$24,500
$22,050
Mortgage
4966 Vermilion Trail has been categorized by the local assessors in Gilbert, MN as a residential type of property. The building on the property was first built in 1975 and is 49 years old. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 4966 Vermilion Trail has 720 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 48,352 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a ranch/rambler style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 1,780 sqft. Moving on to the building itself. The condition of the building has been evaluated as fair. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. The exterior walls of the building are made of wood. In terms of heating, the home is utilizing gas. There is a single fireplace in the home. Perfect for those wintery nights. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 4966 Vermilion Trail was last sold in Mar 28, 2022 for $24,500. According to our calculations, that's $26.52 per sqft. Prior to that sales transaction, the property was sold for $24,500 in Aug 12, 2015. Current property owners are expected to pay $446 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2023. The property on 4966 Vermilion Trail was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $29,400. To break that down further, the land itself was valued at $16,100. While improvements to the property were assessed at a total of $13,300. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Fair
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Wood
  • Floor Count: 1
  • Basement Type: Unspecified basement
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 1,780
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 48,352
  • Total Building Area: 924
  • Gross Building Area: 924
  • Building Area: 924
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 720
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BIWABIK TOWN OF
  • Land Acres: 1.11
  • Standard Land Use Code: Single family residential
  • Legal Description 1: N 150 FT OF S 550 FT OF W 320 FT OF NE1/4 OF SW 1/4 LYING E OF HIGHWAY SERIAL #

Ownership

  • Current Owner : KANGAS KATHERINE L
  • Previous Owner : STATE OF MINNESOTA

Neighborhood

  • School District Name: Mesabi East School District
  • School Tax School District: 2711
  • Census Tract: 013600

Zoning

  • Zoning: MUNS

Geography

  • Account Number: 1146196
  • District: 260
  • Parcel: 260-0014-00791
  • Meridian: SEC 26 TWN 58N RNG 16W
  • Municipality: TOWN OF BIWABIK
  • Latitude: 47.4783
  • Longitude: -92.3401

    Address

  • Full Address: 4966 Vermilion Trl
  • Address - House Number: 4966
  • Address - Street Name: Vermilion
  • Address - Suffix Type: Trl
  • State: MN
  • City Name: Gilbert
  • Carrier Code: H002
  • 4-Digit Zip Code: 8274
  • Zip Code: 55741

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $446
  • Intital Tax Deliquent Year: 2023
  • Tax Rate Code Area: TOWN OF BI

    Appraisal Valuation

  • Standard Deviation: 0.2204
  • Valuation Date: Sep 21, 2023
  • Confidence Score: 69
  • Final Value: 52,917
  • High Value: 64,582
  • Low Value: 41,251

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $22,050
  • First Open Lien Mortgage Recording Date: Aug 12, 2015
  • First Open Lien Mortgage Loan Amount: $22,050
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1

    Market Valuation

  • Market Total Value: $29,400
  • Market Land Value: $16,100
  • Market Improvement Value: $13,300

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $29,400
  • Assessed Land Value: $16,100
  • Assessed Improvements Value: $13,300

    Sales

  • Current Sale Contract Date: Mar 28, 2022
  • Current Sale Recording Date: May 20, 2022
  • Current Sale Transaction ID: 11888874649
  • Current Sale Price: $24,500
  • Current Sale Document Type: Commissioner's Deed - North Carolina in probate-related transfers. In Hawaii foreclosure-related transfers.
  • Current Sale Input Document Number: 1443434
  • Previous Sale Recording Date: Aug 12, 2015
  • Previous Sale Contract Date: Aug 12, 2015
  • Previous Sale Amount: $24,500
  • Previous Sale Document Type: Deed

    Previous Mortgages

  • Previous Mortgage Transaction Date: Aug 12, 2015
  • Previous Mortgage Loan Amount: $22,050

About St. Louis



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 4966 Vermilion Trail located in?
The 4966 Vermilion Trail is a located in the neighborhood of Biwabik in St. Louis, Gilbert.
What is the average sales price for listings in 4966 Vermilion Trail?
The average sales price for units in 4966 Vermilion Trail is $0 currently.

Quantcast