NOT LISTED FOR SALE

7192 W Highway 61 Unit Bluefin Bay Unit 22 Tofte, MN 55615

Estimated Value: $468,372 - $649,000

1 Bed
1.5 Baths
880 Sq Ft
$593/Sq Ft Est. Value

Last Sold January 05, 2023

Last sale price $431,000 $490 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $3,672/month

1 Day on Market

Highlights

  • 2,000 Feet of Waterfront
  • Wood Siding
  • Heating Available
  • Bathroom on Main Level
  • Wood Burning Fireplace

About This Home

As of January 2023

The One Bedroom Elite is Bluefin Bay’s most popular and romantic room styles. It features a two-level condominium that has spectacular views of the Lake Superior throughout. Having the bedroom on the second level gives a commanding, yet private view at any time. Because the unit is so popular with guests, the rental income generated by Unit 22 is higher than some larger units at the resort. In 2021, Unit 22 grossed over $90,000 in rental income. The living room space can easily be transformed into a temporary second bedroom to accommodate larger groups. Unit 22 has been immaculately maintained over the years: air-conditioning throughout and custom craftsmanship make Unit 22 ready to become your luxurious place on the shore. Become a part of the Bluefin Bay Family of Resorts, voted Minnesota's Favorite Resort and enjoy the lifestyle you've dreamed of for years.

Last Listed By

Eric Frost

Coldwell Banker North Shore Listed on: 11/14/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,884

Year Built

  • Built in 1988

Lot Details

  • 1,307 Sq Ft Lot
  • 2,000 Feet of Waterfront
  • Lake Front

HOA Fees

  • $776 Monthly HOA Fees

Parking

  • No Garage

Home Design

  • Wood Frame Construction
  • Wood Siding

Interior Spaces

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

Bedrooms and Bathrooms

  • 1 Bedroom
  • Bathroom on Main Level

Utilities

  • Heating Available
  • Shared Water Source

Community Details

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

Listing and Financial Details

  • Assessor Parcel Number 25-062-0220

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,884

Year Built

Built in 1988

Lot Details

0

HOA Fees

$776 per month

Listing Details

  • Class: SINGLE FAMILY
  • Directions: Follow the sign to Bluefin Bay on Highway 61 in Tofte. Unit 22 is located in the main area of the resort.
  • L O1 Office Phone1 Number: 218-387-2131
  • List Price/ Sq Ft: 489.77
  • Property Sub-Type: Condo/Townhouse
  • Tax Year: 2022
  • Lot Description Waterfront: Yes
  • Total One Quarter Bathrooms: 1
  • CondoPropertyType: Attached 3 Levels Or Less
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 880
  • Garage Type: None
  • Heat: Electric
  • Fireplaces: 1
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: No
  • TotalBedrooms: 1
  • 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: 1/4 Main Floor
  • Fireplace: Yes
  • Den Fireplace Type: Wood Burning
  • Bedroom Features:Main Floor Bedroom: No
  • Stories: 2 Story
  • Total Bathrooms: 2
  • Total Fin Square Footage: 880

Exterior Features

  • Waterfront Access: Association
  • Water Frontage In Feet: 2000
  • Waterfront Name: Lake Superior
  • Construction Status: Previously Owned
  • Exterior: Wood

Utilities

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

Condo/Co-op/Association

  • Association Fee: Yes
  • Association Fee Frequency: Monthly

Association/Amenities

  • FeesAssociationFeeAmount: 776.42

Fee Information

  • Association Fee Includes: Dock Maintenance, Exterior Maintenance, Landscaping, Management, Parking, Recreation Facilities, Shared Amenities, Snow Removal, Building Insurance, Cable/Satellite, Lawn Care
  • Insurance Expense: Yes
  • Insurance Expense: Contents and Liability

Schools

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

Lot Info

  • Geo Update Timestamp: 2022-11-15
  • Estimated Lot Dimensions: Irregular
  • Estimated Number of Acres: 0.03
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 25-062-0220
  • Waterfront Type: Lake Superior

Tax Info

  • Tax Amount: 2884

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2022
Closed on
Jan 5, 2023
Sold by
Lohmann Dennis and Williamson Jomarie
Bought by
Waldo James
Seller's Agent
Eric Frost
Coldwell Banker North Shore
Buyer's Agent
Eric Frost
Coldwell Banker North Shore
List Price
$431,000
Sold Price
$431,000
Total Days on Market
1
Current Estimated Value
$521,843

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$90,843
Avg. Annual Appreciation
2.76%

Purchase Details

Listed on
Apr 4, 2017
Closed on
Jul 12, 2017
Sold by
Keogh Mark & Cheryl Trust
Bought by
Lohmann Dennis M and Williamson Jomarie
Seller's Agent
Eric Frost
Coldwell Banker North Shore
Buyer's Agent
Eric Frost
Coldwell Banker North Shore
List Price
$285,000
Sold Price
$285,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.85%
Original Mortgage
$213,750
Interest Rate
4.25%
Mortgage Type
New Conventional

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
Waldo James $431,000 --
Lohmann Dennis M $285,000 North Shore Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lohmann Dennis M $213,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/05/2023 01/05/23 Sold $431,000 0.0% $490 / Sq Ft
11/15/2022 11/15/22 Pending -- -- --
11/14/2022 11/14/22 For Sale $431,000 +51.2% $490 / Sq Ft
07/17/2017 07/17/17 Sold $285,000 0.0% $324 / Sq Ft
06/02/2017 06/02/17 Pending -- -- --
04/04/2017 04/04/17 For Sale $285,000 -- $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 $25 $300,500 $138,900 $161,600
2022 $2,884 $266,600 $122,800 $143,800
2021 $5,042 $239,800 $117,400 $122,400
2020 $3,288 $236,900 $117,100 $119,800
2019 $2,496 $274,400 $116,000 $158,400
2018 $2,438 $236,800 $115,900 $120,900
2017 $2,292 $238,200 $115,900 $122,300
2016 $2,106 $237,100 $116,000 $121,100
2015 $2,396 $238,400 $116,000 $122,400
2014 $2,328 $286,500 $117,000 $169,500
2012 -- $286,500 $117,000 $169,500
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
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Source: Lake Superior Area REALTORS®

MLS Number: 6106324

APN: 25-062-0220

Minnesota Cook County Tofte 55615

7192 W Highway 61 Unit Bluefin Bay Unit 22, Tofte, MN

Homes for Sale in Tofte, MN

This home is located at 7192 W Highway 61 Unit Bluefin Bay Unit 22, Tofte, MN 55615 since 14 November 2022 and is currently estimated at $521,843, approximately $593 per square foot. This property was built in 1988. 7192 W Highway 61 Unit Bluefin Bay Unit 22 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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