NOT LISTED FOR SALE

1468 Highway 120 Ely, MN 55731

Estimated Value: $189,328 - $240,000

2 Beds
2 Baths
2,016 Sq Ft
$101/Sq Ft Est. Value

Last Sold September 27, 2024

Last sale price $190,000 $94 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $1,228/month

9 Days on Market

Highlights

  • 29.38 Acre Lot
  • Pole Barn
  • Baseboard Heating
  • Traditional Architecture
  • No HOA

About This Home

As of September 2024

Check out this rare property on almost 30 acres that backs up to over 1000 acres of public land! This 2 bedroom 1 bath farm house is full of charm and character from the original hardwood floors to the cute eat in kitchen. Some updates include vinyl windows, metal roof, and vinyl siding. There are multiple outbuildings and a chicken coop, a big field that at one time was a fantastic garden, and a pole building with it's own 100amp electrical service as well! This property has so much potential and is just waiting for it's new owner to revive it!

Last Listed By

Joseph Tome

Grand Properties Listed on: 07/22/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,918

Year Built

  • Built in 1910

Lot Details

  • 29.38 Acre Lot
  • Lot Dimensions are 696x1297x696x1294

Parking

  • No Garage

Home Design

  • Traditional Architecture
  • Poured Concrete
  • Wood Frame Construction
  • Vinyl Siding

Interior Spaces

  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 2 Bedrooms

Outdoor Features

  • Pole Barn

Utilities

  • Baseboard Heating
  • Private Water Source
  • Private Sewer

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 465-0010-05040

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,918

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Ely, head South on Hwy 1 to Hwy 120 to Property.
  • L O1 Office Phone1 Number: 218-326-4477
  • List Price/ Sq Ft: 94.25
  • Property Sub-Type: SF/Detached
  • Tax Year: 2024
  • Lot Description Waterfront: No
  • Half Bathrooms: 1
  • Total One Quarter Bathrooms: 1
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1344
  • Below Grade Finished Sq Ft: 672
  • Garage Type: None
  • Heat: Baseboard, Electric
  • MainFloorBath: No
  • TotalBedrooms: 2
  • Year Built: 1910
  • Property Style: Traditional
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Material: Poured Concrete
  • Basement Style: Full
  • Bathroom Description: 1/2 Upper
  • Fireplace: No
  • Bedroom Features:Main Floor Bedroom: No
  • Stories: 1.25 - 1.75 Story
  • Total Bathrooms: 1
  • Total Fin Square Footage: 2016

Exterior Features

  • Out Buildings: Pole Building
  • Construction Status: Previously Owned
  • Exterior: Vinyl

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Ely #696
  • Junior High Dist: Ely #696

Lot Info

  • Geo Update Timestamp: 2024-07-22
  • Estimated Lot Dimensions: 696x1297x696x1294
  • Estimated Number of Acres: 29.38
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 465-0010-05040

Tax Info

  • Tax Amount: 1918

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2024
Closed on
Sep 20, 2024
Sold by
Word Of God Fellowship Inc
Bought by
Oberg Jonathan
Seller's Agent
Joseph Tome
Grand Properties
Buyer's Agent
Zachary Hway
Bear Island Realty LLC
List Price
$180,000
Sold Price
$190,000
Premium/Discount to List
$10,000
5.56%
Total Days on Market
9
Views
48
Current Estimated Value
$202,832

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,832
Avg. Annual Appreciation
8.14%

Purchase Details

Closed on
Jun 21, 2024
Sold by
Declaration Of Trust Of Lillian L Forcie and Lillian L Forcier 1999 Living Trust
Bought by
Daystar Televison Network and Word Of God Fellowship Inc

Purchase Details

Closed on
Aug 24, 2005
Sold by
Forcier Lillian and Forcier Lillian L
Bought by
Forcier Lillian L and Declaration Of Trust Of Lillia

Purchase Details

Closed on
Sep 18, 2003
Sold by
Korpi Eila L
Bought by
Forcier Lillian

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
Oberg Jonathan $190,000 Northeast Title
Daystar Televison Network $500 None Listed On Document
Forcier Lillian L -- None Available
Forcier Lillian $20,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Oberg Jonathan $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2024 09/27/24 Sold $190,000 +5.6% $94 / Sq Ft
07/31/2024 07/31/24 Pending -- -- --
07/22/2024 07/22/24 For Sale $180,000 -- $89 / 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
2023 $1,824 $206,400 $83,300 $123,100
2022 $1,918 $182,100 $75,100 $107,000
2021 $1,766 $156,200 $63,000 $93,200
2020 $1,662 $150,800 $63,000 $87,800
2019 $1,464 $150,800 $63,000 $87,800
2018 $1,456 $136,700 $73,400 $63,300
2017 $1,368 $136,700 $73,400 $63,300
2016 $1,326 $127,700 $70,400 $57,300
2015 $1,339 $127,700 $70,400 $57,300
2014 $1,339 $127,700 $70,400 $57,300
Source: Public Records

Agents Affiliated with this Home

  • Joseph Tome

    Seller's Agent in 2024

    Joseph Tome

    Grand Properties

    (218) 228-3064

    135 Total Sales

    Joseph Tome
    Section Image

  • Z

    Buyer's Agent in 2024

    Zachary Hway

    Bear Island Realty LLC

    (651) 341-0383

    52 Total Sales

    Zachary Hway
    Section Image
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6115041

APN: 465001005040

Minnesota St Louis County Ely 55731

1468 Highway 120, Ely, MN

Homes for Sale in Ely, MN

This home is located at 1468 Highway 120, Ely, MN 55731 since 22 July 2024 and is currently estimated at $202,832, approximately $100 per square foot. This property was built in 1910. 1468 Highway 120 is a home located in St. Louis County with nearby schools including Washington Elementary School and Memorial 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.

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