NOT LISTED FOR SALE

1111 Highway 21 N Ely, MN 55731

Estimated Value: $330,333 - $380,000

3 Beds
2 Baths
1,862 Sq Ft
$189/Sq Ft Est. Value

Last Sold September 27, 2024

Last sale price $329,000 $177 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $2,050/month

54 Days on Market

Highlights

  • Private Waterfront
  • Newly Remodeled
  • Heated Floors
  • Memorial High School Rated 9+
  • Panoramic View
  • Recreation Room

About This Home

As of September 2024

Ely Country Bear Island River Home This beautiful 3BR/2BA home is nestled on nearly 6 acres of pristine land, with over 475 feet of Bear Island River frontage. Enjoy the tranquility of nature while being just minutes away from Ely and Babbitt. Fieldstone Fireplace, new kitchen cabinets with butcher block counter, patio door from living room to backyard. A river side oasis offering seamless indoor-outdoor living and so much more. New giant cement firepit, two detattached garages (26x36 and 24x24), and cute little enclosed building facing the river. Great for an artist studio, she shed, playhouse - whatever you'd like. All situated in a convenient location, this property offers the best of both worlds—seclusion and accessibility. You'll be minutes away from the amenities of Ely and Babbitt while enjoying the peace and beauty of the Bear Island River.

Last Agent to Sell the Property

Andrea Zupancich

Z' Up North Realty Listed on: 06/22/2024

Last Buyer's Agent

Lori Melbostad

Kris Lindahl Real Estate

Kris Lindahl Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,119

Year Built

  • Built in 1954 | Newly Remodeled

Lot Details

  • 5.98 Acre Lot
  • Lot Dimensions are 400 x 600
  • Private Waterfront
  • 475 Feet of Waterfront
  • River Front
  • Property fronts a county road
  • Level Lot

Parking

  • 4 Car Detached Garage

Property Views

  • River
  • Panoramic

Home Design

  • Traditional Architecture
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 1,862 Sq Ft Home
  • 2-Story Property
  • Woodwork
  • Gas Fireplace
  • Family Room
  • Living Room
  • Combination Kitchen and Dining Room
  • Recreation Room
  • Laundry on main level

Kitchen

  • Eat-In Kitchen
  • Range

Flooring

  • Heated Floors
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • Bathroom on Main Level

Outdoor Features

  • Enclosed Patio or Porch
  • Gazebo

Utilities

  • No Cooling
  • Boiler Heating System
  • Heating System Uses Propane
  • Private Water Source
  • Private Sewer

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 465-0010-04660

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,119

Year Built

Built in 1954 | Newly Remodeled

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: Hwy 21 to Fire Number
  • L O1 Office Phone1 Number: 218-827-2288
  • Road Maintenance: Public
  • Property Sub-Type: SF/Detached
  • Tax Year: 2024
  • View Type:Pond View: Panoramic, River
  • Lot Description Waterfront: Yes
  • Air Conditioner: None
  • Reso Association Amenities: Natural Woodwork, Tiled Floors, Walk-In Closet, Main Floor Laundry
  • Amenities Exterior: Patio, Porch
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1862
  • Garage Type: Detached
  • Heat: Boiler, In Floor, Propane
  • Fireplaces: 1
  • MainFloorBath: Yes
  • New Development: Yes
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Kitchen
  • TotalBedrooms: 3
  • Year Built: 1954
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Upper
  • RoomLevel5: Upper
  • RoomLevel6: Upper
  • RoomLevel7: Upper
  • RoomLevel8: Main
  • RoomLevel9: Main
  • Property Style: Traditional
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Appliances: Refrigerator, Range/Stove
  • Basement Features: N/A
  • Basement Material: N/A
  • Basement Style: None
  • Bathroom Description: 3/4 Main Floor
  • Formal Dining: Combine with Kitchen, Eat-In Kitchen, Informal Dining Room
  • Extra Rooms: Family/Rec
  • Fireplace: Yes
  • Den Fireplace Type: Gas
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Dining Room
  • Main Residence Features:Family Room4: Primary Bedroom
  • Bedroom 5: Bedroom
  • Stories: 2 Story
  • Room 6: Bedroom
  • Room 7: Rec Room
  • Room 8: 3 Season Porch
  • Room 9: Other
  • Total Bathrooms: 2
  • Total Fin Square Footage: 1862
  • Exercise Room Level2: Main

Exterior Features

  • Out Buildings: Gazebo
  • Road Frontage: County
  • Waterfront Access: Private
  • Water Frontage In Feet: 475
  • Waterfront Name: Bear Island
  • Construction Status: Previously Owned
  • Exterior: Wood

Garage/Parking

  • Garage Features: Electrical Service
  • Garage Capacity: 4
  • ParkingFeaturesGarageDimensions: 26x36, 24,24

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 400 x 600
  • Estimated Number of Acres: 5.98
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Level, Rolling
  • Parcel Number: 465-0010-04660
  • Waterfront Type: River

Tax Info

  • Tax Amount: 2119

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2024
Closed on
Sep 25, 2024
Sold by
Brant Circle Real Estate Inc
Bought by
Smith Dennis and Smith Karen
Seller's Agent
Andrea Zupancich
Z' Up North Realty
Buyer's Agent
Lori Melbostad
Kris Lindahl Real Estate
List Price
$349,000
Sold Price
$329,000
Premium/Discount to List
-$20,000
-5.73%
Views
75
Current Estimated Value
$352,083

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,083
Avg. Annual Appreciation
6.48%
Original Mortgage
$339,857
Outstanding Balance
$336,358
Interest Rate
6.46%
Mortgage Type
VA
Estimated Equity
$15,725

Purchase Details

Closed on
Apr 13, 2023
Sold by
Shere Eric and Shere Crystal
Bought by
Us Bank National Association

Purchase Details

Listed on
Apr 4, 2019
Closed on
Jul 9, 2019
Sold by
Mcentyre Laura and Mcentyre Edward
Bought by
Shere Eric and Shere Crystal
Seller's Agent
Andrea Zupancich
z' Up North Realty
Buyer's Agent
Andrea Zupancich
z' Up North Realty
List Price
$190,000
Sold Price
$166,657
Premium/Discount to List
-$23,343
-12.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.65%
Original Mortgage
$163,638
Interest Rate
4.12%
Mortgage Type
FHA
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
Smith Dennis $330,030 Northeast Title
Us Bank National Association $126,000 --
Shere Eric $166,658 Northeast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Dennis $339,857
Previous Owner Shere Eric $163,638
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/27/2024 09/27/24 Sold $329,000 0.0% $177 / Sq Ft
07/16/2024 07/16/24 Price Changed $329,000 -5.7% $177 / Sq Ft
06/23/2024 06/23/24 For Sale $349,000 +109.4% $187 / Sq Ft
07/18/2019 07/18/19 Sold $166,657 -1.4% $90 / Sq Ft View Prior Sale
04/05/2019 04/05/19 Pending -- -- --
04/05/2019 04/05/19 Price Changed $169,000 -11.1% $91 / Sq Ft
04/04/2019 04/04/19 For Sale $190,000 -- $102 / 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
2024 $2,372 $242,000 $60,600 $181,400
2023 $2,372 $226,800 $55,200 $171,600
2022 $2,204 $199,500 $50,300 $149,200
2021 $2,126 $172,800 $42,900 $129,900
2020 $1,932 $165,300 $42,900 $122,400
2019 $1,224 $165,300 $42,900 $122,400
2018 $1,252 $155,400 $46,600 $108,800
2017 $1,122 $155,400 $46,600 $108,800
2016 $1,096 $143,200 $44,800 $98,400
2015 $1,101 $118,800 $37,200 $81,600
2014 $1,101 $118,800 $37,200 $81,600
Source: Public Records

Agents Affiliated with this Home

  • Andrea Zupancich

    Seller's Agent in 2024

    Andrea Zupancich

    Z' Up North Realty

    (218) 749-0159

    446 Total Sales

    Andrea Zupancich
    Section Image
  • Lori Melbostad

    Buyer's Agent in 2024

    Lori Melbostad

    Kris Lindahl Real Estate

    (651) 214-0826

    68 Total Sales

    Lori Melbostad
    Section Image
See All Agents

Map

Source: Lake Superior Area REALTORS®

MLS Number: 6114402

APN: 465001004660

Minnesota St Louis County Ely 55731

1111 Highway 21 N, Ely, MN

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.

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.

IDX listing data provided by Multiple Listing Service, Inc. Information is supplied by seller and other third parties and has not been verified.

Copyright 2025 – Multiple Listing Service, Inc. – All Rights Reserved.

Nearby Homes