NOT LISTED FOR SALE

8994 W Bear Island Lake Rd Babbitt, MN 55706

Estimated Value: $279,000 - $547,000

3 Beds
2.5 Baths
2,043 Sq Ft
$213/Sq Ft Est. Value

Last Sold July 19, 2021

Last sale price $400,000 $196 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $2,727/month

176 Days on Market

Highlights

  • Private Waterfront
  • Panoramic View
  • Deck
  • Memorial High School Rated 9+
  • Heated Floors
  • Ranch Style House

About This Home

As of July 2021

Updated & Well Maintained Year Round Lake Home Set On 350 Ft East Facing Shoreline, Bear Island Lake. Private Gradual 2 Acres Adjoining Hundreds Of Acres Of State Land & Near Public Beach & Launch, Beautiful Island Studded Views, 15 Mi Paved Rd To Ely-Clear Water, Sun All Day Long & Gorgeous Sunsets! This is a 2362 acre lake in Bear Island State Forest, 62 ft deep, stocked w/walleye. 2,520 SF, 3BR/3BTH cedar sided home w/ attached 2 car garage. Spacious kitchen w/new counters open to dining & living-all lakeside with glass door to lakefront deck. Lakeside main flr master. 2 main flr guest BRs & bth. Main flr laundry. Wlkout basement offers family rm w/ glass door to lake, bathroom & lots of storage. Open yard, storage bldg. Freshly painted inside & out, new/newer baths, flooring, lighting, roof. Click link for 3D Tour!

Last Agent to Sell the Property

Lisa Janisch

Janisch Realty Inc. Listed on: 06/02/2020

Last Buyer's Agent

Lisa Janisch

Janisch Realty Inc. Listed on: 06/02/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,914

Year Built

  • Built in 1975

Lot Details

  • 2.2 Acre Lot
  • Lot Dimensions are 528x292
  • Private Waterfront
  • 350 Feet of Waterfront
  • Lake Front
  • Property fronts a county road
  • Irregular Lot
  • Lot Has A Rolling Slope
  • Landscaped with Trees

Property Views

  • Lake
  • Panoramic

Home Design

  • Ranch Style House
  • Concrete Foundation
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • Woodwork
  • Family Room
  • Living Room
  • Combination Kitchen and Dining Room
  • Den
  • Lower Floor Utility Room
  • Storage Room
  • Utility Room
  • Heated Floors

Kitchen

  • Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Recreation or Family Area in Basement
  • Finished Basement Bathroom

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Gravel Driveway

Outdoor Features

  • Deck
  • Pole Barn
  • Storage Shed
  • Porch

Utilities

  • No Cooling
  • Hot Water Heating System
  • Boiler Heating System
  • Heating System Uses Oil
  • Radiant Heating System
  • Private Water Source
  • Electric Water Heater
  • Private Sewer
  • Phone Available

Listing and Financial Details

  • Assessor Parcel Number 625-0011-02730

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,914

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Babbitt, N. on Hwy 21, W. on Cty Rd. 904, N. on W. Bear Island Lake Rd. to Fire#.
  • L O1 Office Phone1 Number: 218-780-6644
  • List Price/ Sq Ft: 195.79
  • ShorelineCharacteristics: Gravel, Sand
  • Property Sub-Type: SF/Detached
  • Tax Year: 2019
  • Twp Number: 61
  • View Type:Pond View: Inland Lake, Panoramic
  • Lot Description Waterfront: Yes
  • Air Conditioner: None
  • Reso Association Amenities: Garage Door Opener, Natural Woodwork, Main Floor Laundry, Dryer Hook-Ups, Washer Hook-Ups
  • Amenities Exterior: Deck, Porch
  • Half Bathrooms: 1
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1260
  • Below Grade Finished Sq Ft: 783
  • Garage Type: Attached
  • Heat: Boiler, In Floor, Radiant, Hot Water, Oil
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Asphalt Shingles
  • Room 10: Storage Room
  • Room 11: Laundry Room
  • Bedroom 3: Dining Room
  • TotalBedrooms: 3
  • Year Built: 1975
  • Level 1 Bedroom: Main
  • RoomLevel10: Lower
  • RoomLevel11: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • RoomLevel6: Main
  • RoomLevel7: Main
  • RoomLevel8: Lower
  • RoomLevel9: Lower
  • Property Style: Ranch/Rambler
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Appliances: Dishwasher, Dryer, Exhaust Fan/Hood, Microwave, Range/Stove, Refrigerator, Washer
  • Basement Features: Partially Finished, Walkout, Bath, Den/Office, Family/Rec Room, Utility Room
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Bathroom Description: Full Main Floor
  • Formal Dining: Combine with Kitchen, Informal Dining Room
  • Extra Rooms: Den/Office, Family/Rec, Utility Room
  • Fireplace: No
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Family Room
  • Main Residence Features:Family Room4: Kitchen
  • Bedroom 5: Bedroom
  • Stories: 1 Story
  • Room 6: Bedroom
  • Room 7: Bedroom
  • Room 8: Den/Office
  • Room 9: Utility Room
  • Total Bathrooms: 3
  • Total Fin Square Footage: 2043
  • Exercise Room Level2: Lower

Exterior Features

  • Out Buildings: Pole Building, Storage Shed
  • Road Frontage: County, Paved
  • Waterfront Access: Private
  • Water Frontage In Feet: 350
  • Waterfront Name: Bear Island
  • Construction Status: Previously Owned
  • Exterior: Wood

Garage/Parking

  • Parking Driveway: Driveway - Gravel
  • Garage Capacity: 2
  • ParkingFeaturesGarageDimensions: 21x14

Utilities

  • Power Company: Lake Country Power
  • Sewer: Private
  • Water: Private

Schools

  • School District: St. Louis County #2142
  • Junior High Dist: St. Louis County #2142

Lot Info

  • Geo Update Timestamp: 2020-06-02
  • Estimated Lot Dimensions: 528x292
  • Estimated Number of Acres: 2.2
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Irregular Lot, Tree Coverage - Medium, Telephone, Rolling, BWCA Area
  • Parcel Number: 625-0011-02730
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 3914

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2020
Closed on
Jul 19, 2021
Sold by
Brown Sharra L
Bought by
Bagge Jonathan M and Bagge Erika K
Seller's Agent
Lisa Janisch
Janisch Realty Inc.
Buyer's Agent
Lisa Janisch
Janisch Realty Inc.
List Price
$400,000
Sold Price
$400,000
Current Estimated Value
$434,311

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,311
Avg. Annual Appreciation
2.01%
Original Mortgage
$320,000
Outstanding Balance
$292,032
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$142,279

Purchase Details

Closed on
Feb 17, 2016
Sold by
Brown Sharra L and Brown Dan Gerald
Bought by
Brown Sharra L

Purchase Details

Closed on
Jun 23, 2015
Sold by
Brown Dan G and Brown Sharra L
Bought by
Brown Dan G and Brown Sharra L

Purchase Details

Closed on
Mar 30, 2001
Sold by
Brown Dan G and Brown Sylvia A
Bought by
Anderson Lawrence L and Anderson Cathleen A
Source: Public Records

Range of Values:

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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
Bagge Jonathan M $400,000 None Available
Brown Sharra L -- None Available
Brown Dan G -- Attorney
Anderson Lawrence L $65,000 Arrowhead Abstract & Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bagge Jonathan M $320,000
Previous Owner Brown Dan G $167,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2021 07/19/21 Sold $400,000 0.0% $196 / Sq Ft
11/25/2020 11/25/20 Pending -- -- --
06/02/2020 06/02/20 For Sale $400,000 -- $196 / Sq Ft
Source: Lake Superior Area 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 $4,374 $411,500 $194,500 $217,000
2022 $4,200 $435,300 $236,900 $198,400
2021 $3,736 $377,000 $223,700 $153,300
2020 $3,774 $337,000 $203,900 $133,100
2019 $3,974 $337,000 $203,900 $133,100
2018 $4,034 $362,300 $225,600 $136,700
2017 $4,278 $362,400 $225,700 $136,700
2016 $4,294 $380,300 $239,000 $141,300
2015 $4,538 $377,300 $237,100 $140,200
2014 $4,113 $377,300 $237,100 $140,200
Source: Public Records

Agents Affiliated with this Home

  • Lisa Janisch

    Seller's Agent in 2021

    Lisa Janisch

    Janisch Realty Inc.

    (218) 780-6644

    313 Total Sales

    Lisa Janisch
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6090499

APN: 625001102730

Minnesota St Louis County Babbitt 55706

8994 W Bear Island Lake Rd, Babbitt, MN

This home is located at 8994 W Bear Island Lake Rd, Babbitt, MN 55706 since 02 June 2020 and is currently estimated at $434,311, approximately $212 per square foot. This property was built in 1975. 8994 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.

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