NOT LISTED FOR SALE

2702 Bear Island River Rd Ely, MN 55731

Estimated Value: $414,000 - $490,000

3 Beds
3 Baths
3,780 Sq Ft
$121/Sq Ft Est. Value

Sale Details

Date Sold: July 15, 2021

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

Est. 15% increase in value since last sale

Current estimated payment $2,797 / mo

About This Home

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*

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
$458,481

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,481
Avg. Annual Appreciation
2.91%
Original Mortgage
$320,000
Outstanding Balance
$286,546
Interest Rate
2.9%
Mortgage Type
Credit Line Revolving
Estimated Equity
$171,935

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
Not Available
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 Prior Sale
07/15/2021 07/15/21 Sold $400,000 0.0% $106 / Sq Ft View Prior Sale
05/20/2021 05/20/21 Pending -- -- --
05/07/2021 05/07/21 For Sale $400,000 -- $106 / Sq Ft

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 $4,594 $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

    159 Total Sales

    Kate Davies
    Section Image
  • Jerry Fink

    Buyer's Agent in 2021

    Jerry Fink

    Canoe Capital Realty, LLC

    (218) 343-1318

    47 Total Sales

    Jerry Fink
    Section Image
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Map

Minnesota St Louis County Ely 55706

2702 Bear Island River Rd, Ely, MN

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