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    Property profile & analytics

    Lutsen, MN 55612

    • Apartment buildings
    • 5,188 SF
    • 4.07 lot acres
    OFF-MARKET
    Value Estimation
    $500,000
    Location Intelligence
    Property ID
    US46-1802188
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details

    Year built
    2005
    Lot size
    4.07 lot acres
    Property size
    5,188 SF
    Property type
    Apartment buildings
    APN
    27-121-3450
    APU
    271213450

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lutsen
    County
    Cook
    State
    Minnesota
    Longitude
    -90.7143
    Latitude
    47.6613

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,342
    $76,700
    $488,800
    $565,500
    -
    $76,700
    $488,800
    $565,500

    Comparable in this City

    • Value Estimation by Request
      9,196 SF

      445 Ski Hl Rd

      APARTMENT HOUSE (5+ UNITS) • 9,196 SF
      445 Ski Hl Rd, Lutsen, MN 55612-4447
      View Details
    • Value Estimation
      $350,000
      2,112 SF

      329 Ski Hl Rd

      APARTMENT HOUSE (5+ UNITS) • 2,112 SF
      329 Ski Hl Rd, Lutsen, MN 55612
      View Details
    • Value Estimation by Request
      0.10 Acres

      Lutsen, MN 55612

      CENTRALLY ASSESSED • 0.10 Acres
      Lutsen, MN 55612
      View Details
    • Value Estimation by Request
      10.00 Acres

      Lutsen, MN 55612

      VACANT COMMERCIAL LAND • 10.00 Acres
      Lutsen, MN 55612
      View Details
    • Value Estimation by Request
      8.22 Acres

      Lutsen, MN 55612

      CENTRALLY ASSESSED • 8.22 Acres
      Lutsen, MN 55612
      View Details
    • Value Estimation by Request
      8.83 Acres

      127 Caps Trl

      CENTRALLY ASSESSED • 8.83 Acres
      127 Caps Trl, Lutsen, MN 55612
      View Details

    Similar Nearby for Sale

    • $299,999
      80.00 Acres

      Lutsen, MN 80-Acre Wilderness

      80 acres with Mississippi Creek and abundant wildlife.
      2850 Caribou Trl, Lutsen, MN 55612
      View Details
    • $2,900,000
      213 SF

      Superior National Golf Course

      Premier 27-hole golf course in Lutsen, Minnesota.
      5731 Highway 61, Lutsen, MN 55612
      View Details
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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