NOT LISTED FOR SALE

1988 Sotlich Rd Ely, MN 55731

Estimated Value: $408,868 - $500,000

3 Beds
2 Baths
1,246 Sq Ft
$365/Sq Ft Est. Value

Last Sold June 27, 2014

Last sale price $242,500 $195 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $2,571/month

Highlights

  • Sauna
  • Open Floorplan
  • 2 Car Detached Garage
  • Memorial High School Rated 9+
  • Deck
  • Walk-In Closet

About This Home

As of June 2014

For comparable sale purposes only.

Last Agent to Sell the Property

Janet Erchul

Bear Island Land Co., Inc Listed on: 05/29/2014

Last Buyer's Agent

Janet Erchul

Bear Island Land Co., Inc Listed on: 05/29/2014

Home Details

Home Type

  • Single Family

Year Built

  • 1979

Lot Details

  • 5 Acre Lot
  • Lot Dimensions are 330 x 600
  • Property fronts a county road
  • Street terminates at a dead end
  • Landscaped with Trees

Home Design

  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Gas Fireplace
  • Combination Kitchen and Dining Room
  • Sauna
  • Tile Flooring
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Bathroom on Main Level

Finished Basement

  • Walk-Out Basement
  • Block Basement Construction
  • Finished Basement Bathroom

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Outdoor Features

  • Deck
  • Storage Shed
  • Lean-To Shed

Utilities

  • Baseboard Heating
  • Heating System Powered By Owned Propane
  • Private Water Source
  • Fuel Tank
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number 465-10-1101

Home Details

Home Type

Single Family

Year Built

1979

Lot Details

5 Acres

Listing Details

  • Class: SINGLE FAMILY
  • Classification: Homestead
  • Style: SF Single Family
  • Amenities: Ceiling Fans, Garage Door Opener, Sauna, Tiled Floors, Walk-In Closet, Washer/Dryer Hookups
  • Amenities Exterior: Deck
  • Estimated Number of Acres: 5
  • Construction: Previously Owned
  • Mechanicals: Fuel Tank-Rented
  • Parcel Number: 465-10-1101
  • Stories: 1 Story
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1979

Interior Features

  • Dining Room: Combine with Kitchen, Open Floor Plan
  • Fireplace Type: Gas
  • Total Bedrooms: 3
  • Bathroom Description: 3/4 Master, Full Basement, Main Floor 3/4 Bath, Two Basement Baths
  • Total Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 2
  • Basement Features: Finished, Walkout
  • Basement Material: Concrete Block
  • Basement Style: Walk-out
  • Finished Above Grade Sq Ft: 1246
  • Below Grade Finished Sq Ft: 1614
  • Total Square Footage: 2860

Exterior Features

  • Frontage Road: County, Dead End/No Outlet, Gravel
  • Construction Type: Frame/Wood
  • Exterior: Wood
  • Out Buildings: Lean-To, Storage Shed
  • Roof: Asphalt Shingles

Garage/Parking

  • Garage Type: Detached
  • Garage Capacity: 2

Utilities

  • Fuel: Electric, Propane - Tank Owned
  • Heat: Baseboard, Fireplace
  • Sewer: Private
  • Water: Private

Lot Info

  • Estimated Lot Dimensions: 330 x 600
  • Lot/Land Description: Landscaped, Tree Coverage - Medium

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 29, 2014
Closed on
Jun 16, 2014
Sold by
Srock Karl and Srock Wade
Bought by
Cochran Steven B and Selmer Nicole L
Seller's Agent
Janet Erchul
Bear Island Land Co., Inc
Buyer's Agent
Janet Erchul
Bear Island Land Co., Inc
List Price
$242,500
Sold Price
$242,500
Current Estimated Value
$454,717

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$212,217
Avg. Annual Appreciation
5.54%
Original Mortgage
$162,500
Outstanding Balance
$123,239
Interest Rate
4.2%
Mortgage Type
New Conventional
Estimated Equity
$331,478

Purchase Details

Listed on
Apr 24, 2013
Closed on
Oct 3, 2013
Sold by
Berglund Sandra
Bought by
Srock Wade and Srock Karl
Seller's Agent
Phil Hyde
Bear Island Land Co., Inc
Buyer's Agent
Phil Hyde
Bear Island Land Co., Inc
List Price
$299,900
Sold Price
$230,000
Premium/Discount to List
-$69,900
-23.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.58%
Original Mortgage
$150,000
Interest Rate
5%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Apr 24, 2013
Closed on
Aug 29, 2013
Sold by
Berglund Sandra J
Bought by
Srock Wade and Srock Karl
Seller's Agent
Phil Hyde
Bear Island Land Co., Inc
Buyer's Agent
Phil Hyde
Bear Island Land Co., Inc
List Price
$299,900
Sold Price
$230,000
Premium/Discount to List
-$69,900
-23.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 23, 2003
Sold by
Bestul Robert W and Bestul Lisa C
Bought by
Berglund David E and Berglund Sandra J
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
Cochran Steven B $262,500 Northeast Title Company
Srock Wade $230,000 Northeast Title Company Ely
Srock Wade $230,000 None Available
Berglund David E $294,000 Northeast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cochran Steven B $162,500
Previous Owner Srock Wade $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/27/2014 06/27/14 Sold $242,500 0.0% $195 / Sq Ft
05/29/2014 05/29/14 For Sale $242,500 +5.4% $195 / Sq Ft
05/27/2014 05/27/14 Pending -- -- --
08/29/2013 08/29/13 Sold $230,000 -23.3% $185 / Sq Ft View Prior Sale
07/25/2013 07/25/13 Pending -- -- --
04/24/2013 04/24/13 For Sale $299,900 -- $241 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

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 $2,748 $349,700 $53,700 $296,000
2023 $2,748 $321,900 $49,000 $272,900
2022 $2,410 $282,000 $44,800 $237,200
2021 $2,446 $244,700 $38,300 $206,400
2020 $2,246 $232,700 $38,300 $194,400
2019 $2,106 $232,700 $38,300 $194,400
2018 $2,088 $226,500 $40,200 $186,300
2017 $1,880 $226,500 $40,200 $186,300
2016 $1,842 $207,200 $38,800 $168,400
2015 $1,982 $188,600 $35,300 $153,300
2014 $1,982 $200,800 $46,000 $154,800
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2014

    Janet Erchul

    Bear Island Land Co., Inc

  • P

    Seller's Agent in 2013

    Phil Hyde

    Bear Island Land Co., Inc

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4651824

REALTOR® Association of Southern Minnesota

APN: 465001001101

Minnesota St Louis County Ely 55731

1988 Sotlich Rd, Ely, MN

Not Listed for Sale

Detached

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