NOT LISTED FOR SALE

1950 Haapala Rd Ely, MN 55731

Estimated Value: $229,000 - $297,000

16.5 Acres
$15,249 Price per Acre
718,740 Sq Ft Lot

Last Sold April 16, 2025

Last sale price $217,000 $43 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $1,481/month

3 Days on Market

About This Lot

As of April 2025

Located close to downtown Ely, approximately 3 miles. There is an awesome 48 x 104 commercial storage building on the 16.5 acre parcel. Wired with 220 amp service, it has 14 foot walls . No cracks or voids in the expertly poured concrete floor. There are 10 x 10 and 16 x 12 entrance doors, one man door. A smaller storage building is also there as well as a drilled well. Mostly high ground with mature tree cover. The property lends itself to a variety of uses including rental storage. About 1/2 of the storage shelving has been removed that are shown in the pictures. Owner/agent

Last Agent to Sell the Property

Kerry Davis

Canoe Capital Realty, LLC Listed on: 03/15/2025

Last Buyer's Agent

Nonmember NONMEMBER

Nonmember Office

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,952

Lot Details

  • 16.5 Acre Lot

Community Details

  • No Home Owners Association

Property Details

Property Type

Land

Est. Annual Taxes

$1,952

Lot Details

0

Listing Details

  • Class: LOT/LAND
  • Directions: South of ely about 3 miles to Haapala Road on the left. The sign for Northernaire Lodge is on the corner. First drive on the left.
  • L O1 Office Phone1 Number: 218-365-8689
  • Property Sub-Type: Commercial
  • Tax Year: 2025
  • Lot Description Waterfront: No
  • Special Features: None
  • Property Sub Type: LotsLands

Condo/Co-op/Association

  • Association Fee: No

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: irregular
  • Estimated Number of Acres: 16.5
  • Cultivated Acreage: LSAR
  • Builder Restrictions: None
  • Geo Subdivision: MN
  • Land Improvements: Yes

Tax Info

  • Tax Amount: 1952

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2025
Closed on
Apr 16, 2025
Sold by
Davis Kerry Fred and Davis Sandy
Bought by
Backwater Trust
Seller's Agent
Kerry Davis
Canoe Capital Realty, LLC
Buyer's Agent
Nonmember NONMEMBER
Nonmember Office
List Price
$244,900
Sold Price
$217,000
Premium/Discount to List
-$27,900
-11.39%
Views
5
Current Estimated Value
$251,614

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,614
Avg. Annual Appreciation
24.31%

Purchase Details

Closed on
Dec 18, 2024
Sold by
Haapala Storage Llc
Bought by
Davis Kerry Fred

Purchase Details

Closed on
Oct 9, 2019
Sold by
Dix John Thomas and Dix Marcia Catherine
Bought by
Haapala Storage L L C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,250
Interest Rate
3.6%

Purchase Details

Closed on
Aug 19, 2019
Sold by
Davis Kerry F and Davis Sandy G
Bought by
Happia Storage Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,250
Interest Rate
3.6%

Purchase Details

Closed on
Aug 1, 2019
Sold by
Anderson John D and Anderson Renee C
Bought by
Davis Kerry F and Davis John R

Purchase Details

Listed on
Apr 12, 2016
Closed on
Jun 21, 2016
Sold by
Dix John Thomas and Dix Marcia Catherine
Bought by
Anderson John D and Anderson Renee C
Seller's Agent
Kerry Davis
Canoe Capital Realty, LLC
Buyer's Agent
Kerry Davis
Canoe Capital Realty, LLC
List Price
$150,000
Sold Price
$150,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.60%
Original Mortgage
$142,000
Interest Rate
5%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 8, 2008
Sold by
Mangold Gregory L
Bought by
Dix John Thomas and Dix Marcia Catherine

Purchase Details

Closed on
Dec 18, 2006
Sold by
Mangold Gregory L
Bought by
Dix John Thomas and Dix Marcia Catherine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$22,000
Interest Rate
7%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 3, 2006
Sold by
Mangold Gregory Lynn
Bought by
Cook Timothy J and Cook Deanne F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,000
Interest Rate
7.9%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 28, 2004
Sold by
Mangold Gregory Lynn
Bought by
Huisman John E and Huisman Claire M

Purchase Details

Closed on
Nov 14, 2003
Sold by
Ellis Leanne L
Bought by
Mangold Gregory Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,500
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage
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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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
Backwater Trust $217,000 Northeast Title
Davis Kerry Fred $500 None Listed On Document
Davis Kerry Fred $500 None Listed On Document
Haapala Storage L L C $150,000 Northeast Title Company
Happia Storage Llc -- None Available
Davis Kerry F -- None Available
Anderson John D $150,000 Northeast Title Company
Dix John Thomas $72,000 None Available
Dix John Thomas $72,000 None Available
Cook Timothy J $55,000 Northeast Title Company
Huisman John E $16,000 --
Mangold Gregory Lynn $65,000 Northeast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Haapala Storage L L C $131,250
Previous Owner Anderson John D $142,000
Previous Owner Dix John Thomas $22,000
Previous Owner Cook Timothy J $44,000
Previous Owner Mangold Gregory Lynn $58,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/16/2025 04/16/25 Sold $217,000 -11.4% $43 / Sq Ft
03/18/2025 03/18/25 Pending -- -- --
03/15/2025 03/15/25 For Sale $244,900 +63.3% $49 / Sq Ft
06/22/2016 06/22/16 Sold $150,000 0.0% $30 / Sq Ft View Prior Sale
05/28/2016 05/28/16 Pending -- -- --
04/12/2016 04/12/16 For Sale $150,000 -- $30 / 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 $1,952 $158,600 $66,900 $91,700
2023 $1,952 $126,900 $60,500 $66,400
2022 $1,378 $112,400 $54,700 $57,700
2021 $1,362 $96,100 $45,800 $50,300
2020 $998 $93,100 $45,800 $47,300
2019 $1,186 $93,100 $45,800 $47,300
2018 $1,180 $107,500 $48,600 $58,900
2017 $1,102 $107,400 $48,500 $58,900
2016 $1,060 $99,900 $46,600 $53,300
2015 $1,411 $99,900 $46,600 $53,300
2014 $1,411 $121,700 $45,100 $76,600
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2025

    Kerry Davis

    Canoe Capital Realty, LLC

    (218) 235-1084

    48 Total Sales

    Kerry Davis
    Section Image

  • N

    Buyer's Agent in 2025

    Nonmember NONMEMBER

    Nonmember Office

See All Agents

Map

Source: Lake Superior Area REALTORS®

MLS Number: 6118184

APN: 465001002280

Minnesota St Louis County Ely 55731

1950 Haapala Rd, Ely, MN

Not Listed for Sale

Lots

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