NOT LISTED FOR SALE

1472 Nipi Ln Isabella, MN 55607

Estimated Value: $287,000 - $417,000

2 Beds
1 Bath
3,000 Sq Ft
$118/Sq Ft Est. Value

Last Sold November 22, 2024

Last sale price $269,000 $90 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $2,222/month

147 Days on Market

Highlights

  • Private Waterfront
  • Contemporary Architecture
  • Bonus Room
  • Panoramic View
  • Vaulted Ceiling
  • Great Room

About This Home

As of November 2024

This awesome 3000 square foot year around home is located 22 miles south of Ely quietly tucked in the woods off scenic Highway 1 in the heart of the Superior National Forest with approx. 110 feet of frontage on the scenic Stony River! Property includes 2 parcels that total approx. 3 acres of privacy. The open concept floor plan is amazing in this spacious 2 bedroom, 1 bath home, that comes furnished with quality furnishings and is move-in ready as your up north retreat! Home was completely remodeled in 2023 and most of the interior is brand new: NEW sheetrock, woodwork, insulation, carpeting, furnace, dishwasher, hot water heater, etc. The list of features here is extensive including: vaulted pine ceilings, large stone wood burning fireplace in the great room, custom kitchen with breakfast bar, large screened in porch, metal roof, rustic live edge siding, large, attached carport plus an oversized 2 stall detached garage. Rest easy as the property is part of a small community of homeowners that have a HOA that includes water, sewer, garbage, snow plowing, road maintenance, backup electric generator, etc. Everything is taken care of so you can enjoy the serenity of this wonderful place! There are also 11 acres of wooded common property for hiking, and an easy canoe access to the river. There are fish in the deep pools of this free flowing river! Property is located in a great area that provides access to Ely, Babbitt, great fishing on close by Slate Lake (and many other lakes!), snowmobile, ATV, and hiking trails, great hunting, and much more! Property also has fiber optic internet, central air, and a remote thermostat. Property even includes an Arctic Cat ATV! Call today to come and see this gorgeous property!

Last Agent to Sell the Property

Jeff Hway

Bear Island Realty LLC Listed on: 05/07/2024

Co-Listed By

Zachary Hway

Bear Island Realty LLC

Last Buyer's Agent

Connie Coughlin

Bear Island Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,882

Lot Details

  • 3 Acre Lot
  • Private Waterfront
  • 110 Feet of Waterfront
  • River Front
  • Property fronts a private road
  • Elevated Lot
  • Level Lot
  • Landscaped with Trees

HOA Fees

  • $129 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Poured Concrete
  • Fire Rated Drywall
  • Wood Frame Construction
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 3,000 Sq Ft Home
  • 1-Story Property
  • Woodwork
  • Paneling
  • Vaulted Ceiling
  • Wood Burning Fireplace
  • Double Pane Windows
  • Bay Window
  • Wood Frame Window
  • Great Room
  • Combination Kitchen and Dining Room
  • Bonus Room
  • Utility Room
  • Laundry on main level
  • Panoramic Views

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level
  • 1 Bathroom

Parking

  • 2 Car Detached Garage
  • Gravel Driveway

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Wood
  • Heating System Uses Propane
  • Shared Water Source
  • Drilled Well
  • Electric Water Heater
  • Fuel Tank
  • Private Sewer
  • Shared Sewer
  • Fiber Optics Available

Community Details

  • Association fees include trash, water, sewer

Listing and Financial Details

  • Assessor Parcel Number 20-6067-00500, 20-6067-01000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,882

Lot Details

0

HOA Fees

$129 per month

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Ely, take Highway 1 23 miles south to Kiwadinipi Rd. Turn right and follow to 1472 Nipi Lane. No sign on the property.
  • InternetOptions: Fiber Optic
  • L O1 Office Phone1 Number: 218-365-2800
  • Road Maintenance: Association
  • Property Sub-Type: SF/Detached
  • Tax Year: 2024
  • View Type:Pond View: Panoramic
  • Lot Description Waterfront: Yes
  • Air Conditioner: Central
  • Reso Association Amenities: Natural Woodwork, Vaulted Ceilings, Drywalls, Panelled Walls, Main Floor Laundry
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 3000
  • Garage Type: Detached
  • Heat: Fireplace, Forced Air, Wood, Propane
  • Fireplaces: 1
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Metal
  • Bedroom 3: Bedroom
  • TotalBedrooms: 2
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • RoomLevel6: Main
  • RoomLevel7: Main
  • Property Style: Contemporary
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Appliances: Dishwasher, Range/Stove, Refrigerator
  • Basement Material: Poured Concrete
  • Basement Style: Slab
  • Bathroom Description: 3/4 Main Floor
  • Formal Dining: Combine with Kitchen
  • Fireplace: Yes
  • Den Fireplace Type: Wood Burning
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Great Room
  • Bathroom 2: Kitchen
  • Main Residence Features:Family Room4: Bedroom
  • Bedroom 5: Bonus Room
  • Stories: 1 Story
  • Room 6: Utility Room
  • Room 7: Porch
  • Total Bathrooms: 1
  • Total Fin Square Footage: 3000
  • Exercise Room Level2: Main

Exterior Features

  • Road Frontage: Private
  • Waterfront Access: Private
  • Water Frontage In Feet: 110
  • Waterfront Name: Stony
  • Construction Status: Previously Owned
  • Exterior: Wood
  • Window Features:Insulated Windows: Bay Window, Double Glazed, Wood Frame

Garage/Parking

  • Parking Driveway: Driveway - Gravel
  • Garage Capacity: 2
  • ParkingFeaturesGarageDimensions: 32 x 24

Utilities

  • Power Company: Coop Power & Light
  • Sewer: Private, Shared
  • Water: Shared, Drilled

Condo/Co-op/Association

  • Association Fee: No
  • Association Fee Frequency: Yearly

Association/Amenities

  • FeesAssociationFeeAmount: 1550

Fee Information

  • Association Fee Includes: Other, Trash, Water, Sewer

Schools

  • Junior High Dist: Lake Superior #381

Lot Info

  • Estimated Lot Dimensions: irregular
  • Estimated Number of Acres: 3
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Tree Coverage - Medium, High, Level
  • Parcel Number: 20-6067-00500, 20-6067-01000
  • Waterfront Type: River

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 2882

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2024
Closed on
Nov 22, 2024
Sold by
Hudson Erick and Mcwilliams-Hudson Susan
Bought by
Fredrickson Anne
Seller's Agent
Jeff Hway
Bear Island Realty LLC
Buyer's Agent
Connie Coughlin
Bear Island Realty LLC
List Price
$369,000
Sold Price
$269,000
Premium/Discount to List
-$100,000
-27.1%
Views
249
Current Estimated Value
$355,031

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,031
Avg. Annual Appreciation
29.61%

Purchase Details

Closed on
Sep 23, 2009
Sold by
Liquidation Properties Inc
Bought by
Hudson Erick C and Mcwilliams Hudson Susan D

Purchase Details

Closed on
May 15, 2009
Sold by
Gitigroup Global Markets Realty Corporat
Bought by
Liquidation Properties Inc

Purchase Details

Closed on
Jul 7, 2008
Sold by
Kramer Paul
Bought by
Citigroup Global Markets Realty Corp

Purchase Details

Closed on
Jan 31, 2007
Sold by
Camp Kiwadinipi Llc
Bought by
Kramer Paul A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,500
Interest Rate
10.99%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Fredrickson Anne $269,000 --
Hudson Erick C $69,900 None Available
Liquidation Properties Inc -- None Available
Citigroup Global Markets Realty Corp $188,070 None Available
Kramer Paul A $175,000 Fatco
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kramer Paul A $173,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/22/2024 11/22/24 Sold $269,000 0.0% $90 / Sq Ft
08/21/2024 08/21/24 Price Changed $269,000 -10.0% $90 / Sq Ft
06/24/2024 06/24/24 Price Changed $299,000 -9.1% $100 / Sq Ft
06/04/2024 06/04/24 Price Changed $329,000 -10.8% $110 / Sq Ft
05/07/2024 05/07/24 For Sale $369,000 -- $123 / Sq Ft
Source: Lake Superior Area REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,708 $404,300 $66,100 $338,200
2024 $1,866 $446,700 $66,100 $380,600
2023 $1,281 $450,800 $66,100 $384,700
2022 $2,010 $280,200 $58,400 $221,800
2021 $1,917 $235,200 $55,700 $179,500
2020 $2,061 $139,892 $58,892 $81,000
2019 $2,038 $139,892 $58,892 $81,000
2018 $1,319 $221,000 $56,800 $164,200
2017 $1,296 $144,400 $53,800 $90,600
2016 $1,325 $145,900 $53,800 $92,100
2015 $1,334 $147,200 $53,800 $93,400
2014 $1,334 $0 $0 $0
2013 $1,150 $0 $0 $0
2012 $1,187 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6113544

APN: 20-6067-00500