NOT LISTED FOR SALE

2702 Bear Island River Rd Ely, MN 55731

Estimated Value: $478,000 - $536,000

3 Beds
2.5 Baths
3,780 Sq Ft
$132/Sq Ft Est. Value

Sale Details

Date Sold: July 15, 2021

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

Est. 25% increase in value since last sale

Current estimated payment $3,077 / mo

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 License #MN 20587769

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

2.2 Acres

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

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 7, 2021
Closed on
Jul 9, 2021
Sold by
Bought by
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
$499,782

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,782
Avg. Annual Appreciation
4.60%
Original Mortgage
$320,000
Outstanding Balance
$286,546
Interest Rate
2.9%
Mortgage Type
Credit Line Revolving
Estimated Equity
$213,236

Purchase Details

Closed on
Dec 28, 2016
Sold by
Bought by
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

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
$400,000 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 $320,000
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
07/15/2021 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

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 $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

    157 Total Sales

    Kate Davies
    Section Image
  • Jerry Fink

    Buyer's Agent in 2021

    Jerry Fink

    Canoe Capital Realty, LLC

    (218) 343-1318

    43 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

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

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