NOT LISTED FOR SALE

1939 Old Highway 1 Ely, MN 55731

Ely Area

Estimated Value: $325,000 - $440,000

2 Beds
1 Bath
1,728 Sq Ft
$221/Sq Ft Est. Value

Sale Details

Date Sold: November 1, 2019

Last sale price $219,000 $127 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $2,280 / mo

153 Days on Market

Highlights

  • Spa
  • Sauna
  • 20 Acre Lot
  • Memorial High School Rated 9+
  • Heated Floors
  • Ranch Style House

About This Home

As of November 2019

Great country property located minutes out of Ely on Old Hwy 1. This country home features a 2 bedroom, 1 bath home with new additions of a kitchen, bath, utility/laundry and master bedroom with in-floor heat. The property has several out buildings with a 36 x 68 Shop (1/2 insulated and heated), true finish wood fired SAUNA, 14 x 100 building with dirt floor-DRY, 30 x 30 garage with insulated walls. 14 x 16 garage with wood shed, well house with hot tub, and more. The owner had truly cared for his property with updates of roofs and maintenance. This property is next to State Land.

Last Agent to Sell the Property

Lori Schulze

Keller Williams Classic Realty NW - Ely Listed on: 05/02/2019

Keller Williams Classic Realty NW - Ely

Last Buyer's Agent

Lori Schulze

Keller Williams Classic Realty NW - Ely Listed on: 05/02/2019

Keller Williams Classic Realty NW - Ely

Range of Values:

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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 Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,988

Lot Details

  • 20 Acre Lot
  • Property fronts a private road
  • Elevated Lot
  • Level Lot
  • Landscaped with Trees

Home Design

  • Ranch Style House
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Rubber Roof
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 1,728 Sq Ft Home
  • Woodwork
  • Skylights
  • Free Standing Fireplace
  • Mud Room
  • Living Room
  • Dining Room
  • Sauna
  • Heated Floors

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Laundry on main level

Parking

  • 2 Car Detached Garage
  • Gravel Driveway

Outdoor Features

  • Spa
  • Pole Barn
  • Separate Outdoor Workshop
  • Storage Shed
  • Lean-To Shed
  • Porch

Farming

  • Machine Shed

Utilities

  • Baseboard Heating
  • Heating System Uses Wood
  • Heating System Uses Propane
  • Private Water Source
  • Private Sewer

Community Details

  • Near a Preserve or Public Land

Listing and Financial Details

  • Assessor Parcel Number 465-0010-01550 split

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,988

Lot Details

20 Acres

Listing Details

  • Class: SINGLE FAMILY
  • Directions: Follow Hwy 1 south out of Ely to Old Hwy 1 and to Fire #1939.
  • L O1 Office Phone1 Number: 218-365-3665
  • PropAdjoinsPublicLand: Yes
  • Road Maintenance: Private
  • Property Sub-Type: SF/Detached
  • Tax Year: 2019
  • Twp Number: 62
  • Lot Description Waterfront: No
  • Reso Association Amenities: Natural Woodwork, Skylight, Main Floor Laundry
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1728
  • Garage Type: Detached
  • Heat: Baseboard, In Floor, Wood, Propane
  • Reso Roof: Asphalt Shingles, Metal, Rubber
  • Bedroom 3: Kitchen
  • TotalBedrooms: 2
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • RoomLevel6: Main
  • RoomLevel7: Main
  • RoomLevel8: Main
  • RoomLevel9: Main
  • Property Style: Ranch/Rambler
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Material: N/A
  • Basement Style: None
  • Bathroom 1 Level: main
  • Bathroom Description: Full Main Floor
  • Formal Dining: Informal Dining Room
  • Extra Rooms: Mud Room
  • Fireplace: Yes
  • Den Fireplace Type: Free Standing
  • 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: Bathroom
  • Room 7: Porch
  • Room 8: Mud Room
  • Room 9: Laundry Room
  • Total Bathrooms: 1
  • Total Fin Square Footage: 1728
  • Exercise Room Level2: Main

Exterior Features

  • Out Buildings: Hot Tub, Lean-To, Machine Shed, Pole Building, Sauna, Storage Shed, Workshop, Other Buildings
  • Road Frontage: Private
  • Construction Status: Previously Owned
  • Exterior: Wood

Garage/Parking

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

Utilities

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

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 660 x 1,320
  • Estimated Number of Acres: 20
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Tree Coverage - Medium, High, Level, Rolling
  • Parcel Number: 465-0010-01550 split

Tax Info

  • Tax Amount: 1988.5

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
May 2, 2019
Closed on
Nov 1, 2019
Sold by
Pozzi Mark A and Pozzi Debra
Bought by
Seller's Agent
Lori Schulze
Keller Williams Classic Realty NW - Ely
Buyer's Agent
Lori Schulze
Keller Williams Classic Realty NW - Ely
List Price
$219,000
Sold Price
$219,000
Current Estimated Value
$381,684

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$162,684
Avg. Annual Appreciation
8.46%
Original Mortgage
$208,050
Outstanding Balance
$179,416
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$202,268

Purchase Details

Listed on
May 2, 2019
Closed on
Sep 26, 2019
Sold by
Pozzi Mark A and Pozzi Debra
Bought by
Eley James and Eley Angela
Seller's Agent
Lori Schulze
Keller Williams Classic Realty NW - Ely
Buyer's Agent
Lori Schulze
Keller Williams Classic Realty NW - Ely
List Price
$219,000
Sold Price
$219,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,050
Outstanding Balance
$179,416
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$202,268

Purchase Details

Closed on
Jan 16, 2002
Sold by
Pozzi Lucinda A
Bought by
Pozzi Mark A
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
$219,000 Northeast Title Company
Eley James $28,000 Northeast Title Company
Pozzi Mark A -- --
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 $208,050
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
11/01/2019 11/01/19 Sold $219,000 0.0% $127 / Sq Ft
10/02/2019 10/02/19 Pending -- -- --
05/02/2019 05/02/19 For Sale $219,000 -- $127 / 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 $2,092 $281,600 $71,500 $210,100
2023 $2,054 $283,700 $63,900 $219,800
2022 $2,036 $248,500 $57,500 $191,000
2021 $2,080 $214,000 $47,800 $166,200
2020 $1,906 $204,500 $47,800 $156,700
2019 $2,410 $204,600 $47,900 $156,700
2018 $2,400 $218,900 $65,700 $153,200
2017 $2,222 $218,900 $65,700 $153,200
2016 $1,734 $201,600 $63,000 $138,600
2015 $1,749 $181,600 $58,600 $123,000
2014 $1,749 $181,600 $58,600 $123,000
Source: Public Records

Agents Affiliated with this Home

  • Lori Schulze Real Estate Agent - Keller Williams Classic Realty NW - Ely

    Seller's Agent in 2019

    Lori Schulze

    Keller Williams Classic Realty NW - Ely

    (218) 343-1787

    112 Total Sales

    Lori Schulze
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6082450

APN: 465001001550

Minnesota St Louis County Ely 55731

1939 Old Highway 1, Ely, MN

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

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