NOT LISTED FOR SALE

7192 W Highway 61 Unit Bluefin Bay Unit 41 Tofte, MN 55615

Estimated Value: $507,077 - $581,000

2 Beds
2 Baths
960 Sq Ft
$561/Sq Ft Est. Value

Last Sold April 30, 2024

Last sale price $510,000 $531 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $3,886/month

7 Days on Market

Highlights

  • 1,200 Feet of Waterfront
  • Combination Dining and Living Room
  • Wood Siding
  • Bathroom on Main Level
  • Shared Waterfront
  • Wood Burning Fireplace

About This Home

As of April 2024

A rare opportunity to own at Bluefin Bay, repeatedly voted Minnesota's Favorite Resort. This upper-level, south facing unit affords unimpeded views of Lake Superior, located near the tennis courts and indoor pool. The unit can be locked-out into two separate units offering flexibility in rental and owner use. Listing price includes all furnishings. 2 Jacuzzis, wood burning fireplace, and access to all of the resort's amenities make this a sound investment property and provides the ability to enjoy with family and friends for years to come. With solid rental income history, generating just over $100K in 2023, you can call this incredible vacation home yours and enjoy the benefits of all Bluefin Bay and the North Shore has to offer.

Last Listed By

Eric Frost

Coldwell Banker North Shore Listed on: 03/14/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,756

Year Built

  • Built in 1988

Lot Details

  • 3,485 Sq Ft Lot
  • 1,200 Feet of Waterfront
  • Lake Front

HOA Fees

  • $895 Monthly HOA Fees

Parking

  • No Garage

Home Design

  • Wood Frame Construction
  • Wood Shingle Roof
  • Wood Siding

Interior Spaces

  • 960 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Combination Dining and Living Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level

Additional Features

  • Shared Waterfront
  • Dual Heating Fuel

Community Details

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

Listing and Financial Details

  • Assessor Parcel Number 25-062-0410

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,756

Year Built

Built in 1988

Lot Details

0

HOA Fees

$895 per month

Listing Details

  • Class: SINGLE FAMILY
  • Directions: Bluefin Bay is located on Highway 61 in Tofte. Unit 41 is located on the second level across from the tennis court.
  • L O1 Office Phone1 Number: 218-387-2131
  • List Price/ Sq Ft: 531.25
  • Property Sub-Type: Condo/Townhouse
  • Tax Year: 2023
  • Lot Description Waterfront: Yes
  • Air Conditioner: Ductless Mini Split
  • 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
  • Reso Roof: Wood Shingles
  • TotalBedrooms: 2
  • Year Built: 1988
  • 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
  • Formal Dining: Combine with Living Room
  • 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: 1200
  • Waterfront Name: Lake Superior
  • Construction Status: Previously Owned
  • Exterior: Wood

Utilities

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

Condo/Co-op/Association

  • Association Fee: Yes
  • Association Fee Frequency: Monthly

Association/Amenities

  • FeesAssociationFeeAmount: 895

Fee Information

  • Association Fee Includes: Controlled Access, Exterior Maintenance, Landscaping, Management, Parking, Recreation Facilities, Security System, Shared Amenities, Snow Removal, Trash, Water, Building Insurance, Cable/Satellite, Lawn Care, Sewer
  • Insurance Expense: No

Schools

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

Lot Info

  • Geo Update Timestamp: 2024-03-14
  • Estimated Lot Dimensions: Irregular
  • Estimated Number of Acres: 0.08
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 25-062-0410
  • Waterfront Type: Lake Superior

Tax Info

  • Tax Amount: 2756

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2024
Closed on
Apr 26, 2024
Sold by
Nelson Gordon and Nelson Larae
Bought by
Jto Bluefin Llc
Seller's Agent
Eric Frost
Coldwell Banker North Shore
Buyer's Agent
Eric Frost
Coldwell Banker North Shore
List Price
$489,000
Sold Price
$510,000
Premium/Discount to List
$21,000
4.29%
Total Days on Market
7
Views
8
Current Estimated Value
$539,019

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,019
Avg. Annual Appreciation
5.58%

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
Jto Bluefin Llc $510,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2024 04/30/24 Sold $510,000 +4.3% $531 / Sq Ft
03/21/2024 03/21/24 Pending -- -- --
03/14/2024 03/14/24 For Sale $489,000 -- $509 / 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 $2,752 $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 2024

    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: 6112653

APN: 25-062-0410

Minnesota Cook County Tofte 55615

7192 W Highway 61 Unit Bluefin Bay Unit 41, Tofte, MN

Homes for Sale in Tofte, MN

This home is located at 7192 W Highway 61 Unit Bluefin Bay Unit 41, Tofte, MN 55615 since 14 March 2024 and is currently estimated at $539,019, approximately $561 per square foot. This property was built in 1988. 7192 W Highway 61 Unit Bluefin Bay Unit 41 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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