NOT LISTED FOR SALE

1625 State Highway 1 Ely, MN 55731

Estimated Value: $46,104

11 Acres
$4,191 Price per Acre
479,160 Sq Ft Lot

Last Sold October 29, 2019

Last sale price $32,500

Est. 42% increase in value since last sale

Current estimated payment $275/month

179 Days on Market

Highlights

  • Views
  • High Speed Internet
  • Many Trees
  • Memorial High School Rated 9+
  • Satellite Dish

About This Lot

As of October 2019

11 +/- acres just 5 miles south of Ely on Highway 1. The driveway is in and the building site has been cleared. Great location in the woods but close to town. Power is already on site. Perfect location for a home or cabin site. *SLLS*

Last Agent to Sell the Property

Bruce Chernak

Bear Island Realty LLC Listed on: 04/11/2019

Last Buyer's Agent

Don Stocks

Wildwoods Land Company

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $316

Lot Details

  • 11 Acre Lot
  • Lot Dimensions are 400 x 1100
  • Property fronts a highway
  • Many Trees

Parking

  • Gravel Driveway

Utilities

  • High Speed Internet
  • Phone Available
  • Satellite Dish

Additional Features

  • Property Views

Property Details

Property Type

Land

Est. Annual Taxes

$316

Lot Details

0

Listing Details

  • Class: LOT/LAND
  • Directions: From Ely, take Hwy 1 south +/- 5 miles to the property on the right. Sign at driveway.
  • InternetOptions: DSL, Fiber Optic, Satellite
  • L O1 Office Phone1 Number: 218-365-2800
  • Renewal Options: Sell Entirely
  • List Price/ Sq Ft: 2954.55
  • Road Maintenance: Public, Year Round
  • Property Sub-Type: Residential
  • Tax Year: 2018
  • View Type:Pond View: Typical
  • Lot Description Waterfront: No
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Frontage: Paved, Highway, State

Garage/Parking

  • Parking Driveway: Driveway - Gravel

Utilities

  • Available Utilities: Electric, Telephone
  • On Site Utilities: Electric
  • Power Company: Lake Country Power

Schools

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

Lot Info

  • Geo Update Timestamp: 2019-04-12
  • Estimated Lot Dimensions: 400 x 1100
  • Estimated Number of Acres: 11
  • Cultivated Acreage: LSAR
  • Builder Restrictions: None
  • Development Status: Raw Land
  • Geo Subdivision: MN
  • Land Improvements: No
  • Lot Description: Tree Coverage - Heavy

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 316

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2019
Closed on
Oct 28, 2019
Sold by
Vitek Martin J and Burns Donna L
Bought by
Rike David E and Rike Kathy K
Seller's Agent
Bruce Chernak
Bear Island Realty LLC
Buyer's Agent
Don Stocks
Wildwoods Land Company
List Price
$32,500
Sold Price
$32,500
Current Estimated Value
$46,104

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,604
Avg. Annual Appreciation
6.02%
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
Rike David E $32,500 Northeast Title Company
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/29/2019 10/29/19 Sold $32,500 0.0% --
10/07/2019 10/07/19 Pending -- -- --
04/11/2019 04/11/19 For Sale $32,500 -- --
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 $376 $43,100 $43,100 $0
2022 $292 $38,600 $38,600 $0
2021 $306 $31,900 $31,900 $0
2020 $298 $31,900 $31,900 $0
2019 $320 $31,900 $31,900 $0
2018 $316 $34,900 $34,900 $0
2017 $310 $34,800 $34,800 $0
2016 $310 $33,400 $33,400 $0
2015 $310 $33,400 $33,400 $0
2014 $310 $33,400 $33,400 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2019

    Bruce Chernak

    Bear Island Realty LLC

  • Don Stocks

    Buyer's Agent in 2019

    Don Stocks

    Wildwoods Land Company

    (218) 340-1353

    108 Total Sales

    Don Stocks
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6081882

APN: 465001003263

Minnesota St Louis County Ely 55731

1625 State Highway 1, Ely, MN

This home is located at 1625 State Highway 1, Ely, MN 55731 since 11 April 2019 and is currently estimated at $46,104. 1625 State 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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