NOT LISTED FOR SALE

2776 Bear Island River Rd Ely, MN 55731

Estimated Value: $480,621 - $707,000

3 Beds
1 Bath
1,564 Sq Ft
$395/Sq Ft Est. Value

Sale Details

Date Sold: July 19, 2023

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

Est. 44% increase in value since last sale

Current estimated payment $3,687 / mo

209 Days on Market

Highlights

  • 100 Feet of Waterfront
  • Wood Burning Stove
  • No HOA
  • Memorial High School Rated 9+
  • 2 Fireplaces
  • Den

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, Inc. Listed on: 11/28/2022

Last Buyer's Agent

NON-RMLS NON-RMLS

Non-MLS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,377

Year Built

  • Built in 1994

Lot Details

  • 1.01 Acre Lot
  • Lot Dimensions are 440.00 x 100.00
  • 100 Feet of Waterfront
  • Lake Front

Parking

  • 3 Car Garage

Home Design

  • Wood Siding

Interior Spaces

  • 1,564 Sq Ft Home
  • 1-Story Property
  • 2 Fireplaces
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Living Room
  • Den
  • Utility Room

Kitchen

  • Range
  • Microwave

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Bathroom

Laundry

  • Dryer
  • Washer

Utilities

  • No Cooling
  • Heating System Uses Wood
  • 150 Amp Service
  • The lake is a source of water for the property
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Lahti Land First Add To Subdivision

Listing and Financial Details

  • Assessor Parcel Number 625002600800

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,377

Year Built

Built in 1994

Lot Details

1.01 Acres

Parking

3

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: None
  • Garage Spaces: 3
  • Accessibility Features: None
  • Fireplaces: 2
  • Water Source: Lake Water
  • Year Built: 1994
  • Above Grade Finished Sq Ft: 1564
  • Water Body Name: Bear Island
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: None
  • Appliances: Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Fireplace Features: Wood Burning, Wood Burning Stove
  • Living Area: 1564
  • Fireplace: Yes
  • Basement YN: No
  • Dining Room Type: Living Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Den, Utility Room

Beds/Baths

  • Total Bedrooms: 3
  • Three Quarter Bathrooms: 1

Exterior Features

  • Roof: Asphalt
  • ConstructionMaterialsDesc: Frame
  • LakeChain: N
  • Waterfront Frontage: 100

Garage/Parking

  • Parking Features: Detached

Utilities

  • Heating: Fireplace(s), Wood Stove
  • Sewer: Private Sewer
  • Electric: 150 Amp Service
  • Fuel: Wood
  • Power Company: Lake Country Power

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Ely
  • SchoolDistrictPhone: 218-365-6166

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: 440.00 x 100.00
  • Lot Size Sq Ft: 43777.8
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Yes
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Wood Siding

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 625002600800
  • Tax Annual Amount: 3377
  • TaxWithAssessments: 3462.0000

Multi Family

  • WaterfrontFeatures: Lake Front

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 28, 2022
Closed on
Jul 7, 2023
Sold by
Bought by
Seller's Agent
Andrea Zupancich
Z'Up North Realty, Inc.
Buyer's Agent
NON-RMLS NON-RMLS
Non-MLS
List Price
$450,000
Sold Price
$430,000
Premium/Discount to List
-$20,000
-4.44%
Views
419
Current Estimated Value
$617,655

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$187,655
Avg. Annual Appreciation
13.20%

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
14.96%

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

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
$430,000 Northeast Title Company
$500 --
$205,000 Northeast Title Company
-- --
-- --
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 -4.4% $275 / Sq Ft
06/25/2023 06/25/23 Pending -- -- --
01/20/2023 01/20/23 For Sale $450,000 0.0% $288 / Sq Ft
12/24/2022 12/24/22 Pending -- -- --
11/28/2022 11/28/22 For Sale $450,000 +119.5% $288 / 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: NorthstarMLS

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

  • Andrea Zupancich

    Seller's Agent in 2023

    Andrea Zupancich

    Z'Up North Realty, Inc.

    (218) 749-0159

    417 Total Sales

    Andrea Zupancich
    Section Image

  • N

    Buyer's Agent in 2023

    NON-RMLS NON-RMLS

    Non-MLS

  • M

    Buyer's Agent in 2018

    Mike Mehle

    Dane Arthur Real Estate Agency

    Section Image
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Map

Source: NorthstarMLS

MLS Number: 6312601

NorthstarMLS

APN: 625002600800

Minnesota St Louis County Ely 55731

2776 Bear Island River Rd, Ely, MN

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Listings courtesy of NorthstarMLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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