NOT LISTED FOR SALE

6978 Bear Island Rd Unit SOLD price includes Duluth, MN 55803

Estimated Value: $534,000

4 Beds
2.5 Baths
2,232 Sq Ft
$239/Sq Ft Est. Value

Last Sold August 31, 2023

Last sale price $727,384 $326 Per Sq Ft

Est. 27% decrease in value since last sale

Current estimated payment $3,365/month

12 Days on Market

Highlights

  • Private Waterfront
  • Traditional Architecture
  • 8 Car Garage
  • Hermantown Elementary School Rated A-
  • No HOA
  • Bathroom on Main Level

About This Home

As of August 2023

Look for Orange Sign, pass the detached garages on the left and then drive straight to the home with the attached 3 car. Great Opportunity to be on Island Lake, close to great fishing holes! Enjoy this 4BR 3 Bath 8 plus car garage on one acre at the end of Bear Island Rd. Primary Bedroom suite with walk in closet and private bath has a shower and double sinks and the laundry is right outside the door. It also has a private small deck overlooking the lake. The 4 bedrooms are on the upper level. Full bath on Upper level. Powder Room is on the main level by the entryway. This perfect Location is just around the corner from the rope swing! The lot has natural landscape stones around the shoreline and looks amazing from the lake. Its a level lot. There is a private boat launch and a dock goes with the property and one other behind the screened in Gazebo. The house has 3 car attached garage with work area with hot/cold sink and storage above and heated and two more garages and parking spaces in between! Propane runs the grand fireplace in the living room with tongue and grove vaulted ceilings. Outside Deck and Patio that has a fire pit. Gazebo has screened windows that shut. Basement is Cement block, clean and houses the large electric water heater. The heat for this home is electric with propane fireplace. Come Explore this amazing Island Lake Property! Minnesota Power requires the land to be sold simultaneously, the buy out letter was received in February. House sale $600K Land Sale $137.384 Hot Tub will be removed prior to closing. Electricity and electric heat approximately $380/mo average. Propane Fireplace with superior fuel approximately 800-900 gallons a year with current owners usage approximately $2.00 a gallon. Tank is rented from Superior Fuel for $150.00 a year Call today for a showing!

Last Agent to Sell the Property

Tracey Tellor

Tellor Realty LLC Listed on: 07/01/2023

Last Buyer's Agent

Rachel Larson

Adolphson Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,030

Year Built

  • Built in 1972

Lot Details

  • 1 Acre Lot
  • Private Waterfront
  • 250 Feet of Waterfront
  • Lake Front

Parking

  • 8 Car Garage

Home Design

  • Traditional Architecture
  • Concrete Foundation
  • Poured Concrete
  • Wood Frame Construction
  • Vinyl Siding

Interior Spaces

  • 2,232 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Partial Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Bathroom on Main Level

Utilities

  • Dual Heating Fuel
  • Private Water Source
  • Private Sewer

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 365-6000-03065

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,030

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: Very end of Bear Island Rd the driveway leads to the back of the house.
  • L O1 Office Phone1 Number: 218-390-3851
  • List Price/ Sq Ft: 325.89
  • Property Sub-Type: SF/Detached
  • Tax Year: 2023
  • Lot Description Waterfront: Yes
  • Total One Quarter Bathrooms: 1
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 2232
  • Garage Type: Attached, Detached
  • Heat: Dual Fuel/Off Peak, Electric
  • Fireplaces: 1
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: No
  • TotalBedrooms: 4
  • Year Built: 1972
  • Property Style: Traditional
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Basement Material: Concrete Block, Poured Concrete
  • Estimated Basement Sq Ft: 136
  • Basement Style: Partial
  • Bathroom Description: 3/4 Master, Full Upper, 1/4 Main Floor
  • Fireplace: Yes
  • Den Fireplace Type: Gas
  • Bedroom Features:Main Floor Bedroom: No
  • Stories: 2 Story
  • Total Bathrooms: 3
  • Total Fin Square Footage: 2232

Exterior Features

  • Waterfront Access: Private
  • Water Frontage In Feet: 250
  • Waterfront Name: Island
  • Construction Status: Previously Owned
  • Exterior: Vinyl

Garage/Parking

  • Garage Capacity: 8

Utilities

  • Power Company: Minnesota Power
  • Sewer: Private
  • Water: Private

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Hermantown #700
  • Junior High Dist: Hermantown #700

Lot Info

  • Geo Update Timestamp: 2023-09-01
  • Estimated Number of Acres: 1
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 365-6000-03065
  • Waterfront Type: Inland Lake

Tax Info

  • Tax Amount: 5030

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2023
Closed on
Aug 16, 2023
Sold by
Allete Inc
Bought by
Harness Kenneth and Harness Susan
Seller's Agent
Tracey Tellor
Tellor Realty LLC
Buyer's Agent
Rachel Larson
Adolphson Real Estate
List Price
$727,384
Sold Price
$727,384
Current Estimated Value
$534,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$193,384
Source: Public Records

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Harness Kenneth $137,384 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2023 08/31/23 Sold $727,384 0.0% $326 / Sq Ft
07/13/2023 07/13/23 Pending -- -- --
07/01/2023 07/01/23 For Sale $727,384 -- $326 / Sq Ft
Source: Lake Superior Area REALTORS®

Tax History Compared to Growth

Source: Public Records

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
2022 $5,256 $452,400 $128,700 $323,700
2021 $4,494 $423,400 $128,700 $294,700
2020 $4,424 $364,000 $132,100 $231,900
2019 $4,384 $348,100 $132,100 $216,000
2016 $4,140 $348,100 $132,100 $216,000
2015 $3,235 $252,000 $87,700 $164,300
2014 $3,235 $252,000 $87,700 $164,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6109117

APN: 365600003065