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8909 Cramer Road

8909 Cramer Road, Finland, MN 55603
Property in Lake No. 1
Sold Jun 09, 2020
$150,000
$120,000 by North Shore Federal Credit Uni
Mortgage Due Jul 01, 2050
8909 Cramer Road in Finland, MN was first built in 1997 and is 27 years old. Although, the building on the property was most recently renovated and altered in 2020. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a log cabin/rustic style. It is a single story home. There are a total of 0 rooms in the home, of which, 2 are bedrooms. 8909 Cramer Road has 576 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 219,978 square feet.

Learn more about the property and building on this page. For those who love swimming as a form of exercise, you'll be excited to find out that there is a both a pool and a spa on the property. For those who need parking, there is a garage. The garage is 576 sqft. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The condition of the building has been evaluated as fair. The exterior walls of the home are made of wood. As for heating, the home is utilizing a space/suspended heating system and being fueled with gas. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 8909 Cramer Road sold most recently in May 26, 2020 for a total of $150,000. If you work out the math, that's approximately a cost of $260.42 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $1,250 in taxes each year. 8909 Cramer Road was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $173,900. If we break it down further, the land itself was valued at $87,900. Improvements to the property, however, were assessed at a total of $86,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 2020
  • Bedroom Count: 2
  • Building Condition: Fair
  • Construction Type: Wood
  • Building Style: Log cabin/Rustic
  • Exterior Walls Type: Wood
  • Floor Count: 1
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Pool Type: Pool & spa (both)

    Dimensions

  • Lot Size Square Feet: 219,978
  • Lot Size Frontage Feet: 0
  • Total Building Area: 576
  • Gross Building Area: 576
  • Building Area: 576
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Space/suspended
  • Heated Square Feet: 576
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 5.05
  • Standard Land Use Code: Seasonal, cabin, vacation residence
  • Legal Description 1: THAT PART OF GOV LOT 5 AS DESC IN BK 121 OF

Ownership

  • Current Owner : WALDRON DEBORAH C
  • Current Owner 2: WALDRON RICKY A
  • Previous Owner : TRACY MARTIN L
  • Previous Owner 2: TRACY SANDRA C
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lake Superior Public School District
  • School Tax School District: 381
  • Census Tract: 370101

Geography

  • Parcel: 24-5906-22683
  • Lot: 5
  • Meridian: SEC 22 TWN 59 RNG 06
  • Municipality: UNORGANIZED TERRITORY 1
  • Latitude: 47.5743
  • Longitude: -91.0779

    Address

  • Full Address: 8909 Cramer Rd
  • Address - House Number: 8909
  • Address - Street Name: Cramer
  • Address - Suffix Type: Rd
  • State: MN
  • City Name: Finland
  • Carrier Code: H001
  • 4-Digit Zip Code: 4400
  • Zip Code: 55603

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,250

    Appraisal Valuation

  • Standard Deviation: 0.2288
  • Valuation Date: Jan 18, 2023
  • Confidence Score: 68
  • Final Value: 228,500
  • High Value: 280,781
  • Low Value: 176,219

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $120,000
  • First Open Lien Mortgage Lender: NORTH SHORE FEDERAL CREDIT UNI
  • First Open Lien Mortgage Recording Date: Jun 09, 2020
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $120,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2050

    Market Valuation

  • Market Total Value: $173,900
  • Market Land Value: $87,900
  • Market Improvement Value: $86,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $173,900
  • Assessed Land Value: $87,900
  • Assessed Improvements Value: $86,000

    Sales

  • Current Sale Contract Date: May 26, 2020
  • Current Sale Recording Date: Jun 09, 2020
  • Current Sale Transaction ID: 11769740235
  • Current Sale Price: $150,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: A000194150

    Last Sale Mortgage

  • First Mortgage Lender: NORTH SHORE FEDERAL CREDIT UNI
  • First Mortgage Transaction Date: Jun 09, 2020
  • First Mortgage Loan Amount: $120,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Jul 01, 2050

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About Lake



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Frequently Asked Questions

What neighborhood is 8909 Cramer Road located in?
The 8909 Cramer Road is a located in the neighborhood of Lake No. 1 in Lake, Finland.
What is the average sales price for listings in 8909 Cramer Road?
The average sales price for units in 8909 Cramer Road is $0 currently.

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