NOT LISTED FOR SALE

8751 W Bear Island Lake Rd Babbitt, MN 55706

Estimated Value: $127,000 - $206,000

2 Beds
1 Bath
550 Sq Ft
$309/Sq Ft Est. Value

Last Sold February 26, 2020

Last sale price $120,000 $218 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $914/month

76 Days on Market

Highlights

  • Lake Front
  • Vaulted Ceiling
  • Main Floor Primary Bedroom
  • Deck
  • Traditional Architecture
  • Views

About This Home

As of February 2020

Like New Yr Rnd Home W/Loft Set On 6.69 Wooded Acres (Adjoining Hundreds Of Acres Of State Land) Only 15 Mi To Ely & Just Down The Paved Rd To Bear Island Lake Beach & Access! Built 2017, 550SF, 2B/1B. Livingrm offers waterproof lam wood flr, vaulted knotty pine ceiling & fireplace front wood stove. Main flr bedrm, bth & laundry. Ladder to loft. Propane forced air heat. Insulated crawlspace painted w/metal skirting. Room for a 45 ft motor coach to turn around, 2 RV dumps, 50 amp RV hookup on deck. Septic. Well. Underground power. Direct access to Taconite Trail for snowmobiling, horses, mountain biking, etc. Great country retreat or extraordinary hunting camp! Click link for 3D Tour!

Last Agent to Sell the Property

Lisa Janisch

Janisch Realty Inc. Listed on: 11/02/2019

Last Buyer's Agent

Trish Bulinski

Bear Island Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $580

Year Built

  • Built in 2017

Lot Details

  • 6.69 Acre Lot
  • Lot Dimensions are 686x570
  • Lake Front
  • Property fronts a county road
  • Many Trees

Home Design

  • Traditional Architecture
  • Wood Frame Construction
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 550 Sq Ft Home
  • Multi-Level Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Living Room
  • Combination Kitchen and Dining Room
  • Crawl Space
  • Range
  • Property Views

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • Bathroom on Main Level
  • 1 Full Bathroom

Parking

  • No Garage
  • Gravel Driveway

Outdoor Features

  • Shared Waterfront
  • Deck
  • Storage Shed

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Wood
  • Heating System Uses Propane
  • Private Water Source
  • Gas Water Heater
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number 625-0011-02694

Home Details

Home Type

Single Family

Est. Annual Taxes

$580

Year Built

Built in 2017

Lot Details

6.69 Acres

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Babbitt, W. on Hwy 21, N. on 904, L. on Bear Island Lake Rd. W. to Fire #.
  • L O1 Office Phone1 Number: 218-780-6644
  • ShorelineCharacteristics: Rocky
  • Property Sub-Type: SF/Detached
  • Tax Year: 2019
  • Twp Number: 61
  • View Type:Pond View: Typical
  • Lot Description Waterfront: Yes
  • Air Conditioner: None
  • Reso Association Amenities: Ceiling Fans, Vaulted Ceilings
  • Amenities Exterior: Deck
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 550
  • Garage Type: None
  • Heat: Forced Air, Wood, Propane
  • Fireplaces: 1
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Metal
  • Bedroom 3: Dining Room
  • TotalBedrooms: 2
  • Year Built: 2017
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Upper
  • Property Style: Traditional
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range/Stove, Refrigerator
  • Basement Features: N/A
  • Basement Material: Wood
  • Basement Style: Crawl Space
  • Bathroom 1 Level: main
  • Bathroom Description: 3/4 Main Floor
  • Formal Dining: Combine with Kitchen
  • Fireplace: Yes
  • Den Fireplace Type: Wood Burning
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Kitchen
  • Main Residence Features:Family Room4: Bedroom
  • Bedroom 5: Bedroom
  • Stories: 1.25 - 1.75 Story
  • Total Bathrooms: 1
  • Total Fin Square Footage: 550
  • Exercise Room Level2: Main

Exterior Features

  • Out Buildings: Storage Shed
  • Road Frontage: County, Paved
  • Waterfront Access: Shared
  • Waterfront Name: Bear Island
  • Construction Status: Previously Owned
  • Exterior: Wood

Garage/Parking

  • Parking Driveway: Driveway - Gravel

Utilities

  • Power Company: Minnesota Power
  • Sewer: Private
  • Water: Private

Schools

  • Junior High Dist: Other

Lot Info

  • Estimated Lot Dimensions: 686x570
  • Estimated Number of Acres: 6.69
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Tree Coverage - Heavy
  • Parcel Number: 625-0011-02694
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 580

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2019
Closed on
Feb 26, 2020
Sold by
Holzheimer Martine and Moore Lloyd
Bought by
Rossen Noah R and Witt Madeline E
Seller's Agent
Lisa Janisch
Janisch Realty Inc.
Buyer's Agent
Trish Bulinski
Bear Island Realty LLC
List Price
$120,000
Sold Price
$120,000
Current Estimated Value
$170,218

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,218
Avg. Annual Appreciation
6.02%
Original Mortgage
$96,000
Outstanding Balance
$85,001
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$85,217

Purchase Details

Closed on
May 13, 2015
Sold by
Not Provided
Bought by
Holzhelmer Martina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,240
Interest Rate
2.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 27, 2010
Sold by
Johnson Carl Stephen and Johnson Candace Joy
Bought by
Lange Michael and Lange Dana
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Rossen Noah R $120,000 None Available
Holzhelmer Martina $42,800 Northeast Title Company
Lange Michael $33,000 Northeast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rossen Noah R $96,000
Previous Owner Holzhelmer Martina $34,240
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/26/2020 02/26/20 Sold $120,000 0.0% $218 / Sq Ft
01/17/2020 01/17/20 Pending -- -- --
11/02/2019 11/02/19 For Sale $120,000 -- $218 / Sq Ft
Source: Lake Superior Area REALTORS®

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
2024 $446 $122,700 $49,600 $73,100
2023 $446 $99,500 $41,200 $58,300
2022 $326 $91,200 $38,200 $53,000
2021 $284 $70,900 $32,300 $38,600
2020 $778 $60,800 $32,300 $28,500
2019 $640 $60,800 $32,300 $28,500
2018 $608 $50,800 $32,300 $18,500
2017 $572 $47,200 $32,300 $14,900
2016 $524 $43,700 $32,300 $11,400
2015 $550 $42,800 $32,700 $10,100
2014 $531 $42,800 $32,700 $10,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6087222

APN: 625001102694

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