NOT LISTED FOR SALE

1342 Hidden Valley Rd Ely, MN 55731

8 Beds
4 Baths
4,104 Sq Ft
2 Acres

Last Sold September 02, 2022

Last sale price $390,000 $95 Per Sq Ft

47 Days on Market

Highlights

  • Panoramic View
  • Deck
  • Lower Floor Utility Room
  • Memorial High School Rated 9+
  • No HOA
  • 4 Car Detached Garage

About This Home

As of September 2022

The ultimate investment retreat giving you 4 apartments nestled in the pines and out your the back door enjoy acres and acres of recreational trails for hiking, skiing, biking and our north woods. This property has been well cared for and maintained. Choose to live on sight with your rental income supporting your lifestyle. The property is landscaped with pine, maples and fresh air. This retreat is located on the outskirts of Ely and convenient to all Ely has to offer. Garage space for all 4 units, insulated work shop area and another out building for storage. Solid rental history with long term tenants. Each unit has 2 bedrooms, 1 bath and full kitchen. Present the owners unit has a deluxe great room with log accent, wood burning fireplace, beautiful kitchen and laundry.

Last Agent to Sell the Property

Lori Schulze

Keller Williams Classic Realty NW - Ely Listed on: 06/16/2022

Keller Williams Classic Realty NW - Ely

Last Buyer's Agent

Lori Schulze

Keller Williams Classic Realty NW - Ely Listed on: 06/16/2022

Keller Williams Classic Realty NW - Ely

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,404

Year Built

  • Built in 1972

Lot Details

  • 2 Acre Lot
  • Lot Dimensions are 416'x208'
  • Property fronts a private road
  • Elevated Lot
  • Many Trees

Parking

  • 4 Car Detached Garage

Home Design

  • Quadruplex
  • Concrete Foundation
  • Wood Frame Construction
  • Metal Roof
  • Wood Siding
  • Vinyl Siding
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2-Story Property
  • Lower Floor Utility Room
  • Washer and Dryer Hookup
  • Panoramic Views

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Fireplace in Basement
  • Apartment Living Space in Basement
  • Finished Basement Bathroom
  • Basement Storage
  • Basement Window Egress

Outdoor Features

  • Deck

Utilities

  • Baseboard Heating
  • Boiler Heating System
  • Heating System Uses Propane
  • Drilled Well
  • Private Sewer

Community Details

  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • Tenant pays for electric
  • Assessor Parcel Number 465-0020-05055

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,404

Year Built

Built in 1972

Lot Details

0

Parking

4

Listing Details

  • Class: MULTI-FAMILY
  • Directions: Follow Hwy 169 East out of Ely to Hidden Valley Road take a right and follow to Fire #1342
  • L O1 Office Phone1 Number: 763-463-7500
  • Taxes With Assessments: 2644
  • Tax Year: 2022
  • Twp Number: 63
  • View Type:Pond View: Panoramic
  • Lot Description Waterfront: No
  • Amenities Exterior: Deck
  • CondoPropertyType: Up & Down
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1200
  • Below Grade Finished Sq Ft: 2904
  • F I R E P L A C E2: Yes
  • Garage Type: Detached
  • Heat: Baseboard, Boiler, Propane
  • Parking Number Garage Spaces: 4
  • Reso Roof: Metal
  • TotalBedrooms: 8
  • MediaType: Fourplex
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Features: Egress Windows, Finished, Walkout, Single Tenant Access, Owner Access, Storage, Apartment, Bath, Fireplace, Kitchen, Utility Room, Washer Hook-Ups, Dryer Hook-Ups
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Stories: 2 Story
  • Total Bathrooms: 4
  • Total Fin Square Footage: 4104

Exterior Features

  • Road Frontage: Private
  • Construction Status: Previously Owned
  • Exterior: Concrete Block, Vinyl, Wood

Garage/Parking

  • Garage Features: Electrical Service

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 416'x208'
  • Estimated Number of Acres: 2
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Tree Coverage - Heavy, High
  • Parcel Number: 465-0020-05055

Rental Info

  • Tenant Expense: Electric

Tax Info

  • Tax Amount: 2404

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property History

Date Event Price List to Sale Price per Sq Ft
09/02/2022 09/02/22 Sold $390,000 -9.3% $95 / Sq Ft
08/02/2022 08/02/22 Pending -- -- --
06/16/2022 06/16/22 For Sale $430,000 -- $105 / 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 $5,022 $407,300 $52,900 $354,400
2023 $5,022 $316,100 $35,700 $280,400
2022 $2,644 $243,700 $32,800 $210,900
2021 $2,676 $212,100 $28,500 $183,600
2020 $2,432 $201,500 $28,500 $173,000
2019 $1,876 $201,500 $28,500 $173,000
2018 $1,860 $186,700 $26,700 $160,000
2017 $1,694 $186,700 $26,700 $160,000
2016 $1,662 $170,600 $25,900 $144,700
2015 $1,668 $159,600 $24,200 $135,400
2014 $1,668 $159,600 $24,200 $135,400
Source: Public Records

Agents Affiliated with this Home

  • Lori Schulze

    Seller's Agent in 2022

    Lori Schulze

    Keller Williams Classic Realty NW - Ely

    (218) 343-1787

    125 Total Sales

    Lori Schulze
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6103575

Minnesota St Louis County Ely 55731

1342 Hidden Valley Rd, Ely, MN

Not Listed for Sale

MultiFamily

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