NOT LISTED FOR SALE

1497 Latva Rd Ely, MN 55731

Estimated Value: $333,000 - $415,000

3 Beds
2 Baths
1,150 Sq Ft
$323/Sq Ft Est. Value

Last Sold October 17, 2018

Last sale price $60,000 $52 Per Sq Ft

Est. 520% increase in value since last sale

Current estimated payment $2,165/month

85 Days on Market

Highlights

  • Panoramic View
  • Ranch Style House
  • 2 Car Detached Garage
  • Memorial High School Rated 9+
  • Wood Frame Window
  • Eat-In Kitchen

About This Home

As of October 2018

Country Home on +/- 5.3 acres, 5 miles south of Ely on a gravel township road. Quiet setting for this 3 bedroom, 2 bath home. Adjoins National Forest land on one side, City of Ely airport buffer property on another side, and 2 other country homesteads on the 4th side. Property is being sold “AS IS”. Property ran out of fuel over the winter and it froze up, so it will need a new heating system, hot water heater, and repairs to the plumbing system. Older septic system will probably need replacement as well. Dug well. Full unfinished basement. Same family built the home in 1957 and has lived here until just recently. The land around the house is lawn/grassy meadow, and the other parts of the land are heavily wooded. Older 2 stall garage with attached shed. 24’ x 16’ storage building. This property could be used as a country home as it has since it was built or used as your “up north” cabin. Needs work but priced accordingly.

Last Agent to Sell the Property

Jeff Hway

Bear Island Realty LLC Listed on: 06/25/2018

Last Buyer's Agent

Jim Burke

Keller Williams Classic Realty NW

Keller Williams Classic Realty NW

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $756

Year Built

  • Built in 1957

Lot Details

  • 5.3 Acre Lot
  • Lot Dimensions are 660 x 350
  • Level Lot
  • Landscaped with Trees

Home Design

  • Ranch Style House
  • Concrete Foundation
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 1,150 Sq Ft Home
  • Wood Frame Window
  • Living Room
  • Panoramic Views
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level

Parking

  • 2 Car Detached Garage
  • Gravel Driveway
  • Off-Street Parking

Outdoor Features

  • Storage Shed

Utilities

  • Hot Water Heating System
  • Heating System Uses Oil
  • Private Water Source
  • Dug Well
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number 465-0010-03875

Home Details

Home Type

Single Family

Est. Annual Taxes

$756

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Ely, take Hwy 1 south 4.7 miles to Esterberg Road. Turn right on Esterberg Rd. and follow for 1/2 mile to Latva Rd. Turn left on Latva Rd and follow 1/4 mile to property on the right.
  • L O1 Office Phone1 Number: 218-365-2800
  • Road Maintenance: Public
  • Property Sub-Type: SF/Detached
  • Tax Year: 2018
  • Twp Number: 62
  • View Type:Pond View: Panoramic
  • Lot Description Waterfront: No
  • Reso Association Amenities: Eat-In Kitchen, Dryer Hook-Ups, Washer Hook-Ups
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1150
  • Garage Type: Detached
  • Heat: Hot Water, Oil
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Master Bedroom
  • TotalBedrooms: 3
  • Year Built: 1957
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • RoomLevel6: Main
  • RoomLevel7: Main
  • Property Style: Ranch/Rambler
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Appliances: Range/Stove, Refrigerator
  • Basement Features: Partially Finished, Unfinished, Washer Hook-Ups
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Bathroom 1 Level: main
  • Bathroom Description: 3/4 Main Floor, Full Main Floor
  • Formal Dining: Eat-In Kitchen
  • Fireplace: No
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Kitchen
  • Main Residence Features:Family Room4: Bedroom
  • Bedroom 5: Bedroom
  • Stories: 1 Story
  • Room 6: Bathroom
  • Room 7: Bathroom
  • Total Bathrooms: 2
  • Total Fin Square Footage: 1150
  • Exercise Room Level2: Main

Exterior Features

  • Out Buildings: Storage Shed
  • Road Frontage: Township
  • Construction Status: Previously Owned
  • Exterior: Wood
  • Window Features:Insulated Windows: Wood Frame

Garage/Parking

  • Parking Driveway: Off Street, Driveway - Gravel
  • Garage Capacity: 2

Utilities

  • Power Company: Lake Country Power
  • Sewer: Private, Drain Field
  • Water: Private, Dug

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 660 x 350
  • Estimated Number of Acres: 5.3
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Tree Coverage - Medium, Level
  • Parcel Number: 465-0010-03875

Rental Info

  • Lease Terms: Cash

Tax Info

  • Tax Amount: 756

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2018
Closed on
Oct 17, 2018
Sold by
Badour Luann D and The Edwin W Latva And Helen M
Bought by
Whetstone Ministries
Seller's Agent
Jeff Hway
Bear Island Realty LLC
Buyer's Agent
Jim Burke
Keller Williams Classic Realty NW
List Price
$60,000
Sold Price
$60,000
Current Estimated Value
$371,940

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$311,940
Avg. Annual Appreciation
28.84%

Purchase Details

Closed on
Aug 5, 2013
Sold by
Latva Edwin W and Latva Helen M
Bought by
Latva Edwin W and Latva Helen M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Whetstone Ministries $60,000 None Available
Latva Edwin W -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/17/2018 10/17/18 Sold $60,000 0.0% $52 / Sq Ft
09/18/2018 09/18/18 Pending -- -- --
06/25/2018 06/25/18 For Sale $60,000 -- $52 / 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 $2,594 $265,600 $51,100 $214,500
2023 $2,594 $248,900 $44,300 $204,600
2022 $2,064 $218,100 $40,200 $177,900
2021 $1,636 $175,100 $34,100 $141,000
2020 $1,052 $128,000 $34,100 $93,900
2019 $1,362 $87,100 $34,100 $53,000
2018 $816 $118,300 $36,800 $81,500
2017 $718 $118,300 $36,800 $81,500
2016 $700 $109,200 $35,500 $73,700
2015 $404 $81,800 $26,600 $55,200
2014 $404 $81,800 $26,600 $55,200
Source: Public Records

Agents Affiliated with this Home

  • Jeff Hway

    Seller's Agent in 2018

    Jeff Hway

    Bear Island Realty LLC

    (218) 349-0906

    162 Total Sales

    Jeff Hway
    Section Image

  • J

    Buyer's Agent in 2018

    Jim Burke

    Keller Williams Classic Realty NW

    Section Image
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6076485

APN: 465001003875

Minnesota St Louis County Ely 55731

1497 Latva Rd, Ely, MN

Not Listed for Sale

Detached

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