NOT LISTED FOR SALE

12963 W Ridge Rd Ely, MN 55731

Estimated Value: $253,000 - $456,000

2 Beds
1 Bath
960 Sq Ft
$349/Sq Ft Est. Value

Last Sold September 30, 2021

Last sale price $240,000 $250 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $2,104/month

166 Days on Market

Highlights

  • 2 Car Detached Garage
  • Heating Available
  • Gas Log Fireplace

About This Home

As of September 2021

This remarkable and well maintained all seasonal home near Ely and White Iron Lake chain sits on approximate 4 acres. Built in 2005 this 1.5 story half log home offers the comfort and solitude that you are looking for. The two car detached garage with half log siding to match the home offers you ample room for extra storage. The walls and ceilings in the home are covered in beautiful basswood. Tiled floors with in-floor heating will be waiting for you in the bathroom. Spacious eat-in kitchen has room to set up a small living room/sitting room to enjoy the warmth of the gas fireplace. With a very large bedroom on the main level with a lighted walk-in closet this room could also be used as the main living room. The large upstairs loft includes three skylights, and a large lighted walk-in closet. Enjoy the end of your day with an evening camp fire. A 60 day closing is required.

Last Agent to Sell the Property

Julian Rasmusson

z' Up North Realty License #40637100 Listed on: 09/09/2020

Co-Listed By

Jan Erchul

Ely Realty License #593436

Last Buyer's Agent

Julian Rasmusson

z' Up North Realty License #40637100 Listed on: 09/09/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,585

Year Built

  • Built in 2005

Lot Details

  • 4 Acre Lot
  • Irregular Lot

Home Design

  • Wood Frame Construction
  • Asphalt Roof

Interior Spaces

  • 960 Sq Ft Home
  • 1.5-Story Property
  • Gas Log Fireplace

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Washer
  • Gas Dryer

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Utilities

  • Heating Available
  • Well
  • Gas Water Heater
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 28-6226-01010

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,585

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Class: Residential
  • Construction: Wood Frame
  • Heat: Electric
  • Irregular Lot Size: Yes
  • Lvt Date: 09/09/2020
  • Main Level Bathrooms: 1
  • Number Of Bedrooms: 2
  • Parcel Code Number: 28-6226-01010
  • Real Estate Tax: 1585.26
  • Style: 1 1/2 Story
  • Type: Residential
  • Upper Level Bedrooms: 1
  • Year Built: 2005
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Total Finished Sq Ft: 960
  • Bedroom 1: Size: 13 X 22.5, On Level: Main
  • Total Bathrooms: 1
  • Appliances: Dishwasher, Garage Opener, Microwave, Refrigerator, Washer, Gas Dryer, Gas Range
  • Bedroom 2: Size: 15.5 X 22., On Level: Upper
  • Fireplace: 1 Fireplace, Gas Log
  • Kitchen: Size: 12 X 23, On Level: Main
  • Living Room: Size: 13 X 22.5, On Level: Main
  • Main Level Bedrooms: 1

Exterior Features

  • Exterior: Wood
  • Roof: Asphalt

Garage/Parking

  • Garage: 2 Stalls, Detached
  • Garage Capacity: 2
  • Garage Size: 24 X 24

Utilities

  • Utilities: Septic, Well
  • Water Heater: Gas

Lot Info

  • Lot Size: Dimensions: 349x664
  • Number Of Acres: 4
  • Zoning: Res

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2020
Closed on
Sep 30, 2021
Sold by
Riser Edith E
Bought by
Demko Eugene B and Rasmusson Julian R
Seller's Agent
Julian Rasmusson
z' Up North Realty
Buyer's Agent
Julian Rasmusson
z' Up North Realty
List Price
$239,900
Sold Price
$240,000
Premium/Discount to List
$100
0.04%
Current Estimated Value
$388,315

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$148,315
Avg. Annual Appreciation
8.08%
Original Mortgage
$140,000
Outstanding Balance
$127,667
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$207,782

Purchase Details

Closed on
Sep 10, 2004
Sold by
Roderick Gary and Roderick Maggie
Bought by
Mersereau Charles G and Mersereau Edith E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,500
Interest Rate
5.83%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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

Purchase History

Date Buyer Sale Price Title Company
Demko Eugene B $240,000 None Available
Mersereau Charles G $115,000 Consolidated Title And Abstr
Demko Eugene Eugene $240,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Demko Eugene B $140,000
Previous Owner Mersereau Charles G $103,500
Closed Demko Eugene Eugene $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2021 09/30/21 Sold $240,000 0.0% $250 / Sq Ft
02/22/2021 02/22/21 Pending -- -- --
09/09/2020 09/09/20 For Sale $239,900 -- $250 / Sq Ft
Source: Range Association of 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
2025 $1,114 $290,300 $65,100 $225,200
2024 $759 $259,900 $61,200 $198,700
2023 $869 $250,400 $61,200 $189,200
2022 $944 $252,500 $61,200 $191,300
2021 $1,444 $162,800 $54,500 $108,300
2020 $1,585 $71,700 $53,000 $18,700
2019 $1,604 $75,600 $56,900 $18,700
2018 $1,630 $162,000 $56,900 $105,100
2017 $1,554 $163,100 $56,900 $106,200
2016 $1,554 $158,800 $63,000 $95,800
2015 $1,460 $159,400 $63,600 $95,800
2014 $1,460 $0 $0 $0
2013 -- $0 $0 $0
2012 $1,208 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Julian Rasmusson

    Seller's Agent in 2021

    Julian Rasmusson

    z' Up North Realty

    (651) 270-8911

    99 Total Sales

    Julian Rasmusson
    Section Image
  • Jan Erchul

    Seller Co-Listing Agent in 2021

    Jan Erchul

    Ely Realty

    (218) 349-0515

    52 Total Sales

    Jan Erchul
    Section Image
See All Agents

Map

Source: Range Association of REALTORS®

MLS Number: 140225

Range Association of REALTORS®

APN: 28-6226-01010

Minnesota Lake County Ely 55731

12963 W Ridge Rd, Ely, MN

Not Listed for Sale

Detached

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.

Range Association of REALTORS® 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. Information is deemed reliable but not guaranteed.

Nearby Homes