NOT LISTED FOR SALE

2616 Bear Island River Rd Ely, MN 55731

Ely Area

Estimated Value: $236,000 - $808,848

1.1 Acres
$514,284 Price per Acre
47,916 Sq Ft Lot

Sale Details

Date Sold: July 12, 2019

Last sale price $176,000

Est. 221% increase in value since last sale

Current estimated payment $3,631 / mo

1 Day on Market

Highlights

  • Boathouse
  • Private Waterfront
  • Landscaped with Trees
  • Memorial High School Rated 9+
  • Lake View
  • High Speed Internet

About This Lot

As of July 2019

1.1 acre parcel on Bear Island Lake. This beautifully wooded parcel has accessible shoreline, a concrete foundation, shed, and boat house. There is a driveway in place and a dug well and septic.

Last Agent to Sell the Property

Bruce Chernak

Bear Island Realty LLC Listed on: 05/06/2019

Last Buyer's Agent

Bruce Chernak

Bear Island Realty LLC Listed on: 05/06/2019

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,808

Lot Details

  • 1.1 Acre Lot
  • Lot Dimensions are 400 x 150
  • Private Waterfront
  • 146 Feet of Waterfront
  • Lake Front
  • Property fronts a county road
  • Landscaped with Trees

Property Views

  • Lake Views

Parking

  • Gravel Driveway
  • Off-Street Parking

Outdoor Features

  • Boathouse
  • Storage Shed

Utilities

  • Private Company Owned Well
  • Private or Community Septic Tank
  • High Speed Internet
  • Phone Available

Property Details

Property Type

Land

Est. Annual Taxes

$1,808

Lot Details

1.1 Acres

Listing Details

  • Class: LOT/LAND
  • Directions: From Ely, travel south on Hwy 21 to Bear Island River Rd. Turn right and follow to the property address.
  • InternetOptions: DSL
  • L O1 Office Phone1 Number: 218-365-2800
  • Renewal Options: Sell Entirely
  • RdBtwnWtrfrnt: No
  • Road Maintenance: Public
  • ShorelineCharacteristics: Gravel
  • Property Sub-Type: Residential
  • Tax Year: 2019
  • View Type:Pond View: Inland Lake
  • Lot Description Waterfront: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Out Buildings: Boathouse, Storage Shed, Other Bldngs
  • Road Frontage: County
  • Waterfront Access: Private
  • Water Frontage In Feet: 146
  • Waterfront Name: Bear Island

Garage/Parking

  • Parking Driveway: Driveway - Gravel, Off Street

Utilities

  • Available Utilities: Electric, Private Septic, Private Well, Telephone
  • On Site Utilities: Electric, Private Septic, Private Well
  • Power Company: Lake Country Power

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 400 x 150
  • Estimated Number of Acres: 1.1
  • Cultivated Acreage: LSAR
  • Builder Restrictions: None
  • Development Status: Raw Land
  • Geo Subdivision: MN
  • Land Improvements: Yes
  • Lot Description: Tree Coverage - Medium
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 1808

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2019
Closed on
Jul 10, 2019
Sold by
Bought by
Seller's Agent
Bruce Chernak
Bear Island Realty LLC
Buyer's Agent
Bruce Chernak
Bear Island Realty LLC
List Price
$176,000
Sold Price
$176,000
Current Estimated Value
$565,712

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$389,712
Avg. Annual Appreciation
18.12%
Original Mortgage
$140,800
Interest Rate
3.82%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 20, 2014
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$176,000 Northeast Title Company
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $500,000
Closed $248,900
Closed $140,800
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/12/2019 07/12/19 Sold $176,000 0.0% --
05/07/2019 05/07/19 Pending -- -- --
05/06/2019 05/06/19 For Sale $176,000 -- --
Source: Lake Superior Area REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $6,692 $605,300 $204,100 $401,200
2023 $6,570 $485,100 $164,700 $320,400
2022 $1,938 $427,500 $149,900 $277,600
2021 $1,816 $150,400 $140,000 $10,400
2020 $1,682 $136,700 $127,600 $9,100
2019 $1,872 $136,700 $127,600 $9,100
2018 $1,868 $150,500 $141,200 $9,300
2017 $1,894 $150,500 $141,200 $9,300
2016 $1,858 $152,100 $138,200 $13,900
2015 $1,820 $152,100 $138,200 $13,900
2014 $1,820 $152,100 $138,200 $13,900
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2019

    Bruce Chernak

    Bear Island Realty LLC

See All Agents

Map

Source: Lake Superior Area REALTORS®

MLS Number: 6084754

APN: 625002500300

Minnesota St Louis County Ely 55731

2616 Bear Island River Rd, Ely, MN

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Listings courtesy of Lake Superior Area REALTORS® as distributed by MLS GRID

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