NOT LISTED FOR SALE

2164 Bear Island River Rd Ely, MN 55731

Estimated Value: $348,000 - $537,000

2 Beds
1 Bath
2,056 Sq Ft
$225/Sq Ft Est. Value

Last Sold January 15, 2019

Last sale price $320,000 $156 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $2,698/month

112 Days on Market

Highlights

  • Greenhouse
  • Panoramic View
  • 61 Acre Lot
  • Memorial High School Rated 9+
  • Heated Floors
  • Property is near forest

About This Home

As of January 2019

Off-grid, highly efficient, sustainable living home with a low carbon footprint that is on approx. 61.4 acres. This home is 1 of 5000 featured in the 21st Annual National Home Tour. The 2 bedroom, 1 bath home is run off of 8 Photo-voltaic panels to meet electrical needs. Four flat-plate hot water solar thermal panels provide the homes domestic hot water and supplement the in-floor heat, with propane back-up and generator. The main floor of the home features a bright sun-room; an open concept living and dining room; spacious kitchen; a cozy bedroom; bathroom and utility/mud room. Italian slate is used in various applications thorough out the house including outside pathways. Above the kitchen is a loft where a larger bedroom and office space is located. An elevated wood stove in the living room; massive Norway pine beams, passive solar windows and well-insulated walls/ceilings add to the unique qualities of the home. The exceptional vegetable garden and greenhouse, set up with a timed drip irrigation watering system, provide produce to several local restaurants. Also, there is a very large raspberry patch to enjoy. The well-insulated 52’ x 40’ pole barn/workshop with 16’ wall is fully illuminated with LED lighting. Property also features a Band Shell/Gazebo featuring Western Red Cedar log poles located near a developed fire pit with surrounding benches. In the same out-door area is a wood fired oven covered by a timber frame structure, a table with seating that makes for great entertaining! Very private setting with the Bear Island River flowing through the property surrounded by Federal and County land. Annual utility usage: 20 gal gasoline for generator; 95 gallon propane; 3/4 cord of wood; 2.5 gallon distilled water for batteries; fill propane tank every 8 years. Category 1 framing. Spring walleye and fall wild rice in River.

Last Agent to Sell the Property

Jeff Hway

Bear Island Realty LLC Listed on: 08/06/2018

Last Buyer's Agent

Nonmember NONMEMBER

Nonmember Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,534

Year Built

  • Built in 2001

Lot Details

  • 61 Acre Lot
  • Property fronts a highway
  • Irregular Lot
  • Irrigation
  • Many Trees

Home Design

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

Interior Spaces

  • 2,056 Sq Ft Home
  • 2-Story Property
  • Woodwork
  • Beamed Ceilings
  • Vaulted Ceiling
  • Free Standing Fireplace
  • Combination Dining and Living Room
  • Den
  • Sun or Florida Room
  • Utility Room
  • Panoramic Views
  • Range

Flooring

  • Wood
  • Heated Floors

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • Bathroom on Main Level
  • 1 Bathroom

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Parking

  • 1 Car Garage
  • Carport
  • Off-Street Parking

Outdoor Features

  • Greenhouse
  • Pole Barn

Utilities

  • Heating System Uses Propane
  • Dug Well
  • Mound Septic

Additional Features

  • Solar Heating System
  • Property is near forest

Listing and Financial Details

  • Assessor Parcel Number 610-0010-00790

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,534

Year Built

Built in 2001

Lot Details

61 Acres

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Ely, Take Sheridan Street to Central Avenue. Turn south and follow approx. 6.6 miles to Bear Island River Rd. Turn right onto Bear Island River Rd. and follow for 1 mile. Property is on the left. Shown by appointment only.
  • L O1 Office Phone1 Number: 218-365-2800
  • Remodeled Addition: No
  • Road Maintenance: Private
  • Property Sub-Type: SF/Detached
  • Tax Year: 2018
  • View Type:Pond View: Panoramic
  • Lot Description Waterfront: No
  • Reso Association Amenities: Hardwood Floors, Natural Woodwork, Vaulted Ceilings, Beamed Ceilings, Main Floor Laundry, Dryer Hook-Ups, Washer Hook-Ups
  • Amenities Exterior: Watering System
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 2056
  • Garage Type: Carport
  • Heat: In Floor, Propane, Solar
  • Fireplaces: 1
  • Reso Roof: Metal, Rubber
  • Bedroom 3: Kitchen
  • TotalBedrooms: 2
  • Year Built: 2001
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Upper
  • RoomLevel5: Main
  • RoomLevel6: Main
  • RoomLevel7: Upper
  • RoomLevel8: Main
  • RoomLevel9: Main
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Appliances: Range/Stove, Refrigerator
  • Basement Features: N/A
  • Basement Material: Poured Concrete
  • Basement Style: Slab
  • Bathroom 1 Level: main
  • Bathroom Description: 3/4 Main Floor
  • Formal Dining: Combine with Living Room
  • Extra Rooms: Sunrm/Solarium, Utility Room
  • Fireplace: Yes
  • Den Fireplace Type: Free Standing
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Dining Room
  • Main Residence Features:Family Room4: Master Bedroom
  • Bedroom 5: Utility Room
  • Stories: 2 Story
  • Room 6: Bedroom
  • Room 7: Den/Office
  • Room 8: Sunroom/Solarium
  • Room 9: Bathroom
  • Total Bathrooms: 1
  • Total Fin Square Footage: 2056
  • Exercise Room Level2: Main

Exterior Features

  • Out Buildings: Greenhouse, Pole Building, Other Buildings
  • Road Frontage: Highway, Forest Service
  • Construction Status: Previously Owned
  • Exterior: Wood

Garage/Parking

  • Parking Driveway: Off Street
  • Garage Capacity: 1

Utilities

  • Power Company: Lake Country Power
  • Sewer: Mound
  • Water: Dug

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: irregular
  • Estimated Number of Acres: 61
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Irregular Lot, Tree Coverage - Heavy
  • Parcel Number: 610-0010-00790

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 2534

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2018
Closed on
Jan 15, 2019
Sold by
Hill Andrew J and Hill Paula J
Bought by
Hustad Todd A and Hustad Siri
Seller's Agent
Jeff Hway
Bear Island Realty LLC
Buyer's Agent
Nonmember NONMEMBER
Nonmember Office
List Price
$320,000
Sold Price
$320,000
Current Estimated Value
$462,676

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$142,676
Avg. Annual Appreciation
5.28%
Original Mortgage
$130,000
Outstanding Balance
$80,513
Interest Rate
4.7%
Mortgage Type
New Conventional
Estimated Equity
$382,163

Purchase Details

Closed on
Jan 9, 2012
Sold by
Hill Andrew J and Hill Paula J
Bought by
Hill Andrew J and Hill Paula J

Purchase Details

Closed on
Nov 5, 2008
Sold by
Hill Andrew J and Hill Paula J
Bought by
Hill Andrew J and Hill Paula J

Purchase Details

Closed on
Jan 15, 2003
Sold by
Hill Andrew J and Hill Paula J
Bought by
A & P Co
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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Purchase History

Date Buyer Sale Price Title Company
Hustad Todd A $320,000 Northeast Title Company
Hill Andrew J -- None Available
Hill Andrew J -- None Available
Hill Andrew J -- None Available
A & P Co -- Northeast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hustad Todd A $130,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/15/2019 01/15/19 Sold $320,000 0.0% $156 / Sq Ft
11/26/2018 11/26/18 Pending -- -- --
08/06/2018 08/06/18 For Sale $320,000 -- $156 / Sq Ft
Source: Lake Superior Area REALTORS®

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 $3,496 $335,400 $130,100 $205,300
2023 $3,496 $307,300 $119,100 $188,200
2022 $3,188 $280,000 $109,000 $171,000
2021 $3,348 $251,600 $99,800 $151,800
2020 $2,690 $251,600 $99,800 $151,800
2019 $2,552 $251,600 $99,800 $151,800
2018 $2,534 $247,800 $96,000 $151,800
2017 $2,658 $247,900 $96,100 $151,800
2016 $2,628 $252,100 $104,000 $148,100
2015 -- $235,000 $98,200 $136,800
2014 -- $235,000 $98,200 $136,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6077679

APN: 610001000790

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