NOT LISTED FOR SALE

1960 Highway 169 Ely, MN 55731

Estimated Value: $292,000 - $411,000

3 Beds
1.5 Baths
1,529 Sq Ft
$229/Sq Ft Est. Value

Last Sold November 30, 2020

Last sale price $229,000 $150 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $1,968/month

51 Days on Market

Highlights

  • Spa
  • Sauna
  • Wood Flooring
  • Memorial High School Rated 9+
  • Deck
  • Main Floor Primary Bedroom

About This Home

As of November 2020

This country home has what prospective country home owners are looking for: acreage, 7.93 acres to be exact, a beautifully remodeled and maintained log home originally built in 1933, a very spacious and a heated detached two car garage, other storage buildings and another 1 car garage. The log home boasts 3 bedrooms, 1.75 bathrooms, an eat-in kitchen for warm family meals, a friendly comfortable living room, and a sauna in the basement to help keep you healthy. The property adjoins county land and is very close to the Taconite snowmobile trail. All of this country living just 1 mile from the edge of Ely!

Last Agent to Sell the Property

Jim Burke

Keller Williams Classic Realty NW Listed on: 08/24/2020

Keller Williams Classic Realty NW

Last Buyer's Agent

Jim Burke

Keller Williams Classic Realty NW Listed on: 08/24/2020

Keller Williams Classic Realty NW

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,864

Year Built

  • Built in 1933

Lot Details

  • 7.93 Acre Lot
  • Lot Dimensions are 700 x 500
  • Property fronts a highway
  • Landscaped
  • Irregular Lot
  • Lot Has A Rolling Slope
  • Many Trees

Home Design

  • Log Cabin
  • Poured Concrete
  • Fire Rated Drywall
  • Wood Frame Construction
  • Metal Roof
  • Wood Siding
  • Log Siding

Interior Spaces

  • 1,529 Sq Ft Home
  • 2-Story Property
  • Woodwork
  • Paneling
  • Ceiling Fan
  • Wood Frame Window
  • Entrance Foyer
  • Living Room
  • Combination Kitchen and Dining Room
  • Sauna
  • Wood Flooring
  • Dryer

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Bathroom on Main Level

Basement

  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom

Parking

  • 2 Car Detached Garage
  • Heated Garage
  • Garage Door Opener
  • Gravel Driveway

Outdoor Features

  • Spa
  • Deck
  • Patio
  • Storage Shed
  • Rain Gutters
  • Porch

Utilities

  • No Cooling
  • Forced Air Heating System
  • Hot Water Heating System
  • Boiler Heating System
  • Heating System Uses Wood
  • Heating System Uses Propane
  • Private Water Source
  • Drilled Well
  • Electric Water Heater
  • Fuel Tank
  • Private Sewer
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 465-0020-04580

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,864

Year Built

Built in 1933

Lot Details

7.93 Acres

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Ely - West on Hwy 169 to fire number 1960.
  • L O1 Office Phone1 Number: 218-365-2800
  • Planned Unit Development: No
  • Remodeled Addition: Yes
  • Road Maintenance: Public
  • Property Sub-Type: SF/Detached
  • Tax Year: 2020
  • Lot Description Waterfront: No
  • Air Conditioner: None
  • Reso Association Amenities: Ceiling Fans, Eat-In Kitchen, Garage Door Opener, Hardwood Floors, Natural Woodwork, Sauna, Cable TV, Drywalls, Foyer Entry, Panelled Walls, Dryer Hook-Ups, Washer Hook-Ups
  • Amenities Exterior: Deck, Patio, Porch, Gutter/Downspout
  • Half Bathrooms: 1
  • Mfg And Park Info Construction Type: Frame/Wood, Log Home
  • FinFootageAboveGrade: 1529
  • Garage Type: Detached
  • Heat: Boiler, Forced Air, Hot Water, Wood, Propane
  • MainFloorBath: Yes
  • New Development: No
  • Reso Roof: Metal
  • Bedroom 3: Master Bedroom
  • TotalBedrooms: 3
  • Year Built: 1933
  • Level 1 Bedroom: Main
  • RoomLevel3: Second Floor
  • RoomLevel4: Main
  • RoomLevel5: Main
  • Property Style: Log
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Stove, Refrigerator
  • Basement Features: Bath, Washer Hook-Ups, Dryer Hook-Ups
  • Basement Material: Poured Concrete
  • Basement Style: Full
  • Bathroom Description: 3/4 Master, 1/2 Main Floor
  • Formal Dining: Breakfast Nook, Combine with Kitchen
  • Extra Rooms: Spa/Sauna
  • Fireplace: No
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Kitchen
  • Bathroom 2: Living Room
  • Main Residence Features:Family Room4: Bedroom
  • Bedroom 5: Bedroom
  • Stories: 2 Story
  • Total Bathrooms: 2
  • Total Fin Square Footage: 1529
  • Exercise Room Level2: Main

Exterior Features

  • Out Buildings: Storage Shed, Other Buildings
  • Road Frontage: Highway, Paved
  • Construction Status: Previously Owned
  • Exterior: Log, Wood
  • Window Features:Insulated Windows: Wood Frame

Garage/Parking

  • Parking Driveway: Driveway - Gravel
  • Garage Features: Heat
  • Garage Capacity: 2
  • ParkingFeaturesGarageDimensions: 28 x 36

Utilities

  • Power Company: Lake Country Power
  • Sewer: Private, Drain Field
  • Water: Private, Drilled

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 700 x 500
  • Estimated Number of Acres: 7.93
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Irregular Lot, Landscaped, Tree Coverage - Heavy, Rolling
  • Parcel Number: 465-0020-04580

Rental Info

  • Lease Terms: Cash, Conventional, FHA, USDA, VA DVA

Tax Info

  • Tax Amount: 1864

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2020
Closed on
Nov 30, 2020
Sold by
Forsman Paul David
Bought by
Olsen Timothy M and Henry Sara A
Seller's Agent
Jim Burke
Keller Williams Classic Realty NW
Buyer's Agent
Jim Burke
Keller Williams Classic Realty NW
List Price
$229,000
Sold Price
$229,000
Current Estimated Value
$349,788

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,788
Avg. Annual Appreciation
8.45%
Original Mortgage
$217,550
Outstanding Balance
$193,589
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$156,199

Purchase Details

Closed on
Dec 18, 2018
Sold by
Forsman Paul David
Bought by
Mx2 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
$28,000
Interest Rate
5.5%
Mortgage Type
Land Contract Argmt. Of Sale

Purchase Details

Closed on
Sep 27, 2008
Sold by
Holmstrom Gregory Allan and Holmstrom Charlene A
Bought by
Carlson Dennis L and Carlson Carolee J
Source: Public Records

Range of Values:

--
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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Purchase History

Date Buyer Sale Price Title Company
Olsen Timothy M $229,000 Northeast Title Company
Mx2 Properties Llc $35,000 Northeast Title Company
Carlson Dennis L $38,500 None Available
Olson Timothy Timothy $229,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Olsen Timothy M $217,550
Previous Owner Mx2 Properties Llc $28,000
Closed Olson Timothy Timothy $217,550
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2020 11/30/20 Sold $229,000 0.0% $150 / Sq Ft
10/14/2020 10/14/20 Pending -- -- --
08/24/2020 08/24/20 For Sale $229,000 -- $150 / Sq Ft
Source: Lake Superior Area REALTORS®

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 $1,990 $275,300 $61,800 $213,500
2023 $1,990 $284,300 $56,400 $227,900
2022 $2,060 $249,400 $51,300 $198,100
2021 $2,102 $216,000 $43,700 $172,300
2020 $1,934 $206,200 $43,700 $162,500
2019 $1,834 $206,900 $44,400 $162,500
2018 $1,074 $203,500 $47,800 $155,700
2017 $960 $140,200 $45,300 $94,900
2016 $936 $129,500 $43,700 $85,800
2015 $941 $103,900 $35,100 $68,800
2014 $941 $103,900 $35,100 $68,800
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    Jim Burke

    Keller Williams Classic Realty NW

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6092617

APN: 465002004580

Minnesota St Louis County Ely 55731

1960 Highway 169, Ely, MN

Not Listed for Sale

Detached

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