NOT LISTED FOR SALE

1449 Co-Op Point Rd Ely, MN 55731

Estimated Value: $185,000 - $413,000

1 Bed
1 Bath
808 Sq Ft
$372/Sq Ft Est. Value

Last Sold October 28, 2016

Last sale price $105,000 $130 Per Sq Ft

Est. 186% increase in value since last sale

Current estimated payment $1,706/month

88 Days on Market

Highlights

  • 130 Feet of Waterfront
  • Sauna
  • Living Room
  • Docks
  • Lake View
  • 1-Story Property

About This Home

As of October 2016

CABIN FEVER! If you are looking for a simple cabin with low maintenance this is it. The cabin is just a few feet from this crystal clear lake just on the waters edge with a Vermont casting free standing wood fireplace and windows on 3 sides over looking the lake. The cabin has a propane refrigerator, lights and heat. Located on Eagles Nest One this cabin is pure enjoyment with a wood fired sauna building close to the dock to jump into the lake and perfect place for a camp fire and take in the lakes beauty and serenity at its best. There is plenty of storage space under the cabin for your canoe and supplies.

Last Agent to Sell the Property

Lori Schulze

Keller Williams Classic Realty NW - Ely Listed on: 06/13/2016

Keller Williams Classic Realty NW - Ely

Last Buyer's Agent

Wendy Johnson

Keller Williams Classic Realty NW - Ely

Keller Williams Classic Realty NW - Ely

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $786

Year Built

  • Built in 1930

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 96 x 100 x 120 x 35
  • 130 Feet of Waterfront
  • Lake Front
  • Street terminates at a dead end
  • Lot Has A Rolling Slope

Parking

  • No Garage

Home Design

  • Cabin
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Composition Shingle

Interior Spaces

  • 1 Bedroom
  • 1-Story Property
  • Free Standing Fireplace
  • Living Room
  • Sauna
  • Lake Views

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Stone Basement

Outdoor Features

  • Docks
  • Outhouse

Utilities

  • Space Heater
  • Heating System Uses Wood
  • Heating System Uses Propane
  • Water Not Available
  • Not Connected to Sewer

Listing and Financial Details

  • Assessor Parcel Number 317-0050-00160

Home Details

Home Type

Single Family

Est. Annual Taxes

$786

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: Follow from either Ely or Tower to Bear Head State Park Road. Follow to Co-op Point Road on your right and then to sign on property.
  • L O1 Office Phone1 Number: 218-365-3665
  • Property Sub-Type: SF/Detached
  • Tax Year: 2016
  • View Type:Pond View: Lake Superior
  • Lot Description Waterfront: Yes
  • Amenities Exterior: Dock
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 468
  • Below Grade Finished Sq Ft: 340
  • Garage Type: None
  • Heat: Space/Wall Heater, Wood, Propane
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Kitchen
  • TotalBedrooms: 1
  • Year Built: 1930
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • Property Style: Rustic Cabin
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Features: Unfinished
  • Basement Material: Stone
  • Basement Style: Full
  • Fireplace: Yes
  • Den Fireplace Type: Free Standing
  • Bathroom 1: Living Room
  • Stories: 1 Story
  • Total Fin Square Footage: 808

Exterior Features

  • Out Buildings: Sauna
  • Road Frontage: Dead End/No Outlet
  • Water Frontage In Feet: 130
  • Waterfront Name: Eagles Nest 1
  • Construction Status: Previously Owned
  • Exterior: Composition

Utilities

  • Power Company: Lake Country Power
  • Sewer: None, Outhouse
  • Water: None

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 96 x 100 x 120 x 35
  • Estimated Number of Acres: 0.34
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Accessible Shoreline, Rolling
  • Parcel Number: 317-0050-00160
  • Waterfront Type: Inland Lake

Tax Info

  • Tax Amount: 786

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 18, 2021
Sold by
Kringstad Orlyn A and Kringstad Marit A
Bought by
Kringstad Orlyn A and Kringstad Marit A
Current Estimated Value
$300,209

Purchase Details

Listed on
Jun 13, 2016
Closed on
Oct 25, 2016
Sold by
Lein Alien C
Bought by
Kringstad Orlyn A and Kringstad Marit A
Seller's Agent
Lori Schulze
Keller Williams Classic Realty NW - Ely
Buyer's Agent
Wendy Johnson
Keller Williams Classic Realty NW - Ely
List Price
$105,000
Sold Price
$105,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.38%
Original Mortgage
$84,000
Outstanding Balance
$39,402
Interest Rate
3.48%
Mortgage Type
Commercial
Estimated Equity
$260,807
Source: Public Records

Range of Values:

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Average Value
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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
Kringstad Orlyn A -- None Available
Kringstad Orlyn A $105,000 Northeast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kringstad Orlyn A $84,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2016 10/28/16 Sold $105,000 0.0% $130 / Sq Ft
09/09/2016 09/09/16 Pending -- -- --
06/13/2016 06/13/16 For Sale $105,000 -- $130 / 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 $1,528 $166,800 $127,200 $39,600
2023 $1,528 $126,900 $97,600 $29,300
2022 $1,388 $125,500 $97,600 $27,900
2021 $1,348 $117,600 $97,600 $20,000
2020 $1,412 $117,600 $97,600 $20,000
2019 $1,266 $120,400 $97,600 $22,800
2018 $842 $109,700 $89,000 $20,700
2017 $776 $72,500 $54,200 $18,300
2016 $806 $64,300 $48,400 $15,900
2015 $795 $64,500 $41,100 $23,400
2014 $795 $68,400 $43,600 $24,800
Source: Public Records

Agents Affiliated with this Home

  • Lori Schulze

    Seller's Agent in 2016

    Lori Schulze

    Keller Williams Classic Realty NW - Ely

    (218) 343-1787

    121 Total Sales

    Lori Schulze
    Section Image
  • Wendy Johnson

    Buyer's Agent in 2016

    Wendy Johnson

    Keller Williams Classic Realty NW - Ely

    (218) 349-7731

    61 Total Sales

    Wendy Johnson
    Section Image
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6023179

APN: 317005000160

Minnesota St Louis County Ely 55731

1449 Co-Op Point Rd, Ely, MN

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