NOT LISTED FOR SALE

8950 Bear Island Cabin Dr Babbitt, MN 55706

Estimated Value: $237,000 - $345,000

2 Beds
1 Bath
672 Sq Ft
$425/Sq Ft Est. Value

Last Sold August 28, 2020

Last sale price $219,000 $326 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $1,794/month

60 Days on Market

Highlights

  • Patio
  • Forced Air Heating System
  • Wood Burning Fireplace
  • 1-Story Property

About This Home

As of August 2020

Northwoods Cabin at it's best on Bear Island Lake! 2 BR cabin that brings back the nostalgic and memorable times at the cabin! Recreate your own and new memories. Nice well treed lot whit a gradual slope to the water. Cabin sits at an unheard of 30 feet from the shoreline. Can't get that anymore! Fish right out the living room window ! Nice 103 feet of swimmable shoreline with a mixture of sand and rocks. Beautiful big water views facing North East and some of those beautiful Northern Lights. Close to town, with drive up access you love not only the ease of getting to the cabin, but the quite of the area, and only 15 mins to Ely. Wood stove in the living room to take the chill out of the air if needed but a propane furnace for those colder times too.

Last Agent to Sell the Property

Andrea Zupancich

z' Up North Realty License #40149923 Listed on: 04/30/2020

Last Buyer's Agent

Andrea Zupancich

z' Up North Realty License #40149923 Listed on: 04/30/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,600

Year Built

  • Built in 1950

Lot Details

  • 0.92

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 672 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Free Standing Fireplace
  • Crawl Space

Kitchen

  • Electric Range
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • The lake is a source of water for the property
  • Well
  • Electric Water Heater
  • Septic System

Additional Features

  • Patio
  • 0.92 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 625-0015-00210

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,600

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: Residential
  • Construction: Wood Frame
  • Heat: Gas, Forced Air
  • Lvt Date: 04/30/2020
  • Main Level Bathrooms: 1
  • Number Of Bedrooms: 2
  • Parcel Code Number: 625-0015-00210
  • Patioporch: Patio
  • Real Estate Tax: 1600
  • Style: One Story
  • Total Above Grade Sq Ft: 672
  • Type: Residential
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Finished Sq Ft: 672
  • Bedroom 1: Size: 11.5x15.4, On Level: Main
  • Total Bathrooms: 1
  • Appliances: Electric Range, Microwave, Refrigerator
  • Basement: Crawl
  • Bedroom 2: Size: 10.3x8, On Level: Main
  • Fireplace: Free Standing, Wood Burning
  • Kitchen: Size: 11x10.4, On Level: Main
  • Living Room: Size: 11x12, On Level: Main
  • Lower Level Sq Ft: 672
  • Main Level Bedrooms: 2
  • Main Level Sq Ft: 672
  • Other Room 2: Bathroom, Size: 10x7.8, On Level: Main

Exterior Features

  • Exterior: Shingles
  • Roof: Asphalt, Shingle

Utilities

  • Utilities: Septic, Well, Lake Water System
  • Water Heater: Electric

Schools

  • School District: Babbitt-2142

Lot Info

  • Lot Size: Dimensions: 102x401
  • Number Of Acres: 0.92
  • Zoning: r

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2020
Closed on
Aug 28, 2020
Sold by
Jones John Paul and Jones Mary P
Bought by
Anderson Brian Thomas and Anderson Catherine Eileen
Seller's Agent
Andrea Zupancich
z' Up North Realty
Buyer's Agent
Andrea Zupancich
z' Up North Realty
List Price
$229,000
Sold Price
$219,000
Premium/Discount to List
-$10,000
-4.37%
Current Estimated Value
$290,630

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,630
Avg. Annual Appreciation
6.45%
Original Mortgage
$175,200
Outstanding Balance
$156,183
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$142,240
Source: Public Records

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
Anderson Brian Thomas $219,000 Northeast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Anderson Brian Thomas $175,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2020 08/28/20 Sold $219,000 -4.4% $326 / Sq Ft
06/29/2020 06/29/20 Pending -- -- --
04/30/2020 04/30/20 For Sale $229,000 -- $341 / Sq Ft
Source: Range Association of 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 $2,426 $185,300 $122,000 $63,300
2022 $1,960 $165,700 $110,900 $54,800
2021 $1,684 $153,600 $105,400 $48,200
2020 $1,600 $126,800 $96,100 $30,700
2019 $1,710 $126,800 $96,100 $30,700
2018 $1,666 $137,700 $106,300 $31,400
2017 $1,734 $137,700 $106,300 $31,400
2016 $1,698 $139,400 $105,200 $34,200
2015 $1,661 $139,400 $105,200 $34,200
2014 $1,661 $139,400 $105,200 $34,200
Source: Public Records

Agents Affiliated with this Home

  • Andrea Zupancich

    Seller's Agent in 2020

    Andrea Zupancich

    z' Up North Realty

    (218) 749-0159

    468 Total Sales

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Map

Source: Range Association of REALTORS®

MLS Number: 139279

Range Association of REALTORS®

APN: 625001500210

Minnesota St Louis County Babbitt 55706

8950 Bear Island Cabin Dr, Babbitt, MN

This home is located at 8950 Bear Island Cabin Dr, Babbitt, MN 55706 since 30 April 2020 and is currently estimated at $285,887, approximately $425 per square foot. This property was built in 1950. 8950 Bear Island Cabin Dr is a home located in St. Louis County with nearby schools including Washington Elementary School and Memorial High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Range Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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