NOT LISTED FOR SALE

7192 W Highway 61 Unit 42 Tofte, MN 55615

Estimated Value: $518,907 - $634,000

2 Beds
2 Baths
960 Sq Ft
$578/Sq Ft Est. Value

Last Sold December 22, 2023

Last sale price $505,000 $526 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,953/month

9 Days on Market

Highlights

  • 1,300 Feet of Waterfront
  • Shared Waterfront
  • Wood Burning Fireplace
  • Bathroom on Main Level
  • Wood Siding
  • Dual Heating Fuel

About This Home

As of December 2023

Here is an opportunity to own a beautiful two-bedroom, two-bathroom condo at Bluefin Bay on Lake Superior. The panoramic, south-facing views of Lake Superior are awe-inspiring and put you in the front row to all of the Big Lake’s many moods. A wood-burning fireplace and two Jacuzzi tubs provide coziness, even when the gales are blowing, and the waves are crashing. Unit 42 is an upper-level unit located near the tennis court at Bluefin Bay, offering convenient access to all the resort has to offer. As an owner, you have access to all of Bluefin Bay’s resort amenities and activities offered, including both the indoor and outdoor pools, on-site restaurants, and recreational equipment. This is a great investment opportunity in a rental property that is also your vacation home. The property is being sold fully furnished. Unit 42 has an excellent rental history and has seen significant increases in income during recent years. Grossing over $96,000 in rent in 2022, it’s on-track to exceed those levels in 2023.

Last Listed By

Eric Frost

Coldwell Banker North Shore Listed on: 11/20/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,756

Year Built

  • Built in 1988

Lot Details

  • 871 Sq Ft Lot
  • Lot Dimensions are 35'x22'
  • 1,300 Feet of Waterfront
  • Lake Front

HOA Fees

  • $861 Monthly HOA Fees

Parking

  • No Garage

Home Design

  • Wood Frame Construction
  • Wood Siding

Interior Spaces

  • 960 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level
  • 2 Full Bathrooms

Outdoor Features

  • Shared Waterfront

Utilities

  • Dual Heating Fuel
  • Shared Water Source
  • Shared Sewer

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, telephone, sewer

Listing and Financial Details

  • Assessor Parcel Number 25-062-0420

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,756

Year Built

Built in 1988

Lot Details

0

HOA Fees

$861 per month

Listing Details

  • Class: SINGLE FAMILY
  • Directions: Bluefin Bay is located on Highway 61 in Tofte. Unit 42 is located on the upper level across from the tennis court.
  • L O1 Office Phone1 Number: 218-387-2131
  • List Price/ Sq Ft: 526.04
  • Property Sub-Type: Condo/Townhouse
  • Tax Year: 2023
  • Lot Description Waterfront: Yes
  • CondoPropertyType: Attached 3 Levels Or Less
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 960
  • Garage Type: None
  • Heat: Dual Fuel/Off Peak, Electric
  • Fireplaces: 1
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: No
  • TotalBedrooms: 2
  • Year Built: 1988
  • Property Style: Condo/Townhouse
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Material: N/A
  • Basement Style: None
  • Bathroom Description: Full Master
  • Fireplace: Yes
  • Den Fireplace Type: Wood Burning
  • Bedroom Features:Main Floor Bedroom: No
  • Stories: 2 Story
  • Total Bathrooms: 2
  • Total Fin Square Footage: 960

Exterior Features

  • Waterfront Access: Shared
  • Water Frontage In Feet: 1300
  • Waterfront Name: Lake Superior
  • Construction Status: Previously Owned
  • Exterior: Wood

Utilities

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

Condo/Co-op/Association

  • Association Fee: Yes
  • Association Fee Frequency: Monthly

Association/Amenities

  • FeesAssociationFeeAmount: 861

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, Telephone, Sewer

Schools

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

Lot Info

  • Geo Update Timestamp: 2023-11-20
  • Estimated Lot Dimensions: 35'X22'
  • Estimated Number of Acres: 0.02
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 25-062-0420
  • Waterfront Type: Lake Superior

Tax Info

  • Tax Amount: 2756

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 11, 2014
Sold by
Charpentier Mary Mary
Total Days on Market
9
Current Estimated Value
$554,727

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,000
Outstanding Balance
$207,791
Interest Rate
4.49%
Estimated Equity
$327,016

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
-- $268,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open -- $268,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2023 12/22/23 Sold $505,000 0.0% $526 / Sq Ft
11/29/2023 11/29/23 Pending -- -- --
11/20/2023 11/20/23 For Sale $505,000 -- $526 / 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 $28 $336,400 $140,500 $195,900
2022 $3,192 $300,400 $124,100 $176,300
2021 $5,742 $265,400 $118,300 $147,100
2020 $3,188 $262,100 $118,000 $144,100
2019 $2,646 $266,100 $116,800 $149,300
2018 $2,586 $250,700 $116,700 $134,000
2017 $2,446 $252,200 $116,700 $135,500
2016 $2,236 $252,400 $116,800 $135,600
2015 $2,072 $252,500 $116,800 $135,700
2014 $2,528 $249,200 $117,000 $132,200
2012 -- $310,100 $117,000 $193,100
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2023

    Eric Frost

    Coldwell Banker North Shore

    (218) 370-1362

    35 Total Sales

    Eric Frost
    Section Image

  • N

    Buyer's Agent in 2023

    NAN PLUDE BRADLEY

    Coldwell Banker Northwoods Realty

    (218) 370-8433

    46 Total Sales

    NAN PLUDE BRADLEY
    Section Image
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Map

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Source: Lake Superior Area REALTORS®

MLS Number: 6111521

APN: 25-062-0420

Minnesota Cook County Tofte 55615

7192 W Highway 61 Unit 42, Tofte, MN

Homes for Sale in Tofte, MN

This home is located at 7192 W Highway 61 Unit 42, Tofte, MN 55615 since 20 November 2023 and is currently estimated at $554,727, approximately $577 per square foot. This property was built in 1988. 7192 W Highway 61 Unit 42 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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