NOT LISTED FOR SALE

1111 N Highway 21 Ely, MN 55731

Estimated Value: $325,712 - $358,000

3 Beds
2 Baths
1,862 Sq Ft
$186/Sq Ft Est. Value

Last Sold September 27, 2024

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

Est. 6% increase in value since last sale

Current estimated payment $2,005/month

36 Days on Market

Highlights

  • Radiant Floor
  • Bonus Room
  • Porch
  • Memorial High School Rated 9+
  • No HOA
  • Living Room

About This Home

As of September 2024

Ely Bear Island River Country 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 detached 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, Inc. Listed on: 06/25/2024

Last Buyer's Agent

Lori Melbostad

Real Broker, LLC

Real Broker, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,119

Year Built

  • Built in 1954

Lot Details

  • 5.98 Acre Lot
  • Lot Dimensions are 400.00 x 600.00

Parking

  • 4 Car Garage

Home Design

  • Wood Siding

Interior Spaces

  • 1,862 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Living Room
  • Dining Room
  • Bonus Room
  • Radiant Floor
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Porch

Utilities

  • No Cooling
  • 200+ Amp Service
  • Propane
  • Well
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Morse Town Of Subdivision

Listing and Financial Details

  • Assessor Parcel Number 465001004660

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,119

Year Built

Built in 1954

Lot Details

0

Parking

4

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: None
  • Garage Spaces: 4
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: Well
  • Year Built: 1954
  • Above Grade Finished Sq Ft: 1862
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: None
  • Appliances: Dishwasher, Electric Water Heater, Refrigerator
  • Fireplace Features: Wood Burning
  • Living Area: 1862
  • Fireplace: Yes
  • Basement YN: No
  • Dining Room Type: Living Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Bonus Room, Three Season Porch

Beds/Baths

  • Full Bathrooms: 2
  • Total Bedrooms: 3

Exterior Features

  • Roof: Asphalt
  • ConstructionMaterialsDesc: Frame
  • PatioPorchType: Covered,Enclosed,Porch,Screened

Garage/Parking

  • Parking Features: Detached

Utilities

  • Heating: Radiant Floor
  • Sewer: Private Sewer
  • Electric: 200+ Amp Service
  • Fuel: Propane
  • Power Company: Lake Country Power

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Ely
  • SchoolDistrictPhone: 218-365-6166

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 400.00 x 600.00
  • Lot Size Sq Ft: 260488.8
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: Yes
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Wood Siding

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 465001004660
  • Tax Annual Amount: 2119
  • TaxWithAssessments: 2204.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 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, Inc.
Buyer's Agent
Lori Melbostad
Real Broker, LLC
List Price
$349,000
Sold Price
$329,000
Premium/Discount to List
-$20,000
-5.73%
Views
35
Current Estimated Value
$347,178

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,178
Avg. Annual Appreciation
4.13%
Original Mortgage
$339,857
Outstanding Balance
$335,033
Interest Rate
6.46%
Mortgage Type
VA
Estimated Equity
$12,145

Purchase Details

Closed on
May 22, 2023
Sold by
Shere Eric Michael
Bought by
Ely Investors Inc

Purchase Details

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

Purchase Details

Closed on
Jul 9, 2019
Sold by
Mcentyre Laura and Mcentyre Edward
Bought by
Shere Eric and Shere Crystal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,638
Interest Rate
4.12%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Smith Dennis $330,030 Northeast Title
Ely Investors Inc $500 Gibraltar 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
09/27/2024 09/27/24 Sold $329,000 0.0% $177 / Sq Ft
07/31/2024 07/31/24 Pending -- -- --
07/16/2024 07/16/24 Price Changed $329,000 -5.7% $177 / Sq Ft
06/25/2024 06/25/24 For Sale $349,000 -- $187 / Sq Ft
Source: NorthstarMLS

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 $2,086 $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

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Map

Source: NorthstarMLS

MLS Number: 6559490

NorthstarMLS

APN: 465001004660