NOT LISTED FOR SALE

1557 Highway 1 Ely, MN 55731

Estimated Value: $191,000 - $452,000

3 Beds
1 Bath
1,426 Sq Ft
$234/Sq Ft Est. Value

Last Sold November 22, 2021

Last sale price $99,000 $69 Per Sq Ft

Est. 237% increase in value since last sale

Current estimated payment $1,873/month

7 Days on Market

Highlights

  • Ranch Style House
  • 2 Car Detached Garage
  • Bathroom on Main Level
  • Memorial High School Rated 9+
  • Living Room
  • Dining Room

About This Home

As of November 2021

Spacious 3 bedroom home on over 2 acres. This solid home has a great floor plan, full basement, and tons of potential! Newer 2-car detached garage. Being sold “As-Is”. *SLLS*

Last Agent to Sell the Property

Kate Davies

Bear Island Realty LLC Listed on: 07/07/2021

Co-Listed By

Anna Yahnke

Bear Island Realty LLC

Last Buyer's Agent

Andrea Zupancich

Z' Up North Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,781

Year Built

  • Built in 1977

Lot Details

  • 2.78 Acre Lot

Parking

  • 2 Car Detached Garage

Home Design

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

Interior Spaces

  • 1,426 Sq Ft Home
  • Living Room
  • Dining Room
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level
  • 1 Full Bathroom

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Hot Water Heating System
  • Boiler Heating System
  • Heating System Uses Oil
  • Private Water Source
  • Private Sewer
  • High Speed Internet
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 465-0010-03645

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,781

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Ely take Hwy 1 South to address on the right.
  • InternetOptions: Cable, DSL, Fiber Optic, Satellite
  • L O1 Office Phone1 Number: 218-365-2800
  • List Price/ Sq Ft: 69.42
  • Property Sub-Type: SF/Detached
  • Tax Year: 2021
  • Lot Description Waterfront: No
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1426
  • Garage Type: Detached
  • Heat: Boiler, Hot Water, Oil
  • MainFloorBath: Yes
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Living Room
  • TotalBedrooms: 3
  • Year Built: 1977
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • RoomLevel6: Main
  • Property Style: Ranch/Rambler
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Features: Unfinished, Walkout, Washer Hook-Ups, Dryer Hook-Ups
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Bathroom Description: Full Main Floor
  • Fireplace: No
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Kitchen
  • Bathroom 2: Dining Room
  • Main Residence Features:Family Room4: Bedroom
  • Bedroom 5: Bedroom
  • Stories: 1 Story
  • Room 6: Bedroom
  • Total Bathrooms: 1
  • Total Fin Square Footage: 1426
  • Exercise Room Level2: Main

Exterior Features

  • Construction Status: Previously Owned
  • Exterior: Wood

Garage/Parking

  • Garage Capacity: 2

Utilities

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

Schools

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

Lot Info

  • Geo Update Timestamp: 2021-07-09
  • Estimated Lot Dimensions: 9999
  • Estimated Number of Acres: 2.78
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 465-0010-03645

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 1781

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2021
Closed on
Nov 20, 2021
Sold by
Waara Jaquelyn Donna and Waara Ryan
Bought by
Horvat Ernest and Horvat Allison
Seller's Agent
Kate Davies
Bear Island Realty LLC
Buyer's Agent
Andrea Zupancich
Z' Up North Realty
List Price
$99,000
Sold Price
$99,000
Current Estimated Value
$333,521

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$234,521
Avg. Annual Appreciation
36.43%
Original Mortgage
$89,010
Outstanding Balance
$69,130
Interest Rate
2.33%
Mortgage Type
New Conventional
Estimated Equity
$264,391
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
Horvat Ernest $99,000 Northeast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Horvat Ernest $89,010
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/22/2021 11/22/21 Sold $99,000 0.0% $69 / Sq Ft
07/14/2021 07/14/21 Pending -- -- --
07/07/2021 07/07/21 For Sale $99,000 -- $69 / 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 $1,314 $202,300 $35,400 $166,900
2022 $1,310 $177,600 $32,500 $145,100
2021 $1,866 $154,400 $28,200 $126,200
2020 $1,728 $147,100 $28,200 $118,900
2019 $1,718 $147,100 $28,200 $118,900
2018 $1,158 $150,600 $32,600 $118,000
2017 $1,030 $147,400 $32,600 $114,800
2016 $852 $135,500 $31,600 $103,900
2015 $857 $96,100 $24,800 $71,300
2014 $857 $96,100 $24,800 $71,300
Source: Public Records

Agents Affiliated with this Home

  • Kate Davies

    Seller's Agent in 2021

    Kate Davies

    Bear Island Realty LLC

    (218) 343-9173

    172 Total Sales

    Kate Davies
    Section Image
  • Anna Yahnke

    Seller Co-Listing Agent in 2021

    Anna Yahnke

    Bear Island Realty LLC

    (218) 235-3547

    183 Total Sales

    Anna Yahnke
    Section Image
  • Andrea Zupancich

    Buyer's Agent in 2021

    Andrea Zupancich

    Z' Up North Realty

    (218) 749-0159

    454 Total Sales

    Andrea Zupancich
    Section Image
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6098255

APN: 465001003645

Minnesota St Louis County Ely 55731

1557 Highway 1, Ely, MN

This home is located at 1557 Highway 1, Ely, MN 55731 since 07 July 2021 and is currently estimated at $333,521, approximately $233 per square foot. This property was built in 1977. 1557 Highway 1 is a home located in St. Louis County with nearby schools including Washington Elementary School and Memorial High School.

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