NOT LISTED FOR SALE

1422 Insel Haus Island-Eagles Nest Lake #1 Ely, MN 55731

Estimated Value: $256,000 - $476,000

2 Beds
1 Bath
898 Sq Ft
$429/Sq Ft Est. Value

Last Sold October 16, 2020

Last sale price $275,000 $306 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $2,313/month

63 Days on Market

Highlights

  • Deck
  • Screened Patio
  • Wood Burning Fireplace
  • Porch

About This Home

As of October 2020

If privacy is important to you, imagine owning your own island, with a rustic but comfortable cabin, and on a lake with great fishing and swimming. This private island is located on Eagles Nest Lake #1, one of the most pristine lakes in NE Minnesota. The DNR measures the average clarity in the lake at 19 feet! The 2.4 acre island features mature pines and stunning rock outcroppings. The 2 bedroom cabin, built in 2001, offers 360 degree views of this beautiful and varied north woods setting. Additional cabin features include half-log siding, T&G interior walls, beautiful Douglas Fir flooring, screen porch and large deck. The refrigerator and stove are fueled by propane and the property includes a gas powered generator for electricity. The cabin is being sold mostly furnished, with the exception of a few personal items. Enjoy easy access from the public boat ramp on Eagles Nest Lake #2 just minutes away.

Last Agent to Sell the Property

Timothy Lillquist

Edina Realty, Inc. License #40328903 Listed on: 07/02/2020

Edina Realty, Inc.

Last Buyer's Agent

Member Non

NON-MEMBER

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,900

Year Built

  • Built in 2001

Lot Details

  • 2.4 Acre Lot
  • Irregular Lot
  • Property is zoned SMU-7

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 898 Sq Ft Home
  • 1.5-Story Property
  • Wood Burning Fireplace
  • Free Standing Fireplace
  • Gas Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Outdoor Features

  • Deck
  • Screened Patio
  • Porch

Utilities

  • Heating System Uses Wood

Listing and Financial Details

  • Assessor Parcel Number 317-0010-04460

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,900

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Class: Residential
  • Construction: Wood Frame
  • Heat: Wood
  • Irregular Lot Size: Yes
  • Lvt Date: 07/02/2020
  • Main Level Bathrooms: 1
  • Number Of Bedrooms: 2
  • Parcel Code Number: 317-0010-04460
  • Patioporch: Deck, Porch, Screened
  • Real Estate Tax: 2900
  • Style: 1 1/2 Story, Seasonal
  • Type: Residential
  • Upper Level Bedrooms: 1
  • Year Built: 2001
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Total Finished Sq Ft: 898
  • Bedroom 1: Size: 11x10, On Level: Main
  • Total Bathrooms: 1
  • Appliances: Refrigerator, Gas Range
  • Bedroom 2: Size: 14x7, On Level: Upper
  • Dining Room: Size: comb w/LR, On Level: Main
  • Fireplace: 1 Fireplace, Free Standing, Wood Burning
  • Kitchen: Size: 10x10, On Level: Main
  • Living Room: Size: 19x12, On Level: Main
  • Main Level Bedrooms: 1
  • Other Room 2: Scrn Porch, Size: 19x12, On Level: Main

Exterior Features

  • Exterior: Wood
  • Roof: Asphalt, Shingle

Lot Info

  • Lot Size: Dimensions: 330x330
  • Number Of Acres: 2.4
  • Zoning: SMU-7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2020
Closed on
Oct 14, 2020
Sold by
Vonbrauchitsch Frederick Karl and Von Brauchitsch Geraldine
Bought by
Johnson Adam K
Seller's Agent
Timothy Lillquist
Edina Realty, Inc.
Buyer's Agent
Member Non
NON-MEMBER
List Price
$275,000
Sold Price
$275,000
Current Estimated Value
$385,141

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$110,141
Avg. Annual Appreciation
6.90%
Original Mortgage
$220,000
Outstanding Balance
$194,873
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$190,268

Purchase Details

Listed on
Jul 2, 2020
Closed on
Oct 2, 2020
Sold by
Granne Mary Ann and Von Brauchitsch Mary
Bought by
Vonbrauchitsch Geraldine Hayes and Von Brauchitsch Frederick
Seller's Agent
Timothy Lillquist
Edina Realty, Inc.
Buyer's Agent
Member Non
NON-MEMBER
List Price
$275,000
Sold Price
$275,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Outstanding Balance
$194,873
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$190,268
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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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
Johnson Adam K $275,000 All American Title
Vonbrauchitsch Geraldine Hayes -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson Adam K $220,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/16/2020 10/16/20 Sold $275,000 +4.8% $306 / Sq Ft
09/03/2020 09/03/20 Pending -- -- --
08/11/2020 08/11/20 Price Changed $262,500 -4.5% $292 / Sq Ft
07/02/2020 07/02/20 For Sale $275,000 -- $306 / 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 $3,442 $366,300 $264,600 $101,700
2023 $3,442 $278,700 $203,300 $75,400
2022 $3,124 $275,100 $203,300 $71,800
2021 $3,046 $254,800 $203,300 $51,500
2020 $2,970 $254,800 $203,300 $51,500
2019 $2,686 $244,600 $195,100 $49,500
2018 $2,768 $222,900 $178,000 $44,900
2017 $2,418 $222,900 $178,000 $44,900
2016 $2,624 $198,200 $159,100 $39,100
2015 $1,321 $104,200 $72,200 $32,000
2014 $1,321 $110,700 $76,700 $34,000
Source: Public Records

Agents Affiliated with this Home

  • Timothy Lillquist

    Seller's Agent in 2020

    Timothy Lillquist

    Edina Realty, Inc.

    (612) 834-5769

    36 Total Sales

    Timothy Lillquist
    Section Image

  • M

    Buyer's Agent in 2020

    Member Non

    NON-MEMBER

See All Agents

Map

Source: Range Association of REALTORS®

MLS Number: 139768

Range Association of REALTORS®

APN: 317001004460

Minnesota St Louis County Ely 55731

1422 Insel Haus Island-Eagles Nest Lake #1, Ely, MN

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