NOT LISTED FOR SALE

7122 W Highway 61 Unit Bluefin Bay Unit 72 Tofte, MN 55615

Estimated Value: $809,052 - $842,000

3 Beds
3 Baths
2,000 Sq Ft
$409/Sq Ft Est. Value

Last Sold December 30, 2020

Last sale price $580,000 $290 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $5,870/month

26 Days on Market

Highlights

  • 3,000 Feet of Waterfront
  • Vaulted Ceiling
  • 2 Fireplaces
  • Panoramic View
  • Main Floor Primary Bedroom
  • Beamed Ceilings

About This Home

As of December 2020

Unit 72 is an end unit at the edge of Bluefin Bay's property offering privacy un-matched by any other unit. It grosses over $120,000 in annual rental income, out-performing many of the other Grand Superior Three Bedroom townhomes, making it an ideal investment as well as a place for your family and friends to appreciate for years to come. Panoramic views, and custom interior appointments set Unit 72 apart from its neighbors. The townhome has been elegantly and tastefully appointed with the highest quality furnishings, custom materials and master craftsmanship. The owners have kept this unit to the highest standards at the resort, therefore requiring little to no capital re-investment for years to come. Become a part of the Bluefin Bay Family of Resorts, voted Minnesota's Favorite Resort and enjoy the life-style you've dreamed of for years.

Last Listed By

Eric Frost

Coldwell Banker North Shore Listed on: 10/15/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,422

Year Built

  • Built in 1996

Lot Details

  • 871 Sq Ft Lot
  • 3,000 Feet of Waterfront
  • Lake Front
  • Property fronts a private road

HOA Fees

  • $1,325 Monthly HOA Fees

Property Views

  • Lake
  • Panoramic

Home Design

  • Concrete Foundation
  • Wood Frame Construction
  • Shake Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Beamed Ceilings
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Double Pane Windows
  • Combination Dining and Living Room
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Bathroom on Main Level

Parking

  • No Garage
  • Driveway
  • Off-Street Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Boiler Heating System

Additional Features

  • Energy-Efficient Windows
  • Shared Waterfront

Community Details

  • Association fees include controlled access, exterior maintenance, landscaping, management, parking, recreation facilities, shared amenities, snow removal, trash, water, building insurance, cable/satellite, lawn care

Listing and Financial Details

  • Assessor Parcel Number 25-061-0403

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,422

Year Built

Built in 1996

Lot Details

0

HOA Fees

$1,325 per month

Listing Details

  • Class: SINGLE FAMILY
  • Directions: Bluefin Bay Unit 72 is located on the far eastern end of Bluefin Bay on Highway 61 in Tofte. Please enter at fire number 7122 which is closest to Waters Edge Trading Company.
  • L O1 Office Phone1 Number: 218-387-2131
  • List Price/ Sq Ft: 290
  • Road Maintenance: Association
  • Property Sub-Type: Condo/Townhouse
  • Tax Year: 2020
  • View Type:Pond View: Lake Superior, Panoramic
  • Lot Description Waterfront: Yes
  • Air Conditioner: Wall
  • Reso Association Amenities: Ceiling Fans, Skylight, Vaulted Ceilings, Beamed Ceilings
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1760
  • Below Grade Finished Sq Ft: 240
  • Garage Type: None
  • Heat: Baseboard, Boiler
  • Fireplaces: 2
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Shake
  • TotalBedrooms: 3
  • Year Built: 1996
  • Property Style: Condo/Townhouse
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Basement Material: Concrete Block
  • Estimated Basement Sq Ft: 240
  • Basement Style: Full
  • Bathroom Description: Master Walk-Thru, 3/4 Upper
  • Formal Dining: Combine with Living Room
  • Fireplace: Yes
  • Den Fireplace Type: Wood Burning
  • Bedroom Features:Main Floor Bedroom: Yes
  • Stories: 2 Story
  • Total Bathrooms: 3
  • Total Fin Square Footage: 2000

Exterior Features

  • Road Frontage: Private
  • Waterfront Access: Shared
  • Water Frontage In Feet: 3000
  • Waterfront Name: Lake Superior
  • Construction Status: Previously Owned
  • Exterior: Wood
  • Pool: In-Ground, Heated, Indoor, Outdoor, Shared
  • Window Features:Insulated Windows: Double Glazed, Energy Windows

Garage/Parking

  • Parking Driveway: Off Street, Driveway - Asphalt

Utilities

  • Power Company: Arrowhead Electric
  • Sewer: City
  • Water: City

Condo/Co-op/Association

  • Association Fee: Yes
  • Association Fee Frequency: Monthly

Association/Amenities

  • FeesAssociationFeeAmount: 1325

Fee Information

  • Association Fee Includes: Controlled Access, Exterior Maintenance, Landscaping, Management, Parking, Recreation Facilities, Shared Amenities, Snow Removal, Trash, Water, Building Insurance, Cable/Satellite, Lawn Care

Schools

  • School District: Cook County #166
  • Junior High Dist: Cook County #166

Lot Info

  • Geo Update Timestamp: 2020-10-15
  • Estimated Lot Dimensions: Irregular
  • Estimated Number of Acres: 0.02
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 25-061-0403
  • Waterfront Type: Lake Superior

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 6422

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2020
Closed on
Dec 21, 2020
Sold by
Netka Michael Michael
Bought by
Foss Lisa Lisa
Seller's Agent
Eric Frost
Coldwell Banker North Shore
Buyer's Agent
Eric Frost
Coldwell Banker North Shore
List Price
$580,000
Sold Price
$580,000
Total Days on Market
26
Current Estimated Value
$818,763

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$238,763
Avg. Annual Appreciation
6.81%
Original Mortgage
$464,000
Outstanding Balance
$424,184
Interest Rate
2.67%
Estimated Equity
$347,938

Purchase Details

Closed on
Feb 6, 2014
Sold by
Rysdahl Jeanne Jeanne
Bought by
Netka Michael and Netka Debra

Range of Values:

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Average Value
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List Price
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
Foss Lisa Lisa $580,000 --
Netka Michael $550,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Foss Lisa Lisa $464,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2020 12/30/20 Sold $580,000 0.0% $290 / Sq Ft
11/10/2020 11/10/20 Pending -- -- --
10/15/2020 10/15/20 For Sale $580,000 -- $290 / 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
2023 $62 $745,000 $260,700 $484,300
2022 $6,522 $638,300 $223,000 $415,300
2021 $6,364 $542,500 $206,900 $335,600
2020 $6,422 $528,700 $202,900 $325,800
2019 $4,868 $536,100 $187,500 $348,600
2018 $4,764 $454,300 $187,500 $266,800
2017 $4,510 $457,400 $187,500 $269,900
2016 $4,158 $458,100 $188,000 $270,100
2015 $4,228 $461,000 $188,000 $273,000
2014 $4,112 $496,800 $135,000 $361,800
2012 -- $496,800 $135,000 $361,800
Source: Public Records

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Source: Lake Superior Area REALTORS®

MLS Number: 6093640

APN: 25-061-0403