NOT LISTED FOR SALE

1906 Laine Rd Ely, MN 55731

Estimated Value: $250,000 - $403,000

4 Beds
1 Bath
1,348 Sq Ft
$249/Sq Ft Est. Value

Last Sold October 22, 2019

Last sale price $165,000 $122 Per Sq Ft

Est. 103% increase in value since last sale

Current estimated payment $1,941/month

154 Days on Market

Highlights

  • Barn
  • Panoramic View
  • Main Floor Primary Bedroom
  • Memorial High School Rated 9+
  • 127.44 Acre Lot
  • No HOA

About This Home

As of October 2019

Hard to find farmstead now available! 127+ acres, only 12 mins from Ely. Johnson Creek meanders gently through this property making for an abundance of wildlife. Great black dirt (for your own use or retail value), outcroppings of beautiful granite, and massive 32x70 barn that's just waiting for some animals to house - or refurbish it for great entertainment space! Home has original log homes and 4 bedrooms Either restore it to its original greatness and keep for a guest house as you build your dream home on this beautiful land! The acreage and barn are serious things to take a look at!

Last Agent to Sell the Property

Andrea Zupancich

Z' Up North Realty Listed on: 04/04/2019

Last Buyer's Agent

Anna Yahnke

Bear Island Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,008

Year Built

  • Built in 1906

Lot Details

  • 127.44 Acre Lot
  • Lot Dimensions are 2640x2640
  • Property fronts a county road
  • Elevated Lot
  • Level Lot
  • Irregular Lot

Property Views

  • River
  • Panoramic

Home Design

  • Log Cabin
  • Bungalow
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Concrete Fiber Board Siding

Interior Spaces

  • 1,348 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Combination Kitchen and Dining Room
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Bathroom on Main Level
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Laundry on main level

Parking

  • 2 Car Detached Garage
  • Gravel Driveway

Outdoor Features

  • Enclosed Patio or Porch
  • Lean-To Shed

Farming

  • Barn
  • Tillable Land

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Propane
  • Private Water Source
  • Private Sewer

Community Details

  • No Home Owners Association
  • Property is near a preserve or public land

Listing and Financial Details

  • Assessor Parcel Number 465-10-2300,21260,2270,22

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,008

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: hwy 21 to Laine Rd to firenumber
  • L O1 Office Phone1 Number: 218-827-2288
  • PropAdjoinsPublicLand: Yes
  • Property Sub-Type: SF/Detached
  • Tax Year: 2017
  • View Type:Pond View: River, Panoramic
  • Lot Description Waterfront: No
  • Air Conditioner: None
  • Reso Association Amenities: Main Floor Laundry
  • Mfg And Park Info Construction Type: Frame/Wood, Log Home
  • FinFootageAboveGrade: 1348
  • Garage Type: Detached
  • Heat: Forced Air, Propane, Electric
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Master Bedroom
  • TotalBedrooms: 4
  • Year Built: 1906
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Upper
  • RoomLevel5: Upper
  • RoomLevel6: Upper
  • RoomLevel7: Main
  • RoomLevel8: Main
  • RoomLevel9: Main
  • Property Style: Bungalow
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Features: N/A
  • Basement Material: N/A
  • Basement Style: None
  • Bathroom 1 Level: main
  • Bathroom Description: Full Main Floor
  • Formal Dining: Combine with Kitchen, Eat-In Kitchen
  • Extra Rooms: Enclosed Porch
  • Fireplace: No
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Kitchen
  • Main Residence Features:Family Room4: Bedroom
  • Bedroom 5: Bedroom
  • Stories: 2 Story
  • Room 6: Bedroom
  • Room 7: Porch
  • Room 8: Bathroom
  • Room 9: Laundry Room
  • Total Bathrooms: 1
  • Total Fin Square Footage: 1348

Exterior Features

  • Out Buildings: Barn, Lean-To
  • Road Frontage: County
  • Construction Status: Previously Owned
  • Exterior: Fiber Board

Garage/Parking

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

Utilities

  • Power Company: Lake Country Power
  • Sewer: Private
  • Water: Private

Condo/Co-op/Association

  • Association Fee: No

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 2640x2640
  • Estimated Number of Acres: 127.44
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Irregular Lot, Tillable, High, Level, Rolling
  • Parcel Number: 465-10-2300,21260,2270,22

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 1008

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2019
Closed on
Oct 21, 2019
Sold by
Ahifs John Michael and Estate Of Darrol J Ahifs
Bought by
Brekke Derek J and Brekke Natasha M
Seller's Agent
Andrea Zupancich
Z' Up North Realty
Buyer's Agent
Anna Yahnke
Bear Island Realty LLC
List Price
$165,000
Sold Price
$165,000
Current Estimated Value
$335,153

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$170,153
Avg. Annual Appreciation
12.13%
Original Mortgage
$100,000
Outstanding Balance
$92,812
Interest Rate
7.1%
Mortgage Type
New Conventional
Estimated Equity
$242,341
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Brekke Derek J $165,000 Northeast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brekke Derek J $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/22/2019 10/22/19 Sold $165,000 0.0% $122 / Sq Ft
09/05/2019 09/05/19 Pending -- -- --
04/04/2019 04/04/19 For Sale $165,000 -- $122 / 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 $2,224 $309,900 $115,600 $194,300
2023 $2,224 $297,900 $104,400 $193,500
2022 $1,512 $262,400 $94,100 $168,300
2021 $1,146 $179,300 $78,700 $100,600
2020 $1,050 $141,600 $78,700 $62,900
2019 $1,196 $141,600 $78,700 $62,900
2018 $1,186 $106,400 $63,900 $42,500
2017 $1,128 $106,400 $63,900 $42,500
2016 $546 $99,900 $61,400 $38,500
2015 $549 $70,000 $45,700 $24,300
2014 $549 $70,000 $45,700 $24,300
Source: Public Records

Agents Affiliated with this Home

  • Andrea Zupancich

    Seller's Agent in 2019

    Andrea Zupancich

    Z' Up North Realty

    (218) 749-0159

    445 Total Sales

    Andrea Zupancich
    Section Image
  • Anna Yahnke

    Buyer's Agent in 2019

    Anna Yahnke

    Bear Island Realty LLC

    (218) 235-3547

    177 Total Sales

    Anna Yahnke
    Section Image
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6081655

APN: 465001002270

Minnesota St Louis County Ely 55731

1906 Laine Rd, Ely, MN

Not Listed for Sale

Detached

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