NOT LISTED FOR SALE

2736 Bear Island River Rd Ely, MN 55731

Estimated Value: $381,000 - $618,355

2 Beds
1 Bath
624 Sq Ft
$782/Sq Ft Est. Value

Last Sold June 30, 2017

Last sale price $287,500 $461 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $2,975/month

32 Days on Market

Highlights

  • 290 Feet of Waterfront
  • Docks
  • Lake View
  • Memorial High School Rated 9+
  • Sauna
  • Deck

About This Home

As of June 2017

Exceptional Lake Cabin with 2 bedrooms and 1 bath all newly renovated in 2016 with reclaimed wood, stainless steel appliances, slate floor, tiled bath, wood burning fireplace and phenomenal southwesterly big water view. Breathtaking!!! The grounds are nicely wooded adding privacy and a tranquil setting. Out in front of the cabin the grounds have been landscaped with a picture perfect camp fire setting and a second fire pit by the waters edge. Authentic wood fired 10x14 sauna with changing room, deck and manicured path to the water. Bonus out building close to the dock.

Last Agent to Sell the Property

Lori Schulze

Keller Williams Classic Realty NW - Ely Listed on: 04/21/2017

Keller Williams Classic Realty NW - Ely

Last Buyer's Agent

Doug Furnstahl

Bear Island Land Co., Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,442

Year Built

  • Built in 1985

Lot Details

  • 1.2 Acre Lot
  • Lot Dimensions are 300 x 290 x 238 x 46
  • 290 Feet of Waterfront
  • Lake Front
  • Property fronts a county road
  • Elevated Lot
  • Landscaped
  • Level Lot
  • Irregular Lot
  • Many Trees

Home Design

  • Bungalow
  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 624 Sq Ft Home
  • 1-Story Property
  • Woodwork
  • Free Standing Fireplace
  • Living Room
  • Combination Kitchen and Dining Room
  • Sauna
  • Lake Views
  • Washer Hookup

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level
  • 1 Bathroom

Parking

  • No Garage
  • Gravel Driveway
  • Off-Street Parking

Outdoor Features

  • Docks
  • Deck

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 625-0026-00660

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,442

Year Built

Built in 1985

Lot Details

1.2 Acres

Listing Details

  • Class: SINGLE FAMILY
  • Directions: Follow Hwy 21 from Ely or Babbitt and turn on the Bear Island River Road follow to fire #2736 and Wild Woods Sign.
  • Waterfront Info Lake Maximum Depth: 72
  • L O1 Office Phone1 Number: 218-365-3665
  • Road Maintenance: Private, Public
  • ShorelineCharacteristics: Gravel, Hard, Sand
  • Property Sub-Type: SF/Detached
  • Tax Year: 2017
  • View Type:Pond View: Inland Lake
  • Lot Description Waterfront: Yes
  • Reso Association Amenities: Natural Woodwork, Sauna, Patio Door, Washer Hook-Ups
  • Amenities Exterior: Deck, Dock
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 624
  • Garage Type: None
  • Heat: Fireplace, Wood
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Bedroom
  • TotalBedrooms: 2
  • Year Built: 1985
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • Property Style: Bungalow
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Appliances: Dishwasher, Microwave, Range/Stove, Refrigerator
  • Basement Features: N/A
  • Basement Material: N/A
  • Basement Style: Posts
  • Bathroom 1 Level: main
  • Bathroom Description: 3/4 Main Floor
  • Formal Dining: Combine with Kitchen
  • Fireplace: Yes
  • Den Fireplace Type: Free Standing
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Kitchen
  • Main Residence Features:Family Room4: Bedroom
  • Bedroom 5: Bathroom
  • Stories: 1 Story
  • Total Bathrooms: 1
  • Total Fin Square Footage: 624
  • Exercise Room Level2: Main

Exterior Features

  • LakeAcres: 2500
  • Out Buildings: Sauna, Other Buildings
  • Road Frontage: County
  • Water Frontage In Feet: 290
  • Waterfront Name: Bear Island
  • Construction Status: Previously Owned
  • Exterior: Wood

Garage/Parking

  • Parking Driveway: Off Street, Driveway - Gravel

Utilities

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

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 300 x 290 x 238 x 46
  • Estimated Number of Acres: 1.2
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Accessible Shoreline, Irregular Lot, Landscaped, Tree Coverage - Heavy, High, Level
  • Parcel Number: 625-0026-00660
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 3442

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2017
Closed on
Jun 30, 2017
Sold by
All Day Cabins Llc
Bought by
Semeja John R and Senieja Donna J
Seller's Agent
Lori Schulze
Keller Williams Classic Realty NW - Ely
Buyer's Agent
Doug Furnstahl
Bear Island Land Co., Inc
List Price
$287,500
Sold Price
$287,500
Current Estimated Value
$488,089

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$200,589
Avg. Annual Appreciation
6.32%
Original Mortgage
$200,000
Outstanding Balance
$104,642
Interest Rate
3.94%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$383,448

Purchase Details

Closed on
Aug 8, 2008
Sold by
Kainz Peggy and Kainz Leo
Bought by
All Day Cabins Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,500
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 8, 2007
Sold by
Schuler Lorraine and Schuler Lillian Lorraine
Bought by
Kainz Peggy and Kainz Leo
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
Semeja John R $287,500 Northeast Title Company
All Day Cabins Llc $315,000 None Available
Kainz Peggy -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Semeja John R $200,000
Previous Owner All Day Cabins Llc $220,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2017 06/30/17 Sold $287,500 0.0% $461 / Sq Ft
05/23/2017 05/23/17 Pending -- -- --
04/21/2017 04/21/17 For Sale $287,500 -- $461 / 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 $5,618 $531,500 $303,600 $227,900
2023 $5,618 $356,800 $243,400 $113,400
2022 $3,702 $319,200 $220,900 $98,300
2021 $3,436 $288,000 $209,600 $78,400
2020 $3,282 $259,000 $190,800 $68,200
2019 $3,316 $259,000 $190,800 $68,200
2018 $3,312 $264,600 $211,500 $53,100
2017 $3,392 $264,600 $211,500 $53,100
2016 $3,402 $273,300 $222,100 $51,200
2015 $3,337 $273,300 $222,100 $51,200
2014 $3,337 $273,300 $222,100 $51,200
Source: Public Records

Agents Affiliated with this Home

  • Lori Schulze

    Seller's Agent in 2017

    Lori Schulze

    Keller Williams Classic Realty NW - Ely

    (218) 343-1787

    123 Total Sales

    Lori Schulze
    Section Image

  • D

    Buyer's Agent in 2017

    Doug Furnstahl

    Bear Island Land Co., Inc

See All Agents

Map

Source: Lake Superior Area REALTORS®

MLS Number: 6028289

APN: 625002600660

Minnesota St Louis County Ely 55706

2736 Bear Island River Rd, Ely, MN

Not Listed for Sale

Detached

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