P
Seller's Agent in 2019
Phil Hyde
Bear Island Land Co., Inc
Estimated Value: $433,000 - $559,000
2
Beds
1
Bath
1,023
Sq Ft
$477/Sq Ft
Est. Value
Highlights
- Private Waterfront
- Docks
- Guest House
- Community Boat Slip
- Beach Access
- Sauna
About This Home
As of August 2019A rare opportunity is offered with this unique listing on Garden Lake. Nearly 3 acres with 777 ft. of shoreline in a very private location. Property is a short paddle away from the BWCA. The main cabin is a classic log cabin with 2 bedrooms and full bath. Originally built on Basswood Lake, it was moved to its present location after the passage of the Wilderness Act. The cabin, built close to the lake, comes fully furnished, has a large stone fireplace in the living room and large windows facing the lake. 2 decks, one covered and one open, are attached to the cabin and offer additional views and living space. The second cabin, a 2 bedroom year round guest cabin includes all the comforts and amenities of a modern home. Guests can enjoy their own privacy in their own space. The property also includes a large insulated 2 stall garage and a wood fired cedar sauna near the lake. The expansive dock system can accommodate several boats, including a pontoon boat. Shoreline and docks are well suited for swimming. Dock is in a sheltered location allowing for mostly calm water. This property is being offered for less than the County's Estimated Market Value. Don't miss the opportunity to check out this one of a kind legacy property.
Last Agent to Sell the Property
Phil Hyde
Bear Island Land Co., Inc Listed on: 07/11/2019
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,880
Lot Details
- 2.77 Acre Lot
- Lot Dimensions are 250 x 480
- Private Waterfront
- 777 Feet of Waterfront
- Lake Front
- Property fronts a private road
- Elevated Lot
- Level Lot
- Landscaped with Trees
Property Views
- Lake
- Panoramic
Home Design
- Log Cabin
- Concrete Foundation
- Metal Roof
- Log Siding
Interior Spaces
- 1,023 Sq Ft Home
- 1-Story Property
- Woodwork
- Beamed Ceilings
- Vaulted Ceiling
- Ceiling Fan
- Wood Burning Fireplace
- Double Pane Windows
- Wood Frame Window
- Living Room
- Combination Kitchen and Dining Room
- Den
- Sun or Florida Room
- Sauna
- Wood Flooring
- Crawl Space
Kitchen
- Eat-In Kitchen
- Range
Bedrooms and Bathrooms
- 2 Bedrooms
- Bathroom on Main Level
- 1 Full Bathroom
Laundry
- Laundry on main level
- Dryer
- Washer
Parking
- 2 Car Detached Garage
- Garage Door Opener
- Gravel Driveway
Eco-Friendly Details
- Energy-Efficient Windows
- Air Exchanger
Outdoor Features
- Beach Access
- Docks
- Patio
Utilities
- No Cooling
- Forced Air Heating System
- Boiler Heating System
- Heating System Uses Propane
- Private Water Source
- Drilled Well
- Electric Water Heater
- Fuel Tank
- Private Sewer
- Satellite Dish
Additional Features
- Guest House
- Island Location
Community Details
- Community Boat Slip
Listing and Financial Details
- Assessor Parcel Number 28-6311-29025, 29027,029031,029033
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 9, 2018
Sold by
Mcgrath Timothy J and Mcgrath Lee G
Bought by
Lee G Mcgrath Lt
Current Estimated Value
Purchase Details
Listed on
Feb 27, 2012
Closed on
Mar 27, 2012
Sold by
Gross Clare H and Gross Jeffrey H
Bought by
Mcgrath Timothy J and Mcgrath Lee G
Seller's Agent
Phil Hyde
Bear Island Land Co., Inc
Buyer's Agent
Phil Hyde
Bear Island Land Co., Inc
List Price
$654,500
Sold Price
$585,000
Premium/Discount to List
-$69,500
-10.62%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.31%
Original Mortgage
$375,000
Interest Rate
3.9%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lee G Mcgrath Lt | -- | -- | |
| Mcgrath Timothy J | $585,000 | Northeast Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Mcgrath Timothy J | $375,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/28/2019 08/28/19 | Sold | $625,000 | 0.0% | $611 / Sq Ft | |
| 07/24/2019 07/24/19 | Pending | -- | -- | -- | |
| 07/11/2019 07/11/19 | For Sale | $625,000 | +6.8% | $611 / Sq Ft | |
| 03/30/2012 03/30/12 | Sold | $585,000 | -10.6% | $506 / Sq Ft | View Prior Sale |
| 02/27/2012 02/27/12 | For Sale | $654,500 | -- | $566 / Sq Ft | |
| 02/09/2012 02/09/12 | Pending | -- | -- | -- |
Source: Lake Superior Area REALTORS®
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2025 | $2,368 | $439,000 | $167,600 | $271,400 |
| 2024 | $1,566 | $439,000 | $167,600 | $271,400 |
| 2023 | $1,412 | $432,600 | $157,600 | $275,000 |
| 2022 | $2,106 | $362,500 | $157,600 | $204,900 |
| 2021 | $2,153 | $286,600 | $157,600 | $129,000 |
| 2020 | $2,365 | $286,800 | $157,600 | $129,200 |
| 2019 | $2,735 | $289,800 | $157,600 | $132,200 |
| 2018 | $2,789 | $289,800 | $157,600 | $132,200 |
| 2017 | $2,456 | $293,400 | $155,600 | $137,800 |
| 2016 | $2,415 | $264,900 | $148,600 | $116,300 |
| 2015 | $2,461 | $266,500 | $148,600 | $117,900 |
| 2014 | $2,461 | $0 | $0 | $0 |
| 2013 | $2,096 | $0 | $0 | $0 |
| 2012 | $1,644 | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
-
Trish Bulinski
T
Buyer's Agent in 2019
Trish Bulinski
Bear Island Realty LLC
(218) 349-5595
135 Total Sales
Map
Source: Lake Superior Area REALTORS®
MLS Number: 6084693
APN: 28-6311-29027
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