NOT LISTED FOR SALE

8991 Bear Island Ln Babbitt, MN 55706

Estimated Value: $243,000 - $485,000

3.8 Acres
$95,005 Price per Acre
165,528 Sq Ft Lot

Sale Details

Date Sold: August 27, 2020

Last sale price $179,500

Est. 101% increase in value since last sale

Current estimated payment $2,218 / mo

58 Days on Market

Highlights

  • Private Waterfront
  • Lake View
  • Many Trees
  • Memorial High School Rated 9+
  • Elevated Lot

About This Lot

As of August 2020

This +-3.8 acre Bear Island lake lot is heavily wooded with maple, birch and aspen. There is approximately 475' of rocky shoreline with big water views. Rolling lot with many large rock outcroppings and building sites to choose from. Located near the end of a quiet gravel road with power at the properties edge. Seller will have the site checked and approved for septic sites. This large lot offers plenty of privacy and would work great for a summer cabin or year round home.

Last Agent to Sell the Property

Chris Eilrich

Wildwoods Land Company Listed on: 06/03/2020

Last Buyer's Agent

Trish Bulinski

Bear Island Realty LLC License #MN 20274047

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,492

Lot Details

  • 3.8 Acre Lot
  • Lot Dimensions are 200 x 400 x 475 x 590
  • Private Waterfront
  • 475 Feet of Waterfront
  • Lake Front
  • Property fronts a private road
  • Elevated Lot
  • Many Trees

Parking

  • No Driveway

Property Views

  • Lake Views

Property Details

Property Type

Land

Est. Annual Taxes

$2,492

Lot Details

3.8 Acres

Listing Details

  • Class: LOT/LAND
  • Directions: South from Ely on Highway #21 to Bear Island Resort Road. Follow Bear Island Resort Road to Bear Island Lane. Follow for 1/4 mile to sign on left.
  • L O1 Office Phone1 Number: 218-365-3665
  • Renewal Options: Sell Entirely
  • RdBtwnWtrfrnt: No
  • Road Maintenance: Private
  • ShorelineCharacteristics: Rocky, Undeveloped
  • Property Sub-Type: Residential
  • Tax Year: 2020
  • Twp Number: 61N
  • View Type:Pond View: Inland Lake
  • Lot Description Waterfront: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Frontage: Private
  • Waterfront Access: Private
  • Water Frontage In Feet: 475
  • Waterfront Name: Bear Island

Garage/Parking

  • Parking Driveway: None

Utilities

  • Available Utilities: Electric
  • Power Company: Lake Country Power

Schools

  • Junior High Dist: St. Louis County #2142

Lot Info

  • Estimated Lot Dimensions: 200 x 400 x 475 x 590
  • Estimated Number of Acres: 3.8
  • Cultivated Acreage: LSAR
  • Builder Restrictions: None
  • Development Status: Raw Land
  • Geo Subdivision: MN
  • Improvements: Survey Stakes
  • Land Improvements: No
  • Lot Description: Accessible Shoreline, Tree Coverage - Heavy, High
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 2492

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2020
Closed on
Aug 25, 2020
Sold by
Bought by
Seller's Agent
Chris Eilrich
Wildwoods Land Company
Buyer's Agent
Trish Bulinski
Bear Island Realty LLC
List Price
$179,500
Sold Price
$179,500
Current Estimated Value
$361,019

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$181,519
Avg. Annual Appreciation
12.53%

Purchase Details

Closed on
Sep 27, 2014
Sold by
Bought by

Purchase Details

Closed on
Jul 25, 2009
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$179,500 Northeast Title Company
-- None Available
-- None Available
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/27/2020 08/27/20 Sold $179,500 0.0% --
07/31/2020 07/31/20 Pending -- -- --
06/03/2020 06/03/20 For Sale $179,500 -- --
Source: Lake Superior Area REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,016 $287,200 $229,400 $57,800
2023 $2,950 $170,500 $170,500 $0
2022 $2,782 $154,400 $154,400 $0
2021 $2,600 $222,900 $222,900 $0
2020 $2,492 $202,400 $202,400 $0
2019 $2,754 $202,400 $202,400 $0
2018 $2,750 $224,900 $224,900 $0
2017 $2,800 $224,900 $224,900 $0
2016 $2,808 $228,300 $228,300 $0
2015 $2,753 $228,300 $228,300 $0
2014 $2,753 $228,300 $228,300 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2020

    Chris Eilrich

    Wildwoods Land Company

    (218) 343-6169

    133 Total Sales

    Chris Eilrich
    Section Image

  • T

    Buyer's Agent in 2020

    Trish Bulinski

    Bear Island Realty LLC

    (218) 349-5595

    126 Total Sales

    Trish Bulinski
    Section Image
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6090796

APN: 625001400050

Minnesota St Louis County Babbitt 55706

8991 Bear Island Ln, Babbitt, MN

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Listings courtesy of Lake Superior Area REALTORS® as distributed by MLS GRID

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