6 months on rocket

7228 Mercer Is, Cook, MN, 55723

$1,900,000

Home List Price

$10,000*

Closing Credit

1 Bedroom
1 Bath
1,860 SqFt
$1,022/SqFt
House
Schools Nearby

Location

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7228 Mercer Is, Chaska$1,900,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingOther
Year Built1981
HeatingBaseboard
CoolingWall Unit(s)
WaterfrontLake Front
ViewBay, Lake, Panoramic
MLS #6454519
StatusActive

About 7228 Mercer Is

Escape to your very own private & exceptional 7+ acre island nestled in the heart of Lake Vermilion's Frazer Bay. This exclusive property boasts a wealth of features thatpromise a truly extraordinary lakeside experience. Embrace the distinctive architectural charm of three stunning "Baker" Dome cabins, each offering a unique and cozy living space. Accommodate family & friends with ease in a spacious 1 BR guest cabin (with kitchen), plus a charming 1 BR bunkhouse, wet boathouse, & original icehouse! All buildings have new roofs! Hike along the picturesque walking trail with boardwalks, that encircles the island, providing enchanting views & moments of serenity plus a natural sand beach! Convenience is key, & this property offers a rare mainland access including another boathouse! This property promises a lifetime of cherished memories. First time on the market!

Property Details

Property Features

Property Information:

  • Year Built: 1981
  • Living Area: 1,860 SqFt

Listing Office:

  • Office Name: Vermilion Land Office, Inc.

Interior Features

Interior Information:

  • Appliances: Dishwasher, Microwave, Range, Refrigerator, Washer
  • Basement: No

Bedroom and Bathroom Information:

  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • Waterfront: Lake Front
  • View: Bay, Lake, Panoramic

Parking Information:

  • Parking: Other

Lot Features

Lot Information:

  • Lot: Accessible Shoreline, Island/Peninsula

Utilities

Utilities Information:

  • Heating: Baseboard
  • Cooling: Wall Unit(s)

School Info

Assigned Schools Information:

  • Chaska High School, Public District Grades 9-12
  • Chaska Middle School West, Public District Grades 6-8
  • Clover Ridge Elementary School, Public District Grades 1-5

Other

Directions Information:

  • Directions: Via boat from Frazer Bay Public Land, Shamrock Marina or the private access land across from Mercer Island.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,900,000
  • Price Per SqFt: $1,022/SqFt

Tax Information:

  • Annual Amount: $4,382
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Chaska, MN.

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Chaska, MN

City

Med. Sold Price

$430K

Med. Price/SqFt

$194

Avg. Days On Market

27

# of Sold Homes

35

7228 Mercer Is vs Chaska

184 DAYS ON ROCKET

+157 Days

$1,900,000

+$1.4M More

$1,022/SqFt

+$828 More

KEY TAKEAWAY

This property is $1.4M more than the Median Sold Price and $828/SqFt more than other homes in Chaska, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6454519

Listing Office:

  • Office Name: Vermilion Land Office, Inc.

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Last updated on: 5/4/2024, 5:22:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$4,382$413,000
2019$4,440$412,300
2017$4,240$385,800

History based on county public records data.

Payment Calculator

$9,550

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,763

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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.

Elementary School

school-card-donut-6070778
7
/10

  • Clover Ridge Elementary School

  • 114000 Hundertmark Rd

  • 0.73 miles

  • Public District Grades 1-5

Middle School

school-card-donut-6070779
5
/10

  • Chaska Middle School West

  • 140 Engler Blvd

  • 1.40 miles

  • Public District Grades 6-8

High School

school-card-donut-6070780
6
/10

  • Chaska High School

  • 545 Pioneer Trl

  • 2.21 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $75,568. Most Chaska, MN residents have annual incomes between $35k-100k. Typical family type is married, with 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 7228 Mercer Is

What is the listing price of this property?

The listing price of 7228 Mercer Is property is $1,900,000.

What type of property is this?

The property 7228 Mercer Is is a house located in Cook, Minnesota, 55723.

Is this property for sale now?

Active Listing: 7228 Mercer Is is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 7228 Mercer Is are:
Clover Ridge Elementary School: GreatSchools Rating 7/10
Chaska Middle School West: GreatSchools Rating 5/10
Chaska High School: GreatSchools Rating 6/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $4,382 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 7228 Mercer Is has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 7228 Mercer Is is 1,860 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 7228 Mercer Is is 1981.

Rocket Homes›Minnesota›Carver County›Chaska›55723›7228 Mercer Is

This home is located at 7228 Mercer Is in Cook, MN and zip code 55723 in the Traditions at Clover Ridge neighborhood. This 1,860 square foot home was built in 1981. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since November 01, 2023 and is currently priced at $1,900,000.

Over 14 listings were sold over their listed price in April 2024 in Chaska, MN. In the same period over 14 listings were sold below the listed price and 7 listings were sold for the listed price. The inventory of homes for sale in Chaska, MN between March 2024 and April 2024 increased by 12.8%. The median list price of listings available in April 2024 was $430,000, while the average time on the real estate market was 27 days.

From Rocket Homes Real Estate and based on county public records data.

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