NOT LISTED FOR SALE

7192 W Highway 61 Unit 5 Tofte, MN 55615

Estimated Value: $525,015 - $643,000

3 Beds
2 Baths
1,250 Sq Ft
$469/Sq Ft Est. Value

Last Sold January 14, 2021

Last sale price $404,900 $324 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $4,287/month

9 Days on Market

Highlights

  • 2,000 Feet of Waterfront
  • Vaulted Ceiling
  • Tennis Courts
  • Bay View
  • Main Floor Primary Bedroom
  • Beamed Ceilings

About This Home

As of January 2021

Unit 5 is located in one of the most dramatic settings at Bluefin with a private deck and private balcony that afford incredible views. Three bedrooms, two bathrooms, and a beautiful living room allow for a great space to host family and friends. You simply cannot get any closer to Lake Superior. Unit 5 is built on the original foundation of the Edgewater Motel, which allows it to be closer to the lake than any other resort property on the North Shore. A sweeping view of the bay and dramatic shoreline allows for viewing of dramatic sunrises and gets natural light throughout the day. Unit 5 has recently remodeled both its bathrooms in tasteful elegance. The kitchen has also been recently updated with new appliances, granite countertops, and tongue and groove paneling which adds warmth and comfort to the space. The Master Bedroom has a private lakeside balcony. Imagine waking up with the lake right outside your bedroom. Hear the waves crashing or enjoy the tranquility of the lake on a calm day. This townhome is well appointed and has seen many upgrades of the highest caliber. Air conditioning is installed throughout the unit, and the townhome is being sold fully furnished. Annual gross rental revenues over $65,000 make this a strong investment with a strong history of rental income to offset expenses. Come be a part of the Bluefin Bay Family and know that your property will be cared for and maintained while offering some of the strongest rentals on the North Shore.

Last Listed By

Eric Frost

Coldwell Banker North Shore Listed on: 11/27/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,528

Year Built

  • Built in 1984

Lot Details

  • 871 Sq Ft Lot
  • 2,000 Feet of Waterfront
  • Lake Front

HOA Fees

  • $1,016 Monthly HOA Fees

Property Views

  • Bay
  • Lake
  • Panoramic

Home Design

  • Wood Frame Construction
  • Shake Roof
  • Wood Siding

Interior Spaces

  • 1,250 Sq Ft Home
  • 2-Story Property
  • Beamed Ceilings
  • Vaulted Ceiling
  • Skylights
  • Gas Fireplace

Bedrooms and Bathrooms

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

Parking

  • No Garage
  • Driveway

Outdoor Features

  • Shared Waterfront

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating Available
  • Fiber Optics Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 25-062-0050

Community Details

Overview

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

Recreation

  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,528

Year Built

Built in 1984

Lot Details

0

HOA Fees

$1,016 per month

Listing Details

  • Class: SINGLE FAMILY
  • Directions: Bluefin Bay is located on Highway 61 in Tofte. Unit 5 is located near the Bluefin Grille and the indoor pool.
  • InternetOptions: Fiber Optic
  • L O1 Office Phone1 Number: 218-387-2131
  • List Price/ Sq Ft: 323.92
  • Road Maintenance: Association
  • ShorelineCharacteristics: Gravel, Rocky
  • Property Sub-Type: Condo/Townhouse
  • Tax Year: 2020
  • View Type:Pond View: Lake Superior, Bay, Panoramic
  • Lot Description Waterfront: Yes
  • Air Conditioner: Wall
  • Reso Association Amenities: Skylight, Vaulted Ceilings, Cable TV, Beamed Ceilings
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1250
  • Garage Type: None
  • Heat: Electric
  • Fireplaces: 1
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Shake
  • TotalBedrooms: 3
  • Year Built: 1984
  • Property Style: Condo/Townhouse
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Basement Material: N/A
  • Basement Style: None
  • Bathroom Description: 3/4 Main Floor, Full Upper
  • Fireplace: Yes
  • Den Fireplace Type: Gas
  • Bedroom Features:Main Floor Bedroom: Yes
  • Stories: 2 Story
  • Total Bathrooms: 2
  • Total Fin Square Footage: 1250

Exterior Features

  • Waterfront Access: Shared
  • Water Frontage In Feet: 2000
  • Waterfront Name: Lake Superior
  • Construction Status: Previously Owned
  • Exterior: Wood
  • Pool: Heated, Indoor, Outdoor, Shared

Garage/Parking

  • Parking Driveway: Driveway - Asphalt

Utilities

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

Condo/Co-op/Association

  • Shared: Tennis Courts
  • Association Fee: Yes
  • Association Fee Frequency: Monthly

Association/Amenities

  • FeesAssociationFeeAmount: 1015.86

Fee Information

  • Association Fee Includes: 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: 2020-11-27
  • Estimated Lot Dimensions: Irregular
  • Estimated Number of Acres: 0.02
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 25-062-0050
  • Waterfront Type: Lake Superior

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 3528

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 27, 2020
Closed on
Jan 14, 2021
Sold by
Caswell Lynn Lynn
Bought by
Nickele Glenn Glenn
Seller's Agent
Eric Frost
Coldwell Banker North Shore
Buyer's Agent
Silviya Duclos
TimberWolff Realty LLC
List Price
$404,900
Sold Price
$404,900
Total Days on Market
9
Current Estimated Value
$586,754

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$181,854
Avg. Annual Appreciation
6.55%

Range of Values:

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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
Nickele Glenn Glenn $404,900 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/14/2021 01/14/21 Sold $404,900 0.0% $324 / Sq Ft
12/06/2020 12/06/20 Pending -- -- --
11/27/2020 11/27/20 For Sale $404,900 -- $324 / 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 $31 $370,700 $147,300 $223,400
2022 $3,506 $330,500 $129,800 $200,700
2021 $6,498 $291,700 $122,400 $169,300
2020 $3,528 $289,300 $121,900 $167,400
2019 $3,082 $294,500 $120,300 $174,200
2018 $3,014 $290,900 $120,200 $170,700
2017 $2,852 $292,900 $120,200 $172,700
2016 $2,628 $293,300 $120,400 $172,900
2015 $2,848 $295,300 $120,400 $174,900
2014 $2,766 $338,300 $117,000 $221,300
2012 -- $338,300 $117,000 $221,300
Source: Public Records

Agents Affiliated with this Home

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Source: Lake Superior Area REALTORS®

MLS Number: 6094226

APN: 25-062-0050