NOT LISTED FOR SALE

2531 Bear Island River Rd Ely, MN 55731

Estimated Value: $384,994 - $508,000

2 Beds
1 Bath
1,260 Sq Ft
$343/Sq Ft Est. Value

Last Sold August 15, 2018

Last sale price $242,900 $193 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $2,455/month

12 Days on Market

Highlights

  • Panoramic View
  • Vaulted Ceiling
  • Loft
  • Memorial High School Rated 9+
  • Main Floor Primary Bedroom
  • 2 Car Detached Garage

About This Home

As of August 2018

Quality northwoods home on a beautiful pine studded 5+ acre private site just a couple blocks from a public landing on Bear Island Lake. This open concept home features alder kitchen cabinetry with a center island, tile flooring throughout the main level, and a highly efficient Jotul wood stove. Main floor laundry, master bedroom and tons of storage. Large upper loft. Beautiful log siding, metal roof, patio and 2 car garage complete this opportunity to be in this private location. Just move right in – home is furnished! *SLLS*

Last Agent to Sell the Property

Bruce Chernak

Bear Island Realty LLC Listed on: 06/27/2018

Last Buyer's Agent

Jim Burke

Keller Williams Classic Realty NW

Keller Williams Classic Realty NW

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,180

Year Built

  • Built in 2009

Lot Details

  • 5.12 Acre Lot
  • Lot Dimensions are 300 x 700
  • Property fronts a county road
  • Many Trees

Home Design

  • Wood Frame Construction
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 1,260 Sq Ft Home
  • 2-Story Property
  • Woodwork
  • Vaulted Ceiling
  • Wood Burning Fireplace
  • Living Room
  • Dining Room
  • Open Floorplan
  • Loft
  • Tile Flooring
  • Panoramic Views

Kitchen

  • Range
  • Microwave
  • Kitchen Island

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

  • 2 Car Detached Garage
  • Gravel Driveway
  • Off-Street Parking

Utilities

  • No Cooling
  • Heating System Uses Wood
  • Baseboard Heating
  • Private Water Source
  • Drilled Well
  • Electric Water Heater
  • Mound Septic
  • Private Sewer
  • High Speed Internet

Additional Features

  • Energy-Efficient Windows
  • Patio

Listing and Financial Details

  • Assessor Parcel Number 625-0010-01381

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,180

Year Built

Built in 2009

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Ely or Babbitt, take Hwy 21 to Bear Island River Road. Turn onto Bear Island River Road and follow to the property address on the right.
  • InternetOptions: DSL
  • L O1 Office Phone1 Number: 218-365-2800
  • Road Maintenance: Public
  • Property Sub-Type: SF/Detached
  • Tax Year: 2018
  • View Type:Pond View: Panoramic
  • Lot Description Waterfront: No
  • Air Conditioner: None
  • Reso Association Amenities: Kitchen Center Island, Natural Woodwork, Tiled Floors, Vaulted Ceilings, Main Floor Laundry, Dryer Hook-Ups, Washer Hook-Ups
  • Amenities Exterior: Patio
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1260
  • Garage Type: Detached
  • Heat: Baseboard, Fireplace, Wood, Electric
  • Fireplaces: 1
  • Reso Roof: Metal
  • Bedroom 3: Kitchen
  • TotalBedrooms: 2
  • Year Built: 2009
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Upper
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Appliances: Microwave, Range/Stove, Refrigerator
  • Basement Features: N/A
  • Basement Material: N/A
  • Basement Style: None
  • Bathroom 1 Level: main
  • Bathroom Description: 3/4 Main Floor
  • Formal Dining: Combine with Kitchen, Combine with Living Room
  • Fireplace: Yes
  • Den Fireplace Type: Wood Burning
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Dining Room
  • Main Residence Features:Family Room4: Master Bedroom
  • Bedroom 5: Loft
  • Stories: 2 Story
  • Total Bathrooms: 1
  • Total Fin Square Footage: 1260
  • Exercise Room Level2: Main

Exterior Features

  • Road Frontage: County, Paved
  • Construction Status: Previously Owned
  • Exterior: Wood
  • Window Features:Insulated Windows: Energy Windows

Garage/Parking

  • Parking Driveway: Off Street, Driveway - Gravel
  • Garage Capacity: 2

Utilities

  • Power Company: Lake Country Power
  • Sewer: Private, Mound
  • Water: Private, Drilled

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 300 x 700
  • Estimated Number of Acres: 5.12
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Tree Coverage - Heavy
  • Parcel Number: 625-0010-01381

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 2180

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 25, 2022
Sold by
Greiner Randall M
Bought by
Greiner Randall M and Greiner Corinne E
Current Estimated Value
$433,473

Purchase Details

Listed on
Jun 27, 2018
Closed on
Aug 15, 2018
Sold by
Moerke Wayne and Moerke Darlene
Bought by
Greiner Randall
Seller's Agent
Bruce Chernak
Bear Island Realty LLC
Buyer's Agent
Jim Burke
Keller Williams Classic Realty NW
List Price
$242,900
Sold Price
$242,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.05%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Greiner Randall M -- None Listed On Document
Greiner Randall $242,900 Northeast Title Company
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/15/2018 08/15/18 Sold $242,900 0.0% $193 / Sq Ft
07/09/2018 07/09/18 Pending -- -- --
06/27/2018 06/27/18 For Sale $242,900 -- $193 / 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 $2,524 $300,100 $72,600 $227,500
2023 $2,524 $262,200 $65,100 $197,100
2022 $1,888 $239,200 $60,000 $179,200
2021 $1,842 $184,700 $50,900 $133,800
2020 $1,710 $171,300 $50,900 $120,400
2019 $1,762 $171,300 $50,900 $120,400
2018 $2,240 $179,800 $56,000 $123,800
2017 $2,320 $179,800 $56,000 $123,800
2016 $2,286 $185,700 $59,600 $126,100
2015 $2,240 $185,700 $59,600 $126,100
2014 $2,240 $185,700 $59,600 $126,100
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2018

    Bruce Chernak

    Bear Island Realty LLC

  • J

    Buyer's Agent in 2018

    Jim Burke

    Keller Williams Classic Realty NW

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6076520

APN: 625001001381

Minnesota St Louis County Ely 55731

2531 Bear Island River Rd, Ely, MN

Not Listed for Sale

Detached

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