NOT LISTED FOR SALE

7134 W Highway 61 Unit Bluefin Bay Unit 60 Tofte, MN 55615

Estimated Value: $752,723 - $821,000

3 Beds
3 Baths
1,760 Sq Ft
$453/Sq Ft Est. Value

Last Sold May 17, 2022

Last sale price $725,000 $412 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $5,832/month

3 Days on Market

Highlights

  • 2,500 Feet of Waterfront
  • Main Floor Primary Bedroom
  • Lower Floor Utility Room
  • Panoramic View
  • 2 Fireplaces
  • Bathroom on Main Level

About This Home

As of May 2022

Unit 60 at Bluefin Bay is the largest style of townhome at Bluefin Bay and the highest earning style. In 2021, it grossed over $160,000 in annual rental income, 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 60 apart from its neighbors. The townhome has been elegantly and tastefully appointed with high quality furnishings, custom materials and master craftsmanship. This unit can be locked out and divided into three separate rentals to maximize rental performance and flexibility for personal use. 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: 03/29/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,024

Year Built

  • Built in 1994

Lot Details

  • 871 Sq Ft Lot
  • Lot Dimensions are 25x40
  • 2,500 Feet of Waterfront
  • Lake Front

HOA Fees

  • $1,386 Monthly HOA Fees

Home Design

  • Concrete Foundation
  • Slab Foundation
  • Wood Frame Construction
  • Wood Shingle Roof
  • Wood Siding

Interior Spaces

  • 1,760 Sq Ft Home
  • 2-Story Property
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Lower Floor Utility Room
  • Panoramic Views

Bedrooms and Bathrooms

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

Parking

  • No Garage
  • Driveway

Additional Features

  • Shared Waterfront
  • Heating System Uses Propane

Community Details

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

Listing and Financial Details

  • Assessor Parcel Number 25-061-0203

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,024

Year Built

Built in 1994

Lot Details

0

HOA Fees

$1,386 per month

Listing Details

  • Class: SINGLE FAMILY
  • Directions: Unit 60 is located on Highway 61 in the eastern Tofte Cove of Bluefin Bay in Tofte.
  • L O1 Office Phone1 Number: 218-387-2131
  • List Price/ Sq Ft: 411.93
  • Road Maintenance: Association
  • ShorelineCharacteristics: Rocky
  • Property Sub-Type: Condo/Townhouse
  • Tax Year: 2021
  • View Type:Pond View: Panoramic
  • Lot Description Waterfront: Yes
  • Air Conditioner: Ductless Mini Split
  • CondoPropertyType: Attached 3 Levels Or Less
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1760
  • Garage Type: None
  • Heat: Propane
  • Fireplaces: 2
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Wood Shingles
  • TotalBedrooms: 3
  • Year Built: 1994
  • Property Style: Condo/Townhouse
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Basement Features: Utility Room
  • Basement Material: Concrete Block
  • Basement Style: Slab
  • Bathroom Description: Full Main Floor, 3/4 Upper, Full Upper
  • Fireplace: Yes
  • Den Fireplace Type: Wood Burning
  • Bedroom Features:Main Floor Bedroom: Yes
  • Stories: 2 Story
  • Total Bathrooms: 3
  • Total Fin Square Footage: 1760

Exterior Features

  • Road Frontage: Paved
  • Waterfront Access: Shared
  • Water Frontage In Feet: 2500
  • Waterfront Name: Lake Superior
  • Construction Status: Previously Owned
  • Exterior: Wood
  • Pool: Heated, In-Ground, Indoor, Outdoor, Shared

Garage/Parking

  • Parking Driveway: 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: 1386

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

Schools

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

Lot Info

  • Geo Update Timestamp: 2022-03-29
  • Estimated Lot Dimensions: 25X40
  • Estimated Number of Acres: 0.02
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 25-061-0203
  • Waterfront Type: Lake Superior

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 6024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2022
Closed on
May 17, 2022
Sold by
Fox Jeffrey and Fox Mary
Bought by
Lazyp Llc
Seller's Agent
Eric Frost
Coldwell Banker North Shore
Buyer's Agent
Eric Frost
Coldwell Banker North Shore
List Price
$725,000
Sold Price
$725,000
Total Days on Market
3
Current Estimated Value
$797,181

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,181
Avg. Annual Appreciation
4.08%
Original Mortgage
$400,000
Outstanding Balance
$384,924
Interest Rate
4.67%
Mortgage Type
New Conventional
Estimated Equity
$431,067

Range of Values:

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Average Value
Not Available
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
Lazyp Llc $725,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lazyp Llc $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2022 05/17/22 Sold $725,000 0.0% $412 / Sq Ft
04/01/2022 04/01/22 Pending -- -- --
03/29/2022 03/29/22 For Sale $725,000 -- $412 / 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 $59 $710,300 $260,600 $449,700
2022 $6,232 $608,400 $222,900 $385,500
2021 $6,024 $518,400 $206,800 $311,600
2020 $6,118 $505,400 $202,900 $302,500
2019 $4,654 $510,800 $187,400 $323,400
2018 $4,554 $434,900 $187,400 $247,500
2017 $4,308 $437,700 $187,400 $250,300
2016 $3,972 $438,400 $188,000 $250,400
2015 $4,228 $441,200 $188,000 $253,200
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 2022

    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: 6101895

APN: 25-061-0203

Minnesota Cook County Tofte 55615

7134 W Highway 61 Unit Bluefin Bay Unit 60, Tofte, MN

Homes for Sale in Tofte, MN

This home is located at 7134 W Highway 61 Unit Bluefin Bay Unit 60, Tofte, MN 55615 since 29 March 2022 and is currently estimated at $797,181, approximately $452 per square foot. This property was built in 1994. 7134 W Highway 61 Unit Bluefin Bay Unit 60 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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