NOT LISTED FOR SALE

1950 Haapala Rd Ely, MN 55731

Estimated Value: $221,000 - $332,000

16.5 Acres
$15,992 Price per Acre
718,740 Sq Ft Lot

Sale Details

Date Sold: April 16, 2025

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

Est. 22% increase in value since last sale

Current estimated payment $1,603 / mo

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 License #MN 40208514 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

16.5 Acres

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

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
Mar 15, 2025
Closed on
Apr 16, 2025
Sold by
Bought by
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
$263,872

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,872
Avg. Annual Appreciation
18.03%

Purchase Details

Closed on
Dec 18, 2024
Sold by
Bought by

Purchase Details

Closed on
Oct 9, 2019
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
$131,250
Interest Rate
3.6%

Purchase Details

Closed on
Aug 19, 2019
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
$131,250
Interest Rate
3.6%

Purchase Details

Closed on
Aug 1, 2019
Sold by
Bought by

Purchase Details

Listed on
Apr 12, 2016
Closed on
Jun 21, 2016
Sold by
Bought by
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
5.81%
Original Mortgage
$142,000
Interest Rate
5%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 8, 2008
Sold by
Bought by

Purchase Details

Closed on
Dec 18, 2006
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
$22,000
Interest Rate
7%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 3, 2006
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
$44,000
Interest Rate
7.9%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 28, 2004
Sold by
Bought by

Purchase Details

Closed on
Nov 14, 2003
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
$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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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
$217,000 Northeast Title
$500 None Listed On Document
$500 None Listed On Document
$150,000 Northeast Title Company
-- None Available
-- None Available
$150,000 Northeast Title Company
$72,000 None Available
$72,000 None Available
$55,000 Northeast Title Company
$16,000 --
$65,000 Northeast Title
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
Previous Owner $131,250
Previous Owner $142,000
Previous Owner $22,000
Previous Owner $44,000
Previous Owner $58,500
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 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

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 $2,228 $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

    43 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

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

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