NOT LISTED FOR SALE

2742 Bear Island River Rd Ely, MN 55731

Estimated Value: $698,000 - $952,050

4 Beds
4 Baths
3,728 Sq Ft
$215/Sq Ft Est. Value

Sale Details

Date Sold: February 28, 2019

Last sale price $294,000 $79 Per Sq Ft

Est. 173% increase in value since last sale

Current estimated payment $5,234 / mo

111 Days on Market

Highlights

  • Heated Floors
  • Deck
  • 2 Car Detached Garage
  • Memorial High School Rated 9+
  • Multiple Fireplaces
  • Patio

About This Home

As of February 2019

BEAR ISLAND LAKE: Custom Built 3600SQFT/4BR/4BA Lake Home featuring a post and beam design with amazing stone work inside and out. Decks, Boardwalks, Under Garage Cold Storage, Lower level walkout that is level to lake with 100+ft of sandy shoreline. Numerous high end finishes and appliances. including 2 stone fireplaces, main floor laundry, and more. Property has freeze damages and will require significant repairs. Sold as-is, Cash Only.

Last Agent to Sell the Property

Stuart Johansen

Northland Realty License #40082401 Listed on: 10/12/2018

Last Buyer's Agent

Stuart Johansen

Northland Realty License #40082401 Listed on: 10/12/2018

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1993

Lot Details

  • 31,799 Sq Ft Lot
  • Irregular Lot
  • Property is zoned RES-1

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Stone

Interior Spaces

  • 3,728 Sq Ft Home
  • 1-Story Property
  • Multiple Fireplaces
  • Wood Burning Fireplace
  • Heated Floors

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal
  • Instant Hot Water

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Washer
  • Gas Dryer

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Outdoor Features

  • Deck
  • Patio

Utilities

  • Central Air
  • Ductless Heating Or Cooling System
  • Baseboard Heating
  • Heating System Uses Propane
  • Well
  • Septic System
  • Phone Available

Listing and Financial Details

  • Assessor Parcel Number 625-0026-00680

Home Details

Home Type

Single Family

Year Built

Built in 1993

Lot Details

0.73 Acres

Listing Details

  • Class: Residential
  • Construction: Post And Beam, Wood Frame
  • Heat: Baseboard, In-Floor, Hot Water, Gas - Propane
  • Irregular Lot Size: Yes
  • Lower Level Bathrooms: 2
  • Lower Level Bedrooms: 3
  • Lvt Date: 10/12/2018
  • Main Level Bathrooms: 1.5
  • Number Of Bedrooms: 4
  • Parcel Code Number: 625-0026-00680
  • Patioporch: Deck, Patio
  • Percent Of Bsmnt Finished: 100
  • Real Estate Tax: 8390
  • Style: One Story
  • Type: Residential
  • Year Built: 1993
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Total Finished Sq Ft: 3728
  • Bedroom 1: Size: 15x22, On Level: Main
  • Total Bathrooms: 4
  • Appliances: Dishwasher, Garage Opener, Garbage Disposal, Microwave, Refrigerator, Washer, Gas Dryer, Gas Range
  • Basement: Block, Full, Walkout
  • Bedroom 2: Size: 11x13, On Level: Lower
  • Bedroom 3: Bedroom 3, Size: 10x15, On Level: Lower
  • Dining Room: Size: w/Kitchen
  • Fireplace: 2 Or More Fireplaces, Wood Burning
  • Kitchen: Size: 16x24, On Level: Main
  • Living Room: Size: 23x23, On Level: Main
  • Main Level Bedrooms: 1
  • Other Room 2: Bedroom 4, Size: 12x10, On Level: Lower
  • Other Room 3: Cold Stg, Size: 20x24, On Level: Lower
  • Rec Room: Size: 23x23, On Level: Lower

Exterior Features

  • Exterior: Stone, Wood
  • Roof: Asphalt, Shingle

Garage/Parking

  • Garage: 2 Stalls, Detached
  • Garage Capacity: 2
  • Garage Size: 20x24

Utilities

  • Cooling: Central, Ductless Air
  • Utilities: Septic, Well, Telephone
  • Water Heater: Instant

Lot Info

  • Lot Size: Dimensions: 371.17x101.81
  • Number Of Acres: 0.73
  • Zoning: RES-1

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
Oct 12, 2018
Closed on
Feb 26, 2019
Sold by
Bought by
Seller's Agent
Stuart Johansen
Northland Realty
Buyer's Agent
Stuart Johansen
Northland Realty
List Price
$507,900
Sold Price
$294,000
Premium/Discount to List
-$213,900
-42.11%
Current Estimated Value
$802,017

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$508,017
Avg. Annual Appreciation
14.72%

Purchase Details

Closed on
Mar 8, 2018
Sold by
Bought by

Purchase Details

Closed on
Mar 8, 2013
Sold by
Bought by

Purchase Details

Closed on
Jan 14, 2008
Sold by
Bought by

Purchase Details

Closed on
Aug 20, 2007
Sold by
Bought by

Purchase Details

Closed on
Mar 21, 2007
Sold by
Bought by

Purchase Details

Closed on
Dec 14, 2006
Sold by
Bought by

Purchase Details

Closed on
May 15, 2006
Sold by
Bought by

Purchase Details

Closed on
Oct 13, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
5.89%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 4, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
5.89%
Mortgage Type
Purchase Money Mortgage
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
$294,000 None Available
$460,623 None Available
-- None Available
$1,415,000 Northeast Title Company
-- None Available
$335,000 Northeast Title Company
-- None Available
-- None Available
$280,000 --
-- --
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
Previous Owner $260,000
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
02/28/2019 02/28/19 Sold $294,000 0.0% $79 / Sq Ft
01/31/2019 01/31/19 Pending -- -- --
12/27/2018 12/27/18 Off Market $294,000 -- --
12/26/2018 12/26/18 Price Changed $399,900 -4.8% $107 / Sq Ft
11/16/2018 11/16/18 Price Changed $419,900 -14.8% $113 / Sq Ft
10/26/2018 10/26/18 Price Changed $492,900 -3.0% $132 / Sq Ft
10/12/2018 10/12/18 For Sale $507,900 -- $136 / Sq Ft
Source: Range Association of 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 $10,916 $926,200 $208,400 $717,800
2023 $10,720 $741,100 $168,100 $573,000
2022 $6,872 $649,500 $153,000 $496,500
2021 $5,140 $528,300 $145,400 $382,900
2020 $4,778 $387,800 $132,800 $255,000
2019 $8,392 $376,600 $132,800 $243,800
2018 $8,390 $632,900 $146,700 $486,200
2017 $8,918 $632,900 $146,700 $486,200
2016 $8,904 $664,600 $144,300 $520,300
2015 $8,940 $664,600 $144,300 $520,300
2014 $8,940 $676,800 $144,300 $532,500
Source: Public Records

Agents Affiliated with this Home

  • Stuart Johansen

    Seller's Agent in 2019

    Stuart Johansen

    Northland Realty

    (218) 390-0290

    79 Total Sales

    Stuart Johansen
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Map

Source: Range Association of REALTORS®

MLS Number: 135912

Range Association of REALTORS®

APN: 625002600680

Minnesota St Louis County Ely 55731

2742 Bear Island River Rd, Ely, MN

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Range Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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