NOT LISTED FOR SALE

1941 Rock Island Ely, MN 55731

Estimated Value: $327,000 - $451,000

1 Bed
-- Bath
340 Sq Ft
$1,144/Sq Ft Est. Value

Last Sold June 21, 2023

Last sale price $399,990 $1,176 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $2,157/month

173 Days on Market

Highlights

  • Lake Front
  • Beach Access
  • Wood Burning Stove
  • Memorial High School Rated 9+
  • Solar Power System
  • No HOA

About This Home

As of June 2023

Escape to Rock Island, an picturesque getaway located in the Ely area Gateway to the BWCA! This unique island on Shagawa is home to some of the best fishing spots on the lake, surrounded by an untouched and protected harbor, with a year-round ice dock. With 900 feet of shoreline, you’ll feel nothing but peace and tranquility as you explore the depths of nature, take a boat ride, fish, and take in the northern Minnesota wildlife. Whether it’s the boulder field on the other side of the cabin, or the convenience of the quick access to town, you’ll find everything you need for a perfect naturalist getaway. Plus, you’ll have the added bonus of a great view of the US Forrest Service Float Planes and Base - the only one in the USA. Don’t miss out on this slice of paradise - make your escape to Rock Island today!

Last Agent to Sell the Property

Kari Francois

LPT Realty, LLC Listed on: 12/15/2022

LPT Realty, LLC

Co-Listed By

Dan Hendren

LPT Realty, LLC

Last Buyer's Agent

NON-RMLS NON-RMLS

Non-MLS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,202

Year Built

  • Built in 2014

Lot Details

  • 1.25 Acre Lot
  • Lot Dimensions are 141x289x125x304
  • Lake Front
  • Many Trees

Home Design

  • Metal Roof
  • Wood Siding

Interior Spaces

  • 1 Bedroom
  • 340 Sq Ft Home
  • 1-Story Property
  • Wood Burning Stove
  • Lake Views
  • Freezer

Additional Features

  • Solar Power System
  • Beach Access
  • No Cooling

Community Details

  • No Home Owners Association
  • Morse Town Of Subdivision

Listing and Financial Details

  • Assessor Parcel Number 465002002840

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,202

Year Built

Built in 2014

Lot Details

1.25 Acres

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: None
  • Accessibility Features: None
  • Water Source: None
  • Year Built: 2014
  • Above Grade Finished Sq Ft: 340
  • Water Body Name: Shagawa
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: None
  • Appliances: Freezer, Refrigerator
  • Living Area: 340
  • Basement YN: No
  • Dining Room Type: Bedroom 1

Beds/Baths

  • Total Bedrooms: 1

Exterior Features

  • Roof: Metal
  • View: Lake, Panoramic
  • Lake Bottom: Gravel
  • LakeChain: N

Garage/Parking

  • Parking Features: None

Utilities

  • Heating: Wood Stove
  • Sewer: None
  • Fuel: Solar

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Dock

Schools

  • Junior High Dist: Ely
  • SchoolDistrictPhone: 218-365-6166

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: 141x289x125x304
  • Lot Size Sq Ft: 54450
  • Land Lease: No
  • Lot Features: Accessible Shoreline, Many Trees
  • Additional Parcels: No
  • Zoning Description: Other
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Seasonal

Building Info

  • Construction Materials: Wood Siding

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 465002002840
  • Tax Annual Amount: 1202
  • TaxWithAssessments: 1202.0000

Multi Family

  • WaterfrontFeatures: Dock, Lake Front, Lake View

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 15, 2022
Closed on
Jun 16, 2023
Sold by
Mcquoid Gregory J
Bought by
Olson Daniel
Seller's Agent
Kari Francois
LPT Realty, LLC
Buyer's Agent
NON-RMLS NON-RMLS
Non-MLS
List Price
$399,900
Sold Price
$399,990
Premium/Discount to List
$90
0.02%
Views
306
Current Estimated Value
$389,036

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,954
Avg. Annual Appreciation
-1.03%

Purchase Details

Closed on
Mar 22, 2010
Sold by
Northview Bank
Bought by
Mcquoid Gregory J

Purchase Details

Closed on
Nov 10, 2009
Sold by
Mcgill Properties Llc
Bought by
Northview Bank

Purchase Details

Closed on
Dec 16, 2005
Sold by
Esbjornson Larry K and Esbjornson Mary P
Bought by
Mcgill Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
8%
Mortgage Type
Construction
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

Date Buyer Sale Price Title Company
Olson Daniel $399,990 Land Title
Mcquoid Gregory J $85,000 Northeast Title Company
Northview Bank -- None Available
Mcgill Properties Llc $100,000 Northeast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcgill Properties Llc $115,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/21/2023 06/21/23 Sold $399,990 0.0% $1,176 / Sq Ft
06/07/2023 06/07/23 Pending -- -- --
04/01/2023 04/01/23 Price Changed $399,990 0.0% $1,176 / Sq Ft
12/15/2022 12/15/22 For Sale $399,900 -- $1,176 / Sq Ft
Source: NorthstarMLS

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 $1,906 $199,800 $146,200 $53,600
2023 $1,906 $150,900 $115,200 $35,700
2022 $1,202 $134,000 $104,800 $29,200
2021 $1,240 $108,400 $83,800 $24,600
2020 $1,014 $108,400 $83,800 $24,600
2019 $952 $95,000 $78,600 $16,400
2018 $894 $90,300 $78,600 $11,700
2017 $978 $85,700 $74,700 $11,000
2016 $1,118 $89,000 $82,900 $6,100
2015 $909 $97,900 $97,900 $0
2014 $909 $97,900 $97,900 $0
Source: Public Records

Agents Affiliated with this Home

  • Kari Francois

    Seller's Agent in 2023

    Kari Francois

    LPT Realty, LLC

    (715) 977-1344

    99 Total Sales

    Kari Francois
    Section Image

  • D

    Seller Co-Listing Agent in 2023

    Dan Hendren

    LPT Realty, LLC

    (651) 208-9562

    33 Total Sales

    Dan Hendren
    Section Image

  • N

    Buyer's Agent in 2023

    NON-RMLS NON-RMLS

    Non-MLS

See All Agents

Map

Source: NorthstarMLS

MLS Number: 6317265

NorthstarMLS

APN: 465002002840

Minnesota St Louis County Ely 55731

1941 Rock Island, Ely, MN

Not Listed for Sale

Detached

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Based on information submitted to the MLS GRID

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