NOT LISTED FOR SALE

2724 Bear Island River Rd Ely, MN 55731

Estimated Value: $338,000 - $394,000

2 Beds
1 Bath
924 Sq Ft
$402/Sq Ft Est. Value

Last Sold September 18, 2020

Last sale price $259,000 $280 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $2,171/month

29 Days on Market

Highlights

  • Private Waterfront
  • Lake View
  • Gazebo
  • Memorial High School Rated 9+
  • Heated Floors
  • Living Room

About This Home

As of September 2020

Nice cabin on Bear Island Lake south of Ely! Awesome island views of this gorgeous lake from this 2 BR, 1 bath cabin that has plenty of privacy and aprox 94 feet of nice lakeshore with a dock. Main floor has a large room that contains an open concept living room, dining room, and kitchen. Also on the main floor is a roomy bathroom with a shower. Up stairs are 2 bedrooms--access to the master is through the guest bedroom. Down at the lakeshore is a very cool 15' x 11' gazebo that is very close to the water, and features massive beams in the ceiling, and windows all around! Great place to enjoy right by the lake!!. Nice dock for your boat. Cabin has in-floor hot water heat. The boiler is not installed yet-but is included in the asking price, and seller will install prior to closing. Lake water system. Newer septic system with mound sized for 3 bedrooms. Great cabin on a great lake!!

Last Agent to Sell the Property

Jeff Hway

Bear Island Realty LLC Listed on: 07/08/2020

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

  • $2,004

Year Built

  • Built in 2006

Lot Details

  • 0.68 Acre Lot
  • Lot Dimensions are 275 x 120
  • Private Waterfront
  • 94 Feet of Waterfront
  • Lake Front
  • Elevated Lot
  • Landscaped with Trees

Parking

  • No Garage

Home Design

  • Wood Frame Construction
  • Cement Board or Planked

Interior Spaces

  • 924 Sq Ft Home
  • Multi-Level Property
  • Living Room
  • Heated Floors
  • Lake Views
  • Cooktop

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level
  • 1 Bathroom

Outdoor Features

  • Gazebo
  • Outhouse

Utilities

  • Boiler Heating System
  • Heating System Uses Propane
  • Private Water Source
  • Mound Septic
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number 625-0026-00620

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,004

Year Built

Built in 2006

Lot Details

0.68 Acres

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Ely take 21 south to bear island river road, go right, go approx 5 miles to the "T" in the road, go right approx 1000 ft to driveway on the left
  • L O1 Office Phone1 Number: 218-365-2800
  • Road Maintenance: Public
  • Property Sub-Type: SF/Detached
  • Tax Year: 2020
  • View Type:Pond View: Inland Lake
  • Lot Description Waterfront: Yes
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 924
  • Garage Type: None
  • Heat: Boiler, In Floor, Propane
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: No
  • Bedroom 3: Bathroom
  • TotalBedrooms: 2
  • Year Built: 2006
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Second Floor
  • RoomLevel5: Second Floor
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Appliances: Cooktop, Refrigerator
  • Basement Material: N/A
  • Basement Style: None
  • Bathroom Description: 3/4 Main Floor
  • Fireplace: No
  • Bedroom Features:Main Floor Bedroom: No
  • Bathroom 1: Living Room
  • Bathroom 2: Kitchen
  • Main Residence Features:Family Room4: Master Bedroom
  • Bedroom 5: Bedroom
  • Stories: 1.25 - 1.75 Story
  • Total Bathrooms: 1
  • Total Fin Square Footage: 924
  • Exercise Room Level2: Main

Exterior Features

  • Out Buildings: Gazebo
  • Road Frontage: Paved, Township
  • Waterfront Access: Private
  • Water Frontage In Feet: 94
  • Waterfront Name: Bear Island
  • Construction Status: Previously Owned
  • Exterior: Cement Board

Utilities

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

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 275 X 120
  • Estimated Number of Acres: 0.68
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Accessible Shoreline, Tree Coverage - Medium, High
  • Parcel Number: 625-0026-00620
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 2004

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2020
Closed on
Sep 6, 2020
Sold by
Varley Paul M and Varley Sandra J
Bought by
Mattimore Timothy
Seller's Agent
Jeff Hway
Bear Island Realty LLC
Buyer's Agent
Jim Burke
Keller Williams Classic Realty NW
List Price
$259,000
Sold Price
$259,000
Current Estimated Value
$371,712

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$112,712
Avg. Annual Appreciation
6.89%
Original Mortgage
$207,200
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 6, 2003
Sold by
Prigge Scott W and Prigge Roberta V
Bought by
Varley Paul M and Varley Sandra J

Purchase Details

Closed on
Jun 30, 2001
Sold by
Hansen Philip E and Hansen Marion L
Bought by
Prigge Scott W and Prigge Roberta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,000
Interest Rate
7.16%
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
Mattimore Timothy $259,000 Northeast Title Company
Varley Paul M $85,000 Consolidated Title
Prigge Scott W $45,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Mattimore Timothy $207,200
Previous Owner Prigge Scott W $36,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/18/2020 09/18/20 Sold $259,000 0.0% $280 / Sq Ft
08/06/2020 08/06/20 Pending -- -- --
07/08/2020 07/08/20 For Sale $259,000 -- $280 / Sq Ft
Source: Lake Superior Area REALTORS®

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 $3,076 $293,600 $143,500 $150,100
2023 $3,076 $235,400 $115,600 $119,800
2022 $2,472 $208,900 $105,100 $103,800
2021 $2,104 $192,000 $99,900 $92,100
2020 $2,004 $158,500 $91,200 $67,300
2019 $2,116 $158,500 $91,200 $67,300
2018 $2,112 $169,800 $100,800 $69,000
2017 $2,140 $169,800 $100,800 $69,000
2016 $2,104 $171,400 $96,700 $74,700
2015 $2,061 $171,400 $96,700 $74,700
2014 $2,061 $171,400 $96,700 $74,700
Source: Public Records

Agents Affiliated with this Home

  • Jeff Hway

    Seller's Agent in 2020

    Jeff Hway

    Bear Island Realty LLC

    (218) 349-0906

    161 Total Sales

    Jeff Hway
    Section Image

  • J

    Buyer's Agent in 2020

    Jim Burke

    Keller Williams Classic Realty NW

    Section Image
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6091474

APN: 625002600620

Minnesota St Louis County Ely 55706

2724 Bear Island River Rd, Ely, MN

Not Listed for Sale

Detached

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