NOT LISTED FOR SALE

12963 W Ridge Rd Ely, MN 55731

Estimated Value: $278,753 - $368,000

2 Beds
1 Bath
960 Sq Ft
$333/Sq Ft Est. Value

Last Sold September 30, 2021

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

Est. 33% increase in value since last sale

Current estimated payment $1,851/month

166 Days on Market

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 Listed By

Julian Rasmusson

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$759

Year Built

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
  • Total Above Grade Sq Ft: 960
  • 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
  • Main Level Sq Ft: 607
  • Upper Level Sq Ft: 353

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%
Total Days on Market
166
Current Estimated Value
$319,438

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,438
Avg. Annual Appreciation
7.93%
Original Mortgage
$140,000
Outstanding Balance
$129,044
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$188,266

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

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

Similar Homes in Ely, MN

  • xxxxx White Iron Lake, Ely, MN 55731

    $349,000

    • 3 Beds
    • 1,072 Sq Ft
    • xxxxx White Iron Lake
    • Ely, MN

    Remote water access parcel on White Iron Lake. This +-110 acre parcel has a very private setting with 2 well built year round cabins. The Big Pine Cabin is 16 x 22 with a wrap around deck on 3 sides. It sits on a beautiful ledge rock outcrop and is surrounded by huge white pines. There is a sauna building. The Wolf Point Cabin is 20 x 24 and has one bedroom on the main level and a loft bedroom as

    Chris Eilrich Wildwoods Land Company

    Section Image
  • 13464 Chestnut Dr, Ely, MN 55731

    $262,500

    • 2 Beds
    • 1 Bath
    • 1,215 Sq Ft
    • 13464 Chestnut Dr
    • Ely, MN

    Beautifully updated 2-bedroom, 2-bath country home just minutes from Ely, offering the perfect blend of modern convenience in a peaceful Northwoods setting. Recent renovations include a new roof, modern kitchen, updated flooring, new appliances, and stylish lighting throughout. The living area features a propane free-standing fireplace and flows seamlessly into the dining room and updated

    Lori Schulze Keller Williams Classic Realty NW - Ely

    Section Image
  • 1340 Hidden Valley Rd, Ely, MN 55731

    $350,000

    • 3 Beds
    • 2.5 Baths
    • 2,722 Sq Ft
    • 1340 Hidden Valley Rd
    • Ely, MN

    Tucked away amidst two acres of forested land lies a property like no other—a sanctuary for nature enthusiasts and privacy seekers alike. Enjoy 3,024 sq ft of inviting space, thoughtfully designed to blend comfort and functionality.The 36x40 pole building and 16x24 garage provide ample storage and workspace for all your hobbies and projects. Relish the charm of hardwood floors throughout and a

    Andrea Zupancich Z'Up North Realty, Inc.

    Section Image
  • 1512 E Harvey St, Ely, MN 55731

    $279,500

    • 4 Beds
    • 2 Baths
    • 2,152 Sq Ft
    • 1512 E Harvey St
    • Ely, MN

    This charming 4-bedroom, 2-bathroom home offers a perfect blend of comfort and functionality. Fully finished basement with the 4th bedroom, bathroom and a rec room/bar area. Freshly painted kitchen and dining room, new siding, roof, soffit and facia in the last 3 years, beautiful deck off the front of the house, almost all of the windows have been replaced within the last 10 years!! Newer boiler,

    Jodi Nyman Z' Up North Realty

    Section Image
  • 480 Kawishiwi Trail, Ely, MN 55731

    $299,900

    • 3 Beds
    • 1.5 Baths
    • 1,693 Sq Ft
    • 480 Kawishiwi Trail
    • Ely, MN

    Great location with Farm Lake on one side and White Iron Lake on the other and down the Kawishiwi Trail. Beautiful landscape with towering Pines sitting on 1.4 +/- acres! This 2 bedroom home has received many upgrades over the past few years, new propane boiler with electric backup, air-conditioning, windows, patio door and beautiful 3/4 bath with walk in shower. The upstairs needs finishing

    Lori Schulze Keller Williams Classic Realty NW - Ely

    Section Image
  • 1115 E Madison St, Ely, MN 55731

    $299,000

    • 4 Beds
    • 2.5 Baths
    • 1,821 Sq Ft
    • 1115 E Madison St
    • Ely, MN

    Spacious and sunny 4 Bedroom 2.5 Bath home situated on a beautifully wooded corner lot on a quiet in-town street. The lot is comprised of 4 south and west facing city lots, there is plenty of room for all of your outdoor fun. The main level is an open concept with generously sized living room, a free standing pellet stove, new carpeting, and tiled entry floor. The updated kitchen is functional

    Trish Bulinski Bear Island Realty LLC

    Section Image
  • 11 E Ahola Rd, Ely, MN 55731

    $280,000

    • 4 Beds
    • 2.5 Baths
    • 2,367 Sq Ft
    • 11 E Ahola Rd
    • Ely, MN

    Welcome to this 4-bedroom, 3-bathroom home nestled on an oversized wooded lot (just under an acre) in the scenic town of Ely, MN. Built in 1993, this spacious 2,367 sq ft home offers a comfortable and functional layout ideal for families, or anyone seeking mostly one-level in-town living in a private setting. The main floor features a bright and sunny kitchen, living room with vaulted ceiling and

    Lori Schulze Keller Williams Classic Realty NW - Ely

    Section Image
  • 615 Kellys Lot Rd, Ely, MN 55731

    $388,000

    • 1 Bed
    • 1 Bath
    • 777 Sq Ft
    • 615 Kellys Lot Rd
    • Ely, MN

    Escape to your very own log home, nestled on the picturesque narrows of Garden Lake in Ely, MN. This charming property offers easy access to the stunning Chain of Lakes, including White Iron and Farm Lake. Imagine hopping into your boat from your brand-new dock to catch your limit of walleye—this is lakeside living at its finest. Trappers' cabin at the water's edge, perfect for an artist's

    Andrea Zupancich Z'Up North Realty, Inc.

    Section Image
  • 23 E Boundary St, Ely, MN 55731

    $269,000

    • 2 Beds
    • 2.5 Baths
    • 810 Sq Ft
    • 23 E Boundary St
    • Ely, MN

    Custom renovation on this exquisite 2 bedroom 3 bath Ely home. Open the door to your beautiful kitchen with new appliances, cabinets, counter top, back splash and open concept accented with timber framing into dining and living area. More updates with new propane furnace, on demand hot water heater, plumbing, electric and most windows. Beautiful hardwood floors throughout. Contemporary

    Lori Schulze Keller Williams Classic Realty NW - Ely

    Section Image
See All Homes in Ely

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
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 Change Sq Ft Price
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
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

    (218) 827-2288

    91 Total Sales

    Julian Rasmusson
    Section Image
  • Jan Erchul

    Seller Co-Listing Agent in 2021

    Jan Erchul

    Ely Realty

    (218) 349-0515

    60 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

Homes for Sale in Ely, MN

This home is located at 12963 W Ridge Rd, Ely, MN 55731 since 09 September 2020 and is currently estimated at $319,438, approximately $332 per square foot. This property was built in 2005. 12963 W Ridge Rd is a home located in Lake County with nearby schools including William Kelley Elementary School and William Kelley High School.

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