3
Beds
2
Baths
1,862
Sq Ft
5.98
Acres
Highlights
- Private Waterfront
- Panoramic View
- Recreation Room
- Newly Remodeled
- Heated Floors
- Traditional Architecture
About This Home
As of September 2024Ely 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.
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
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,328
Avg. Annual Appreciation
-3.77%
Original Mortgage
$339,857
Outstanding Balance
$337,333
Interest Rate
6.46%
Mortgage Type
VA
Estimated Equity
-$18,915
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
11.29%
Original Mortgage
$163,638
Interest Rate
4.12%
Mortgage Type
FHA
Similar Homes in Ely, MN
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $330,030 | Northeast Title | |
| Sheriffs Deed | $126,000 | -- | |
| Warranty Deed | $166,658 | Northeast Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $339,857 | VA | |
| Previous Owner | $163,638 | FHA |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 |
| 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
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 | $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
-
Seller's Agent in 2024
Andrea Zupancich
Z' Up North Realty
(218) 749-0159
468 Total Sales
-
Buyer's Agent in 2024
Lori Melbostad
Kris Lindahl Real Estate
(651) 214-0826
70 Total Sales
Map
Source: Lake Superior Area REALTORS®
MLS Number: 6114402
APN: 465001004660
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