NOT LISTED FOR SALE

1760 Lambs Point Islands Ely, MN 55731

Estimated Value: $159,000 - $208,000

0.75 Acre
$239,812 Price per Acre
32,670 Sq Ft Lot

Last Sold December 10, 2021

Last sale price $125,000

Est. 44% increase in value since last sale

Current estimated payment $1,054/month

3 Days on Market

Highlights

  • Private Waterfront
  • Docks
  • Island Location
  • Memorial High School Rated 9+
  • Panoramic View
  • Deck

About This Lot

As of December 2021

Own an entire Island all to yourself on Shagawa Lake! One of the Ely areas finest Walleye lakes. This +-3/4 acre island is developed with a new 12' x 20' day cabin with a 6' x 12' screen porch. Beautiful western sunset views from the tree house deck constructed at the west end of the Island. This end of the Island has a nice gradual swimming area with a fire pit on the shore. The Island is heavily wooded with White Cedars, Birch and Ash trees. There is a good trail system to get you around the entire island. A variance from St. Louis County would be required to build an outhouse or any additional structures. Permanent residence is not allowed without a sewer treatment system.

Last Agent to Sell the Property

Mark Larson

Wildwoods Land Company Listed on: 09/21/2021

Last Buyer's Agent

Nonmember NONMEMBER

Nonmember Office

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $534

Lot Details

  • 0.75 Acre Lot
  • Lot Dimensions are 100' x 327'
  • Private Waterfront
  • 800 Feet of Waterfront
  • Lake Front
  • Many Trees

Property Views

  • Panoramic
  • Limited

Outdoor Features

  • Docks
  • Deck
  • Gazebo
  • Storage Shed

Location

  • Island Location

Property Details

Property Type

Land

Est. Annual Taxes

$534

Lot Details

0

Listing Details

  • Class: LOT/LAND
  • Directions: From Sandy Point public landing head NW by boat about half a mile out it is the center large island. The dock is on the south side and very visible.
  • L O1 Office Phone1 Number: 218-365-3665
  • RdBtwnWtrfrnt: No
  • ShorelineCharacteristics: Gravel, Elevation-Medium, Shore-Beach
  • Property Sub-Type: Recreational
  • Tax Year: 2021
  • Twp Number: 63
  • View Type:Pond View: Panoramic
  • Lot Description Waterfront: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Out Buildings: Gazebo, Screenhouse, Storage Shed
  • Road Frontage: None
  • Waterfront Access: Private
  • Water Frontage In Feet: 800
  • Waterfront Name: Shagawa

Garage/Parking

  • Parking Driveway: Other

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 100' x 327'
  • Estimated Number of Acres: 0.75
  • Cultivated Acreage: LSAR
  • Builder Restrictions: Limited
  • Geo Match Code: 3
  • Improvements: Dock, Deck
  • Land Improvements: Yes
  • Lot Description: Tree Coverage - Heavy, Island/Peninsula
  • Waterfront Type: Inland Lake

Tax Info

  • Tax Amount: 534

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2021
Closed on
Nov 10, 2021
Sold by
Franks and Karen
Bought by
Veverka Nancy L and Michmerhuizen Catherine
Seller's Agent
Mark Larson
Wildwoods Land Company
Buyer's Agent
Nonmember NONMEMBER
Nonmember Office
List Price
$125,000
Sold Price
$125,000
Current Estimated Value
$179,859

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,859
Avg. Annual Appreciation
9.35%
Original Mortgage
$87,500
Outstanding Balance
$56,424
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$123,435
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Veverka Nancy L $125,000 Northeast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Veverka Nancy L $87,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/10/2021 12/10/21 Sold $125,000 0.0% --
09/24/2021 09/24/21 Pending -- -- --
09/21/2021 09/21/21 For Sale $125,000 -- --
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 $1,362 $141,600 $125,100 $16,500
2020 $578 $46,700 $40,000 $6,700
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Mark Larson

    Wildwoods Land Company

    30 Total Sales

    Mark Larson
    Section Image

  • N

    Buyer's Agent in 2021

    Nonmember NONMEMBER

    Nonmember Office

See All Agents

Map

Source: Lake Superior Area REALTORS®

MLS Number: 6099771

APN: 465002004160

Minnesota St Louis County Ely 55731

1760 Lambs Point Islands, Ely, MN

Not Listed for Sale

Lots

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