NOT LISTED FOR SALE

2702 Bear Island River Rd Ely, MN 55731

Estimated Value: $494,000 - $647,000

3 Beds
2.5 Baths
3,780 Sq Ft
$149/Sq Ft Est. Value

Last Sold July 15, 2021

Last sale price $400,000 $106 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $3,335/month

13 Days on Market

Highlights

  • Private Waterfront
  • Contemporary Architecture
  • Living Room
  • Memorial High School Rated 9+
  • Recreation Room
  • Landscaped with Trees

About This Home

As of July 2021

This year-round home features 3BR & 2 BA and is located on a level, beautifully wooded lot on Bear Island Lake. The large living room features vaulted ceilings, sunken sitting area, fireplace, & wonderful views of the lake. The formal dining room, eat-in kitchen and ½ bath complete the main floor. All three bedrooms upstairs feature vaulted ceilings & extra windows for great natural light. Basement features a rec. room, family room, laundry, ¾ bath & den/office. Cedar siding, new roof. Enjoy privacy and great swimming from this northwoods home. *SLLS*

Last Agent to Sell the Property

Kate Davies

Bear Island Realty LLC Listed on: 05/07/2021

Last Buyer's Agent

Jerry Fink

Canoe Capital Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,606

Year Built

  • Built in 1972

Lot Details

  • 2.2 Acre Lot
  • Lot Dimensions are 200 x 470
  • Private Waterfront
  • 200 Feet of Waterfront
  • Lake Front
  • Level Lot
  • Landscaped with Trees

Parking

  • No Garage

Home Design

  • Contemporary Architecture
  • Concrete Foundation
  • Poured Concrete
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Wood Burning Fireplace
  • Living Room
  • Dining Room
  • Recreation Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level

Basement

  • Basement Fills Entire Space Under The House
  • Bedroom in Basement
  • Finished Basement Bathroom

Utilities

  • Heating System Uses Oil
  • Heating System Uses Wood
  • Private Water Source
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number 625-0026-00560,00570

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,606

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Ely, Take Hwy 21 S +/- 6 miles, turn right on Bear Island River Rd, keep right at fork- 1st driveway on left
  • L O1 Office Phone1 Number: 218-365-2800
  • Property Sub-Type: SF/Detached
  • Tax Year: 2021
  • Lot Description Waterfront: Yes
  • Half Bathrooms: 1
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 2700
  • Below Grade Finished Sq Ft: 1080
  • Garage Type: None
  • Heat: Fireplace, Wood, Oil
  • Fireplaces: 1
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Kitchen
  • TotalBedrooms: 3
  • Year Built: 1972
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Basement
  • RoomLevel5: Second Floor
  • RoomLevel6: Second Floor
  • RoomLevel7: Second Floor
  • Property Style: Contemporary
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Basement Material: Concrete Block, Poured Concrete
  • Basement Style: Full
  • Bathroom Description: 3/4 Basement, 1/2 Main Floor, Full Upper
  • Fireplace: Yes
  • Den Fireplace Type: Wood Burning
  • Bedroom Features:Main Floor Bedroom: No
  • Bathroom 1: Living Room
  • Bathroom 2: Dining Room
  • Main Residence Features:Family Room4: Rec Room
  • Bedroom 5: Master Bedroom
  • Stories: 2 Story
  • Room 6: Bedroom
  • Room 7: Bedroom
  • Total Bathrooms: 3
  • Total Fin Square Footage: 3780
  • Exercise Room Level2: Main

Exterior Features

  • Waterfront Access: Private
  • Water Frontage In Feet: 200
  • Waterfront Name: Bear Island
  • Construction Status: Previously Owned
  • Exterior: Wood

Utilities

  • Power Company: Lake Country Power
  • Sewer: Private
  • Water: Private

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 200 X 470
  • Estimated Number of Acres: 2.2
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Accessible Shoreline, Tree Coverage - Medium, Level
  • Parcel Number: 625-0026-00560,00570
  • Waterfront Type: Inland Lake

Tax Info

  • Tax Amount: 3606

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2021
Closed on
Jul 9, 2021
Sold by
Vollom Douglas T
Bought by
Simone Silas H and Simone Heather A
Seller's Agent
Kate Davies
Bear Island Realty LLC
Buyer's Agent
Jerry Fink
Canoe Capital Realty, LLC
List Price
$400,000
Sold Price
$400,000
Current Estimated Value
$564,233

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$164,233
Avg. Annual Appreciation
7.98%
Original Mortgage
$320,000
Outstanding Balance
$289,720
Interest Rate
2.9%
Mortgage Type
Credit Line Revolving
Estimated Equity
$274,513

Purchase Details

Closed on
Dec 28, 2016
Sold by
Vollom Thomas Martin and Vollom Jennifer
Bought by
Vollom Douglas T and Vollom Judith L
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
Simone Silas H $400,000 Northeast Title Company
Vollom Douglas T -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Simone Silas H $320,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/15/2021 07/15/21 Sold $400,000 0.0% $106 / Sq Ft
05/20/2021 05/20/21 Pending -- -- --
05/07/2021 05/07/21 For Sale $400,000 -- $106 / 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 $4,620 $433,800 $150,400 $283,400
2023 $4,620 $347,700 $121,300 $226,400
2022 $3,102 $306,400 $110,300 $196,100
2021 $2,530 $239,900 $104,900 $135,000
2020 $2,362 $213,200 $95,700 $117,500
2019 $2,464 $213,200 $95,700 $117,500
2018 $2,448 $226,200 $105,800 $120,400
2017 $2,528 $226,200 $105,800 $120,400
2016 $2,498 $230,500 $105,500 $125,000
2015 $2,416 $222,800 $102,000 $120,800
2014 $2,416 $222,800 $102,000 $120,800
Source: Public Records

Agents Affiliated with this Home

  • Kate Davies

    Seller's Agent in 2021

    Kate Davies

    Bear Island Realty LLC

    (218) 343-9173

    167 Total Sales

    Kate Davies
    Section Image
  • Jerry Fink

    Buyer's Agent in 2021

    Jerry Fink

    Canoe Capital Realty, LLC

    (218) 343-1318

    52 Total Sales

    Jerry Fink
    Section Image
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6096570

APN: 625002600560

Minnesota St Louis County Ely 55706

2702 Bear Island River Rd, Ely, MN

Not Listed for Sale

Detached

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