NOT LISTED FOR SALE

1896 Echo Trail Ely, MN 55731

Ely Area

Estimated Value: $340,000 - $365,000

2 Beds
1 Bath
1,088 Sq Ft
$321/Sq Ft Est. Value

Sale Details

Date Sold: November 25, 2019

Last sale price $185,000 $170 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $2,080 / mo

24 Days on Market

Highlights

  • Sauna
  • Panoramic View
  • Den
  • Memorial High School Rated 9+
  • Ranch Style House
  • Lower Floor Utility Room

About This Home

As of November 2019

This 2 bedroom home with one full bathroom is located 5 miles up the Echo Trail from Ely. Convenient to town as well as the many hiking trails lakes and BWCA entry points nearby, this home offers plenty of privacy on its well forested 10 acres. The cedar sided home has a sunny kitchen cozy living room with a glass door wood stove, laundry room and a deck and screen porch to enjoy the outdoors. Property also includes a 24 x 28 detached garage and a separate sauna building. Main heat source is off peak electric heat, which is the most economical method of heat in area. Wood stove in living room is a good back up system. This property has it all, easy access, yet still secluded. Can be a year round home or your home away from home.

Last Agent to Sell the Property

Phil Hyde

Bear Island Land Co., Inc Listed on: 09/23/2019

Last Buyer's Agent

Kerry Davis

Canoe Capital Realty, LLC License #MN 40208514

Range of Values:

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Value Increase
--
Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,216

Year Built

  • Built in 1980

Lot Details

  • 10 Acre Lot
  • Property fronts a state road
  • Elevated Lot
  • Irregular Lot
  • Many Trees

Home Design

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

Interior Spaces

  • 1,088 Sq Ft Home
  • Woodwork
  • Paneling
  • Ceiling Fan
  • Combination Dining and Living Room
  • Den
  • Lower Floor Utility Room
  • Utility Room
  • Sauna
  • Panoramic Views

Kitchen

  • Range
  • Microwave
  • Kitchen Island

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Partially Finished Basement

  • Partial Basement
  • Crawl Space

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Gravel Driveway

Utilities

  • Window Unit Cooling System
  • Dual Heating Fuel
  • Heating System Uses Wood
  • Private Water Source
  • Drilled Well
  • Electric Water Heater
  • Mound Septic
  • Private Sewer
  • High Speed Internet
  • Satellite Dish

Community Details

  • Property is near a ravine

Listing and Financial Details

  • Assessor Parcel Number 465-0020-00866

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,216

Year Built

Built in 1980

Lot Details

10 Acres

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Ely, travel east on Hwy 169 to Cty Rd. 88. Turn left and follow to the Echo Trail. Turn right on the Echo Trail and follow for 5 miles to the property address.
  • InternetOptions: DSL, Satellite
  • L O1 Office Phone1 Number: 218-365-2800
  • Road Maintenance: Public
  • Property Sub-Type: SF/Detached
  • Tax Year: 2019
  • View Type:Pond View: Panoramic
  • Lot Description Waterfront: No
  • Air Conditioner: Window
  • Reso Association Amenities: Ceiling Fans, Garage Door Opener, Kitchen Center Island, Natural Woodwork, Panelled Walls, Dryer Hook-Ups, Washer Hook-Ups
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1088
  • Garage Type: Detached
  • Heat: Dual Fuel/Off Peak, Wood, Electric
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Kitchen
  • TotalBedrooms: 2
  • Year Built: 1980
  • 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

  • Appliances: Dryer, Microwave, Range/Stove, Refrigerator, Washer
  • Basement Features: Partially Finished, Utility Room
  • Basement Material: Concrete Block
  • Basement Style: Crawl Space, Partial
  • Bathroom 1 Level: main
  • Bathroom Description: Full Main Floor
  • Formal Dining: Combine with Living Room, Informal Dining Room
  • Extra Rooms: Den/Office, Utility Room
  • Fireplace: No
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Dining Room
  • Main Residence Features:Family Room4: Master Bedroom
  • Bedroom 5: Bedroom
  • Stories: 1 Story
  • Room 6: Den/Office
  • Total Bathrooms: 1
  • Total Fin Square Footage: 1088
  • Exercise Room Level2: Main

Exterior Features

  • Out Buildings: Sauna
  • Road Frontage: Paved, State
  • Construction Status: Previously Owned
  • Exterior: Wood

Garage/Parking

  • Parking Driveway: Driveway - Gravel
  • Garage Capacity: 2

Utilities

  • Power Company: Lake Country Power
  • Sewer: Private, Mound
  • Water: Private, Drilled

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: irregular
  • Estimated Number of Acres: 10
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Irregular Lot, Ravine, Tree Coverage - Heavy, High
  • Parcel Number: 465-0020-00866

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 1216

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 23, 2019
Closed on
Nov 8, 2019
Sold by
Bought by
Seller's Agent
Phil Hyde
Bear Island Land Co., Inc
Buyer's Agent
Kerry Davis
Canoe Capital Realty, LLC
List Price
$185,000
Sold Price
$185,000
Current Estimated Value
$349,589

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$164,589
Avg. Annual Appreciation
9.95%
Original Mortgage
$146,812
Interest Rate
3.6%
Mortgage Type
VA

Purchase Details

Closed on
Feb 13, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
4.2%
Mortgage Type
New Conventional
Source: Public Records

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
$185,000 Northeast Title Company
$168,887 Northeast Title Company
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 $50,000
Open $187,516
Closed $149,533
Closed $146,812
Previous Owner $135,000
Previous Owner $66,500
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
11/25/2019 11/25/19 Sold $185,000 0.0% $170 / Sq Ft
10/17/2019 10/17/19 Pending -- -- --
09/23/2019 09/23/19 For Sale $185,000 -- $170 / Sq Ft
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 $1,858 $261,400 $69,200 $192,200
2023 $1,848 $227,900 $63,000 $164,900
2022 $1,540 $200,500 $57,200 $143,300
2021 $1,580 $173,300 $48,600 $124,700
2020 $1,424 $166,100 $48,600 $117,500
2019 $1,276 $164,800 $48,600 $116,200
2018 $1,266 $156,500 $51,600 $104,900
2017 $1,138 $156,500 $51,600 $104,900
2016 $1,112 $144,500 $49,700 $94,800
2015 $1,117 $120,300 $41,400 $78,900
2014 $1,117 $120,300 $41,400 $78,900
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2019

    Phil Hyde

    Bear Island Land Co., Inc

  • K

    Buyer's Agent in 2019

    Kerry Davis

    Canoe Capital Realty, LLC

    (218) 235-1084

    41 Total Sales

    Kerry Davis
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6086503

APN: 465002000866

Minnesota St Louis County Ely 55731

1896 Echo Trail, Ely, MN

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