NOT LISTED FOR SALE

1760 Lambs Point Islands Ely, MN 55731

Estimated Value: $175,000 - $213,000

0.75 Acre
$253,225 Price per Acre
32,670 Sq Ft Lot

Sale Details

Date Sold: December 10, 2021

Last sale price $125,000

Est. 52% increase in value since last sale

Current estimated payment $1,142 / mo

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

  • 32,670 Sq Ft 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

0.75 Acres

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2021
Closed on
Nov 10, 2021
Sold by
Bought by
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
$189,919

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,919
Avg. Annual Appreciation
9.72%
Original Mortgage
$87,500
Outstanding Balance
$56,424
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$133,495
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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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$125,000 Northeast Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,366 $141,600 $125,100 $16,500
2023 $1,362 $104,400 $92,800 $11,600
2021 $534 $46,700 $40,000 $6,700
2018 $470 $49,600 $43,300 $6,300
2017 $322 $44,700 $41,200 $3,500
2016 $3,768 $34,700 $34,700 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Mark Larson

    Wildwoods Land Company

    25 Total Sales

    Mark Larson
    Section Image

  • N

    Buyer's Agent in 2021

    Nonmember NONMEMBER

    Nonmember Office

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6099771

APN: 465002004160

Minnesota St Louis County Ely 55731

1760 Lambs Point Islands, Ely, MN

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Listings courtesy of Lake Superior Area REALTORS® as distributed by MLS GRID

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