NOT LISTED FOR SALE

2776 Bear Island River Rd Ely, MN 55731

Ely Area

Estimated Value: $432,000 - $799,000

3 Beds
1 Bath
1,564 Sq Ft
$370/Sq Ft Est. Value

Sale Details

Date Sold: July 19, 2023

Last sale price $430,000 $275 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $3,547 / mo

218 Days on Market

Highlights

  • Private Waterfront
  • Panoramic View
  • Ranch Style House
  • Memorial High School Rated 9+
  • Vaulted Ceiling
  • 2 Fireplaces

About This Home

As of July 2023

Let go to the LAKE! If it's this pretty in a snowfall, imagine how Beautiful in summer! In fact, every season! 1 acre LEVEL lot and some sand beach, this Bear Island Lake cabin has great space inside and out. All has been nicely redone with lots of features. Two brand new wood stove that heats the home up like no one's business! Massive 20x27 great room with knotty pine paneling, amazing views of the lake and space galore! Easy flow plan lets you glide effortlessly from the 3 bedrooms, large remodeled 3/4 bath, open concept floor plan with kitchen, to the dining and living. All this in one area overlooking the water. Kitchen features a massive butch block island breakfast bar that you will love to host great meals around and cozy knotty pine features throughout. Garage has a little workshop of the back or convert it to a bunk house, craft room, additional storage, you name it! Newer septic, lake water system with heat tape allows for year-round use!

Last Agent to Sell the Property

Andrea Zupancich

Z' Up North Realty Listed on: 11/17/2022

Last Buyer's Agent

Jerry Fink

Canoe Capital Realty, LLC License #MN 20587769

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,462

Year Built

  • Built in 1994

Lot Details

  • 1 Acre Lot
  • Lot Dimensions are 100x440
  • Private Waterfront
  • 100 Feet of Waterfront
  • Lake Front
  • Level Lot
  • Few Trees

Property Views

  • Lake
  • Panoramic

Home Design

  • Ranch Style House
  • Pillar, Post or Pier Foundation
  • Slab Foundation
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 1,564 Sq Ft Home
  • Woodwork
  • Vaulted Ceiling
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Wood Frame Window
  • Living Room
  • Combination Kitchen and Dining Room
  • Den
  • Utility Room

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Range
  • Microwave
  • Kitchen Island

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level
  • 1 Bathroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Utilities

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

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 625-0026-00800

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,462

Year Built

Built in 1994

Lot Details

1 Acres

Listing Details

  • Class: SINGLE FAMILY
  • Directions: HWy 21 to Bear Island River Rd, right at the end, to fire number. Property on left side.
  • L O1 Office Phone1 Number: 218-827-2288
  • Property Sub-Type: SF/Detached
  • Tax Year: 2022
  • View Type:Pond View: Inland Lake, Panoramic, Typical
  • Lot Description Waterfront: Yes
  • Reso Association Amenities: Eat-In Kitchen, Garage Door Opener, Kitchen Center Island, Natural Woodwork, Vaulted Ceilings, Main Floor Laundry, Washer Hook-Ups
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1564
  • Garage Type: Detached
  • Heat: Wood, Propane
  • Fireplaces: 2
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Kitchen
  • TotalBedrooms: 3
  • Year Built: 1994
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • RoomLevel6: Main
  • RoomLevel7: Main
  • RoomLevel8: Main
  • Property Style: Ranch/Rambler
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Appliances: Dryer, Microwave, Refrigerator, Range/Stove, Washer
  • Basement Material: N/A
  • Basement Style: Posts, Slab
  • Bathroom Description: 3/4 Main Floor
  • Formal Dining: Breakfast Bar, Combine with Kitchen, Eat-In Kitchen
  • Fireplace: Yes
  • Den Fireplace Type: Wood Burning
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Den/Office
  • Main Residence Features:Family Room4: Bedroom
  • Bedroom 5: Bedroom
  • Stories: 1 Story
  • Room 6: Bedroom
  • Room 7: Utility Room
  • Room 8: Bathroom
  • Total Bathrooms: 1
  • Total Fin Square Footage: 1564
  • Exercise Room Level2: Main

Exterior Features

  • Waterfront Access: Private
  • Water Frontage In Feet: 100
  • Waterfront Name: Bear Island
  • Construction Status: Previously Owned
  • Exterior: Wood
  • Window Features:Insulated Windows: Wood Frame

Garage/Parking

  • Garage Capacity: 2
  • ParkingFeaturesGarageDimensions: 24x36

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 100x440
  • Estimated Number of Acres: 1
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Accessible Shoreline, Tree Coverage - Light, Level
  • Parcel Number: 625-0026-00800
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 3462

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
Nov 17, 2022
Closed on
Jul 7, 2023
Sold by
Bought by
Seller's Agent
Andrea Zupancich
Z' Up North Realty
Buyer's Agent
Jerry Fink
Canoe Capital Realty, LLC
List Price
$430,000
Sold Price
$430,000
Views
419
Current Estimated Value
$579,004

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,004
Avg. Annual Appreciation
10.28%

Purchase Details

Closed on
Aug 22, 2022
Sold by
Bought by

Purchase Details

Listed on
Apr 11, 2018
Closed on
Jul 23, 2018
Sold by
Bought by
Seller's Agent
Andrea Zupancich
z' Up North Realty
Buyer's Agent
Mike Mehle
Dane Arthur Real Estate Agency
List Price
$239,000
Sold Price
$205,000
Premium/Discount to List
-$34,000
-14.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.80%
Original Mortgage
$212,000
Interest Rate
4.5%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 9, 2004
Sold by
Bought by

Purchase Details

Closed on
Aug 5, 2004
Sold by
Bought by
Source: Public Records

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
$430,000 Northeast Title Company
$500 --
$205,000 Northeast Title Company
-- --
-- --
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 $212,000
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 Prior Sale
07/19/2023 07/19/23 Sold $430,000 0.0% $275 / Sq Ft
06/23/2023 06/23/23 Pending -- -- --
11/17/2022 11/17/22 For Sale $430,000 +109.8% $275 / Sq Ft
07/23/2018 07/23/18 Sold $205,000 -14.2% $200 / Sq Ft View Prior Sale
07/05/2018 07/05/18 Pending -- -- --
04/11/2018 04/11/18 For Sale $239,000 -- $233 / 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 $4,290 $403,400 $148,800 $254,600
2023 $4,210 $309,900 $119,800 $190,100
2022 $3,462 $247,500 $108,900 $138,600
2021 $3,078 $219,700 $103,500 $116,200
2020 $2,900 $183,800 $94,400 $89,400
2019 $2,998 $183,800 $94,400 $89,400
2018 $2,940 $196,000 $104,400 $91,600
2017 $2,940 $196,000 $104,400 $91,600
2016 $2,914 $192,400 $101,200 $91,200
2015 $2,094 $192,400 $101,200 $91,200
2014 $2,094 $174,000 $101,200 $72,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6106361

APN: 625002600800

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