NOT LISTED FOR SALE

8941 W Bear Island Lake Rd Babbitt, MN 55706

Estimated Value: $287,000 - $496,000

2 Beds
1.5 Baths
1,296 Sq Ft
$293/Sq Ft Est. Value

Last Sold May 31, 2013

Last sale price $196,500 $152 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $2,236/month

511 Days on Market

Highlights

  • 108 Feet of Waterfront
  • Deck
  • Vaulted Ceiling
  • Beach Access
  • Wood Burning Stove
  • 2 Car Detached Garage

About This Home

As of May 2013

ENJOY YR ROUND FUN AT BEAR ISLAND LAKE CABIN w/ its fabulous big water views of islands & sunsets, level lakeshore, spacious 1.3 acres of majestic pines, birch w/ native rock walls. With 1,296 sq ft, this year round 2BD/2BA cabin can easily expand for larger gatherings. 8' x 20' enclosed porch is set up for easy 4-season conversion. New furnace, main level laundry, 2 main level baths, 2 stall garage plus covered storage.

Last Agent to Sell the Property

Wendy Johnson

Wildwoods Land Company Listed on: 11/01/2011

Last Buyer's Agent

Wendy Johnson

Wildwoods Land Company Listed on: 11/01/2011

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,612

Year Built

  • 1970

Lot Details

  • 1.3 Acre Lot
  • Lot Dimensions are 110 x 519
  • 108 Feet of Waterfront
  • Lake Front
  • Property fronts a county road
  • Landscaped with Trees

Home Design

  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 1,296 Sq Ft Home
  • 2-Story Property
  • Woodwork
  • Vaulted Ceiling
  • Wood Burning Stove
  • Free Standing Fireplace
  • Combination Dining and Living Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet

Basement

  • Partial Basement
  • Block Basement Construction

Parking

  • 2 Car Detached Garage
  • Shared Driveway

Outdoor Features

  • Beach Access
  • Deck
  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Wood
  • Heating System Powered By Owned Propane
  • Private Water Source
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number 625-0015-00150

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,612

Year Built

1970

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Classification: Homestead
  • Style: SF Single Family
  • Amenities: Natural Woodwork, Vaulted Ceilings, Walk-In Closet
  • Amenities Exterior: Deck, Driveway - Shared, Porch
  • Estimated Number of Acres: 1.3
  • Assessment Balance: 58
  • Assessments: Yes
  • Construction: Previously Owned
  • Parcel Number: 625-0015-00150
  • Projected Closed Date: 06/10/2013
  • Stories: 2 Story
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1970

Interior Features

  • Dining Room: Combine with Living Room
  • Fireplace Type: Free Standing
  • Total Bedrooms: 2
  • Total Bathrooms: 2
  • Half Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 2
  • Room 1: Living Room, 12x24, On Level: Main
  • Room 2: Dining Room, comb w/xmb w/ lr, On Level: Main
  • Room 3: Kitchen, 8x10, On Level: Main
  • Room 5: Master Bedroom, 14x12M, On Level: Main
  • Room 6: Bedroom, 22x24, On Level: Upper
  • Room 8: Laundry Room, 5x8, On Level: Main
  • Room 9: 3 Season Porch, 20x8, On Level: Main
  • Basement Material: Concrete Block
  • Basement Style: Partial
  • Finished Above Grade Sq Ft: 1296
  • Total Fin Square Footage: 1296
  • Total Square Footage: 1296

Exterior Features

  • Frontage Road: County
  • Waterfront Name: Bear Island
  • Construction Type: Frame/Wood
  • Exterior: Wood
  • Roof: Asphalt Shingles
  • Waterfront: Yes
  • Water Frontage: 108
  • Waterfront Description: Lake

Garage/Parking

  • Garage Type: Detached
  • Garage Capacity: 2

Utilities

  • Fuel: Propane - Tank Owned, Wood
  • Heat: Forced Air, Wood Stove
  • Sewer: Private
  • Water: Private

Lot Info

  • Estimated Lot Dimensions: 110 x 519
  • Lot/Land Description: Accessible Shoreline, Tree Coverage - Medium

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2011
Closed on
May 31, 2013
Sold by
Kroupa Thomas P
Bought by
Patten Janine and Mcdonald Thomas J
Seller's Agent
Wendy Johnson
Wildwoods Land Company
Buyer's Agent
Wendy Johnson
Wildwoods Land Company
List Price
$246,000
Sold Price
$196,500
Premium/Discount to List
-$49,500
-20.12%
Current Estimated Value
$368,481

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$171,981
Avg. Annual Appreciation
3.94%

Purchase Details

Closed on
Mar 20, 2007
Sold by
Farley Marcia and Kroupa Marcia
Bought by
Kroupa Thomas

Purchase Details

Closed on
Oct 4, 2005
Sold by
Bach Robin J and Kroupa Robin J
Bought by
Kroupa Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,500
Interest Rate
6.5%
Mortgage Type
New Conventional
Source: Public Records

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
Patten Janine $196,500 Northeast Title Company
Kroupa Thomas -- None Available
Kroupa Thomas -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kroupa Thomas P $170,000
Previous Owner Kroupa Thomas $158,000
Previous Owner Kroupa Thomas $30,500
Previous Owner Kroupa Thomas P $97,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2013 05/31/13 Sold $196,500 -20.1% $152 / Sq Ft
03/26/2013 03/26/13 Pending -- -- --
11/01/2011 11/01/11 For Sale $246,000 -- $190 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

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 $2,612 $247,000 $136,600 $110,400
2022 $1,126 $219,800 $124,200 $95,600
2021 $2,096 $211,500 $118,000 $93,500
2020 $1,952 $189,000 $107,700 $81,300
2019 $2,064 $189,000 $107,700 $81,300
2018 $2,050 $202,400 $119,100 $83,300
2017 $2,016 $202,400 $119,100 $83,300
2016 $1,990 $198,900 $112,100 $86,800
2015 $1,924 $179,600 $101,200 $78,400
2014 $1,924 $179,600 $101,200 $78,400
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2013

    Wendy Johnson

    Wildwoods Land Company

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4245870

REALTOR® Association of Southern Minnesota

APN: 625001500150

Minnesota St Louis County Babbitt 55706

8941 W Bear Island Lake Rd, Babbitt, MN

This home is located at 8941 W Bear Island Lake Rd, Babbitt, MN 55706 since 01 November 2011 and is currently estimated at $379,685, approximately $292 per square foot. This property was built in 1970. 8941 W Bear Island Lake Rd is a home located in St. Louis County with nearby schools including Washington Elementary School and Memorial High School.

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