NOT LISTED FOR SALE

1487 Nipi Ln Isabella, MN 55607

Estimated Value: $163,505 - $276,000

3 Beds
0.5 Bath
1,050 Sq Ft
$201/Sq Ft Est. Value

Last Sold October 30, 2020

Last sale price $104,000 $99 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $1,158/month

29 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Vaulted Ceiling
  • 2 Car Attached Garage
  • 30 Feet of Waterfront
  • Wood Frame Window
  • Woodwork

About This Home

As of October 2020

Located in the heart of the Superior National Forest is this nice 3 bedroom cabin located aprox 22 miles south of Ely on a 1.8 acre parcel that is wooded and private. Cabin comes with a deeded access to the nearby Stony River, where you can carry a canoe down to explore and fish the river! There is presently no well or septic here--just a very nice outhouse. Septic and well can be added by the buyer if they desire to upgrade in the future. Large great room that houses the large living room, kitchen, and dining area. There are 3 separate bedrooms. Also an attached 2 stall garage. Parcel is part of the Stony River Estates CIC. Association fee is $600 per year and includes snow plowing, garbage pick up, and connection to a large generator in case the power goes out. There is also a year around association resident that lives nearby that keeps an eye on things for the members. What a great place to have as your headquarters for exploring the great northwoods that surrounds you here!

Last Agent to Sell the Property

Jeff Hway

Bear Island Realty LLC Listed on: 07/27/2020

Last Buyer's Agent

Don Stocks

Wildwoods Land Company

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $721

Year Built

  • Built in 2000

Lot Details

  • 1.8 Acre Lot
  • Lot Dimensions are 485 x 178
  • 30 Feet of Waterfront
  • River Front
  • Property fronts a private road
  • Level Lot
  • Few Trees

Parking

  • 2 Car Attached Garage

Home Design

  • Cabin
  • Slab Foundation
  • Poured Concrete
  • Wood Frame Construction
  • Metal Roof
  • Metal Siding

Interior Spaces

  • 1,050 Sq Ft Home
  • 1-Story Property
  • Woodwork
  • Vaulted Ceiling
  • Free Standing Fireplace
  • Wood Frame Window
  • Living Room
  • Open Floorplan
  • Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom Rough-In
  • Bathroom on Main Level
  • 0.5 Bathroom

Outdoor Features

  • Deeded Waterfront Access Rights
  • Outhouse

Utilities

  • Heating System Uses Wood
  • Water Not Available

Community Details

  • Association fees include snow removal

Listing and Financial Details

  • Assessor Parcel Number 20-6067-01200

Home Details

Home Type

Single Family

Est. Annual Taxes

$721

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Ely, Go south on Hwy 1 about 22 miles to Kiwadinipi Rd on the right, Turn in and take the first right to the cabin.
  • L O1 Office Phone1 Number: 218-365-2800
  • List Price/ Sq Ft: 99.05
  • Road Maintenance: Association
  • Property Sub-Type: SF/Detached
  • Tax Year: 2020
  • Lot Description Waterfront: Yes
  • Reso Association Amenities: Natural Woodwork, Vaulted Ceilings
  • Total One Quarter Bathrooms: 1
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1050
  • Garage Type: Attached
  • Heat: Fireplace, Wood
  • Fireplaces: 1
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: Yes
  • Reso Roof: Metal
  • Bedroom 3: Bedroom
  • TotalBedrooms: 3
  • Year Built: 2000
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • Property Style: Rustic Cabin
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range/Stove, Refrigerator
  • Basement Material: Poured Concrete
  • Basement Style: Slab
  • Bathroom Description: Rough In
  • Formal Dining: Combine with Kitchen, Combine with Living Room
  • Fireplace: Yes
  • Den Fireplace Type: Free Standing
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Bedroom
  • Main Residence Features:Family Room4: Bedroom
  • Stories: 1 Story
  • Total Bathrooms: 1
  • Total Fin Square Footage: 1050
  • Exercise Room Level2: Main

Exterior Features

  • Out Buildings: Other Buildings
  • Road Frontage: Private
  • Waterfront Access: Deeded Access
  • Water Frontage In Feet: 30
  • Waterfront Name: Stony
  • Construction Status: Previously Owned
  • Exterior: Metal
  • Window Features:Insulated Windows: Wood Frame

Garage/Parking

  • Garage Capacity: 2

Utilities

  • Power Company: Lake Country Power
  • Sewer: Outhouse
  • Water: None

Fee Information

  • Association Fee Includes: Snow Removal

Schools

  • School District: Lake Superior #381
  • Junior High Dist: Lake Superior #381

Lot Info

  • Geo Update Timestamp: 2020-07-27
  • Estimated Lot Dimensions: 485 X 178
  • Estimated Number of Acres: 1.8
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Accessible Shoreline, Tree Coverage - Light, Level
  • Parcel Number: 20-6067-01200
  • Waterfront Type: River

Tax Info

  • Tax Amount: 720.56

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2020
Closed on
Oct 30, 2020
Sold by
Vredenburg Dale V and Vredenburg Wayne R
Bought by
Tvedt John and Hemmesch Doris A
Seller's Agent
Jeff Hway
Bear Island Realty LLC
Buyer's Agent
Don Stocks
Wildwoods Land Company
List Price
$104,000
Sold Price
$104,000
Current Estimated Value
$199,519

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,519
Avg. Annual Appreciation
12.78%
Original Mortgage
$83,200
Outstanding Balance
$72,653
Interest Rate
6.56%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$112,395

Purchase Details

Closed on
Jan 4, 2010
Sold by
Limato Anthony and Knaus Denise
Bought by
Queen City Federal Savings Bank

Purchase Details

Closed on
Oct 16, 2006
Sold by
Knaus Denise
Bought by
Limato Anthony
Source: Public Records

Range of Values:

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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
Tvedt John $104,000 None Available
Queen City Federal Savings Bank $5,591 None Available
Limato Anthony -- Northeast Title Company
Tvedt John John $104,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tvedt John $83,200
Previous Owner Limato Anthony $52,020
Closed Tvedt John John $84,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2020 10/30/20 Sold $104,000 0.0% $99 / Sq Ft
08/25/2020 08/25/20 Pending -- -- --
07/27/2020 07/27/20 For Sale $104,000 -- $99 / 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
2024 $777 $185,900 $22,700 $163,200
2023 $590 $187,700 $22,700 $165,000
2022 $690 $128,800 $19,900 $108,900
2021 $651 $86,300 $18,900 $67,400
2020 $721 $68,309 $44,209 $24,100
2019 $718 $68,309 $44,209 $24,100
2018 $675 $84,000 $21,400 $62,600
2017 $661 $78,600 $17,600 $61,000
2016 $676 $79,300 $17,600 $61,700
2015 $673 $80,000 $17,600 $62,400
2014 $673 $0 $0 $0
2013 $603 $0 $0 $0
2012 $636 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jeff Hway

    Seller's Agent in 2020

    Jeff Hway

    Bear Island Realty LLC

    (218) 349-0906

    171 Total Sales

    Section Image
  • Don Stocks

    Buyer's Agent in 2020

    Don Stocks

    Wildwoods Land Company

    (218) 340-1353

    106 Total Sales

    Section Image
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6091927

APN: 20-6067-01200

Minnesota Lake County 55607

1487 Nipi Ln, MN

This home is located at 1487 Nipi Ln, Isabella, MN 55607 since 27 July 2020 and is currently estimated at $211,126, approximately $201 per square foot. This property was built in 2000. 1487 Nipi Ln is a home located in Lake County with nearby schools including Minnehaha Elementary School and Two Harbors Secondary.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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