BEAUTIFUL lake property with one-bedroom cabin on Bear Island Lake - just 8 miles from Ely! Gorgeous views and sunny southern exposure. Tall Norway pines and beautiful birch trees, with excellent lake bottom for swimming. Classic cabin with beautiful dining room view and wood floors, already wired for electricity. Rare opportunity to own on Bear Island Lake! MUST SEE!
Closed
$230,000
8958 Bear Island Cabin Dr, Babbitt, MN 55706
1beds
0baths
468sqft
Single Family Residence
Built in 1960
0.89 Acres Lot
$284,000 Zestimate®
$491/sqft
$1,116 Estimated rent
Home value
$284,000
$261,000 - $310,000
$1,116/mo
Zestimate® history
Owner options
List your home for rent
$1,116/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$1,116/mo
Rent Zestimate®
Refinance and save
$1,494/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$1,494/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Classic cabinBeautiful lake propertyGorgeous viewsBeautiful dining room viewSunny southern exposureWood floorsBeautiful birch trees
Zillow last checked:
Listing updated:
Listed by:
GREG PERRELLA 218-969-1411,
PERRELLA & ASSOCIATES
Bought with:
NON-RMLS
Non-MLS
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6373769
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 0
Bedroom
- Level: Main
- Area: 72 Square Feet
- Dimensions: 8x9
Dining room
- Level: Main
- Area: 108 Square Feet
- Dimensions: 9x12
Kitchen
- Level: Main
- Area: 108 Square Feet
- Dimensions: 9x12
Living room
- Level: Main
- Area: 126 Square Feet
- Dimensions: 14x9
Heating
- Forced Air
Cooling
- None
Features
- Basement: None
- Has fireplace: No
Interior area
- Total structure area: 468
- Total interior livable area: 468 sqft
- Finished area above ground: 468
- Finished area below ground: 0
Property
Parking
- Parking features: Driveway - Other Surface
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- On waterfront: Yes
- Waterfront features: Lake Front
Lot
- Size: 0.89 Acres
- Dimensions: 390 x 100
Details
- Foundation area: 468
- Parcel number: 625001500240
- Zoning description: Shoreline
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1960
Utilities & green energy
- Gas: Propane
- Sewer: Outhouse
- Water: None
Community & HOA
Community
- Subdivision: Bear Island South West 61-13
HOA
- Has HOA: No
Location
- Region: Babbitt
Financial & listing details
- Price per square foot: $491/sqft
- Tax assessed value: $168,300
- Annual tax amount: $764
- Date on market: 5/19/2023
- Cumulative days on market: 168 days
Price history
| Date | Event | Price |
|---|---|---|
| 10/2/2023 | Sold | $230,000-2.1%$491/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6373769 Report a problem | ||
| 8/29/2023 | Contingent | $234,900$502/sqft |
Source: Range AOR #144888 Report a problem | ||
| 1/31/2023 | Listed for sale | $234,900+2.2%$502/sqft |
Source: Range AOR #144622 Report a problem | ||
| 1/10/2023 | Listing removed | -- |
Source: Range AOR #143399 Report a problem | ||
| 5/26/2022 | Listed for sale | $229,900-16.4%$491/sqft |
Source: Range AOR #143399 Report a problem | ||
| 1/3/2022 | Listing removed | -- |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #6099924 Report a problem | ||
| 10/29/2021 | Listed for sale | $275,000$588/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6121711 Report a problem | ||
| 10/25/2021 | Pending sale | $275,000$588/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6107181 Report a problem | ||
| 9/29/2021 | Listed for sale | $275,000$588/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6107181 Report a problem | ||
| 10/17/2012 | Listing removed | $275,000$588/sqft |
Source: Z' Up North Realty #25748 Report a problem | ||
| 10/11/2012 | Listed for sale | $275,000+59.9%$588/sqft |
Source: Z' Up North Realty #25748 Report a problem | ||
| 9/22/2008 | Sold | $172,000$368/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,398 +83% | $168,300 +28.4% |
| 2023 | $764 +48.1% | $131,100 +37.9% |
| 2022 | $516 +193.2% | $95,100 +5.1% |
| 2021 | $176 | $90,500 +10.6% |
| 2020 | $176 | $81,800 |
| 2019 | $176 -38.5% | $81,800 -9.1% |
| 2018 | $286 -1.4% | $90,000 |
| 2017 | $290 +1.4% | $90,000 -7.3% |
| 2016 | $286 -29.2% | $97,100 +88.9% |
| 2015 | $404 +2% | $51,400 |
| 2014 | $396 -28.2% | $51,400 -23.7% |
| 2013 | $551 -60% | $67,400 -53.4% |
| 2012 | $1,377 +22.1% | $144,700 |
| 2011 | $1,128 +0.8% | $144,700 |
| 2010 | $1,119 | $144,700 |
| 2009 | $1,119 +39.1% | $144,700 +62.8% |
| 2008 | $804 +5.2% | $88,900 +15% |
| 2007 | $764 +14.4% | $77,300 +16.2% |
| 2006 | $668 -5.6% | $66,500 +32.2% |
| 2004 | $708 +8.5% | $50,300 +12% |
| 2003 | $652 +18.4% | $44,900 +10% |
| 2002 | $551 -14.6% | $40,800 +10% |
| 2001 | $645 +5.4% | $37,100 +8.5% |
| 2000 | $612 | $34,200 |
Find assessor info on the county website
Neighborhood: 55706
Nearby homes
- $342,9001 bd0 ba468 sqft8956 Bear Island Cabin Dr, Babbitt, MN 55706Off Market
- $363,3001 bd-- ba468 sqft8958 Bear Island River Rd, Ely, MN 55731Off Market
- $600,4003 bd2 ba1k sqft8960 Bear Island Cabin Dr, Babbitt, MN 55706Off Market
- $295,9001 bd0 ba728 sqft8952 Bear Island Cabin Dr, Babbitt, MN 55706Off Market
- $386,4002 bd0 ba672 sqft8962 Bear Island Cabin Dr, Babbitt, MN 55706Off Market
- $355,4002 bd1 ba672 sqft8950 Bear Island Cabin Dr, Babbitt, MN 55706Off Market
- $276,600-- bd0 ba416 sqft8964 Bear Island Cabin Dr, Babbitt, MN 55706Off Market
- $268,9004 bd-- ba520k sqft8948 Bear Island Cabin Dr, Babbitt, MN 55706Off Market
Nearby schools
GreatSchools rating
- 6/10Washington Elementary SchoolGrades: PK-5Distance: 11.6 mi
- 7/10Memorial Middle SchoolGrades: 6-8Distance: 11.6 mi
- 9/10Memorial SecondaryGrades: 9-12Distance: 11.6 mi
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
- Minnesota
- Saint Louis County
- Babbitt
- 55706
- 8958 Bear Island Cabin Dr
Nearby cities
Nearby zip codes
Other Babbitt Topics
