2 months on rocket

8950 Bear Island Cabin Dr, Babbitt, MN, 55706

$349,000

Home List Price

$4,144*

Closing Credit

2 Bedrooms
1 Full Bath
672 SqFt
$519/SqFt
House
Schools Nearby

Location

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8950 Bear Island Cabin Dr, Babbitt$349,000

Buyer Closing Credits

$4,144*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingNone
Year Built1950
HeatingForced Air, Fireplace(s)
CoolingNone
WaterfrontLake Front
FireplaceWood Burning
MLS #6488281
StatusActive

About 8950 Bear Island Cabin Dr

Introducing this charming 2 BR cabin nestled in the serene Northwoods on Bear Island Lake. Recently updated, it features 103 feet of beautiful shoreline with a blend of sand beach and some rocky gravel. Enjoy panoramic breath-taking views. Conveniently located yet still a tranquil retreat. And guess what! This cabin is merely 30 feet from waters' edge. Offering unparalleled convenience of lakeside living. Don't miss out on this rare opportunity.

Property Details

Property Features

Property Information:

  • Year Built: 1950
  • Living Area: 672 SqFt

Listing Office:

  • Office Name: z'Up North Realty, Inc.

Interior Features

Interior Information:

  • Basement: No
  • Fireplace: Wood Burning

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Waterfront: Lake Front

Parking Information:

  • Attached Garage: No
  • Parking: None

Utilities

Utilities Information:

  • Heating: Forced Air, Fireplace(s)
  • Cooling: None

School Info

Assigned Schools Information:

  • Memorial High School, Public District Grades 7-12
  • Memorial Middle School, Public District Grades 6-8
  • Washington Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: Hwy 21 to Bear Island Cabin Road, left at the fork to the fire number. Sellers requested no sign.

Price Information

Listing Price Info

Price Summary:

  • List Price: $349,000
  • Price Per SqFt: $519/SqFt

Tax Information:

  • Annual Amount: $1,684
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Babbitt, MN.

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Babbitt, MN

City

Med. Sold Price

$109.9K

Med. Price/SqFt

$76

Avg. Days On Market

149

# of Sold Homes

5

8950 Bear Island Cabin Dr vs Babbitt

74 DAYS ON ROCKET

-75 Days

$349,000

+$239.1K More

$519/SqFt

+$442 More

KEY TAKEAWAY

This property is $239.1K more than the Median Sold Price and $442/SqFt more than other homes in Babbitt, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6488281

Listing Office:

  • Office Name: z'Up North Realty, Inc.

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Last updated on: 4/27/2024, 9:22:15 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 09, 2020Home Sold
$219,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,684$126,800
2019$1,600$126,800
2017$1,666$137,700

History based on county public records data.

Payment Calculator

$1,809

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,113

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1632355
5
/10

  • Washington Elementary School

  • 600 E Harvey St

  • 11.58 miles

  • Public District Grades PK-5

Middle School

school-card-donut-1632356
7
/10

  • Memorial Middle School

  • 600 E Harvey St

  • 11.58 miles

  • Public District Grades 6-8

High School

school-card-donut-1632357
8
/10

  • Memorial High School

  • 600 E Harvey St

  • 11.58 miles

  • Public District Grades 7-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $62,745. Typical income of Babbitt, MN residents is between $35k-100k annually. Typical family type is married, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 8950 Bear Island Cabin Dr

What is the listing price of this property?

The listing price of 8950 Bear Island Cabin Dr property is $349,000.

What type of property is this?

The property 8950 Bear Island Cabin Dr is a house located in Babbitt, Minnesota, 55706.

Is this property for sale now?

Active Listing: 8950 Bear Island Cabin Dr is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 8950 Bear Island Cabin Dr are:
Washington Elementary School: GreatSchools Rating 5/10
Memorial Middle School: GreatSchools Rating 7/10
Memorial High School: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,684 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on September 9, 2020 for $219,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 8950 Bear Island Cabin Dr has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 8950 Bear Island Cabin Dr is 672 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 8950 Bear Island Cabin Dr is 1950.

Rocket Homes›Minnesota›Saint Louis County›Babbitt›55706›8950 Bear Island Cabin Dr

This home is located at 8950 Bear Island Cabin Dr in Babbitt, MN and zip code 55706. This 672 square foot home was built in 1950. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since February 13, 2024 and is currently priced at $349,000.

Over 4 listings were sold over their listed price in March 2024 in Babbitt, MN. In the same period over 1 listings were sold below the listed price and 0 listings were sold for the listed price. The number of homes for sale in Babbitt, MN decreased by 13.3% between February 2024 and March 2024. While the average time on the market in March 2024 was 149 days, the median list price was $109,900.

From Rocket Homes Real Estate and based on county public records data.

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