NOT LISTED FOR SALE

8987 W Bear Island Lake Rd Babbitt, MN 55706

Estimated Value: $292,000 - $349,972

2 Beds
1 Bath
672 Sq Ft
$478/Sq Ft Est. Value

Last Sold May 06, 2022

Last sale price $299,900 $446 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $2,058/month

159 Days on Market

About This Home

As of May 2022

ENJOY GORGEOUS 1 ACRE BEAR ISLAND LAKE setting from sandy swimming beach, firepit, expansive decks or from well maintained 2 bedroom/1 bath seasonal cabin. Cabin features open kitchen/dining/living space, knotty pine walls, generous sized bedrooms, updated 3/4 bath with large walk-in shower & huge decks on two sides. 3rd lot from dead-end of paved road & good tree buffer offer privacy. Lot is mostly level by lake with very gentle slope to cabin & road. But it’s the pristine views that are captivating! Bear Island Lake is a 2362acre natural glacial lake w/+20 picturesque islands & where more than 85% of the shoreline is undeveloped. A great value for either a get-away cabin or eventual home site!

Last Agent to Sell the Property

Wendy Johnson

Keller Williams Classic Realty Northwest License #20553505 Listed on: 11/14/2021

Keller Williams Classic Realty Northwest

Last Buyer's Agent

Member Non

NON-MEMBER

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,799

Lot Details

  • 1 Acre Lot
  • Irregular Lot
  • Property is zoned SMU-7

Home Design

  • Wood Frame Construction
  • Shingle Roof

Interior Spaces

  • 672 Sq Ft Home
  • 1-Story Property
  • Electric Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Outdoor Features

  • Deck

Utilities

  • Well
  • Electric Water Heater
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 625-0015-00030

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,799

Lot Details

0

Listing Details

  • Class: Residential
  • Construction: Wood Frame
  • Irregular Lot Size: Yes
  • Lvt Date: 11/14/2021
  • Main Level Bathrooms: 1
  • Number Of Bedrooms: 2
  • Parcel Code Number: 625-0015-00030
  • Patioporch: Deck
  • Real Estate Tax: 1799.00
  • Style: One Story
  • Total Above Grade Sq Ft: 672
  • Type: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Finished Sq Ft: 672
  • Bedroom 1: Size: 11.5 x 10, On Level: Main
  • Total Bathrooms: 1
  • Appliances: Electric Range, Refrigerator
  • Bedroom 2: Size: 11.5 x 10, On Level: Main
  • Dining Room: Size: comb kt, On Level: Main
  • Kitchen: Size: 12 x 10.5, On Level: Main
  • Living Room: Size: 12 x 16, On Level: Main
  • Main Level Bedrooms: 2
  • Main Level Sq Ft: 672
  • Other Room 2: Bath, Size: 8 x 5, On Level: Main

Exterior Features

  • Exterior: Wood
  • Roof: Shingle

Utilities

  • Utilities: Septic, Well
  • Water Heater: Electric

Schools

  • School District: Babbitt

Lot Info

  • Lot Size: Dimensions: 353x150
  • Number Of Acres: 1
  • Zoning: SMU-7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2021
Closed on
May 20, 2022
Sold by
Jon Jaeger Richard
Bought by
Jaeger Michael
Seller's Agent
Wendy Johnson
Keller Williams Classic Realty Northwest
Buyer's Agent
Member Non
NON-MEMBER
List Price
$319,900
Sold Price
$299,900
Premium/Discount to List
-$20,000
-6.25%
Current Estimated Value
$331,638

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,738
Avg. Annual Appreciation
4.20%

Purchase Details

Listed on
Nov 14, 2021
Closed on
May 6, 2022
Sold by
Jaeger Michael K and Jaeger Sandra K
Bought by
Crary Amy J and Crary Jerry J
Seller's Agent
Wendy Johnson
Keller Williams Classic Realty Northwest
Buyer's Agent
Member Non
NON-MEMBER
List Price
$319,900
Sold Price
$299,900
Premium/Discount to List
-$20,000
-6.25%

Purchase Details

Closed on
Oct 1, 2010
Sold by
Jaeger Frank Matthew and Jaeger Lorraine M
Bought by
Jaeger Richard and Jaeger Michael
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Jaeger Michael -- --
Crary Amy J $299,900 Northeast Title
Jaeger Richard -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2022 05/06/22 Sold $299,900 -6.3% $446 / Sq Ft
04/22/2022 04/22/22 Pending -- -- --
11/14/2021 11/14/21 For Sale $319,900 -- $476 / 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 $2,898 $222,000 $153,700 $68,300
2022 $2,026 $198,800 $139,700 $59,100
2021 $1,884 $157,300 $118,800 $38,500
2020 $1,792 $141,900 $108,400 $33,500
2019 $1,920 $141,900 $108,400 $33,500
2018 $1,916 $154,300 $119,900 $34,400
2017 $1,952 $154,300 $119,900 $34,400
2016 $1,918 $156,700 $121,700 $35,000
2015 $1,877 $156,700 $121,700 $35,000
2014 $1,877 $156,700 $121,700 $35,000
Source: Public Records

Agents Affiliated with this Home

  • Wendy Johnson

    Seller's Agent in 2022

    Wendy Johnson

    Keller Williams Classic Realty Northwest

    (218) 349-7731

    69 Total Sales

    Section Image

  • M

    Buyer's Agent in 2022

    Member Non

    NON-MEMBER

See All Agents

Map

Source: Range Association of REALTORS®

MLS Number: 142611

Range Association of REALTORS®

APN: 625001500030

Minnesota St Louis County Babbitt 55706

8987 W Bear Island Lake Rd, Babbitt, MN

This home is located at 8987 W Bear Island Lake Rd, Babbitt, MN 55706 since 14 November 2021 and is currently estimated at $320,993, approximately $477 per square foot. 8987 W Bear Island Lake Rd 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.

Nearby Homes