NOT LISTED FOR SALE

1989 Ledgerock Rd Ely, MN 55731

Estimated Value: $109,758

17 Acres
$6,456 Price per Acre
740,520 Sq Ft Lot

Last Sold October 26, 2022

Last sale price $91,000

Est. 21% increase in value since last sale

Current estimated payment $632/month

70 Days on Market

Highlights

  • 17 Acre Lot
  • No HOA
  • Elevated Lot
  • Memorial High School Rated 9+
  • Limited Views
  • Many Trees

About This Lot

As of October 2022

Awesome 17+ acre parcel located just a few miles north of Ely and located between Shagawa and Little Long Lakes on a private dead-end road off of Pine Tree Trail. A driveway is already in place to the best building site areas, which have already been cleared and leveled for your new home or cabin build! Additional space has been created for your garage or workshop nearby. The land is a mix of high and low ground, with the high ground being mostly aspen tree cover offering great fall colors, and the low ground being a gorgeous forest of northern white cedar trees. Power is at the driveway and septic sites have been located. This parcel offers close proximity to Ely along with great privacy and large acreage. Ready to go for your new home or cabin!

Last Agent to Sell the Property

Zachary Hway

Bear Island Realty LLC Listed on: 07/15/2022

Co-Listed By

Jeff Hway

Bear Island Realty LLC

Last Buyer's Agent

Anna Yahnke

Bear Island Realty LLC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $348

Lot Details

  • 17 Acre Lot
  • Lot Dimensions are 560 x 1650
  • Property fronts a private road
  • Elevated Lot
  • Lot Has A Rolling Slope
  • Many Trees

Parking

  • Gravel Driveway

Property Views

  • Limited Views

Community Details

  • No Home Owners Association

Property Details

Property Type

Land

Est. Annual Taxes

$348

Lot Details

0

Listing Details

  • Class: LOT/LAND
  • Directions: From downtown Ely, Proceed East on MN-169 N / E Sheridan St approx 2 miles. Turn Left on Grant McMahon Blvd, proceed approx 4 1/2 miles and turn right on Pine Tree Trail. Turn right on Ledgerock Rd. Turn left in driveway.
  • L O1 Office Phone1 Number: 218-365-2800
  • Renewal Options: Sell Entirely
  • Road Maintenance: Private
  • Property Sub-Type: Residential
  • Tax Year: 2022
  • View Type:Pond View: Limited
  • Lot Description Waterfront: No
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Frontage: Private

Garage/Parking

  • Parking Driveway: Driveway - Gravel

Utilities

  • Available Utilities: Electric
  • On Site Utilities: Electric
  • Power Company: Lake Country Power

Condo/Co-op/Association

  • Association Fee: No

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 560 X 1650
  • Estimated Number of Acres: 17
  • Cultivated Acreage: LSAR
  • Builder Restrictions: None
  • Geo Subdivision: MN
  • Land Improvements: No
  • Lot Description: Low Land, Tree Coverage - Heavy, High, Rolling

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 348

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2022
Closed on
Nov 3, 2022
Sold by
Lovgren Eric T
Bought by
Short Nicholas and Bailey Ellen
Seller's Agent
Zachary Hway
Bear Island Realty LLC
Buyer's Agent
Anna Yahnke
Bear Island Realty LLC
List Price
$91,000
Sold Price
$91,000
Current Estimated Value
$109,758

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,758
Avg. Annual Appreciation
6.05%

Purchase Details

Closed on
Nov 30, 2011
Sold by
Colosey John and Colosey Geralynn M
Bought by
Lovgren Eric T

Purchase Details

Closed on
May 9, 2008
Sold by
Brennan Timothy H
Bought by
Colosey John and Colosey Geralynn M

Purchase Details

Closed on
Sep 20, 2006
Sold by
Brennan Timothy H
Bought by
Sand Richard J and Sand Dorothy L

Purchase Details

Closed on
Jan 18, 2006
Sold by
Lingwall Daniel D and Lingwall Sandra
Bought by
Brannan Timothy H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,500
Interest Rate
8.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 20, 2003
Sold by
Lingwall Daniel D and Lingwall Sandra
Bought by
Pengal Paul M and Pengal Carol L

Purchase Details

Closed on
Aug 13, 2003
Sold by
Kanuit Robert R
Bought by
Lingwall Daniel D and Lingwall Sandra
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
Short Nicholas $91,000 Northeast Title
Lovgren Eric T $47,000 Northeast Title Company
Colosey John $55,000 Northeast Title Company
Sand Richard J $82,000 Northeast Title Company
Brannan Timothy H $235,000 Northeast Title Company
Pengal Paul M $35,000 Northeast Title Company
Lingwall Daniel D $130,000 Northeast Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brannan Timothy H $211,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/26/2022 10/26/22 Sold $91,000 0.0% --
09/23/2022 09/23/22 Pending -- -- --
07/15/2022 07/15/22 For Sale $91,000 -- --
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 $704 $90,000 $90,000 $0
2023 $704 $51,300 $51,300 $0
2022 $348 $45,900 $45,900 $0
2021 $364 $37,900 $37,900 $0
2020 $354 $37,900 $37,900 $0
2019 $314 $37,900 $37,900 $0
2018 $312 $34,300 $34,300 $0
2017 $306 $34,300 $34,300 $0
2016 $304 $32,900 $32,900 $0
2015 $367 $32,900 $32,900 $0
2014 $367 $39,500 $39,500 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6104271

APN: 465002002740