NOT LISTED FOR SALE

7134 W Highway 61 Unit 55 Tofte, MN 55615

Estimated Value: $846,000 - $865,372

3 Beds
3 Baths
1,640 Sq Ft
$521/Sq Ft Est. Value

Last Sold December 10, 2018

Last sale price $553,000 $337 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $6,039/month

164 Days on Market

Highlights

  • 2,000 Feet of Waterfront
  • Fitness Center
  • Panoramic View
  • Beach
  • Spa
  • Deck

About This Home

As of December 2018

Unit 55 at Bluefin Bay is one of the most frequently requested units on the Cove Side of Bluefin Bay. The proximity to Lake Superior as well as the iconic outdoor pool, make Unit 55 the ideal place for entertaining family and friends. Regularly generating $100,000 in annual rental income, this unit is immaculately well-kept and being sold fully furnished. Granite counter tops throughout the unit, new stainless steel appliances, custom bathrooms and tasteful furnishings make this unit really stand out. Unit 55 can be locked-out into three separate units, which make it extremely flexible for rental income or personal use. Call to schedule a private showing or if you need further information.

Last Listed By

Eric Frost

Coldwell Banker North Shore Listed on: 06/05/2018

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,754

Year Built

  • Built in 1994

Lot Details

  • 871 Sq Ft Lot
  • 2,000 Feet of Waterfront
  • Lake Front
  • Property fronts a private road
  • Landscaped

HOA Fees

  • $1,275 Monthly HOA Fees

Property Views

  • Lake
  • Panoramic

Home Design

  • Concrete Foundation
  • Fire Rated Drywall
  • Wood Frame Construction
  • Shake Roof
  • Wood Siding

Interior Spaces

  • 1,640 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Woodwork
  • Beamed Ceilings
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Double Pane Windows
  • Combination Dining and Living Room
  • Lower Floor Utility Room
  • Unfinished Basement
  • Partial Basement
  • Home Security System

Kitchen

  • Eat-In Kitchen
  • Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet

Parking

  • No Garage
  • Off-Street Parking

Outdoor Features

  • Spa
  • Shared Waterfront
  • Deck
  • Patio
  • Attached Grill
  • Porch

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Dual Heating Fuel
  • Baseboard Heating
  • Heating System Uses Propane
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 25-061-0101

Community Details

Overview

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

Amenities

  • Sauna
  • Coin Laundry

Recreation

  • Beach
  • Tennis Courts
  • Fitness Center
  • Community Spa

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,754

Year Built

Built in 1994

Lot Details

0

HOA Fees

$1,275 per month

Listing Details

  • Class: SINGLE FAMILY
  • Directions: Unit 55 is located right next to the outdoor pool on the Cove side of Bluefin Bay Resort. Bluefin Bay is located along Highway 61 in Tofte. Guest Services will provide you with a key for scheduled showings.
  • L O1 Office Phone1 Number: 218-387-2131
  • Planned Unit Development: Yes
  • List Price/ Sq Ft: 337.2
  • Road Maintenance: Association
  • ShorelineCharacteristics: Rocky
  • Property Sub-Type: Condo/Townhouse
  • Tax Year: 2018
  • View Type:Pond View: Lake Superior, Panoramic
  • Lot Description Waterfront: Yes
  • Air Conditioner: Wall
  • Reso Association Amenities: Ceiling Fans, Eat-In Kitchen, Hardwood Floors, Hot Tub, Natural Woodwork, Security System, Skylight, Tiled Floors, Vaulted Ceilings, Walk-In Closet, Wet Bar, Cable TV, Beamed Ceilings, Drywalls
  • Amenities Exterior: Deck, Permanent Outdoor Grill
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1640
  • Garage Type: None
  • Heat: Baseboard, Dual Fuel/Off Peak, Propane
  • Fireplaces: 2
  • New Development: No
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Shake
  • TotalBedrooms: 3
  • Year Built: 1994
  • Property Style: Condo/Townhouse
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Appliances: Dishwasher, Disposal, Exhaust Fan/Hood, Microwave, Range/Stove, Refrigerator
  • Basement Features: Unfinished, Utility Room
  • Basement Material: Concrete Block
  • Estimated Basement Sq Ft: 800
  • Basement Style: Partial
  • Bathroom 1 Level: Full
  • 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: 1640

Exterior Features

  • Road Frontage: Private
  • Waterfront Access: Shared
  • Water Frontage In Feet: 2000
  • Waterfront Name: Lake Superior
  • Construction Status: Previously Owned
  • Exterior: Wood
  • Pool: In-Ground, Heated, Indoor, Outdoor, Shared
  • Window Features:Insulated Windows: Double Glazed

Garage/Parking

  • Parking Driveway: Off Street

Utilities

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

Condo/Co-op/Association

  • Shared: Deck, Hot Tub, Patio, Porch, Sauna, Tennis Courts, Exercise Room, Swimming Beach, Coin-op Laundry Owned
  • Association Fee: Yes
  • Association Fee Frequency: Monthly

Association/Amenities

  • FeesAssociationFeeAmount: 1275

Fee Information

  • Association Fee Includes: Controlled Access, Exterior Maintenance, Landscaping, Management, Parking, Recreation Facilities, Security Staff, 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: 2018-06-06
  • Estimated Lot Dimensions: Irregular
  • Estimated Number of Acres: 0.02
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Landscaped
  • Parcel Number: 25-061-0101
  • Waterfront Type: Lake Superior

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 4754

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 19, 2025
Sold by
Buskerud Familie Llc
Bought by
Pierce Zachary
Total Days on Market
164
Current Estimated Value
$854,343

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$685,000
Outstanding Balance
$685,000
Interest Rate
6.93%
Mortgage Type
New Conventional
Estimated Equity
$152,332

Purchase Details

Listed on
Jun 5, 2018
Closed on
Dec 10, 2018
Sold by
Bfb 55 Llc
Bought by
Buskerud Familie Llc
Seller's Agent
Eric Frost
Coldwell Banker North Shore
Buyer's Agent
Eric Frost
Coldwell Banker North Shore
List Price
$553,000
Sold Price
$553,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.71%

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
Pierce Zachary $865,000 --
Buskerud Familie Llc $1,824,090 North Shore Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pierce Zachary $685,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/10/2018 12/10/18 Sold $553,000 0.0% $337 / Sq Ft
11/16/2018 11/16/18 Pending -- -- --
06/05/2018 06/05/18 For Sale $553,000 -- $337 / 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 $743,600 $260,600 $483,000
2022 $6,510 $636,900 $222,900 $414,000
2021 $6,348 $541,400 $206,800 $334,600
2020 $6,408 $527,700 $202,900 $324,800
2019 $4,858 $535,000 $187,400 $347,600
2018 $4,754 $453,400 $187,400 $266,000
2017 $4,500 $456,400 $187,400 $269,000
2016 $4,148 $457,100 $188,000 $269,100
2015 $4,228 $460,100 $188,000 $272,100
2014 $4,112 $496,800 $135,000 $361,800
2012 -- $496,800 $135,000 $361,800
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2018

    Eric Frost

    Coldwell Banker North Shore

    (218) 370-1362

    35 Total Sales

    Eric Frost
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Source: Lake Superior Area REALTORS®

MLS Number: 6075832

APN: 25-061-0101

Minnesota Cook County Tofte 55615

7134 W Highway 61 Unit 55, Tofte, MN

Homes for Sale in Tofte, MN

This home is located at 7134 W Highway 61 Unit 55, Tofte, MN 55615 since 05 June 2018 and is currently estimated at $854,343, approximately $520 per square foot. This property was built in 1994. 7134 W Highway 61 Unit 55 is a home located in Cook County with nearby schools including Sawtooth Mountain Elementary School, Cook County Middle School, and Cook County Senior High School.

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