NOT LISTED FOR SALE

1844 Highway 1 Ely, MN 55731

Estimated Value: $248,000 - $518,000

2 Beds
1 Bath
1,620 Sq Ft
$246/Sq Ft Est. Value

Last Sold April 19, 2019

Last sale price $230,000 $142 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $2,289/month

7 Days on Market

Highlights

  • Multiple Garages
  • 95 Acre Lot
  • Main Floor Primary Bedroom
  • Memorial High School Rated 9+
  • Traditional Architecture
  • 2 Fireplaces

About This Home

As of April 2019

This home is located at 1844 Highway 1, Ely, MN 55731 since 11 February 2019 and is currently estimated at $398,780, approximately $246 per square foot. This property was built in 1910. 1844 Highway 1 is a home located in St. Louis County with nearby schools including Washington Elementary School and Memorial High School.

Last Agent to Sell the Property

Chris Eilrich

Wildwoods Land Company Listed on: 02/11/2019

Last Buyer's Agent

Chris Eilrich

Wildwoods Land Company Listed on: 02/11/2019

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,588

Year Built

  • Built in 1910

Lot Details

  • 95 Acre Lot
  • Lot Dimensions are 3135 x 1320

Home Design

  • Traditional Architecture
  • Log Cabin
  • Concrete Foundation
  • Composition Shingle

Interior Spaces

  • 1,620 Sq Ft Home
  • Multi-Level Property
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Living Room
  • Dining Room
  • Sun or Florida Room
  • Utility Room
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • 1 Bathroom

Parking

  • 6 Car Detached Garage
  • Multiple Garages

Outdoor Features

  • Outhouse

Utilities

  • Forced Air Heating System
  • Heating System Uses Oil
  • Heating System Uses Wood
  • Private Water Source
  • Drilled Well
  • Dug Well
  • Sewer Holding Tank

Listing and Financial Details

  • Assessor Parcel Number 465-0010-01870, 01840, 01980

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,588

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: South from Ely on Highway #1 for 3 miles to driveway on left.
  • L O1 Office Phone1 Number: 218-365-3665
  • Property Sub-Type: SF/Detached
  • Tax Year: 2018
  • Lot Description Waterfront: No
  • Mfg And Park Info Construction Type: Log Home
  • FinFootageAboveGrade: 1620
  • Garage Type: Detached, Multiple
  • Heat: Fireplace, Forced Air, Wood, Oil
  • Fireplaces: 2
  • Bedroom 3: Living Room
  • TotalBedrooms: 2
  • Year Built: 1910
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • RoomLevel6: Main
  • RoomLevel7: Main
  • Property Style: Traditional
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Bathroom 1 Level: yes
  • Fireplace: Yes
  • Den Fireplace Type: Wood Burning
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Bedroom
  • Bathroom 2: Bedroom
  • Main Residence Features:Family Room4: Dining Room
  • Bedroom 5: Kitchen
  • Stories: 1.25 - 1.75 Story
  • Room 6: Utility Room
  • Room 7: Sunroom/Solarium
  • Total Bathrooms: 1
  • Total Fin Square Footage: 1620
  • Exercise Room Level2: Second Floor

Exterior Features

  • Construction Status: Previously Owned
  • Exterior: Composition

Garage/Parking

  • Garage Capacity: 6

Utilities

  • Power Company: Lake Country Power
  • Sewer: Drain Field, Holding Tank, Outhouse
  • Water: Private, Dug, Drilled

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 3135 x 1320
  • Estimated Number of Acres: 95
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 465-0010-01870, 01840, 01980

Tax Info

  • Tax Amount: 1588

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 11, 2019
Closed on
Apr 15, 2019
Sold by
Vesel David Vincent and Vesel Diane Dawn
Bought by
Hart Daniel V
Seller's Agent
Chris Eilrich
Wildwoods Land Company
Buyer's Agent
Chris Eilrich
Wildwoods Land Company
List Price
$230,000
Sold Price
$230,000
Current Estimated Value
$398,780

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$168,780
Avg. Annual Appreciation
8.56%
Original Mortgage
$216,000
Outstanding Balance
$189,901
Interest Rate
4.4%
Mortgage Type
Commercial
Estimated Equity
$208,879

Purchase Details

Closed on
May 8, 2017
Sold by
Vesel Rosemary
Bought by
Vesel Joshua Donald

Purchase Details

Closed on
Apr 12, 2017
Sold by
Atwood Deborah Jean and Vesel David Vincent
Bought by
Vesel Rosemary

Purchase Details

Closed on
Apr 21, 2015
Sold by
Vesel Sandra
Bought by
Atwood Deborah Jean and Vesel David Vincent

Purchase Details

Closed on
Sep 9, 2002
Sold by
Vesel John and Vesel Rosemary
Bought by
Vesel Michael John and Atwood Deborah Jean
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
Hart Daniel V $216,200 Northeast Title Company
Vesel Joshua Donald $5,000 None Available
Vesel Rosemary -- None Available
Atwood Deborah Jean -- Attorney
Vesel Michael John -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hart Daniel V $216,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/19/2019 04/19/19 Sold $230,000 0.0% $142 / Sq Ft
02/18/2019 02/18/19 Pending -- -- --
02/11/2019 02/11/19 For Sale $230,000 -- $142 / 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 $2,386 $251,800 $113,700 $138,100
2023 $2,386 $207,800 $102,700 $105,100
2022 $1,790 $183,900 $92,500 $91,400
2021 $1,850 $156,900 $77,400 $79,500
2020 $1,724 $152,300 $77,400 $74,900
2019 $1,738 $152,300 $77,400 $74,900
2018 $1,190 $159,000 $90,100 $68,900
2017 $1,134 $159,000 $90,100 $68,900
2016 $1,112 $153,200 $90,800 $62,400
2015 $1,118 $126,000 $78,800 $47,200
2014 $1,118 $126,000 $78,800 $47,200
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2019

    Chris Eilrich

    Wildwoods Land Company

    (218) 343-6169

    149 Total Sales

    Chris Eilrich
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6082147

APN: 465001001870

Minnesota St Louis County Ely 55731

1844 Highway 1, Ely, MN

Not Listed for Sale

Detached

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