NOT LISTED FOR SALE

2322 Bear Island River Rd Ely, MN 55731

Estimated Value: $153,000 - $230,469

40 Acres
$4,853 Price per Acre
1,742,400 Sq Ft Lot

Last Sold November 20, 2020

Last sale price $112,000

Est. 73% increase in value since last sale

Current estimated payment $1,231/month

88 Days on Market

Highlights

  • Private Waterfront
  • Bay View
  • Many Trees
  • Docks
  • 40 Acre Lot
  • Level Lot

About This Lot

As of November 2020

Very private setting for a home or get away cabin. Property is surrounded by Federal land with over 1000 ft. of shoreline on the Bear Island River very close to Bear island Lake. Many good building sites along the river allowing great views. Great tree cover includes pine, birch, aspen and maple. Property has been approved for septic. Well built long driveway with a gate at the edge of the property for privacy and security. Property has been surveyed and has a permit to cross Federal land. Property includes a dock to the river. Only 9 miles from Ely on good roads.

Last Agent to Sell the Property

Anna Yahnke

Bear Island Realty LLC Listed on: 07/10/2020

Co-Listed By

Kate Davies

Bear Island Realty LLC

Last Buyer's Agent

Nonmember NONMEMBER

Nonmember Office

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,162

Lot Details

  • 40 Acre Lot
  • Lot Dimensions are 1300 x 1330
  • Private Waterfront
  • 1,000 Feet of Waterfront
  • River Front
  • Street terminates at a dead end
  • Level Lot
  • Many Trees

Parking

  • Gravel Driveway

Property Views

  • Bay
  • River
  • Panoramic

Outdoor Features

  • Docks

Property Details

Property Type

Land

Est. Annual Taxes

$1,162

Lot Details

0

Listing Details

  • Class: LOT/LAND
  • Directions: From Ely go south on Hwy 21 6 miles to Bear Island River Road. Turn right onto Bear Island River Road and go 3 mile to driveway on the left.
  • L O1 Office Phone1 Number: 218-365-2800
  • Renewal Options: Sell Entirely
  • List Price/ Sq Ft: 2800
  • RdBtwnWtrfrnt: No
  • Road Maintenance: Private, Year Round
  • ShorelineCharacteristics: Undeveloped, Shore-Vegetation
  • Property Sub-Type: Recreational
  • Tax Year: 2020
  • View Type:Pond View: Bay, River, Panoramic
  • Lot Description Waterfront: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Frontage: Dead End/No Outlet
  • Waterfront Access: Private
  • Water Frontage In Feet: 1000
  • Waterfront Name: Bear Island

Garage/Parking

  • Parking Driveway: Driveway - Gravel

Schools

  • School District: Ely #696
  • Junior High Dist: Ely #696

Lot Info

  • Geo Update Timestamp: 2020-07-13
  • Estimated Lot Dimensions: 1300 x 1330
  • Estimated Number of Acres: 40
  • Cultivated Acreage: LSAR
  • Builder Restrictions: None
  • Geo Subdivision: MN
  • Improvements: Dock
  • Land Improvements: No
  • Lot Description: Low Land, Tree Coverage - Heavy, Level
  • Waterfront Type: River

Tax Info

  • Tax Amount: 1162

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2020
Closed on
Nov 9, 2020
Sold by
Norrell Mark E and Norrell Kristen M
Bought by
Wiltzius Abbey Lynn and Wiltzius Craig Joseph
Seller's Agent
Anna Yahnke
Bear Island Realty LLC
Buyer's Agent
Nonmember NONMEMBER
Nonmember Office
List Price
$112,000
Sold Price
$112,000
Current Estimated Value
$194,117

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,117
Avg. Annual Appreciation
8.39%
Original Mortgage
$70,850
Outstanding Balance
$8,785
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$155,836

Purchase Details

Closed on
Jan 10, 2003
Sold by
Graham Clarence A
Bought by
Norrell Mark E and Norrell Kristen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,000
Interest Rate
5.94%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Wiltzius Abbey Lynn $112,000 Northeast Title Company
Norrell Mark E $60,000 Ati Title Company
Wiltzius Abby Abby $112,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wiltzius Abbey Lynn $70,850
Previous Owner Norrell Mark E $97,500
Previous Owner Norrell Mark E $48,000
Closed Wiltzius Abby Abby $111,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2020 11/20/20 Sold $112,000 0.0% --
10/06/2020 10/06/20 Pending -- -- --
07/10/2020 07/10/20 For Sale $112,000 -- --
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
2023 $2,070 $137,600 $130,900 $6,700
2022 $1,250 $118,000 $115,700 $2,300
2021 $1,300 $109,600 $109,600 $0
2020 $1,232 $102,300 $99,500 $2,800
2019 $1,328 $102,300 $99,500 $2,800
2018 $1,324 $113,400 $110,600 $2,800
2017 $1,424 $113,600 $110,800 $2,800
2016 $1,386 $119,400 $112,900 $6,500
2015 $1,350 $119,400 $112,900 $6,500
2014 $1,350 $119,400 $112,900 $6,500
Source: Public Records

Agents Affiliated with this Home

  • Anna Yahnke

    Seller's Agent in 2020

    Anna Yahnke

    Bear Island Realty LLC

    (218) 235-3547

    192 Total Sales

    Anna Yahnke
    Section Image
  • Kate Davies

    Seller Co-Listing Agent in 2020

    Kate Davies

    Bear Island Realty LLC

    (218) 343-9173

    180 Total Sales

    Kate Davies
    Section Image

  • N

    Buyer's Agent in 2020

    Nonmember NONMEMBER

    Nonmember Office

See All Agents

Map

Source: Lake Superior Area REALTORS®

MLS Number: 6091554

APN: 625001000160

Minnesota St Louis County Ely 55731

2322 Bear Island River Rd, Ely, MN

This home is located at 2322 Bear Island River Rd, Ely, MN 55731 since 10 July 2020 and is currently estimated at $194,117. 2322 Bear Island River Rd is a home located in St. Louis County with nearby schools including Washington Elementary School and Memorial High School.

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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